EXHIBIT 4.1
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ASSET BACKED FUNDING CORPORATION,
DEPOSITOR
COUNTRYWIDE HOME LOANS SERVICING LP,
SERVICER
AND
JPMORGAN CHASE BANK,
TRUSTEE
POOLING AND SERVICING AGREEMENT
DATED AS OF JULY 1, 2004
ABFC 2004-FF1 TRUST
ABFC ASSET-BACKED CERTIFICATES, SERIES 2004-FF1
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TABLE OF CONTENTS
Page
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ARTICLE I
DEFINITIONS
Section 1.01 Defined Terms.................................................................................4
Section 1.02 Accounting...................................................................................51
Section 1.03 Rights of the NIMS Insurer...................................................................51
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01 Conveyance of Mortgage Loans.................................................................51
Section 2.02 Acceptance by Trustee........................................................................54
Section 2.03 Repurchase or Substitution of Mortgage Loans by the Originator or the Seller.................55
Section 2.04 Execution of Yield Maintenance Agreements....................................................58
Section 2.05 Representations, Warranties and Covenants of the Servicer....................................59
Section 2.06 Representations and Warranties of the Depositor..............................................61
Section 2.07 Issuance of Certificates and the Uncertificated Regular Interests............................62
ARTICLE III
ADMINISTRATION AND SERVICING OF THE TRUST FUND
Section 3.01 Servicer to Act as Servicer..................................................................63
Section 3.02 Collection of Mortgage Loan Payments.........................................................65
Section 3.03 Realization Upon Defaulted Mortgage Loans....................................................66
Section 3.04 Collection Accounts, Distribution Account and Reserve Accounts...............................67
Section 3.05 Permitted Withdrawals From the Collection Accounts...........................................71
Section 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts................................72
Section 3.07 Permitted Withdrawals From Escrow Account....................................................73
Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................74
Section 3.09 Transfer of Accounts.........................................................................74
Section 3.10 Maintenance of Hazard Insurance..............................................................74
Section 3.11 Maintenance of Mortgage Impairment Insurance Policy..........................................75
Section 3.12 Fidelity Bond, Errors and Omissions Insurance................................................76
Section 3.13 Title, Management and Disposition of REO Property............................................76
Section 3.14 Due-on-Sale Clauses; Assumption and Substitution Agreements..................................78
Section 3.15 Notification of Adjustments..................................................................79
Section 3.16 Optional Purchases of Mortgage Loans by Servicer.............................................79
Section 3.17 Trustee to Cooperate; Release of Files.......................................................80
Section 3.18 Servicing Compensation.......................................................................81
Section 3.19 Annual Statement as to Compliance............................................................81
Section 3.20 Annual Independent Certified Public Accountants' Reports.....................................82
Section 3.21 Access to Certain Documentation and Information Regarding the Mortgage Loans.................82
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Section 3.22 Duties of Credit Risk Manager................................................................82
Section 3.23 Obligations of the Servicer in Respect of Compensating Interest..............................83
Section 3.24 Obligations of the Servicer in Respect of Mortgage Interest Rates and Monthly Payments.......83
Section 3.25 Investment of Funds in the Collection Accounts...............................................84
Section 3.26 Liability of Servicer; Indemnification.......................................................85
Section 3.27 Reports of Foreclosure and Abandonment of Mortgaged Properties...............................85
Section 3.28 Protection of Assets.........................................................................85
Section 3.29 Limitation of Liability of the Credit Risk Manager...........................................86
Section 3.30 No Personal Solicitation.....................................................................86
Section 3.31 Periodic Filings.............................................................................86
Section 3.32 Credit Reporting; Xxxxx-Xxxxx-Xxxxxx Act.....................................................89
ARTICLE IV
FLOW OF FUNDS
Section 4.01 Interest Distributions.......................................................................89
Section 4.02 Distributions of Principal and Monthly Excess Cashflow Amounts...............................91
Section 4.03 Allocation of Losses.........................................................................95
Section 4.04 Method of Distribution.......................................................................96
Section 4.05 Distributions on Book-Entry Certificates.....................................................96
Section 4.06 Statements...................................................................................96
Section 4.07 Remittance Reports; Advances................................................................100
Section 4.08 REMIC Distributions and Allocation of Losses................................................101
ARTICLE V
THE CERTIFICATES
Section 5.01 The Certificates............................................................................104
Section 5.02 Registration of Transfer and Exchange of Certificates.......................................105
Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates...........................................110
Section 5.04 Persons Deemed Owners.......................................................................110
Section 5.05 Appointment of Paying Agent.................................................................110
ARTICLE VI
THE SERVICER AND THE DEPOSITOR
Section 6.01 Liability of the Servicer and the Depositor.................................................111
Section 6.02 Merger or Consolidation of, or Assumption of the Obligations of, the Servicer or the
Depositor...................................................................................111
Section 6.03 Limitation on Liability of the Servicer and Others..........................................111
Section 6.04 Servicer Not to Resign......................................................................112
Section 6.05 Delegation of Duties........................................................................113
ARTICLE VII
DEFAULT
Section 7.01 Servicer Events of Termination..............................................................115
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Section 7.02 Trustee to Act; Appointment of Successor....................................................117
Section 7.03 Waiver of Defaults..........................................................................118
Section 7.04 Notification to Certificateholders..........................................................118
Section 7.05 Survivability of Servicer Liabilities.......................................................119
ARTICLE VIII
THE TRUSTEE
Section 8.01 Duties of Trustee...........................................................................119
Section 8.02 Certain Matters Affecting the Trustee.......................................................121
Section 8.03 Trustee Not Liable for Certificates or Mortgage Loans.......................................122
Section 8.04 Trustee May Own Certificates................................................................123
Section 8.05 Trustee Fees and Expenses...................................................................123
Section 8.06 Eligibility Requirements for Trustee........................................................123
Section 8.07 Resignation or Removal of Trustee...........................................................124
Section 8.08 Successor Trustee...........................................................................124
Section 8.09 Merger or Consolidation of Trustee..........................................................125
Section 8.10 Appointment of Co-Trustee or Separate Trustee...............................................125
Section 8.11 Limitation of Liability.....................................................................126
Section 8.12 Trustee May Enforce Claims Without Possession of Certificates...............................126
Section 8.13 Suits for Enforcement.......................................................................127
Section 8.14 Waiver of Bond Requirement..................................................................127
Section 8.15 Waiver of Inventory, Accounting and Appraisal Requirement...................................127
ARTICLE IX
REMIC AND GRANTOR TRUST ADMINISTRATION
Section 9.01 REMIC Administration........................................................................128
Section 9.02 Prohibited Transactions and Activities......................................................130
Section 9.03 Indemnification with Respect to Certain Taxes and Loss of REMIC Status......................130
Section 9.04 REO Property................................................................................131
Section 9.05 Grantor Trust Administration................................................................131
ARTICLE X
TERMINATION
Section 10.01 Termination.................................................................................132
Section 10.02 Additional Termination Requirements.........................................................134
ARTICLE XI
MISCELLANEOUS PROVISIONS
Section 11.01 Amendment...................................................................................134
Section 11.02 Recordation of Agreement; Counterparts......................................................136
Section 11.03 Limitation on Rights of Certificateholders..................................................136
Section 11.04 Governing Law; Jurisdiction.................................................................137
Section 11.05 Notices.....................................................................................137
Section 11.06 Severability of Provisions..................................................................138
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Section 11.07 Article and Section References..............................................................138
Section 11.08 Notice to the Rating Agencies and the NIMS Insurer..........................................138
Section 11.09 Further Assurances..........................................................................139
Section 11.10 Third Party Beneficiary.....................................................................139
Section 11.11 Acts of Certificateholders..................................................................139
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EXHIBITS:
Exhibit A-1 Form of Class A-1 Certificate
Exhibit A-2 Form of Class A-2 Certificate
Exhibit B-1 Form of Class M-1 Certificate
Exhibit B-2 Form of Class M-2 Certificate
Exhibit B-3 Form of Class M-3 Certificate
Exhibit B-4 Form of Class M-4 Certificate
Exhibit B-5 Form of Class M-5 Certificate
Exhibit B-6 Form of Class M-6 Certificate
Exhibit B-7 Form of Class M-7 Certificate
Exhibit C-1 Form of Class CE Certificate
Exhibit C-2 Form of Class P Certificate
Exhibit C-3 Form of Class R Certificate
Exhibit D-1 Group 1 Mortgage Loan Schedule
Exhibit D-2 Group 2 Mortgage Loan Schedule
Exhibit E Form of Request for Release of Documents
Exhibit F-1 Form of Trustee's Initial Certification
Exhibit F-2 Form of Trustee's Final Certification
Exhibit F-3 Form of Receipt of Mortgage Note
Exhibit G Mortgage Loan Purchase Agreement
Exhibit H Form of Lost Note Affidavit
Exhibit I Form of ERISA Representation
Exhibit J Form of Investment Letter
Exhibit K Form of Class R Certificate Transfer Affidavit
Exhibit L Form of Transferor Certificate
Exhibit M Monthly Information Delivered by Servicer
Exhibit N Form of Yield Maintenance Agreements
Exhibit O Form of Certification
Exhibit P-1 Form of Certification to be Provided by the Trustee to the Depositor
Exhibit P-2 Form of Certification to be Provided by the Servicer to the Depositor
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ASSET BACKED FUNDING CORPORATION, as depositor (the "Depositor"),
COUNTRYWIDE HOME LOANS SERVICING LP, as servicer (the "Servicer"), and JPMORGAN
CHASE BANK, as trustee (the "Trustee") are entering into this Pooling and
Servicing Agreement, dated as of July 1, 2004 (the "Agreement").
PRELIMINARY STATEMENT
The Depositor intends to sell pass-through certificates (collectively,
the "Certificates"), to be issued hereunder in multiple Classes, which in the
aggregate will evidence the entire beneficial ownership interest in the Trust
Fund created hereunder. The Certificates will consist of twelve Classes of
Certificates, designated as (i) the Class A-1 and Class A-2 Certificates, (ii)
the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6 and Class
M-7 Certificates, (iii) the Class CE Certificates, (iv) the Class P Certificates
and (v) the Class R Certificate.
REMIC 1
As provided herein, the Trustee will make an election to treat the
segregated pool of assets consisting of the Mortgage Loans and certain other
related assets subject to this Agreement (but exclusive of the Yield Maintenance
Agreements, the Reserve Accounts, the Cap Carryover Amounts, the Prepayment
Charges, the Originator Prepayment Charge Payment Amounts and the Servicer
Prepayment Charge Payment Amounts) as a real estate investment conduit (a
"REMIC") for federal income tax purposes, and such segregated pool of assets
will be designated as "REMIC 1." The Class R-1 Interest will represent the sole
class of "residual interests" in REMIC 1 for purposes of the REMIC Provisions
under federal income tax law. The following table irrevocably sets forth the
designation, the Uncertificated REMIC 1 Pass-Through Rate, the initial
Uncertificated Principal Balance, and solely for purposes of satisfying Treasury
Regulations Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for
each of the REMIC 1 Regular Interests. None of the REMIC 1 Regular Interests
will be certificated.
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Uncertificated REMIC Initial Uncertificated
Designation Pass-Through Rate Balance Latest Possible Maturity Date
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT1AA Variable(2) $354,361,637.54 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT1A1 Variable(2) $2,018,495.00 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT1A2 Variable(2) $1,089,400.00 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT1M1 Variable(2) $225,995.00 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT1M2 Variable(2) $108,480.00 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT1M3 Variable(2) $36,155.00 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT1M4 Variable(2) $27,120.00 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT1M5 Variable(2) $27,120.00 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT1M6 Variable(2) $18,080.00 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT1M7 Variable(2) $25,310.00 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT1ZZ Variable(2) $3,655,715.15 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT1SUB Variable(2) $6,599.18 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT1GRP Variable(2) $46,969.08 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT2SUB Variable(2) $3,561.62 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT2GRP Variable(2) $25,349.62 June 25, 2034
-------------------------- ---------------------------- --------------------------- ----------------------------------
LT1XX Variable(2) $361,511,028.19 June 25, 2034
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(1) Solely for purposes of Treasury Regulations Section
1.860G-1(a)(4)(iii), the Distribution Date in the month following the
maturity date for the Mortgage Loan with the latest maturity date has
been designated as the "latest possible maturity date" for each REMIC 1
Regular Interest.
(2) Calculated in accordance with the definition of "Uncertificated REMIC 1
Pass-Through Rate" herein.
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REMIC 2
As provided herein, the Trustee shall make an election to treat the
segregated pool of assets consisting of the REMIC 1 Regular Interests as a REMIC
for federal income tax purposes, and such segregated pool of assets will be
designated as "REMIC 2." The Class R-2 Interest represents the sole class of
"residual interests" in REMIC 2 for purposes of the REMIC Provisions.
The following table sets forth (or describes) the Class designation,
Certificate Interest Rate and Original Class Certificate Principal Balance for
each Class of Certificates comprising the interests in the Trust Fund created
hereunder:
============================== ============================ ======================= ==================================
Original Class Certificate Certificate Interest Assumed Final
Class Principal Balance Rate Maturity Dates
------------------------------ ---------------------------- ----------------------- ----------------------------------
A-1 $403,699,000.00 (1) May 25, 2034
------------------------------ ---------------------------- ----------------------- ----------------------------------
A-2 $217,880,000.00 (2) May 25, 2034
------------------------------ ---------------------------- ----------------------- ----------------------------------
M-1 $45,199,000.00 (3) March 25, 2034
------------------------------ ---------------------------- ----------------------- ----------------------------------
M-2 $21,696,000.00 (4) January 25, 2034
------------------------------ ---------------------------- ----------------------- ----------------------------------
M-3 $7,231,000.00 (5) October 25, 2033
------------------------------ ---------------------------- ----------------------- ----------------------------------
M-4 $5,424,000.00 (6) July 25, 2033
------------------------------ ---------------------------- ----------------------- ----------------------------------
M-5 $5,424,000.00 (7) May 25, 2033
------------------------------ ---------------------------- ----------------------- ----------------------------------
M-6 $3,616,000.00 (8) December 25, 2032
------------------------------ ---------------------------- ----------------------- ----------------------------------
M-7 $5,062,000.00 (9) July 25, 2032
------------------------------ ---------------------------- ----------------------- ----------------------------------
CE (10) (10) N/A
------------------------------ ---------------------------- ----------------------- ----------------------------------
P(11) N/A N/A N/A
------------------------------ ---------------------------- ----------------------- ----------------------------------
R N/A N/A N/A
------------------------------ ---------------------------- ----------------------- ----------------------------------
Total $723,187,015.39
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(1) Interest will accrue on the Class A-1 Certificates during each Interest
Accrual Period at a rate equal to the lesser of: (i) the Class A-1
Pass-Through Rate and (ii) the Group 1 Cap for such Distribution Date.
(2) Interest will accrue on the Class A-2 Certificates during each Interest
Accrual Period at a rate equal to the lesser of: (i) the Class A-2
Pass-Through Rate and (ii) the Group 2 Cap for such Distribution Date.
(3) Interest will accrue on the Class M-1 Certificates during each Interest
Accrual Period at a rate equal to the lesser of: (i) the Class M-1
Pass-Through Rate and (ii) the Pool Cap for such Distribution Date.
(4) Interest will accrue on the Class M-2 Certificates during each Interest
Accrual Period at a rate equal to the lesser of: (i) the Class M-2
Pass-Through Rate and (ii) the Pool Cap for such Distribution Date.
(5) Interest will accrue on the Class M-3 Certificates during each Interest
Accrual Period at a rate equal to the lesser of: (i) the Class M-3
Pass-Through Rate and (ii) the Pool Cap for such Distribution Date.
(6) Interest will accrue on the Class M-4 Certificates during each Interest
Accrual Period at a rate equal to the lesser of: (i) the Class M-4
Pass-Through Rate and (ii) the Pool Cap for such Distribution Date.
(7) Interest will accrue on the Class M-5 Certificates during each Interest
Accrual Period at a rate equal to the lesser of: (i) the Class M-5
Pass-Through Rate and (ii) the Pool Cap for such Distribution Date.
(8) Interest will accrue on the Class M-6 Certificates during each Interest
Accrual Period at a rate equal to the lesser of: (i) the Class M-6
Pass-Through Rate and (ii) the Pool Cap for such Distribution Date.
(9) Interest will accrue on the Class M-7 Certificates during each Interest
Accrual Period at a rate equal to the lesser of: (i) the Class M-7
Pass-Through Rate and (ii) the Pool Cap for such Distribution Date.
(10) Solely for REMIC purposes, the Class CE Certificates (i) will have an
Original Class Certificate Principal Balance equal to the Initial
Overcollateralization Amount and (ii) will bear interest on their
Notional Amount.
(11) The Class P Certificate does not represent an interest in either of
REMIC 1 or REMIC 2, but rather represents an interest in the Grantor
Trust created hereunder.
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ARTICLE I
DEFINITIONS
Section 1.01 Defined Terms.
Whenever used in this Agreement or in the Preliminary Statement, the
following words and phrases, unless the context otherwise requires, shall have
the meanings specified in this Article. Interest on all Classes of REMIC 1
Regular Interests will be calculated on the basis of a 360-day year consisting
of twelve 30-day months. Interest on all Regular Certificates will be calculated
on the basis of the actual number of days in the related Interest Accrual Period
and a 360-day year.
"1933 Act": The Securities Act of 1933, as amended.
"60+ Day Delinquent Loan": Each Mortgage Loan (including each Mortgage
Loan in foreclosure and each Mortgage Loan for which the Mortgagor has filed for
bankruptcy after the Closing Date) with respect to which any portion of a
Monthly Payment is, as of the last day of the prior Collection Period, two
months or more past due and each Mortgage Loan relating to an REO Property.
"Account": Any of the Trust Collection Account, the DA Reserve Account,
the Distribution Account, the Class A-2 Reserve Account, the Class M Reserve
Account or the Escrow Account.
"Accrued Certificate Interest": With respect to each Distribution Date
and Class of Certificates, an amount equal to the interest accrued at the
Certificate Interest Rate described opposite such Class in the table in the
Preliminary Statement during the related Interest Accrual Period on the
Certificate Principal Balance of such Class of Certificates, reduced by such
Class' Interest Percentage of Relief Act Interest Shortfalls for such
Distribution Date.
"Adjustment Date": With respect to each Mortgage Loan, each adjustment
date on which the Mortgage Interest Rate of such Mortgage Loan changes pursuant
to the related Mortgage Note. The first Adjustment Date following the Cut-off
Date as to each Mortgage Loan is set forth in the Mortgage Loan Schedules.
"Advance": As to any Mortgage Loan, any advance made by the Servicer in
respect of any Distribution Date pursuant to Section 4.07.
"Adverse REMIC Event": As defined in Section 9.01(f) hereof.
"Affiliate": With respect to any Person, any other Person controlling,
controlled by or under common control with such Person. For purposes of this
definition, "control" means the power to direct the management and policies of a
Person, directly or indirectly, whether through ownership of voting securities,
by contract or otherwise and "controlling" and "controlled" shall have meanings
correlative to the foregoing.
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"Aggregate Overcollateralization Release Amount": With respect to any
Distribution Date, the lesser of (i) the Principal Remittance Amount and (ii)
the Overcollateralization Release Amount.
"Agreement": This Pooling and Servicing Agreement and all amendments
and supplements hereto.
"Applicable Regulations": As to any Mortgage Loan, all federal, state
and local laws, statutes, rules and regulations applicable thereto.
"Applied Realized Loss Amount": With respect to each Distribution Date,
the excess, if any, of (a) the aggregate of the Certificate Principal Balances
of the Certificates (after giving effect to the distribution of the Principal
Distribution Amount on such Distribution Date and any increase in any
Certificate Principal Balance as a result of Subsequent Recoveries) over (b) the
Pool Balance as of the end of the related Collection Period.
"Assignment": An assignment of Mortgage, notice of transfer or
equivalent instrument, in recordable form, which is sufficient under the laws of
the jurisdiction wherein the related Mortgaged Property is located to reflect or
record the sale of the Mortgage.
"Assignment, Assumption and Recognition Agreement": The Assignment,
Assumption and Recognition Agreement, dated July 30, 2004, among the Depositor,
the Seller and the Originator.
"Assumed Final Maturity Date": As to each Class of Certificates, the
date set forth as such in the Preliminary Statement.
"Available Funds": As to any Distribution Date, an amount equal to the
excess of (i) the sum of (a) the aggregate of the Monthly Payments due during
the related Collection Period and received on or prior to the related
Determination Date by the Servicer, (b) Liquidation Proceeds, Insurance
Proceeds, Condemnation Proceeds, Principal Prepayments, Substitution Adjustment
Amounts, the Purchase Price for any repurchased Mortgage Loan, the Termination
Price with respect to the termination of the Trust pursuant to Section 10.01
hereof and other unscheduled recoveries of principal and interest (excluding
Prepayment Charges, Originator Prepayment Charge Payment Amounts, and Servicer
Prepayment Charge Payment Amounts) in respect of the Mortgage Loans during the
related Prepayment Period, (c) the aggregate of any amounts received in respect
of an REO Property deposited in the Trust Collection Account for such
Distribution Date, (d) any Compensating Interest for such Distribution Date, (e)
the aggregate of any Advances made by the Servicer for such Distribution Date,
(f) the aggregate amount of DA Dividends deposited in the Distribution Account
for such Distribution Date and (g) any Reimbursement Amount or Subsequent
Recovery deposited into the Trust Collection Account during the related
Prepayment Period over (ii) the sum of (a) amounts reimbursable or payable to
the Servicer pursuant to Sections 3.05 or 6.03, (b) amounts reimbursable or
payable to the Trustee pursuant to Section 8.05 (other than Trustee Fees) or
Section 9.01(c), (c) Stayed Funds, (d) the Servicing Fee and (e) amounts
deposited in the Collection Account or the Distribution Account, as the case may
be, in error.
"Bankruptcy Code": Title 11 of the United States Code, as amended.
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"Book-Entry Certificates": Any of the Certificates that shall be
registered in the name of the Depository or its nominee, the ownership of which
is reflected on the books of the Depository or on the books of a Person
maintaining an account with the Depository (directly, as a "Depository
Participant," or indirectly, as an indirect participant in accordance with the
rules of the Depository and as described in Section 5.02 hereof). On the Closing
Date, the Class X-0, Xxxxx X-0, Class M-1, Class M-2, Class M-3, Class M-4,
Class M-5, Class M-6 and Class M-7 Certificates shall be Book-Entry
Certificates.
"Business Day": Any day other than a Saturday, a Sunday or a day on
which banking institutions in the State of New York, the State of California,
the State of Texas or in the city in which the Corporate Trust Office of the
Trustee is located are authorized or obligated by law or executive order to be
closed.
"Cap": Any of the Group 1 Cap, the Group 2 Cap or the Pool Cap.
"Cap Amount": With respect to each Distribution Date and each Class of
Class M Certificates, the product of (i) the Class M Yield Maintenance Agreement
Payment for such Distribution Date and (ii) a fraction, the numerator of which
is the Certificate Principal Balance of such Class immediately prior to such
Distribution Date and the denominator of which is the aggregate Certificate
Principal Balance of the Class M Certificates immediately prior to such
Distribution Date.
"Cap Carryover Amount": If on any Distribution Date, the Accrued
Certificate Interest for any Offered Certificate is based upon a Cap, the excess
of (i) the amount of interest such Certificate would have been entitled to
receive on such Distribution Date based on the related Pass-Through Rate, over
(ii) the amount of interest such Certificate received on such Distribution Date
based on the related Cap, together with the unpaid portion of any such excess
from prior Distribution Dates (and interest accrued thereon at the then
applicable Pass-Through Rate on such Certificate).
"Certificate": Any Regular Certificate, Class P Certificate or Class R
Certificate.
"Certificate Custodian": Initially, JPMorgan Chase Bank; thereafter any
other Certificate Custodian acceptable to the Depository and selected by the
Trustee.
"Certificate Interest Rate": With respect to each Distribution Date
during the Interest Accrual Period and (a) each Class of Offered Certificates, a
per annum rate equal to the lesser of (i) the related Pass-Through Rate and (ii)
the applicable Cap for such Distribution Date, and (b) the Class CE
Certificates, the related Pass-Through Rate.
"Certificate Owner": With respect to each Book-Entry Certificate, any
beneficial owner thereof.
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"Certificate Principal Balance": With respect to any Class of
Certificates (other than the Class CE, Class P and Class R Certificates) and any
Distribution Date, the Original Class Certificate Principal Balance (a) reduced
by the sum of (i) all amounts actually distributed in respect of principal of
such Class on all prior Distribution Dates and (ii) Applied Realized Loss
Amounts allocated thereto for previous Distribution Dates and (b) increased by
any Subsequent Recoveries allocated to such Class for previous Distribution
Dates. The Class P and Class R Certificates do not have a Certificate Principal
Balance. With respect to the Class CE Certificate and any Distribution Date, the
excess, if any, of the then aggregate Uncertificated Principal Balances of the
REMIC 1 Regular Interests over the aggregate Certificate Principal Balance of
the Class A Certificates and the Class M Certificates then outstanding. With
respect to any Certificate (other than a Class P or Class R Certificate) of a
Class and any Distribution Date, the portion of the Certificate Principal
Balance of such Class represented by such Certificate equal to the product of
the Percentage Interest evidenced by such Certificate and the Certificate
Principal Balance of such Class.
"Certificate Register" and "Certificate Registrar": The register
maintained and registrar appointed pursuant to Section 5.02 hereof.
"Certificateholder" or "Holder": The Person in whose name a Certificate
is registered in the Certificate Register, except that a Disqualified
Organization or non-U.S. Person shall not be a Holder of the Class R Certificate
for any purpose hereof.
"Certification": As defined in Section 3.31(b) hereof.
"Class": Collectively, Certificates or REMIC Regular Interests which
have the same priority of payment and bear the same class designation and the
form of which is identical except for variation in the Percentage Interest
evidenced thereby.
"Class A-1 Certificate Margin": For each Distribution Date (i) on or
prior to the Optional Termination Date, 0.360% per annum, and (ii) following the
Optional Termination Date, 0.720% per annum.
"Class A-1 Pass-Through Rate": For each Distribution Date, a rate per
annum equal to the lesser of (a) One-Month LIBOR as of the related LIBOR
Determination Date, plus the Class A-1 Certificate Margin and (b) the Group 1
Maximum Rate Cap.
"Class A-2 Certificate Margin": For each Distribution Date (i) on or
prior to the Optional Termination Date, 0.370% per annum, and (ii) following the
Optional Termination Date, 0.740% per annum.
"Class A-2 Pass-Through Rate": For each Distribution Date, a rate per
annum equal to the lesser of (a) One-Month LIBOR as of the related LIBOR
Determination Date, plus the Class A-2 Certificate Margin and (b) the Group 2
Maximum Rate Cap.
"Class A-2 Reserve Account": The trust account created and maintained
by the Trustee pursuant to Section 3.04(g) which shall be entitled "Class A-2
Reserve Account, JPMorgan Chase Bank, as Trustee, in trust for registered
Holders of the Class A-2 Certificates of the ABFC 2004-FF1 Trust, ABFC
Asset-Backed Certificates, Series 2004-FF1" and which must be an Eligible
Account. Amounts on deposit in the Class A-2 Reserve Account shall not be
invested. The Class A-2 Reserve Account shall not be an asset of any REMIC
formed under this Agreement.
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"Class A-2 Yield Maintenance Agreement": The interest rate cap
agreement between the Trustee, on behalf of the Trust, and the Class A-2 Yield
Maintenance Agreement Provider substantially in the form attached hereto as
Exhibit N. The Class A-2 Yield Maintenance Agreement shall not be an asset of
any REMIC formed under this Agreement.
"Class A-2 Yield Maintenance Agreement Payment": On each Distribution
Date through the Distribution Date in November 2006, the amount equal to the
product of (a) the excess of the lesser of (i) One-Month LIBOR and (ii) 7.63%
over the strike rate for such Distribution Date set forth on the schedule
attached to the confirmation to the Class A-2 Yield Maintenance Agreement for
such Distribution Date, (b) the product of the cap notional amount and the scale
factor, both as set forth on the schedule attached to the confirmation to the
Class A-2 Yield Maintenance Agreement for such Distribution Date and (c) a
fraction, the numerator of which is the actual number of days elapsed since the
previous Distribution Date (or the Closing Date, in the case of the first
Distribution Date) to but excluding the current Distribution Date and the
denominator of which is 360.
"Class A-2 Yield Maintenance Agreement Provider": Swiss Re Financial
Products Corporation and any successor thereto.
"Class A Certificate": Any one of the Certificates with an "A"
designated on the face thereof substantially in the form annexed hereto as
Exhibits A-1 and A-2, executed by the Trustee on behalf of the Trust and
authenticated and delivered by the Certificate Registrar, representing the right
to distributions as set forth herein and therein.
"Class A Certificateholders": Collectively, the Holders of the Class A
Certificates.
"Class CE Certificates": Any one of the Class CE Certificates as
designated on the face thereof substantially in the form annexed hereto as
Exhibit C-1, executed by the Trustee on behalf of the Trust and authenticated
and delivered by the Certificate Registrar, representing the right to
distributions as set forth herein and therein and representing an interest in
REMIC 2.
"Class CE Distributable Amount": With respect to any Distribution Date,
the sum of (i) the interest accrued on such Class CE Certificate at its
Pass-Through Rate calculated on its Notional Amount less the amount (without
duplication) of Cap Carryover Amounts paid pursuant to Section 4.02(b)(xxiv),
(ii) any remaining Aggregate Overcollateralization Release Amounts, (iii) the
aggregate of amounts remaining in the Class A-2 Reserve Account after the
distributions in Section 3.04(g)(i)(A), as specified in Section 3.04(g)(i)(C)
and (iv) the aggregate of amounts remaining in the Class M Reserve Account after
the distributions in Section 3.04(g)(i)(B), as specified in Section
3.04(g)(i)(C).
"Class M Certificate": Any one of the Certificates with an "M"
designated on the face thereof substantially in the form annexed hereto as
Exhibit X-0, Xxxxxxx X-0, Xxxxxxx X-0, Exhibit B-4, Exhibit B-5, Exhibit B-6 and
Exhibit B-7, executed by the Trustee on behalf of the Trust and authenticated
and delivered by the Certificate Registrar, representing the right to
distributions as set forth herein and therein and representing an interest in
REMIC 2.
-8-
"Class M Certificateholders": Collectively, the Holders of the Class M
Certificates.
"Class M Reserve Account": The trust account created and maintained by
the Trustee pursuant to Section 3.04(g) which shall be entitled "Class M Reserve
Account, JPMorgan Chase Bank, as Trustee, in trust for registered Holders of the
Class M Certificates of the ABFC 2004-FF1 Trust, ABFC Asset-Backed Certificates,
Series 2004-FF1" and which must be an Eligible Account. Amounts on deposit in
the Class M Reserve Account shall not be invested. The Class M Reserve Account
shall not be an asset of any REMIC formed under this Agreement.
"Class M Yield Maintenance Agreement": The interest rate cap agreement
between the Trustee, on behalf of the Trust, and the Class M Yield Maintenance
Agreement Provider substantially in the form attached hereto as Exhibit N. The
Class M Yield Maintenance Agreement shall not be an asset of any REMIC formed
under this Agreement.
"Class M Yield Maintenance Agreement Payment": On each
Distribution Date through the Distribution Date in November 2006, the amount
equal to the product of (a) the excess of the lesser of (i) One-Month LIBOR and
(ii) 7.04% over the strike rate for such Distribution Date set forth on the
schedule attached to the confirmation to the Class M Yield Maintenance Agreement
for such Distribution Date, (b) the product of the cap notional amount and the
scale factor, both as set forth on the schedule attached to the confirmation to
the Class M Yield Maintenance Agreement for such Distribution Date and (c) a
fraction, the numerator of which is the actual number of days elapsed since the
previous Distribution Date (or the Closing Date, in the case of the first
Distribution Date) to but excluding the current Distribution Date and the
denominator of which is 360.
"Class M Yield Maintenance Agreement Provider": Swiss Re Financial
Products Corporation and any successor thereto.
"Class M-1 Applied Realized Loss Amount": As to the Class M-1
Certificates and as of any Distribution Date, the lesser of (x) the Certificate
Principal Balance thereof (after taking into account the distribution of the
Principal Distribution Amount on such Distribution Date and any increase in
Certificate Principal Balance as a result of Subsequent Recoveries, but prior to
the application of the Class M-1 Applied Realized Loss Amount, if any, on such
Distribution Date) and (y) the excess of (i) the Applied Realized Loss Amount as
of such Distribution Date over (ii) the sum of the Class M-2 Applied Realized
Loss Amount, the Class M-3 Applied Realized Loss Amount, the Class M-4 Applied
Realized Loss Amount, the Class M-5 Applied Realized Loss Amount, the Class M-6
Applied Realized Loss Amount and the Class M-7 Applied Realized Loss Amount, in
each case as of such Distribution Date.
"Class M-1 Certificate Margin": For each Distribution Date (i) on or
prior to the Optional Termination Date, 0.700% per annum, and (ii) following the
Optional Termination Date, 1.050% per annum.
-9-
"Class M-1 Pass-Through Rate": For each Distribution Date, the lesser
of (a) One-Month LIBOR as of the related LIBOR Determination Date, plus the
Class M-1 Certificate Margin and (b) the Pool Maximum Rate Cap.
"Class M-1 Principal Distribution Amount": As of any Distribution Date
on or after the Stepdown Date and as long as a Trigger Event is not in effect,
the excess of (x) the sum of (i) the Certificate Principal Balances of the Class
A Certificates (after taking into account the payment of the Senior Principal
Distribution Amount on such Distribution Date) and (ii) the Certificate
Principal Balance of the Class M-1 Certificates immediately prior to such
Distribution Date over (y) the lesser of (A) the product of (i) 84.40% and (ii)
the Pool Balance as of the last day of the related Collection Period and (B) the
Pool Balance as of the last day of the related Collection Period minus the
product of 0.50% and the Cut-off Date Aggregate Principal Balance.
"Class M-1 Realized Loss Amortization Amount": As to the Class M-1
Certificates and as of any Distribution Date, the lesser of (x) the Unpaid
Realized Loss Amount for the Class M-1 Certificates as of such Distribution Date
and (y) the excess of (i) the Monthly Excess Cashflow Amount over (ii) the sum
of the amounts described in Section 4.02(b)(i) through (iv) hereof, in each case
for such Distribution Date.
"Class M-2 Applied Realized Loss Amount": As to the Class M-2
Certificates and as of any Distribution Date, the lesser of (x) the Certificate
Principal Balance thereof (after taking into account the distribution of the
Principal Distribution Amount on such Distribution Date and any increase in
Certificate Principal Balance as a result of Subsequent Recoveries, but prior to
the application of the Class M-2 Applied Realized Loss Amount, if any, on such
Distribution Date) and (y) the excess of (i) the related Applied Realized Loss
Amount as of such Distribution Date over (ii) the sum of the Class M-3 Applied
Realized Loss Amount, the Class M-4 Applied Realized Loss Amount, the Class M-5
Applied Realized Loss Amount, the Class M-6 Applied Realized Loss Amount and the
Class M-7 Applied Realized Loss Amount as of such Distribution Date.
"Class M-2 Certificate Margin": For each Distribution Date (i) on or
prior to the Optional Termination Date, 1.450% per annum, and (ii) following the
Optional Termination Date, 2.175% per annum.
"Class M-2 Pass-Through Rate": For each Distribution Date, the lesser
of (a) One-Month LIBOR as of the related LIBOR Determination Date, plus the
Class M-2 Certificate Margin and (b) the Pool Maximum Rate Cap.
"Class M-2 Principal Distribution Amount": As of any Distribution Date
on or after the Stepdown Date and as long as a Trigger Event is not in effect,
the excess of (x) the sum of (i) the Certificate Principal Balances of the Class
A Certificates (after taking into account the payment of the Senior Principal
Distribution Amount on such Distribution Date), (ii) the Certificate Principal
Balance of the Class M-1 Certificates (after taking into account the payment of
the Class M-1 Principal Distribution Amount on such Distribution Date) and (iii)
the Certificate Principal Balance of the Class M-2 Certificates immediately
prior to such Distribution Date over (y) the lesser of (A) the product of (i)
90.40% and (ii) the Pool Balance as of the last day of the related Collection
Period and (B) the Pool Balance as of the last day of the related Collection
Period minus the product of 0.50% and the Cut-off Date Aggregate Principal
Balance.
-10-
"Class M-2 Realized Loss Amortization Amount": As to the Class M-2
Certificates and as of any Distribution Date, the lesser of (x) the Unpaid
Realized Loss Amount for the Class M-2 Certificates as of such Distribution Date
and (y) the excess of (i) the Monthly Excess Cashflow Amount over (ii) the sum
of the amounts described in Section 4.02(b)(i) through (vii) hereof, in each
case for such Distribution Date.
"Class M-3 Applied Realized Loss Amount": As to the Class M-3
Certificates and as of any Distribution Date, the lesser of (x) the Certificate
Principal Balance thereof (after taking into account the distribution of the
Principal Distribution Amount on such Distribution Date and any increase in
Certificate Principal Balance as a result of Subsequent Recoveries, but prior to
the application of the Class M-3 Applied Realized Loss Amount, if any, on such
Distribution Date) and (y) the excess of (i) the related Applied Realized Loss
Amount as of such Distribution Date over (ii) the sum of the Class M-4 Applied
Realized Loss Amount, the Class M-5 Applied Realized Loss Amount, the Class M-6
Applied Realized Loss Amount and the Class M-7 Applied Realized Loss Amount as
of such Distribution Date.
"Class M-3 Certificate Margin": For each Distribution Date (i) on or
prior to the Optional Termination Date, 1.650% per annum, and (ii) following the
Optional Termination Date, 2.475% per annum.
"Class M-3 Pass-Through Rate": For each Distribution Date, the lesser
of (a) One-Month LIBOR as of the related LIBOR Determination Date, plus the
Class M-3 Certificate Margin and (b) the Pool Maximum Rate Cap.
"Class M-3 Principal Distribution Amount": As of any Distribution Date
on or after the Stepdown Date and as long as a Trigger Event is not in effect,
the excess of (x) the sum of (i) the sum of the Certificate Principal Balances
of the Class A Certificates (after taking into account the payment of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account the
payment of the Class M-1 Principal Distribution Amount on such Distribution
Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates
(after taking into account the payment of the Class M-2 Principal Distribution
Amount on such Distribution Date), and (iv) the Certificate Principal Balance of
the Class M-3 Certificates immediately prior to such Distribution Date over (y)
the lesser of (A) the product of (i) 92.40% and (ii) the Pool Balance as of the
last day of the related Collection Period and (B) the Pool Balance as of the
last day of the related Collection Period minus the product of 0.50% and the
Cut-off Date Aggregate Principal Balance.
"Class M-3 Realized Loss Amortization Amount": As to the Class M-3
Certificates and as of any Distribution Date, the lesser of (x) the Unpaid
Realized Loss Amount for the Class M-3 Certificates as of such Distribution Date
and (y) the excess of (i) the Monthly Excess Cashflow Amount over (ii) the sum
of the amounts described in Section 4.02(b)(i) through (x) hereof, in each case
for such Distribution Date.
-11-
"Class M-4 Applied Realized Loss Amount": As to the Class M-4
Certificates and as of any Distribution Date, the lesser of (x) the Certificate
Principal Balance thereof (after taking into account the distribution of the
Principal Distribution Amount on such Distribution Date and any increase in
Certificate Principal Balance as a result of Subsequent Recoveries, but prior to
the application of the Class M-4 Applied Realized Loss Amount, if any, on such
Distribution Date) and (y) the excess of (i) the related Applied Realized Loss
Amount as of such Distribution Date over (ii) the sum of the Class M-5 Applied
Realized Loss Amount, the Class M-6 Applied Realized Loss Amount and the Class
M-7 Applied Realized Loss Amount as of such Distribution Date.
"Class M-4 Certificate Margin": For each Distribution Date (i) on or
prior to the Optional Termination Date, 2.500% per annum, and (ii) following the
Optional Termination Date, 3.750% per annum.
"Class M-4 Pass-Through Rate": For each Distribution Date, the lesser
of (a) One-Month LIBOR as of the related LIBOR Determination Date, plus the
Class M-4 Certificate Margin and (b) the Pool Maximum Rate Cap.
"Class M-4 Principal Distribution Amount": As of any Distribution Date
on or after the Stepdown Date and as long as a Trigger Event is not in effect,
the excess of (x) the sum of (i) the sum of the Certificate Principal Balances
of the Class A Certificates (after taking into account the payment of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account the
payment of the Class M-1 Principal Distribution Amount on such Distribution
Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates
(after taking into account the payment of the Class M-2 Principal Distribution
Amount on such Distribution Date), (iv) the Certificate Principal Balance of the
Class M-3 Certificates (after taking into account the payment of the Class M-3
Principal Distribution Amount on such Distribution Date) and (v) the Certificate
Principal Balance of the Class M-4 Certificates immediately prior to such
Distribution Date over (y) the lesser of (A) the product of (i) 93.90% and (ii)
the Pool Balance as of the last day of the related Collection Period and (B) the
Pool Balance as of the last day of the related Collection Period minus the
product of 0.50% and the Cut-off Date Aggregate Principal Balance.
"Class M-4 Realized Loss Amortization Amount": As to the Class M-4
Certificates and as of any Distribution Date, the lesser of (x) the Unpaid
Realized Loss Amount for the Class M-4 Certificates as of such Distribution Date
and (y) the excess of (i) the Monthly Excess Cashflow Amount over (ii) the sum
of the amounts described in Section 4.02(b)(i) through (xiii) hereof, in each
case for such Distribution Date.
"Class M-5 Applied Realized Loss Amount": As to the Class M-5
Certificates and as of any Distribution Date, the lesser of (x) the Certificate
Principal Balance thereof (after taking into account the distribution of the
Principal Distribution Amount on such Distribution Date and any increase in
Certificate Principal Balance as a result of Subsequent Recoveries, but prior to
the application of the Class M-5 Applied Realized Loss Amount, if any, on such
Distribution Date) and (y) the excess of (i) the related Applied Realized Loss
Amount as of such Distribution Date over (ii) the sum of the Class M-6 Applied
Realized Loss Amount and the Class M-7 Applied Realized Loss Amount as of such
Distribution Date.
-12-
"Class M-5 Certificate Margin": For each Distribution Date (i) on or
prior to the Optional Termination Date, 3.250% per annum, and (ii) following the
Optional Termination Date, 4.875% per annum.
"Class M-5 Pass-Through Rate": For each Distribution Date, the lesser
of (a) One-Month LIBOR as of the related LIBOR Determination Date, plus the
Class M-5 Certificate Margin and (b) the Pool Maximum Rate Cap.
"Class M-5 Principal Distribution Amount": As of any Distribution Date
on or after the Stepdown Date and as long as a Trigger Event is not in effect,
the excess of (x) the sum of (i) the sum of the Certificate Principal Balances
of the Class A Certificates (after taking into account the payment of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account the
payment of the Class M-1 Principal Distribution Amount on such Distribution
Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates
(after taking into account the payment of the Class M-2 Principal Distribution
Amount on such Distribution Date), (iv) the Certificate Principal Balance of the
Class M-3 Certificates (after taking into account the payment of the Class M-3
Principal Distribution Amount on such Distribution Date), (v) the Certificate
Principal Balance of the Class M-4 Certificates (after taking into account the
payment of the Class M-4 Principal Distribution Amount on such Distribution
Date) and (vi) the Certificate Principal Balance of the Class M-5 Certificates
immediately prior to such Distribution Date over (y) the lesser of (A) the
product of (i) 95.40% and (ii) the Pool Balance as of the last day of the
related Collection Period and (B) the Pool Balance as of the last day of the
related Collection Period minus the product of 0.50% and the Cut-off Date
Aggregate Principal Balance.
"Class M-5 Realized Loss Amortization Amount": As to the Class M-5
Certificates and as of any Distribution Date, the lesser of (x) the Unpaid
Realized Loss Amount for the Class M-5 Certificates as of such Distribution Date
and (y) the excess of (i) the Monthly Excess Cashflow Amount over (ii) the sum
of the amounts described in Section 4.02(b)(i) through (xvi) hereof, in each
case for such Distribution Date.
"Class M-6 Applied Realized Loss Amount": As to the Class M-6
Certificates and as of any Distribution Date, the lesser of (x) the Certificate
Principal Balance thereof (after taking into account the distribution of the
Principal Distribution Amount on such Distribution Date and any increase in
Certificate Principal Balance as a result of Subsequent Recoveries, but prior to
the application of the Class M-6 Applied Realized Loss Amount, if any, on such
Distribution Date) and (y) the Class M-7 Applied Realized Loss Amount as of such
Distribution Date.
"Class M-6 Certificate Margin": For each Distribution Date (i) on or
prior to the Optional Termination Date, 3.500% per annum, and (ii) following the
Optional Termination Date, 5.250% per annum.
"Class M-6 Pass-Through Rate": For each Distribution Date, the lesser
of (a) One-Month LIBOR as of the related LIBOR Determination Date, plus the
Class M-6 Certificate Margin and (b) the Pool Maximum Rate Cap.
-13-
"Class M-6 Principal Distribution Amount": As of any Distribution Date
on or after the Stepdown Date and as long as a Trigger Event is not in effect,
the excess of (x) the sum of (i) the sum of the Certificate Principal Balances
of the Class A Certificates (after taking into account the payment of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account the
payment of the Class M-1 Principal Distribution Amount on such Distribution
Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates
(after taking into account the payment of the Class M-2 Principal Distribution
Amount on such Distribution Date), (iv) the Certificate Principal Balance of the
Class M-3 Certificates (after taking into account the payment of the Class M-3
Principal Distribution Amount on such Distribution Date), (v) the Certificate
Principal Balance of the Class M-4 Certificates (after taking into account the
payment of the Class M-4 Principal Distribution Amount on such Distribution
Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates
(after taking into account the payment of the Class M-5 Principal Distribution
Amount on such Distribution Date) and (vii) the Certificate Principal Balance of
the Class M-6 Certificates immediately prior to such Distribution Date over (y)
the lesser of (A) the product of (i) 96.40% and (ii) the Pool Balance as of the
last day of the related Collection Period and (B) the Pool Balance as of the
last day of the related Collection Period minus the product of 0.50% and the
Cut-off Date Aggregate Principal Balance.
"Class M-6 Realized Loss Amortization Amount": As to the Class M-6
Certificates and as of any Distribution Date, the lesser of (x) the Unpaid
Realized Loss Amount for the Class M-6 Certificates as of such Distribution Date
and (y) the excess of (i) the Monthly Excess Cashflow Amount over (ii) the sum
of the amounts described in Section 4.02(b)(i) through (xix) hereof, in each
case for such Distribution Date.
"Class M-7 Applied Realized Loss Amount": As to the Class M-7
Certificates and as of any Distribution Date, the lesser of (x) the Certificate
Principal Balance thereof (after taking into account the distribution of the
Principal Distribution Amount on such Distribution Date and any increase in
Certificate Principal Balance as a result of Subsequent Recoveries, but prior to
the application of the Class M-7 Applied Realized Loss Amount, if any, on such
Distribution Date) and (y) the Applied Realized Loss Amount as of such
Distribution Date.
"Class M-7 Certificate Margin": For each Distribution Date (i) on or
prior to the Optional Termination Date, 3.500% per annum, and (ii) following the
Optional Termination Date, 5.250% per annum.
"Class M-7 Pass-Through Rate": For each Distribution Date, the lesser
of (a) One-Month LIBOR as of the related LIBOR Determination Date, plus the
Class M-7 Certificate Margin and (b) the Pool Maximum Rate Cap.
"Class M-7 Principal Distribution Amount": As of any Distribution Date
on or after the Stepdown Date and as long as a Trigger Event is not in effect,
the excess of (x) the sum of (i) the sum of the Certificate Principal Balances
of the Class A Certificates (after taking into account the payment of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account the
payment of the Class M-1 Principal Distribution Amount on such Distribution
Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates
(after taking into account the payment of the Class M-2 Principal Distribution
Amount on such Distribution Date), (iv) the Certificate Principal Balance of the
Class M-3 Certificates (after taking into account the payment of the Class M-3
Principal Distribution Amount on such Distribution Date), (v) the Certificate
Principal Balance of the Class M-4 Certificates (after taking into account the
payment of the Class M-4 Principal Distribution Amount on such Distribution
Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates
(after taking into account the payment of the Class M-5 Principal Distribution
Amount on such Distribution Date), (vii) the Certificate Principal Balance of
the Class M-6 Certificates (after taking into account the payment of the Class
M-6 Principal Distribution Amount on such Distribution Date) and (viii) the
Certificate Principal Balance of the Class M-7 Certificates the immediately
prior to such Distribution Date over (y) the lesser of (A) the product of (i)
97.80% and (ii) the Pool Balance as of the last day of the related Collection
Period and (B) the Pool Balance as of the last day of the related Collection
Period minus the product of 0.50% and the Cut-off Date Aggregate Principal
Balance.
-14-
"Class M-7 Realized Loss Amortization Amount": As to the Class M-7
Certificates and as of any Distribution Date, the lesser of (x) the Unpaid
Realized Loss Amount for the Class M-7 Certificates as of such Distribution Date
and (y) the excess of (i) the Monthly Excess Cashflow Amount over (ii) the sum
of the amounts described in Section 4.02(b)(i) through (xxii) hereof, in each
case for such Distribution Date.
"Class P Certificate": Any one of the Certificates with a "P"
designated on the face thereof substantially in the form annexed hereto as
Exhibit C-2, executed by the Trustee on behalf of the Trust and authenticated
and delivered by the Certificate Registrar, representing the right to
distributions as set forth herein and therein and representing an interest in
the Grantor Trust.
"Class R Certificate": The Class R Certificate executed by the Trustee
on behalf of the Trust, and authenticated and delivered by the Certificate
Registrar, substantially in the form annexed hereto as Exhibit C-3 and
evidencing the ownership of the Residual Interest in each of REMIC 1 and REMIC
2. The Class R Certificate represents the ownership of the Class R-1 Interest
and the Class R-2 Interest.
"Class R-1 Interest": The uncertificated residual interest in REMIC 1.
"Class R-2 Interest": The uncertificated residual interest in REMIC 2.
"Closing Date": July 30, 2004.
"Code": The Internal Revenue Code of 1986, as it may be amended from
time to time.
"Collection Accounts": The accounts created and maintained by the
Servicer pursuant to Section 3.04, the first of which (referred to herein as the
"Trust Collection Account") shall be entitled "Collection Account, Countrywide
Home Loans Servicing LP, as Servicer for the Trust under the Pooling and
Servicing Agreement dated as of July 1, 2004, among Asset Backed Funding
Corporation, as Depositor, Countrywide Home Loans Servicing LP, as Servicer, and
JPMorgan Chase Bank, as Trustee, in trust for registered Holders of ABFC
2004-FF1 Trust, ABFC Asset-Backed Certificates, Series 2004-FF1," and the second
of which (referred to herein as the "DA Reserve Account") shall be entitled "DA
Reserve Account, Countrywide Home Loans Servicing LP, as Servicer for the Trust
under the Pooling and Servicing Agreement dated as of July 1, 2004, among Asset
Backed Funding Corporation, as Depositor, Countrywide Home Loans Servicing LP,
as Servicer, and JPMorgan Chase Bank, as Trustee, in trust for registered
holders of ABFC 2004-FF1 Trust, ABFC Asset Backed Certificates, Series 2004-FF1
and various Mortgagers under the DA Dividend Program," and each of which must be
an Eligible Account.
-15-
"Collection Period": With respect to any Distribution Date, the period
from the second day of the calendar month preceding the month in which such
Distribution Date occurs through the first day of the month in which such
Distribution Date occurs.
"Compensating Interest": As defined in Section 3.23 hereof.
"Condemnation Proceeds": All awards or settlements in respect of a
taking of a Mortgaged Property by exercise of the power of eminent domain or
condemnation.
"Corporate Trust Office": The principal corporate trust office of the
Trustee at which at any particular time its corporate trust business in
connection with this Agreement shall be administered, which office at the date
of the execution of this instrument is located at 0 Xxx Xxxx Xxxxx, 0xx Xxxxx,
Xxx Xxxx, Xxx Xxxx 00000-0000, Attention: Institutional Trust Services/Global
Debt--ABFC 2004-FF1 or at such other address as the Trustee may designate from
time to time by notice to the Certificateholders, the Depositor and the
Servicer.
"Corresponding Classes": With respect to REMIC 1 and REMIC 2, the
following Classes shall be Corresponding Classes:
------------------------------------------------------------ ---------------------------------------------------------
CORRESPONDING REMIC 2 CLASSES
CORRESPONDING REMIC 1 CLASSES
------------------------------------------------------------ ---------------------------------------------------------
------------------------------------------------------------ ---------------------------------------------------------
LT1A1 Class A-1 Certificates
------------------------------------------------------------ ---------------------------------------------------------
LT1A2 Class A-2 Certificates
------------------------------------------------------------ ---------------------------------------------------------
LT1M1 Class M-1 Certificates
------------------------------------------------------------ ---------------------------------------------------------
LT1M2 Class M-2 Certificates
------------------------------------------------------------ ---------------------------------------------------------
LT1M3 Class M-3 Certificates
------------------------------------------------------------ ---------------------------------------------------------
LT1M4 Class M-4 Certificates
------------------------------------------------------------ ---------------------------------------------------------
LT1M5 Class M-5 Certificates
------------------------------------------------------------ ---------------------------------------------------------
LT1M6 Class M-6 Certificates
------------------------------------------------------------ ---------------------------------------------------------
LT1M7 Class M-7 Certificates
------------------------------------------------------------ ---------------------------------------------------------
-16-
"Credit Risk Manager": The Murrayhill Company, a Colorado corporation.
"Credit Risk Manager Fee": The fee payable to the Credit Risk Manager
on each Distribution Date for its services as Credit Risk Manager, in an amount
equal to the product of (i) one-twelfth of the Credit Risk Manager Fee Rate and
(ii) the Pool Balance as of the opening of business on the first day of the
related Collection Period.
"Credit Risk Manager Fee Rate": With respect to any Distribution Date,
0.0165% per annum.
"Credit Risk Management Agreement": The Credit Risk Management
Agreement between the Servicer and the Credit Risk Manager dated as of July 30,
2004.
"Cut-off Date": July 1, 2004.
"Cut-off Date Aggregate Principal Balance": The aggregate of the
Cut-off Date Principal Balances of the Mortgage Loans.
"Cut-off Date Principal Balance": With respect to any Mortgage Loan,
the unpaid principal balance thereof as of the Cut-off Date after application of
funds received or advanced on or before such date (or as of the applicable date
of substitution with respect to an Eligible Substitute Mortgage Loan).
"DA Anniversary Dates": With respect to a DAD Mortgage Loan, each of
the first four yearly anniversary dates of the due date of the first Monthly
Payment due on such Mortgage Loan.
"DA Dividend": With respect to a DAD Mortgage Loan, that amount of the
Monthly Payment derived from interest collections determined in accordance with
the following formula:
Monthly DA = DA Dividend Rate of the DAD Mortgage Loan x interest collections on the DAD Mortgage Loan received
Dividend Mortgage Interest Rate in effect during the by the Servicer in the immediately preceding Collection
immediately preceding Collection Period Period
"DA Dividend Rate": The percentage rate set forth in the following
table taking into account the DA Anniversary Date and the Rate Type of the DAD
Mortgage Loan:
-17-
------------------------ -------------------------- ----------------------------
RATE TYPE RATE TYPE
------------------------ -------------------------- ----------------------------
DA Anniversary Date 2/28 LIBOR 3/27 LIBOR
------------------------ -------------------------- ----------------------------
1 0.25% 0.25%
------------------------ -------------------------- ----------------------------
2 0.25% 0.25%
------------------------ -------------------------- ----------------------------
3 1.00% 0.25%
------------------------ -------------------------- ----------------------------
4 0.25% 1.00%
------------------------ -------------------------- ----------------------------
"DA Forfeiture Event": Any of the following events associated with a
DAD Mortgage Loan: (i) prepayment of the DAD Mortgage Loan in full prior to any
of its DA Anniversary Dates; (ii) any acceleration of payments due under the DAD
Mortgage Loan instituted by the Servicer or the Trustee, which acceleration
remains in effect on a DA Anniversary Date; (iii) the occurrence of a payment
default under the DAD Mortgage Loan, which default is continuing on a DA
Anniversary Date; or (iv) the failure of the Mortgagor to make a scheduled
Monthly Payment in full on a DAD Mortgage Loan by the 17th day of the month in
which a DA Anniversary Date of the DAD Mortgage Loan occurs.
"DA Reserve Account": A Custodial Account established and maintained by
the Servicer pursuant to Section 3.04 for the purpose of depositing any Direct
Access Dividends collected under the DAD Mortgage Loans.
"DAD": The Direct Access Dividend Program of the Originator.
"DAD Mortgage Loan": A Mortgage Loan originated under and qualifying
for DA Dividends under the DAD.
"Debt Service Reduction": With respect to any Mortgage Loan, a
reduction in the scheduled Monthly Payment for such Mortgage Loan by a court of
competent jurisdiction in a proceeding under the Bankruptcy Code, except such a
reduction resulting from a Deficient Valuation.
"Defective Mortgage Loan": A Mortgage Loan replaced or to be replaced
by one or more Eligible Substitute Mortgage Loans.
"Deficient Valuation": With respect to any Mortgage Loan, a valuation
of the related Mortgaged Property by a court of competent jurisdiction in an
amount less than the then outstanding principal balance of the Mortgage Loan,
which valuation results from a proceeding initiated under the Bankruptcy Code.
"Definitive Certificates": As defined in Section 5.02(c) hereof.
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"Delinquent": Any Mortgage Loan with respect to which the Monthly
Payment due on a Due Date is not made by the close of business on the next
scheduled Due Date for such Mortgage Loan.
"Depositor": Asset Backed Funding Corporation, a Delaware corporation,
or any successor in interest.
"Depository": The initial depository shall be The Depository Trust
Company, whose nominee is Cede & Co., or any other organization registered as a
"clearing agency" pursuant to Section 17A of the Exchange Act. The Depository
shall initially be the registered Holder of the Book-Entry Certificates. The
Depository shall at all times be a "clearing corporation" as defined in Section
8-102(3) of the Uniform Commercial Code of the State of New York.
"Depository Participant": A broker, dealer, bank or other financial
institution or other person for whom from time to time a Depository effects
book-entry transfers and pledges of securities deposited with the Depository.
"Determination Date": With respect to any Distribution Date, the 15th
day of the calendar month in which such Distribution Date occurs or, if such
15th day is not a Business Day, the Business Day immediately preceding such 15th
day.
"Directly Operate": With respect to any REO Property, the furnishing or
rendering of services to the tenants thereof, the management or operation of
such REO Property, the holding of such REO Property primarily for sale to
customers, the performance of any construction work thereon or any use of such
REO Property in a trade or business conducted by the Trust other than through an
Independent Contractor; provided, however, that the Trustee (or the Servicer
under this Agreement) shall not be considered to Directly Operate an REO
Property solely because the Trustee (or the Servicer under this Agreement)
establishes rental terms, chooses tenants, enters into or renews leases, deals
with taxes and insurance, or makes decisions as to repairs or capital
expenditures with respect to such REO Property.
"Disqualified Organization": A "disqualified organization" under
Section 860E of the Code, which as of the Closing Date is any of: (i) the United
States, any state or political subdivision thereof, any possession of the United
States, any foreign government, any international organization, or any agency or
instrumentality of any of the foregoing, (ii) any organization (other than a
cooperative described in Section 521 of the Code) which is exempt from the tax
imposed by Chapter 1 of the Code unless such organization is subject to the tax
imposed by Section 511 of the Code, (iii) any organization described in Section
1381(a)(2)(C) of the Code, or (iv) any other Person so designated by the Trustee
based upon an Opinion of Counsel provided by nationally recognized counsel to
the Trustee that the holding of an ownership interest in the Class R Certificate
by such Person may cause the Trust Fund or any Person having an ownership
interest in any Class of Certificates (other than such Person) to incur
liability for any federal tax imposed under the Code that would not otherwise be
imposed but for the transfer of an ownership interest in the Class R Certificate
to such Person. A corporation will not be treated as an instrumentality of the
United States or of any state or political subdivision thereof if all of its
activities are subject to tax and a majority of its board of directors is not
selected by a governmental unit. The term "United States," "state" and
"international organization" shall have the meanings set forth in Section 7701
of the Code.
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"Distribution Account": The trust account or accounts created and
maintained by the Trustee pursuant to Section 3.04(b) which shall be entitled
"Distribution Account, JPMorgan Chase Bank, as Trustee, in trust for the
registered Holders of ABFC 2004-FF1 Trust, ABFC Asset-Backed Certificates,
Series 2004-FF1" and which must be an Eligible Account.
"Distribution Date": The 25th day of any calendar month, or if such
25th day is not a Business Day, the Business Day immediately following such 25th
day, commencing in August 2004.
"Distribution Date Statement": As defined in Section 4.06(a) hereof.
"Due Date": With respect to each Mortgage Loan and any Distribution
Date, the day of the calendar month in which such Distribution Date occurs on
which the Monthly Payment for such Mortgage Loan was due, exclusive of any grace
period.
"Eligible Account": Any of (i) an account or accounts maintained with a
federal or state chartered depository institution or trust company the
short-term unsecured debt obligations of which (or, in the case of a depository
institution or trust company that is the principal subsidiary of a holding
company, the short-term unsecured debt obligations of such holding company) are
rated "A-1+" by S&P and "F-1+" by Fitch (or comparable ratings if S&P and Fitch
are not the Rating Agencies) by each of the Rating Agencies at the time any
amounts are held on deposit therein, (ii) an account or accounts the deposits in
which are fully insured by the FDIC, (iii) a trust account or accounts
maintained with the trust department of a federal or state chartered depository
institution, national banking association or trust company acting in its
fiduciary capacity or (iv) an account otherwise acceptable to each Rating Agency
without reduction or withdrawal of their then current ratings of the
Certificates as evidenced by a letter from each Rating Agency to the Trustee and
the NIMS Insurer. Eligible Accounts may bear interest.
"Eligible Investments": Any one or more of the following obligations or
securities acquired at a purchase price of not greater than par, regardless of
whether issued or managed by the Depositor, the Servicer, the NIMS Insurer, the
Trustee or any of their respective Affiliates or for which an Affiliate of the
Trustee serves as an advisor:
(i) direct obligations of, or obligations fully guaranteed as
to timely payment of principal and interest by, the United States or
any agency or instrumentality thereof, provided such obligations are
backed by the full faith and credit of the United States;
(ii) (A) demand and time deposits in, certificates of deposit
of, bankers' acceptances issued by or federal funds sold by any
depository institution or trust company (including the Trustee or its
agents acting in their respective commercial capacities) incorporated
under the laws of the United States of America or any state thereof and
subject to supervision and examination by federal and/or state
authorities, so long as, at the time of such investment or contractual
commitment providing for such investment, such depository institution
or trust company or its ultimate parent has a short-term uninsured debt
rating in one of the two highest available rating categories of S&P and
the highest available rating category of Fitch and provided that each
such investment has an original maturity of no more than 365 days and
(B) any other demand or time deposit or deposit which is fully insured
by the FDIC;
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(iii) repurchase obligations with a term not to exceed 30 days
with respect to any security described in clause (i) above and entered
into with a depository institution or trust company (acting as
principal) rated "A" or higher by S&P and "A+" or higher by Fitch,
provided, however, that collateral transferred pursuant to such
repurchase obligation must be of the type described in clause (i) above
and must (A) be valued daily at current market prices plus accrued
interest or (B) pursuant to such valuation, be equal, at all times, to
105% of the cash transferred by the Trustee in exchange for such
collateral and (C) be delivered to the Trustee or, if the Trustee is
supplying the collateral, an agent for the Trustee, in such a manner as
to accomplish perfection of a security interest in the collateral by
possession of certificated securities;
(iv) securities bearing interest or sold at a discount that
are issued by any corporation incorporated under the laws of the United
States of America or any State thereof and that are rated by each
Rating Agency in its highest long-term unsecured rating categories at
the time of such investment or contractual commitment providing for
such investment;
(v) commercial paper (including both non-interest-bearing
discount obligations and interest-bearing obligations payable on demand
or on a specified date not more than 30 days after the date of
acquisition thereof) that is rated by each Rating Agency in its highest
short-term unsecured debt rating available at the time of such
investment;
(vi) units of money market funds registered under the
Investment Company Act of 1940 (including funds managed or advised by
the Trustee or affiliates thereof) that, if rated by each Rating
Agency, are rated in its highest rating category (if so rated by such
Rating Agency); and
(vii) if previously confirmed in writing to the Trustee and
consented to by the NIMS Insurer, any other demand, money market or
time deposit, or any other obligation, security or investment, as may
be acceptable to the Rating Agencies in writing as an eligible
investment of funds backing securities having ratings equivalent to its
highest initial rating of the Senior Certificates;
provided, that no instrument described hereunder shall evidence either the right
to receive (a) only interest with respect to the obligations underlying such
instrument or (b) both principal and interest payments derived from obligations
underlying such instrument and the interest and principal payments with respect
to such instrument provide a yield to maturity at par greater than 120% of the
yield to maturity at par of the underlying obligations.
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"Eligible Substitute Mortgage Loan": A mortgage loan substituted for a
Defective Mortgage Loan pursuant to the terms of this Agreement which must, on
the date of such substitution, (i) have an outstanding principal balance, after
application of all scheduled payments of principal and interest due during or
prior to the month of substitution, not in excess of, and not more than 5% less
than, the outstanding principal balance of the Defective Mortgage Loan as of the
Due Date in the calendar month during which the substitution occurs, (ii) have
the same Due Date as the Defective Mortgage Loan, (iii) have a Maximum Mortgage
Interest Rate not less than the Maximum Mortgage Interest Rate for the Defective
Mortgage Loan, (iv) have a Minimum Mortgage Interest Rate not less than the
Minimum Mortgage Interest Rate of the Defective Mortgage Loan, (v) have a Gross
Margin equal to or greater than the Gross Margin of the Defective Mortgage Loan,
(vi) have the same Index as the Defective Mortgage Loan, (vii) have a next
Adjustment Date not more than two months later than the next Adjustment Date on
the Defective Mortgage Loan, an Eligible Substitute Mortgage Loan must have all
Adjustment Dates occurring during the same Interest Accrual Period during which
Adjustment Dates occur with respect to the substituted Mortgage Loan, (viii)
have a remaining term to maturity not greater than (and not more than one year
less than) that of the Defective Mortgage Loan, (ix) be current as of the date
of substitution, (x) have a Loan-to-Value Ratio as of the date of substitution
equal to or lower than the Loan-to-Value Ratio of the Defective Mortgage Loan as
of such date, (xi) have a risk grading at least equal to the risk grading
assigned on the Defective Mortgage Loan, (xii) have been underwritten or
reunderwritten in accordance with the same underwriting criteria and guidelines
as the Defective Mortgage Loan, (xiii) have the same lien priority as the
Defective Mortgage Loan, (xiv) have a Prepayment Charge at least equal in amount
and duration of that of the Defective Mortgage Loan and (xv) conform to each
representation and warranty set forth in Section 3.02 of the Originator Mortgage
Loan Purchase Agreement and Section 3.01 of the Mortgage Loan Purchase Agreement
applicable to the Defective Mortgage Loan. In the event that one or more
mortgage loans are substituted for one or more Defective Mortgage Loans, the
amounts described in clause (i) hereof shall be determined on the basis of
aggregate principal balance, the risk gradings described in clause (xi) hereof
shall be satisfied as to each such mortgage loan, the terms described in clause
(viii) hereof shall be determined on the basis of weighted average remaining
term to maturity, the Loan-to-Value Ratios described in clause (x) hereof shall
be satisfied as to each such mortgage loan and, except to the extent otherwise
provided in this sentence, the representations and warranties described in
clause (xv) hereof must be satisfied as to each Eligible Substitute Mortgage
Loan or in the aggregate, as the case may be. Any Defective Mortgage Loan that
is a Group 1 Mortgage Loan or Group 2 Mortgage Loan must be replaced by an
Eligible Substitute Mortgage Loan that will be a Group 1 Mortgage Loan or Group
2 Mortgage Loan, as applicable.
"ERISA": The Employee Retirement Income Security Act of 1974, as
amended.
"ERISA-Restricted Certificates": Any of the Class CE, Class P and Class
R Certificates, and any Class of Certificates that no longer satisfies the
applicable ratings requirement of Prohibited Transaction Exemption 2002-41, 67
Fed. Reg. 54487 (August 22, 2002).
"Escrow Account": The account or accounts created and maintained
pursuant to Section 3.06.
"Escrow Payments": The amounts constituting ground rents, taxes,
assessments, water rates, mortgage insurance premiums, fire and hazard insurance
premiums and other payments required to be escrowed by the Mortgagor with the
mortgagee pursuant to any Mortgage Loan.
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"Estate in Real Property": A fee simple estate in a parcel of real
property.
"Exchange Act": The Securities Exchange Act of 1934, as amended.
"Expense Fee Rate": The sum of (i) the Trustee Fee Rate, (ii) the
Servicing Fee Rate, (iii) the Credit Risk Manager Fee Rate and (iv) with respect
to each DAD Mortgage Loan, the DA Dividend Rate.
"Extended Period": As defined in Section 9.04(b).
"Extra Principal Distribution Amount": As of any Distribution Date, the
lesser of (x) the Monthly Excess Interest Amount for such Distribution Date and
(y) the Overcollateralization Deficiency for such Distribution Date.
"FDIC": Federal Deposit Insurance Corporation or any successor thereto.
"Fidelity Bond": Shall have the meaning assigned thereto in Section
3.12.
"Final Recovery Determination": With respect to any defaulted Mortgage
Loan or any REO Property (other than a Mortgage Loan or REO Property (i)
purchased by the Originator or the Seller pursuant to or as contemplated by
Section 2.03, (ii) purchased by the Servicer pursuant to Section 3.16 or (iii)
purchased by the Majority Class CE Certificateholders or the Servicer pursuant
to Section 10.01), a determination made by the Servicer that all Insurance
Proceeds, Condemnation Proceeds, Liquidation Proceeds and other payments or
recoveries which the Servicer, in its reasonable good faith judgment, expects to
be finally recoverable in respect thereof have been so recovered. The Servicer
shall maintain records, prepared by a Servicing Officer, of each Final Recovery
Determination made thereby.
"Fitch": Fitch Ratings and its successors, and if such company shall
for any reason no longer perform the functions of a securities rating agency,
"Fitch" shall be deemed to refer to any other "nationally recognized statistical
rating organization" as set forth on the most current list of such organizations
released by the Securities and Exchange Commission.
"Foreclosure Price": The amount reasonably expected to be received from
the sale of the related Mortgaged Property net of any expenses associated with
foreclosure proceedings.
"Form 10-K": As defined in Section 3.31(a) hereof.
"Grantor Trust": That portion of the Trust exclusive of REMIC 1 and
REMIC 2 consisting of (a) the Prepayment Charges, any Originator Prepayment
Charge Payment Amounts and any Servicer Prepayment Charge Payment Amounts and
the right of the Class P Certificateholders to receive such Prepayment Charges,
Originator Prepayment Charge Payment Amounts and Servicer Prepayment Charge
Payment Amounts, (b) the right of the Offered Certificates to receive Cap
Carryover Amounts, (c) each Yield Maintenance Agreement, the Reserve Accounts
and the beneficial interest of the Class CE Certificates with respect thereto
and (d) the obligation of the Class CE Certificates to pay Cap Carryover
Amounts.
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"Gross Margin": With respect to each Mortgage Loan, the fixed
percentage set forth in the related Mortgage Note that is added to the Index on
each Adjustment Date in accordance with the terms of the related Mortgage Note
used to determine the Mortgage Interest Rate for such Mortgage Loan.
"Group 1 Cap": As of any Distribution Date and the Class A-1
Certificates, a per annum rate, adjusted by multiplying such rate by a fraction
equal to 30 over the actual number of days in the related Interest Accrual
Period, equal to the Weighted Average Net Mortgage Rate for the Group 1 Mortgage
Loans. For federal income tax purposes, the economic equivalent of such rate
shall be expressed as the weighted average of the Uncertificated REMIC 1
Pass-Through Rate on REMIC 1 Regular Interest LT1GRP, weighted on the basis of
the Uncertificated Balance of such REMIC 1 Regular Interest.
"Group 1 Interest Remittance Amount": As of any Distribution Date, the
sum, without duplication, of (i) all interest due and collected or advanced with
respect to the related Collection Period on the Group 1 Mortgage Loans received
by the Servicer on or prior to the Determination Date for such Distribution Date
(less (A) the Servicing Fee, (B) amounts available for reimbursement of Advances
and Servicing Advances pursuant to Section 3.05, (C) expenses reimbursable
pursuant to Section 6.03 and (D) amounts constituting DA Dividends refundable to
Mortgagors of DAD Mortgage Loans pursuant to Section 3.05(b)), (ii) all
Compensating Interest paid by the Servicer on the related Distribution Date with
respect to such Mortgage Loans, (iii) the portion of any payment in connection
with any Principal Prepayment), substitution, Purchase Price, Termination Price,
Insurance Proceeds or Net Liquidation Proceeds relating to interest with respect
to such Mortgage Loans received during the related Prepayment Period and (iv)
the portion of any Reimbursement Amount relating to such Mortgage Loans received
during the related Prepayment Period.
"Group 1 Maximum Rate Cap": With respect to any Distribution Date and
for the Class A-1 Certificates, a per annum rate, adjusted by multiplying such
rate by a fraction equal to 30 over the actual number of days in the related
Interest Accrual Period, equal to the average of the Net Maximum Mortgage
Interest Rates of the Group 1 Mortgage Loans, weighted on the basis of the
Principal Balances of the Group 1 Mortgage Loans as of the first day of the
related Collection Period.
"Group 1 Mortgage Loan": Each Mortgage Loan listed on Exhibit D-1
hereto. Each Group 1 Mortgage Loan had, as of the Cut-off Date, a Principal
Balance that conforms to Xxxxxx Xxx and Xxxxxxx Mac guidelines.
"Group 1 Principal Percentage": With respect to any Distribution Date
and the Class A-1 Certificates, the percentage equivalent to a fraction, the
numerator of which is the Principal Remittance Amount allocable to the Group 1
Mortgage Loans for such Distribution Date and the denominator of which is the
Principal Remittance Amount allocable to the Mortgage Loans for such
Distribution Date.
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"Group 1 Senior Principal Distribution Amount": With respect to any
Distribution Date, (i) before the Stepdown Date or as to which a Trigger Event
is in effect, the lesser of (a) the Certificate Principal Balance of the Class
A-1 Certificates immediately prior to such Distribution Date and (b) the Group 1
Principal Percentage of the Principal Distribution Amount and (ii) on or after
the Stepdown Date and as long as a Trigger Event is not in effect, the excess of
(a) the Certificate Principal Balance of the Class A-1 Certificates immediately
prior to such Distribution Date over (b) the lesser of (x) the product of (1)
71.90% and (2) the aggregate Principal Balance of the Group 1 Mortgage Loans as
of the last day of the related Collection Period and (y) the amount by which the
aggregate Principal Balance of the Group 1 Mortgage Loans as of the last day of
the related Collection Period exceeds the product of (1) 0.50% and (2) the
aggregate Principal Balance of the Group 1 Mortgage Loans on the Cut-off Date.
"Group 2 Cap": As of any Distribution Date and the Class A-2
Certificates, a per annum rate, adjusted by multiplying such rate by a fraction
equal to 30 over the actual number of days in the related Interest Accrual
Period, equal to the Weighted Average Net Mortgage Rate for the Group 2 Mortgage
Loans. For federal income tax purposes, the economic equivalent of such rate
shall be expressed as the weighted average of the Uncertificated REMIC 1
Pass-Through Rate on REMIC 1 Regular Interest LT2GRP, weighted on the basis of
the Uncertificated Balance of such REMIC 1 Regular Interest.
"Group 2 Interest Remittance Amount": As of any Distribution Date, the
sum, without duplication, of (i) all interest due and collected or advanced with
respect to the related Collection Period on the Group 2 Mortgage Loans received
by the Servicer on or prior to the Determination Date for such Distribution Date
(less (A) the Servicing Fee, (B) amounts available for reimbursement of Advances
and Servicing Advances pursuant to Section 3.05, (C) expenses reimbursable
pursuant to Section 6.03, and (D) amounts constituting DA Dividends refundable
to Mortgagors of DAD Mortgage Loans pursuant to Section 3.05(b)), (ii) all
Compensating Interest paid by the Servicer on the related Distribution Date with
respect to such Mortgage Loans, (iii) the portion of any payment in connection
with any Principal Prepayment, substitution, Purchase Price, Termination Price,
Insurance Proceeds or Net Liquidation Proceeds relating to interest with respect
to such Mortgage Loans received during the related Prepayment Period and (iv)
the portion of any Reimbursement Amount relating to such Mortgage Loans received
during the related Prepayment Period.
"Group 2 Maximum Rate Cap": With respect to any Distribution Date and
for the Class A-2 Certificates, a per annum rate, adjusted by multiplying such
rate by a fraction equal to 30 over the actual number of days in the related
Interest Accrual Period, equal to the Net Maximum Mortgage Interest Rates for
the Group 2 Mortgage Loans, weighted on the basis of the Principal Balances of
the Group 2 Mortgage Loans as of the first day of the related Collection Period.
"Group 2 Mortgage Loan": Each Mortgage Loan listed on Exhibit D-2
hereto. Each Group 2 Mortgage Loan had, as of the Cut-off Date, a Principal
Balance that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac guidelines.
"Group 2 Principal Percentage": With respect to any Distribution Date
and the Class A-2 Certificates, the percentage equivalent to a fraction, the
numerator of which is the Principal Remittance Amount allocable to the Group 2
Mortgage Loans for such Distribution Date and the denominator of which is the
Principal Remittance Amount allocable to the Mortgage Loans for such
Distribution Date.
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"Group 2 Senior Principal Distribution Amount": With respect to any
Distribution Date (i) before the Stepdown Date or as to which a Trigger Event is
in effect, the lesser of (a) the Certificate Principal Balance of the Class A-2
Certificates immediately prior to such Distribution Date and (b) the Group 2
Principal Percentage of the Principal Distribution Amount and (ii) on or after
the Stepdown Date and as long as a Trigger Event is not in effect, the excess of
(a) the Certificate Principal Balance of the Class A-2 Certificates immediately
prior to such Distribution Date over (b) the lesser of (x) the product of (1)
71.90% and (2) the aggregate Principal Balance of the Group 2 Mortgage Loans as
of the last day of the related Collection Period and (y) the amount by which the
aggregate Principal Balance of the Group 2 Mortgage Loans as of the last day of
the related Collection Period exceeds the product of (1) 0.50% and (2) the
aggregate Principal Balance of the Group 2 Mortgage Loans on the Cut-off Date.
"Group Subordinate Amount" for any Distribution Date and (i) the Group
1 Mortgage Loans, will be equal to the excess of the aggregate Principal Balance
of the Group 1 Mortgage Loans as of the first day of the related Collection
Period over the Certificate Principal Balance of the Class A-1 Certificates
immediately prior to such Distribution Date and (ii) the Group 2 Mortgage Loans,
will be equal to the excess of the aggregate Principal Balance of the Group 2
Mortgage Loans as of the first day of the related Collection Period over the
Certificate Principal Balance of the Class A-2 Certificates immediately prior to
such Distribution Date.
"Indenture": An indenture relating to the issuance of net interest
margin notes secured by the Class CE Certificates and the Class P Certificates,
which may or may not be guaranteed by the NIMS Insurer.
"Independent": When used with respect to any specified Person, any such
Person who (i) is in fact independent of the Depositor, the Servicer and their
respective Affiliates, (ii) does not have any direct financial interest in or
any material indirect financial interest in the Depositor or the Servicer or any
Affiliate thereof, and (iii) is not connected with the Depositor or the Servicer
or any Affiliate thereof as an officer, employee, promoter, underwriter,
trustee, partner, director or Person performing similar functions; provided,
however, that a Person shall not fail to be Independent of the Depositor or the
Servicer or any Affiliate thereof merely because such Person is the beneficial
owner of 1% or less of any class of securities issued by the Depositor or the
Servicer or any Affiliate thereof, as the case may be.
"Independent Contractor": Either (i) any Person (other than the
Servicer) that would be an "independent contractor" with respect to the Trust
Fund within the meaning of Section 856(d)(3) of the Code if the Trust Fund were
a real estate investment trust (except that the ownership tests set forth in
that section shall be considered to be met by any Person that owns, directly or
indirectly, 35 percent or more of any Class of Certificates), so long as the
Trust Fund does not receive or derive any income from such Person and provided
that the relationship between such Person and the Trust Fund is at arm's length,
all within the meaning of Treasury Regulations Section 1.856-4(b)(5), or (ii)
any other Person (including the Servicer) if the Trustee has received an Opinion
of Counsel, which Opinion of Counsel shall be an expense of the Trust Fund, to
the effect that the taking of any action in respect of any REO Property by such
Person, subject to any conditions therein specified, that is otherwise herein
contemplated to be taken by an Independent Contractor will not cause such REO
Property to cease to qualify as "foreclosure property" within the meaning of
Section 860G(a)(8) of the Code (determined without regard to the exception
applicable for purposes of Section 860D(a) of the Code), or cause any income
realized in respect of such REO Property to fail to qualify as Rents from Real
Property.
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"Index": With respect to each Mortgage Loan and with respect to each
related Adjustment Date, the index as specified in the related Mortgage Note.
"Initial Certificate Principal Balance": With respect to any
Certificate of a Class other than a Class CE, Class P or Class R Certificate,
the amount designated "Initial Certificate Principal Balance" on the face
thereof.
"Initial Overcollateralization Amount": $7,956,015.39
"Insurance Proceeds": Proceeds of any title policy, hazard policy or
other insurance policy covering a Mortgage Loan, to the extent such proceeds are
not to be applied to the restoration of the related Mortgaged Property or
released to the Mortgagor in accordance with the procedures that the Servicer
would follow in servicing mortgage loans held for its own account, subject to
the terms and conditions of the related Mortgage Note and Mortgage.
"Interest Accrual Period": With respect to any Distribution Date and
the Offered Certificates, the period from the preceding Distribution Date to the
day prior to the current Distribution Date (or, in the case of the first
Distribution Date, the period from the Closing Date through August 25, 2004). In
the case of the REMIC 1 Regular Interests, the Interest Accrual Period shall be
the calendar month preceding the month in which the related Distribution Date
occurs.
"Interest Carry Forward Amount": For any Class of Certificates (other
than the Class CE, Class P and Class R Certificates) and any Distribution Date,
the sum of (a) the excess, if any, of the Accrued Certificate Interest and any
Interest Carry Forward Amount for the prior Distribution Date, over the amount
in respect of interest actually distributed on such Class on such prior
Distribution Date and (b) interest on such excess at the applicable Certificate
Interest Rate for the actual number of days elapsed on the basis of a 360-day
year since the prior Distribution Date.
"Interest Percentage": With respect to any Class of Certificates and
any Distribution Date, the ratio (expressed as a decimal carried to six places)
of the Accrued Certificate Interest for such Class to the sum of the Accrued
Certificate Interest for all Classes, in each case with respect to such
Distribution Date, without regard to Relief Act Interest Shortfalls.
"Interest Remittance Amount": As of any Determination Date, the sum of
the Group 1 Interest Remittance Amount and the Group 2 Interest Remittance
Amount.
"Late Collections": With respect to any Mortgage Loan, all amounts
received subsequent to the Determination Date immediately following any related
Collection Period, whether as late payments of Monthly Payments or as Insurance
Proceeds, Condemnation Proceeds, Liquidation Proceeds or otherwise, which
represent late payments or collections of principal and/or interest due (without
regard to any acceleration of payments under the related Mortgage and Mortgage
Note) but delinquent on a contractual basis for such Collection Period and not
previously recovered.
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"LIBOR Business Day": Any day on which banks in London,
England and The City of New York are open and conducting transactions in foreign
currency and exchange.
"LIBOR Determination Date": With respect to the Offered Certificates,
(i) for the first Distribution Date, the second LIBOR Business Day preceding the
Closing Date and (ii) for each subsequent Distribution Date, the second LIBOR
Business Day prior to the immediately preceding Distribution Date.
"Liquidated Mortgage Loan": As to any Distribution Date, any Mortgage
Loan in respect of which the Servicer has determined, in accordance with the
servicing procedures specified herein, as of the end of the related Prepayment
Period, that all Liquidation Proceeds, Condemnation Proceeds and Insurance
Proceeds which it expects to recover with respect to the liquidation of the
Mortgage Loan or disposition of the related REO Property have been recovered.
"Liquidation Proceeds": The amount (other than amounts received in
respect of the rental of any REO Property prior to REO Disposition) received by
the Servicer in connection with (i) the taking of all or a part of a Mortgaged
Property by exercise of the power of eminent domain or condemnation or (ii) the
liquidation of a defaulted Mortgage Loan by means of a trustee's sale,
foreclosure sale or otherwise.
"Liquidation Report": The report with respect to a Liquidated Mortgage
Loan in such form as is agreed to by the Servicer and the Trustee listing (i)
the sale price of the related Mortgaged Property or amount of the REO
Disposition, (ii) the amount of any Realized Loss (or gain) with respect to such
Liquidated Mortgage Loan, (iii) the expenses relating to the liquidation of such
Liquidated Mortgage Loan and (iv) such other information as is agreed to by the
Servicer and the Trustee.
"Loan Group": Either of Loan Group 1 or Loan Group 2.
"Loan Group 1": The Group 1 Mortgage Loans.
"Loan Group 2": The Group 2 Mortgage Loans.
"Loan-to-Value Ratio": For any Mortgage Loan, the fraction, expressed
as a percentage, the numerator of which is the Principal Balance of the Mortgage
Loan at origination the denominator of which is the Value of the related
Mortgaged Property.
"Losses": As defined in Section 9.03.
"Lost Note Affidavit": With respect to any Mortgage Loan as to which
the original Mortgage Note has been permanently lost or destroyed and has not
been replaced, an affidavit from the Seller certifying that the original
Mortgage Note has been lost, misplaced or destroyed (together with a copy of the
related Mortgage Note and indemnifying the Trust against any loss, cost or
liability resulting from the failure to deliver the original Mortgage Note) in
the form of Exhibit H hereto.
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"Majority Certificateholders": The Holders of Certificates evidencing
at least 51% of the Voting Rights.
"Majority Class CE Certificateholders": The Holders of Class CE
Certificates evidencing at least a 51% Percentage Interest in the Class CE
Certificates.
"Marker Rate": With respect to the Class CE Certificates and any
Distribution Date, a per annum rate equal to two (2) times the weighted average
of the Uncertificated REMIC 1 Pass-Through Rates for REMIC 1 Regular Interest
LT1A1, REMIC 1 Regular Interest LT1A2, REMIC 1 Regular Interest LT1M1, REMIC 1
Regular Interest LT1M2, REMIC 1 Regular Interest LT1M3, REMIC 1 Regular Interest
LT1M4, REMIC 1 Regular Interest LT1M5, REMIC 1 Regular Interest LT1M6, REMIC 1
Regular Interest LT1M7 and REMIC 1 Regular Interest LT1ZZ, (i) with the rate on
each such REMIC Regular Interest (other than REMIC 1 Regular Interest LT1ZZ)
subject to a cap equal to the Pass-Through Rate of its Corresponding Class
(taking into account in determining any such Pass-through Rate the imposition of
the Group 1 Cap, the Group 2 Cap or the Pool Cap, as applicable, as described in
footnotes (1) through (9) to the table in the Preliminary Statement relating to
the Certificates) for the purposes of this calculation and (ii) with the rate on
REMIC 1 Regular Interest LT1ZZ subject to a cap of zero for the purpose of this
calculation; provided, however, that for this purpose, calculations of the
Uncertificated REMIC 1 Pass-Through Rate and the related caps with respect to
each such REMIC Regular Interest (other than REMIC 1 Regular Interest LT1ZZ)
shall be multiplied by a fraction, the numerator of which is the actual number
of days in the Interest Accrual Period and the denominator of which is 30.
"Maximum LT1ZZ Uncertificated Accrued Interest Deferral Amount": With
respect to any Distribution Date, the excess of (a) accrued interest at the
Uncertificated REMIC 1 Pass-Through Rate applicable to REMIC 1 Regular Interest
LT1ZZ for such Distribution Date on a balance equal to the Uncertificated
Principal Balance of REMIC 1 Regular Interest LT1ZZ minus the REMIC 1
Overcollateralized Amount, in each case for such Distribution Date, over (b)
Uncertificated Accrued Interest on REMIC 1 Regular Interest LT1A1, REMIC 1
Regular Interest LT1A2, REMIC 1 Regular Interest LT1M1, REMIC 1 Regular Interest
LT1M2, REMIC 1 Regular Interest LT1M3, REMIC 1 Regular Interest LT1M4, REMIC 1
Regular Interest LT1M5, REMIC 1 Regular Interest LT1M6 and REMIC 1 Regular
Interest LT1M7 each subject to a cap equal to the Pass-Through Rate of the
related Corresponding Class for the purpose of this calculation; provided,
however, that for this purpose, calculations of the Uncertificated REMIC 1
Pass-Through Rate and the related caps with respect to Uncertificated Accrued
Interest on REMIC 1 Regular Interest LT1A1, REMIC 1 Regular Interest LT1A2,
REMIC 1 Regular Interest LT1M1, REMIC 1 Regular Interest LT1M2, REMIC 1 Regular
Interest LT1M3, REMIC 1 Regular Interest LT1M4, REMIC 1 Regular Interest LT1M5,
REMIC 1 Regular Interest LT1M6 and REMIC 1 Regular Interest LT1M7 shall be
multiplied by a fraction, the numerator of which is the actual number of days in
the Interest Accrual Period and the denominator of which is 30.
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"Maximum Mortgage Interest Rate": With respect to each Mortgage Loan,
the percentage set forth in the related Mortgage Note as the maximum Mortgage
Interest Rate thereunder.
"MERS": Mortgage Electronic Registration Systems, Inc., a Delaware
corporation, or any successor to it.
"Minimum Mortgage Interest Rate": With respect to each Mortgage Loan,
the percentage set forth in the related Mortgage Note as the minimum Mortgage
Interest Rate thereunder.
"Monthly Excess Cashflow Amount": The sum of the Monthly Excess
Interest Amount, the Overcollateralization Release Amount and (without
duplication) any portion of the Principal Distribution Amount remaining after
principal distributions on the Offered Certificates.
"Monthly Excess Interest Amount": With respect to each Distribution
Date, the amount, if any, by which the Interest Remittance Amount for such
Distribution Date exceeds the aggregate amount distributed on such Distribution
Date pursuant to paragraphs (i) through (xi) under Section 4.01.
"Monthly Form 8-K": As defined in Section 3.31(a) hereof.
"Monthly Payment": With respect to any Mortgage Loan, the
scheduled monthly payment of principal and interest on such Mortgage Loan which
is payable by the related Mortgagor from time to time under the related Mortgage
Note, determined: (a) after giving effect to (i) any Deficient Valuation and/or
Debt Service Reduction with respect to such Mortgage Loan and (ii) any reduction
in the amount of interest collectible from the related Mortgagor pursuant to the
Relief Act or similar state laws; (b) without giving effect to any extension
granted or agreed to by the Servicer pursuant to Section 3.01; and (c) on the
assumption that all other amounts, if any, due under such Mortgage Loan are paid
when due.
"Mortgage": The mortgage, deed of trust or other instrument creating a
first or second lien on, or first or second priority security interest in, a
Mortgaged Property securing a Mortgage Note.
"Mortgage File": The mortgage documents listed in Section 2.01
pertaining to a particular Mortgage Loan and any additional documents required
to be added to the Mortgage File pursuant to this Agreement.
"Mortgage Interest Rate": With respect to each Mortgage Loan, the
annual rate at which interest accrues on such Mortgage Loan from time to time in
accordance with the provisions of the related Mortgage Note, which rate (A) as
of any date of determination until the first Adjustment Date following the
Cut-off Date shall be the rate set forth in the applicable Mortgage Loan
Schedule as the Mortgage Interest Rate in effect immediately following the
Cut-off Date and (B) as of any date of determination thereafter shall be the
rate as adjusted on the most recent Adjustment Date, to equal the sum, rounded
as provided in the Mortgage Note, of the Index, determined as set forth in the
related Mortgage Note, plus the related Gross Margin subject to the limitations
set forth in the related Mortgage Note. With respect to each Mortgage Loan that
becomes an REO Property, as of any date of determination, the annual rate
determined in accordance with the immediately preceding sentence as of the date
such Mortgage Loan became an REO Property.
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"Mortgage Loan": Each mortgage loan transferred and assigned to the
Trustee pursuant to Section 2.01 or Section 2.03(d) as from time to time held as
a part of the Trust Fund, the Mortgage Loans so held being identified in the
Mortgage Loan Schedules.
"Mortgage Loan Purchase Agreement": The agreement between the Seller
and the Depositor, dated as of July 30, 2004, regarding the transfer of the
Mortgage Loans by the Seller to or at the direction of the Depositor.
"Mortgage Loan Schedule": As of any date with respect to the Mortgage
Loans, the lists of such Mortgage Loans included in the Trust Fund on such date,
separately identifying the Group 1 Mortgage Loans and the Group 2 Mortgage
Loans, attached hereto as Exhibits D-1 and D-2, respectively. The Mortgage Loan
Schedules shall set forth the following information with respect to each
Mortgage Loan:
(1) the Mortgage Loan identifying number;
(2) the state and zip code of the Mortgaged Property;
(3) the type of Residential Dwelling constituting the Mortgaged
Property;
(4) the occupancy status of the Mortgaged Property at origination;
(5) the original months to maturity;
(6) the date of origination;
(7) the first payment date;
(8) the stated maturity date;
(9) the stated remaining months to maturity;
(10) the original principal amount of the Mortgage Loan;
(11) the Principal Balance of each Mortgage Loan as of the Cut-off
Date;
(12) the Mortgage Interest Rate of the Mortgage Loan as of the
Cut-off Date;
(13) the current principal and interest payment of the Mortgage
Loan as of the Cut-off Date;
(14) the contractual interest paid to date of the Mortgage Loan;
(15) the Loan-to-Value Ratio at origination and as of the Cut-off
Date;
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(16) a code indicating the loan performance status of the Mortgage
Loan as of the Cut-off Date;
(17) a code indicating the Index that is associated with such
Mortgage Loan;
(18) the Gross Margin;
(19) the Periodic Rate Cap;
(20) the Minimum Mortgage Interest Rate;
(21) the Maximum Mortgage Interest Rate;
(22) a code indicating whether the Mortgage Loan has a Prepayment
Charge and the type of Prepayment Charge and the term;
(23) the first Adjustment Date immediately following the Cut-off
Date;
(24) the rate adjustment frequency;
(25) the payment adjustment frequency;
(26) the purpose of the Mortgage Loan;
(27) a code indicating whether the Mortgage Loan is a DAD Mortgage
Loan; and
(28) a code indicating whether the Mortgage Loan has an
interest-only period and the term of such interest-only
period.
The Mortgage Loan Schedules shall set forth the following information,
as of the Cut-off Date, with respect to the Mortgage Loans in the aggregate for
the Group 1 Mortgage Loans and for the Group 2 Mortgage Loans: (1) the number of
Mortgage Loans; (2) the current Principal Balance of the Mortgage Loans; (3) the
weighted average Mortgage Interest Rate of the Mortgage Loans; and (4) the
weighted average maturity of the Mortgage Loans. The Mortgage Loan Schedules
shall be amended from time to time in accordance with the provisions of this
Agreement and a copy of such amended Mortgage Loan Schedules shall be furnished
by the Servicer to the NIMS Insurer. With respect to any Eligible Substitute
Mortgage Loan, Cut-off Date shall refer to the applicable date of substitution.
"Mortgage Note": The original executed note or other evidence of
indebtedness evidencing the indebtedness of a Mortgagor under a Mortgage Loan.
"Mortgage Pool": The pool of Mortgage Loans, identified on Exhibits D-1
and D-2 from time to time, and any REO Properties acquired in respect thereof.
"Mortgaged Property": The underlying property securing a Mortgage Loan,
including any REO Property, consisting of an Estate in Real Property improved by
a Residential Dwelling.
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"Mortgagor": The obligor on a Mortgage Note.
"Net Liquidation Proceeds": With respect to any Liquidated Mortgage
Loan or any other disposition of related Mortgaged Property (including REO
Property) the related Liquidation Proceeds net of unreimbursed Advances,
unreimbursed Servicing Advances, Servicing Fees and any other accrued and unpaid
servicing fees received and retained in connection with the liquidation of such
Mortgage Loan or Mortgaged Property.
"Net Maximum Mortgage Interest Rate": With respect to any Mortgage
Loan, the applicable Maximum Mortgage Interest Rate minus the Expense Fee Rate.
"Net Mortgage Interest Rate": With respect to any Mortgage Loan, the
Mortgage Interest Rate borne by such Mortgage Loan minus the Expense Fee Rate.
"New Lease": Any lease of REO Property entered into on behalf of the
Trust, including any lease renewed or extended on behalf of the Trust if the
Trust has the right to renegotiate the terms of such lease.
"NIMS Insurer": Any insurer that is guaranteeing certain payments under
notes secured by collateral which includes all or a portion of the Class CE,
Class P and Class R Certificates.
"Nonrecoverable Advance": Any Advance or Servicing Advance previously
made or proposed to be made in respect of a Mortgage Loan that, in the good
faith business judgment of the Servicer, will not or, in the case of a proposed
Advance or Servicing Advance, would not be ultimately recoverable from Late
Collections on such Mortgage Loan as provided herein.
"Notional Amount": With respect to the Class CE Certificates, a
notional amount equal to the aggregate principal balance of the REMIC 1 Regular
Interests.
"Offered Certificates": The Class X-0, Xxxxx X-0, Class M-1, Class M-2,
Class M-3, Class M-4, Class M-5, Class M-6 and Class M-7 Certificates.
"Officers' Certificate": A certificate signed by the Chairman of the
Board, the Vice Chairman of the Board, the President, a vice president (however
denominated) or a principal, and by the Treasurer, the Secretary, or one of the
assistant treasurers or assistant secretaries of the Servicer, the Seller or the
Depositor, as applicable.
"One-Month LIBOR": With respect to each Interest Accrual Period, the
rate determined by the Trustee on the related LIBOR Determination Date on the
basis of the offered rate for one-month United States dollar deposits, as such
rate appears on the Telerate Page 3750, as of 11:00 a.m. (London time) on such
LIBOR Determination Date. If no such quotations are available on an LIBOR
Determination Date, One-Month LIBOR for the related Interest Accrual Period will
be established by the Trustee as follows:
(i) If on such LIBOR Determination Date two or more Reference
Banks provide such offered quotations, One-Month LIBOR for the related
Interest Accrual Period shall be the arithmetic mean of such offered
quotations (rounded upwards if necessary to the nearest whole multiple
of 0.001%);
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(ii) If on such LIBOR Determination Date fewer than two
Reference Banks provide such offered quotations, One-Month LIBOR for
the related Interest Accrual Period shall be the arithmetic mean of the
rates quoted by one or more major banks in New York City, selected by
the Trustee after consultation with the Depositor and the NIMS Insurer,
as of 11:00 A.M., New York City time, on such date for loans in U.S.
Dollars to leading European banks for a period of one month in amounts
approximately equal to the aggregate Certificate Principal Balance of
the Offered Certificates; and
(iii) If no such quotations can be obtained, One-Month LIBOR
for the related Interest Accrual Period shall be One-Month LIBOR for
the prior Distribution Date.
The establishment of One-Month LIBOR on each LIBOR Determination Date
by the Trustee and the Trustee's calculation of the rate of interest applicable
to the Offered Certificates for the related Interest Accrual Period shall (in
the absence of manifest error) be final and binding.
"Opinion of Counsel": A written opinion of counsel, who may, without
limitation, be a salaried counsel for the Depositor or the Servicer except that
any opinion of counsel relating to (a) the qualification of any REMIC as a REMIC
or (b) compliance with the REMIC Provisions must be an opinion of Independent
counsel.
"Optional Termination Date": The first Distribution Date on which the
Majority Class CE Certificateholders or, if such holder is the Seller or is an
affiliate of the Seller, the Servicer, may opt to terminate the Mortgage Pool
pursuant to Section 10.01.
"Original Class Certificate Principal Balance": With respect to each
Class of Certificates, the Certificate Principal Balance thereof on the Closing
Date, as set forth opposite such Class in the Preliminary Statement, except with
respect to (i) the Class P and Class R Certificates, which have an Original
Class Certificate Principal Balance of zero and (ii) the Class CE Certificates,
which, solely for REMIC purposes, have an Original Class Certificate Principal
Balance equal to the Initial Overcollateralization Amount.
"Originator": First Franklin Financial Corporation and its successors.
"Originator Mortgage Loan Purchase Agreement": The Flow Sale and
Interim Servicing Agreement, dated as of May 1, 2004, by and between the Seller,
as purchaser, and First Franklin Financial Corporation, as seller.
"Originator Prepayment Charge Payment Amount": The amount payable by
the Originator pursuant to Section 4.21 of the Originator Mortgage Loan Purchase
Agreement in respect of certain Prepayment Charges that are not collected from
the related Mortgagor, which amounts shall not be part of any REMIC formed
hereunder.
"Overcollateralization Amount": As of any Distribution Date, the
excess, if any, of (x) the Pool Balance as of the last day of the related
Collection Period over (y) the aggregate Certificate Principal Balance of all
Classes of Offered Certificates (after taking into account all distributions of
principal on such Distribution Date and the increase of any Certificate
Principal Balance as a result of Subsequent Recoveries).
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"Overcollateralization Deficiency": As of any Distribution Date, the
excess, if any, of (x) the Targeted Overcollateralization Amount for such
Distribution Date over (y) the Overcollateralization Amount for such
Distribution Date, calculated for this purpose after taking into account the
reduction on such Distribution Date of the Certificate Principal Balances of all
Classes of Offered Certificates resulting from the distribution of the Principal
Distribution Amount (but not the Extra Principal Distribution Amount) on such
Distribution Date, but prior to taking into account any Applied Realized Loss
Amounts on such Distribution Date.
"Overcollateralization Release Amount": With respect to any
Distribution Date after the Stepdown Date on which a Trigger Event is not in
effect, the excess, if any, of (i) the Overcollateralization Amount for such
Distribution Date, assuming that 100% of the Principal Remittance Amount is
applied as a principal payment on the Offered Certificates on such Distribution
Date, over (ii) the Targeted Overcollateralization Amount for such Distribution
Date. With respect to any Distribution Date on which a Trigger Event is in
effect, the Overcollateralization Release Amount will be zero.
"Ownership Interest": As to any Certificate, any ownership or security
interest in such Certificate, including any interest in such Certificate as the
Holder thereof and any other interest therein, whether direct or indirect, legal
or beneficial, as owner or as pledgee.
"Pass-Through Rate": Any of the Class A-1 Pass-Through Rate, the Class
A-2 Pass-Through Rate, the Class M-1 Pass-Through Rate, the Class M-2
Pass-Through Rate, the Class M-3 Pass-Through Rate, the Class M-4 Pass-Through
Rate, the Class M-5 Pass-Through Rate, the Class M-6 Pass-Through Rate and the
Class M-7 Pass-Through Rate; and in the case of any Regular Interest, the
Pass-Through Rate set forth in the definition thereof.
With respect to the Class CE Certificates and any Distribution Date, a
per annum rate equal to the percentage equivalent of a fraction, the numerator
of which is the sum of the amounts calculated pursuant to clauses (A) through
(K) below, and the denominator of which is the aggregate of the Uncertificated
Principal Balances of REMIC 1 Regular Interest LT1AA, REMIC 1 Regular Interest
LT1A1, REMIC 1 Regular Interest LT1A2, REMIC 1 Regular Interest LT1M1, REMIC 1
Regular Interest LT1M2, REMIC 1 Regular Interest LT1M3, REMIC 1 Regular Interest
LT1M4, REMIC 1 Regular Interest LT1M5, REMIC 1 Regular Interest LT1M6, REMIC 1
Regular Interest LT1M7 and REMIC 1 Regular Interest LT1ZZ. For purposes of
calculating the Pass-Through Rate for the Class CE Certificates, the numerator
is equal to the sum of the following components:
(A) the Uncertificated REMIC 1 Pass-Through Rate for REMIC 1 Regular
Interest LT1AA minus the Marker Rate, applied to an amount equal to the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1AA;
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(B) the Uncertificated REMIC 1 Pass-Through Rate for REMIC 1 Regular
Interest LT1A1 minus the Marker Rate, applied to an amount equal to the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1A1;
(C) the Uncertificated REMIC 1 Pass-Through Rate for REMIC 1 Regular
Interest LT1A2 minus the Marker Rate, applied to an amount equal to the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1A2;
(D) the Uncertificated REMIC 1 Pass-Through Rate for REMIC 1 Regular
Interest LT1M1 minus the Marker Rate, applied to an amount equal to the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1M1;
(E) the Uncertificated REMIC 1 Pass-Through Rate for REMIC 1 Regular
Interest LT1M2 minus the Marker Rate, applied to an amount equal to the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1M2;
(F) the Uncertificated REMIC 1 Pass-Through Rate for REMIC 1 Regular
Interest LT1M3 minus the Marker Rate, applied to an amount equal to the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1M3;
(G) the Uncertificated REMIC 1 Pass-Through Rate for REMIC 1 Regular
Interest LT1M4 minus the Marker Rate, applied to an amount equal to the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1M4;
(H) the Uncertificated REMIC 1 Pass-Through Rate for REMIC 1 Regular
Interest LT1M5 minus the Marker Rate, applied to an amount equal to the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1M5;
(I) the Uncertificated REMIC 1 Pass-Through Rate for REMIC 1 Regular
Interest LT1M6 minus the Marker Rate, applied to an amount equal to the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1M6;
(J) the Uncertificated REMIC 1 Pass-Through Rate for REMIC 1 Regular
Interest LT1M6 minus the Marker Rate, applied to an amount equal to the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1M7; and
(K) the Uncertificated REMIC 1 Pass-Through Rate for REMIC 1 Regular
Interest LT1ZZ minus the Marker Rate, applied to an amount equal to the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1ZZ.
"Paying Agent": Any paying agent appointed pursuant to Section 5.05.
"Percentage Interest": With respect to any Certificate (other than a
Class CE, Class P or Class R Certificate), a fraction, expressed as a
percentage, the numerator of which is the Initial Certificate Principal Balance,
as the case may be, represented by such Certificate and the denominator of which
is the Original Class Certificate Principal Balance of the related Class. With
respect to a Class CE or Class P Certificate, the portion of the Class evidenced
thereby, expressed as a percentage, as stated on the face of such Certificate;
provided, however, that the sum of all such percentages for each such Class
totals 100%. With respect to the Class R Certificate, 100%.
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"Periodic Rate Cap": With respect to each Mortgage Loan and any
Adjustment Date therefor, the fixed percentage set forth in the related Mortgage
Note, which is the maximum amount by which the Mortgage Interest Rate for such
Mortgage Loan may increase or decrease (without regard to the Maximum Mortgage
Interest Rate or the Minimum Mortgage Interest Rate) on such Adjustment Date
from the Mortgage Interest Rate in effect immediately prior to such Adjustment
Date.
"Permitted Transferee": Any transferee of a Class R Certificate other
than a Disqualified Organization, a non-U.S. Person or a U.S. Person with
respect to whom income on the Class R Certificate is attributable to a foreign
permanent establishment or fixed base, within the meaning of an applicable
income tax treaty, of such Person or any other U.S. Person. "Person": Any
individual, corporation, partnership, joint venture, association, joint stock
company, trust, limited liability company, unincorporated organization or
government or any agency or political subdivision thereof.
"Pool Balance": As of any date of determination, the aggregate
Principal Balance of the Mortgage Loans.
"Pool Cap": As of any Distribution Date and for the Class M
Certificates, a per annum rate, adjusted by multiplying such rate by a fraction
equal to 30 over the actual number of days in the related Interest Accrual
Period, equal to the weighted average of the Net Mortgage Interest Rates of the
Group 1 Mortgage Loans and the Group 2 Mortgage Loans, with each such Loan Group
weighted proportionately between Loan Group 1 and Loan Group 2, based on the
related Group Subordinate Amount. For federal income tax purposes, the economic
equivalent of such rate shall be expressed as the weighted average of the
Uncertificated REMIC 1 Pass-Through Rate on (a) REMIC 1 Regular Interest LT1SUB,
subject to a cap and floor equal to the Weighted Average Net Mortgage Rates of
the Group 1 Mortgage Loans and (b) REMIC 1 Regular Interest LT2SUB, subject to a
cap and floor equal to the Weighted Average Net Mortgage Rates of the Group 2
Mortgage Loans, weighted on the basis of the Uncertificated Balance of each such
REMIC 1 Regular Interest.
"Pool Maximum Rate Cap": With respect to any Distribution Date and for
the Class M Certificates, a per annum rate (not less than zero), adjusted by
multiplying such rate by a fraction equal to 30 over the actual number of days
in the related Interest Accrual Period, equal to the weighted average of the Net
Maximum Mortgage Interest Rates of the Group 1 Mortgage Loans and the Group 2
Mortgage Loans, weighted proportionately between Loan Group 1 and Loan Group 2
based on the related Group Subordinate Amount.
"Prepayment Charge": With respect to any Prepayment Period, any
prepayment premium, penalty or charge collected by the Servicer from a Mortgagor
in connection with any voluntary Principal Prepayment in full pursuant to the
terms of the related Mortgage Note as from time to time held as a part of the
Trust Fund, the Prepayment Charges so held being identified in the Mortgage Loan
Schedules (other than any Originator Prepayment Charge Payment Amount or
Servicer Prepayment Charge Payment Amount).
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"Prepayment Interest Shortfall": With respect to any Distribution Date,
for each Mortgage Loan that was the subject of a Principal Prepayment during the
related Prepayment Period that was applied by the Servicer to reduce the
outstanding Principal Balance of such Mortgage Loan on a date preceding the
related Due Date, an amount equal to interest at the applicable Mortgage
Interest Rate (net of the Servicing Fee Rate) on the amount of such Principal
Prepayment for the number of days commencing on the date on which the Principal
Prepayment is applied and ending on the last day of the related Prepayment
Period.
"Prepayment Period": With respect to any Distribution Date, the
calendar month preceding the calendar month in which such Distribution Date
occurs.
"Principal Balance": As to any Mortgage Loan and any day, other than a
Liquidated Mortgage Loan, the related Cut-off Date Principal Balance, minus the
sum of (i) all collections and other amounts credited against the principal
balance of any such Mortgage Loan, (ii) the principal portion of Advances, (iii)
any Deficient Valuation and (iv) any principal reduction resulting from a
Servicer Modification. For purposes of this definition, a Liquidated Mortgage
Loan shall be deemed to have a Principal Balance equal to the Principal Balance
of the related Mortgage Loan as of the final recovery of related Liquidation
Proceeds and a Principal Balance of zero thereafter. As to any REO Property and
any day, the Principal Balance of the related Mortgage Loan immediately prior to
such Mortgage Loan becoming REO Property minus any REO Principal Amortization
received with respect thereto on or prior to such day.
"Principal Distribution Amount": As to any Distribution Date, the sum
of (i) the Principal Remittance Amount minus the Overcollateralization Release
Amount, if any, and (ii) the Extra Principal Distribution Amount, if any.
"Principal Prepayment": Any payment of principal made by the Mortgagor
on a Mortgage Loan which is received in advance of its scheduled Due Date and
which is not accompanied by an amount of interest representing the full amount
of scheduled interest due on any Due Date in any month or months subsequent to
the month of prepayment.
"Principal Remittance Amount": With respect to any Distribution Date,
to the extent of funds available therefor, the sum (less amounts available for
reimbursement of Advances and Servicing Advances pursuant to Section 3.05 and
expenses reimbursable pursuant to Section 6.03) of: (i) each payment of
principal on a Mortgage Loan due during the related Collection Period and
received by the Servicer on or prior to the related Determination Date, and any
Advances with respect thereto, (ii) all full and partial Principal Prepayments
received by the Servicer during the related Prepayment Period, (iii) Insurance
Proceeds, Net Liquidation Proceeds and Subsequent Recoveries allocable to
principal actually collected by the Servicer during the related Prepayment
Period, (iv) with respect to Defective Mortgage Loans repurchased with respect
to such Prepayment Period, the portion of the Purchase Price allocable to
principal, (v) any Substitution Adjustment Amounts received during the related
Prepayment Period and (vi) on the Distribution Date on which the Trust is to be
terminated in accordance with Section 10.01 hereof, that portion of the
Termination Price in respect of principal of the Mortgage Loans.
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"Private Certificates": Any of the Class CE, Class P and Class R
Certificates.
"Prospectus Supplement": That certain Prospectus Supplement dated July
27, 2004 relating to the public offering of the Offered Certificates.
"Purchase Price": With respect to any Mortgage Loan or REO Property to
be purchased pursuant to or as contemplated by Section 2.03 or 10.01, an amount
equal to the sum of (i) 100% of the Principal Balance thereof as of the date of
purchase (or such other price as provided in Section 10.01), (ii) in the case of
(x) a Mortgage Loan, accrued interest on such Principal Balance at the
applicable Mortgage Interest Rate in effect from time to time from the Due Date
as to which interest was last covered by a payment by the Mortgagor or an
Advance by the Servicer, which payment or Advance had as of the date of purchase
been distributed pursuant to Section 4.01, through the end of the calendar month
in which the purchase is to be effected, and (y) an REO Property, accrued
interest at the applicable Mortgage Interest Rate on its fair market value,
determined in good faith by the Servicer, (iii) any unreimbursed Servicing
Advances and Advances and any unpaid Servicing Fees allocable to such Mortgage
Loan or REO Property, (iv) any amounts previously withdrawn from the Collection
Account in respect of such Mortgage Loan or REO Property pursuant to Section
3.13, (v) in the case of a Mortgage Loan required to be purchased pursuant to
Section 2.03, expenses reasonably incurred or to be incurred by the Servicer or
the Trustee in respect of the breach or defect giving rise to the purchase
obligation, and (vi) any costs and damages incurred by the Trust in connection
with any violation by such Mortgage Loan of any predatory or abusive lending
law.
"Rating Agency or Rating Agencies": Fitch and S&P, or their respective
successors. If such agencies or their successors are no longer in existence,
"Rating Agencies" shall be such nationally recognized statistical rating
organizations as set forth on the most current list of such organizations
released by the Securities and Exchange Commission and designated by the
Depositor, notice of which designation shall be given to the Trustee and the
Servicer.
"Realized Loss": With respect to a Liquidated Mortgage Loan, the amount
by which the remaining unpaid principal balance of the Mortgage Loan exceeds the
amount of Net Liquidation Proceeds applied to the principal balance of the
related Mortgage Loan. With respect to any Mortgage Loan, a Deficient Valuation
or a reduction in the Principal Balance thereof resulting from a Servicer
Modification.
"Realized Loss Amortization Amount": Any of the Class M-1 Realized Loss
Amortization Amount, the Class M-2 Realized Loss Amortization Amount, the Class
M-3 Realized Loss Amortization Amount, the Class M-4 Realized Loss Amortization
Amount, the Class M-5 Realized Loss Amortization Amount, the Class M-6 Realized
Loss Amortization Amount and the Class M-7 Realized Loss Amortization Amount.
"Record Date": With respect to all of the Certificates (other than the
Private Certificates), the Business Day immediately preceding such Distribution
Date; provided, however, that if any such Certificate becomes a Definitive
Certificate, the Record Date for such Certificate shall be the last Business Day
of the month immediately preceding the month in which the related Distribution
Date occurs. With respect to the Private Certificates, the last Business Day of
the month immediately preceding the month in which the related Distribution Date
occurs.
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"Reference Banks": Those banks (i) with an established place of
business in London, England, (ii) not controlling, under the control of or under
common control with the Depositor or the Trustee, (iii) whose quotations appear
on the Telerate Page 3750 on the relevant LIBOR Determination Date and (iv)
which have been designated as such by the Trustee; provided, however, that if
fewer than two of such banks provide a One-Month LIBOR rate, then any leading
banks selected by the Trustee which are engaged in transactions in United States
dollar deposits in the international Eurocurrency market.
"Regular Certificate": Any of the Offered Certificates and the Class CE
Certificates.
"Reimbursement Amount": With respect to any Mortgage Loan, any costs or
damages incurred by the Trust in connection with a breach of (i) the
Originator's representation set forth in Section 3.02(i) of the Originator
Mortgage Loan Purchase Agreement and (ii) the Seller's representations set forth
in Sections 3.01(i), 3.01(ii) and 3.01(iii) of the Mortgage Loan Purchase
Agreement.
"Related Documents": With respect to any Mortgage Loan, the related
Mortgage Notes, Mortgages and other related documents.
"Relief Act": The Servicemembers Civil Relief Act, as it may be amended
from time to time.
"Relief Act Interest Shortfall": With respect to any Distribution Date,
for any Mortgage Loan with respect to which there has been a reduction in the
amount of interest collectible thereon for the most recently ended Collection
Period as a result of the application of the Relief Act or similar state or
local laws, the amount by which (i) interest collectible on such Mortgage Loan
during such Collection Period is less than (ii) one month's interest on the
Principal Balance of such Mortgage Loan at the Mortgage Interest Rate for such
Mortgage Loan before giving effect to the application of the Relief Act or
similar state or local laws.
"REMIC": A "real estate mortgage investment conduit" within the meaning
of Section 860D of the Code.
"REMIC 1 Interest Loss Allocation Amount": With respect to any
Distribution Date, an amount equal to (a) the product of (i) 50% of the sum of
the aggregate Principal Balance of the Mortgage Loans and related REO Properties
then outstanding and (ii) the Uncertificated REMIC 1 Pass-Through Rate for REMIC
1 Regular Interest LT1AA minus the Marker Rate, divided by (b) 12.
"REMIC 1 Marker Allocation Percentage": 50% of any amount payable from
or loss attributable to the Mortgage Loans, which shall be allocated to REMIC 1
Regular Interest LT1AA, REMIC 1 Regular Interest LT1A1, REMIC 1 Regular Interest
LT1A2, REMIC 1 Regular Interest LT1M1, REMIC 1 Regular Interest LT1M2, REMIC 1
Regular Interest LT1M3, REMIC 1 Regular Interest LT1M4, REMIC 1 Regular Interest
LT1M5, REMIC 1 Regular Interest LT1M6, REMIC 1 Regular Interest LT1M7 and REMIC
1 Regular Interest LT1ZZ.
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"REMIC 1 Overcollateralization Target Amount": 0.50% of the Targeted
Overcollateralization Amount.
"REMIC 1 Overcollateralized Amount": With respect to any date of
determination, (i) 0.50% of the aggregate Uncertificated Principal Balances of
the REMIC 1 Regular Interests minus (ii) the aggregate of the Uncertificated
Principal Balances of REMIC 1 Regular Interest LT1A1, REMIC 1 Regular Interest
LT1A2, REMIC 1 Regular Interest LT1M1, REMIC 1 Regular Interest LT1M2, REMIC 1
Regular Interest LT1M3, REMIC 1 Regular Interest LT1M4, REMIC 1 Regular Interest
LT1M5, REMIC 1 Regular Interest LT1M6 and REMIC 1 Regular Interest LT1M7, in
each case as of such date of determination.
"REMIC 1 Principal Loss Allocation Amount": With respect to any
Distribution Date, an amount equal to (a) the product of (i) 50% of the
aggregate Principal Balance of the Mortgage Loans and related REO Properties
then outstanding and (ii) 1 minus a fraction, the numerator of which is two
times the aggregate of the Uncertificated Principal Balances of REMIC 1 Regular
Interest LT1A1, REMIC 1 Regular Interest LT1A2, REMIC 1 Regular Interest LT1M1,
REMIC 1 Regular Interest LT1M2, REMIC 1 Regular Interest LT1M3, REMIC 1 Regular
Interest LT1M4, REMIC 1 Regular Interest LT1M5, REMIC 1 Regular Interest LT1M6
and REMIC 1 Regular Interest LT1M7 and the denominator of which is the aggregate
of the Uncertificated Principal Balances of REMIC 1 Regular Interest LT1A1,
REMIC 1 Regular Interest LT1A2, REMIC 1 Regular Interest LT1M1, REMIC 1 Regular
Interest LT1M2, REMIC 1 Regular Interest LT1M3, REMIC 1 Regular Interest LT1M4,
REMIC 1 Regular Interest LT1M5, REMIC 1 Regular Interest LT1M6, REMIC 1 Regular
Interest LT1M7 and REMIC 1 Regular Interest LT1ZZ.
"REMIC 1 Regular Interest LT1AA": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT1AA shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
"REMIC 1 Regular Interest LT1A1": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT1A1 shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
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"REMIC 1 Regular Interest LT1A2": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT1A2 shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance asset forth in the Preliminary Statement
hereto.
"REMIC 1 Regular Interest LT1M1": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT1M1 shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
"REMIC 1 Regular Interest LT1M2": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT1M2 shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
"REMIC 1 Regular Interest LT1M3": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT1M3 shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
"REMIC 1 Regular Interest LT1M4": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT1M4 shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
"REMIC 1 Regular Interest LT1M5": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT1M5 shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
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"REMIC 1 Regular Interest LT1M6": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT1M6 shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
"REMIC 1 Regular Interest LT1M7": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT1M7 shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
"REMIC 1 Regular Interest LT1SUB": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT1SUB shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
"REMIC 1 Regular Interest LT1GRP": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT1GRP shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
"REMIC 1 Regular Interest LT2SUB": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT2SUB shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
"REMIC 1 Regular Interest LT2GRP": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT2GRP shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
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"REMIC 1 Regular Interest LT1XX": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT1XX shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
"REMIC 1 Regular Interest LT1ZZ": One of the separate non-certificated
beneficial ownership interests in REMIC 1 issued hereunder and designated as a
Regular Interest in REMIC 1. REMIC 1 Regular Interest LT1ZZ shall accrue
interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from
time to time, and shall be entitled to distributions of principal, subject to
the terms and conditions hereof, in an aggregate amount equal to its initial
Uncertificated Principal Balance as set forth in the Preliminary Statement
hereto.
"REMIC 1 Regular Interests": REMIC 1 Regular Interest LT1AA, REMIC 1
Regular Interest LT1A1, REMIC 1 Regular Interest LT1A2, REMIC 1 Regular Interest
LT1M1, REMIC 1 Regular Interest LT1M2, REMIC 1 Regular Interest LT1M3, REMIC 1
Regular Interest LT1M4, REMIC 1 Regular Interest LT1M5, REMIC 1 Regular Interest
LT1M6, REMIC 1 Regular Interest LT1M7, REMIC 1 Regular Interest LT1SUB, REMIC 1
Regular Interest LT1GRP, REMIC 1 Regular Interest LT2SUB, REMIC 1 Regular
Interest LT2GRP, REMIC 1 Regular Interest LT1XX and REMIC 1 Regular Interest
LT1ZZ.
"REMIC 1 Sub WAC Allocation Percentage": 50% of any amount payable or
loss attributable from the Mortgage Loans, which shall be allocated to REMIC 1
Regular Interest LT1SUB, REMIC 1 Regular Interest LT1GRP, REMIC 1 Regular
Interest LT2SUB, REMIC 1 Regular Interest LT2GRP and REMIC 1 Regular Interest
LT1XX.
"REMIC 1 Subordinated Balance Ratio": The ratio among the
Uncertificated Principal Balances of each REMIC 1 Regular Interest ending with
the designation "SUB," equal to the ratio among, with respect to each such REMIC
1 Regular Interest, the excess of (x) the aggregate Principal Balance of the
Mortgage Loans in the related Loan Group over (y) the current Certificate
Principal Amount of the Class A Certificates in the related Loan Group.
"REMIC Provisions": Provisions of the federal income tax law relating
to real estate mortgage investment conduits which appear at Section 860A through
860G of Subchapter M of Chapter 1 of the Code, and related provisions, and
regulations and rulings promulgated thereunder, as the foregoing may be in
effect from time to time.
"REMIC Regular Interest": Any REMIC 1 Regular Interest or any of the
Certificates (other than the Class P and Class R Certificates).
"Remittance Report": A report prepared by the Servicer and delivered to
the Trustee and the NIMS Insurer pursuant to Section 4.07, containing the
information attached hereto as Exhibit M.
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"Rents from Real Property": With respect to any REO Property, gross
income of the character described in Section 856(d) of the Code.
"REO Disposition": The sale or other disposition of an REO Property on
behalf of the Trust.
"REO Imputed Interest": As to any REO Property, for any Collection
Period, an amount equivalent to interest (at the Net Mortgage Interest Rate that
would have been applicable to the related Mortgage Loan had it been outstanding)
for such Collection Period on the unpaid Principal Balance of the Mortgage Loan
as of the date of acquisition.
"REO Principal Amortization": With respect to any REO Property, for any
calendar month, the aggregate of all amounts received in respect of such REO
Property during such calendar month, whether in the form of rental income, sale
proceeds (including, without limitation, that portion of the Termination Price
paid in connection with a purchase of all of the Mortgage Loans and REO
Properties pursuant to Section 10.01 that is allocable to such REO Property) or
otherwise, net of any portion of such amounts (i) payable pursuant to Section
3.13 in respect of the proper operation, management and maintenance of such REO
Property or (ii) payable or reimbursable to the Servicer pursuant to Section
3.13 for unpaid Servicing Fees in respect of the related Mortgage Loan and
unreimbursed Servicing Advances and Advances in respect of such REO Property or
the related Mortgage Loan.
"REO Property": A Mortgaged Property acquired by the Servicer on behalf
of the Trust through foreclosure or deed-in-lieu of foreclosure, as described in
Section 3.13.
"Request for Release": A release signed by a Servicing Officer, in the
form of Exhibit E attached hereto.
"Reserve Account": Either of the Class A-2 Reserve Account or the Class
M Reserve Account.
"Residential Dwelling": Any one of the following: (i) a detached
one-family dwelling, (ii) a detached two- to four-family dwelling, (iii) a
one-family dwelling unit in a condominium project, (iv) a manufactured home, or
(v) a one-family dwelling in a planned unit development or a townhouse, none of
which is a co-operative or mobile home.
"Residual Interest": The sole Class of "residual interests" in each
REMIC within the meaning of Section 860G(a)(2) of the Code.
"Responsible Officer": When used with respect to the Trustee, any
officer assigned to the Corporate Trust Division (or any successor thereto),
including any Vice President, Assistant Vice President, Trust Officer, any
Assistant Secretary, any trust officer or any other officer of the Trustee
customarily performing functions similar to those performed by any of the above
designated officers and in each case having direct responsibility for the
administration of this Agreement.
"S&P": Standard & Poor's, a division of The XxXxxx-Xxxx Companies,
Inc., and its successors, and if such company shall for any reason no longer
perform the functions of a securities rating agency, "S&P" shall be deemed to
refer to any other "nationally recognized statistical rating organization" as
set forth on the most current list of such organizations released by the
Securities and Exchange Commission.
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"Seller": Bank of America, N.A., or its successor in interest, in its
capacity as seller under the Mortgage Loan Purchase Agreement.
"Senior Certificates": The Class A-1 and Class A-2 Certificates.
"Senior Enhancement Percentage": For any Distribution Date, the
percentage obtained by dividing (x) the sum of (i) the aggregate Certificate
Principal Balance of the Subordinated Certificates and (ii) the
Overcollateralization Amount, in each case before taking into account payments
of principal on the Mortgage Loans and the distribution of the Principal
Distribution Amount on such Distribution Date by (y) the Pool Balance as of the
last day of the related Collection Period.
"Senior Principal Distribution Amount": For any Distribution Date, the
sum of the Group 1 Senior Principal Distribution Amount and the Group 2 Senior
Principal Distribution Amount.
"Senior Specified Enhancement Percentage": On any date of determination
thereof, 28.10%.
"Servicer": Countrywide Home Loans Servicing LP, a limited partnership
organized under the laws of the State of Texas, or any successor servicer
appointed as herein provided, in its capacity as Servicer hereunder.
"Servicer Event of Termination": One or more of the events described in
Section 7.01.
"Servicer Modification": A modification to the terms of a Mortgage
Loan, in accordance with the terms of Section 3.01, as to which the Mortgagor is
in default or as to which, in the judgment of the Servicer, default is
reasonably foreseeable.
"Servicer Prepayment Charge Payment Amount": The amount payable by the
Servicer in respect of any waived Prepayment Charges pursuant to Section 3.01,
which amount shall be equal to the difference between the amount of Prepayment
Charge due by a Mortgagor before any waiver and the actual amount of the
Prepayment Charge that was paid by the Mortgagor, which amounts shall not be a
part of any REMIC formed hereunder.
"Servicer Remittance Date": With respect to any Distribution Date, one
Business Day prior to such Distribution Date.
"Servicing Advances": All customary, reasonable and necessary "out of
pocket" costs and expenses incurred by the Servicer (including reasonable
attorneys' fees and disbursements) in the performance of its servicing
obligations, including, but not limited to, the cost of (i) the preservation,
restoration, inspection and protection of the Mortgaged Property, (ii) any
enforcement or judicial proceedings, including foreclosures, (iii) the
management and liquidation of the REO Property and (iv) compliance with the
obligations under Section 3.08.
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"Servicing Fee": With respect to each Mortgage Loan (including each REO
Property) and for any calendar month, an amount equal to one month's interest
(or in the event of any payment of interest which accompanies a Principal
Prepayment in full made by the Mortgagor during such calendar month, interest
for the number of days covered by such payment of interest) at the Servicing Fee
Rate on the same principal amount on which interest on such Mortgage Loan
accrues for such calendar month. The Servicing Fee shall be payable monthly and
shall be prorated on a per diem basis for any portion of a month during which
such Mortgage Loan is serviced hereunder.
"Servicing Fee Rate": With respect to each Mortgage Loan, 0.50% per
annum.
"Servicing Officer": Any representative or officer of the Servicer
involved in, or responsible for, the administration and servicing of Mortgage
Loans, whose name and specimen signature appear on a list of servicing officers
furnished by the Servicer to the Trustee and the Depositor on the Closing Date,
as such list may from time to time be amended.
"Servicing Standard": The standards set forth in Section 3.01.
"Similar Law": As defined in Section 5.02(d) hereof.
"Startup Day": As defined in Section 9.01(b) hereof.
"Stayed Funds": Any payment required to be made under the terms of the
Certificates and this Agreement but which is not remitted by the Servicer
because the Servicer is the subject of a proceeding under the Bankruptcy Code
and the making of such remittance is prohibited by Section 362 of the Bankruptcy
Code.
"Stepdown Date": The earlier to occur of (i) the Distribution Date on
which the aggregate Certificate Principal Balance of the Class A Certificates is
reduced to zero and (ii) the later to occur of (x) the Distribution Date in
August 2007 and (y) the Distribution Date on which the Senior Enhancement
Percentage is greater than or equal to the Senior Specified Enhancement
Percentage.
"Subordinated Certificates": The Class M-1, Class M-2, Class M-3, Class
M-4, Class M-5, Class M-6, Class M-7, Class CE and Class R Certificates.
"Subsequent Recovery": Any amount (net of reimbursable expenses)
received on a Mortgage Loan subsequent to such Mortgage Loan being determined to
be a Liquidated Mortgage Loan that resulted in a Realized Loss in a prior month.
"Substitution Adjustment Amount": As defined in Section 2.03(d) hereof.
"Targeted Overcollateralization Amount": As of any Distribution Date,
(x) prior to the Stepdown Date, 1.10% of the Cut-off Date Aggregate Principal
Balance and (y) on and after the Stepdown Date, (i) if a Trigger Event has not
occurred, the greater of (A) 2.20% of the Pool Balance as of the last day of the
related Collection Period and (B) 0.50% of the Cut-off Date Aggregate Principal
Balance and (ii) if a Trigger Event has occurred, the Targeted
Overcollateralization Amount for the immediately preceding Distribution Date.
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"Tax Matters Person": The tax matters person appointed pursuant to
Section 9.01(e) hereof.
"Tax Returns": The federal income tax returns on Internal Revenue
Service Form 1066, U.S. Real Estate Mortgage Investment Conduit Income Tax
Return, including Schedule Q thereto, Quarterly Notice to Residual Interest
Holders of the REMIC Taxable Income or Net Loss Allocation, or any successor
forms, to be filed on behalf of the Trust for each of the two REMICs created
pursuant to this Agreement under the REMIC Provisions, together with any and all
other information reports or returns that may be required to be furnished to the
Certificateholders or filed with the Internal Revenue Service or any other
governmental taxing authority under any applicable provisions of federal, state
or local tax laws.
"Telerate Page 3750": The display page currently so designated on the
Moneyline Telerate Service (or such other page as may replace the Telerate Page
3750 page on that service for the purpose of displaying London interbank offered
rates of major banks).
"Termination Price": As defined in Section 10.01(a) hereof.
"Trigger Event": With respect to any Distribution Date, if (i) the
three-month rolling average of 60+ Day Delinquent Loans equals or exceeds 50.00%
of the Senior Enhancement Percentage or (ii) the aggregate amount of Realized
Losses incurred since the Cut-off Date through the last day of the related
Collection Period (reduced by the aggregate amount of Subsequent Recoveries
received since the Cut-off Date through the last day of the related Collection
Period) divided by the Cut-off Date Aggregate Principal Balance exceeds the
applicable percentages set forth below with respect to such Distribution Date:
DISTRIBUTION DATE OCCURRING IN PERCENTAGE
------------------------------ ----------
August 2007 through July 2008 3.25%
August 2008 through July 2009 4.50%
August 2009 through July 2010 5.25%
August 2010 and thereafter 5.50%
"Trust": ABFC 2004-FF1 Trust, the trust created hereunder.
"Trust Fund": The segregated pool of assets subject hereto,
constituting the primary trust created hereby and to be administered hereunder,
with respect to a portion of which two REMIC elections are to be made, such
entire Trust Fund consisting of: (i) such Mortgage Loans as from time to time
are subject to this Agreement, together with the Mortgage Files relating
thereto, and together with all collections thereon and proceeds thereof, (ii)
any REO Property, together with all collections thereon and proceeds thereof,
(iii) the Trustee's rights with respect to the Mortgage Loans under all
insurance policies required to be maintained pursuant to this Agreement and any
proceeds thereof, (iv) the Depositor's rights under the Originator Mortgage Loan
Purchase Agreement, the Assignment, Assumption and Recognition Agreement and the
Mortgage Loan Purchase Agreement (including any security interest created
thereby), (v) the Trustee's rights under each Yield Maintenance Agreement and
(vi) the Collection Accounts, the Distribution Account and the Reserve Accounts
and such assets that are deposited therein from time to time and any investments
thereof, together with any and all income, proceeds and payments with respect
thereto.
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"Trustee": JPMorgan Chase Bank, a New York banking corporation, or any
successor Trustee appointed as herein provided.
"Trustee Fee": With respect to any Distribution Date, the product of
(x) one-twelfth of the Trustee Fee Rate and (y) the aggregate of the Principal
Balances of all Mortgage Loans as of the opening of business on the first day of
the related Collection Period.
"Trustee Fee Rate": With respect to any Distribution Date, 0.0025% per
annum.
"Uncertificated Accrued Interest": With respect to each REMIC 1 Regular
Interest on each Distribution Date, an amount equal to one month's interest at
the related Uncertificated REMIC 1 Pass-Through Rate on the Uncertificated
Principal Balance of such REMIC Regular Interest. In each case, Uncertificated
Accrued Interest will be reduced by any Prepayment Interest Shortfalls and
Relief Act Interest Shortfalls (allocated to such REMIC Regular Interests based
on their respective entitlements to interest irrespective of any Prepayment
Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution
Date).
"Uncertificated Principal Balance": The amount of any REMIC 1 Regular
Interest outstanding as of any date of determination. As of the Closing Date,
the Uncertificated Balance of each REMIC 1 Regular Interest shall equal the
amount set forth in the Preliminary Statement hereto as its initial
uncertificated balance. On each Distribution Date, the Uncertificated Principal
Balance of each REMIC 1 Regular Interest shall be reduced by all distributions
of principal made on such REMIC 1 Regular Interest on such Distribution Date
pursuant to Section 4.08 and, if and to the extent necessary and appropriate,
shall be further reduced on such Distribution Date by Realized Losses as
provided in Section 4.08(b). The Uncertificated Balance of REMIC 1 Regular
Interest LT1ZZ shall be increased by interest deferrals as provided in Section
4.08(a)(i). The Uncertificated Balance of each REMIC 1 Regular Interest shall
never be less than zero.
"Uncertificated REMIC 1 Pass-Through Rate": With respect to REMIC 1
Regular Interest LT1AA, REMIC 1 Regular Interest LT1A1, REMIC 1 Regular Interest
LT1A2, REMIC 1 Regular Interest LT1M1, REMIC 1 Regular Interest LT1M2, REMIC 1
Regular Interest LT1M3, REMIC 1 Regular Interest LT1M4, REMIC 1 Regular Interest
LT1M5, REMIC 1 Regular Interest LT1M6, REMIC 1 Regular Interest LT1M7, REMIC 1
Regular Interest LT1ZZ, REMIC 1 Regular Interest LT1SUB, REMIC 1 Regular
Interest LT2SUB and REMIC 1 Regular Interest LT1XX, the Weighted Average Net
Mortgage Rate of the Mortgage Loans. With respect to REMIC 1 Regular Interest
LT1GRP, the Weighted Average Net Mortgage Rate of the Group 1 Mortgage Loans.
With respect REMIC 1 Regular Interest LT2GRP, the Weighted Average Net Mortgage
Rate of the Group 2 Mortgage Loans.
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"United States Person" or "U.S. Person": (i) A citizen or resident of
the United States, (ii) a corporation, partnership or other entity treated as a
corporation or partnership for United States federal income tax purposes
organized in or under the laws of the United States or any state thereof or the
District of Columbia (unless, in the case of a partnership, Treasury Regulations
provide otherwise), (iii) an estate the income of which is includible in gross
income for United States tax purposes, regardless of its source, or (iv) a trust
if a court within the United States is able to exercise primary supervision over
the administration of the trust and one or more United States persons have
authority to control all substantial decisions of the trust. Notwithstanding the
preceding sentence, to the extent provided in Treasury Regulations, certain
Trusts in existence on August 20, 1996, and treated as United States persons
prior to such date, that elect to continue to be treated as United States
persons will also be a U.S. Person; provided, that for purposes of the
definition of a "Permitted Transferee," a U.S. Person shall not include any
person whose income is attributable to a foreign permanent establishment or
fixed base, within the meaning of an applicable income tax treaty, of such
Person or any other U.S. Person.
"Unpaid Realized Loss Amount": For any of the Class M-1, Class M-2,
Class M-3, Class M-4, Class M-5, Class M-6 and Class M-7 Certificates and as to
any Distribution Date, the excess of (x) the aggregate Applied Realized Loss
Amounts allocated to such Class for all prior Distribution Dates over (y) the
sum of (a) the cumulative amount of any Subsequent Recoveries allocated to such
Class and (b) the aggregate Realized Loss Amortization Amounts with respect to
such Class for all prior Distribution Dates.
"Value": With respect to any Mortgaged Property, the lesser of (a) an
amount determined by an appraisal done at origination of the Mortgage Loan and
(b) the purchase price paid for the related Mortgaged Property by the Mortgagor
with the proceeds of the Mortgage Loan; provided, however, that in the case of a
refinanced Mortgage Loan, the value of the Mortgaged Property is based solely
upon clause (a) above.
"Voting Rights": The portion of the voting rights of all of the
Certificates which is allocated to any Certificate. The Voting Rights allocated
among Holders of the Offered Certificates shall be 98%, and shall be allocated
among each such Class according to the fraction, expressed as a percentage, the
numerator of which is the aggregate Certificate Principal Balance of all the
Certificates of such Class then outstanding and the denominator of which is the
aggregate Certificate Principal Balance of all the Offered Certificates then
outstanding. The Voting Rights allocated to each such Class of Certificates
shall be allocated among all holders of each such Class in proportion to the
outstanding Certificate Principal Balance of such Certificates; provided,
however, that any Certificate registered in the name of the Servicer, the
Depositor or the Trustee or any of their respective affiliates shall not be
included in the calculation of Voting Rights; provided that only such
Certificates as are known by a Responsible Officer of the Trustee to be so
registered will be so excluded. One percent of all the Voting Rights will be
allocated to the Holders of each of the Class CE and Class P Certificates. The
Class R Certificates shall have no Voting Rights.
"Weighted Average Net Mortgage Rate": The weighted average (based on
Principal Balance as of the first day of the related Collection Period or, in
the case of the first Distribution Date, the Cut-off Date) of the Net Mortgage
Interest Rates of the Mortgage Loans, the Group 1 Mortgage Loans, the Group 2
Mortgage Loans or the Group Subordinate Amounts, as applicable, expressed for
each such Mortgage Loan as an annual rate and calculated on the basis of twelve
months consisting of 30 days each and a 360-day year.
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"Written Order to Authenticate": A written order by which the Depositor
directs the Trustee to execute, authenticate and deliver the Certificates.
"Yield Maintenance Agreement": Either of the Class A-2 Yield
Maintenance Agreement or the Class M Yield Maintenance Agreement.
"Yield Maintenance Agreement Payment": Either of the Class A-2 Yield
Maintenance Agreement Payment or the Class M Yield Maintenance Agreement
Payment.
"Yield Maintenance Agreement Provider": Either of the Class A-2 Yield
Maintenance Agreement Provider or the Class M Yield Maintenance Agreement
Provider.
Section 1.02 Accounting.
Unless otherwise specified herein, for the purpose of any definition or
calculation, whenever amounts are required to be netted, subtracted or added or
any distributions are taken into account such definition or calculation and any
related definitions or calculations shall be determined without duplication of
such functions.
Section 1.03 Rights of the NIMS Insurer.
Each of the rights of the NIMS Insurer set forth in this Agreement
shall exist so long as (i) the NIMS Insurer has undertaken to guarantee certain
payments of notes issued pursuant to the Indenture and (ii) any series of notes
issued pursuant to the Indenture remains outstanding or the NIMS Insurer is owed
amounts in respect of its guarantee of payment on such notes; provided, however,
the NIMS Insurer shall not have any rights hereunder (except pursuant to Section
11.01 in the case of clause (ii) below) during the period of time, if any, that
(i) the NIMS Insurer has not undertaken to guarantee certain payments of notes
issued pursuant to the Indenture or (ii) any default has occurred and is
continuing under the insurance policy issued by the NIMS Insurer with respect to
such notes.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01 Conveyance of Mortgage Loans.
The Depositor, concurrently with the execution and delivery hereof,
does hereby transfer, assign, set over and otherwise convey to the Trustee, on
behalf of the Trust, without recourse for the benefit of the Certificateholders
all of the right, title and interest of the Depositor, including any security
interest therein for the benefit of the Depositor, in and to (i) each Mortgage
Loan identified on the Mortgage Loan Schedules, including the related Cut-off
Date Principal Balance, all interest accruing thereon after the Cut-off Date and
all collections in respect of interest and principal due after the Cut-off Date;
(ii) property which secured each such Mortgage Loan and which has been acquired
by foreclosure or deed in lieu of foreclosure; (iii) its interest in any
insurance policies in respect of the Mortgage Loans; (iv) all other assets
included or to be included in the Trust Fund; (v) all proceeds of any of the
foregoing; (vi) the rights of the Depositor under the Consulting Agreement; and
(vii) the rights of the Depositor under the Originator Mortgage Loan Purchase
Agreement, the Assignment, Assumption and Recognition Agreement and the Mortgage
Loan Purchase Agreement. Such assignment includes all interest and principal due
to the Depositor or the Servicer after the Cut-off Date with respect to the
Mortgage Loans.
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In connection with such transfer and assignment, the Depositor
does hereby deliver to, and deposit with the Trustee, or its designated agent,
the following documents or instruments with respect to each Mortgage Loan (a
"Mortgage File") so transferred and assigned:
(a) the original Mortgage Note including any riders thereto, endorsed
either (A) in blank or (B) in the following form: "Pay to the order of
JPMorgan Chase Bank, as Trustee under the Pooling and Servicing
Agreement, dated as of July 1, 2004, among Asset Backed Funding
Corporation, Countrywide Home Loans Servicing LP and JPMorgan Chase
Bank, ABFC Asset-Backed Certificates, Series 2004-FF1, without
recourse," or with respect to any lost Mortgage Note, an original Lost
Note Affidavit, together with a copy of the related Mortgage Note;
(b) the original Mortgage with evidence of recording thereon including any
riders thereto, and the original recorded power of attorney, if the
Mortgage was executed pursuant to a power of attorney, with evidence of
recording thereon or, if such Mortgage or power of attorney has been
submitted for recording but has not been returned from the applicable
public recording office, has been lost or is not otherwise available, a
copy of such Mortgage or power of attorney, as the case may be,
certified to be a true and complete copy of the original submitted for
recording;
(c) an original Assignment, in form and substance acceptable for recording.
The Mortgage shall be assigned either (A) in blank or (B) to "JPMorgan
Chase Bank, as Trustee under the Pooling and Servicing Agreement, dated
as of July 1, 2004, among Asset Backed Funding Corporation, Countrywide
Home Loans Servicing LP, ABFC Asset-Backed Certificates, Series
2004-FF1, without recourse";
(d) the originals of all intervening Assignments (if any) evidencing a
complete chain of assignment from the applicable originator to the last
endorsee with evidence of recording thereon, or if any such intervening
assignment has not been returned from the applicable recording office
or has been lost or if such public recording office retains the
original recorded Assignments, the Servicer shall deliver or cause to
be delivered to the Trustee, a photocopy of such intervening
assignment, together with (A) in the case of a delay caused by the
public recording office, an Officers' Certificate of the Servicer (or
certified by the title company, escrow agent, or closing attorney)
stating that such intervening Assignment has been dispatched to the
appropriate public recording office for recordation and that such
original recorded intervening Assignment or a copy of such intervening
Assignment certified by the appropriate public recording office to be a
true and complete copy of the original recorded intervening assignment
of mortgage will be promptly delivered to the Trustee upon receipt
thereof by the Servicer; or (B) in the case of an intervening
assignment where a public recording office retains the original
recorded intervening assignment or in the case where an intervening
assignment is lost after recordation in a public recording office, a
copy of such intervening assignment certified by such public recording
office to be a true and complete copy of the original recorded
intervening assignment;
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(e) the original or a certified copy of lender's title insurance policy;
and
(f) the original or copies of each assumption, modification, written
assurance or substitution agreement, if any.
The Trustee agrees to execute and deliver to the Depositor on or prior
to the Closing Date an acknowledgment of receipt of the original Mortgage Note
(with any exceptions noted), substantially in the form attached as Exhibit F-3
hereto.
If any of the documents referred to in Section 2.01(b), (c) or (d)
above has as of the Closing Date been submitted for recording but either (x) has
not been returned from the applicable public recording office or (y) has been
lost or such public recording office has retained the original of such document,
the obligations of the Depositor to deliver such documents shall be deemed to be
satisfied upon (1) delivery to the Trustee no later than the Closing Date, of a
copy of each such document certified by the Seller in the case of (x) above or
the applicable public recording office in the case of (y) above to be a true and
complete copy of the original that was submitted for recording and (2) if such
copy is certified by the Seller, delivery to the Trustee, promptly upon receipt
thereof of either the original or a copy of such document certified by the
applicable public recording office to be a true and complete copy of the
original. If the original lender's title insurance policy was not delivered
pursuant to Section 2.01(e) above, the Seller shall deliver or cause to be
delivered to the Trustee, a written commitment or interim binder or preliminary
report of title issued by the title insurance or escrow company, with the
original to be delivered to the Trustee, promptly upon receipt thereof. The
Depositor shall deliver or cause to be delivered to the Trustee promptly upon
receipt thereof any other documents constituting a part of a Mortgage File
received with respect to any Mortgage Loan, including, but not limited to, any
original documents evidencing an assumption or modification of any Mortgage
Loan.
Upon discovery or receipt of notice of any materially defective
document in, or that a document is missing from, a Mortgage File, the Seller
shall have 120 days to cure such defect or 150 days following the Closing Date,
in the case of missing Mortgages or Assignments or deliver such missing document
to the Trustee. If the Seller does not cure such defect or deliver such missing
document within such time period, the Seller shall either repurchase or
substitute for such Mortgage Loan in accordance with Section 2.03.
The Depositor herewith delivers to the Trustee executed copies of the
Originator Mortgage Loan Purchase Agreement and the Mortgage Loan Purchase
Agreement.
It is agreed and understood by the parties hereto that it is not
intended that any mortgage loan be included in the Trust that is a "High-Cost
Home Loan" as defined in either (i) the New Jersey Home Ownership Act effective
November 27, 2003 or (ii) the New Mexico Home Loan Protection Act effective
January 1, 2004.
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Section 2.02 Acceptance by Trustee.
The Trustee acknowledges the receipt of, subject to the provisions of
Section 2.01 and subject to the review described below and any exceptions noted
on the exception report described in the next paragraph below, the documents
referred to in Section 2.01 above and all other assets included in the
definition of "Trust Fund" and declares that it holds and will hold such
documents and the other documents delivered to it constituting a Mortgage File,
and that it holds or will hold all such assets and such other assets included in
the definition of "Trust Fund" in trust for the exclusive use and benefit of all
present and future Certificateholders.
The Trustee reviewed, for the benefit of the Certificateholders, each
Mortgage File prior to the Closing Date (or, with respect to any document
delivered after the Startup Day, within 60 days of receipt and with respect to
any Qualified Substitute Mortgage, within 60 days after the assignment thereof)
and will certify in substantially the form attached hereto as Exhibit F-1 that,
as to each Mortgage Loan listed in the Mortgage Loan Schedules (other than any
Mortgage Loan paid in full or any Mortgage Loan specifically identified in the
exception report annexed thereto as not being covered by such certification),
(i) all documents required to be delivered to it pursuant to Section 2.01 of
this Agreement are in its possession, (ii) such documents have been reviewed by
it and have not been mutilated, damaged or torn and relate to such Mortgage Loan
and (iii) based on its examination and only as to the foregoing, the information
set forth in the Mortgage Loan Schedules that corresponds to items (1), (2),
(3), (10) and (22) of the Mortgage Loan Schedules accurately reflects
information set forth in the Mortgage File. It is herein acknowledged that, in
conducting such review, the Trustee is under no duty or obligation to inspect,
review or examine any such documents, instruments, certificates or other papers
to determine that they are genuine, enforceable, or appropriate for the
represented purpose or that they have actually been recorded or that they are
other than what they purport to be on their face.
Prior to the first anniversary date of this Agreement the Trustee shall
deliver to the Depositor, the Servicer and the NIMS Insurer a final
certification in the form annexed hereto as Exhibit F-2 evidencing the
completeness of the Mortgage Files, with any applicable exceptions noted
thereon.
If in the process of reviewing the Mortgage Files and making or
preparing, as the case may be, the certifications referred to above, the Trustee
finds any document or documents constituting a part of a Mortgage File to be
missing or defective in any material respect, at the conclusion of its review
the Trustee shall so notify the Seller, the Depositor, the NIMS Insurer and the
Servicer. In addition, upon the discovery by the Originator, the Seller, the
Depositor, the NIMS Insurer, the Trustee or the Servicer (or upon receipt by the
Trustee of written notification of such breach) of a breach of any of the
representations and warranties made by the Originator in the Originator Mortgage
Loan Purchase Agreement or the Seller in the Mortgage Loan Purchase Agreement in
respect of any Mortgage Loan which materially adversely affects such Mortgage
Loan or the interests of the related Certificateholders in such Mortgage Loan,
the party discovering such breach shall give prompt written notice to the other
parties.
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The Depositor and the Trustee intend that the assignment and transfer
herein contemplated constitute a sale of the Mortgage Loans and the Related
Documents, conveying good title thereto free and clear of any liens and
encumbrances, from the Depositor to the Trustee and that such property not be
part of the Depositor's estate or property of the Depositor in the event of any
insolvency by the Depositor. In the event that such conveyance is deemed to be,
or to be made as security for, a loan, the parties intend that the Depositor
shall be deemed to have granted and does hereby grant to the Trustee, on behalf
of the Trust, a first priority perfected security interest in all of the
Depositor's right, title and interest in and to the Mortgage Loans and the
Related Documents, and that this Agreement shall constitute a security agreement
under applicable law.
Section 2.03 Repurchase or Substitution of Mortgage Loans by the
Originator or the Seller.
(a) Upon discovery or receipt of written notice of any materially
defective document in, or that a document is missing from, a Mortgage File or
that any document in a Mortgage File is materially inconsistent with the related
Mortgage Loan Schedule or of the breach by the Originator or the Seller of any
representation or warranty under the Originator Mortgage Loan Purchase Agreement
or the Mortgage Loan Purchase Agreement, as applicable, in respect of any
Mortgage Loan which materially adversely affects the value of such Mortgage
Loan, Prepayment Charge or the interest therein of the Certificateholders, the
Trustee shall promptly notify the Originator or the Seller, as the case may be,
the Servicer and the NIMS Insurer of such defect, missing document or breach and
request that, in the case of a defective or missing document, the Seller cure
such defect or deliver such missing document within 120 days from the date the
Seller was notified of such missing document or defect or, in the case of a
beach of a representation or warranty, request the Originator or the Seller, as
applicable, cure such breach within 90 days from the date the Originator or the
Seller, as the case may be, was notified of such breach. If the Seller does not
deliver such missing document or cure such defect or if the Originator or the
Seller, as applicable, does not cure such breach in all material respects during
such period, the Trustee shall enforce the Originator's or the Seller's
obligation, as the case may be, under the Originator Mortgage Loan Purchase
Agreement or the Mortgage Loan Purchase Agreement, as applicable, and cause the
Originator or the Seller, as applicable, to repurchase such Mortgage Loan from
the Trust Fund at the Purchase Price on or prior to the Determination Date
following the expiration of such period (subject to Section 2.03(d)). The
Purchase Price for the repurchased Mortgage Loan shall be deposited in the Trust
Collection Account, and the Trustee, upon receipt of written notice from the
Servicer of such deposit, shall release to the Originator or the Seller, as
applicable, the related Mortgage File and shall execute and deliver such
instruments of transfer or assignment, in each case without recourse, as the
Originator or the Seller, as applicable, shall furnish to it and as shall be
necessary to vest in the Originator or the Seller, as the case may be, any
Mortgage Loan released pursuant hereto and the Trustee shall have no further
responsibility with regard to such Mortgage File. In lieu of repurchasing any
such Mortgage Loan as provided above, the Originator or the Seller, as the case
may be, may cause such Mortgage Loan to be removed from the Trust Fund (in which
case it shall become a Defective Mortgage Loan) and substitute one or more
Eligible Substitute Mortgage Loans in the manner and subject to the limitations
set forth in Section 2.03(c); provided, however, the Originator or the Seller,
as applicable, may not substitute an Eligible Substitute Mortgage Loan for any
Deleted Mortgage Loan that violates any predatory or abusive lending law.
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With respect to the representations and warranties set forth in the
Originator Mortgage Loan Purchase Agreement and the Mortgage Loan Purchase
Agreement that are made to the best of the Originator's or the Seller's
knowledge, as applicable, or as to which the Originator or the Seller, as the
case may be, has no knowledge, if it is discovered by the Depositor, the
Servicer, the NIMS Insurer or the Trustee that the substance of such
representation and warranty is inaccurate and such inaccuracy materially and
adversely affects the value of the related Mortgage Loan, Prepayment Charge or
the interest therein of the Certificateholders then, notwithstanding the
Originator's or the Seller's lack of knowledge with respect to the substance of
such representation and warranty being inaccurate at the time the representation
or warranty was made, such inaccuracy shall be deemed a breach of the applicable
representation or warranty.
It is understood and agreed that the representations and warranties set
forth in the Originator Mortgage Loan Purchase Agreement and the Mortgage Loan
Purchase Agreement shall survive delivery of the Mortgage Files to the Trustee
and the Closing Date and shall inure to the benefit of the Certificateholders
notwithstanding any restrictive or qualified endorsement or assignment. It is
understood and agreed that the obligations of the Originator and the Seller set
forth in this Section 2.03(a) to cure, substitute for or repurchase a Mortgage
Loan pursuant to the Originator Mortgage Loan Purchase Agreement or the Mortgage
Loan Purchase Agreement, as applicable, and to pay the Reimbursement Amount
constitute the sole remedies available to the Certificateholders and to the
Trustee on their behalf respecting a breach of the representations and
warranties contained in the Mortgage Loan Purchase Agreement.
The representations and warranties of the Originator with respect to
the Mortgage Loans in the Originator Mortgage Loan Purchase Agreement, which
have been assigned to the Trustee hereunder, were made as of the dates specified
in the Originator Mortgage Loan Purchase Agreement. To the extent that any fact,
condition or event with respect to a Mortgage Loan constitutes a breach of both
(i) a representation or warranty of the Originator under the Originator Mortgage
Loan Purchase Agreement and (ii) a representation or warranty of the Seller
under the Mortgage Loan Purchase Agreement (other than Seller's representations
with respect to predatory and abusive lending laws in Sections 3.01(i), 3.01(ii)
and 3.01(iii) of the Mortgage Loan Purchase Agreement), the only right or remedy
of the Trustee or of any Certificateholder shall be the Trustee's right to
enforce the obligations of the Originator under any applicable representation or
warranty made by it. The Trustee acknowledges that the Seller shall have no
obligation or liability with respect to any breach of a representation or
warranty made by it with respect to the Mortgage Loans (except as otherwise set
forth in this paragraph) if the fact, condition or event constituting such
breach also constitutes a breach of a representation or warranty made by the
Originator in the Originator Mortgage Loan Purchase Agreement, without regard to
whether the Originator fulfills its contractual obligations in respect of such
representation or warranty. In addition, to the extent that any fact, condition
or event with respect to a Mortgage Loan constitutes a breach of both (x) the
Originator's representation with respect to predatory and abusive lending laws
in Section 3.02(i) of the Originator Mortgage Loan Purchase Agreement and (y)
the Seller's representation with respect to predatory and abusive lending laws
in Section 3.01(i), 3.01(ii) or 3.01(iii) of the Mortgage Loan Purchase
Agreement, the Originator shall be obligated to pay the Reimbursement Amount
relating to such Mortgage Loan, and, to the extent the Originator fails to do
so, the Trustee shall be entitled to enforce the Seller's obligation to pay such
Reimbursement Amount. In any event, the Reimbursement Amount shall be delivered
to the Servicer for deposit into the Trust Collection Account within ten (10)
days from the date the Seller was notified by the Trustee of the Reimbursement
Amount.
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(b) Within 90 days of the earlier of discovery by the Servicer or
receipt of notice by the Servicer of the breach of any representation, warranty
or covenant of the Servicer set forth in Section 2.05 which materially and
adversely affects the interests of the Certificateholders in any Mortgage Loan,
the Servicer shall cure such breach in all material respects.
(c) Any substitution of Eligible Substitute Mortgage Loans for
Defective Mortgage Loans made pursuant to Section 2.03(a) must be effected prior
to the last Business Day that is within two years after the Closing Date. As to
any Defective Mortgage Loan for which the Originator or the Seller substitutes
an Eligible Substitute Mortgage Loan or Loans, such substitution shall be
effected by the Originator or the Seller, as applicable, delivering to the
Trustee for such Eligible Substitute Mortgage Loan or Loans, the Mortgage Note,
the Mortgage, the Assignment to the Trustee, and such other documents and
agreements, with all necessary endorsements thereon, as are required by Section
2.01, together with an Officers' Certificate providing that each such Eligible
Substitute Mortgage Loan satisfies the definition thereof and specifying the
Substitution Adjustment Amount (as described below), if any, in connection with
such substitution. The Trustee shall acknowledge receipt for such Eligible
Substitute Mortgage Loan or Loans and, within ten (10) Business Days thereafter,
shall review such documents as specified in Section 2.02 and deliver to the
Servicer and the NIMS Insurer, with respect to such Eligible Substitute Mortgage
Loan or Loans, a certification substantially in the form attached hereto as
Exhibit F-1, with any applicable exceptions noted thereon. Within one year of
the date of substitution, the Trustee shall deliver to the Servicer and the NIMS
Insurer a certification substantially in the form of Exhibit F-2 hereto with
respect to such Eligible Substitute Mortgage Loan or Loans, with any applicable
exceptions noted thereon. Monthly Payments due with respect to Eligible
Substitute Mortgage Loans in the month of substitution are not part of the Trust
Fund and will be retained by the Originator or the Seller, as applicable. For
the month of substitution, distributions to Certificateholders will reflect the
collections and recoveries in respect of such Defective Mortgage Loan in the
Collection Period or Prepayment Period, as applicable, preceding the date of
substitution and the Depositor, the Originator or the Seller, as the case may
be, shall thereafter be entitled to retain all amounts subsequently received in
respect of such Defective Mortgage Loan. The Depositor shall give or cause to be
given written notice to the Certificateholders and the NIMS Insurer that such
substitution has taken place, shall amend the applicable Mortgage Loan Schedule
to reflect the removal of such Defective Mortgage Loan from the terms of this
Agreement and the substitution of the Eligible Substitute Mortgage Loan or Loans
and shall deliver a copy of such amended Mortgage Loan Schedule to the Trustee
and the NIMS Insurer. Upon such substitution, such Eligible Substitute Mortgage
Loan or Loans shall constitute part of the Mortgage Pool and shall be subject in
all respects to the terms of this Agreement and, in the case of a substitution
effected by the Originator or the Seller, the Originator Mortgage Loan Purchase
Agreement or the Mortgage Loan Purchase Agreement, as the case may be,
including, in the case of a substitution effected by the Originator or the
Seller, all applicable representations and warranties thereof included in the
Originator Mortgage Loan Purchase Agreement or the Mortgage Loan Purchase
Agreement, as the case may be, as of the date of substitution.
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For any month in which the Originator or the Seller substitutes one or
more Eligible Substitute Mortgage Loans for one or more Defective Mortgage
Loans, the Servicer will determine the amount (the "Substitution Adjustment
Amount"), if any, by which the aggregate Purchase Price of all such Defective
Mortgage Loans exceeds the aggregate, as to each such Eligible Substitute
Mortgage Loan, of the principal balance thereof as of the date of substitution,
together with one month's interest on such principal balance at the applicable
Net Mortgage Interest Rate. On the date of such substitution, the Originator or
the Seller, as the case may be, will deliver or cause to be delivered to the
Servicer for deposit in the Trust Collection Account an amount equal to the
Substitution Adjustment Amount, if any, and the Trustee, upon receipt of the
related Eligible Substitute Mortgage Loan or Loans and notice by the Servicer of
such deposit, shall release to the Originator or the Seller, as applicable, the
related Mortgage File or Files and shall execute and deliver such instruments of
transfer or assignment, in each case without recourse, as the Originator or the
Seller, as the case may be, shall deliver to it and as shall be necessary to
vest therein any Defective Mortgage Loan released pursuant hereto. In addition,
in connection with the substitution of one or more Eligible Substitute Mortgage
Loans for one or more Defective Mortgage Loans, in the event the Trust incurs
costs or damages arising in connection with a breach of the Originator's
representations with respect to predatory or abusive lending laws set forth in
Section 3.02(i) of the Originator Mortgage Loan Purchase Agreement, the Seller
shall be required to reimburse the Trust for the Reimbursement Amount pursuant
to the Mortgage Loan Purchase Agreement.
In addition, the Originator or the Seller, as applicable, shall obtain
at its own expense and deliver to the Trustee and the NIMS Insurer an Opinion of
Counsel to the effect that such substitution will not cause an Adverse REMIC
Event. If such Opinion of Counsel can not be delivered, then such substitution
may only be effected at such time as the required Opinion of Counsel can be
given.
(d) Upon discovery by the Originator, the Seller, the Servicer, the
NIMS Insurer or the Trustee that any Mortgage Loan does not constitute a
"qualified mortgage" within the meaning of Section 860G(a)(3) of the Code, the
party discovering such fact shall within two Business Days give written notice
thereof to the other parties. In connection therewith, the Originator or the
Seller, as applicable, shall repurchase or, subject to the limitations set forth
in Section 2.03(c), substitute one or more Eligible Substitute Mortgage Loans
for the affected Mortgage Loan within 90 days of the earlier of discovery or
receipt of such notice with respect to such affected Mortgage Loan. In addition,
upon discovery that a Mortgage Loan is defective in a manner that would cause it
to be a "defective obligation" within the meaning of Treasury Regulations
relating to REMICs, the Originator or the Seller, as the case may be, shall cure
the defect or make the required purchase or substitution no later than 90 days
after the discovery of the defect. Any such repurchase or substitution shall be
made in the same manner as set forth in Section 2.03(a). The Trustee shall
reconvey to the Originator or the Seller, as applicable, the Mortgage Loan to be
released pursuant hereto in the same manner, and on the same terms and
conditions, as it would a Mortgage Loan repurchased for breach of a
representation or warranty.
Section 2.04 Execution of Yield Maintenance Agreements.
The Depositor hereby directs the Trustee to enter into and execute the
Class A-2 Yield Maintenance Agreement and the Class M Yield Maintenance
Agreement on the Closing Date on behalf of the Trust for the benefit of the
Holders of the Class A-2 Certificates and Class M Certificates, respectively.
The Depositor, the Servicer and the Holders of the Class A-2 and Class M
Certificates (by their acceptance of such Certificates) acknowledge that
JPMorgan Chase Bank is entering into the Class A-2 Yield Maintenance Agreement
and the Class M Yield Maintenance Agreement solely in its capacity as Trustee of
the Trust Fund and not in its individual capacity.
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Section 2.05 Representations, Warranties and Covenants of the Servicer.
The Servicer hereby represents, warrants and covenants to the Trustee,
for the benefit of each of the Trustee and the Certificateholders and to the
Depositor and the NIMS Insurer that as of the Closing Date or as of such date
specifically provided herein:
(i) The Servicer is a limited liability company duly
organized, validly existing and in good standing under the laws of the
State of Texas and has all licenses necessary to carry on its business
as now being conducted, except for such licenses, certificates and
permits the absence of which, individually or in the aggregate, would
not have a material adverse effect on the ability of the Servicer to
conduct its business as it is presently conducted, and is licensed,
qualified and in good standing in each state where a Mortgaged Property
is located if the laws of such state require licensing or qualification
in order to conduct business of the type conducted by the Servicer or
to ensure the enforceability or validity of each Mortgage Loan; the
Servicer has the power and authority to execute and deliver this
Agreement and to perform in accordance herewith; the execution,
delivery and performance of this Agreement (including all instruments
of transfer to be delivered pursuant to this Agreement) by the Servicer
and the consummation of the transactions contemplated hereby have been
duly and validly authorized; and all requisite action has been taken by
the Servicer to make this Agreement valid and binding upon the Servicer
in accordance with its terms;
(ii) The consummation of the transactions contemplated by this
Agreement are in the ordinary course of business of the Servicer and
will not result in the breach of any term or provision of the
organizational documents of the Servicer or result in the breach of any
term or provision of, or conflict with or constitute a default under or
result in the acceleration of any obligation under, any agreement,
indenture or loan or credit agreement or other instrument to which the
Servicer or its property is subject, or result in the violation of any
law, rule, regulation, order, judgment or decree to which the Servicer
or its property is subject;
(iii) The Servicer is an approved seller/servicer of
conventional residential mortgage loans for Xxxxxx Xxx or Xxxxxxx Mac,
with the facilities, procedures, and experienced personnel necessary
for the sound servicing of mortgage loans of the same type as the
Mortgage Loans. The Servicer is a HUD approved mortgagee pursuant to
Section 203 of the National Housing Act and is in good standing to sell
mortgage loans to and service mortgage loans for Xxxxxx Mae or Xxxxxxx
Mac, and no event has occurred, including but not limited to a change
in insurance coverage, which would make the Servicer unable to comply
with Xxxxxx Mae or Xxxxxxx Mac eligibility requirements or which would
require notification to either Xxxxxx Mae or Xxxxxxx Mac;
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(iv) This Agreement, and all documents and instruments
contemplated hereby which are executed and delivered by the Servicer,
constitute and will constitute valid, legal and binding obligations of
the Servicer, enforceable in accordance with their respective terms,
except as the enforcement thereof may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar
laws affecting the enforcement of creditors' rights generally (whether
considered in a proceeding at law or in equity);
(v) The Servicer does not believe, nor does it have any reason
or cause to believe, that it cannot perform each and every covenant
contained in this Agreement;
(vi) There is no action, suit, proceeding or investigation
pending or, to its knowledge, threatened against the Servicer that,
either individually or in the aggregate, may result in any material
adverse change in the business, operations, financial condition,
properties or assets of the Servicer, or in any material impairment of
the right or ability of the Servicer to carry on its business
substantially as now conducted, or in any material liability on the
part of the Servicer, or that would draw into question the validity or
enforceability of this Agreement or of any action taken or to be taken
in connection with the obligations of the Servicer contemplated herein,
or that would be likely to impair materially the ability of the
Servicer to perform under the terms of this Agreement;
(vii) No consent, approval or order of any court or
governmental agency or body is required for the execution, delivery and
performance by the Servicer of or compliance by the Servicer with this
Agreement or the consummation of the transactions contemplated by this
Agreement, except for such consents, approvals, authorizations and
orders, if any, that have been obtained;
(viii) No information in this Agreement provided by the
Servicer nor any information, certificate of an officer, statement
furnished in writing or report delivered to the Trustee by the Servicer
in connection with the transactions contemplated hereby contains or
will contain any untrue statement of a material fact or omits or will
omit to state a material fact necessary in order to make the statements
contained therein, in light of the circumstances under which they were
made, not misleading;
(ix) The Servicer has fully furnished, and shall continue to
fully furnish for so long as it is servicing the Mortgage Loans
hereunder, in accordance with the Fair Credit Reporting Act and its
implementing regulations, accurate and complete information on the
Mortgagor credit files to Equifax, Experian and Trans Union Credit
Information Company on a monthly basis;
(x) The Servicer is a member of MERS in good standing; and
(xi) The Servicer acknowledges and agrees that the Servicing
Fee represents reasonable compensation for performing such services and
that the entire Servicing Fee shall be treated by the Servicer, for
accounting and tax purposes, as compensation for the servicing and
administration of the Mortgage Loans pursuant to this Agreement.
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It is understood and agreed that the representations, warranties and
covenants set forth in this Section 2.05 shall survive delivery of the Mortgage
Files to the Trustee and shall inure to the benefit of the Trustee, the
Depositor, the NIMS Insurer and the Certificateholders. Upon discovery by any of
the Depositor, the Servicer, the NIMS Insurer or the Trustee of a breach of any
of the foregoing representations, warranties and covenants which materially and
adversely affects the value of any Mortgage Loan, Prepayment Charge or the
interests therein of the Certificateholders, the party discovering such breach
shall give prompt written notice (but in no event later than two Business Days
following such discovery) to the other parties hereto.
Section 2.06 Representations and Warranties of the Depositor.
The Depositor represents and warrants to the Trust and the Trustee on
behalf of the Certificateholders and to the Servicer and the NIMS Insurer as
follows:
(i) This agreement constitutes a legal, valid and binding
obligation of the Depositor, enforceable against the Depositor in
accordance with its terms, except as enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or other
similar laws now or hereafter in effect affecting the enforcement of
creditors' rights in general and except as such enforceability may be
limited by general principles of equity (whether considered in a
proceeding at law or in equity);
(ii) Immediately prior to the sale and assignment by the
Depositor to the Trustee on behalf of the Trust of each Mortgage Loan,
the Depositor had good and marketable title to each Mortgage Loan
(insofar as such title was conveyed to it by the Seller) subject to no
prior lien, claim, participation interest, mortgage, security interest,
pledge, charge or other encumbrance or other interest of any nature;
(iii) As of the Closing Date, the Depositor has transferred
all right, title interest in the Mortgage Loans to the Trustee on
behalf of the Trust;
(iv) The Depositor has not transferred the Mortgage Loans to
the Trustee on behalf of the Trust with any intent to hinder, delay or
defraud any of its creditors;
(v) The Depositor has been duly incorporated and is validly
existing as a corporation in good standing under the laws of the State
of Delaware, with full corporate power and authority to own its assets
and conduct its business as presently being conducted;
(vi) The Depositor is not in violation of its certificate of
incorporation or by-laws or in default in the performance or observance
of any material obligation, agreement, covenant or condition contained
in any contract, indenture, mortgage, loan agreement, note, lease or
other instrument to which the Depositor is a party or by which it or
its properties may be bound, which default might result in any material
adverse changes in the financial condition, earnings, affairs or
business of the Depositor or which might materially and adversely
affect the properties or assets, taken as a whole, of the Depositor;
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(vii) The execution, delivery and performance of this
Agreement by the Depositor, and the consummation of the transactions
contemplated thereby, do not and will not result in a material breach
or violation of any of the terms or provisions of, or, to the knowledge
of the Depositor, constitute a default under, any indenture, mortgage,
deed of trust, loan agreement or other agreement or instrument to which
the Depositor is a party or by which the Depositor is bound or to which
any of the property or assets of the Depositor is subject, nor will
such actions result in any violation of the provisions of the
certificate of incorporation or by-laws of the Depositor or, to the
best of the Depositor's knowledge without independent investigation,
any statute or any order, rule or regulation of any court or
governmental agency or body having jurisdiction over the Depositor or
any of its properties or assets (except for such conflicts, breaches,
violations and defaults as would not have a material adverse effect on
the ability of the Depositor to perform its obligations under this
Agreement);
(viii) To the best of the Depositor's knowledge without any
independent investigation, no consent, approval, authorization, order,
registration or qualification of or with any court or governmental
agency or body of the United States or any other jurisdiction is
required for the issuance of the Certificates, or the consummation by
the Depositor of the other transactions contemplated by this Agreement,
except such consents, approvals, authorizations, registrations or
qualifications as (a) may be required under State securities or Blue
Sky laws, (b) have been previously obtained or (c) the failure of which
to obtain would not have a material adverse effect on the performance
by the Depositor of its obligations under, or the validity or
enforceability of, this Agreement; and
(ix) There are no actions, proceedings or investigations
pending before or, to the Depositor's knowledge, threatened by any
court, administrative agency or other tribunal to which the Depositor
is a party or of which any of its properties is the subject: (a) which
if determined adversely to the Depositor would have a material adverse
effect on the business, results of operations or financial condition of
the Depositor; (b) asserting the invalidity of this Agreement or the
Certificates; (c) seeking to prevent the issuance of the Certificates
or the consummation by the Depositor of any of the transactions
contemplated by this Agreement, as the case may be; (d) which might
materially and adversely affect the performance by the Depositor of its
obligations under, or the validity or enforceability of, this
Agreement.
Section 2.07 Issuance of Certificates and the Uncertificated Regular
Interests.
The Trustee acknowledges the assignment to it of the Mortgage Loans and
the delivery to it of the Mortgage Files, subject to the provisions of Sections
2.01 and 2.02, and the Trustee acknowledges the assignment to it of all other
assets included in the Trust Fund, receipt of which is hereby acknowledged.
Concurrently with such assignment and delivery and in exchange therefor, the
Trustee, pursuant to the Written Order to Authenticate executed by an officer of
the Depositor, has executed, and the Certificate Registrar has authenticated and
delivered to or upon the order of the Depositor, the Certificates (other than
the Class CE, Class P and Class R Certificates) in minimum dollar denominations
or $25,000 and integral dollar multiples of $1 in excess. The Class CE and Class
P and Class R Certificates are issuable only in minimum Percentage Interests of
10%. The Class R Certificate is issuable only as a single certificate. The
Trustee acknowledges the issuance of the uncertificated REMIC 1 Regular
Interests and declares that it hold such regular interests as assets of REMIC 2.
The Trustee acknowledges the obligation of the Class CE Certificates to pay Cap
Carryover Amounts, and declares that it hold the same as assets of the Grantor
Trust on behalf of the Holders of the Class X-0, Xxxxx X-0, Class M-1, Class
M-2, Class M-3, Class M-4, Class M-5, Class M-6 and Class M-7 Certificates,
respectively, which shall be treated as beneficially owning the right to receive
the Cap Carryover Amounts from the Grantor Trust. In addition to the assets
described in the preceding sentence, the assets of the Grantor Trust shall also
include (i) Prepayment Charges, any Originator Prepayment Charge Payment
Amounts, any Servicer Prepayment Charge Payment Amounts and the beneficial
interest of the Class P Certificates with respect thereto and (ii) the Yield
Maintenance Agreements, the Reserve Accounts and the beneficial interest of the
Class CE Certificates with respect thereto, subject to the obligation to pay Cap
Carryover Amounts. The interests evidenced by the Certificates constitute the
entire beneficial ownership interest in the Trust Fund.
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ARTICLE III
ADMINISTRATION AND SERVICING
OF THE TRUST FUND
Section 3.01 Servicer to Act as Servicer.
The Servicer, as independent contract servicer, shall service and
administer the Mortgage Loans on behalf of the Trust and in the best interests
of and for the benefit of the Certificateholders in accordance with this
Agreement and the normal and usual standards of practice of prudent mortgage
servicers servicing similar mortgage loans and, to the extent consistent with
such terms, in the same manner in which it services and administers similar
mortgage loans for its own portfolio, and shall have full power and authority,
acting alone, to do or cause to be done any and all things in connection with
such servicing and administration which the Servicer may deem necessary or
desirable and consistent with the terms of this Agreement (the "Servicing
Standard").
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Consistent with the terms of this Agreement, the Servicer may waive,
modify or vary any term of any Mortgage Loan or consent to the postponement of
strict compliance with any such term or in any manner grant indulgence to any
Mortgagor if in the Servicer's reasonable and prudent determination such waiver,
modification, postponement or indulgence is not materially adverse to the
Certificateholders; provided, however, that the Servicer shall not make future
advances and, except as set forth in the following sentence or Section 3.03, the
Servicer shall not permit any modification with respect to any Mortgage Loan
that would (i) change the Mortgage Interest Rate, defer or forgive the payment
thereof of any principal or interest payments, reduce the outstanding principal
amount (except for actual payments of principal) or extend the final maturity
date with respect to such Mortgage Loan or (ii) cause an Adverse REMIC Event.
Notwithstanding anything to the contrary contained in this Agreement, in the
event that any Mortgage Loan is in default or, if such default is reasonably
foreseeable, the Servicer, consistent with the standards set forth in this
Section 3.01, may also waive, modify or vary any term of such Mortgage Loan
(including modifications that would change the Mortgage Rate, forgive the
payment of principal or interest, extend the final maturity date of such
Mortgage Loan (including modifications that would change the Mortgage Rate,
forgive the payment of principal or interest, extend the final maturity date of
such Mortgage Loan or waive, in whole or in part, a Prepayment Charge)), accept
payment from the related Mortgagor of an amount less than the unpaid Principal
Balance in final satisfaction of such Mortgage Loan, or consent to the
postponement of strict compliance with any such term or otherwise grant
indulgence to any Mortgagor (any and all such waivers, modifications, variances,
forgiveness of principal or interest, postponements, or indulgences collectively
referred to herein as "forbearance"); provided, however, that the final maturity
date of any Mortgage Loan may not be extended beyond the Assumed Final
Distribution Date. The Servicer's analysis supporting any forbearance and the
conclusion that any forbearance meets the standards of this Section 3.01 shall
be reflected in writing in the Servicing File. Notwithstanding the foregoing,
the Servicer shall not permit any modification with respect to any Mortgage Loan
that would both (x) effect an exchange or reissuance of such Mortgage Loan under
Section 1.860G-2(b) of the Treasury Regulations and (y) cause an Adverse REMIC
Event. The NIMS Insurer's prior written consent shall be required for any
modification, waiver or amendment if the aggregate number of outstanding
Mortgage Loans which have been modified, waived or amended exceeds 5% of the
number of Mortgage Loans as of the Cut-off Date. Without limiting the generality
of the foregoing, the Servicer shall continue, and is hereby authorized and
empowered to execute and deliver on behalf of itself, and the Trustee, all
instruments of satisfaction or cancellation, or of partial or full release,
discharge and all other comparable instruments, with respect to the Mortgage
Loans and with respect to the Mortgaged Property. The Servicer shall make all
required Servicing Advances and shall service and administer the Mortgage Loans
in accordance with Applicable Regulations, and shall provide to the Mortgagor
any reports required to be provided to them thereby. The Trustee shall execute
and deliver to the Servicer within at least fifteen (15) Business Days of
receipt, upon request, any powers of attorney furnished to it by the Servicer
empowering the Servicer to execute and deliver instruments of satisfaction or
cancellation, or of partial or full release or discharge, and to foreclose upon
or otherwise liquidate any Mortgaged Property, and to appeal, prosecute or
defend in any court action relating to the Mortgage Loans or the Mortgaged
Properties, in accordance with this Agreement, and the Trustee shall execute and
deliver such other documents as the Servicer may request, necessary or
appropriate to enable the Servicer to service and administer the Mortgage Loans
and carry out its duties hereunder, in each case in accordance with Servicing
Standard (and the Trustee shall have no liability for misuse of any such powers
of attorney by the Servicer). Notwithstanding anything contained herein to the
contrary, the Servicer shall not without the Trustee's written consent: (i)
initiate any action, suit or proceeding solely under the Trustee's name without
indicating the Servicer's representative capacity or (ii) take any action with
the intent to cause, and which results in, the Trustee being registered to do
business in any state.
In servicing and administering the Mortgage Loans, the Servicer shall
employ procedures including collection procedures and exercise the same care
that it customarily employs and exercises in servicing and administering
mortgage loans for its own account giving due consideration to accepted mortgage
servicing practices of prudent lending institutions and the Certificateholders'
reliance on the Servicer.
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The Servicer shall give prompt notice to the Trustee of any action, of
which the Servicer has actual knowledge, to (i) assert a claim against the Trust
Fund or (ii) assert jurisdiction over the Trust Fund.
Notwithstanding anything in this Agreement to the contrary, in the
event of a voluntary Principal Prepayment in full of a Mortgage Loan, the
Servicer may not waive any Prepayment Charge or portion thereof required by the
terms of the related Mortgage Note unless (i)(a) the Servicer determines that
such waiver is standard and customary in servicing similar mortgage loans, (b)
such waiver relates to a default or a reasonably foreseeable default and (c)
would, in the reasonable judgment of the Servicer, maximize recovery of
Liquidation Proceeds for such Mortgage Loan, taking into account the value of
such Prepayment Charge; (ii) the enforceability thereof is limited (1) by
bankruptcy, insolvency, moratorium, receivership, or other similar law relating
to creditors' rights generally or (2) due to acceleration in connection with a
foreclosure or other involuntary payment; (iii) such Prepayment Charge is not
permitted to be collected by Applicable Regulations or (iv) the collection of
such Prepayment Charge would be considered "predatory" pursuant to written
guidance published or issued by any applicable federal, state or local
regulatory authority acting in its official capacity and having jurisdiction
over such matters. If the Servicer has waived or does not collect all or a
portion of a Prepayment Charge relating to a voluntary Principal Prepayment in
full due to any action or omission of the Servicer, other than as provided
above, the Servicer shall, on the date on which the Principal Prepayment in full
is remitted to the Trustee, deliver to the Trustee the Servicer Prepayment
Charge Amount with respect to such Mortgage Loan for distribution in accordance
with the terms of this Agreement.
In the event that a Prepayment Charge due with respect to any Mortgage
Loan is not timely received by the Servicer, the Servicer shall use commercially
reasonable efforts to determine whether the Originator is obligated to pay a
related Originator Prepayment Charge Payment Amount, and if the Servicer
determines that a Originator Prepayment Charge Payment Amount is due, the
Servicer shall promptly notify the Originator, and the Servicer shall enforce
the Originator's obligations to pay in a timely manner any such Originator
Prepayment Charge Payment Amounts and, to the extent that such amounts are
received by the Servicer, shall cause such amounts to be deposited into the
Trust Collection Account within one Business Day of receipt.
Section 3.02 Collection of Mortgage Loan Payments.
Continuously from the date hereof until the principal and interest on
all Mortgage Loans are paid in full or as long as the Mortgage Loan remains
subject to this Agreement, the Servicer will diligently collect all payments due
under each Mortgage Loan when the same shall become due and payable and shall,
to the extent such procedures shall be consistent with this Agreement and
Applicable Regulations, follow such collection procedures as it follows with
respect to mortgage loans comparable to the Mortgage Loans and held for its own
account. Further, the Servicer will take special care in ascertaining and
estimating on escrowed Mortgage Loans annual ground rents, taxes, assessments,
water rates, fire and hazard insurance premiums, mortgage insurance premiums,
and all other charges that, as provided in the Mortgage, will become due and
payable to that end that the installments payable by the Mortgagors will be
sufficient to pay such charges as and when they become due and payable.
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Section 3.03 Realization Upon Defaulted Mortgage Loans.
In the event that any payment due under any Mortgage Loan is not paid
when the same becomes due and payable, or in the event the Mortgagor fails to
perform any other covenant or obligation under the Mortgage Loan and such
failure continues beyond any applicable grace period, the Servicer shall take
such action as it shall deem to be in the best interest of the
Certificateholders. With respect to any defaulted Mortgage Loan, the Servicer
shall have the right to review the status of the related forbearance plan and,
subject to the second paragraph of Section 3.01, may modify such forbearance
plan; including extending the Mortgage Loan repayment date for a period of one
year or reducing the Mortgage Interest Rate up to 50 basis points.
In connection with a foreclosure or other conversion, the Servicer
shall exercise such rights and powers vested in it hereunder and use the same
degree of care and skill in its exercise as prudent mortgage servicers would
exercise or use under the circumstances in the conduct of their own affairs and
consistent with Applicable Regulations and the Servicing Standard, including,
without limitation, advancing funds for the payment of taxes and insurance
premiums.
Notwithstanding the foregoing provisions of this Section 3.03, with
respect to any Mortgage Loan as to which the Servicer has received actual notice
of, or has actual knowledge of, the presence of any toxic or hazardous substance
on the related Mortgaged Property, the Servicer shall not either (i) obtain
title to such Mortgaged Property as a result of or in lieu of foreclosure or
otherwise, or (ii) otherwise acquire possession of, or take any other action
with respect to, such Mortgaged Property if, as a result of any such action, the
Trust would be considered to hold title to, to be a mortgagee-in-possession of,
or to be an owner or operator of such Mortgaged Property within the meaning of
the Comprehensive Environmental Response, Compensation and Liability Act of
1980, as amended from time to time, or any comparable law, unless the Servicer
has received the prior written consent of the NIMS Insurer and has received a
prudent report prepared by a Person who regularly conducts environmental audits
using customary industry standards, that:
A. such Mortgaged Property is in compliance with applicable
environmental laws or, if not, that it would be in the best economic interest of
the Certificateholders to take such actions as are necessary to bring the
Mortgaged Property into compliance therewith; and
B. there are no circumstances present at such Mortgaged Property
relating to the use, management or disposal of any hazardous substances,
hazardous materials, hazardous wastes, or petroleum-based materials for which
investigation, testing, monitoring, containment, clean-up or remediation could
be required under any federal, state or local law or regulation, or that if any
such materials are present for which such action could be required, that it
would be in the best economic interest of the Certificateholders to take such
actions with respect to the affected Mortgaged Property.
The cost of the environmental audit report contemplated by this Section
3.03 shall be advanced by the Servicer, subject to the Servicer's right to be
reimbursed therefor from the Trust Collection Account as provided in Section
3.05(a)(iv).
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If the Servicer determines, as described above, that it is in the best
economic interest of the Certificateholders to take such actions as are
necessary to bring any such Mortgaged Property into compliance with applicable
environmental laws, or to take such action with respect to the containment,
clean-up or remediation of hazardous substances, hazardous materials, hazardous
wastes, or petroleum-based materials affecting any such Mortgaged Property, then
the Servicer shall take such action as it deems to be in the best economic
interest of the Certificateholders. The cost of any such compliance,
containment, clean-up or remediation shall be advanced by the Servicer, subject
to the Servicer's right to be reimbursed therefor from the Trust Collection
Account as provided in Section 3.05(a).
Section 3.04 Collection Accounts, Distribution Account and Reserve
Accounts.
(a) The Servicer shall segregate and hold all funds collected and
received pursuant to each Mortgage Loan separate and apart from any of its own
funds and general assets and shall establish and maintain certain Collection
Accounts. Each Collection Account shall be an Eligible Account.
The Servicer shall deposit or cause to be deposited on a daily basis
and in no event more than one Business Day after receipt thereof in the clearing
account (which must be an Eligible Account) in which it customarily deposits
payments and collections on mortgage loans in connection with its mortgage loan
servicing activities, and shall thereafter deposit in the Trust Collection
Account, in no event more than one Business Day after deposit of such funds in
the clearing account, and retain therein, the following payments and collections
received or made by it after the Cut-off Date with respect to the Mortgage Loans
(other than in respect of principal and interest due on or before the Cut-off
Date):
(i) all payments on account of principal, including Principal
Prepayments, on the Mortgage Loans;
(ii) all payments on account of interest on the Mortgage Loans
(other than the applicable percentage (based on the DA Dividend Rate)
of interest collections constituting DA Dividends, which payments shall
be deposited to the DA Reserve Account pursuant to this Section 3.04,
adjusted to the Mortgage Interest Rate less the Servicing Fee Rate),
adjusted to the Mortgage Interest Rate less the Servicing Fee Rate;
(iii) all Liquidation Proceeds and any Subsequent Recoveries;
(iv) all Insurance Proceeds including amounts required to be
deposited pursuant to Section 3.10, other than proceeds to be held in
the Escrow Account and applied to the restoration or repair of the
Mortgaged Property or released to the Mortgagor in accordance with the
Servicer's normal servicing procedures, the loan documents or
applicable law;
(v) all Condemnation Proceeds affecting any Mortgaged Property
which are not released to the Mortgagor in accordance with the
Servicer's normal servicing procedures, the loan documents or
applicable law;
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(vi) any amounts required to be deposited by the Servicer in
connection with any REO Property pursuant to Section 3.13;
(vii) all Prepayment Charges collected by the Servicer in
connection with the voluntary Principal Prepayment in full of any
Mortgage Loan, all Originator Prepayment Charge Payment Amounts paid by
the Originator and all Servicer Prepayment Charge Payment Amounts
required to be paid by the Servicer pursuant to Section 3.01 in
connection with any such Principal Prepayment; and
(viii) all amounts required to be deposited by the Servicer
pursuant to Section 2.03.
Any interest paid on funds deposited in the Collection Accounts,
subject to Section 3.25, shall accrue to the benefit of the Servicer and the
Servicer shall be entitled to retain and withdraw such interest from the
Collection Accounts pursuant to Section 3.05(a)(v) and 3.05(b)(iii), as
applicable. The foregoing requirements for deposit into the Trust Collection
Account shall be exclusive, it being understood and agreed that, without
limiting the generality of the foregoing, payments in the nature of late payment
charges, bad check fees, prepayment charges that are not Prepayment Charges,
Originator Prepayment Charge Payment Amounts or Servicer Prepayment Charge
Payment Amounts, assumption fees and other similar fees need not be deposited by
the Servicer into the Trust Collection Account. Amounts deposited in the
Collection Accounts in error may be withdrawn by the Servicer at any time.
The Servicer shall deposit in the DA Reserve Account on a daily basis,
but not more than one (1) Business Day after receipt by the Servicer, and retain
therein until their required withdrawal and distribution in accordance with
Section 3.05(b), all DA Dividends attributable to a DAD Mortgage Loan. Any
interest paid on funds deposited in the DA Reserve Account shall accrue to the
benefit of the Servicer and the Servicer shall be entitled to retain and
withdraw such interest from the DA Reserve Account in accordance with Section
3.05(b).
(b) On behalf of the Trust Fund, the Trustee shall establish and
maintain one or more accounts (such account or accounts, the "Distribution
Account"), held in trust for the benefit of the Certificateholders. On behalf of
the Trust Fund, the Servicer shall deliver to the Trustee in immediately
available funds for deposit in the Distribution Account by 1:00 p.m. New York
time on the Servicer Remittance Date, (i) that portion of the Available Funds
(calculated without regard to the references in the definition thereof to
amounts that may be deposited to the Distribution Account from a different
source as provided herein) then on deposit in the Collection Accounts and (ii)
the amount of all Prepayment Charges collected by the Servicer, all Originator
Prepayment Charge Payment Amounts required to be paid by the Originator and all
Servicer Prepayment Charge Payment Amounts required to be paid by the Servicer
in connection with the voluntary Principal Prepayment in full of any of the
Mortgage Loans then on deposit in the Trust Collection Account (other than any
such Prepayment Charges received and Servicer Prepayment Charge Payment Amounts
and Originator Prepayment Charge Payment Amounts paid after the related
Prepayment Period). Amounts in the Distribution Account shall be deemed to be
held on behalf of the related REMICs and the Grantor Trust in accordance with
the REMIC distributions set forth in Section 4.08. The Trustee shall be entitled
to withdraw from the Distribution Account any amounts owing to it pursuant to
Section 8.05 and Section 9.01(c) prior to the distribution of any amounts on
deposit to the Certificateholders; provided, however, in the case of amounts
owing to it other than the Trustee Fee, the Trustee shall provide the Depositor,
the NIMS Insurer and the Servicer with a written account of such amounts five
Business Days prior to withdrawing such funds and, provided further, that the
Trustee shall not be entitled to withdraw such amounts for funds on deposit in
the Distribution Account representing Prepayment Charges, Originator Prepayment
Charge Payment Amounts and Servicer Prepayment Charge Payment Amounts. In
connection with any failure by the Servicer to make any remittance required to
be made by the Servicer to the Trustee for deposit in the Distribution Account
on the day and by the time such remittance is required to be made under the
terms of this Section 3.04(b) (without giving effect to any grace or cure
period), the Servicer shall pay to the Trustee for the account of the Trustee
interest at the prime rate of United States money center commercial banks as
published in The Wall Street Journal on any amount not timely remitted from and
including the day such remittance was required to be made to, but not including,
the day on which such remittance was actually made.
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(c) Funds on deposit in the Collection Accounts may be invested in
Eligible Investments in accordance with the provisions set forth in Section
3.25. The Servicer shall give notice to the Trustee and the NIMS Insurer of the
location of the Collection Accounts maintained by it when established and prior
to any change thereof. The Trustee shall give notice to the Servicer, the NIMS
Insurer and the Depositor of the location of the Distribution Account when
established and prior to any change thereof.
(d) In the event the Servicer shall deliver to the Trustee for deposit
in the Distribution Account any amount not required to be deposited therein, it
may at any time request that the Trustee withdraw such amount from the
Distribution Account and remit to the Servicer any such amount, any provision
herein to the contrary notwithstanding. In addition, the Servicer shall deliver
to the Trustee from time to time for deposit, and the Trustee shall so deposit,
in the Distribution Account in respect of REMIC 1:
(i) any Advances, as required pursuant to Section 4.07;
(ii) any Stayed Funds, as soon as permitted by the federal
bankruptcy court having jurisdiction in such matters;
(iii) any amounts required to be delivered by the Servicer to
the Trustee for deposit in the Distribution Account pursuant to
Sections 2.03, 3.04, 3.13, 3.15, 3.16, 3.23, 3.24, 4.07 or 10.01; and
(iv) any amounts required to be deposited by the Servicer
pursuant to Section 3.11 in connection with the deductible clause in
any blanket hazard insurance policy, such deposit being made from the
Servicer's own funds, without reimbursement therefor.
(e) Promptly upon receipt of any Stayed Funds, whether from the
Servicer, a trustee in bankruptcy, or federal bankruptcy court or other source,
the Trustee shall notify the Servicer of such receipt and deposit such funds in
the Distribution Account, subject to withdrawal thereof as permitted hereunder.
In addition, the Trustee shall deposit in the Distribution Account any amounts
required to be deposited pursuant to Section 3.25(b) in connection with losses
realized on Eligible Investments with respect to funds held in the Distribution
Account.
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(f) Any Prepayment Charges, Originator Prepayment Charge Payment
Amounts and Servicer Prepayment Charge Payment Amounts deposited pursuant to
Section 3.04(a)(vii) shall not be assets of any REMIC created hereunder, but
shall be considered assets of the Grantor Trust held by the Trustee for the
benefit of the Class P Certificateholders.
(g) (i) The Trustee shall establish and maintain the Class A-2 Reserve
Account, held in trust for the benefit of the Holders of the Class A-2
Certificates. The Trustee shall deposit in the Class A-2 Reserve Account on the
date received by it, any Class A-2 Yield Maintenance Agreement Payment received
from the Class A-2 Yield Maintenance Agreement Provider for the related
Distribution Date. The Trustee shall establish and maintain the Class M Reserve
Account, held in trust for the benefit of the Holders of the Class M
Certificates. The Trustee shall deposit in the Class M Reserve Account on the
date received by it, any Class M Yield Maintenance Agreement Payment received
from the Class M Yield Maintenance Agreement Provider for the related
Distribution Date. On each Distribution Date, the Trustee shall withdraw from
the Class A-2 Reserve Account any Class A-2 Yield Maintenance Agreement Payment
and shall withdraw from the Class M Reserve Account any Class M Yield
Maintenance Agreement Payment and apply them in the following order of priority:
(A) to the Class A-2 Certificates from the Class A-2 Reserve Account,
any remaining unpaid Cap Carryover Amounts for such Class for such Distribution
Date (after distributions to the Class A-2 Certificates pursuant to Section
4.02(b)(xxiv) hereof);
(B) to the Class M Certificates from the Class M Reserve Account,
(1) in each case only up to the Cap Amount for the related
Class, any remaining unpaid Cap Carryover Amounts for such Classes for
such Distribution Date (after distributions to the Class M Certificates
pursuant to Section 4.02(b)(xxiv) hereof), distributed sequentially, to
the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6
and Class M-7 Certificates, in that order; and
(2) any remaining unpaid Cap Carryover Amounts for such
Classes for such Distribution Date (after distributions to the Class M
Certificates pursuant to Section 4.02(b)(xxiv) hereof and clauses (A)
and (B) above) distributed sequentially, to the Class X-0, Xxxxx X-0,
Class M-3, Class M-4, Class M-5, Class M-6 and Class M-7 Certificates,
in that order; and
(C) to the Class CE Certificates, any remaining amount on deposit in
the Reserve Accounts.
(ii) The Trustee shall account for each Reserve Account as an
asset of a grantor trust under subpart E, part I of subchapter J of the
Code and not an asset of any REMIC created pursuant to this Agreement.
The beneficial owner of each Reserve Account is the Class CE
Certificateholder. For all federal tax purposes, amounts transferred or
reimbursed by REMIC 2 to either Reserve Account shall be treated as
distributions by the Trustee to the Class CE Certificateholder.
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(iii) Any Cap Carryover Amounts paid by the Trustee pursuant
to this Section 3.04(g) to the Offered Certificates shall be accounted
for by the Trustee as amounts paid first to the Class CE Certificates
and then to the respective Class or Classes of Offered Certificates
from the Grantor Trust. In addition, the Trustee shall account for the
Offered Certificates' rights to receive payments of Cap Carryover
Amounts as rights in limited recourse interest rate cap contracts
written by the Class CE Certificates in favor of each Class of Offered
Certificates.
(iv) For federal tax return and information reporting, the
right of the Holders of the Offered Certificates to receive payments
under the Class A-2 Yield Maintenance Agreement and Class M Yield
Maintenance Agreement in respect of any related Yield Maintenance
Agreement Payments shall be assigned a value of zero.
Section 3.05 Permitted Withdrawals From the Collection Accounts.
(a) The Servicer may, from time to time, withdraw from the Trust
Collection Account for the following purposes:
(i) to remit to the Trustee for deposit in the Distribution
Account the amounts required to be so remitted pursuant to Section
3.04(b) or permitted to be so remitted pursuant to the first sentence
of Section 3.04(d);
(ii) to reimburse itself for (a) any unreimbursed Advances to
the extent of amounts received which represent Late Collections (net of
the related Servicing Fees) of Monthly Payments, Liquidation Proceeds
and Insurance Proceeds on Mortgage Loans with respect to which such
Advances were made in accordance with the provisions of Section 4.07;
(b) any unreimbursed Advances with respect to the final liquidation of
a Mortgage Loan that are Nonrecoverable Advances, but only to the
extent that Late Collections, Liquidation Proceeds and Insurance
Proceeds received with respect to such Mortgage Loan are insufficient
to reimburse the Servicer for such unreimbursed Advances; or (c)
subject to Section 4.07(b), any unreimbursed Advances to the extent of
funds held in the Trust Collection Account for future distribution that
were not included in Available Funds for the preceding Distribution
Date;
(iii) to reimburse itself for (a) any unpaid Servicing Fees,
(b) any unreimbursed Servicing Advances with respect to each Mortgage
Loan, but only to the extent of any Late Collections, Liquidation
Proceeds, Insurance Proceeds and condemnation proceeds received with
respect to such Mortgage Loan, and (c) any Servicing Advances with
respect to the final liquidation of a Mortgage Loan that are
Nonrecoverable Advances, but only to the extent that Late Collections,
Liquidation Proceeds and Insurance Proceeds received with respect to
such Mortgage Loan are insufficient to reimburse the Servicer for
Servicing Advances;
(iv) to reimburse itself for any amounts paid or expenses
incurred pursuant to Section 3.03 (and not otherwise previously
reimbursed);
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(v) to pay to itself as servicing compensation (a) any
interest earned on funds in the Trust Collection Account (all such
interest to be withdrawn monthly not later than each Servicer
Remittance Date), and (b) the Servicing Fee from that portion of any
payment or recovery as to interest to a particular Mortgage Loan to the
extent not retained pursuant to Section 3.04(a)(ii);
(vi) to pay or reimburse itself for any amounts payable or
paid pursuant to Section 6.03 (and not otherwise previously
reimbursed); and
(vii) to clear and terminate the Trust Collection Account upon
the termination of this Agreement.
(b) The Servicer may, from time to time, withdraw funds from the DA
Reserve Account to be applied in the following manner:
(i) that amount of DA Dividends on deposit in the DA Reserve
Account which are not refundable to the Mortgagors as a result of a DA
Forfeiture Event with respect to the related DAD Mortgage Loans shall
be withdrawn from the DA Reserve Account on each Remittance Date and
deposited into the Distribution Account maintained by the Trustee
pursuant to Section 3.04(b);
(ii) the amount of DA Dividends on deposit in the DA Reserve
Account which is refundable to the Mortgagor of a DAD Mortgage Loan as
the result of the non-occurrence of a DA Forfeiture Event with respect
to such Mortgage Loan shall be withdrawn from the DA Reserve Account
and paid to the related Mortgagor no later than twenty days following
the related DA Anniversary Date on which the determination of
eligibility for such refund is determined;
(iii) to pay itself investment earnings on funds deposited
into the DA Reserve Account; and
(iv) to invest funds in certain Eligible Investments in
accordance with Section 3.25 hereof.
The foregoing requirements for withdrawal from each of the Collection
Accounts shall be exclusive. In the event the Servicer shall deposit in either
Collection Account any amount not required to be deposited therein, it may at
any time withdraw such amount from such Collection Account, any provision herein
to the contrary notwithstanding.
Section 3.06 Establishment of Escrow Accounts; Deposits in Escrow
Accounts.
The Servicer shall segregate and hold all funds collected and received
pursuant to each Mortgage Loan which constitute Escrow Payments separate and
apart from any of its own funds and general assets and shall establish and
maintain one or more Escrow Accounts, in the form of time deposit or demand
accounts. A copy of such letter agreement shall be furnished to the Trustee upon
request. The Escrow Account shall be an Eligible Account.
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The Servicer shall deposit or cause to be deposited on a daily basis
and in no event more than one Business Day after receipt thereof in the clearing
account (which must be an Eligible Account) in which it customarily deposits
payments and collections on mortgage loans in connection with its mortgage loan
servicing activities, and shall thereafter deposit in the Escrow Account or
Accounts, in no event more than one Business Day after deposit of such funds in
the clearing account, and retain therein, (i) all Escrow Payments collected on
account of the Mortgage Loans, for the purpose of effecting timely payment of
any such items as required under the terms of this Agreement, and (ii) all
Insurance Proceeds which are to be applied to the restoration or repair of any
Mortgaged Property. The Servicer shall make withdrawals therefrom only to effect
such payments as are required under this Agreement, and for such other purposes
as shall be set forth in, or in accordance with, Section 3.07. The Servicer
shall be entitled to retain any interest paid on funds deposited in the Escrow
Account by the depository institution other than interest on escrowed funds
required by law to be paid to the Mortgagor and, to the extent required by the
related Mortgage Loan or Applicable Regulations, the Servicer shall pay interest
on escrowed funds to the Mortgagor notwithstanding that the Escrow Account is
non-interest bearing or that interest paid thereon is insufficient for such
purposes.
Section 3.07 Permitted Withdrawals From Escrow Account.
Withdrawals from the Escrow Account may be made by the Servicer (i) to
effect timely payments of ground rents, taxes, assessments, water rates, fire,
flood and hazard insurance premiums and comparable items in a manner and at a
time that assures that the lien priority of the Mortgage is not jeopardized (or,
with respect to the payment of taxes, in a manner and at a time that avoids the
loss of the Mortgaged Property due to a tax sale or the foreclosure as a result
of a tax lien), (ii) to reimburse the Servicer for any Servicing Advance made by
the Servicer with respect to a related Mortgage Loan but only from amounts
received on the related Mortgage Loan which represent late payments or Late
Collections of Escrow Payments thereunder with respect to taxes and assessments
and with respect to hazard insurance, (iii) to refund to the Mortgagor any funds
as may be determined to be overages, (iv) for transfer to the Trust Collection
Account in accordance with the terms of this Agreement, (v) for application to
restoration or repair of the Mortgaged Property, (vi) to pay to the Servicer, or
to the Mortgagor to the extent required by the related Mortgage Loan or
Applicable Regulations, any interest paid on the funds deposited in the Escrow
Account, (vii) to clear and terminate the Escrow Account on the termination of
this Agreement, or (viii) to transfer to the Trust Collection Account any
insurance proceeds. As part of its servicing duties, the Servicer shall pay to
the Mortgagor interest on funds in the Escrow Account, to the extent required by
the related Mortgage Loan or Applicable Regulations, and to the extent that
interest earned on funds in the Escrow Account is insufficient, shall pay such
interest from its own funds, without any reimbursement therefor.
In the event the Servicer shall deposit in the Escrow Account any
amount not required to be deposited therein, it may at any time withdraw such
amount from the Escrow Account, any provision herein to the contrary
notwithstanding.
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Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections
Thereunder.
With respect to each Mortgage Loan that provides for Escrow Payments,
the Servicer shall maintain accurate records reflecting the status of ground
rents, taxes, assessments, water rates and other charges which are or may become
a lien upon the Mortgaged Property and the status of fire, flood and hazard
insurance coverage and shall obtain, from time to time, all bills for the
payment of such charges (including renewal premiums) and shall effect payment of
taxes, assessments, hazard insurance premiums, and comparable items in a manner
and at a time that assures that the lien priority of the Mortgage is not
jeopardized (or, with respect to the payment of taxes, in a manner and at a time
that avoids the loss of the Mortgaged Property due to a tax sale or the
foreclosure as a result of a tax lien). To the extent that a Mortgage does not
provide for Escrow Payments, the Servicer (i) shall determine whether any such
payments are made by the Mortgagor in a manner and at a time that is necessary
to avoid the loss of the Mortgaged Property due to a tax sale or the foreclosure
as a result of a tax lien and (ii) shall ensure that all insurance required to
be maintained on the Mortgaged Property pursuant to this Agreement is
maintained. If any such payment has not been made and the Servicer receives
notice of a tax lien with respect to the Mortgage Loan being imposed, the
Servicer will, promptly and to the extent required to avoid loss of the
Mortgaged Property, advance or cause to be advanced funds necessary to discharge
such lien on the Mortgaged Property. The Servicer assumes full responsibility
for the payment of all such bills and shall effect payments of all such bills
irrespective of the Mortgagor's faithful performance in the payment of same or
the making of the Escrow Payments and shall make Servicing Advances from its own
funds to effect such payments.
Section 3.09 Transfer of Accounts.
The Servicer may transfer the Collection Accounts and the Escrow
Account to a different depository institution from time to time. Upon such
transfer, the Servicer shall deliver to the Trustee, the NIMS Insurer and the
Depositor, a certification or letter agreement, as the case may be, as required
pursuant to Sections 3.04 and 3.06.
Section 3.10 Maintenance of Hazard Insurance.
The Servicer shall cause to be maintained for each Mortgage Loan fire
and hazard insurance with extended coverage as is customary in the area where
the Mortgaged Property is located in an amount which is at least equal to the
lesser of (i) the amount necessary to fully compensate for any damage or loss to
the improvements which are a part of such property on a replacement cost basis
or (ii) the Principal Balance of the Mortgage Loan, in each case in an amount
not less than such amount as is necessary to prevent the Mortgagor and/or the
Mortgagee from becoming a co-insurer. If the Mortgaged Property is in an area
identified in the Federal Register by the Flood Emergency Management Agency as
having special flood hazards and flood insurance has been made available, the
Servicer will cause to be maintained a flood insurance policy meeting the
requirements of the current guidelines of the Federal Insurance Administration
with a generally acceptable insurance carrier, in an amount representing
coverage not less than the least of (i) the Principal Balance of the Mortgage
Loan, (ii) the maximum insurable value of the improvements securing such
Mortgage Loan or (iii) the maximum amount of insurance which is available under
the National Flood Insurance Act of 1968, as amended. The Servicer shall also
maintain on the REO Properties for the benefit of the Certificateholders, (x)
fire and hazard insurance with extended coverage in an amount which is at least
equal to the lesser of (i) 100% of the maximum insurable value of the
improvements securing the Mortgage Loan and (ii) the outstanding Principal
Balance of the Mortgage Loan at the time it became an REO Property, (y) public
liability insurance and, (z) to the extent required and available under the
National Flood Insurance Act of 1968, as amended, flood insurance in an amount
as provided above. Any amounts collected by the Servicer under any such policies
other than amounts to be deposited in the Escrow Account and applied to the
restoration or repair of the Mortgaged Property or REO Property, or released to
the Mortgagor in accordance with the Servicer's normal servicing procedures,
shall be deposited in the Trust Collection Account, subject to withdrawal
pursuant to Section 3.05(a). It is understood and agreed that no earthquake or
other additional insurance is required to be maintained by the Servicer or the
Mortgagor or maintained on property acquired in respect of the Mortgage Loan,
other than pursuant to such Applicable Regulations as shall at any time be in
force and as shall require such additional insurance. All such policies shall be
endorsed with standard mortgagee clauses with loss payable to the Servicer and
shall provide for at least thirty days prior written notice of any cancellation,
reduction in the amount of or material change in coverage to the Servicer. The
Servicer shall not interfere with the Mortgagor's freedom of choice in selecting
either his insurance carrier or agent, provided, however, that the Servicer
shall not accept any such insurance policies from insurance companies unless
such companies currently reflect a general policy rating of A:X or better in
Best's Key Rating Guide and are licensed to do business in the state wherein the
property subject to the policy is located.
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Section 3.11 Maintenance of Mortgage Impairment Insurance Policy.
In the event that the Servicer shall obtain and maintain a blanket
policy issued by an insurer acceptable to Xxxxxx Xxx and Xxxxxxx Mac and that
has a general policy rating of A:X or better in Best's Key Rating Guide insuring
against hazard losses on all of the Mortgage Loans, then, to the extent such
policy provides coverage in an amount equal to the amount required pursuant to
Section 3.10 and otherwise complies with all other requirements of Section 3.10,
it shall conclusively be deemed to have satisfied its obligations as set forth
in Section 3.10, it being understood and agreed that such policy may contain a
deductible clause, in which case the Servicer shall, in the event that there
shall not have been maintained on the related Mortgaged Property or REO Property
a policy complying with Section 3.10, and there shall have been a loss which
would have been covered by such policy, deliver to the Trustee for deposit in
the Distribution Account the amount not otherwise payable under the blanket
policy because of such deductible clause, which amount shall not be reimbursable
to the Servicer from the Trust Fund. In connection with its activities as
servicer of the Mortgage Loans, the Servicer agrees to prepare and present, on
behalf of the Trustee, claims under any such blanket policy in a timely fashion
in accordance with the terms of such policy. Upon request of the Trustee, the
Servicer shall cause to be delivered to the Trustee a certified true copy of
such policy and a statement from the insurer thereunder that such policy shall
in no event be terminated or materially modified without thirty days prior
written notice to the Trustee.
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Section 3.12 Fidelity Bond, Errors and Omissions Insurance.
The Servicer shall maintain, at its own expense, a blanket fidelity
bond (the "Fidelity Bond") and an errors and omissions insurance policy, with
broad coverage with financially responsible companies on all officers, employees
or other persons acting in any capacity with regard to the Mortgage Loans to
handle funds, money, documents and papers relating to the Mortgage Loans. The
Fidelity Bond and errors and omissions insurance shall be in the form of the
Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against
losses, including forgery, theft, embezzlement, fraud, errors and omissions and
negligent acts of such persons. Such Fidelity Bond shall also protect and insure
the Servicer against losses in connection with the failure to maintain any
insurance policies required pursuant to this Agreement and the release or
satisfaction of a Mortgage Loan without having obtained payment in full of the
indebtedness secured thereby. No provision of this Section 3.12 requiring the
Fidelity Bond and errors and omissions insurance shall diminish or relieve the
Servicer from its duties and obligations as set forth in this Agreement. The
minimum coverage under any such bond and insurance policy shall be at least
equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx MBS
Selling and Servicing Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Servicer's
Guide, unless the Servicer has obtained a waiver of such requirements from
Xxxxxx Mae or Xxxxxxx Mac. Upon request of the Trustee or the NIMS Insurer, the
Servicer shall cause to be delivered to the requesting party a certified true
copy of the Fidelity Bond and errors and omissions insurance policy and a
statement from the surety and the insurer that such Fidelity Bond and errors and
omissions insurance policy shall in no event be terminated or materially
modified without thirty days' prior written notice to the Trustee.
Section 3.13 Title, Management and Disposition of REO Property.
(a) In the event that title to a Mortgaged Property is acquired in
foreclosure or by deed in lieu of foreclosure, the deed or certificate of sale
shall be taken (pursuant to a limited power of attorney to be provided by the
Trustee to the Servicer) in the name of the Trustee or its nominee, on behalf of
the Certificateholders, or in the event the Trustee is not authorized or
permitted to hold title to real property in the state where the REO Property is
located, or would be adversely affected under the "doing business" or tax laws
of such state by so holding title, the deed or certificate of sale shall be
taken in the name of such Person or Persons as shall be consistent with an
Opinion of Counsel obtained by the Servicer from an attorney duly licensed to
practice law in the state where the REO Property is located. Any Person or
Persons holding such title other than the Trustee shall acknowledge in writing
that such title is being held as nominee for the benefit of the Trustee.
(b) In the event that the Trust Fund acquires any REO Property as
aforesaid or otherwise in connection with a default or imminent default on a
Mortgage Loan, the Servicer shall dispose of such REO Property before the end of
the third taxable year beginning after the year of its acquisition by the Trust
Fund for purposes of Section 860G(a)(8) of the Code unless the Servicer has
received a grant of extension from the Internal Revenue Service of the
above-mentioned grace period such that the holding by the Trust Fund of such REO
Property subsequent to such period will not: (i) result in the imposition of any
tax on "prohibited transactions" as defined in Section 860F of the Code; (ii)
cause any REO Property to fail to qualify as "foreclosure property" within the
meaning of Section 860G(a)(8) of the Code; or (iii) cause any REMIC constituting
any part of the Trust Fund to fail to qualify as a REMIC at any time that any
Certificates (other than the Class P Certificates) are outstanding, in which
case the Trust Fund may continue to hold such REO Property.
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Subject to compliance with applicable laws and regulations as shall at
any time be in force, and notwithstanding any other provisions of this
Agreement, no REO Property acquired by the Trust Fund shall be rented (or
allowed to continue to be rented) or otherwise used by or on behalf of the Trust
Fund in such a manner or pursuant to any terms that would: (i) cause such REO
Property to fail to qualify as "foreclosure property" within the meaning of
Section 860G(a)(8) of the Code; or (ii) subject any REMIC constituting part of
the Trust Fund to the imposition of any federal or state income taxes on the
income earned from such REO Property, including any taxes imposed by reason of
Sections 860F or 860G(c) of the Code, unless the Servicer has agreed to
indemnify and hold harmless the Trust Fund with respect to the imposition of any
such taxes.
The Servicer shall manage, conserve, protect and operate each REO
Property for the Certificateholders and the Trust Fund solely for the purpose of
its prompt disposition and sale in a manner which does not cause such REO
Property to fail to qualify as "foreclosure property" within the meaning of
Section 860G(a)(8) of the Code or result in the receipt by the related REMIC of
any "income from non-permitted assets" within the meaning of Section
860F(a)(2)(B) of the Code, or any "net income from foreclosure property" which
is subject to taxation under the REMIC Provisions. The Servicer shall cause each
REO Property to be inspected promptly upon the acquisition of title thereto and
shall cause each REO Property to be inspected at least annually thereafter. The
Servicer shall make or cause to be made a written or electronic report of each
such inspection. Such reports shall be retained in the Mortgage File and copies
thereof shall be forwarded by the Servicer to the Trustee upon request. The
Servicer shall attempt to sell the same (and may temporarily rent the same) on
such terms and conditions as the Servicer deems to be in the best interest of
the Certificateholders and the Trust Fund.
With respect to each REO Property, the Servicer shall account
separately for each REO Property with respect to all funds collected and
received in connection with the operation of such REO Property.
The Servicer shall deposit or cause to be deposited, on a daily basis,
within two Business Days of receipt, in the Trust Collection Account, all
revenues received with respect to each REO Property and shall withdraw therefrom
funds necessary for the proper operation, management and maintenance of the
related REO Property, including the cost of maintaining any hazard insurance
pursuant to Section 3.10 hereof and the fees of any managing agent acting on
behalf of the Servicer.
The Servicer shall furnish to the Trustee, on each Servicer Remittance
Date, an operating statement for each REO Property covering the operation of
each REO Property for the previous month. Such operating statement shall be
accompanied by such other information as the Trustee shall reasonably request.
The Servicer shall use its best efforts to dispose of the REO Property
as promptly as is practically consistent with protecting the Certificateholders'
interests.
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Each REO Disposition shall be carried out by the Servicer at such price
and upon such terms and conditions as the Servicer deems to be in the best
interest of the Certificateholders. If as of the date title to any REO Property
was acquired by the Servicer there were outstanding unreimbursed Servicing
Advances, Servicing Fees and Advances with respect to the REO Property, the
Servicer, upon an REO Disposition of such REO Property, shall be entitled to
reimbursement for any related unreimbursed Servicing Advances, Servicing Fees
and Advances from proceeds received in connection with such REO Disposition. The
proceeds from the REO Disposition, net of any payment to the Servicer as
provided above, shall be deposited in the Trust Collection Account for transfer
to the Distribution Account on the succeeding Servicer Remittance Date in
accordance with Section 3.04(a)(vi).
Any REO Disposition shall be for cash only (unless changes in the REMIC
Provisions made subsequent to the Startup Day allow a sale for other
consideration and an Opinion of Counsel is obtained by the Servicer to the
effect that such sale shall not cause any REMIC constituting part of the Trust
Fund to fail to qualify as a REMIC).
Section 3.14 Due-on-Sale Clauses; Assumption and Substitution
Agreements.
When a Mortgaged Property has been or is about to be conveyed by the
Mortgagor, the Servicer shall, to the extent it has knowledge of such conveyance
or prospective conveyance, exercise its rights to accelerate the maturity of the
related Mortgage Loan under any "due-on-sale" clause contained in the related
Mortgage or Mortgage Note; provided, however, that the Servicer shall not
exercise any such right if the "due-on-sale" clause, in the reasonable belief of
the Servicer, is not enforceable under applicable law. An Opinion of Counsel of
the Servicer (the costs of which shall constitute a reimbursable Servicing
Advance) delivered to the Trustee, the Depositor and the NIMS Insurer shall
conclusively establish the reasonableness of the Servicer's belief that any
"due-on-sale" clause is not enforceable under applicable law. In such event, the
Servicer shall make reasonable efforts to enter into an assumption and
modification agreement with the Person to whom such property has been or is
about to be conveyed, pursuant to which such Person becomes liable under the
Mortgage Note and, unless prohibited by applicable law or the Mortgage, the
Mortgagor remains liable thereon. If the foregoing is not permitted under
applicable law, the Servicer is authorized to enter into a substitution of
liability agreement with such Person, pursuant to which the original Mortgagor
is released from liability and such Person is substituted as Mortgagor and
becomes liable under the Note; provided that no such substitution will be
permitted unless such person satisfies the underwriting criteria of the Servicer
and has a credit score at least equal to that of the original Mortgagor. The
Mortgage Loan, as assumed, shall conform in all respects to the requirements,
representations and warranties of this Agreement. The Servicer shall not take or
enter into any assumption and modification agreement, however, unless (to the
extent practicable under the circumstances) it shall have received confirmation,
in writing, of the continued effectiveness of any applicable hazard insurance
policy. The Servicer shall notify the Trustee that any such assumption or
substitution agreement has been completed by forwarding to the Trustee the
original copy of such assumption or substitution agreement (indicating the
Mortgage File to which it relates) which copy shall be added by the Trustee to
the related Mortgage File and which shall, for all purposes, be considered a
part of such Mortgage File to the same extent as all other documents and
instruments constituting a part thereof. The Servicer shall be responsible for
recording any such assumption or substitution agreements. In connection with any
such assumption or substitution agreement, the Monthly Payment on the related
Mortgage Loan shall not be changed but shall remain as in effect immediately
prior to the assumption or substitution, the stated maturity or outstanding
principal amount of such Mortgage Loan shall not be changed nor shall any
required monthly payments of principal or interest be deferred or forgiven. Any
fee collected by the Servicer for consenting to any such conveyance or entering
into an assumption or substitution agreement shall be retained by or paid to the
Servicer as additional servicing compensation.
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Notwithstanding the foregoing paragraph or any other provision of this
Agreement, the Servicer shall not be deemed to be in default, breach or any
other violation of its obligations hereunder by reason of any assumption of a
Mortgage Loan by operation of law or any assumption which the Servicer may be
restricted by law from preventing, for any reason whatsoever. For purposes of
this Section 3.14, the term "assumption" is deemed to include a sale of the
Mortgaged Property subject to the Mortgage that is not accompanied by an
assumption or substitution of liability agreement.
Section 3.15 Notification of Adjustments.
On each Adjustment Date, the Servicer shall make Mortgage Interest Rate
adjustments for each Mortgage Loan in compliance with the requirements of the
related Mortgage and Mortgage Note and Applicable Regulations. The Servicer
shall execute and deliver the notices required by each Mortgage and Mortgage
Note and Applicable Regulations regarding Mortgage Interest Rate adjustments.
Upon the discovery by the Servicer or the Trustee that the Servicer has failed
to adjust or has incorrectly adjusted a Mortgage Interest Rate or a Monthly
Payment pursuant to the terms of the related Mortgage Note and Mortgage, the
Servicer shall deliver to the Trustee for deposit in the Distribution Account
from its own funds the amount of any interest loss caused thereby without
reimbursement therefor; provided, however, the Servicer shall be held harmless
with respect to any Mortgage Interest Rate adjustments made by any servicer
prior to the Servicer.
Section 3.16 Optional Purchases of Mortgage Loans by Servicer.
The Servicer may, at its option, or, shall, at the direction of the
NIMS Insurer (which shall be at the expense of the NIMS Insurer), purchase a
Mortgage Loan or REO Property which becomes 90 or more days Delinquent or for
which the Servicer has accepted a deed in lieu of foreclosure. Prior to purchase
pursuant to this Section 3.16, the Servicer shall be required to continue to
make Advances pursuant to Section 4.07. The Servicer shall not use any procedure
in selecting Mortgage Loans to be purchased which is materially adverse to the
interests of the Certificateholders. The Servicer shall purchase such Delinquent
Mortgage Loan or REO Property at a price equal to the Purchase Price. The
Servicer will not be entitled to any Servicing Fee with respect to any such
purchased Mortgage Loan. Any such purchase of a Mortgage Loan or REO Property
pursuant to this Section 3.16 shall be accomplished by delivery to the Trustee
for deposit in the Distribution Account of the amount of the Purchase Price. The
Trustee shall immediately effectuate the conveyance of such delinquent Mortgage
Loan or REO Property to the Servicer to the extent necessary, including the
prompt delivery of all documentation to the Servicer.
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Section 3.17 Trustee to Cooperate; Release of Files.
(a) Upon the payment in full of any Mortgage Loan (including any
liquidation of such Mortgage Loan through foreclosure or otherwise, or the
receipt by the Servicer of a notification that payment in full will be escrowed
in a manner customary for such purposes), the Servicer shall deliver to the
Trustee, in written form (with two executed copies) or electronic form, of a
completed "Request for Release" in the form of Exhibit E. Upon receipt of such
Request for Release of Documents, the Trustee shall promptly release the related
Mortgage File within three (3) Business Days via overnight mail delivery (at the
expense of the Servicer), in trust, to (i) the Servicer, or (ii) such other
party identified in the related Request for Release. Upon any such payment in
full, or the receipt of such notification that such funds have been placed in
escrow, the Trustee hereby authorizes and empowers the Servicer to execute an
instrument of satisfaction (or Assignment without recourse) regarding the
Mortgaged Property relating to such Mortgage, which instrument of satisfaction
or Assignment shall be delivered to the Person or Persons entitled thereto
against receipt therefor of payment in full, it being understood and agreed that
no expense incurred in connection with such instrument of satisfaction or
assignment, as the case may be, shall be chargeable to the Collection Accounts.
In lieu of executing any such satisfaction or assignment, as the case may be,
the Servicer may prepare and submit to the Trustee a satisfaction (or assignment
without recourse, if requested by the Person or Persons entitled thereto) in
form for execution by the Trustee with all requisite information completed by
the Servicer; in such event, the Trustee shall execute and acknowledge such
satisfaction or assignment, as the case may be, and deliver the same with the
related Mortgage File, as aforesaid.
(b) From time to time and as appropriate in the servicing of any
Mortgage Loan, including, without limitation, foreclosure or other comparable
conversion of a Mortgage Loan or collection under any insurance policy relating
to a Mortgage Loan, the Trustee shall (except in the case of the payment or
liquidation pursuant to which the related Mortgage File is released to an escrow
agent or an employee, agent or attorney of the Trustee), upon written request of
the Servicer and delivery to the Trustee, in written form (with two executed
copies) or electronic form, of a "Request for Release" in the form of Exhibit E
signed by a Servicing Officer, release the related Mortgage File to the Servicer
within three (3) Business Days and shall execute such documents as shall be
necessary to the prosecution of any such proceedings, including, without
limitation, an assignment without recourse of the related Mortgage to the
Servicer. Such receipt shall obligate the Servicer to return the Mortgage File
to the Trustee when the need therefor by the Servicer no longer exists unless
the Mortgage Loan shall be liquidated, in which case, upon receipt of a Request
for Release evidencing such liquidation, the receipt shall be released by the
Trustee to the Servicer.
(c) Subject to Section 3.01, the Servicer shall have the right to
accept applications of Mortgagors for consent to (i) partial releases of
Mortgages, (ii) alterations, (iii) removal, demolition or division of properties
subject to Mortgages, (iv) modifications, and (v) second mortgage subordination
agreements. No application for approval shall be considered by the Servicer
unless: (w) it has received an Opinion of Counsel, addressed to the Trustee
(which opinion shall not be an expense of the Trustee or the Trust Fund) that
such sale, disposition, substitution, acquisition or contribution will not
affect adversely the status of any REMIC constituting part of the Trust Fund as
a REMIC or cause any REMIC constituting part of the Trust Fund to be subject to
a tax on "prohibited transactions" or "contributions" pursuant to the REMIC
Provisions; (x) the provisions of the related Note and Mortgage have been
complied with; (y) the Loan-to-Value Ratio and debt-to-income ratio after any
release does not exceed the maximum Loan-to-Value Ratio and debt-to-income ratio
established in accordance with the underwriting standards of the Mortgage Loans;
and (z) the lien priority of the related Mortgage is not affected. Upon receipt
by the Trustee of a Servicing Officer's certificate setting forth the action
proposed to be taken in respect of a particular Mortgage Loan and certifying
that the criteria set forth in the immediately preceding sentence have been
satisfied, the Trustee shall execute and deliver to the Servicer the consent or
partial release so requested by the Servicer. A proposed form of consent or
partial release, as the case may be, shall accompany any Servicing Officer's
certificate delivered by the Servicer pursuant to this paragraph.
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Section 3.18 Servicing Compensation.
As compensation for its activities hereunder, the Servicer shall be
entitled to retain the amount of the Servicing Fee with respect to each Mortgage
Loan (including REO Properties). The Servicer shall be entitled to retain
additional servicing compensation in the form of release fees, bad check
charges, assumption fees, modification or extension fees, late payment charges,
prepayment charges that are not Prepayment Charges, Originator Prepayment Charge
Payment Amounts or Servicer Prepayment Charge Payment Amounts, or any other
service-related fees and similar items, to the extent collected from Mortgagors.
The Servicer shall be required to pay all expenses incurred by it in
connection with its servicing activities hereunder (including payment of
premiums for any blanket policy insuring against hazard losses pursuant to
Section 3.11 and the fees and expenses of independent accountants and any agents
appointed by the Servicer), and shall not be entitled to reimbursement therefor
from the Trust Fund except as specifically provided in Section 3.05(a).
Section 3.19 Annual Statement as to Compliance.
(a) Beginning in 2005, the Servicer, at its own expense, will deliver
to the Trustee, the NIMS Insurer and the Depositor, not later than March 15th of
each calendar year, a Servicing Officer's certificate stating, as to each signer
thereof, that (i) a review of the activities of the Servicer during such
preceding fiscal year and of performance under this Agreement has been made
under such officers' supervision, and (ii) to the best of such officers'
knowledge, based on such review, the Servicer has fulfilled all its obligations
under this Agreement for such year, or, if there has been a default in the
fulfillment of all such obligations, specifying each such default known to such
officers and the nature and status thereof including the steps being taken by
the Servicer to remedy such default.
(b) Delivery of such reports, information and documents to the Trustee
is for informational purposes only and their receipt of such shall not
constitute constructive notice of any information contained therein or
determinable, from information contained therein, including the Servicer's
compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely exclusively on Officers' Certificates).
Section 3.20 Annual Independent Certified Public Accountants' Reports.
(a) Beginning in 2005, not later than March 15th of each calendar year,
the Servicer, at its expense, shall cause a nationally recognized firm of
independent certified public accountants to furnish to the Trustee, the
Depositor, the NIMS Insurer and each Rating Agency, a report stating that (i) it
has obtained a letter of representation regarding certain matters from the
management of the Servicer which includes an assertion that the Servicer has
complied with certain minimum residential mortgage loan servicing standards,
identified in either the Uniform Single Attestation Program for Mortgage Bankers
established by the Mortgage Bankers Association of America or the Audit Program
for Mortgages serviced by Xxxxxxx Mac, with respect to the servicing of
residential mortgage loans during the most recently completed fiscal year and
(ii) on the basis of an examination conducted by such firm in accordance with
standards established by the American Institute of Certified Public Accountants,
such representation is fairly stated in all material respects, subject to such
exceptions and other qualifications that may be appropriate. Copies of such
statement shall be provided by the Trustee to any Certificateholder upon
request, at the Servicer's expense, provided that such statement is delivered by
the Servicer to the Trustee.
(b) Delivery of such reports, information and documents to the Trustee
is for informational purposes only and their receipt of such shall not
constitute constructive notice of any information contained therein or
determinable from information contained therein, including the Servicer's
compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely exclusively on Officers' Certificates).
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Section 3.21 Access to Certain Documentation and Information Regarding
the Mortgage Loans.
(a) The Servicer shall provide to the Depositor, the Trustee,
Certificateholders that are federally insured savings and loan associations, the
Office of Thrift Supervision, the Office of the Comptroller of the Currency, the
FDIC and the supervisory agents and examiners of each of the foregoing (which,
in the case of supervisory agents and examiners, may be required by applicable
state and federal regulations) access to the available documentation regarding
the Mortgage Loans, such access being afforded without charge but only upon
reasonable advance request and during normal business hours at the offices of
the Servicer designated by it.
(b) The Servicer shall afford the NIMS Insurer, upon reasonable advance
notice, during normal business hours, access to all records maintained by the
Servicer in respect of its rights and obligations hereunder and access to
officers of the Servicer responsible for such obligations. Upon request, the
Servicer shall furnish to the NIMS Insurer its most recent publicly available
financial statements and such other information relating to its capacity to
perform its obligations under this Agreement.
Section 3.22 Duties of Credit Risk Manager.
For and on behalf of the Depositor, the Credit Risk Manager shall
provide reports and recommendations as to loss mitigation activities concerning
Mortgage Loans that are past due, are in default, as to which there has been
commencement of foreclosure, as to which there has been forbearance in exercise
of remedies, as to which any obligor is the subject of bankruptcy, receivership,
or an arrangement of creditors, or which have become REO Properties. Such
reports and recommendations will be based upon information provided pursuant to
the Credit Risk Management Agreement. The Credit Risk Manager shall look solely
to the Servicer for all information and data (including loss and delinquency
information and data) and loan-level information and data relating to the
servicing of the Mortgage Loans. The Trustee, on behalf of the Trust, hereby
authorizes the Servicer to provide such loan-level information and data to the
Credit Risk Manager.
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The Credit Risk Manager may be removed at any time by a vote of
Certificateholders holding Certificates evidencing at least 66 2/3% of the
aggregate Voting Rights of the Certificates. After any such termination, the
Credit Risk Manager shall have no further obligations hereunder, and shall no
longer be entitled to the Credit Risk Manager Fee.
Section 3.23 Obligations of the Servicer in Respect of Compensating
Interest.
Not later than the close of business on each Servicer Remittance Date,
the Servicer shall deliver to the Trustee for deposit in the Distribution
Account an amount ("Compensating Interest") equal to the lesser of (A) the
aggregate of the Prepayment Interest Shortfalls on the Mortgage Loans for the
related Distribution Date resulting from Principal Prepayments on the Mortgage
Loans during the related Prepayment Period and (B) its aggregate Servicing Fee
received in the related Collection Period. The Servicer shall apply Compensating
Interest to offset any Prepayment Interest Shortfalls on the Mortgage Loans. The
Servicer shall not have the right to reimbursement for any amounts remitted to
the Trustee in respect of Compensating Interest. Such amounts so remitted shall
be included in the Available Funds and distributed therewith on the next
Distribution Date. The Servicer shall not be obligated to pay Compensating
Interest with respect to Relief Act Interest Shortfalls.
Section 3.24 Obligations of the Servicer in Respect of Mortgage
Interest Rates and Monthly Payments.
In the event that a shortfall in any collection on or liability with
respect to any Mortgage Loan results from or is attributable to adjustments to
Mortgage Interest Rates, Monthly Payments or Principal Balances that were made
by the Servicer in a manner not consistent with the terms of the related
Mortgage Note, Applicable Regulations and this Agreement, the Servicer, upon
discovery or receipt of notice thereof, immediately shall deliver to the Trustee
for deposit in the Distribution Account from its own funds the amount of any
such shortfall and shall indemnify and hold harmless the Trust Fund, the
Trustee, the Depositor and any successor servicer in respect of any such
liability. Such indemnities shall survive the termination or discharge of this
Agreement. Notwithstanding the foregoing, this Section 3.24 shall not limit the
ability of the Servicer to seek recovery of any such amounts from the related
Mortgagor under the terms of the related Mortgage Note, as permitted by law.
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Section 3.25 Investment of Funds in the Collection Accounts.
(a) The Servicer may direct any depository institution maintaining one
or more Collection Accounts, to invest the funds in such Collection Account in
one or more Eligible Investments bearing interest or sold at a discount, and
maturing, unless payable on demand, (i) no later than the Business Day
immediately preceding the date on which such funds are required to be withdrawn
from such account pursuant to this Agreement, if a Person other than the Trustee
is the obligor thereon, and (ii) no later than the date on which such funds are
required to be withdrawn from such account pursuant to this Agreement, if the
Trustee is the obligor thereon or if such investment is managed or advised by
the Trustee or an Affiliate of the Trustee. All such Eligible Investments shall
be held to maturity, unless payable on demand. Any investment of funds in a
Collection Account shall be made in the name of the Trustee or the Servicer, as
applicable (in its capacity as such) or in the name of a nominee of the Trustee.
The Trustee shall be entitled to sole possession (except with respect to
investment direction of funds held in the Collection Accounts) over each such
investment and the income thereon, and any certificate or other instrument
evidencing any such investment shall be delivered directly to the Trustee or its
agent, together with any document of transfer necessary to transfer title to
such investment to the Trustee or its nominee. In the event amounts on deposit
in a Collection Account are at any time invested in an Eligible Investment
payable on demand, the Trustee shall at the direction of the Servicer:
(x) consistent with any notice required to be
given thereunder, demand that payment
thereon be made on the last day such
Eligible Investment may otherwise mature
hereunder in an amount equal to the lesser
of (1) all amounts then payable thereunder
and (2) the amount required to be withdrawn
on such date; and
(y) demand payment of all amounts due thereunder
promptly upon determination by a Responsible
Officer of the Trustee that such Eligible
Investment would not constitute an Eligible
Investment in respect of funds thereafter on
deposit in such Collection Account.
(b) All income and gain realized from the investment of funds in the
Collection Accounts shall be for the benefit of the Servicer. The Servicer shall
deposit in the applicable Collection Account or (to the extent funds in the
Escrow Account are invested if permitted by applicable law) the Escrow Account,
as applicable, from its own funds the amount of any loss incurred in respect of
any such Eligible Investment made with funds in such account immediately upon
realization of such loss. Funds in the Distribution Account shall remain
uninvested.
(c) Except as otherwise expressly provided in this Agreement, if any
default occurs in the making of a payment due under any Eligible Investment, or
if a default occurs in any other performance required under any Eligible
Investment, the Trustee may and, subject to Section 8.01 and Section 8.02(e),
upon the request of the NIMS Insurer or Holders of Certificates representing
more than 50% of the Voting Rights allocated to any Class of Certificates, shall
take such action as may be appropriate to enforce such payment or performance,
including the institution and prosecution of appropriate proceedings.
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Section 3.26 Liability of Servicer; Indemnification.
Subject to Section 6.03, the Servicer (except the Trustee if it is
required to succeed the Servicer hereunder) indemnifies and holds the Trustee,
the Depositor, the NIMS Insurer and the Trust Fund harmless against any and all
claims, losses, penalties, fines, forfeitures, reasonable legal fees and related
costs, judgments, and any other costs, fees and expenses that the Trustee, the
Depositor, the NIMS Insurer and the Trust Fund may sustain in any way related to
the failure of the Servicer to perform its duties and service the Mortgage Loans
in compliance with the Servicing Standard. The Servicer shall immediately notify
the Trustee, the NIMS Insurer and the Depositor if a claim is made that may
result in such claims, losses, penalties, fines, forfeitures, legal fees or
related costs, judgments, or any other costs, fees and expenses, and the
Servicer shall assume (with the consent of the Trustee) the defense of any such
claim and pay all expenses in connection therewith, including reasonable counsel
fees, and promptly pay, discharge and satisfy any judgment or decree which may
be entered against the Servicer, the Trustee, the Depositor, the NIMS Insurer
and/or the Trust Fund in respect of such claim. The provisions of this Section
3.26 shall survive the termination of this Agreement and the payment of the
outstanding Certificates.
Section 3.27 Reports of Foreclosure and Abandonment of Mortgaged
Properties.
Beginning in 2005, the Servicer shall file the reports of foreclosure
and abandonment of any Mortgaged Property required by Section 6050J of the Code
with the Internal Revenue Service on or before the due date for any such report.
Not later than 90 days following the end of each calendar year, beginning in
2005, the Servicer will deliver an Officer's Certificate to the Trustee and the
NIMS Insurer certifying its compliance with this Section 3.27. The reports from
the Servicer shall be in form and substance sufficient to meet the reporting
requirements imposed by such Section 6050J.
Section 3.28 Protection of Assets.
(a) Except for transactions and activities entered into in connection
with the securitization that is the subject of this Agreement, the Trust is not
authorized and has no power to:
(1) borrow money or issue debt;
(2) merge with another entity, reorganize, liquidate or sell
assets; or
(3) engage in any business or activities.
(b) Notwithstanding any prior termination of this Agreement, each party
hereto agrees that, until after one year and one day following the payment in
full of the last of the Certificates issued hereunder, it shall not acquiesce,
petition or otherwise invoke or cause the Depositor or the Trust to invoke the
process of any court or government authority for the purpose of commencing or
sustaining a case against the Depositor or the Trust under any federal or state
bankruptcy, insolvency or similar law, or appointing a receiver, liquidator,
assignee, trustee, custodian, sequestrator or other similar official of the
Depositor or the Trust or any substantial part of the property of either, or
ordering the winding up or liquidation of the affairs of the Depositor or the
Trust.
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Section 3.29 Limitation of Liability of the Credit Risk Manager.
Neither the Credit Risk Manager, nor any of the directors, officers,
employees or agents of the Credit Risk Manager, shall be under any liability to
the Depositor, the Servicer, the Trustee or the Certificateholders for any
action taken or for refraining from the taking of any action in good faith
pursuant to this Agreement, in reliance upon information provided by the
Servicer under the Credit Risk Management Agreement or for errors in judgment;
provided, however, that this provision shall not protect the Credit Risk Manager
or any such person against liability that would otherwise be imposed by reason
of willful malfeasance, bad faith or negligence in its performance of its duties
or by reason of reckless disregard for its obligations and duties under this
Agreement or the applicable Credit Risk Management Agreement. The Credit Risk
Manager and any director, officer, employee or agent of the Credit Risk Manager
may rely in good faith on any document of any kind prima facie properly executed
and submitted by any Person respecting any matters arising hereunder, and may
rely in good faith upon the accuracy of information furnished by the Servicer
pursuant to the applicable Credit Risk Management Agreement in the performance
of its duties thereunder and hereunder.
Section 3.30 No Personal Solicitation.
From and after the Closing Date, the Servicer agrees that it will not
take any action or permit or cause any action to be taken by any of its agents
and Affiliates, or by any independent contractors or independent mortgage
brokerage companies on the Servicer's behalf, to personally, by telephone, mail
or electronic mail, solicit the Mortgagor under any Mortgage Loan for the
purpose of refinancing such Mortgage Loan or make the list of names and
addresses of the Mortgagors available to any third party for any solicitation
purpose; provided, that the Servicer may solicit any Mortgagor for whom the
Servicer has received a request for verification of mortgage, a request for
demand for payoff, a mortgagor initiated written or verbal communication
indicating a desire to prepay the related Mortgage Loan, or the mortgagor
initiates a title search; provided further, it is understood and agreed that
promotions undertaken by the Servicer or any of its Affiliates which (i) concern
optional insurance products or other additional products or (ii) are directed to
the general public at large, including, without limitation, mass mailings based
on commercially acquired mailing lists, newspaper, radio and television
advertisements shall not constitute solicitation under this Section, nor is the
Servicer prohibited from responding to unsolicited requests or inquiries made by
a Mortgagor or an agent of a Mortgagor. Furthermore, the Servicer shall be
permitted to include messages to all borrowers under all mortgage loans serviced
by it in its monthly statements.
Section 3.31 Periodic Filings.
(a) The Trustee and the Servicer shall reasonably cooperate with the
Depositor in connection with the Trust's satisfying its reporting requirements
under the Exchange Act. Without limiting the generality of the foregoing, the
Trustee shall prepare, or cause to be prepared, on behalf of the Trust any
monthly Current Reports on Form 8-K (each, a "Monthly Form 8-K") and Annual
Reports on Form 10-K (each, a "Form 10-K") customary for similar securities as
required by the Exchange Act and the rules and regulations of the Securities and
Exchange Commission thereunder, and the Trustee shall sign (other than any Form
10-K) and file (via the Securities and Exchange Commission's Electronic Data
Gathering and Retrieval System) such Forms on behalf of the Trust. The Depositor
hereby grants to the Trustee a limited power of attorney to execute and file
each such document on behalf of the Depositor. Such power of attorney shall
continue until either the earlier of (i) receipt by the Trustee from the
Depositor of written termination of such power of attorney and (ii) the
termination of the Trust. Notwithstanding the foregoing, the Depositor shall
sign any Form 10-K with respect to which the Depositor signs a Certification.
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(b) Each Monthly Form 8-K shall be filed by the Trustee within 15 days
after each Distribution Date, including a copy of the Distribution Date
Statement for such Distribution Date as an exhibit thereto. Prior to March 30th
of each year (or such earlier date as may be required by the Exchange Act and
the rules and regulations of the Securities and Exchange Commission), the
Trustee shall file a Form 10-K, in substance as required by applicable law or
applicable Securities and Exchange Commission staff interpretations. Such Form
10-K shall include as exhibits the Servicer's annual statement of compliance
described under Section 3.19 and the accountant's report described under Section
3.20, in each case, to the extent they have been timely delivered to the
Trustee. If they are not so timely delivered, the Trustee shall file an amended
Form 10-K (to the extent permissible) including such documents as exhibits
reasonably promptly after they are delivered to the Trustee. The Trustee shall
have no liability with respect to any failure to properly prepare or file such
periodic reports resulting from or relating to the Trustee's inability or
failure to obtain any information not resulting from its own negligence, willful
misconduct or bad faith. The Form 10-K shall also include a certification in the
form attached hereto as Exhibit O (the "Certification"), which shall be signed
by a senior officer of the Depositor in charge of securitization. The Depositor
shall deliver the Certification to the Trustee prior to March 15th of each year
in which a Form 10-K is required to be filed with respect to the Trust. The
Trustee, the Depositor and the Servicer shall reasonably cooperate to enable the
Securities and Exchange Commission requirements with respect to the Trust to be
met in the event that the Securities and Exchange Commission issues additional
interpretive guidelines or promulgates rules or regulations, or in the event of
any other change of law that would require reporting arrangements or the
allocation of responsibilities with respect thereto, as described in this
Section 3.31, to be conducted or allocated in a different manner.
(c) Not later than 15 calendar days prior to the latest date on which
the Form 10-K may be timely filed each year, (i) the Trustee shall sign and
deliver to the Depositor a certification (in the form attached hereto as Exhibit
P-1) for the benefit of the Depositor and its officers, directors and Affiliates
(provided, however, that the Trustee shall not undertake an analysis of the
accountant's report attached as an exhibit to the Form 10-K) and (ii) the
Servicer shall sign and deliver to the Depositor a certification (in the form
attached hereto as Exhibit P-2) for the benefit of the Depositor and its
officers, directors and Affiliates. In addition, (i) the Trustee shall also
indemnify and hold harmless the Depositor, each Person, if any, who "controls"
the Depositor within the meaning of the 1933 Act, and its officers, directors
and Affiliates from and against any losses, damages, penalties, fines,
forfeitures, reasonable and necessary legal fees and related costs, judgments
and other costs and expenses arising out of or based upon any inaccuracy in the
certification provided by the Trustee pursuant to this Section 3.31(c), any
breach of the Trustee's obligations under this Section 3.31(c) or the Trustee's
negligence, bad faith or willful misconduct in connection therewith and (ii) the
Servicer shall indemnify and hold harmless the Depositor, each Person, if any,
who "controls" the Depositor within the meaning of the 1933 Act, and its
officers, directors and Affiliates from and against any losses, damages,
penalties, fines, forfeitures, reasonable and necessary legal fees and related
costs, judgments and other costs and expenses arising out of or based upon any
inaccuracy in the certification provided by the Servicer pursuant to this
Section 3.31(c), any breach of the Servicer's obligations under this Section
3.31(c) or the Servicer's negligence, bad faith or willful misconduct in
connection therewith. If the indemnification provided for herein is unavailable
or insufficient to hold harmless the Depositor, each Person, if any, who
"controls" the Depositor within the meaning of the 1933 Act, and its officers,
directors and Affiliates, then (i) the Trustee agrees that it shall contribute
to the amount paid or payable by the Depositor, its officers, directors or
Affiliates as a result of the losses, claims, damages or liabilities of the
Depositor, its officers, directors or Affiliates in such proportion as is
appropriate to reflect the relative fault of the Depositor and its officers,
directors and Affiliates on the one hand and the Trustee on the other in
connection with a breach of the Trustee's obligations under this Section 3.31(c)
or the Trustee's negligence, bad faith or willful misconduct in connection
therewith and (ii) the Servicer agrees that it shall contribute to the amount
paid or payable by the Depositor, its officers, directors or Affiliates as a
result of the losses, claims, damages or liabilities of the Depositor, its
officers, directors or Affiliates in such proportion as is appropriate to
reflect the relative fault of the Depositor and its officers, directors and
Affiliates on the one hand and the Servicer on the other in connection with a
breach of the Servicer's obligations under this Section 3.31(c) or the
Servicer's negligence, bad faith or willful misconduct in connection therewith.
The Servicer hereby acknowledges and agrees that the Depositor and the Trustee
are relying on the Servicer's performance of its obligations under Sections 3.19
and 3.20 in order to perform their respective obligations under this Section
3.31.
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(d) Upon any filing with the Securities and Exchange Commission, the
Trustee shall promptly deliver to the Depositor a copy of any such executed
report, statement or information.
(e) The obligations set forth in paragraphs (a) through (d) of this
Section shall only apply with respect to periods for which the Trustee is
obligated to file reports on Form 8-K or 10-K pursuant to paragraph (b) of this
Section. Prior to January 30th of the first year in which the Trustee is able to
do so, the Trustee shall prepare, execute and file with the Securities and
Exchange Commission a Form 15 Suspension Notification with respect to the Trust,
and thereafter there shall be no further obligations under paragraphs (a)
through (d) of this Section commencing with the calendar year in which the Form
15 is filed (other than the obligations to be performed in such calendar year
that relate back to the prior calendar year).
(f) If the Securities and Exchange Commission issues additional
interpretative guidance or promulgates additional rules or regulations, or if
other changes in applicable law occur, which would require the reporting
arrangements, or the allocation of responsibilities with respect thereto,
described in this Section 3.31, to be conducted differently than as described,
the Depositor, the Servicer and the Trustee will reasonably cooperate to amend
the provisions of this Section 3.31 in order to comply with such amended
reporting requirements and such amendment of this Section 3.31. Any such
amendment shall be made in accordance with Section 11.01 without the consent of
the Certificateholders, and may result in a change in the reports filed by the
Trustee on behalf of the Trust under the Exchange Act. Notwithstanding the
foregoing, none of the Depositor, the Servicer or the Trustee shall be obligated
to enter into any amendment pursuant to this Section 3.31 that adversely affects
its obligations and immunities under this Agreement.
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Section 3.32 Credit Reporting; Xxxxx-Xxxxx-Xxxxxx Act.
(a) With respect to each Mortgage Loan, the Servicer agrees to fully
furnish, in accordance with Xxxxxx Mae Guide Announcement 95-19 and the Fair
Credit Reporting Act and its implementing regulations, accurate and complete
information (e.g., favorable and unfavorable) on its borrower credit files to
Equifax, Experian and TransUnion Credit Information Company (three of the credit
repositories) on a monthly basis and agrees it shall report one of the following
statuses each month as follows: new origination, current, delinquent (30-, 60-,
90-days, etc.), foreclosed, or charged-off.
(b) The Servicer shall comply with Title V of the Xxxxx-Xxxxx-Xxxxxx
Act of 1999 and all applicable regulations promulgated thereunder, relating to
the Mortgage Loans and the related borrowers and shall provide all required
notices thereunder.
ARTICLE IV
FLOW OF FUNDS
Section 4.01 Interest Distributions.
On each Distribution Date, the Trustee shall withdraw from the
Distribution Account the Interest Remittance Amount and apply it in the
following order of priority (based upon the Mortgage Loan information provided
to it in the Remittance Report, upon which the Trustee may conclusively rely),
and the calculations required to be made by the Trustee, to the extent
available:
(i) concurrently, to the Trustee, the Trustee Fee for such
Distribution Date, to the Credit Risk Manager, the Credit Risk Manager
Fee for such Distribution Date, pro rata;
(ii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount to
the Class A-1 Certificates, the Accrued Certificate Interest
thereon for such Distribution Date; and
(b) from the Group 2 Interest Remittance Amount to
the Class A-2 Certificates, the Accrued Certificate Interest
thereon for such Distribution Date;
(iii) concurrently, as follows:
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(a) from the Group 1 Interest Remittance Amount to
the Class A-1 Certificates, the Interest Carry Forward Amount
thereon for such Distribution Date; and
(b) from the Group 2 Interest Remittance Amount to
the Class A-2 Certificates, the Interest Carry Forward Amount
thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is
insufficient to pay the Class A-1 Certificates' Accrued
Certificate Interest for such Distribution Date pursuant to
Section 4.01(ii)(a) above, from the remaining Group 2 Interest
Remittance Amount, to the Class A-1 Certificates, to cover
such shortfall for such Distribution Date; and
(b) if the Group 2 Interest Remittance Amount is
insufficient to pay the Class A-2 Certificates' Accrued
Certificate Interest for such Distribution Date pursuant to
Section 4.01(ii)(b) above, from the remaining Group 1 Interest
Remittance Amount, to the Class A-2 Certificates, to cover
such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is
insufficient to pay the Class A-1 Certificates' Interest Carry
Forward Amount for such Distribution Date pursuant to Section
4.01(iii)(a) above, from the remaining Group 2 Interest
Remittance Amount, to the Class A-1 Certificates, to cover
such shortfall for such Distribution Date; and
(b) if the Group 2 Interest Remittance Amount is
insufficient to pay the Class A-2 Certificates' Interest Carry
Forward Amount for such Distribution Date pursuant to Section
4.01(iii)(b) above, from the remaining Group 1 Interest
Remittance Amount, to the Class A-2 Certificates, to cover
such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate
Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate
Interest thereon for such Distribution Date;
(viii) to the Class M-3 Certificates, the Accrued Certificate
Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate
Interest thereon for such Distribution Date;
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(x) to the Class M-5 Certificates, the Accrued Certificate
Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate
Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate
Interest thereon for such Distribution Date; and
(xiii) the amount, if any, of the Interest Remittance Amount
remaining after application with respect to the priorities set forth
above will be applied as described under Section 4.02(b) hereof.
Section 4.02 Distributions of Principal and Monthly Excess Cashflow
Amounts.
(a) On each Distribution Date, the Trustee shall make the following
distributions in the following order of priority (based upon the Mortgage Loan
information provided to it in the Remittance Report and the calculations
required to be made by the Trustee), to the extent of the Principal Distribution
Amount:
(i) before the Stepdown Date or with respect to which a
Trigger Event is in effect, sequentially, as follows:
first, concurrently, as follows:
(a) the Group 1 Senior Principal Distribution Amount
to the Class A-1 Certificates, until the Certificate Principal
Balance thereof has been reduced to zero; and
(b) the Group 2 Senior Principal Distribution Amount
to the Class A-2 Certificates, until the Certificate Principal
Balance thereof has been reduced to zero;
second, concurrently, as follows:
(a) the Group 1 Senior Principal Distribution Amount
remaining after priority first of this Section 4.02(a)(i), to
the Class A-2 Certificates, until the Certificate Principal
Balance thereof has been reduced to zero; and
(b) the Group 2 Senior Principal Distribution Amount
remaining after priority first of this Section 4.02(a)(i), to
the Class A-1 Certificates, until the Certificate Principal
Balance thereof has been reduced to zero;
third, to the Class M-1 Certificates, until the Certificate
Principal Balance thereof has been reduced to zero;
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fourth, to the Class M-2 Certificates, until the Certificate
Principal Balance thereof has been reduced to zero;
fifth, to the Class M-3 Certificates, until the Certificate
Principal Balance thereof has been reduced to zero;
sixth, to the Class M-4 Certificates, until the Certificate
Principal Balance thereof has been reduced to zero;
seventh, to the Class M-5 Certificates, until the Certificate
Principal Balance thereof has been reduced to zero;
eighth, to the Class M-6 Certificates, until the Certificate
Principal Balance thereof has been reduced to zero;
ninth, to the Class M-7 Certificates, until the Certificate
Principal Balance thereof has been reduced to zero; and
tenth, any remaining Principal Distribution Amount will be
distributed as part of the Monthly Excess Cashflow Amount as set forth
in Section 4.02(b).
(ii) on or after the Stepdown Date and as long as a Trigger Event is
not in effect:
first, concurrently, as follows:
(a) the Group 1 Senior Principal Distribution Amount
to the Class A-1 Certificates, until the Certificate Principal
Balance thereof has been reduced to zero; and
(b) the Group 2 Senior Principal Distribution Amount
to the Class A-2 Certificates, until the Certificate Principal
Balance thereof has been reduced to zero;
second, concurrently, as follows:
(a) the Group 1 Senior Principal Distribution Amount
remaining after priority first of this Section 4.02(a)(ii), to
the Class A-1 Certificates, until the Certificate Principal
Balance thereof has been reduced to zero; and
(b) the Group 2 Senior Principal Distribution Amount
remaining after priority first of this Section 4.02(a)(ii), to
the Class A-2 Certificates, until the Certificate Principal
Balance thereof has been reduced to zero;
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third, to the Class M-1 Certificates, up to the Class M-1
Principal Distribution Amount, until the Certificate Principal Balance
thereof has been reduced to zero;
fourth, to the Class M-2 Certificates, up to the Class M-2
Principal Distribution Amount, until the Certificate Principal Balance
thereof has been reduced to zero;
fifth, to the Class M-3 Certificates, up to the Class M-3
Principal Distribution Amount, until the Certificate Principal Balance
thereof has been reduced to zero;
sixth, to the Class M-4 Certificates, up to the Class M-4
Principal Distribution Amount, until the Certificate Principal Balance
thereof has been reduced to zero;
seventh, to the Class M-5 Certificates, up to the Class M-5
Principal Distribution Amount, until the Certificate Principal Balance
thereof has been reduced to zero;
eighth, to the Class M-6 Certificates, up to the Class M-6
Principal Distribution Amount, until the Certificate Principal Balance
thereof has been reduced to zero;
ninth, to the Class M-7 Certificates, up to the Class M-7
Principal Distribution Amount, until the Certificate Principal Balance
thereof has been reduced to zero; and
tenth, any remaining Principal Distribution Amount will be
distributed as part of the Monthly Excess Cashflow Amount as set forth
in Section 4.02(b).
(b) On each Distribution Date, any Monthly Excess Cashflow Amount shall
be distributed, to the extent available, in the following order of priority on
such Distribution Date:
(i) to pay any remaining Accrued Certificate Interest for such
Distribution Date, pro rata, for the Class A Certificates;
(ii) to pay any Interest Carry Forward Amounts for such
Distribution Date, pro rata, for the Class A Certificates;
(iii) to pay any remaining unpaid Accrued Certificate Interest
for such Distribution Date on the Class M-1 Certificates;
(iv) to pay the remaining Interest Carry Forward Amount, if
any, for the Class M-1 Certificates;
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(v) to pay the Class M-1 Realized Loss Amortization Amount for
such Distribution Date;
(vi) to pay any remaining unpaid Accrued Certificate Interest
for such Distribution Date on the Class M-2 Certificates;
(vii) to pay the remaining Interest Carry Forward Amount, if
any, for the Class M-2 Certificates;
(viii) to pay the Class M-2 Realized Loss Amortization Amount
for such Distribution Date;
(ix) to pay any remaining unpaid Accrued Certificate Interest
for such Distribution Date on the Class M-3 Certificates;
(x) to pay the remaining Interest Carry Forward Amount, if
any, for the Class M-3 Certificates;
(xi) to pay the Class M-3 Realized Loss Amortization Amount
for such Distribution Date;
(xii) to pay any remaining unpaid Accrued Certificate Interest
for such Distribution Date on the Class M-4 Certificates;
(xiii) to pay the remaining Interest Carry Forward Amount, if
any, for the Class M-4 Certificates;
(xiv) to pay the Class M-4 Realized Loss Amortization Amount
for such Distribution Date;
(xv) to pay any remaining unpaid Accrued Certificate Interest
for such Distribution Date on the Class M-5 Certificates;
(xvi) to pay the remaining Interest Carry Forward Amount, if
any, for the Class M-5 Certificates;
(xvii) to pay the Class M-5 Realized Loss Amortization Amount
for such Distribution Date;
(xviii) to pay any remaining unpaid Accrued Certificate
Interest for such Distribution Date on the Class M-6 Certificates;
(xix) to pay the remaining Interest Carry Forward Amount, if
any, for the Class M-6 Certificates;
(xx) to pay the Class M-6 Realized Loss Amortization Amount
for such Distribution Date;
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(xxi) to pay any remaining unpaid Accrued Certificate Interest
for such Distribution Date on the Class M-7 Certificates;
(xxii) to pay the remaining Interest Carry Forward Amount, if
any, for the Class M-7 Certificates;
(xxiii) to pay the Class M-7 Realized Loss Amortization Amount
for such Distribution Date;
(xxiv) first, to the Class A-1 and Class A-2 Certificates, pro
rata, and then sequentially, to the Class X-0, Xxxxx X-0, Class M-3,
Class M-4, Class M-5, Class M-6 and Class M-7 Certificates, in that
order, any Cap Carryover Amount for each such Class; and
(xxv) to the Class CE Certificates, up to the Class CE
Distributable Amount for such Distribution Date.
On each Distribution Date, there shall be distributed to the Holder of
the Class R Certificate in respect of the Class R-1 Interest, any remaining
amount in the Distribution Account on such date after the application pursuant
to Sections 4.01, 4.02(a) and 4.02(b)(i)-(xxv).
(c) On each Distribution Date, the Trustee shall withdraw any amounts
then on deposit in the Distribution Account that represent Prepayment Charges
collected by the Servicer in connection with the Principal Prepayment in full of
any of the Mortgage Loans, any Originator Prepayment Charge Payment Amount or
Servicer Prepayment Charge Payment Amount and shall distribute such amounts to
the Holders of the Class P Certificates. Such amounts shall be treated as having
been distributed to the Holders of the Class P Certificates from the Grantor
Trust.
(d) Any amounts distributed to the Offered Certificates in respect of
interest pursuant to Sections 4.02(b)(xxiv) which constitute Cap Carryover
Amounts shall first be deemed distributed by REMIC 2 as a distribution to the
Class CE Certificates, and then distributed to the Offered Certificates from the
Grantor Trust as payments on notional principal contracts in the nature of cap
contracts. Any remaining amount with respect to the Class CE Certificates or any
remaining Yield Maintenance Agreement Payment shall be treated as having been
distributed to the Holders of the Class CE Certificates from the Grantor Trust.
(e) On each Distribution Date, Unpaid Realized Loss Amounts on the
Offered Certificates will be reduced by the amount of any Subsequent Recoveries
received during the related Prepayment Period in the same order as Realized Loss
Amortization Amounts are paid to the Offered Certificates pursuant to Section
4.02(b) above.
Section 4.03 Allocation of Losses.
Any Applied Realized Loss Amount for a Distribution Date will be
allocated first against the Class CE Certificates, until the Notional Balance
thereof is reduced to zero and then against the Class X-0, Xxxxx X-0, Class M-5,
Class M-4, Class M-3, Class M-2 and Class M-1 Certificates, in that order and
until the respective Certificate Principal Balances thereof are reduced to zero.
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On any Distribution Date on which the Class M-1 Applied Realized Loss
Amount is calculated pursuant to clause (x) of the definition thereof, Realized
Losses with respect to (i) the Group 1 Mortgage Loans shall be applied to reduce
the Certificate Principal Balance of the Class M-1 Certificates in an amount up
to the product of (a) the amount of Realized Losses with respect to the Group 1
Mortgage Loans divided by the amount of Realized Losses with respect to all the
Mortgage Loans and (b) the Certificate Principal Balance of Class M-1
Certificates and (ii) the Group 2 Mortgage Loans shall be applied to reduce the
Certificate Principal Balance of the Class M-1 Certificates in an amount up to
the product of (a) the amount of Realized Losses with respect to the Group 2
Mortgage Loans divided by the amount of Realized Losses with respect to all the
Mortgage Loans and (b) the Certificate Principal Balance of Class M-1
Certificates.
Section 4.04 Method of Distribution.
The Trustee shall make distributions in respect of a Distribution Date
to each Certificateholder of record on the related Record Date (other than as
provided in Section 10.01 respecting the final distribution), in the case of
Certificateholders of the Certificates, by wire transfer in immediately
available funds to the account of the Person entitled thereto if such Person
shall have so notified the Trustee in writing at least five Business Days prior
to the Record Date immediately prior to such Distribution Date and is the
registered owner of such Certificates, or by check mailed by first class mail to
the address of the Person entitled thereto, as such name and address shall
appear on the Certificate Register, provided that the Trustee may deduct a
reasonable wire transfer fee from any payment made by wire transfer.
Distributions among Certificateholders shall be made in proportion to the
Percentage Interests evidenced by the Certificates held by such
Certificateholders.
Section 4.05 Distributions on Book-Entry Certificates.
Each distribution with respect to a Book-Entry Certificate shall be
paid to the Depository, which shall credit the amount of such distribution to
the accounts of its Depository Participants in accordance with its normal
procedures. Each Depository Participant shall be responsible for disbursing such
distribution to the Certificate Owners that it represents and to each indirect
participating brokerage firm (a "brokerage firm" or "indirect participating
firm") for which it acts as agent. Each brokerage firm shall be responsible for
disbursing funds to the Certificate Owners that it represents. All such credits
and disbursements with respect to a Book-Entry Certificate are to be made by the
Depository and the Depository Participants in accordance with the provisions of
the Certificates. None of the Trustee, the Depositor or the Servicer shall have
any responsibility therefor except as otherwise provided by applicable law.
Section 4.06 Statements.
(a) On each Distribution Date, based on the Mortgage Loan information
contained in the Remittance Report, the Trustee shall prepare and post on its
website at xxx.xxxxxxxx.xxx/xxx, a statement (the "Distribution Date Statement")
as to the distributions made on such Distribution Date:
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(i) the amount of the distribution made on such Distribution
Date to the Holders of each Class of Certificates allocable to
principal, separately identified and the amount of the distribution
made on such Distribution Date to the Holders of the Class P
Certificates allocable to Prepayment Charges, Originator Prepayment
Charge Payment Amounts and Servicer Prepayment Charge Payment Amounts;
(ii) the amount of the distribution made on such Distribution
Date to the Holders of each Class of Certificates allocable to interest
or Class CE Distributable Amount, separately identified;
(iii) the Overcollateralization Amount, the
Overcollateralization Release Amount, the Overcollateralization
Deficiency and the Targeted Overcollateralization Amount as of such
Distribution Date and the Monthly Excess Interest Amount and Monthly
Excess Cashflow Amount for such Distribution Date;
(iv) the aggregate amount of servicing compensation received
by the Servicer during the related Collection Period;
(v) the aggregate amount of Advances for the related
Collection Period, cumulative unreimbursed Advances and Servicing
Advances and cumulative Nonrecoverable Advances;
(vi) the Pool Balance, at the close of business at the end of
the related Collection Period;
(vii) the number, weighted average remaining term to maturity
and weighted average Mortgage Interest Rate of the Mortgage Loans as of
the related Due Date;
(viii) the number and aggregate unpaid principal balance of
Mortgage Loans (a) 30 to 59 days past due on a contractual basis, (b)
60 to 89 days past due on a contractual basis, (c) 90 or more days past
due on a contractual basis, (d) as to which foreclosure proceedings
have been commenced and (e) in bankruptcy as of the close of business
on the last day of the calendar month preceding such Distribution Date;
(ix) with respect to any Mortgage Loan that became an REO
Property during the preceding calendar month, the loan number of such
Mortgage Loan, the unpaid Principal Balance of the REO Property as of
the close of business on the last Business Day of such calendar month
and the Principal Balance of such Mortgage Loan as of the date it
became an REO Property;
(x) the book value of any REO Property as of the close of
business on the last Business Day of the calendar month preceding the
Distribution Date, and, cumulatively, the total number and cumulative
principal balance of all REO Properties as of the close of business of
the last day of the preceding Collection Period;
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(xi) separately stated for each Loan Group, the aggregate
amount of Principal Prepayments made during the related Prepayment
Period;
(xii) separately stated for each Loan Group, the aggregate
amount of Realized Losses incurred during the related Collection Period
and the cumulative amount of Realized Losses;
(xiii) the Certificate Principal Balance of each Class of
Certificates, after giving effect to the distributions, and allocations
of Realized Losses or Applied Realized Loss Amounts, as applicable,
made on such Distribution Date, separately identifying any reduction
thereof due to allocations of Realized Losses or Applied Realized Loss
Amounts;
(xiv) the Accrued Certificate Interest in respect of each
Class of Certificates for such Distribution Date and any related Cap
Carryover Amounts, and the respective portions thereof, if any,
remaining unpaid following the distributions made in respect of such
Certificates on such Distribution Date;
(xv) the aggregate amount of any Prepayment Interest
Shortfalls for such Distribution Date, to the extent not covered by
payments by the Servicer pursuant to Section 3.23;
(xvi) the amount of the Trustee Fee paid;
(xvii) the Cap Carryover Amounts distributed on such
Distribution Date, the amounts remaining after giving effect to
distributions thereof on such Distribution Date and the amount of all
Cap Carryover Amounts covered by withdrawals from the Class A-2 Reserve
Account and Class M Reserve Account on such Distribution Date;
(xviii) any Overcollateralization Deficiency after giving
effect to the distribution of principal on such Distribution Date;
(xix) whether a Trigger Event has occurred and is continuing,
and the cumulative Realized Losses, as a percentage of the original
Pool Balance;
(xx) the Available Funds;
(xxi) the rate at which interest accrues for each Class of
Certificates for such Distribution Date;
(xxii) the information contained in the Liquidation Report for
such Distribution Date;
(xxiii) the aggregate Principal Balance of Mortgage Loans
purchased by the Servicer, the Originator or the Seller during the
related Prepayment Period and indicating the section of this Agreement
requiring or allowing the purchase of each such Mortgage Loan;
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(xxiv) the aggregate Principal Balance of the Mortgage Loans
repurchased by the Servicer during the related Prepayment Period in
connection with Section 3.16;
(xxv) the amount of the Credit Risk Manager Fee paid;
(xxvi) the Mortgage Loan identifying number of each Mortgage
Loan with a Prepayment Charge that was the subject of a Principal
Prepayment in full during the related Collection Period, the Prepayment
Charge listed on each related Mortgage Note and the Prepayment Charge
collected, the Servicer Prepayment Charge Payment Amount paid by the
Servicer or the Originator Prepayment Charge Payment Amount paid by the
Originator with respect to each such Mortgage Loan;
(xxvii) the aggregate amount of DA Dividends attributable DAD
Mortgage Loans deposited into the DA Reserve Account for the related
Collection Period, and the amount of DA Dividends remitted to the
Trustee for deposit in the Distribution Account as a result of or
relating to a DA Forfeiture Event by the related Mortgagor; and
(xxviii) the amount of Subsequent Recoveries received during
the related Prepayment Period.
The Trustee may fully rely upon and shall have no liability with
respect to information with respect to the Mortgage Loans provided by the
Servicer.
In the case of information furnished pursuant to subclauses (i), (ii)
and (xiii) above, the amounts shall be expressed in a separate section of the
report as a dollar amount for each Class for each $1,000 original dollar amount
as of the Cut-off Date.
(b) Within a reasonable period of time after the end of each calendar
year, the Trustee shall furnish to the NIMS Insurer and each Person who at any
time during the calendar year was a Certificateholder of a Regular Certificate,
if requested in writing by such Person, such information as is reasonably
necessary to provide to such Person a statement containing the information set
forth in subclauses (i), (ii), (xiv) and (xviii) above, aggregated for such
calendar year or applicable portion thereof during which such Person was a
Certificateholder. Such obligation of the Trustee shall be deemed to have been
satisfied to the extent that substantially comparable information shall be
prepared and furnished by the Trustee to Certificateholders pursuant to any
requirements of the Code as are in force from time to time.
(c) On each Distribution Date, the Trustee shall make available to the
Class R Certificateholder a copy of the reports made available to the Regular
Certificateholders in respect of such Distribution Date with such other
information as the Trustee deems necessary or appropriate. Such obligation of
the Trustee shall be deemed to have been satisfied to the extent that
substantially comparable information shall be prepared and furnished to Class R
Certificateholder by the Trustee pursuant to any requirements of the Code as
from time to time in force.
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Section 4.07 Remittance Reports; Advances.
(a) On the second Business Day following each Determination Date but in
no event later than the 20th day of each month (or if such 20th day is not a
Business Day, the preceding Business Day), the Servicer shall deliver to the
Trustee and the NIMS Insurer by telecopy (or by such other means as the
Servicer, the NIMS Insurer and the Trustee may agree from time to time) a
Remittance Report with respect to the related Distribution Date. On the same
date, the Servicer shall electronically forward to the Trustee in such medium as
may be agreed between the Servicer and the Trustee the information set forth in
such Remittance Report with respect to the related Distribution Date and such
information reasonably available to the Servicer necessary in order for the
Trustee to perform the calculations necessary to make the distributions
contemplated by Section 4.01, 4.02 and 4.03 and to prepare the Distribution Date
Statement. The Trustee shall not be responsible to recompute, recalculate or
verify any information provided to it by the Servicer.
(b) The amount of Advances to be made by the Servicer for any
Distribution Date shall equal, subject to Section 4.07(d), the sum of (i) the
aggregate amount of Monthly Payments (net of the related Servicing Fee), due
during the related Collection Period in respect of the Mortgage Loans, which
Monthly Payments were delinquent on a contractual basis as of the close of
business on the related Determination Date and (ii) with respect to each REO
Property, which REO Property was acquired during or prior to the related
Collection Period and as to which REO Property an REO Disposition did not occur
during the related Collection Period, an amount equal to the excess, if any, of
the REO Imputed Interest on such REO Property for such Collection Period, over
the net income from such REO Property transferred to the Distribution Account
pursuant to Section 3.13 for distribution on such Distribution Date.
On or before 1:00 p.m. New York time on the Servicer Remittance Date,
the Servicer shall remit in immediately available funds to the Trustee for
deposit in the Distribution Account an amount equal to the aggregate amount of
Advances, if any, to be made in respect of the Mortgage Loans for the related
Distribution Date either (i) from its own funds or (ii) from the Collection
Account, to the extent of funds held therein for future distribution (in which
case it will cause to be made an appropriate entry in the records of the
Collection Account that amounts held for future distribution have been, as
permitted by this Section 4.07, used by the Servicer in discharge of any such
Advance) or (iii) in the form of any combination of (i) and (ii) aggregating the
total amount of Advances to be made by the Servicer with respect to the Mortgage
Loans. Any amounts held for future distribution and so used shall be
appropriately reflected in the Servicer's records and replaced by the Servicer
by deposit in the Collection Account on or before any future Servicer Remittance
Date to the extent that the Available Funds for the related Distribution Date
(determined without regard to Advances to be made on the Servicer Remittance
Date) shall be less than the total amount that would be distributed to the
Classes of Certificateholders pursuant to Section 4.01 and 4.02 on such
Distribution Date if such amounts held for future distributions had not been so
used to make Advances. The Trustee will provide notice to the Servicer and NIMS
Insurer by telecopy by the close of business on any Servicer Remittance Date in
the event that the amount remitted by the Servicer to the Trustee on such date
is less than the Advances required to be made by the Servicer for the related
Distribution Date, as set forth in the related Remittance Report.
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(c) The obligation of the Servicer to make such Advances is mandatory,
notwithstanding any other provision of this Agreement but subject to (d) below,
and, with respect to any Mortgage Loan, shall continue until the earlier of such
time as such Mortgage Loan is paid in full by the Mortgagor or disposed of by
the Trust, or until the recovery of all Liquidation Proceeds thereon.
(d) Notwithstanding anything herein to the contrary, no Advance or
Servicing Advance shall be required to be made hereunder by the Servicer if such
Advance would, if made, constitute a Nonrecoverable Advance. The determination
by the Servicer that it has made a Nonrecoverable Advance or that any proposed
Advance, if made, would constitute a Nonrecoverable Advance, shall be evidenced
by an Officers' Certificate of the Servicer delivered to the Depositor, the NIMS
Insurer and the Trustee. The Trustee shall be entitled to conclusively rely upon
any such determination by the Servicer.
Section 4.08 REMIC Distributions and Allocation of Losses.
(a) On each Distribution Date, the Trustee shall cause in the following
order of priority, the following amounts to be distributed by REMIC 1 to REMIC 2
on account of the REMIC 1 Regular Interests or withdrawn from the Distribution
Account and distributed to the Holders of the Class R Certificates (in respect
of the Class R-1 Interest), as the case may be:
(i) to Holders of REMIC 1 Regular Interest LT1AA, REMIC 1
Regular Interest LT1A1, REMIC 1 Regular Interest LT1A2, REMIC 1 Regular
Interest LT1M1, REMIC 1 Regular Interest LT1M2, REMIC 1 Regular
Interest LT1M3, REMIC 1 Regular Interest LT1M4, REMIC 1 Regular
Interest LT1M5, REMIC 1 Regular Interest LT1M6, REMIC 1 Regular
Interest LT1M7 and REMIC 1 Regular Interest LT1ZZ, pro rata, in an
amount equal to (A) the Uncertificated Accrued Interest for such
Distribution Date, plus (B) any amounts in respect thereof remaining
unpaid from previous Distribution Dates. Amounts payable as
Uncertificated Accrued Interest in respect of REMIC 1 Regular Interest
LT1ZZ shall be reduced and deferred when the REMIC 1 Overcollateralized
Amount is less than the REMIC 1 Overcollateralization Target Amount, by
the lesser of (x) the amount of such difference and (y) the Maximum
LT1ZZ Uncertificated Accrued Interest Deferral Amount and such amount
will be payable to the Holders of REMIC 1 Regular Interest LT1A1, REMIC
1 Regular Interest LT1A2, REMIC 1 Regular Interest LT1M1, REMIC 1
Regular Interest LT1M2, REMIC 1 Regular Interest LT1M3, REMIC 1 Regular
Interest LT1M4, REMIC 1 Regular Interest LT1M5, REMIC 1 Regular
Interest LT1M6 and REMIC 1 Regular Interest LT1M7 in the same
proportion as the Overcollateralization Deficiency is allocated to the
Corresponding Certificates;
(ii) to Holders of REMIC 1 Regular Interest LT1SUB, REMIC 1
Regular Interest LT1GRP, REMIC 1 Regular Interest LT2SUB, REMIC 1
Regular Interest LT2GRP and REMIC 1 Regular Interest LT1XX, pro rata,
in an amount equal to (A) the Uncertificated Accrued Interest for such
Distribution Date, plus (B) any amounts in respect thereof remaining
unpaid from previous Distribution Dates;
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(iii) to the Holders of REMIC 1 Regular Interests, in an
amount equal to the remainder of the REMIC 1 Marker Allocation
Percentage of Available Funds for such Distribution Date after the
distributions made pursuant to clause (i) above, allocated as follows:
(1) to REMIC 1 Regular Interest LT1AA, 98.00% of such
remainder, until the Uncertificated Principal Balance of such
Uncertificated REMIC 1 Regular Interest is reduced to zero;
(2) to REMIC 1 Regular Interest LT1A1, REMIC 1
Regular Interest LT1A2, REMIC 1 Regular Interest LT1M1, REMIC
1 Regular Interest LT1M2, REMIC 1 Regular Interest LT1M3,
REMIC 1 Regular Interest LT1M4, REMIC 1 Regular Interest
LT1M5, REMIC 1 Regular Interest LT1M6 and REMIC 1 Regular
Interest LT1M7, 1.00% of such remainder, in the same
proportion as principal payments are allocated to the
Corresponding Certificates, until the Uncertificated Principal
Balances of such REMIC 1 Regular Interests are reduced to
zero; then
(3) to REMIC 1 Regular Interest LT1ZZ, 1.00% of such
remainder, until the Uncertificated Principal Balance of such
REMIC 1 Regular Interest is reduced to zero;
provided, however, that (i) 98.00% and (ii) 2.00% of any principal
payments that are attributable to an Aggregate Overcollateralization
Release Amount shall be allocated to (i) REMIC 1 Regular Interest LT1AA
and (ii) REMIC 1 Regular Interest LT1ZZ, respectively; and
(iv) to the Holders of REMIC 1 Regular Interests, in an amount
equal to the REMIC 1 Sub WAC Allocation Percentage of Available Funds
for such Distribution Date after the distributions made pursuant to
clause (i) above, such that distributions of principal shall be deemed
to be made to the REMIC 1 Regular Interests first, so as to keep the
Uncertificated Principal Balance of each REMIC 1 Regular Interest
ending with the designation "GRP" equal to 0.01% of the aggregate
Principal Balance of the Mortgage Loans in the related group of
Mortgage Loans; second, to each REMIC 1 Regular Interest ending with
the designation "SUB," so that the Uncertificated Principal Balance of
each such REMIC 1 Regular Interest is equal to 0.01% of the excess of
(x) the aggregate Principal Balance of the Mortgage Loans in the
related group of Mortgage Loans over (y) the aggregate current
Certificate Principal Balance of the Class A Certificates in the
related group of Mortgage Loans (except that if any such excess is a
larger number than in the preceding distribution period, the least
amount of principal shall be distributed to such REMIC 1 Regular
Interests such that the REMIC 1 Subordinated Balance Ratio is
maintained); and third, any remaining principal to REMIC 1 Regular
Interest LT1XX.
(b) The Trustee shall cause the following allocation of losses:
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(i) The REMIC 1 Marker Allocation Percentage of the aggregate
amount of any Prepayment Interest Shortfalls and the REMIC 1 Marker
Allocation Percentage of the aggregate amount of any Relief Act
Interest Shortfalls incurred in respect of the Mortgage Loans for any
Distribution Date shall be allocated first, to Uncertificated Accrued
Interest payable to REMIC 1 Regular Interest LT1AA and REMIC 1 Regular
Interest LT1ZZ up to an aggregate amount equal to the REMIC 1 Interest
Loss Allocation Amount, 98% and 2%, respectively, and thereafter among
REMIC 1 Regular Interest LT1A1, REMIC 1 Regular Interest LT1A2, REMIC 1
Regular Interest LT1M1, REMIC 1 Regular Interest LT1M2, REMIC 1 Regular
Interest LT1M3, REMIC 1 Regular Interest LT1M4, REMIC 1 Regular
Interest LT1M5, REMIC 1 Regular Interest LT1M6, REMIC 1 Regular
Interest LT1M7 and REMIC 1 Regular Interest LT1ZZ pro rata based on,
and to the extent of, one month's interest at the then applicable
respective Uncertificated REMIC 1 Pass-Through Rate on the respective
Uncertificated Principal Balance of each such REMIC 1 Regular Interest;
(ii) The REMIC 1 Sub WAC Allocation Percentage of the
aggregate amount of any Prepayment Interest Shortfalls and the REMIC 1
Sub WAC Allocation Percentage of the aggregate amount of any Relief Act
Interest Shortfalls incurred in respect of the Mortgage Loans for any
Distribution Date shall be allocated first, to Uncertificated Accrued
Interest payable to REMIC 1 Regular Interest LT1SUB, REMIC 1 Regular
Interest LT1GRP, REMIC 1 Regular Interest LT2SUB, REMIC 1 Regular
Interest LT2GRP and REMIC 1 Regular Interest LT1XX, pro rata based on,
and to the extent of, one month's interest at the then applicable
respective Uncertificated REMIC 1 Pass-Through Rate on the respective
Uncertificated Principal Balance of each such REMIC 1 Regular Interest;
(iii) The REMIC 1 Marker Percentage of all Realized Losses on
the Mortgage Loans shall be allocated by the Trustee on each
Distribution Date to the following REMIC 1 Regular Interests in the
specified percentages, as follows: first, to Uncertificated Accrued
Interest payable to REMIC 1 Regular Interest LT1AA and REMIC 1 Regular
Interest LT1ZZ up to an aggregate amount equal to the REMIC 1 Interest
Loss Allocation Amount, 98% and 2%, respectively; second, to the
Uncertificated Principal Balances of REMIC 1 Regular Interest LT1AA and
REMIC 1 Regular Interest LT1ZZ up to an aggregate amount equal to the
REMIC 1 Principal Loss Allocation Amount, 98% and 2%, respectively;
third, to the Uncertificated Principal Balances of REMIC 1 Regular
Interest LT1AA, REMIC 1 Regular Interest LT1M7 and REMIC 1 Regular
Interest LT1ZZ, 98%, 1% and 1%, respectively, until the Uncertificated
Principal Balance of REMIC 1 Regular Interest LT1M7 has been reduced to
zero, fourth, to the Uncertificated Principal Balances of REMIC 1
Regular Interest LT1AA, REMIC 1 Regular Interest LT1M6 and REMIC 1
Regular Interest LT1ZZ, 98%, 1% and 1%, respectively, until the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1M6 has
been reduced to zero; fifth, to the Uncertificated Principal Balances
of REMIC 1 Regular Interest LT1AA, REMIC 1 Regular Interest LT1M5 and
REMIC 1 Regular Interest LT1ZZ, 98%, 1% and 1%, respectively, until the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1M5 has
been reduced to zero; sixth, to the Uncertificated Principal Balances
of REMIC 1 Regular Interest LT1AA, REMIC 1 Regular Interest LT1M4 and
REMIC 1 Regular Interest LT1ZZ, 98%, 1% and 1%, respectively, until the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1M4 has
been reduced to zero; seventh to the Uncertificated Principal Balances
of REMIC 1 Regular Interest LT1AA, REMIC 1 Regular Interest LT1M3 and
REMIC 1 Regular Interest LT1ZZ, 98%, 1% and 1%, respectively, until the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1M3 has
been reduced to zero; eighth, to the Uncertificated Principal Balances
of REMIC 1 Regular Interest LT1AA, REMIC 1 Regular Interest LT1M2 and
REMIC 1 Regular Interest LT1ZZ, 98%, 1% and 1%, respectively, until the
Uncertificated Principal Balance of REMIC 1 Regular Interest LT1M2 has
been reduced to zero; and ninth, to the Uncertificated Principal
Balances of REMIC 1 Regular Interest LT1AA, REMIC 1 Regular Interest
LT1M1 and REMIC 1 Regular Interest LT1ZZ, 98%, 1% and 1%, respectively,
until the Uncertificated Principal Balances of REMIC 1 Regular Interest
LT1M1 has been reduced to zero; and
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(iv) The REMIC 1 Sub WAC Allocation Percentage of all Realized
Losses shall be applied after all distributions have been made on each
Distribution Date first, so as to keep the Uncertificated Principal
Balance of each REMIC 1 Regular Interest ending with the designation
"GRP" equal to 0.01% of the aggregate Stated Principal Balance of the
Mortgage Loans in the related Loan Group; second, to each REMIC 1
Regular Interest ending with the designation "SUB," so that the
Uncertificated Principal Balance of each such REMIC 1 Regular Interest
is equal to 0.01% of the excess of (x) the aggregate Principal Balance
of the Mortgage Loans in the related Loan Group over (y) the aggregate
current Certificate Principal Balances of the Class A Certificates in
the related group of Mortgage Loans (except that if any such excess is
a larger number than in the preceding distribution period, the least
amount of Realized Losses shall be applied to such REMIC 1 Regular
Interests such that the REMIC 1 Subordinated Balance Ratio is
maintained); and third, any remaining Realized Losses shall be
allocated to REMIC 1 Regular Interest LT1XX.
(c) Notwithstanding anything to the contrary contained herein,
the above distributions in this Section 4.08 (other than on the
Certificates) are deemed distributions, and distributions of funds from
the Distribution Account shall be made only in accordance with Sections
4.01 and 4.02 hereof.
ARTICLE V
THE CERTIFICATES
Section 5.01 The Certificates.
Each of the Class A-1, Class A-2, Class M-1, Class M-2, Class M-3,
Class M-4, Class M-5, Class M-6, Class M-7, Class CE, Class P and Class R
Certificates shall be substantially in the forms annexed hereto as exhibits, and
shall, on original issue, be executed by the Trustee and authenticated and
delivered by the Certificate Registrar to or upon the receipt of a Written Order
to Authenticate from the Depositor concurrently with the sale and assignment to
the Trustee of the Trust Fund. Each Class of the Offered Certificates shall be
initially evidenced by one or more Certificates representing a Percentage
Interest with a minimum dollar denomination of $25,000 and integral multiples of
$1 in excess thereof. The Class CE and Class P Certificates are issuable only in
minimum Percentage Interests of 10%. The Class R Certificate is issuable only as
a single certificate.
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The Certificates shall be executed on behalf of the Trust by manual or
facsimile signature on behalf of the Trustee by a Responsible Officer.
Certificates bearing the manual or facsimile signatures of individuals who were,
at the time when such signatures were affixed, authorized to sign on behalf of
the Trustee shall bind the Trust, notwithstanding that such individuals or any
of them have ceased to be so authorized prior to the authentication and delivery
of such Certificates or did not hold such offices at the date of such
Certificate. No Certificate shall be entitled to any benefit under this
Agreement or be valid for any purpose, unless such Certificate shall have been
manually authenticated by the Certificate Registrar substantially in the form
provided for herein, and such authentication upon any Certificate shall be
conclusive evidence, and the only evidence, that such Certificate has been duly
authenticated and delivered hereunder. All Certificates shall be dated the date
of their authentication. Subject to Section 5.02(c), the Offered Certificates
shall be Book-Entry Certificates. The Class CE, Class P and Class R Certificates
shall not be Book-Entry Certificates but shall be issued in fully registered
certificate form.
Section 5.02 Registration of Transfer and Exchange of Certificates.
(a) The Certificate Registrar shall cause to be kept at the Corporate
Trust Office of the Trustee a Certificate Register in which, subject to such
reasonable regulations as it may prescribe, the Certificate Registrar shall
provide for the registration of Certificates and of transfers and exchanges of
Certificates as herein provided. The Trustee shall initially serve as
Certificate Registrar for the purpose of registering Certificates and transfers
and exchanges of Certificates as herein provided. The Trustee as Certificate
Registrar shall be subject to the same standards of care, limitations on
liability and rights to indemnity as the Trustee, and the provisions of Sections
8.01, 8.02, 8.03, 8.04, 8.05, 8.14 and 8.15 shall apply to the Certificate
Registrar to the same extent as they apply to the Trustee. Any Certificate
Registrar appointed in accordance with this Section 5.02(a) may at any time
resign by giving at least 30 days' advance written notice of resignation to the
Trustee, the Servicer and the Depositor, such resignation to become effective
upon appointment of a successor Certificate Registrar.
Upon surrender for registration of transfer of any Certificate at any
office or agency of the Certificate Registrar maintained for such purpose
pursuant to the foregoing paragraph and, in the case of the Class R Certificate,
upon satisfaction of the conditions set forth below, the Trustee on behalf of
the Trust shall execute and the Certificate Registrar shall authenticate and
deliver, in the name of the designated transferee or transferees, one or more
new Certificates of the same aggregate Percentage Interest.
At the option of the Certificateholders, Certificates may be exchanged
for other Certificates in authorized denominations and the same aggregate
Percentage Interests, upon surrender of the Certificates to be exchanged at any
such office or agency. Whenever any Certificates are so surrendered for
exchange, the Trustee shall execute on behalf of the Trust and the Certificate
Registrar shall authenticate and deliver the Certificates which the
Certificateholder making the exchange is entitled to receive. Every Certificate
presented or surrendered for registration of transfer or exchange shall (if so
required by the Trustee or the Certificate Registrar) be duly endorsed by, or be
accompanied by a written instrument of transfer satisfactory to the Trustee and
the Certificate Registrar duly executed by, the Holder thereof or his attorney
duly authorized in writing.
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(b) Upon original issuance, the Book-Entry Certificates shall be issued
in the form of one or more typewritten certificates, to be delivered to the
Depository, the initial Depository, by, or on behalf of, the Depositor; or to,
and deposited with the Certificate Custodian, on behalf of the Depository, if
directed to do so pursuant to instructions from the Depository. Except as
provided in paragraph (c) below, the Book-Entry Certificates shall at all times
remain registered in the name of the Depository or its nominee and at all times:
(i) registration of such Certificates may not be transferred by the Trustee
except to another Depository; (ii) the Depository shall maintain book-entry
records with respect to the Certificate Owners and with respect to ownership and
transfers of such Certificates; (iii) ownership and transfers of registration of
such Certificates on the books of the Depository shall be governed by applicable
rules established by the Depository; (iv) the Depository may collect its usual
and customary fees, charges and expenses from its Depository Participants; (v)
the Trustee shall for all purposes deal with the Depository as representative of
the Certificate Owners of the Certificates for purposes of exercising the rights
of Holders under this Agreement, and requests and directions for and votes of
such representative shall not be deemed to be inconsistent if they are made with
respect to different Certificate Owners; (vi) the Trustee may rely and shall be
fully protected in relying upon information furnished by the Depository with
respect to its Depository Participants and furnished by the Depository
Participants with respect to indirect participating firms and Persons shown on
the books of such indirect participating firms as direct or indirect Certificate
Owners; and (vii) the direct participants of the Depository shall have no rights
under this Agreement under or with respect to any of the Certificates held on
their behalf by the Depository, and the Depository may be treated by the Trustee
and its agents, employees, officers and directors as the absolute owner of the
Certificates for all purposes whatsoever.
All transfers by Certificate Owners of Book-Entry Certificates shall be
made in accordance with the procedures established by the Depository Participant
or brokerage firm representing such Certificate Owners. Each Depository
Participant shall only transfer Book-Entry Certificates of Certificate Owners
that it represents or of brokerage firms for which it acts as agent in
accordance with the Depository's normal procedures. The parties hereto are
hereby authorized to execute a Letter of Representations with the Depository or
take such other action as may be necessary or desirable to register a Book-Entry
Certificate to the Depository. In the event of any conflict between the terms of
any such Letter of Representation and this Agreement, the terms of this
Agreement shall control.
(c) If the Depository advises the Trustee in writing that the
Depository is no longer willing or able to discharge properly its
responsibilities as Depository and the Trustee or the Depositor is unable to
locate a qualified successor. Upon surrender to the Certificate Registrar of the
Book-Entry Certificates by the Depository, accompanied by registration
instructions from the Depository for registration, the Trustee shall, at the
Trust's expense, execute on behalf of the Trust and the Certificate Registrar
shall authenticate definitive, fully registered certificates (the "Definitive
Certificates"). None of the Depositor or the Trustee shall be liable for any
delay in delivery of such instructions and may conclusively rely on, and shall
be protected in relying on, such instructions. Upon the issuance of Definitive
Certificates, the Trustee, the Certificate Registrar, the Servicer, any Paying
Agent and the Depositor shall recognize the Holders of the Definitive
Certificates as Certificateholders hereunder.
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(d) Except with respect to a transfer of the Private Certificates
between or among the Depositor, the Seller, their affiliates or both, no
transfer, sale, pledge or other disposition of any Private Certificate shall be
made unless such disposition is exempt from the registration requirements of the
1933 Act, and any applicable state securities laws or is made in accordance with
the 1933 Act and laws. In the event of any such transfer, (i) unless such
transfer is made in reliance upon Rule 144A (as evidenced by the investment
letter delivered to the Certificate Registrar, in substantially the form
attached hereto as Exhibit J) under the 1933 Act, the Certificate Registrar and
the Depositor shall require a written Opinion of Counsel (which may be in-house
counsel) acceptable to and in form and substance reasonably satisfactory to the
Certificate Registrar and the Depositor that such transfer may be made pursuant
to an exemption, describing the applicable exemption and the basis therefor,
from the 1933 Act or is being made pursuant to the 1933 Act, which Opinion of
Counsel shall not be an expense of the Certificate Registrar or the Depositor or
(ii) the Certificate Registrar shall require the transferor to execute a
transferor certificate (in substantially the form attached hereto as Exhibit L)
and the transferee to execute an investment letter (in substantially the form
attached hereto as Exhibit J) acceptable to and in form and substance reasonably
satisfactory to the Depositor and the Certificate Registrar certifying to the
Depositor and the Certificate Registrar the facts surrounding such transfer,
which investment letter shall not be an expense of the Certificate Registrar or
the Depositor. The Holder of a Private Certificate desiring to effect such
transfer shall, and does hereby agree to, indemnify the Certificate Registrar
and the Depositor against any liability that may result if the transfer is not
so exempt or is not made in accordance with such federal and state laws.
No transfer of an ERISA-Restricted Certificate shall be made unless the
Certificate Registrar shall have received either (i) a representation from the
transferee of such Certificate, acceptable to and in form and substance
satisfactory to the Certificate Registrar and the Depositor (such requirement is
satisfied only by the Certificate Registrar's receipt of a representation letter
from the transferee substantially in the form of Exhibit I hereto, as
appropriate), to the effect that such transferee is not an employee benefit plan
or arrangement subject to Section 406 of ERISA, a plan subject to Section 4975
of the Code or a plan subject to any federal, state or local law ("Similar Law")
materially similar to the foregoing provisions of ERISA or the Code, nor a
person acting on behalf of any such plan or arrangement nor using the assets of
any such plan or arrangement to effect such transfer or (ii) (except in the case
of a Class R, Class P or Class CE Certificate) if the purchaser is an insurance
company, a representation that the purchaser is an insurance company which is
purchasing such Certificates with funds contained in an "insurance company
general account" (as such term is defined in Section V(e) of Prohibited
Transaction Class Exemption 95-60 ("PTCE 95-60") and that the purchase and
holding of such Certificates are covered under Sections I and III of PTCE 95-60
or (iii) (except in the case of the Class R Certificate) in the case of any such
ERISA Restricted Certificate presented for registration in the name of an
employee benefit plan subject to ERISA or a plan or arrangement subject to
Section 4975 of the Code (or comparable provisions of any subsequent
enactments), or a trustee of any such plan or any other person acting on behalf
of any such plan or arrangement or using such plan's or arrangement's assets, an
Opinion of Counsel satisfactory to the Certificate Registrar, to the effect that
the purchase or holding of such ERISA Restricted Certificate will not constitute
or result in a non-exempt prohibited transaction within the meaning of ERISA,
Section 4975 of the Code or Similar Law and will not subject the Depositor, the
Servicer, the Trustee, the NIMS Insurer or the Certificate Registrar to any
obligation in addition to those expressly undertaken in this Agreement or to any
liability. For purposes of clause (i) of the preceding sentence, such
representation shall be deemed to have been made to the Certificate Registrar by
the acceptance by a Certificate Owner of the beneficial interest in any such
Class of ERISA-Restricted Certificates, unless the Certificate Registrar shall
have received from the transferee an alternative representation acceptable in
form and substance to the Depositor. Notwithstanding anything else to the
contrary herein, any purported transfer of an ERISA-Restricted Certificate to or
on behalf of an employee benefit plan subject to ERISA, Section 4975 of the Code
or Similar Law without the delivery to the Certificate Registrar of an Opinion
of Counsel satisfactory to the Certificate Registrar as described above shall be
void and of no effect. Any representations required to be made in subsection (i)
and (ii) above in the case of an ERISA-Restricted Certificate which is also a
Book-Entry Certificate shall be deemed to have been made by the acquisition of
such Certificate.
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Any beneficial owner of a Class M Certificate that is not an
ERISA-Restricted Certificate shall be deemed to have represented by virtue of
its acquisition or holding of such Certificate that such Certificate is rated
"BBB-" (or its equivalent) or higher by Fitch or S&P.
Each Person who has or who acquires any Ownership Interest in the Class
R Certificate shall be deemed by the acceptance or acquisition of such Ownership
Interest to have agreed to be bound by the following provisions and to have
irrevocably appointed the Depositor or its designee as its attorney-in-fact to
negotiate the terms of any mandatory sale under clause (v) below and to execute
all instruments of transfer and to do all other things necessary in connection
with any such sale, and the rights of each Person acquiring any Ownership
Interest in the Class R Certificate are expressly subject to the following
provisions:
(i) Each Person holding or acquiring any Ownership Interest in
the Class R Certificate shall be a Permitted Transferee and shall
promptly notify the Certificate Registrar of any change or impending
change in its status as a Permitted Transferee.
(ii) No Person shall acquire an Ownership Interest in the
Class R Certificate unless such Ownership Interest is a pro rata
undivided interest.
(iii) In connection with any proposed transfer of any
Ownership Interest in the Class R Certificate, the Certificate
Registrar shall as a condition to registration of the transfer, require
delivery to it, in form and substance satisfactory to it, of each of
the following:
(A) an affidavit in the form of Exhibit K hereto from the proposed
transferee to the effect that, among other things, such transferee is a
Permitted Transferee and that it is not acquiring its Ownership Interest in the
Class R Certificate that is the subject of the proposed transfer as a nominee,
trustee or agent for any Person who is not a Permitted Transferee; and
(B) a covenant of the proposed transferee to the effect that the
proposed transferee agrees to be bound by and to abide by the transfer
restrictions applicable to the Class R Certificate.
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(iv) Any attempted or purported transfer of any Ownership
Interest in the Class R Certificate in violation of the provisions of
this Section shall be absolutely null and void and shall vest no rights
in the purported transferee. If any purported transferee shall, in
violation of the provisions of this Section, become the Holder of the
Class R Certificate, then the prior Holder of such Class R Certificate
that is a Permitted Transferee shall, upon discovery that the
registration of transfer of such Class R Certificate was not in fact
permitted by this Section, be restored to all rights as Holder thereof
retroactive to the date of registration of transfer of such Class R
Certificate. The Certificate Registrar shall be under no liability to
any Person for any registration of transfer of the Class R Certificate
that is in fact not permitted by this Section or for making any
distributions due on such Class R Certificate to the Holder thereof or
taking any other action with respect to such Holder under the
provisions of this Agreement so long as the Certificate Registrar
received the documents specified in clause (iii). The Trustee shall be
entitled to recover from any Holder of the Class R Certificate that was
in fact not a Permitted Transferee at the time such distributions were
made all distributions made on such Class R Certificate. Any such
distributions so recovered by the Trustee shall be distributed and
delivered by the Trustee to the prior Holder of such Class R
Certificate that is a Permitted Transferee.
(v) If any Person other than a Disqualified Organization
acquires any Ownership Interest in the Class R Certificate in violation
of the restrictions in this Section, then the Certificate Registrar
shall have the right but not the obligation, without notice to the
Holder of the Class R Certificate or any other Person having an
Ownership Interest therein, to notify the Depositor to arrange for the
sale of the Class R Certificate. The proceeds of such sale, net of
commissions (which may include commissions payable to the Depositor or
its Affiliates in connection with such sale), expenses and taxes due,
if any, will be remitted by the Trustee to the previous Holder of the
Class R Certificate that is a Permitted Transferee, except that in the
event that the Trustee determines that the Holder of the Class R
Certificate may be liable for any amount due under this Section or any
other provisions of this Agreement, the Trustee may withhold a
corresponding amount from such remittance as security for such claim.
The terms and conditions of any sale under this clause (v) shall be
determined in the sole discretion of the Trustee and it shall not be
liable to any Person having an Ownership Interest in the Class R
Certificate as a result of its exercise of such discretion.
(vi) If any Person other than a Permitted Transferee acquires
any Ownership Interest in the Class R Certificate in violation of the
restrictions in this Section, then the Trustee will provide to the
Internal Revenue Service, and to the persons specified in Sections
860E(e)(3) and (6) of the Code, information needed to compute the tax
imposed under Section 860E(e)(5) of the Code on transfers of residual
interests to disqualified organizations. The Trustee shall be entitled
to reasonable compensation for providing such information from the
person to whom it is provided.
The foregoing provisions of this Section shall cease to apply to transfers
occurring on or after the date on which there shall have been delivered to the
Certificate Registrar, in form and substance satisfactory to the Certificate
Registrar, (i) written notification from each Rating Agency that the removal of
the restrictions on Transfer set forth in this Section will not cause such
Rating Agency to downgrade its rating of the Certificates and (ii) an Opinion of
Counsel to the effect that such removal will not cause any REMIC created
hereunder to fail to qualify as a REMIC.
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(e) No service charge shall be made for any registration of transfer or
exchange of Certificates of any Class, but the Certificate Registrar may require
payment of a sum sufficient to cover any tax or governmental charge that may be
imposed in connection with any transfer or exchange of Certificates.
All Certificates surrendered for registration of transfer or exchange
shall be cancelled by the Certificate Registrar and disposed of pursuant to its
standard procedures.
Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.
If (i) any mutilated Certificate is surrendered to the Certificate
Registrar or the Certificate Registrar receives evidence to its satisfaction of
the destruction, loss or theft of any Certificate and (ii) there is delivered to
the Trustee, the Depositor, the NIMS Insurer and the Certificate Registrar such
security or indemnity as may be required by them to save each of them harmless,
then, in the absence of notice to the Trustee or the Certificate Registrar that
such Certificate has been acquired by a bona fide purchaser, the Trustee shall
execute on behalf of the Trust, and the Certificate Registrar shall authenticate
and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost
or stolen Certificate, a new Certificate of like tenor and Percentage Interest.
Upon the issuance of any new Certificate under this Section, the Trustee or the
Certificate Registrar may require the payment of a sum sufficient to cover any
tax or other governmental charge that may be imposed in relation thereto and any
other expenses (including the fees and expenses of the Trustee and the
Certificate Registrar) in connection therewith. Any duplicate Certificate issued
pursuant to this Section, shall constitute complete and indefeasible evidence of
ownership in the Trust, as if originally issued, whether or not the lost, stolen
or destroyed Certificate shall be found at any time.
Section 5.04 Persons Deemed Owners.
The Servicer, the Depositor, the NIMS Insurer, the Trustee, the
Certificate Registrar, any Paying Agent and any agent of the Servicer, the
Depositor, the NIMS Insurer, the Certificate Registrar, any Paying Agent or the
Trustee may treat the Person, including a Depository, in whose name any
Certificate is registered as the owner of such Certificate for the purpose of
receiving distributions pursuant to Section 4.01 and 4.02 and for all other
purposes whatsoever, and none of the Servicer, the Trust, the NIMS Insurer, the
Trustee nor any agent of any of them shall be affected by notice to the
contrary.
Section 5.05 Appointment of Paying Agent.
The Paying Agent shall make distributions to Certificateholders from
the Distribution Account pursuant to Section 4.01 and 4.02 and shall report the
amounts of such distributions to the Trustee. The duties of the Paying Agent may
include the obligation to distribute statements and provide information to
Certificateholders as required hereunder. The Paying Agent hereunder shall at
all times be an entity duly incorporated and validly existing under the laws of
the United States of America or any state thereof, authorized under such laws to
exercise corporate trust powers and subject to supervision or examination by
federal or state authorities. The Paying Agent shall initially be the Trustee.
The Trustee may appoint a successor to act as Paying Agent, which appointment
shall be reasonably satisfactory to the Depositor, the NIMS Insurer and the
Rating Agencies. The Trustee as Paying Agent shall be subject to the same
standards of care, limitations on liability and rights to indemnity as the
Trustee, and the provisions of Sections 8.01, 8.02, 8.03, 8.04, 8.05, 8.14 and
8.15 shall apply to the Paying Agent to the same extent as they apply to the
Trustee. Any Paying Agent appointed in accordance with this Section 5.05 may at
any time resign by giving at least 30 days' advance written notice of
resignation to the Trustee, the Servicer, the NIMS Insurer and the Depositor,
such resignation to become effective upon appointment of a successor Paying
Agent.
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ARTICLE VI
THE SERVICER AND THE DEPOSITOR
Section 6.01 Liability of the Servicer and the Depositor.
The Servicer shall be liable in accordance herewith only to the extent
of the obligations specifically imposed upon and undertaken by the Servicer
herein. The Depositor shall be liable in accordance herewith only to the extent
of the obligations specifically imposed upon and undertaken by the Depositor.
Section 6.02 Merger or Consolidation of, or Assumption of the
Obligations of, the Servicer or the Depositor.
Any entity into which the Servicer or the Depositor may be merged or
consolidated, or any entity resulting from any merger, conversion or
consolidation to which the Servicer or the Depositor shall be a party, or any
corporation succeeding to the business of the Servicer or the Depositor, shall
be the successor of the Servicer or the Depositor, as the case may be,
hereunder, without the execution or filing of any paper or any further act on
the part of any of the parties hereto, anything herein to the contrary
notwithstanding; provided, however, that the successor servicer shall satisfy
all the requirements of Section 7.02 with respect to the qualifications of a
successor servicer.
Section 6.03 Limitation on Liability of the Servicer and Others.
None of the Depositor, the Servicer, or any directors, officers,
employees or agents of the Depositor or the Servicer shall be under any
liability to the Trust or the Certificateholders for any action taken or for
refraining from the taking of any action, in good faith pursuant to this
Agreement, or for errors in judgment; provided, however, that this provision
shall not protect the Depositor or the Servicer or any such Person against any
liability which would otherwise be imposed by reason of any breach of
representations or warranties made by such party herein or against any specific
liability imposed on the Servicer for a breach of the Servicing Standard and/or
this Agreement, or against any liability that would otherwise be imposed by
reason of its respective willful misfeasance, bad faith, fraud or negligence in
the performance of its duties or by reason of its negligent disregard of its
respective obligations and duties hereunder; provided, further, that this
provision shall not be construed to entitle the Servicer to indemnity in the
event that amounts advanced by the Servicer to retire any senior lien exceed
Liquidation Proceeds (in excess of related liquidation expenses) realized with
respect to the related Mortgage Loan. The Depositor, the Servicer and any
director, officer, employee or agent of the Depositor or the Servicer, may rely
in good faith on any document of any kind which, prima facie, is properly
executed and submitted by any appropriate Person with respect to any matters
arising hereunder. The Depositor, the Servicer and any director, officer,
employee or agent of the Depositor or the Servicer shall be indemnified and held
harmless by the Trust against any loss, liability or expense incurred in
connection with any legal action relating to this Agreement or the Certificates,
other than any loss, liability or expense incurred in connection with any legal
action incurred by reason of its respective misfeasance, bad faith, fraud or
negligence, a breach of a representation or warranty made by such party
hereunder or (in the case of the Servicer) a breach of the Servicing Standard in
the performance of its respective duties or by reason of negligent disregard of
its respective obligations or duties hereunder. Neither the Depositor nor the
Servicer shall be under any obligation to appear in, prosecute or defend any
legal action unless such action is related to its respective duties under this
Agreement and in its opinion does not expose it to any expense or liability;
provided, however, that the Depositor or the Servicer may in their discretion
undertake any action related to their obligations hereunder which they may deem
necessary or desirable with respect to this Agreement and the rights and duties
of the parties hereto and the interests of the Certificateholders hereunder. In
such event, the reasonable legal expenses and costs of such action and any
liability resulting therefrom shall be expenses, costs and liabilities of the
Trust and the Servicer shall be entitled to pay such expenses from the proceeds
of the Trust or to be reimbursed therefor pursuant to Section 3.05(a) upon
presentation to the Trustee of documentation of such expenses, costs and
liabilities. The Servicer's right to indemnity or reimbursement pursuant to this
Section shall survive any resignation or termination of the Servicer pursuant to
Section 6.04 or 7.01 with respect to any losses, expenses, costs or liabilities
arising prior to such resignation or termination (or arising from events that
occurred prior to such resignation or termination).
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Section 6.04 Servicer Not to Resign.
Subject to the provisions of Section 7.01 and Section 6.02, the
Servicer shall not resign from the obligations and duties hereby imposed on it
except (i) upon determination that the performance of its obligations or duties
hereunder are no longer permissible under applicable law or are in material
conflict by reason of applicable law with any other activities carried on by it
or its subsidiaries or Affiliates, the other activities of the Servicer so
causing such a conflict being of a type and nature carried on by the Servicer or
its subsidiaries or Affiliates at the date of this Agreement or (ii) upon
satisfaction of the following conditions: (a) the Servicer has proposed a
successor servicer to the Trustee and the NIMS Insurer in writing and such
proposed successor servicer is reasonably acceptable to the Trustee and the NIMS
Insurer; and (b) each Rating Agency shall have delivered a letter to the Trustee
and the NIMS Insurer prior to the appointment of the successor servicer stating
that the proposed appointment of such successor servicer as Servicer hereunder
will not result in the reduction or withdrawal of the then current rating of the
Regular Certificates or the ratings that are in effect; provided, however, that
no such resignation by the Servicer shall become effective until such successor
servicer or, in the case of (i) above, the Trustee shall have assumed the
Servicer's responsibilities and obligations hereunder or the Trustee shall have
designated a successor servicer in accordance with Section 7.02. Any such
resignation shall not relieve the Servicer of responsibility for any of the
obligations specified in Sections 7.01 and 7.02 as obligations that survive the
resignation or termination of the Servicer. Any such determination permitting
the resignation of the Servicer shall be evidenced by an Opinion of Counsel to
such effect delivered to the Trustee and the NIMS Insurer.
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Section 6.05 Delegation of Duties.
(a) In the ordinary course of business, the Servicer at any time may
delegate any of its duties hereunder to any Person, including any of its
Affiliates, who agrees to conduct such duties in accordance with standards
comparable to those set forth in Section 3.01. Such delegation shall not relieve
the Servicer of its liabilities and responsibilities with respect to such duties
and shall not constitute a resignation within the meaning of Section 6.04. The
Servicer shall provide the Trustee, the NIMS Insurer and the Rating Agencies
with 60 days prior written notice prior to the delegation of any of its duties
to any Person other than any of the Servicer's Affiliates or their respective
successors and assigns.
(b) The Servicer is hereby authorized, with the consent of the NIMS
Insurer, to enter into a financing or other facility (any such arrangement, an
"Advance Facility") under which (1) the Servicer assigns or pledges to another
Person (together with such Person's successors and assigns, an "Advancing
Person") the Servicer's rights under this Agreement to be reimbursed for any
Advances or Servicing Advances and/or (2) an Advancing Person agrees to fund
some or all Advances and/or Servicing Advances required to be made by the
Servicer pursuant to this Agreement. The Servicer shall notify each other party
to this Agreement prior to or promptly after entering into or terminating any
Advance Facility. Notwithstanding the existence of any Advance Facility under
which an Advancing Person agrees to fund Advances and/or Servicing Advances on
the Servicer's behalf, the Servicer shall remain obligated pursuant to this
Agreement to make Advances and Servicing Advances pursuant to and as required by
this Agreement. If the Servicer enters into an Advance Facility, and for so long
as an Advancing Person remains entitled to receive reimbursement for any
Advances and/or Servicing Advances, as applicable, pursuant to this Agreement,
then the Servicer shall not be permitted to reimburse itself for Advances and/or
Servicing Advances, but instead the Servicer shall be required to remit amounts
collected that would otherwise be retained by the Servicer to reimburse it for
the amount of previously unreimbursed Advances ("Advance Reimbursements") and/or
previously unreimbursed Servicing Advances ("Servicing Advance Reimbursements"
and together with Advance Reimbursements, "Reimbursements") (in each case to the
extent such type of Reimbursements are included in the Advance Facility) in
accordance with the documentation establishing the Advance Facility to such
Advancing Person or to a trustee, agent or custodian (an "Advance Facility
Trustee") designated by such Advancing Person. Notwithstanding anything to the
contrary herein, in no event shall Advance Reimbursements or Servicing Advance
Reimbursements be included in the "Available Funds" or distributed to
Certificateholders. If the terms of a facility proposed to be entered into with
an Advancing Person by the Servicer would not materially and adversely affect
the interests of any Certificateholder, then the NIMS Insurer shall not withhold
its consent to the Servicer's entering such facility.
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To the extent that an Advancing Person is entitled to any
Reimbursements, the Servicer shall provide to the Trustee an Officers'
Certificate which shall specify the amount of such Reimbursement, the applicable
Remittance Date, the Section of this Agreement that permits the applicable
Reimbursement to be paid and the section of the Advance Facility documentation
that entitles the Advancing Person to request reimbursement from the Trustee,
rather than the Servicer. Reimbursements shall consist solely of amounts in
respect of Advances and/or Servicing Advances made with respect to the Mortgage
Loans for which the Servicer would be permitted to reimburse itself in
accordance with this Agreement, assuming the Servicer had made the related
Advance(s) and/or Servicing Advance(s). Notwithstanding the foregoing, no Person
shall be entitled to reimbursement from funds held in the Collection Account for
future distribution to Certificateholders pursuant to this Agreement. None of
the Depositor or the Trustee shall have any duty or liability with respect to
the calculation or payment of any Reimbursements, nor shall the Depositor or the
Trustee have any responsibility to track or monitor the administration of the
Advance Facility or the payment of Reimbursements to the related Advancing
Person or Advance Facility Trustee. The Servicer shall maintain and provide to
any successor servicer and (upon request) the Trustee a detailed accounting on a
loan by loan basis as to amounts advanced by, pledged or assigned to, and
reimbursed to any Advancing Person. The successor servicer shall be entitled to
rely on any such information provided by the predecessor servicer, and the
successor servicer shall not be liable for any errors in such information.
An Advancing Person who receives an assignment or pledge of the rights
to be reimbursed for Advances and/or Servicing Advances, and/or whose
obligations hereunder are limited to the funding of Advances and/or Servicing
Advances shall not be required to meet the criteria for qualification of a
subservicer set forth in this Agreement.
The documentation establishing any Advance Facility shall require that
Reimbursements distributed with respect to each Mortgage Loan be allocated to
outstanding unreimbursed Advances or Servicing Advances (as the case may be)
made with respect to that Mortgage Loan on a "first in, first out" (FIFO) basis.
Such documentation shall also require the Servicer to provide to the related
Advancing Person or Advance Facility Trustee loan by loan information with
respect to each Reimbursement distributed to such Advancing Person or Advance
Facility Trustee on each Distribution Date, to enable the Advancing Person or
Advance Facility Trustee to make the FIFO allocation of each Reimbursement with
respect to each Mortgage Loan. The Servicer shall remain entitled to be
reimbursed by the Advancing Person or Advance Facility Trustee for all Advances
and Servicing Advances funded by the Servicer to the extent the related rights
to be reimbursed therefor have not been assigned or pledged to an Advancing
Person.
The Servicer shall indemnify the Depositor, the Trustee, the NIMS
Insurer, any successor servicer and the Trust Fund resulting from any claim by
the related Advancing Person, except to the extent that such claim, loss,
liability or damage resulted from or arose out of negligence, recklessness or
willful misconduct on the part of the Depositor, the Trustee or any successor
servicer.
Any amendment to this Section 6.05(b) or to any other provision of this
Agreement that may be necessary or appropriate to effect the terms of an Advance
Facility as described generally in this Section 6.05(b), including amendments to
add provisions relating to a successor servicer, may be entered into by the
Trustee, the Depositor and the Servicer without the consent of any
Certificateholder but with the consent of the NIMS Insurer, provided such
amendment complies with Section 11.01 hereof. All reasonable costs and expenses
(including attorneys' fees) of each party hereto of any such amendment shall be
borne solely by the Servicer. Prior to entering into an Advance Facility, the
Servicer shall notify the lender under such facility in writing that: (a) the
Advances and/or Servicing Advances financed by and/or pledged to the lender are
obligations owed to the Servicer on a non-recourse basis payable only from the
cash flows and proceeds received under this Agreement for reimbursement of
Advances and/or Servicing Advances only to the extent provided herein, and the
Trustee and the Trust are not otherwise obligated or liable to repay any
Advances and/or Servicing Advances financed by the lender; (b) the Servicer will
be responsible for remitting to the lender the applicable amounts collected by
it as reimbursement for Advances and/or Servicing Advances funded by the lender,
subject to the restrictions and priorities created in this Agreement; and (c)
the Trustee shall not have any responsibility to track or monitor the
administration of the financing arrangement between the Servicer and the lender.
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ARTICLE VII
DEFAULT
Section 7.01 Servicer Events of Termination.
(a) If any one of the following events ("Servicer Events of
Termination") shall occur and be continuing:
(i) (A) The failure by the Servicer to make any Advance or to
pay Compensating Interest; or (B) any other failure by the Servicer to
deposit in the Collection Accounts or remit to the Trustee for deposit
in the Distribution Account any payment required to be made under the
terms of this Agreement, which failure continues unremedied for a
period of one Business Day after the first date on which (x) the
Servicer has knowledge of such failure or (y) written notice of such
failure is given to the Servicer; or
(ii) The failure by the Servicer to make any required
Servicing Advance which failure continues unremedied for a period of 30
days, or the failure by the Servicer duly to observe or perform, in any
material respect, any other covenants, obligations or agreements of the
Servicer as set forth in this Agreement, which failure continues
unremedied for a period of 30 days, after the date (A) on which written
notice of such failure, requiring the same to be remedied, shall have
been given to the Servicer by the Trustee or the NIMS Insurer or by any
Holder of a Regular Certificate evidencing at least 25% of the Voting
Rights or (B) actual knowledge of such failure by a Servicing Officer
of the Servicer; or
(iii) The entry against the Servicer of a decree or order by a
court or agency or supervisory authority having jurisdiction in the
premises for the appointment of a trustee, conservator, receiver or
liquidator in any insolvency, conservatorship, receivership,
readjustment of debt, marshalling of assets and liabilities or similar
proceedings, or for the winding up or liquidation of its affairs, and
the continuance of any such decree or order unstayed and in effect for
a period of 60 days; or
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(iv) The Servicer shall voluntarily go into liquidation,
consent to the appointment of a conservator or receiver or liquidator
or similar person in any insolvency, readjustment of debt, marshalling
of assets and liabilities or similar proceedings of or relating to the
Servicer or of or relating to all or substantially all of its property;
or a decree or order of a court or agency or supervisory authority
having jurisdiction in the premises for the appointment of a
conservator, receiver, liquidator or similar person in any insolvency,
readjustment of debt, marshalling of assets and liabilities or similar
proceedings, or for the winding-up or liquidation of its affairs, shall
have been entered against the Servicer and such decree or order shall
have remained in force undischarged, unbonded or unstayed for a period
of 60 days; or the Servicer shall admit in writing its inability to pay
its debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization statute, make
an assignment for the benefit of its creditors or voluntarily suspend
payment of its obligations; or
(v) Any reduction, withdrawal or qualification of the servicer
rating of Servicer by any Rating Agency which results in the inability
of Servicer to act as a primary or special servicer for or any
mortgage-backed or asset-backed transaction rated or to be rated by any
Rating Agency.
(b) Then, and in each and every such case, so long as a Servicer Event
of Termination shall not have been remedied within the applicable grace period,
(x) with respect solely to clause (i)(A) above, if such Advance is not made by
2:00 P.M., New York time, on the Business Day immediately following the Servicer
Remittance Date, the Trustee may terminate all of the rights and obligations of
the Servicer under this Agreement and the Trustee, or a successor servicer
appointed in accordance with Section 7.02, shall immediately make such Advance
and assume, pursuant to Section 7.02, the duties of a successor servicer and (y)
in the case of clause (i)(B), (ii), (iii), (iv) and (v) above, the Trustee
shall, at the direction of the NIMS Insurer or Holders of each Class of Regular
Certificates evidencing Percentage Interests aggregating not less than 51%, by
notice then given in writing to the Servicer (and to the Trustee if given by
Holders of Certificates), terminate all of the rights and obligations of the
Servicer as servicer under this Agreement. Any such notice to the Servicer shall
also be given to each Rating Agency, the NIMS Insurer and the Depositor. On or
after the receipt by the Servicer (and by the Trustee if such notice is given by
the Holders) of such written notice, all authority and power of the Servicer
under this Agreement, whether with respect to the Certificates or the Mortgage
Loans or otherwise, shall pass to and be vested in the Trustee pursuant to and
under this Section or successor servicer appointed in connection with Section
7.02; and, without limitation, the Trustee or successor servicer is hereby
authorized and empowered to execute and deliver, on behalf of the Servicer, as
attorney-in-fact or otherwise, any and all documents and other instruments, and
to do or accomplish all other acts or things necessary or appropriate to effect
the purposes of such notice of termination, whether to complete the transfer and
endorsement of each Mortgage Loan and Related Documents or otherwise. The
Servicer agrees to cooperate with the Trustee (or the applicable successor
servicer) in effecting the termination of the responsibilities and rights of the
Servicer hereunder, including, without limitation, the delivery to the Trustee
(or the applicable successor servicer) of all documents and records requested by
it to enable it to assume the Servicer's functions under this Agreement within
ten Business Days subsequent to such notice, the transfer within one Business
Day subsequent to such notice to the Trustee (or the applicable successor
servicer) for the administration by it of all cash amounts that shall at the
time be held by the Servicer and to be deposited by it in the Collection
Accounts, the Distribution Account or any Escrow Account or that have been
deposited by the Servicer in such accounts or thereafter received by the
Servicer with respect to the Mortgage Loans or any REO Property received by the
Servicer. All reasonable out-of-pocket costs and expenses (including attorneys'
fees) incurred in connection with transferring the servicing to the successor
servicer and amending this Agreement to reflect such succession as Servicer
pursuant to this Section shall be paid by the predecessor servicer (or if the
predecessor servicer is the Trustee, the initial servicer) upon presentation of
reasonable documentation of such costs and expenses, and if such predecessor
Servicer defaults in its obligation to pay such costs, such costs shall be paid
by the successor Servicer or the Trustee (in which case the successor Servicer
or the Trustee shall be entitled to reimbursement therefor from the assets of
the Trust).
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Notwithstanding any termination of the activities of a Servicer
hereunder, the Servicer shall be entitled to receive payment of all accrued and
unpaid Servicing Fees and reimbursement for all outstanding Advances and
Servicing Advances properly made prior to the date of termination in the manner
and at the times set forth herein.
Section 7.02 Trustee to Act; Appointment of Successor.
(a) Within 90 days of the time the Servicer (and the Trustee, if notice
is sent by the Holders) receives a notice of termination pursuant to Section
7.01 or 6.04, the Trustee (or such other successor servicer as is approved in
accordance with this Agreement) shall be the successor in all respects to the
Servicer in its capacity as servicer under this Agreement and the transactions
set forth or provided for herein and shall be subject to all the
responsibilities, duties and liabilities relating thereto placed on the Servicer
by the terms and provisions hereof arising on and after its succession. As
compensation therefor, the Trustee (or such other successor servicer) shall be
entitled to such compensation as the Servicer would have been entitled to
hereunder if no such notice of termination had been given. Notwithstanding the
above, (i) if the Trustee is unwilling to act as successor servicer or (ii) if
the Trustee is legally unable so to act, the Trustee shall appoint or petition a
court of competent jurisdiction to appoint, any established housing and home
finance institution, bank or other mortgage loan or home equity loan servicer
having a net worth of not less than $50,000,000 as the successor to the Servicer
hereunder in the assumption of all or any part of the responsibilities, duties
or liabilities of the Servicer hereunder; provided, that the appointment of any
such successor servicer will not result in the qualification, reduction or
withdrawal of the ratings assigned to the Certificates or the ratings that are
in effect by the Rating Agencies as evidenced by a letter to such effect from
the Rating Agencies and that, in the case of a successor servicer appointed by
the Trustee, such successor servicer is reasonably acceptable to the NIMS
Insurer. Pending appointment of a successor to the Servicer hereunder, unless
the Trustee is prohibited by law from so acting, the Trustee shall act in such
capacity as hereinabove provided. In connection with such appointment and
assumption, the successor shall be entitled to receive compensation out of
payments on Mortgage Loans in an amount equal to the compensation which the
Servicer would otherwise have received pursuant to Section 3.18 (or such other
compensation as the Trustee and such successor shall agree, not to exceed the
Servicing Fee). The successor servicer shall be entitled to withdraw from the
Trust Collection Account all costs and expenses associated with the transfer of
the servicing to the successor servicer, including costs and expenses of the
Trustee. The appointment of a successor servicer shall not affect any liability
of the predecessor servicer which may have arisen under this Agreement prior to
its termination as Servicer to pay any deductible under an insurance policy
pursuant to Section 3.12 or to indemnify the parties indicated in Section 3.26
pursuant to the terms thereof, nor shall any successor servicer be liable for
any acts or omissions of the predecessor servicer or for any breach by such
servicer of any of its representations or warranties contained herein or in any
related document or agreement. The Trustee and such successor shall take such
action, consistent with this Agreement, as shall be necessary to effectuate any
such succession.
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(b) Any successor, including the Trustee, to the Servicer as servicer
shall during the term of its service as servicer continue to service and
administer the Mortgage Loans for the benefit of Certificateholders, and
maintain in force a policy or policies of insurance covering errors and
omissions in the performance of its obligations as Servicer hereunder and a
Fidelity Bond in respect of its officers, employees and agents to the same
extent as the Servicer is so required pursuant to Section 3.12.
Section 7.03 Waiver of Defaults.
The Holders of Certificates entitled to at least 66 2/3% of the Voting
Rights allocated to the Classes of Certificates affected by a Servicer Event of
Termination may, on behalf of all Certificateholders, and with the consent of
the NIMS Insurer, waive any events permitting removal of the Servicer as
servicer pursuant to this Article VII, provided, however, that such Holders may
not waive a default in making a required distribution on a Certificate without
the consent of the Holder of such Certificate and the NIMS Insurer. Upon any
waiver of a past default, such default shall cease to exist and any Servicer
Event of Termination arising therefrom shall be deemed to have been remedied for
every purpose of this Agreement. No such waiver shall extend to any subsequent
or other default or impair any right consequent thereto except to the extent
expressly so waived. Notice of any such waiver shall be given by the Trustee to
the Rating Agencies.
Section 7.04 Notification to Certificateholders.
(a) On any termination or appointment of a successor to the Servicer
pursuant to this Article VII or Section 6.04, the Trustee shall give prompt
written notice thereof to the Certificateholders at their respective addresses
appearing in the Certificate Register, the NIMS Insurer and each Rating Agency.
(b) No later than 60 days after the occurrence of any event which
constitutes or which, with notice or a lapse of time or both, would constitute a
Servicer Event of Termination for five Business Days after a Responsible Officer
of the Trustee becomes aware of the occurrence of such an event, the Trustee
shall transmit by mail to the NIMS Insurer and all Certificateholders notice of
such occurrence unless such default or Servicer Event of Termination shall have
been waived or cured. Such notice shall be given to the Rating Agencies promptly
after any such occurrence.
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Section 7.05 Survivability of Servicer Liabilities.
Notwithstanding anything herein to the contrary, upon termination of
the Servicer hereunder, any liabilities of the Servicer which accrued prior to
such termination shall survive such termination.
ARTICLE VIII
THE TRUSTEE
Section 8.01 Duties of Trustee.
The Trustee, prior to the occurrence of a Servicer Event of Termination
of which a Responsible Officer of the Trustee shall have actual knowledge and
after the curing of all Servicer Events of Termination which may have occurred,
undertakes to perform such duties and only such duties as are specifically set
forth in this Agreement. If a Servicer Event of Termination has occurred (which
has not been cured) of which a Responsible Officer has actual knowledge, the
Trustee shall exercise such of the rights and powers vested in it by this
Agreement, and use the same degree of care and skill in their exercise, as a
prudent person would exercise or use under the circumstances in the conduct of
such person's own affairs.
The Trustee, upon receipt of all resolutions, certificates,
statements, opinions, reports, documents, orders or other instruments furnished
to the Trustee which are specifically required to be furnished pursuant to any
provision of this Agreement, shall examine them to determine whether they
conform to the requirements of this Agreement; provided, however, that that the
Trustee shall not be responsible for the accuracy or content of any resolution,
certificate, statement, opinion, report, document, order or other instrument
furnished by the Servicer, the Seller, the NIMS Insurer or the Depositor
hereunder. If any such instrument is found not to conform in any material
respect to the requirements of this Agreement, the Trustee shall notify the
Certificateholders of such instrument in the event that the Trustee, after so
requesting, does not receive a satisfactorily corrected instrument.
No provision of this Agreement shall be construed to relieve the
Trustee from liability for its own negligent action, its own negligent failure
to act or its own misconduct; provided, however, that:
(i) prior to the occurrence of a Servicer Event of Termination
of which a Responsible Officer of the Trustee shall have actual
knowledge, and after the curing of all such Servicer Events of
Termination which may have occurred, the duties and obligations of the
Trustee shall be determined solely by the express provisions of this
Agreement, the Trustee shall not be liable except for the performance
of such duties and obligations as are specifically set forth in this
Agreement, no implied covenants or obligations shall be read into this
Agreement against the Trustee and, in the absence of bad faith on the
part of the Trustee, the Trustee may conclusively rely, as to the truth
of the statements and the correctness of the opinions expressed
therein, upon any certificates or opinions furnished to the Trustee and
conforming to the requirements of this Agreement;
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(ii) the Trustee shall not be personally liable for an error
of judgment made in good faith by a Responsible Officer of the Trustee,
unless it shall be proved that the Trustee was negligent in
ascertaining or investigating the facts related thereto;
(iii) the Trustee shall not be personally liable with respect
to any action taken, suffered or omitted to be taken by it in good
faith in accordance with the direction of the NIMS Insurer or the
Majority Certificateholders relating to the time, method and place of
conducting any proceeding for any remedy available to the Trustee or
exercising or omitting to exercise any trust or power conferred upon
the Trustee under this Agreement; and
(iv) the Trustee shall not be charged with knowledge of any
failure by the Servicer to comply with the obligations of the Servicer
referred to in clauses (i) and (ii) of Section 7.01(a) or any Servicer
Event of Termination unless a Responsible Officer of the Trustee at the
Corporate Trust Office obtains actual knowledge of such failure or the
Trustee receives written notice of such failure from the Servicer, the
NIMS Insurer or the Majority Certificateholders. In the absence of such
receipt of such notice, the Trustee may conclusively assume that there
is no Servicer Event of Termination.
The Trustee shall not be required to expend or risk its own funds or
otherwise incur financial liability in the performance of any of its duties
hereunder, or in the exercise of any of its rights or powers, if there is
reasonable ground for believing that the repayment of such funds or adequate
indemnity against such risk or liability is not reasonably assured to it, and
none of the provisions contained in this Agreement shall in any event require
the Trustee to perform, or be responsible for the manner of performance of, any
of the obligations of the Servicer under this Agreement, except during such
time, if any, as the Trustee shall be the successor to, and be vested with the
rights, duties, powers and privileges of, the Servicer in accordance with the
terms of this Agreement.
The Trustee shall not have any duty (A) to see any recording, filing,
or depositing of this Agreement or any agreement referred to herein or any
financing statement or continuation statement evidencing a security interest, or
to see to the maintenance of any such recording or filing or depositing or to
any rerecording, refiling or redepositing of any thereof, (B) to see to any
insurance or (C) to see to the payment or discharge of any tax, assessment, or
other governmental charge or any lien or encumbrance of any kind owing with
respect to, assessed or levied against, any part of the Trust Fund other than
from funds available in the Distribution Account.
The Trustee shall have no duty hereunder with respect to any complaint,
claim, demand, notice or other document it may receive or which may be alleged
to have been delivered to or served upon it by any third party as a consequence
of the assignment of any Mortgage Loan hereunder; provided, however, that the
Trustee shall promptly remit to the Servicer upon receipt of any such complaint,
claim, demand, notice or other document (i) which is delivered to the Trustee at
its Corporate Trust Office; (ii) of which a Responsible Officer has actual
knowledge and (iii) which contains information sufficient to permit the Trustee
to make a determination that the real property to which such document relates to
is a Mortgaged Property.
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Section 8.02 Certain Matters Affecting the Trustee.
Except as otherwise provided in Section 8.01:
(a) the Trustee may request and rely upon, and shall be protected in
acting or refraining from acting upon, any resolution, Officers' Certificate,
certificate of auditors or any other certificate, statement, instrument,
opinion, report, notice, request, consent, order, appraisal, bond or other paper
or document reasonably believed by it to be genuine and to have been signed or
presented by the proper party or parties;
(b) the Trustee may consult with counsel and any advice or Opinion of
Counsel shall be full and complete authorization and protection in respect of
any action taken or suffered or omitted by it hereunder in good faith and in
accordance with such advice or Opinion of Counsel;
(c) the Trustee shall not be under any obligation to exercise any of
the rights or powers vested in it by this Agreement, or to institute, conduct or
defend any litigation hereunder or in relation hereto, at the request, order or
direction of the Certificateholders or the NIMS Insurer pursuant to the
provisions of this Agreement, unless such Certificateholders or the NIMS Insurer
shall have offered to the Trustee reasonable security or indemnity against the
costs, expenses and liabilities which may be incurred therein or thereby; the
right of the Trustee to perform any discretionary act enumerated in this
Agreement shall not be construed as a duty, and the Trustee shall not be
answerable for other than its negligence or willful misconduct in the
performance of any such act;
(d) the Trustee shall not be personally liable for any action taken,
suffered or omitted by it in good faith and believed by it to be authorized or
within the discretion or rights or powers conferred upon it by this Agreement;
(e) prior to the occurrence of a Servicer Event of Termination and
after the curing of all Servicer Events of Termination which may have occurred,
the Trustee shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, opinion,
report, notice, request, consent, order, approval, bond or other paper or
documents, unless requested in writing to do so by the Majority
Certificateholders or the NIMS Insurer; provided, however, that if the payment
within a reasonable time to the Trustee of the costs, expenses or liabilities
likely to be incurred by it in the making of such investigation is, in the
opinion of the Trustee, not reasonably assured to the Trustee by the security
afforded to it by the terms of this Agreement, the Trustee may require
reasonable indemnity against such cost, expense or liability as a condition to
such proceeding. The reasonable expense of every such examination shall be paid
by the Servicer or, if paid by the Trustee, shall be reimbursed by the Servicer
upon demand. Nothing in this clause (e) shall derogate from the obligation of
the Servicer to observe any applicable law prohibiting disclosure of information
regarding the Mortgagors;
(f) the Trustee shall not be accountable, have any liability or make
any representation as to any acts or omissions hereunder of the Servicer until
such time as the Trustee may be required to act as Servicer pursuant to Section
7.02;
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(g) the Trustee may execute any of the trusts or powers hereunder or
perform any duties hereunder either directly or by or through agents or
attorneys or a custodian and the Trustee shall not be responsible for any
misconduct or negligence on the part of any such agent, attorney or custodian
appointed by it with due care; and
(h) the right of the Trustee to perform any discretionary act
enumerated in this Agreement shall not be construed as a duty, and the Trustee
shall not be answerable for other than its negligence or willful misconduct in
the performance of such act.
Section 8.03 Trustee Not Liable for Certificates or Mortgage Loans.
The recitals contained herein and in the Certificates (other than the
authentication of the Trustee on the Certificates) shall be taken as the
statements of the Depositor, and the Trustee assumes no responsibility for the
correctness of the same. The Trustee makes no representations as to the validity
or sufficiency of this Agreement or of the Certificates (other than the
signature and authentication of the Trustee on the Certificates) or of any
Mortgage Loan or Related Document. The Trustee shall not be accountable for the
use or application by the Servicer, or for the use or application of any funds
paid to the Servicer in respect of the Mortgage Loans or deposited in or
withdrawn from the Collection Accounts by the Servicer. The Trustee shall not at
any time have any responsibility or liability for or with respect to the
legality, validity and enforceability of any Mortgage or any Mortgage Loan, or
the perfection and priority of any Mortgage or the maintenance of any such
perfection and priority, or for or with respect to the sufficiency of the Trust
or its ability to generate the payments to be distributed to Certificateholders
under this Agreement, including, without limitation: the existence, condition
and ownership of any Mortgaged Property; the existence and enforceability of any
hazard insurance thereon (other than if the Trustee shall assume the duties of
the Servicer pursuant to Section 7.02); the validity of the assignment of any
Mortgage Loan to the Trustee or of any intervening assignment; the completeness
of any Mortgage Loan; the performance or enforcement of any Mortgage Loan (other
than if the Trustee shall assume the duties of the Servicer pursuant to Section
7.02); the compliance by the Depositor or the Servicer with any warranty or
representation made under this Agreement or in any related document or the
accuracy of any such warranty or representation prior to the Trustee's receipt
of notice or other discovery of any non-compliance therewith or any breach
thereof; any investment of monies by or at the direction of the Servicer or any
loss resulting therefrom, it being understood that the Trustee shall remain
responsible for any Trust property that it may hold in its individual capacity;
the acts or omissions of any of the Servicer (other than if the Trustee shall
assume the duties of the Servicer pursuant to Section 7.02), or any Mortgagor;
any action of the Servicer (other than if the Trustee shall assume the duties of
the Servicer pursuant to Section 7.02), taken in the name of the Trustee; the
failure of the Servicer to act or perform any duties required of it as agent of
the Trustee hereunder; or any action by the Trustee taken at the instruction of
the Servicer (other than if the Trustee shall assume the duties of the Servicer
pursuant to Section 7.02); provided, however, that the foregoing shall not
relieve the Trustee of its obligation to perform its duties under this
Agreement. The Trustee shall not have any responsibility for filing any
financing or continuation statement in any public office at any time or to
otherwise perfect or maintain the perfection of any security interest or lien
granted to it hereunder.
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Section 8.04 Trustee May Own Certificates.
The Trustee in its individual or any other capacity may become the
owner or pledgee of Certificates with the same rights as it would have if it
were not Trustee and may transact any banking and trust business with the
Servicer, the Depositor or their respective Affiliates.
Section 8.05 Trustee Fees and Expenses.
The Trustee shall be entitled to the Trustee Fee (which shall not be
limited by any provision of law in regard to the compensation of a trustee of an
express trust) for all services rendered by the Trustee in the exercise and
performance of any of the powers and duties hereunder. The Trustee shall
withdraw from the Distribution Account on each Distribution Date and pay to
itself the Trustee Fee. The Trust shall reimburse the Trustee for all reasonable
expenses, disbursements and advances incurred or made by the Trustee in
accordance with any of the provisions of this Agreement (including the
reasonable compensation and the expenses and disbursements of its counsel and of
all persons not regularly in its employ) except any such expense, disbursement
or advance as may arise from its negligence or bad faith or which is the
responsibility of Certificateholders or the Trustee hereunder. In addition, the
Trustee and its officers, directors, employees and agents shall be indemnified
by the Trust from, and held harmless against, any and all losses, liabilities,
damages, claims or expenses incurred in connection with any legal action
relating to this Agreement or the Certificates, other than (i) any loss,
liability or expense incurred by reason of willful misfeasance, bad faith or
negligence of the Trustee in the performance of its duties hereunder or by
reason of the Trustee's reckless disregard of obligations and duties hereunder
and (ii) to the extent such indemnification is required to be provided by the
Servicer pursuant to Section 3.26. This Section shall survive termination of
this Agreement or the resignation or removal of any Trustee hereunder. Anything
in this Agreement to the contrary notwithstanding, in no event shall the Trustee
be liable for special, indirect or consequential loss or damage of any kind
whatsoever (including, but not limited to, lost profits) even if the Trustee has
been advised of the likelihood of such loss or damage and regardless of the form
of action.
Section 8.06 Eligibility Requirements for Trustee.
The Trustee hereunder shall at all times be an entity duly organized
and validly existing under the laws of the United States of America or any state
thereof, authorized under such laws to exercise corporate trust powers, having a
combined capital and surplus of at least $50,000,000 and a minimum long-term
debt rating of "BBB" by Fitch and S&P and subject to supervision or examination
by federal or state authority. If such entity publishes reports of condition at
least annually, pursuant to law or to the requirements of the aforesaid
supervising or examining authority, then for the purposes of this Section 8.06,
the combined capital and surplus of such entity shall be deemed to be its
combined capital and surplus as set forth in its most recent report of condition
so published. The principal office of the Trustee (other than the initial
Trustee) shall be in a state with respect to which an Opinion of Counsel has
been delivered to such Trustee at the time such Trustee is appointed Trustee to
the effect that the Trust will not be a taxable entity under the laws of such
state. In case at any time the Trustee shall cease to be eligible in accordance
with the provisions of this Section 8.06, the Trustee shall resign immediately
in the manner and with the effect specified in Section 8.07.
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Section 8.07 Resignation or Removal of Trustee.
The Trustee may at any time resign and be discharged from the trusts
hereby created by giving written notice thereof to the Depositor, the Servicer,
the NIMS Insurer and each Rating Agency. Upon receiving such notice of
resignation, the Depositor shall promptly appoint a successor Trustee reasonably
acceptable to the NIMS Insurer by written instrument, in duplicate, one copy of
which instrument shall be delivered to the resigning Trustee and one copy to the
successor Trustee. If no successor Trustee shall have been so appointed and
having accepted appointment within 30 days after the giving of such notice of
resignation, the resigning Trustee may petition any court of competent
jurisdiction for the appointment of a successor Trustee.
If at any time the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.06 and shall fail to resign after written
request therefor by the Depositor or the NIMS Insurer, or if at any time the
Trustee shall be legally unable to act, or shall be adjudged a bankrupt or
insolvent, or a receiver of the Trustee or of their property shall be appointed,
or any public officer shall take charge or control of the Trustee or of their
property or affairs for the purpose of rehabilitation, conservation or
liquidation, then the Depositor or the NIMS Insurer may remove the Trustee. If
the Depositor or the NIMS Insurer removes the Trustee under the authority of the
immediately preceding sentence, the Depositor or the NIMS Insurer, as the case
may be, shall promptly appoint a successor Trustee (reasonably acceptable to the
NIMS Insurer if appointed by the Depositor) by written instrument, in duplicate,
one copy of which instrument shall be delivered to the Trustee so removed and
one copy to the successor Trustee.
The Majority Certificateholders or the NIMS Insurer may at any time
remove the Trustee by written instrument or instruments delivered to the
Servicer, the Depositor, the NIMS Insurer and the Trustee; the Depositor shall
thereupon use its best efforts to appoint a successor Trustee reasonably
acceptable to the NIMS Insurer in accordance with this Section.
Any resignation or removal of the Trustee and appointment of a
successor Trustee pursuant to any of the provisions of this Section 8.07 shall
not become effective until acceptance of appointment by the successor Trustee as
provided in Section 8.08.
Section 8.08 Successor Trustee.
Any successor Trustee appointed as provided in Section 8.07 shall
execute, acknowledge and deliver to the Depositor, the NIMS Insurer, the Rating
Agencies, the Servicer and to its predecessor Trustee an instrument accepting
such appointment hereunder, and thereupon the resignation or removal of the
predecessor Trustee shall become effective, and such successor Trustee, without
any further act, deed or conveyance, shall become fully vested with all the
rights, powers, duties and obligations of its predecessor hereunder, with like
effect as if originally named as Trustee. The Depositor, the Servicer and the
predecessor Trustee shall execute and deliver such instruments and do such other
things as may reasonably be required for fully and certainly vesting and
confirming in the successor Trustee all such rights, powers, duties and
obligations.
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No successor Trustee shall accept appointment as provided in this
Section 8.08 unless at the time of such acceptance such successor Trustee shall
be eligible under the provisions of Section 8.06 and the appointment of such
successor Trustee shall not result in a downgrading of the Regular Certificates
by either Rating Agency, as evidenced by a letter from each Rating Agency.
Upon acceptance of appointment by a successor Trustee as provided in
this Section 8.08, the successor Trustee shall mail notice of the appointment of
a successor Trustee hereunder to all Holders of Certificates at their addresses
as shown in the Certificate Register and to each Rating Agency.
Section 8.09 Merger or Consolidation of Trustee.
Any entity into which the Trustee may be merged or converted or with
which it may be consolidated, or any entity resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any entity
succeeding to the business of the Trustee, shall be the successor of the
hereunder, provided such entity shall be eligible under the provisions of
Section 8.06 and 8.08, without the execution or filing of any paper or any
further act on the part of any of the parties hereto, anything herein to the
contrary notwithstanding.
Section 8.10 Appointment of Co-Trustee or Separate Trustee.
Notwithstanding any other provisions of this Agreement, at any time,
for the purpose of meeting any legal requirements of any jurisdiction in which
any part of the Trust or any Mortgaged Property may at the time be located, the
Depositor and the Trustee acting jointly shall have the power and shall execute
and deliver all instruments to appoint one or more Persons approved by the
Trustee and the NIMS Insurer to act as co-trustee or co-trustees, jointly with
the Trustee, or separate trustee or separate trustees, of all or any part of the
Trust, and to vest in such Person or Persons, in such capacity and for the
benefit of the Certificateholders, such title to the Trust, or any part thereof,
and, subject to the other provisions of this Section 8.10, such powers, duties,
obligations, rights and trusts as the Servicer and the Trustee may consider
necessary or desirable. Any such co-trustee or separate trustee shall be subject
to the written approval of the Servicer and the NIMS Insurer. If the Servicer
and the NIMS Insurer shall not have joined in such appointment within 15 days
after the receipt by it of a request so to do, or in the case a Servicer Event
of Termination shall have occurred and be continuing, the Trustee alone shall
have the power to make such appointment. No co-trustee or separate trustee
hereunder shall be required to meet the terms of eligibility as a successor
Trustee under Section 8.06, and no notice to Certificateholders of the
appointment of any co-trustee or separate trustee shall be required under
Section 8.08.
Every separate trustee and co-trustee shall, to the extent permitted by
law, be appointed and act subject to the following provisions and conditions:
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(i) all rights, powers, duties and obligations conferred or
imposed upon the Trustee shall be conferred or imposed upon and
exercised or performed by the Trustee and such separate trustee or
co-trustee jointly (it being understood that such separate trustee or
co-trustee is not authorized to act separately without the Trustee
joining in such act), except to the extent that under any law of any
jurisdiction in which any particular act or acts are to be performed
(whether as Trustee hereunder or as successor to the Servicer
hereunder), the Trustee shall be incompetent or unqualified to perform
such act or acts, in which event such rights, powers, duties and
obligations (including the holding of title to the Trust or any portion
thereof in any such jurisdiction) shall be exercised and performed
singly by such separate trustee or co-trustee, but solely at the
direction of the Trustee;
(ii) no trustee hereunder shall be held personally liable by
reason of any act or omission of any other trustee hereunder; and
(iii) the Servicer and the Trustee, acting jointly may at any
time accept the resignation of or remove any separate trustee or
co-trustee except that following the occurrence of a Servicer Event of
Termination, the Trustee acting alone may accept the resignation or
remove any separate trustee or co-trustee.
Any notice, request or other writing given to the Trustee shall be
deemed to have been given to each of the then separate trustees and co-trustees,
as effectively as if given to each of them. Every instrument appointing any
separate trustee or co-trustee shall refer to this Agreement and the conditions
of this Article VIII. Each separate trustee and co-trustee, upon its acceptance
of the trusts conferred, shall be vested with the estates or property specified
in its instrument of appointment, either jointly with the Trustee or separately,
as may be provided therein, subject to all the provisions of this Agreement,
specifically including every provision of this Agreement relating to the conduct
of, affecting the liability of, or affording protection to, the Trustee. Every
such instrument shall be filed with the Trustee and a copy thereof given to the
Depositor, the NIMS Insurer, the Rating Agencies and the Servicer.
Any separate trustee or co-trustee may, at any time, constitute the
Trustee, its agent or attorney-in-fact, with full power and authority, to the
extent not prohibited by law, to do any lawful act under or in respect of this
Agreement on its behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all of its estates,
properties, rights, remedies and trusts shall vest in and be exercised by the
Trustee, to the extent permitted by law, without the appointment of a new or
successor Trustee.
Section 8.11 Limitation of Liability.
The Certificates are executed by the Trustee, not in its individual
capacity but solely as Trustee of the Trust, in the exercise of the powers and
authority conferred and vested in it by this Agreement. Each of the undertakings
and agreements made on the part of the Trustee in the Certificates is made and
intended not as a personal undertaking or agreement by the Trustee but is made
and intended for the purpose of binding only the Trust.
Section 8.12 Trustee May Enforce Claims Without Possession of
Certificates.
(a) All rights of action and claims under this Agreement or the
Certificates may be prosecuted and enforced by the Trustee without the
possession of any of the Certificates or the production thereof in any
proceeding relating thereto, and such proceeding instituted by the Trustee shall
be brought in its own name or in its capacity as Trustee for the benefit of all
Holders of such Certificates, subject to the provisions of this Agreement. Any
recovery of judgment shall, after provision for the payment of the reasonable
compensation, expenses, disbursement and advances of the Trustee, its agents and
counsel, be for the ratable benefit of the Certificateholders in respect of
which such judgment has been recovered.
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(b) The Trustee shall afford the Depositor, the Servicer, the NIMS
Insurer and each Certificateholder upon reasonable notice during normal business
hours, access to all records maintained by the Trustee in respect of its duties
hereunder and access to officers of the Trustee responsible for performing such
duties. The Trustee shall cooperate fully with the Servicer, the NIMS Insurer,
the Depositor and such Certificateholder and shall make available to the
Servicer, the NIMS Insurer, the Depositor and such Certificateholder for review
and copying at the expense of the party requesting such copies, such books,
documents or records as may be requested with respect to the Trustee's duties
hereunder. The Depositor, the Servicer, the NIMS Insurer and the
Certificateholders shall not have any responsibility or liability for any action
or failure to act by the Trustee and are not obligated to supervise the
performance of the Trustee under this Agreement or otherwise.
Section 8.13 Suits for Enforcement.
In case a Servicer Event of Termination or other default by the
Servicer hereunder shall occur and be continuing, the Trustee may proceed to
protect and enforce its rights and the rights of the Certificateholders under
this Agreement by a suit, action or proceeding in equity or at law or otherwise,
whether for the specific performance of any covenant or agreement contained in
this Agreement or in aid of the execution of any power granted in this Agreement
or for the enforcement of any other legal, equitable or other remedy, as the
Trustee, being advised by counsel, and subject to the foregoing, shall deem most
effectual to protect and enforce any of the rights of the Trustee and the
Certificateholders.
Section 8.14 Waiver of Bond Requirement.
The Trustee shall be relieved of, and each Certificateholder hereby
waives, any requirement of any jurisdiction in which the Trust, or any part
thereof, may be located that the Trustee post a bond or other surety with any
court, agency or body whatsoever.
Section 8.15 Waiver of Inventory, Accounting and Appraisal Requirement.
The Trustee shall be relieved of, and each Certificateholder hereby
waives, any requirement of any jurisdiction in which the Trust, or any part
thereof, may be located that the Trustee file any inventory, accounting or
appraisal of the Trust with any court, agency or body at any time or in any
manner whatsoever.
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ARTICLE IX
REMIC AND GRANTOR TRUST ADMINISTRATION
Section 9.01 REMIC Administration.
(a) The Trustee shall make or cause to be made REMIC elections for each
of REMIC 1 and REMIC 2 as set forth in the Preliminary Statement on Forms 1066
or other appropriate federal tax or information return for the taxable year
ending on the last day of the calendar year in which the Certificates are
issued. The regular interests and residual interest in each REMIC shall be as
designated in the Preliminary Statement.
(b) The Closing Date is hereby designated as the "Startup Day" of each
REMIC within the meaning of section 860G(a)(9) of the Code.
(c) The Trustee shall pay any and all tax related expenses (not
including taxes) of each REMIC, including but not limited to any professional
fees or expenses related to audits or any administrative or judicial proceedings
with respect to such REMIC that involve the Internal Revenue Service or state
tax authorities, but only to the extent that (i) such expenses are ordinary or
routine expenses, including expenses of a routine audit but not expenses of
litigation (except as described in (ii)); or (ii) such expenses or liabilities
(including taxes and penalties) are attributable to the negligence or willful
misconduct of the Trustee in fulfilling its duties hereunder. The Trustee shall
be entitled to reimbursement of expenses to the extent provided in clause (i)
above from the Trust.
(d) The Trustee shall prepare or cause to be prepared, sign and file or
cause to be filed, each REMIC's federal and state tax and information returns as
such REMIC's direct representative. The expenses of preparing and filing such
returns shall be borne by the Trustee.
(e) The Holder of the Class R Certificate shall be the "tax matters
person" as defined in the REMIC Provisions (the "Tax Matters Person") with
respect to each REMIC, and the Trustee is irrevocably designated as and shall
act as attorney-in-fact and agent for such Tax Matters Person for each REMIC.
The Trustee, as agent for the Tax Matters Person, shall perform, on behalf of
each REMIC, all reporting and other tax compliance duties that are the
responsibility of such REMIC under the Code, the REMIC Provisions, or other
compliance guidance issued by the Internal Revenue Service or any state or local
taxing authority. Among its other duties, if required by the Code, the REMIC
Provisions, or other such guidance, the Trustee, as agent for the Tax Matters
Person, shall provide (i) to the Treasury or other governmental authority such
information as is necessary for the application of any tax relating to the
transfer of the Class R Certificate to any disqualified person or organization
and (ii) to the Certificateholders such information or reports as are required
by the Code or REMIC Provisions.
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(f) The Trustee, the Servicer, and the Holders of Certificates shall
take any action or cause any REMIC formed under this Agreement to take any
action necessary to create or maintain the status of such REMIC as a REMIC under
the REMIC Provisions and shall assist each other as necessary to create or
maintain such status. None of the Trustee, the Servicer or the Holder of the
Class R Certificate shall take any action or cause any REMIC formed under this
Agreement to take any action or fail to take (or fail to cause to be taken) any
action that, under the REMIC Provisions, if taken or not taken, as the case may
be, could (i) endanger or cause the loss of the status of such REMIC as a REMIC
or (ii) result in the imposition of any tax upon such REMIC (including but not
limited to the tax on prohibited transactions as defined in Code Section
860F(a)(2) and the tax on prohibited contributions set forth on Section 860G(d)
of the Code) (either such event, an "Adverse REMIC Event") unless the Trustee,
the NIMS Insurer and the Servicer have received an Opinion of Counsel (at the
expense of the party seeking to take such action) to the effect that the
contemplated action will not endanger such status or result in the imposition of
such a tax. In addition, prior to taking any action with respect to any REMIC
formed under this Agreement or the assets therein, or causing such REMIC to take
any action, which is not expressly permitted under the terms of this Agreement,
any Holder of the Class R Certificate will consult with the Trustee, the NIMS
Insurer and the Servicer, or their respective designees, in writing, with
respect to whether such action could cause an Adverse REMIC Event to occur with
respect to such REMIC, and no such Person shall take any such action or cause
such REMIC to take any such action as to which the Trustee, the NIMS Insurer or
the Servicer has advised it in writing that an Adverse REMIC Event could occur.
(g) The Holder of the Class R Certificate shall pay when due any and
all taxes imposed on any REMIC formed under this Agreement by federal or state
governmental authorities, but only from amounts, if any, distributable thereon.
To the extent that such REMIC taxes are not paid by the Class R
Certificateholder, the Trustee shall pay any remaining REMIC taxes out of future
amounts otherwise distributable to the Holder of the Class R Certificate or, if
no such amounts are available, out of other amounts held in the Distribution
Account, and shall reduce amounts otherwise payable to Holders of the REMIC
Regular Interests or the Certificates, as the case may be.
(h) The Trustee, shall, for federal income tax purposes, maintain or
cause to be maintained books and records with respect to each REMIC formed under
this Agreement on a calendar year and on an accrual basis.
(i) No additional contributions of assets shall be made to any REMIC,
except as expressly provided in this Agreement with respect to Eligible
Substitute Mortgage Loans.
(j) Neither the Trustee nor the Servicer shall enter into any
arrangement by which any REMIC will receive a fee or other compensation for
services.
(k) The Trustee shall treat (i) the rights of the Offered Certificates
to receive Cap Carryover Amounts as a right in interest rate cap contracts
written by the Class CE Certificateholders in favor of the Holders of the
Offered Certificates and (ii) the rights of the Class CE Certificates under the
Class A-2 Yield Maintenance Agreement and Class M Yield Maintenance Agreement in
accordance with the respective terms thereof and shall assign such rights for
federal tax return and information reporting a value of zero. The Trustee shall
account for such as property held separate and apart from the regular interests
it holds in each of the REMICs created hereunder. The provisions of this
paragraph are intended to satisfy the requirements of Treasury Regulations
Section 1.860G-2(i) for the treatment of property rights coupled with regular
interests to be separately respected and shall be interpreted consistent with
such regulation. On each Distribution Date, to the extent the Offered
Certificates receive interest in excess of their Certificate Interest Rate, such
interest will be treated as distributed to the Class CE Certificates, together
with any amounts deposited in the Class A-2 Reserve Account in respect of the
Class A-2 Yield Maintenance Agreement and the Class M Reserve Account in respect
of the Class M Yield Maintenance Agreement, and then paid to the respective
Classes of Offered Certificates pursuant to the related interest rate cap
agreement.
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Section 9.02 Prohibited Transactions and Activities.
None of the Depositor, the Servicer or the Trustee shall sell, dispose
of, or substitute for any of the Mortgage Loans, except in a disposition
pursuant to (i) the foreclosure of a Mortgage Loan, (ii) the bankruptcy of the
Trust Fund, (iii) the termination of any REMIC pursuant to Article X of this
Agreement, (iv) a substitution pursuant to Article II of this Agreement, (v) a
repurchase of Mortgage Loans pursuant to Article II of this Agreement or (vi) an
optional purchase by the Servicer pursuant to Section 3.16 of this Agreement,
nor acquire any assets for any REMIC constituting part of the Trust Fund, nor
sell or dispose of any investments in the Distribution Account for gain, nor
accept any contributions to any REMIC constituting part of the Trust Fund after
the Closing Date, unless such party and the NIMS Insurer has received an Opinion
of Counsel (at the expense of the party causing such sale, disposition, or
substitution) that such disposition, acquisition, substitution, or acceptance
will not (a) affect adversely the status of such REMIC as a REMIC or of the
interests therein other than the Class R Certificate as the regular interests
therein, (b) affect the distribution of interest or principal on the
Certificates, (c) result in the encumbrance of the assets transferred or
assigned to the Trust Fund (except pursuant to the provisions of this Agreement)
or (d) cause such REMIC to be subject to a tax on prohibited transactions or
prohibited contributions pursuant to the REMIC Provisions.
Section 9.03 Indemnification with Respect to Certain Taxes and Loss of
REMIC Status.
In the event that any REMIC formed hereunder fails to qualify as a
REMIC, loses its status as a REMIC, or incurs federal, state or local taxes as a
result of a prohibited transaction or prohibited contribution under the REMIC
Provisions due to the negligent performance by the Servicer of its duties and
obligations set forth herein or is subject to any state or local taxes based on
the location of the Servicer, the Servicer shall indemnify the Holder of the
Class R Certificate against any and all losses, claims, damages, liabilities or
expenses ("Losses") resulting from such negligence; provided, however, that the
Servicer shall not be liable for any such Losses attributable to the action or
inaction of the Trustee, the Depositor or the Holder of the Class R Certificate,
as applicable, nor for any such Losses resulting from misinformation provided by
the Holder of the Class R Certificate on which the Servicer has relied. The
foregoing shall not be deemed to limit or restrict the rights and remedies of
the Holder of the Class R Certificate now or hereafter existing at law or in
equity. Notwithstanding the foregoing, however, in no event shall the Servicer
have any liability (1) for any action or omission that is taken in accordance
with and in compliance with the express terms of, or which is expressly
permitted by the terms of, this Agreement, (2) for any Losses other than arising
out of a negligent performance by the Servicer of its duties and obligations set
forth herein, and (3) for any special or consequential damages to
Certificateholders (in addition to payment of principal and interest on the
Certificates).
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Section 9.04 REO Property.
(a) Subject to compliance with applicable laws and regulations as shall
at any time be in force, and notwithstanding any other provision of this
Agreement, the Servicer, acting on behalf of the Trust hereunder, shall not
rent, lease, or otherwise earn income on behalf of any REMIC with respect to any
REO Property which might cause such REO Property to fail to qualify as
"foreclosure" property within the meaning of section 860G(a)(8) of the Code or
result in the receipt by any REMIC of any "income from non-permitted assets"
within the meaning of section 860F(a)(2) of the Code or any "net income from
foreclosure property" which is subject to tax under the REMIC Provisions unless
the Servicer has advised, or has caused the applicable Servicer to advise, the
Trustee in writing to the effect that, under the REMIC Provisions, such action
would not adversely affect the status of any REMIC as a REMIC and any income
generated for such REMIC by the REO Property would not result in the imposition
of a tax upon such REMIC.
(b) The Servicer shall make reasonable efforts to sell any REO Property
for its fair market value. In any event, however, the Servicer shall dispose of
any REO Property before the close of the third calendar year beginning after the
year of its acquisition by the Trust Fund unless the Servicer has received a
grant of extension from the Internal Revenue Service to the effect that, under
the REMIC Provisions and any relevant proposed legislation and under applicable
state law, any REMIC constituting part of the Trust Fund may hold REO Property
for a longer period without adversely affecting its REMIC status or causing the
imposition of a Federal or state tax upon any REMIC constituting part of the
Trust Fund. If the Servicer has received such an extension, then the Servicer
shall continue to attempt to sell the REO Property for its fair market value as
determined in good faith by the Servicer for such longer period as such
extension permits (the "Extended Period"). If the Servicer has not received such
an extension and the Servicer is unable to sell the REO Property within 33
months after its acquisition by the Trust Fund or if the Servicer has received
such an extension, and the Servicer is unable to sell the REO Property within
the period ending three months before the close of the Extended Period, the
Servicer shall, before the end of the applicable period, (i) purchase such REO
Property at a price equal to the REO Property's fair market value as determined
in good faith by the Servicer or (ii) auction the REO Property to the highest
bidder (which may be the Servicer) in an auction reasonably designed to produce
a fair price prior to the expiration of the applicable period.
Section 9.05 Grantor Trust Administration.
The parties intend that the portions of the Trust Fund consisting of
the right of the Class P Certificates to receive Prepayment Charges, Originator
Prepayment Charge Payment Amounts and Servicer Prepayment Charge Payment
Amounts, the right of the Offered Certificates to receive Cap Carryover Amounts,
the Reserve Accounts and the right of the Class CE Certificates to receive Yield
Maintenance Agreement Payments subject to the obligation of the Class CE
Certificates to pay Cap Carryover Amounts, shall be treated as a "grantor trust"
under the Code, and the provisions hereof shall be interpreted consistently with
this intention. In furtherance of such intention, the Trustee shall furnish or
cause to be furnished (i) to the Holders of the Offered Certificates, (ii) to
the Holders of the Class P Certificates and (iii) to the Holder of the Class CE
Certificates and shall file or cause to be filed with the Internal Revenue
Service together with Form 1041 or such other form as may be applicable, their
allocable shares of income and expenses with respect to the property held by the
Grantor Trust, at the time or times and in the manner required by the Code.
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ARTICLE X
TERMINATION
Section 10.01 Termination.
(a) The respective obligations and responsibilities of the Servicer,
the Depositor, the Trustee and the Certificate Registrar created hereby (other
than the obligation of the Trustee to make certain payments to
Certificateholders after the final Distribution Date and the obligation of the
Servicer to send certain notices as hereinafter set forth) shall terminate upon
notice to the Trustee upon the earliest of (i) the Distribution Date on which
the Certificate Principal Balance of each Class of Certificates has been reduced
to zero, (ii) the final payment or other liquidation of the last Mortgage Loan
in the Trust, and (iii) the optional purchase by the NIMS Insurer, if there is a
NIMS Insurer, or if there is no NIMS Insurer, the Majority Class CE
Certificateholders (or if such holder is the Seller, or an affiliate of the
Seller, the Servicer of the Mortgage Loans) as described below. Notwithstanding
the foregoing, in no event shall the trust created hereby continue beyond the
expiration of 21 years from the death of the last survivor of the descendants of
Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St.
Xxxxx, living on the date hereof.
The NIMS Insurer, if there is a NIMS Insurer, or if there is no NIMS
Insurer, the Majority Class CE Certificateholders (and, if such holder is the
Seller or an affiliate of the Seller, the Servicer of the Mortgage Loans) may,
at its option, terminate the Trust Fund and retire the Certificates on the next
succeeding Distribution Date upon which the aggregate current Pool Balance is
less than 10% of the Cut-off Date Aggregate Principal Balance by purchasing all
of the outstanding (i) Mortgage Loans in the Trust Fund at a price equal to the
sum of the outstanding Principal Balance of the Mortgage Loans and except to the
extent previously advanced by the Servicer, accrued and unpaid interest thereon
at the weighted average of the Mortgage Interest Rates through the end of the
Collection Period preceding the final Distribution Date plus unreimbursed
Servicing Advances, Advances and any unpaid Servicing Fees allocable to such
Mortgage Loans and (ii) REO Properties in the Trust Fund at a price equal to
their fair market value as determined in good faith by the Servicer (the
"Termination Price"). If the NIMS Insurer or the Majority Class CE
Certificateholders (or, if the Majority Class CE Certificateholder is the Seller
or an affiliate of the Seller, the Servicer) is subject to regulation by the
Office of the Comptroller of the Currency, the FDIC, the Federal Reserve or the
Office of Thrift Supervision, however, the option may not be exercised unless
the aggregate fair market value of the Mortgage Loans and REO Properties is
greater than or equal to the Termination Price. Notwithstanding the foregoing,
no party may exercise this optional purchase right unless any Reimbursement
Amount owed to the Trust pursuant to Section 2.03 hereof has been paid.
In connection with any such purchase pursuant to the preceding
paragraph, the Servicer shall deliver to the Trustee for deposit in the
Distribution Account all amounts then on deposit in the Collection Account (less
amounts permitted to be withdrawn by the Servicer pursuant to Section 3.07),
which deposit shall be deemed to have occurred immediately following such
purchase.
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Any such purchase shall be accomplished by delivery on the
Determination Date before such Distribution Date of the Termination Price to the
Trustee for deposit into the Distribution Account as part of Available Funds.
(b) Notice of any termination, specifying the Distribution Date (which
shall be a date that would otherwise be a Distribution Date) upon which the
Certificateholders may surrender their Certificates to the Trustee for payment
of the final distribution and cancellation, shall be given promptly by the
Trustee upon the Trustee receiving notice of such date from the NIMS Insurer,
the Majority Class CE Certificateholders or the Servicer, as applicable, by
letter to the Certificateholders mailed not earlier than the 15th day of the
month preceding the month of such final distribution and not later than the 15th
day of the month of such final distribution specifying (1) the Distribution Date
upon which final distribution of the Certificates will be made upon presentation
and surrender of such Certificates at the office or agency of the Trustee
therein designated, (2) the amount of any such final distribution and (3) that
the Record Date otherwise applicable to such Distribution Date is not
applicable, distributions being made only upon presentation and surrender of the
Certificates at the office or agency of the Trustee therein specified. Not less
than five (5) Business Days prior to such Determination Date relating to such
Distribution Date, the Trustee shall notify the Originator and the Seller of the
amount of any unpaid Reimbursement Amount owed to the Trust.
(c) Upon presentation and surrender of the Certificates, the Trustee
shall cause to be distributed to the Holders of the Certificates on the
Distribution Date for such final distribution, in proportion to the Percentage
Interests of their respective Class and to the extent that funds are available
for such purpose, an amount equal to the amount required to be distributed to
such Holders in accordance with the provisions of Sections 4.01 and 4.02 for
such Distribution Date.
(d) In the event that all Certificateholders shall not surrender their
Certificates for final payment and cancellation on or before such final
Distribution Date, the Trustee shall promptly following such date cause all
funds in the Distribution Account not distributed in final distribution to
Certificateholders to be withdrawn therefrom and credited to the remaining
Certificateholders by depositing such funds in a separate escrow account for the
benefit of such Certificateholders, and the Servicer shall give a second written
notice to the remaining Certificateholders, to surrender their Certificates for
cancellation and receive the final distribution with respect thereto. If within
nine months after the second notice all the Certificates shall not have been
surrendered for cancellation, the Class R Certificateholder shall be entitled to
all unclaimed funds and other assets which remain subject hereto (except with
respect to the Class CE and Class P Certificates) and the Trustee upon transfer
of such funds shall be discharged of any responsibility for such funds, and all
other Certificateholders shall look to the Class R Certificateholder for
payment.
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Section 10.02 Additional Termination Requirements.
(a) In the event that the NIMS Insurer, the Majority Class CE
Certificateholders or the Servicer, as applicable, exercises the purchase option
as provided in Section 10.01, the Trust shall be terminated in accordance with
the following additional requirements, unless the Trustee shall have been
furnished with an Opinion of Counsel to the effect that the failure of the Trust
to comply with the requirements of this Section will not cause an Adverse REMIC
Event to occur at any time that any Certificates (other than the Class P
Certificates) are outstanding:
(i) The Trustee shall designate a date within 90 days prior to
the final Distribution Date as the date of adoption of plans of
complete liquidation of each of REMIC 1 and REMIC 2 and shall specify
such date in the final federal income tax return of each REMIC;
(ii) After the date of adoption of such plans of complete
liquidation and at or prior to the final Distribution Date, the Trustee
shall sell all of the assets of the Trust to the Majority Class CE
Certificateholders or the Servicer, as applicable, for cash; and
(iii) At the time of the making of the final payment on the
Certificates, the Trustee shall distribute or credit, or cause to be
distributed or credited in the following order of priority (A) (i) to
the Holders of each of the Class A-1 and Class A-2 Certificates, pro
rata, and (ii) sequentially, to the Class X-0, Xxxxx X-0, Class M-3,
Class M-4, Class M-5, Class M-6 and Class M-7 Certificates, the related
Certificate Principal Balance, as applicable, plus one month's interest
thereon at the applicable Certificate Interest Rate, (B) to the Class
CE Certificates, the amount of any remaining Monthly Excess Cash Flow
Amounts not previously distributed thereon, (C) to the remaining REMIC
Regular Interests the amounts allocable thereto pursuant to Section
4.08 and (D) to the Class R Certificateholder, all cash on hand in
respect of the REMICs after such payment (other than cash retained to
meet claims) and the Trust shall terminate at such time.
(b) By their acceptance of Certificates, the Holders thereof hereby
agree to appoint the Trustee as their attorney-in-fact to: (i) designate such
date of adoption of plans of complete liquidation and (ii) to take such other
action in connection therewith as may be reasonably required to carry out such
plans of complete liquidation all in accordance with the terms hereof.
ARTICLE XI
MISCELLANEOUS PROVISIONS
Section 11.01 Amendment.
This Agreement may be amended from time to time by the Depositor, the
Servicer and the Trustee; with the consent of the NIMS Insurer and without the
consent of the Certificateholders, (i) to cure any ambiguity or mistake, (ii) to
correct, modify or supplement any provision herein which may be inconsistent
with any other provision herein or the Prospectus Supplement, (iii) to make any
other provisions with respect to matters or questions arising under this
Agreement, which shall not be inconsistent with the provisions of this
Agreement, (iv) to comply with any requirements imposed by the Code or (v) to
provide for the rights of the NIMS Insurer; provided, however, that any such
action listed in clause (iii) above shall not adversely affect in any respect
the interests of any Certificateholder, as evidenced by (i) notice in writing to
the Depositor, the Servicer and the Trustee from the Rating Agencies that such
action will not result in the reduction or withdrawal of the rating of any
outstanding Class of Certificates with respect to which it is a Rating Agency,
or (ii) an Opinion of Counsel delivered to the Servicer and the Trustee.
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In addition, this Agreement may be amended from time to time by the
Depositor, the Servicer and the Trustee, with the consent of the NIMS Insurer
and the Majority Certificateholders for the purpose of adding any provisions to
or changing in any manner or eliminating any of the provisions of this Agreement
or of modifying in any manner the rights of the Holders of Certificates;
provided, however, that no such amendment or waiver shall (x) reduce in any
manner the amount of, or delay the timing of, payments on the Certificates which
are required to be made on any Certificate without the consent of the Holder of
such Certificate, (y) adversely affect in any material respect the interests of
the Holders of any Class of Certificates in a manner other than as described in
clause (x) above, without the consent of the Holders of Certificates of such
Class evidencing at least a 662/3% Percentage Interest in such Class, or (z)
reduce the percentage of Voting Rights required by clause (y) above without the
consent of the Holders of all Certificates of such Class then outstanding. Upon
approval of an amendment, a copy of such amendment shall be sent to the Rating
Agencies. Prior to the execution of any amendment to this Agreement, the Trustee
shall be entitled to receive and rely upon an Opinion of Counsel (at the expense
of the Person seeking such amendment) stating that the execution of such
amendment is authorized or permitted by this Agreement. The Trustee may, but
shall not be obligated to, enter into any such amendment which affects the
Trustee's own rights, duties or immunities under this Agreement.
Notwithstanding any provision of this Agreement to the contrary,
neither the Trustee nor the NIMS Insurer shall consent to any amendment to this
Agreement unless it shall have first received an Opinion of Counsel, delivered
by (and at the expense of) the Person seeking such Amendment, to the effect that
such amendment will not result in an Adverse REMIC Event at any time that any
Certificates (other than the Class P Certificates) are outstanding and that the
amendment is being made in accordance with the terms hereof.
Promptly after the execution of any such amendment the Trustee shall
furnish, at the expense of the Person that requested the amendment if such
Person is the Servicer (but in no event at the expense of the Trustee),
otherwise at the expense of the Trust, a copy of such amendment and the Opinion
of Counsel referred to in the immediately preceding paragraph to the Servicer
and each Rating Agency.
It shall not be necessary for the consent of Certificateholders under
this Section 11.01 to approve the particular form of any proposed amendment;
instead it shall be sufficient if such consent shall approve the substance
thereof. The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders shall be subject to
such reasonable regulations as the Trustee may prescribe.
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Section 11.02 Recordation of Agreement; Counterparts.
To the extent permitted by applicable law, this Agreement is subject to
recordation in all appropriate public offices for real property records in all
of the counties or other comparable jurisdictions in which any or all of the
properties subject to the Mortgages are situated, and in any other appropriate
public recording office or elsewhere, such recordation to be effected by the
Servicer at the expense of the Trust, but only upon direction of
Certificateholders, accompanied by an Opinion of Counsel to the effect that such
recordation materially and beneficially affects the interests of the
Certificateholders.
For the purpose of facilitating the recordation of this Agreement as
herein provided and for other purposes, this Agreement may be executed
simultaneously in any number of counterparts, each of which counterparts shall
be deemed to be an original, and such counterparts shall together constitute but
one and the same instrument.
Section 11.03 Limitation on Rights of Certificateholders.
The death or incapacity of any Certificateholder shall not (i) operate
to terminate this Agreement or the Trust, (ii) entitle such Certificateholder's
legal representatives or heirs to claim an accounting or to take any action or
proceeding in any court for a partition or winding up of the Trust, or (iii)
otherwise affect the rights, obligations and liabilities of the parties hereto
or any of them.
Except as expressly provided for herein, no Certificateholder shall
have any right to vote or in any manner otherwise control the operation and
management of the Trust, or the obligations of the parties hereto, nor shall
anything herein set forth or contained in the terms of the Certificates be
construed so as to constitute the Certificateholders from time to time as
partners or members of an association; nor shall any Certificateholder be under
any liability to any third person by reason of any action taken by the parties
to this Agreement pursuant to any provision hereof.
No Certificateholder shall have any right by virtue of any provision of
this Agreement to institute any suit, action or proceeding in equity or at law
upon or under or with respect to this Agreement, unless such Holder previously
shall have given to the Trustee a written notice of default and of the
continuance thereof, as herein provided, and unless also the Holders of
Certificates entitled to at least 25% of the Voting Rights shall have made
written request upon the Trustee to institute such action, suit or proceeding in
its own name as Trustee hereunder and shall have offered to the Trustee such
reasonable indemnity as it may require against the costs, expenses and
liabilities to be incurred therein or thereby, and the Trustee for 60 days after
its receipt of such notice, request and offer of indemnity, shall have neglected
or refused to institute any such action, suit or proceeding. It is understood
and intended, and expressly covenanted by each Certificateholder with every
other Certificateholder and the Trustee, that no one or more Holders of
Certificates shall have any right in any manner whatever by virtue of any
provision of this Agreement to affect, disturb or prejudice the rights of the
Holders of any other of such Certificates, or to obtain or seek to obtain
priority over or preference to any other such Holder, which priority or
preference is not otherwise provided for herein, or to enforce any right under
this Agreement, except in the manner herein provided and for the equal, ratable
and common benefit of all Certificateholders. For the protection and enforcement
of the provisions of this Section 11.03 each and every Certificateholder and the
Trustee shall be entitled to such relief as can be given either at law or in
equity.
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Section 11.04 Governing Law; Jurisdiction.
This Agreement shall be construed in accordance with the laws of the
State of New York, and the obligations, rights and remedies of the parties
hereunder shall be determined in accordance with such laws. With respect to any
claim arising out of this Agreement, each party irrevocably submits to the
exclusive jurisdiction of the courts of the State of New York and the United
States District Court located in the Borough of Manhattan in The City of New
York, and each party irrevocably waives any objection which it may have at any
time to the laying of venue of any suit, action or proceeding arising out of or
relating hereto brought in any such courts, irrevocably waives any claim that
any such suit, action or proceeding brought in any such court has been brought
in any inconvenient forum and further irrevocably waives the right to object,
with respect to such claim, suit, action or proceeding brought in any such
court, that such court does not have jurisdiction over such party, provided that
service of process has been made by any lawful means.
Section 11.05 Notices.
All directions, demands and notices hereunder shall be in writing and
shall be deemed to have been duly given if personally delivered at or mailed by
first class mail, postage prepaid, or by express delivery service, to (a) in the
case of the Trustee, JPMorgan Chase Bank, 0 Xxx Xxxx Xxxxx, 0xx Xxxxx, Xxx Xxxx,
Xxx Xxxx 00000-0000, Attention: Institutional Trust Services/Global Debt: ABFC
2004-FF1, or such other address as may hereafter be furnished to the Depositor,
the NIMS Insurer and the Servicer in writing by the Trustee, (b) in the case of
the Depositor, Asset Backed Funding Corporation, 000 Xxxxx Xxxxx Xxxxxx, 00xx
Xxxxx, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000, Attention: ABFC Asset-Backed
Certificates, Series 2004-FF1, or such other address as may be furnished to the
Servicer, the NIMS Insurer and the Trustee in writing by the Depositor, (c) in
the case of the Servicer, Countrywide Home Loans Servicing LP, 450 American Way,
MS SV3-A, Xxxx Xxxxxx, Xxxxxxxxxx 00000, Attention: Portfolio Services, with a
copy to: Countrywide Home Loans, 0000 Xxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxx 00000,
Attention: Legal Department, or such other address as may be hereafter furnished
to the Depositor, the NIMS Insurer and the Trustee by the Servicer in writing
and (d) in the case of the NIMS Insurer, such address furnished to the
Depositor, the Servicer and the Trustee in writing by the NIMS Insurer. Any
notice required or permitted to be mailed to a Certificateholder shall be given
by first class mail, postage prepaid, at the address of such Holder as shown in
the Certificate Register. Notice of any Servicer Event of Termination shall be
given by telecopy and by certified mail. Any notice so mailed within the time
prescribed in this Agreement shall be conclusively presumed to have duly been
given when mailed, whether or not the Certificateholder receives such notice. A
copy of any notice required to be telecopied hereunder shall also be mailed to
the appropriate party in the manner set forth above.
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Section 11.06 Severability of Provisions.
If any one or more of the covenants, agreements, provisions or terms of
this Agreement shall for any reason whatsoever be held invalid, then such
covenants, agreements, provisions or terms shall be deemed severable from the
remaining covenants, agreements, provisions or terms of this Agreement and shall
in no way affect the validity or enforceability of the other provisions of this
Agreement or of the Certificates or the rights of the Holders thereof.
Section 11.07 Article and Section References.
All article and section references used in this Agreement, unless
otherwise provided, are to articles and sections in this Agreement.
Section 11.08 Notice to the Rating Agencies and the NIMS Insurer.
(a) Each of the Trustee and the Servicer shall be obligated to use its
best reasonable efforts promptly to provide notice to the Rating Agencies and
the NIMS Insurer with respect to each of the following of which a Responsible
Officer of the Trustee or the Servicer, as the case may be, has actual
knowledge:
(i) any material change or amendment to this Agreement;
(ii) the occurrence of any Servicer Event of Termination that
has not been cured or waived;
(iii) the resignation or termination of the Servicer or the
Trustee;
(iv) the final payment to Holders of the Certificates of any
Class;
(v) any change in the location of any Account; and
(vi) if the Trustee is acting as successor servicer pursuant
to Section 7.02 hereof, any event that would result in the inability of
the Trustee to make Advances.
(vii) In addition, the Servicer shall promptly furnish to each
Rating Agency copies of the following:
(A) each annual statement as to compliance described in Section 3.19
hereof;
(B) each annual independent public accountants' servicing report
described in Section 3.20 hereof; and
(C) each notice delivered pursuant to Section 7.01(a) hereof which
relates to the fact that the Servicer has not made an Advance.
Any such notice pursuant to this Section 11.08 shall be in writing and
shall be deemed to have been duly given if personally delivered or mailed by
first class mail, postage prepaid, or by express delivery service to: Fitch
Ratings, Xxx Xxxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Managing
Director, Residential Mortgage-Backed Securities; Standard & Poor's, a division
of The XxXxxx-Xxxx Companies, Inc., 00 Xxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx
Xxxx 00000, Attention: Mortgage Surveillance Group; and the NIMS Insurer, at the
address to be provided by the Depositor.
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Section 11.09 Further Assurances.
Notwithstanding any other provision of this Agreement, neither the
Regular Certificateholders nor the Trustee shall have any obligation to consent
to any amendment or modification of this Agreement unless they have been
provided reasonable security or indemnity against their out-of-pocket expenses
(including reasonable attorneys' fees) to be incurred in connection therewith.
Section 11.10 Third Party Beneficiary.
Nothing in this Agreement or in the Certificates, expressed or implied,
shall give to any Person, other than the Certificateholders, the parties hereto
and the NIMS Insurer and their successors hereunder, any benefit or any legal or
equitable right, remedy or claim under this Agreement.
The NIMS Insurer shall be deemed a third-party beneficiary of this
Agreement to the same extent as if it were a party hereto, and shall have the
right to enforce the provisions of this Agreement directly against the parties
to this Agreement.
Section 11.11 Acts of Certificateholders.
(a) Any request, demand, authorization, direction, notice, consent,
waiver or other action provided by this Agreement to be given or taken by the
Certificateholders may be embodied in and evidenced by one or more instruments
of substantially similar tenor signed by such Certificateholders in person or by
agent duly appointed in writing; and such action shall become effective when
such instrument or instruments are delivered to the Trustee and the Servicer.
Such instrument or instruments (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the "act" of the Certificateholders
signing such instrument or instruments. Proof of execution of any such
instrument or of a writing appointing any such agent shall be sufficient for any
purpose of this Agreement and conclusive in favor of the Trustee and the Trust,
if made in the manner provided in this Section 11.11.
(b) The fact and date of the execution by any Person of any such
instrument or writing may be proved by the affidavit of a witness of such
execution or by the certificate of a notary public or other officer authorized
by law to take acknowledgments of deeds, certifying that the individual signing
such instrument or writing acknowledged to him the execution thereof. Whenever
such execution is by a signer acting in a capacity other than his or her
individual capacity, such certificate or affidavit shall also constitute
sufficient proof of his authority.
(c) Any request, demand, authorization, direction, notice, consent,
waiver or other action by any Certificateholder shall bind every future Holder
of such Certificate and the Holder of every Certificate issued upon the
registration of transfer thereof or in exchange therefor or in lieu thereof, in
respect of anything done, omitted or suffered to be done by the Trustee or the
Trust in reliance thereon, whether or not notation of such action is made upon
such Certificate.
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[Signatures follow on next page]
-140-
IN WITNESS WHEREOF, the Depositor, the Servicer and the
Trustee have caused their names to be signed hereto by their respective officers
thereunto duly authorized, all as of the day and year first above written.
ASSET BACKED FUNDING CORPORATION,
as Depositor
By: /s/ Xxxx X. Xxxxxx
----------------------------------------------
Name: Xxxx X. Xxxxxx
Title: Vice President
COUNTRYWIDE HOME LOANS SERVICING LP, as Servicer
By: Countrywide GP, Inc., its general partner
By: /s/ Xxxxx Xxxxxx
----------------------------------------------
Name: Xxxxx Xxxxxx
Title: Vice President
JPMORGAN CHASE BANK, as Trustee
By: /s/ Xxxxxxxx Xxxxxx
----------------------------------------------
Name: Xxxxxxxx Xxxxxx
Title: Trust Officer
STATE OF NORTH CAROLINA)
) ss.:
COUNTY OF MECKLENBURG )
On the 30th day of July 2004 before me, a notary public in and for said
State, personally appeared Xxxx X. Xxxxxx, known to me to be a Vice President of
Asset Backed Funding Corporation, a Delaware corporation that executed the
within instrument, and also known to me to be the person who executed it on
behalf of said corporation, and acknowledged to me that such corporation
executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal the day and year in this certificate first above written.
Notary Public: /s/ Xxxxx Xxxxxxxx
------------------
My Commission expires the 1st day
of August, 2007.
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK)
On the 30th day of July 2004 before me, a notary public in and for said
State, personally appeared Xxxxxxxx Xxxxxx, known to me to be a Trust Officer of
JPMorgan Chase Bank, a New York banking corporation that executed the within
instrument, and also known to me to be the person who executed it on behalf of
said association, and acknowledged to me that such association executed the
within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal the day and year in this certificate first above written.
Notary Public: /s/ Xxxxxxxx X. Xxxxx
---------------------
My Commission expires the 22nd day
of August, 2007.
STATE OF CALIFORNIA )
) ss.:
COUNTY OF LOS ANGELES)
On the 30th day of July 2004 before me, a notary public in and for said
State, personally appeared Xxxxx Xxxxxx, known to me to be a Vice President of
Countrywide GP, Inc., the general partner of Countrywide Home Loans Servicing
LP, a Texas limited partnership, that executed the within instrument, and also
known to me to be the person who executed it on behalf of said corporation, and
acknowledged to me that such corporation executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal the day and year in this certificate first above written.
Notary Public: /s/ Xxxxxx X. Xxxxxx
--------------------
My Commission expires the 15th day
of October, 2005.
EXHIBIT A-1
[FORM OF THE CLASS A-1 CERTIFICATE]
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE
TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE
& CO., HAS AN INTEREST HEREIN.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS
BENEFICIAL OWNERSHIP OF A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE
INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
(THE "CODE") AND CERTAIN OTHER PROPERTY.
A-1-1
ABFC ASSET-BACKED CERTIFICATES
SERIES 2004-FF1, CLASS A-1
evidencing a beneficial ownership interest in a Trust Fund consisting primarily
of a pool of conventional fixed-rate and adjustable-rate one- to four-family
first lien mortgage loans formed and sold by
ASSET BACKED FUNDING CORPORATION
Series 2004-FF1, Class A-1 Original Class Certificate Principal
Balance of the Class A-1 Certificates as
Certificate Interest Rate: Floating of the Closing Date: $403,699,000
Date of Pooling and Servicing Initial Certificate Principal Balance: $[ ]
Agreement and Cut-off Date:
July 1, 2004
First Distribution Date: Servicer: Countrywide Home Loans
August 25, 2004 Servicing LP
No. Trustee: JPMorgan Chase Bank
CUSIP: 04542B HU 9 Closing Date: July 30, 2004
ISIN: US04542BHU98
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE
LESS THAN THE AMOUNT SHOWN ABOVE.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN
ASSET BACKED FUNDING CORPORATION, THE SERVICER, THE TRUSTEE OR ANY OF
THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED BY ANY AGENCY OR
INSTRUMENTALITY OF THE UNITED STATES.
This certifies that _______________ is the registered owner of
a Percentage Interest (obtained by dividing the Initial Certificate Principal
Balance of this Certificate by the Original Class Certificate Principal Balance
of the Class A-1 Certificates) in that certain beneficial ownership interest
evidenced by all the Class A-1 Certificates in the Trust Fund created pursuant
to a Pooling and Servicing Agreement, dated as specified above (the
"Agreement"), among Asset Backed Funding Corporation (hereinafter called the
"Depositor," which term includes any successor entity under the Agreement), the
Servicer and the Trustee, a summary of certain of the pertinent provisions of
which is set forth hereafter. To the extent not defined herein, the capitalized
terms used herein have the meanings assigned in the Agreement. This Certificate
is issued under and is subject to the terms, provisions and conditions of the
Agreement, to which Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
A-1-2
Pursuant to the terms of the Agreement, distributions will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (a "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered on the Business Day immediately preceding such
Distribution Date (the "Record Date"), from funds in the Distribution Account in
an amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to the Holders of Class
A-1 Certificates on such Distribution Date pursuant to the Agreement; provided,
however, that if any Class A-1 Certificate becomes a Definitive Certificate, the
Record Date for such Certificate will be the last Business Day of the month
immediately preceding the month in which the related Distribution Date occurs.
All distributions to the Holder of this Certificate under the Agreement
will be made or caused to be made by or on behalf of the Trustee by wire
transfer in immediately available funds to the account of the Person entitled
thereto if such Person shall have so notified the Certificate Registrar in
writing at least five Business Days prior to the Record Date immediately prior
to such Distribution Date and is the registered owner of Class A-1 Certificates,
or by check mailed by first class mail to the address of the Person entitled
thereto, as such name and address shall appear on the Certificate Register,
provided that the Certificate Registrar may deduct a reasonable wire transfer
fee from any payment made by wire transfer. Notwithstanding the above, the final
distribution on this Certificate will be made after due notice by the Trustee of
the pendency of such distribution and only upon presentation and surrender of
this Certificate at the office or agency appointed by the Trustee for that
purpose as provided in the Agreement.
The Certificate Interest Rate for the Class A-1 Certificates for each
Distribution Date will be the least of (i) One-Month LIBOR as of the related
LIBOR Determination Date plus the Class A-1 Certificate Margin, (ii) the Group 1
Maximum Rate Cap and (iii) the Group 1 Cap. Interest will accrue on the Class
A-1 Certificates during each Interest Accrual Period at the Certificate Interest
Rate.
This Certificate is one of a duly authorized issue of Certificates
designated as ABFC Asset-Backed Certificates of the Series specified on the face
hereof (herein called the "Certificates") and representing a Percentage Interest
in the Class A-1 Certificates.
The Class A-1 Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Collection Accounts and the Distribution Account
may be made from time to time for purposes other than distributions to
Certificateholders, such purposes including reimbursement of advances made, or
certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Depositor, the Servicer and the Trustee and the rights of the Certificateholders
under the Agreement at any time by the Depositor, the Servicer and the Trustee
with the consent of the Holders of Certificates entitled to the Voting Rights
identified in the Agreement. Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
A-1-3
As provided in the Agreement and subject to certain limitations therein
set forth, the transfer of this Certificate is registrable in the Certificate
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies appointed by the Trustee as provided in the Agreement, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Certificate
Registrar duly executed by, the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.
The Certificates are issuable in fully registered form only without
coupons in Classes and denominations representing Percentage Interests specified
in the Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for new
Certificates of the same Class in authorized denominations evidencing the same
aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or
exchange of Certificates, but the Certificate Registrar may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and the Certificate Registrar
and any agent of the Depositor, the Servicer, the Trustee or the Certificate
Registrar may treat the Person in whose name this Certificate is registered as
the owner hereof for all purposes, and none of the Depositor, the Servicer, the
Trustee, the Certificate Registrar nor any such agent shall be affected by
notice to the contrary.
The obligations created by the Agreement and the Trust Fund created
thereby shall terminate upon payment to the Certificateholders of all amounts
held by or on behalf of the Trustee and required to be paid to them pursuant to
the Agreement following the earlier of (i) the final payment or other
liquidation (or any advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund, and (ii) the purchase by the party designated in
the Agreement at a price determined as provided in the Agreement from the Trust
Fund of all Mortgage Loans and all property acquired in respect of such Mortgage
Loans. The Agreement permits, but does not require, the party designated in the
Agreement to purchase from the Trust Fund all Mortgage Loans and all property
acquired in respect of any Mortgage Loan at a price determined as provided in
the Agreement. The exercise of such right will effect early retirement of the
Certificates; however, such right to purchase is subject to the aggregate Pool
Balance of the Mortgage Loans at the time of purchase being 10% or less of the
Cut-off Date Aggregate Principal Balance.
A-1-4
The recitals contained herein shall be taken as statements of the
Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.
A-1-5
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
JPMORGAN CHASE BANK, as Trustee
By:
----------------------------
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned
Agreement.
JPMORGAN CHASE BANK, as Certificate Registrar
By:
------------------------------
Authorized Signatory
Date of authentication:
A-1-6
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian
---------
(Cust) (Minor)
TEN ENT - as tenants by the entireties under Uniform Gifts
to Minors Act
JT TEN - as joint tenants with right ________________
of survivorship and not as (State)
tenants in common
Additional abbreviations may also be used though not in the
above list.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto _____________________________________________________________
______________________________________________________________________________
(Please print or typewrite name, address including postal zip code, and Taxpayer
Identification Number of assignee) ___________________________________________
a Percentage Interest equal to ____% evidenced by the within asset-backed
Certificate and hereby authorize(s) the registration of transfer of such
interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Certificate Registrar to issue a new
Certificate of a like Percentage Interest and Class to the above named assignee
and deliver such Certificate to the following address:
______________________________________________________________________________
Dated:
-----------------------------------------
Signature by or on behalf of assignor
-----------------------------------------
Signature Guaranteed
A-1-7
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of
distribution:
Distributions shall be made, by wire transfer or otherwise, in
immediately available funds to _________________________________________________
for the account of _______________________________, account number ___________ ,
or, if mailed by check, to ___________________________________________________ .
Applicable statements should be mailed to ______________________________________
This information is provided by ______________________________________________ ,
the assignee named above, or ____________________________________, as its agent.
X-0-0
XXXXXXX X-0
[FORM OF THE CLASS A-2 CERTIFICATE]
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE
TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE
& CO., HAS AN INTEREST HEREIN.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS
BENEFICIAL OWNERSHIP OF A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE
INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
(THE "CODE") AND CERTAIN OTHER PROPERTY.
A-2-1
ABFC ASSET-BACKED CERTIFICATES
SERIES 2004-FF1, CLASS A-2
evidencing a beneficial ownership interest in a Trust Fund consisting primarily
of a pool of conventional fixed-rate and adjustable-rate one- to four-family
first lien mortgage loans formed and sold by
ASSET BACKED FUNDING CORPORATION
Series 2004-FF1, Class A-2 Original Class Certificate Principal Balance
of the Class A-2 Certificates as of the Closing Date:
Certificate Interest Rate: Floating $217,880,000
Date of Pooling and Servicing Agreement and Cut-off Date: Initial Certificate Principal Balance: $[ ]
July 1, 2004
Servicer: Countrywide Home Loans Servicing LP
First Distribution Date: August 25, 2004
Trustee: JPMorgan Chase Bank
No.
Closing Date: July 30, 2004
CUSIP: 04542B HL 9
ISIN: US04542BHL99
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE
LESS THAN THE AMOUNT SHOWN ABOVE.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN
ASSET BACKED FUNDING CORPORATION, THE SERVICER, THE TRUSTEE OR ANY OF
THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED BY ANY AGENCY OR
INSTRUMENTALITY OF THE UNITED STATES.
This certifies that _______________ is the registered owner of a
Percentage Interest (obtained by dividing the Initial Certificate Principal
Balance of this Certificate by the Original Class Certificate Principal Balance
of the Class A-2 Certificates) in that certain beneficial ownership interest
evidenced by all the Class A-2 Certificates in the Trust Fund created pursuant
to a Pooling and Servicing Agreement, dated as specified above (the
"Agreement"), among Asset Backed Funding Corporation (hereinafter called the
"Depositor," which term includes any successor entity under the Agreement), the
Servicer and the Trustee, a summary of certain of the pertinent provisions of
which is set forth hereafter. To the extent not defined herein, the capitalized
terms used herein have the meanings assigned in the Agreement. This Certificate
is issued under and is subject to the terms, provisions and conditions of the
Agreement, to which Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
A-2-2
Pursuant to the terms of the Agreement, distributions will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (a "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered on the Business Day immediately preceding such
Distribution Date (the "Record Date"), from funds in the Distribution Account in
an amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to the Holders of Class
A-2 Certificates on such Distribution Date pursuant to the Agreement; provided,
however, that if any Class A-2 Certificate becomes a Definitive Certificate, the
Record Date for such Certificate will be the last Business Day of the month
immediately preceding the month in which the related Distribution Date occurs.
All distributions to the Holder of this Certificate under the Agreement
will be made or caused to be made by or on behalf of the Trustee by wire
transfer in immediately available funds to the account of the Person entitled
thereto if such Person shall have so notified the Certificate Registrar in
writing at least five Business Days prior to the Record Date immediately prior
to such Distribution Date and is the registered owner of Class A-2 Certificates,
or by check mailed by first class mail to the address of the Person entitled
thereto, as such name and address shall appear on the Certificate Register,
provided that the Certificate Registrar may deduct a reasonable wire transfer
fee from any payment made by wire transfer. Notwithstanding the above, the final
distribution on this Certificate will be made after due notice by the Trustee of
the pendency of such distribution and only upon presentation and surrender of
this Certificate at the office or agency appointed by the Trustee for that
purpose as provided in the Agreement.
The Certificate Interest Rate for the Class A-2 Certificates for each
Distribution Date will be the least of (i) One-Month LIBOR as of the related
LIBOR Determination Date plus the Class A-2 Certificate Margin, (ii) the Group 2
Maximum Rate Cap and (iii) the Group 2 Cap. Interest will accrue on the Class
A-2 Certificates during each Interest Accrual Period at the Certificate Interest
Rate.
This Certificate is one of a duly authorized issue of Certificates
designated as ABFC Asset-Backed Certificates of the Series specified on the face
hereof (herein called the "Certificates") and representing a Percentage Interest
in the Class A-2 Certificates.
The Class A-2 Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Collection Accounts and the Distribution Account
may be made from time to time for purposes other than distributions to
Certificateholders, such purposes including reimbursement of advances made, or
certain expenses incurred, with respect to the Mortgage Loans.
A-2-3
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Depositor, the Servicer and the Trustee and the rights of the Certificateholders
under the Agreement at any time by the Depositor, the Servicer and the Trustee
with the consent of the Holders of Certificates entitled to the Voting Rights
identified in the Agreement. Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
As provided in the Agreement and subject to certain limitations therein
set forth, the transfer of this Certificate is registrable in the Certificate
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies appointed by the Trustee as provided in the Agreement, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Certificate
Registrar duly executed by, the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.
The Certificates are issuable in fully registered form only without
coupons in Classes and denominations representing Percentage Interests specified
in the Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for new
Certificates of the same Class in authorized denominations evidencing the same
aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or
exchange of Certificates, but the Certificate Registrar may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and the Certificate Registrar
and any agent of the Depositor, the Servicer, the Trustee or the Certificate
Registrar may treat the Person in whose name this Certificate is registered as
the owner hereof for all purposes, and none of the Depositor, the Servicer, the
Trustee, the Certificate Registrar nor any such agent shall be affected by
notice to the contrary.
The obligations created by the Agreement and the Trust Fund created
thereby shall terminate upon payment to the Certificateholders of all amounts
held by or on behalf of the Trustee and required to be paid to them pursuant to
the Agreement following the earlier of (i) the final payment or other
liquidation (or any advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund, and (ii) the purchase by the party designated in
the Agreement at a price determined as provided in the Agreement from the Trust
Fund of all Mortgage Loans and all property acquired in respect of such Mortgage
Loans. The Agreement permits, but does not require, the party designated in the
Agreement to purchase from the Trust Fund all Mortgage Loans and all property
acquired in respect of any Mortgage Loan at a price determined as provided in
the Agreement. The exercise of such right will effect early retirement of the
Certificates; however, such right to purchase is subject to the aggregate Pool
Balance of the Mortgage Loans at the time of purchase being 10% or less of the
Cut-off Date Aggregate Principal Balance.
A-2-4
The recitals contained herein shall be taken as statements of the
Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.
A-2-5
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
JPMORGAN CHASE BANK, as Trustee
By:
------------------------------
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned
Agreement.
JPMORGAN CHASE BANK, as Certificate Registrar
By:
---------------------------------
Authorized Signatory
Date of authentication:
A-2-6
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian
---------
(Cust) (Minor)
TEN ENT - as tenants by the entireties under Uniform Gifts
to Minors Act
JT TEN - as joint tenants with right
of survivorship and not as ----------------
tenants in common (State)
Additional abbreviations may also be used though not in the above list.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(Please print or typewrite name, address including postal zip code, and Taxpayer
Identification Number of assignee) a Percentage Interest equal to ____%
evidenced by the within asset-backed Certificate and hereby authorize(s) the
registration of transfer of such interest to assignee on the Certificate
Register of the Trust Fund.
I (we) further direct the Certificate Registrar to issue a new
Certificate of a like Percentage Interest and Class to the above named assignee
and deliver such Certificate to the following address:
________________________________________________________________________________
Dated:
----------------------------------------
Signature by or on behalf of assignor
----------------------------------------
Signature Guaranteed
A-2-7
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in
immediately available funds to _________________________________________________
for the account of _______________________________, account number ___________ ,
or, if mailed by check, to ___________________________________________________ .
Applicable statements should be mailed to ______________________________________
This information is provided by ______________________________________________ ,
the assignee named above, or ________________________________________, as its
agent.
X-0-0
XXXXXXX X-0
[FORM OF CLASS M-1 CERTIFICATE]
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE
TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE
& CO., HAS AN INTEREST HEREIN.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A
CERTIFICATES AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT
REFERRED TO HEREIN.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS
BENEFICIAL OWNERSHIP OF A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE
INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
(THE "CODE") AND CERTAIN OTHER PROPERTY.
THE CLASS M-1 CERTIFICATES ARE ONLY OFFERED FOR SALE, AND ARE ONLY
TRANSFERABLE TO PLAN INVESTORS IF AN EXEMPTION FROM THE PROHIBITED
TRANSACTION RULES OF ERISA AND THE CODE APPLIES. EACH PURCHASER OF A
CLASS M-1 CERTIFICATE, OTHER THAN THE INITIAL PURCHASER OF THE CLASS
M-1 CERTIFICATE, BY VIRTUE OF ITS PURCHASE OF SUCH CERTIFICATE, WILL BE
DEEMED TO HAVE REPRESENTED EITHER THAT IT IS NOT A PLAN INVESTOR OR
THAT AN EXEMPTION FROM THE PROHIBITED TRANSACTION RULES OF ERISA AND
THE CODE APPLIES TO THE ACQUISITION, HOLDING, AND RESALE OF SUCH
CERTIFICATE AND TRANSACTIONS IN CONNECTION WITH THE SERVICING,
MANAGEMENT AND OPERATION OF THE TRUST.
B-1-1
ABFC ASSET-BACKED CERTIFICATES
SERIES 2004-FF1, CLASS M-1
evidencing a beneficial ownership interest in a Trust Fund consisting primarily
of a pool of conventional fixed-rate and adjustable-rate one- to four-family
first lien mortgage loans formed and sold by
ASSET BACKED FUNDING CORPORATION
Series 2004-FF1, Class M-1 Original Class Certificate Principal Balance of the
Class M-1 Certificates as of the Closing Date:
Certificate Interest Rate: Floating $45,199,000
Date of Pooling and Servicing Agreement and Cut-off Date: Initial Certificate Principal Balance: $[ ]
July 1, 2004
Servicer: Countrywide Home Loans Servicing LP
First Distribution Date: August 25, 2004
Trustee: JPMorgan Chase Bank
No.
Closing Date: July 30, 2004
CUSIP: 04542B HM 7
ISIN: US04542BHM72
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE
LESS THAN THE AMOUNT SHOWN ABOVE.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN
ASSET BACKED FUNDING CORPORATION, THE SERVICER, THE TRUSTEE OR ANY OF
THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED BY ANY AGENCY OR
INSTRUMENTALITY OF THE UNITED STATES.
This certifies that _________________ is the registered owner of a
Percentage Interest (obtained by dividing the Initial Certificate Principal
Balance of this Certificate by the Original Class Certificate Principal Balance
of the Class M-1 Certificates) in that certain beneficial ownership interest
evidenced by all the Class M-1 Certificates in the Trust Fund created pursuant
to a Pooling and Servicing Agreement, dated as specified above (the
"Agreement"), among Asset Backed Funding Corporation (hereinafter called the
"Depositor," which term includes any successor entity under the Agreement), the
Servicer and the Trustee, a summary of certain of the pertinent provisions of
which is set forth hereafter. To the extent not defined herein, the capitalized
terms used herein have the meanings assigned in the Agreement. This Certificate
is issued under and is subject to the terms, provisions and conditions of the
Agreement, to which Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
B-1-2
Pursuant to the terms of the Agreement, distributions will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (a "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered on the Business Day immediately preceding such
Distribution Date (the "Record Date"), from funds in the Distribution Account in
an amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to the Holders of Class
M-1 Certificates on such Distribution Date pursuant to the Agreement; provided,
however, that if any Class M-1 Certificate becomes a Definitive Certificate, the
Record Date for such Certificate will be the last Business Day of the month
immediately preceding the month in which the related Distribution Date occurs.
All distributions to the Holder of this Certificate under the Agreement
will be made or caused to be made by or on behalf of the Trustee by wire
transfer in immediately available funds to the account of the Person entitled
thereto if such Person shall have so notified the Certificate Registrar in
writing at least five Business Days prior to the Record Date immediately prior
to such Distribution Date and is the registered owner of Class M-1 Certificates,
or by check mailed by first class mail to the address of the Person entitled
thereto, as such name and address shall appear on the Certificate Register,
provided that the Certificate Registrar may deduct a reasonable wire transfer
fee from any payment made by wire transfer. Notwithstanding the above, the final
distribution on this Certificate will be made after due notice by the Trustee of
the pendency of such distribution and only upon presentation and surrender of
this Certificate at the office or agency appointed by the Trustee for that
purpose as provided in the Agreement.
The Certificate Interest Rate for the Class M-1 Certificates for each
Distribution Date will be the least of (i) One-Month LIBOR as of the related
LIBOR Determination Date plus the Class M-1 Certificate Margin, (ii) the Pool
Maximum Rate Cap and (iii) the Pool Cap. Interest will accrue on the Class M-1
Certificates during each Interest Accrual Period at the Certificate Interest
Rate.
This Certificate is one of a duly authorized issue of Certificates
designated as ABFC Asset-Backed Certificates of the Series specified on the face
hereof (herein called the "Certificates") and representing a Percentage Interest
in the Class M-1 Certificates.
The Class M-1 Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Collection Accounts and the Distribution Account
may be made from time to time for purposes other than distributions to
Certificateholders, such purposes including reimbursement of advances made, or
certain expenses incurred, with respect to the Mortgage Loans.
This certificate is subordinated in right of payment to the Class A
Certificates as described in the Agreement referred to herein.
B-1-3
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Depositor, the Servicer, the Trustee and the rights of the Certificateholders
under the Agreement at any time by the Depositor, the Servicer and the Trustee
with the consent of the Holders of Certificates entitled to the Voting Rights
identified in the Agreement. Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
As provided in the Agreement and subject to certain limitations therein
set forth, the transfer of this Certificate is registrable in the Certificate
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies appointed by the Trustee as provided in the Agreement, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Certificate
Registrar duly executed by, the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.
The Certificates are issuable in fully registered form only without
coupons in Classes and denominations representing Percentage Interests specified
in the Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for new
Certificates of the same Class in authorized denominations evidencing the same
aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or
exchange of Certificates, but the Certificate Registrar may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and the Certificate Registrar
and any agent of the Depositor, the Servicer, the Trustee or the Certificate
Registrar may treat the Person in whose name this Certificate is registered as
the owner hereof for all purposes, and none of the Depositor, the Servicer, the
Trustee, the Certificate Registrar nor any such agent shall be affected by
notice to the contrary.
The obligations created by the Agreement and the Trust Fund created
thereby shall terminate upon payment to the Certificateholders of all amounts
held by or on behalf of the Trustee and required to be paid to them pursuant to
the Agreement following the earlier of (i) the final payment or other
liquidation (or any advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund, and (ii) the purchase by the party designated in
the Agreement at a price determined as provided in the Agreement from the Trust
Fund of all Mortgage Loans and all property acquired in respect of such Mortgage
Loans. The Agreement permits, but does not require, the party designated in the
Agreement to purchase from the Trust Fund all Mortgage Loans and all property
acquired in respect of any Mortgage Loan at a price determined as provided in
the Agreement. The exercise of such right will effect early retirement of the
Certificates; however, such right to purchase is subject to the aggregate Pool
Balance of the Mortgage Loans at the time of purchase being 10% or less of the
Cut-off Date Aggregate Principal Balance.
B-1-4
The recitals contained herein shall be taken as statements of the
Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.
B-1-5
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
JPMORGAN CHASE BANK, as Trustee
By:
-----------------------------
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned
Agreement.
JPMORGAN CHASE BANK, as Certificate Registrar
By:
-------------------------------------------
Authorized Signatory
Date of authentication:
B-1-6
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian
---------
(Cust) (Minor)
TEN ENT - as tenants by the entireties under Uniform Gifts
to Minors Act
JT TEN - as joint tenants with right ________________
of survivorship and not as (State)
tenants in common
Additional abbreviations may also be used though not in the above list.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(Please print or typewrite name, address including postal zip code, and Taxpayer
Identification Number of assignee) a Percentage Interest equal to ____%
evidenced by the within asset-backed Certificate and hereby authorize(s) the
registration of transfer of such interest to assignee on the Certificate
Register of the Trust Fund.
I (we) further direct the Certificate Registrar to issue a new
Certificate of a like Percentage Interest and Class to the above named assignee
and deliver such Certificate to the following address:
________________________________________________________________________________
Dated:
-----------------------------------------
Signature by or on behalf of assignor
-----------------------------------------
Signature Guaranteed
B-1-7
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in
immediately available funds to _________________________________________________
for the account of __________________________, account number ________________ ,
or, if mailed by check, to ___________________________________________________ .
Applicable statements should be mailed to ______________________________________
This information is provided by ______________________________________________ ,
the assignee named above, or ____________________________________, as its agent.
X-0-0
XXXXXXX X-0
[FORM OF CLASS M-2 CERTIFICATE]
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE
TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE
& CO., HAS AN INTEREST HEREIN.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A AND
CLASS M-1 CERTIFICATES AS DESCRIBED IN THE POOLING AND SERVICING
AGREEMENT REFERRED TO HEREIN.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS
BENEFICIAL OWNERSHIP OF A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE
INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
(THE "CODE") AND CERTAIN OTHER PROPERTY.
THE CLASS M-2 CERTIFICATES ARE ONLY OFFERED FOR SALE, AND ARE ONLY
TRANSFERABLE TO PLAN INVESTORS IF AN EXEMPTION FROM THE PROHIBITED
TRANSACTION RULES OF ERISA AND THE CODE APPLIES. EACH PURCHASER OF A
CLASS M-2 CERTIFICATE, OTHER THAN THE INITIAL PURCHASER OF THE CLASS
M-2 CERTIFICATE, BY VIRTUE OF ITS PURCHASE OF SUCH CERTIFICATE, WILL BE
DEEMED TO HAVE REPRESENTED EITHER THAT IT IS NOT A PLAN INVESTOR OR
THAT AN EXEMPTION FROM THE PROHIBITED TRANSACTION RULES OF ERISA AND
THE CODE APPLIES TO THE ACQUISITION, HOLDING, AND RESALE OF SUCH
CERTIFICATE AND TRANSACTIONS IN CONNECTION WITH THE SERVICING,
MANAGEMENT AND OPERATION OF THE TRUST.
B-2-1
ABFC ASSET-BACKED CERTIFICATES
SERIES 2004-FF1, CLASS M-2
evidencing a beneficial ownership interest in a Trust Fund consisting primarily
of a pool of conventional fixed-rate and adjustable-rate one- to four-family
first lien mortgage loans formed and sold by
ASSET BACKED FUNDING CORPORATION
Series 2004-FF1, Class M-2 Original Class Certificate Principal Balance of the
Class M-2 Certificates as of the Closing Date:
Certificate Interest Rate: Floating $21,696,000
Date of Pooling and Servicing Agreement and Cut-off Date: Initial Certificate Principal Balance: $[ ]
July 1, 2004
Servicer: Countrywide Home Loans Servicing LP
First Distribution Date: August 25, 2004
Trustee: JPMorgan Chase Bank
No.
Closing Date: July 30, 2004
CUSIP: 04542B HN 5
ISIN: US04542BHN55
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE
LESS THAN THE AMOUNT SHOWN ABOVE.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN
ASSET BACKED FUNDING CORPORATION, THE SERVICER, THE TRUSTEE OR ANY OF
THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED BY ANY AGENCY OR
INSTRUMENTALITY OF THE UNITED STATES.
This certifies that _________________ is the registered owner of a
Percentage Interest (obtained by dividing the Initial Certificate Principal
Balance of this Certificate by the Original Class Certificate Principal Balance
of the Class M-2 Certificates) in that certain beneficial ownership interest
evidenced by all the Class M-2 Certificates in the Trust Fund created pursuant
to a Pooling and Servicing Agreement, dated as specified above (the
"Agreement"), among Asset Backed Funding Corporation (hereinafter called the
"Depositor," which term includes any successor entity under the Agreement), the
Servicer and the Trustee, a summary of certain of the pertinent provisions of
which is set forth hereafter. To the extent not defined herein, the capitalized
terms used herein have the meanings assigned in the Agreement. This Certificate
is issued under and is subject to the terms, provisions and conditions of the
Agreement, to which Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
B-2-2
Pursuant to the terms of the Agreement, distributions will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (a "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered on the Business Day immediately preceding such
Distribution Date (the "Record Date"), from funds in the Distribution Account in
an amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to the Holders of Class
M-2 Certificates on such Distribution Date pursuant to the Agreement; provided,
however, that if any Class M-2 Certificate becomes a Definitive Certificate, the
Record Date for such Certificate will be the last Business Day of the month
immediately preceding the month in which the related Distribution Date occurs.
All distributions to the Holder of this Certificate under the Agreement
will be made or caused to be made by or on behalf of the Trustee by wire
transfer in immediately available funds to the account of the Person entitled
thereto if such Person shall have so notified the Certificate Registrar in
writing at least five Business Days prior to the Record Date immediately prior
to such Distribution Date and is the registered owner of Class M-2 Certificates,
or by check mailed by first class mail to the address of the Person entitled
thereto, as such name and address shall appear on the Certificate Register,
provided that the Certificate Registrar may deduct a reasonable wire transfer
fee from any payment made by wire transfer. Notwithstanding the above, the final
distribution on this Certificate will be made after due notice by the Trustee of
the pendency of such distribution and only upon presentation and surrender of
this Certificate at the office or agency appointed by the Trustee for that
purpose as provided in the Agreement.
The Certificate Interest Rate for the Class M-2 Certificates for each
Distribution Date will be the least of (i) One-Month LIBOR as of the related
LIBOR Determination Date plus the Class M-2 Certificate Margin, (ii) the Pool
Maximum Rate Cap and (iii) the Pool Cap. Interest will accrue on the Class M-2
Certificates during each Interest Accrual Period at the Certificate Interest
Rate.
This Certificate is one of a duly authorized issue of Certificates
designated as ABFC Asset-Backed Certificates of the Series specified on the face
hereof (herein called the "Certificates") and representing a Percentage Interest
in the Class M-2 Certificates.
The Class M-2 Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Collection Accounts and the Distribution Account
may be made from time to time for purposes other than distributions to
Certificateholders, such purposes including reimbursement of advances made, or
certain expenses incurred, with respect to the Mortgage Loans.
This certificate is subordinated in right of payment to the Class A
Certificates and Class M-1 Certificates as described in the Agreement referred
to herein.
B-2-3
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Depositor, the Servicer, the Trustee and the rights of the Certificateholders
under the Agreement at any time by the Depositor, the Servicer and the Trustee
with the consent of the Holders of Certificates entitled to the Voting Rights
identified in the Agreement. Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
As provided in the Agreement and subject to certain limitations therein
set forth, the transfer of this Certificate is registrable in the Certificate
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies appointed by the Trustee as provided in the Agreement, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Certificate
Registrar duly executed by, the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.
The Certificates are issuable in fully registered form only without
coupons in Classes and denominations representing Percentage Interests specified
in the Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for new
Certificates of the same Class in authorized denominations evidencing the same
aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or
exchange of Certificates, but the Certificate Registrar may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and the Certificate Registrar
and any agent of the Depositor, the Servicer, the Trustee or the Certificate
Registrar may treat the Person in whose name this Certificate is registered as
the owner hereof for all purposes, and none of the Depositor, the Servicer, the
Trustee, the Certificate Registrar nor any such agent shall be affected by
notice to the contrary.
The obligations created by the Agreement and the Trust Fund created
thereby shall terminate upon payment to the Certificateholders of all amounts
held by or on behalf of the Trustee and required to be paid to them pursuant to
the Agreement following the earlier of (i) the final payment or other
liquidation (or any advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund, and (ii) the purchase by the party designated in
the Agreement at a price determined as provided in the Agreement from the Trust
Fund of all Mortgage Loans and all property acquired in respect of such Mortgage
Loans. The Agreement permits, but does not require, the party designated in the
Agreement to purchase from the Trust Fund all Mortgage Loans and all property
acquired in respect of any Mortgage Loan at a price determined as provided in
the Agreement. The exercise of such right will effect early retirement of the
Certificates; however, such right to purchase is subject to the aggregate Pool
Balance of the Mortgage Loans at the time of purchase being 10% or less of the
Cut-off Date Aggregate Principal Balance.
B-2-4
The recitals contained herein shall be taken as statements of the
Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.
B-2-5
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
JPMORGAN CHASE BANK, as Trustee
By:
----------------------------
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned
Agreement.
JPMORGAN CHASE BANK, as Certificate Registrar
By:
-----------------------------
Authorized Signatory
Date of authentication:
B-2-6
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian
---------
(Cust) (Minor)
TEN ENT - as tenants by the entireties under Uniform Gifts
to Minors Act
JT TEN - as joint tenants with right
of survivorship and not as ----------------
tenants in common (State)
Additional abbreviations may also be used though not in the above list.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(Please print or typewrite name, address including postal zip code, and Taxpayer
Identification Number of assignee) a Percentage Interest equal to ____%
evidenced by the within asset-backed Certificate and hereby authorize(s) the
registration of transfer of such interest to assignee on the Certificate
Register of the Trust Fund.
I (we) further direct the Certificate Registrar to issue a new
Certificate of a like Percentage Interest and Class to the above named assignee
and deliver such Certificate to the following address:
________________________________________________________________________________
Dated:
--------------------------------------
Signature by or on behalf of assignor
--------------------------------------
Signature Guaranteed
B-2-7
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in
immediately available funds to _________________________________________________
for the account of ____________________________, account number ______________ ,
or, if mailed by check, to ___________________________________________________ .
Applicable statements should be mailed to ______________________________________
This information is provided by ______________________________________________ ,
the assignee named above, or ____________________________________, as its agent.
X-0-0
XXXXXXX X-0
[FORM OF CLASS M-3 CERTIFICATE]
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE
TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE
& CO., HAS AN INTEREST HEREIN.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A,
CLASS M-1 AND CLASS M-2 CERTIFICATES AS DESCRIBED IN THE POOLING AND
SERVICING AGREEMENT REFERRED TO HEREIN.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS
BENEFICIAL OWNERSHIP OF A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE
INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
(THE "CODE") AND CERTAIN OTHER PROPERTY.
THE CLASS M-3 CERTIFICATES ARE ONLY OFFERED FOR SALE, AND ARE ONLY
TRANSFERABLE TO PLAN INVESTORS IF AN EXEMPTION FROM THE PROHIBITED
TRANSACTION RULES OF ERISA AND THE CODE APPLIES. EACH PURCHASER OF A
CLASS M-3 CERTIFICATE, OTHER THAN THE INITIAL PURCHASER OF THE CLASS
M-3 CERTIFICATE, BY VIRTUE OF ITS PURCHASE OF SUCH CERTIFICATE, WILL BE
DEEMED TO HAVE REPRESENTED EITHER THAT IT IS NOT A PLAN INVESTOR OR
THAT AN EXEMPTION FROM THE PROHIBITED TRANSACTION RULES OF ERISA AND
THE CODE APPLIES TO THE ACQUISITION, HOLDING, AND RESALE OF SUCH
CERTIFICATE AND TRANSACTIONS IN CONNECTION WITH THE SERVICING,
MANAGEMENT AND OPERATION OF THE TRUST.
B-3-1
ABFC ASSET-BACKED CERTIFICATES
SERIES 2004-FF1, CLASS M-3
evidencing a beneficial ownership interest in a Trust Fund consisting primarily
of a pool of conventional fixed-rate and adjustable-rate one- to four-family
first lien mortgage loans formed and sold by
ASSET BACKED FUNDING CORPORATION
Series 2004-FF1, Class M-3 Original Class Certificate Principal Balance of the
Class M-3 Certificates as of the Closing Date:
Certificate Interest Rate: Floating $7,231,000
Date of Pooling and Servicing Agreement and Cut-off Date: Initial Certificate Principal Balance: $[ ]
July 1, 2004
Servicer: Countrywide Home Loans Servicing LP
First Distribution Date: August 25, 2004
Trustee: JPMorgan Chase Bank
No.
Closing Date: July 30, 2004
CUSIP: 04542B HP 0
ISIN: US04542BHP04
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE
LESS THAN THE AMOUNT SHOWN ABOVE.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN
ASSET BACKED FUNDING CORPORATION, THE SERVICER, THE TRUSTEE OR ANY OF
THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED BY ANY AGENCY OR
INSTRUMENTALITY OF THE UNITED STATES.
This certifies that _________________ is the registered owner of a
Percentage Interest (obtained by dividing the Initial Certificate Principal
Balance of this Certificate by the Original Class Certificate Principal Balance
of the Class M-3 Certificates) in that certain beneficial ownership interest
evidenced by all the Class M-3 Certificates in the Trust Fund created pursuant
to a Pooling and Servicing Agreement, dated as specified above (the
"Agreement"), among Asset Backed Funding Corporation (hereinafter called the
"Depositor," which term includes any successor entity under the Agreement), the
Servicer and the Trustee, a summary of certain of the pertinent provisions of
which is set forth hereafter. To the extent not defined herein, the capitalized
terms used herein have the meanings assigned in the Agreement. This Certificate
is issued under and is subject to the terms, provisions and conditions of the
Agreement, to which Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
B-3-2
Pursuant to the terms of the Agreement, distributions will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (a "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered on the Business Day immediately preceding such
Distribution Date (the "Record Date"), from funds in the Distribution Account in
an amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to the Holders of Class
M-3 Certificates on such Distribution Date pursuant to the Agreement; provided,
however, that if any Class M-3 Certificate becomes a Definitive Certificate, the
Record Date for such Certificate will be the last Business Day of the month
immediately preceding the month in which the related Distribution Date occurs.
All distributions to the Holder of this Certificate under the Agreement
will be made or caused to be made by or on behalf of the Trustee by wire
transfer in immediately available funds to the account of the Person entitled
thereto if such Person shall have so notified the Certificate Registrar in
writing at least five Business Days prior to the Record Date immediately prior
to such Distribution Date and is the registered owner of Class M-3 Certificates,
or by check mailed by first class mail to the address of the Person entitled
thereto, as such name and address shall appear on the Certificate Register,
provided that the Certificate Registrar may deduct a reasonable wire transfer
fee from any payment made by wire transfer. Notwithstanding the above, the final
distribution on this Certificate will be made after due notice by the Trustee of
the pendency of such distribution and only upon presentation and surrender of
this Certificate at the office or agency appointed by the Trustee for that
purpose as provided in the Agreement.
The Certificate Interest Rate for the Class M-3 Certificates for each
Distribution Date will be the least of (i) One-Month LIBOR as of the related
LIBOR Determination Date plus the Class M-3 Certificate Margin, (ii) the Pool
Maximum Rate Cap and (iii) the Pool Cap. Interest will accrue on the Class M-3
Certificates during each Interest Accrual Period at the Certificate Interest
Rate.
This Certificate is one of a duly authorized issue of Certificates
designated as ABFC Asset-Backed Certificates of the Series specified on the face
hereof (herein called the "Certificates") and representing a Percentage Interest
in the Class M-3 Certificates.
The Class M-3 Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Collection Accounts and the Distribution Account
may be made from time to time for purposes other than distributions to
Certificateholders, such purposes including reimbursement of advances made, or
certain expenses incurred, with respect to the Mortgage Loans.
This certificate is subordinated in right of payment to the Class A
Certificates, Class M-1 Certificate and Class M-2 Certificates as described in
the Agreement referred to herein.
B-3-3
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Depositor, the Servicer, the Trustee and the rights of the Certificateholders
under the Agreement at any time by the Depositor, the Servicer and the Trustee
with the consent of the Holders of Certificates entitled to the Voting Rights
identified in the Agreement. Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
As provided in the Agreement and subject to certain limitations therein
set forth, the transfer of this Certificate is registrable in the Certificate
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies appointed by the Trustee as provided in the Agreement, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Certificate
Registrar duly executed by, the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.
The Certificates are issuable in fully registered form only without
coupons in Classes and denominations representing Percentage Interests specified
in the Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for new
Certificates of the same Class in authorized denominations evidencing the same
aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or
exchange of Certificates, but the Certificate Registrar may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and the Certificate Registrar
and any agent of the Depositor, the Servicer, the Trustee or the Certificate
Registrar may treat the Person in whose name this Certificate is registered as
the owner hereof for all purposes, and none of the Depositor, the Servicer, the
Trustee, the Certificate Registrar nor any such agent shall be affected by
notice to the contrary.
The obligations created by the Agreement and the Trust Fund created
thereby shall terminate upon payment to the Certificateholders of all amounts
held by or on behalf of the Trustee and required to be paid to them pursuant to
the Agreement following the earlier of (i) the final payment or other
liquidation (or any advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund, and (ii) the purchase by the party designated in
the Agreement at a price determined as provided in the Agreement from the Trust
Fund of all Mortgage Loans and all property acquired in respect of such Mortgage
Loans. The Agreement permits, but does not require, the party designated in the
Agreement to purchase from the Trust Fund all Mortgage Loans and all property
acquired in respect of any Mortgage Loan at a price determined as provided in
the Agreement. The exercise of such right will effect early retirement of the
Certificates; however, such right to purchase is subject to the aggregate Pool
Balance of the Mortgage Loans at the time of purchase being 10% or less of the
Cut-off Date Aggregate Principal Balance.
B-3-4
The recitals contained herein shall be taken as statements of the
Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.
B-3-5
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
JPMORGAN CHASE BANK, as Trustee
By:
-----------------------------
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned
Agreement.
JPMORGAN CHASE BANK, as Certificate Registrar
By:
------------------------------------------
Authorized Signatory
Date of authentication:
B-3-6
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian
---------
(Cust) (Minor)
TEN ENT - as tenants by the entireties under Uniform Gifts
to Minors Act
JT TEN - as joint tenants with right
of survivorship and not as ----------------
tenants in common (State)
Additional abbreviations may also be used though not in the above list.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(Please print or typewrite name, address including postal zip code, and Taxpayer
Identification Number of assignee) a Percentage Interest equal to ____%
evidenced by the within asset-backed Certificate and hereby authorize(s) the
registration of transfer of such interest to assignee on the Certificate
Register of the Trust Fund.
I (we) further direct the Certificate Registrar to issue a new
Certificate of a like Percentage Interest and Class to the above named assignee
and deliver such Certificate to the following address:
________________________________________________________________________________
Dated:
----------------------------------------
Signature by or on behalf of assignor
----------------------------------------
Signature Guaranteed
B-3-7
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in
immediately available funds to _________________________________________________
for the account of ________________________, account number____________________,
or, if mailed by check, to ____________________________________________________.
Applicable statements should be mailed to ______________________________________
This information is provided by ______________________________________________ ,
the assignee named above, or ____________________________________, as its agent.
X-0-0
XXXXXXX X-0
[FORM OF CLASS M-4 CERTIFICATE]
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE
TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE
& CO., HAS AN INTEREST HEREIN.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A,
CLASS M-1, CLASS M-2 AND CLASS M-3 CERTIFICATES AS DESCRIBED IN THE
POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS
BENEFICIAL OWNERSHIP OF A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE
INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
(THE "CODE") AND CERTAIN OTHER PROPERTY.
THE CLASS M-4 CERTIFICATES ARE ONLY OFFERED FOR SALE, AND ARE ONLY
TRANSFERABLE TO PLAN INVESTORS IF AN EXEMPTION FROM THE PROHIBITED
TRANSACTION RULES OF ERISA AND THE CODE APPLIES. EACH PURCHASER OF A
CLASS M-4 CERTIFICATE, OTHER THAN THE INITIAL PURCHASER OF THE CLASS
M-4 CERTIFICATE, BY VIRTUE OF ITS PURCHASE OF SUCH CERTIFICATE, WILL BE
DEEMED TO HAVE REPRESENTED EITHER THAT IT IS NOT A PLAN INVESTOR OR
THAT AN EXEMPTION FROM THE PROHIBITED TRANSACTION RULES OF ERISA AND
THE CODE APPLIES TO THE ACQUISITION, HOLDING, AND RESALE OF SUCH
CERTIFICATE AND TRANSACTIONS IN CONNECTION WITH THE SERVICING,
MANAGEMENT AND OPERATION OF THE TRUST.
B-4-1
ABFC ASSET-BACKED CERTIFICATES
SERIES 2004-FF1, CLASS M-4
evidencing a beneficial ownership interest in a Trust Fund consisting primarily
of a pool of conventional fixed-rate and adjustable-rate one- to four-family
first lien mortgage loans formed and sold by
ASSET BACKED FUNDING CORPORATION
Series 2004-FF1, Class M-4 Original Class Certificate Principal Balance of the
Class M-4 Certificates as of the Closing Date:
Certificate Interest Rate: Floating $5,424,000
Date of Pooling and Servicing Agreement and Cut-off Date: Initial Certificate Principal Balance: $[ ]
July 1, 2004
Servicer: Countrywide Home Loans Servicing LP
First Distribution Date: August 25, 2004
Trustee: JPMorgan Chase Bank
No.
Closing Date: July 30, 2004
CUSIP: 04542B HQ 8
ISIN: US04542BHQ86
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE
LESS THAN THE AMOUNT SHOWN ABOVE.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN
ASSET BACKED FUNDING CORPORATION, THE SERVICER, THE TRUSTEE OR ANY OF
THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED BY ANY AGENCY OR
INSTRUMENTALITY OF THE UNITED STATES.
This certifies that _________________ is the registered owner of a
Percentage Interest (obtained by dividing the Initial Certificate Principal
Balance of this Certificate by the Original Class Certificate Principal Balance
of the Class M-4 Certificates) in that certain beneficial ownership interest
evidenced by all the Class M-4 Certificates in the Trust Fund created pursuant
to a Pooling and Servicing Agreement, dated as specified above (the
"Agreement"), among Asset Backed Funding Corporation (hereinafter called the
"Depositor," which term includes any successor entity under the Agreement), the
Servicer and the Trustee, a summary of certain of the pertinent provisions of
which is set forth hereafter. To the extent not defined herein, the capitalized
terms used herein have the meanings assigned in the Agreement. This Certificate
is issued under and is subject to the terms, provisions and conditions of the
Agreement, to which Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
B-4-2
Pursuant to the terms of the Agreement, distributions will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (a "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered on the Business Day immediately preceding such
Distribution Date (the "Record Date"), from funds in the Distribution Account in
an amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to the Holders of Class
M-4 Certificates on such Distribution Date pursuant to the Agreement; provided,
however, that if any Class M-4 Certificate becomes a Definitive Certificate, the
Record Date for such Certificate will be the last Business Day of the month
immediately preceding the month in which the related Distribution Date occurs.
All distributions to the Holder of this Certificate under the Agreement
will be made or caused to be made by or on behalf of the Trustee by wire
transfer in immediately available funds to the account of the Person entitled
thereto if such Person shall have so notified the Certificate Registrar in
writing at least five Business Days prior to the Record Date immediately prior
to such Distribution Date and is the registered owner of Class M-4 Certificates,
or by check mailed by first class mail to the address of the Person entitled
thereto, as such name and address shall appear on the Certificate Register,
provided that the Certificate Registrar may deduct a reasonable wire transfer
fee from any payment made by wire transfer. Notwithstanding the above, the final
distribution on this Certificate will be made after due notice by the Trustee of
the pendency of such distribution and only upon presentation and surrender of
this Certificate at the office or agency appointed by the Trustee for that
purpose as provided in the Agreement.
The Certificate Interest Rate for the Class M-4 Certificates for each
Distribution Date will be the least of (i) One-Month LIBOR as of the related
LIBOR Determination Date plus the Class M-4 Certificate Margin, (ii) the Pool
Maximum Rate Cap and (iii) the Pool Cap. Interest will accrue on the Class M-4
Certificates during each Interest Accrual Period at the Certificate Interest
Rate.
This Certificate is one of a duly authorized issue of Certificates
designated as ABFC Asset-Backed Certificates of the Series specified on the face
hereof (herein called the "Certificates") and representing a Percentage Interest
in the Class M-4 Certificates.
The Class M-4 Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Collection Accounts and the Distribution Account
may be made from time to time for purposes other than distributions to
Certificateholders, such purposes including reimbursement of advances made, or
certain expenses incurred, with respect to the Mortgage Loans.
This certificate is subordinated in right of payment to the Class A
Certificates, Class M-1 Certificate, Class M-2 Certificates and Class M-3
Certificates as described in the Agreement referred to herein.
B-4-3
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Depositor, the Servicer, the Trustee and the rights of the Certificateholders
under the Agreement at any time by the Depositor, the Servicer and the Trustee
with the consent of the Holders of Certificates entitled to the Voting Rights
identified in the Agreement. Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
As provided in the Agreement and subject to certain limitations therein
set forth, the transfer of this Certificate is registrable in the Certificate
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies appointed by the Trustee as provided in the Agreement, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Certificate
Registrar duly executed by, the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.
The Certificates are issuable in fully registered form only without
coupons in Classes and denominations representing Percentage Interests specified
in the Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for new
Certificates of the same Class in authorized denominations evidencing the same
aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or
exchange of Certificates, but the Certificate Registrar may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and the Certificate Registrar
and any agent of the Depositor, the Servicer, the Trustee or the Certificate
Registrar may treat the Person in whose name this Certificate is registered as
the owner hereof for all purposes, and none of the Depositor, the Servicer, the
Trustee, the Certificate Registrar nor any such agent shall be affected by
notice to the contrary.
The obligations created by the Agreement and the Trust Fund created
thereby shall terminate upon payment to the Certificateholders of all amounts
held by or on behalf of the Trustee and required to be paid to them pursuant to
the Agreement following the earlier of (i) the final payment or other
liquidation (or any advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund, and (ii) the purchase by the party designated in
the Agreement at a price determined as provided in the Agreement from the Trust
Fund of all Mortgage Loans and all property acquired in respect of such Mortgage
Loans. The Agreement permits, but does not require, the party designated in the
Agreement to purchase from the Trust Fund all Mortgage Loans and all property
acquired in respect of any Mortgage Loan at a price determined as provided in
the Agreement. The exercise of such right will effect early retirement of the
Certificates; however, such right to purchase is subject to the aggregate Pool
Balance of the Mortgage Loans at the time of purchase being 10% or less of the
Cut-off Date Aggregate Principal Balance.
B-4-4
The recitals contained herein shall be taken as statements of the
Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.
B-4-5
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
JPMORGAN CHASE BANK, as Trustee
By:
-----------------------------
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned
Agreement.
JPMORGAN CHASE BANK, as Certificate Registrar
By:
------------------------------------------
Authorized Signatory
Date of authentication:
B-4-6
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian
---------
(Cust) (Minor)
TEN ENT - as tenants by the entireties under Uniform Gifts
to Minors Act
JT TEN - as joint tenants with right
of survivorship and not as ----------------
tenants in common (State)
Additional abbreviations may also be used though not in the above list.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(Please print or typewrite name, address including postal zip code, and Taxpayer
Identification Number of assignee) a Percentage Interest equal to ____%
evidenced by the within asset-backed Certificate and hereby authorize(s) the
registration of transfer of such interest to assignee on the Certificate
Register of the Trust Fund.
I (we) further direct the Certificate Registrar to issue a new
Certificate of a like Percentage Interest and Class to the above named assignee
and deliver such Certificate to the following address:
________________________________________________________________________________
Dated:
--------------------------------------
Signature by or on behalf of assignor
--------------------------------------
Signature Guaranteed
B-4-7
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in
immediately available funds to _________________________________________________
________________________________________________________________________________
for the account of __________________________, account number _________________,
or, if mailed by check, to ____________________________________________________.
Applicable statements should be mailed to ______________________________________
This information is provided by _______________________________________________,
the assignee named above, or _________________________________, as its agent.
X-0-0
XXXXXXX X-0
[FORM OF CLASS M-5 CERTIFICATE]
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE
TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE
& CO., HAS AN INTEREST HEREIN.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A,
CLASS M-1, CLASS M-2, CLASS M-3 AND CLASS M-4 CERTIFICATES AS DESCRIBED
IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS
BENEFICIAL OWNERSHIP OF A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE
INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
(THE "CODE") AND CERTAIN OTHER PROPERTY.
THE CLASS M-5 CERTIFICATES ARE ONLY OFFERED FOR SALE, AND ARE ONLY
TRANSFERABLE TO PLAN INVESTORS IF AN EXEMPTION FROM THE PROHIBITED
TRANSACTION RULES OF ERISA AND THE CODE APPLIES. EACH PURCHASER OF A
CLASS M-5 CERTIFICATE, OTHER THAN THE INITIAL PURCHASER OF THE CLASS
M-5 CERTIFICATE, BY VIRTUE OF ITS PURCHASE OF SUCH CERTIFICATE, WILL BE
DEEMED TO HAVE REPRESENTED EITHER THAT IT IS NOT A PLAN INVESTOR OR
THAT AN EXEMPTION FROM THE PROHIBITED TRANSACTION RULES OF ERISA AND
THE CODE APPLIES TO THE ACQUISITION, HOLDING, AND RESALE OF SUCH
CERTIFICATE AND TRANSACTIONS IN CONNECTION WITH THE SERVICING,
MANAGEMENT AND OPERATION OF THE TRUST.
B-5-1
ABFC ASSET-BACKED CERTIFICATES
SERIES 2004-FF14, CLASS M-5
evidencing a beneficial ownership interest in a Trust Fund consisting primarily
of a pool of conventional fixed-rate and adjustable-rate one- to four-family
first lien mortgage loans formed and sold by
ASSET BACKED FUNDING CORPORATION
Series 2004-FF1, Class M-5 Original Class Certificate Principal Balance of the
Class M-5 Certificates as of the Closing Date:
Certificate Interest Rate: Floating $5,424,000
Date of Pooling and Servicing Agreement and Cut-off Date: Initial Certificate Principal Balance: $[ ]
July 1, 2004
Servicer: Countrywide Home Loans Servicing LP
First Distribution Date: August 25, 2004
Trustee: JPMorgan Chase Bank
No.
Closing Date: July 30, 2004
CUSIP: 04542B HR 6
ISIN: US04542BHR69
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE
LESS THAN THE AMOUNT SHOWN ABOVE.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN
ASSET BACKED FUNDING CORPORATION, THE SERVICER, THE TRUSTEE OR ANY OF
THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED BY ANY AGENCY OR
INSTRUMENTALITY OF THE UNITED STATES.
This certifies that _________________ is the registered owner of a
Percentage Interest (obtained by dividing the Initial Certificate Principal
Balance of this Certificate by the Original Class Certificate Principal Balance
of the Class M-5 Certificates) in that certain beneficial ownership interest
evidenced by all the Class M-5 Certificates in the Trust Fund created pursuant
to a Pooling and Servicing Agreement, dated as specified above (the
"Agreement"), among Asset Backed Funding Corporation (hereinafter called the
"Depositor," which term includes any successor entity under the Agreement), the
Servicer and the Trustee, a summary of certain of the pertinent provisions of
which is set forth hereafter. To the extent not defined herein, the capitalized
terms used herein have the meanings assigned in the Agreement. This Certificate
is issued under and is subject to the terms, provisions and conditions of the
Agreement, to which Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
B-5-2
Pursuant to the terms of the Agreement, distributions will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (a "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered on the Business Day immediately preceding such
Distribution Date (the "Record Date"), from funds in the Distribution Account in
an amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to the Holders of Class
M-5 Certificates on such Distribution Date pursuant to the Agreement; provided,
however, that if any Class M-5 Certificate becomes a Definitive Certificate, the
Record Date for such Certificate will be the last Business Day of the month
immediately preceding the month in which the related Distribution Date occurs.
All distributions to the Holder of this Certificate under the Agreement
will be made or caused to be made by or on behalf of the Trustee by wire
transfer in immediately available funds to the account of the Person entitled
thereto if such Person shall have so notified the Certificate Registrar in
writing at least five Business Days prior to the Record Date immediately prior
to such Distribution Date and is the registered owner of Class M-5 Certificates,
or by check mailed by first class mail to the address of the Person entitled
thereto, as such name and address shall appear on the Certificate Register,
provided that the Certificate Registrar may deduct a reasonable wire transfer
fee from any payment made by wire transfer. Notwithstanding the above, the final
distribution on this Certificate will be made after due notice by the Trustee of
the pendency of such distribution and only upon presentation and surrender of
this Certificate at the office or agency appointed by the Trustee for that
purpose as provided in the Agreement.
The Certificate Interest Rate for the Class M-5 Certificates for each
Distribution Date will be the least of (i) One-Month LIBOR as of the related
LIBOR Determination Date plus the Class M-5 Certificate Margin, (ii) the Pool
Maximum Rate Cap and (iii) the Pool Cap. Interest will accrue on the Class M-5
Certificates during each Interest Accrual Period at the Certificate Interest
Rate.
This Certificate is one of a duly authorized issue of Certificates
designated as ABFC Asset-Backed Certificates of the Series specified on the face
hereof (herein called the "Certificates") and representing a Percentage Interest
in the Class M-5 Certificates.
The Class M-5 Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Collection Accounts and the Distribution Account
may be made from time to time for purposes other than distributions to
Certificateholders, such purposes including reimbursement of advances made, or
certain expenses incurred, with respect to the Mortgage Loans.
This certificate is subordinated in right of payment to the Class A
Certificates, Class M-1 Certificate, Class M-2 Certificates, Class M-3
Certificates and Class M-4 Certificates as described in the Agreement referred
to herein.
B-5-3
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Depositor, the Servicer, the Trustee and the rights of the Certificateholders
under the Agreement at any time by the Depositor, the Servicer and the Trustee
with the consent of the Holders of Certificates entitled to the Voting Rights
identified in the Agreement. Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
As provided in the Agreement and subject to certain limitations therein
set forth, the transfer of this Certificate is registrable in the Certificate
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies appointed by the Trustee as provided in the Agreement, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Certificate
Registrar duly executed by, the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.
The Certificates are issuable in fully registered form only without
coupons in Classes and denominations representing Percentage Interests specified
in the Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for new
Certificates of the same Class in authorized denominations evidencing the same
aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or
exchange of Certificates, but the Certificate Registrar may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and the Certificate Registrar
and any agent of the Depositor, the Servicer, the Trustee or the Certificate
Registrar may treat the Person in whose name this Certificate is registered as
the owner hereof for all purposes, and none of the Depositor, the Servicer, the
Trustee, the Certificate Registrar nor any such agent shall be affected by
notice to the contrary.
The obligations created by the Agreement and the Trust Fund created
thereby shall terminate upon payment to the Certificateholders of all amounts
held by or on behalf of the Trustee and required to be paid to them pursuant to
the Agreement following the earlier of (i) the final payment or other
liquidation (or any advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund, and (ii) the purchase by the party designated in
the Agreement at a price determined as provided in the Agreement from the Trust
Fund of all Mortgage Loans and all property acquired in respect of such Mortgage
Loans. The Agreement permits, but does not require, the party designated in the
Agreement to purchase from the Trust Fund all Mortgage Loans and all property
acquired in respect of any Mortgage Loan at a price determined as provided in
the Agreement. The exercise of such right will effect early retirement of the
Certificates; however, such right to purchase is subject to the aggregate Pool
Balance of the Mortgage Loans at the time of purchase being 10% or less of the
Cut-off Date Aggregate Principal Balance.
B-5-4
The recitals contained herein shall be taken as statements of the
Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.
B-5-5
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
JPMORGAN CHASE BANK, as Trustee
By:
-----------------------------
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned
Agreement.
JPMORGAN CHASE BANK, as Certificate Registrar
By:
-------------------------------------------
Authorized Signatory
Date of authentication:
B-5-6
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian
---------
(Cust) (Minor)
TEN ENT - as tenants by the entireties under Uniform Gifts
to Minors Act
JT TEN - as joint tenants with right
of survivorship and not as ----------------
tenants in common (State)
Additional abbreviations may also be used though not in the above list.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(Please print or typewrite name, address including postal zip code, and Taxpayer
Identification Number of assignee) a Percentage Interest equal to ____%
evidenced by the within asset-backed Certificate and hereby authorize(s) the
registration of transfer of such interest to assignee on the Certificate
Register of the Trust Fund.
I (we) further direct the Certificate Registrar to issue a new
Certificate of a like Percentage Interest and Class to the above named assignee
and deliver such Certificate to the following address:
________________________________________________________________________________
Dated:
--------------------------------------
Signature by or on behalf of assignor
--------------------------------------
Signature Guaranteed
B-5-7
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in
immediately available funds to _________________________________________________
________________________________________________________________________________
for the account of _________________________, account number __________________,
or, if mailed by check, to ____________________________________________________.
Applicable statements should be mailed to ______________________________________
This information is provided by _______________________________________________,
the assignee named above, or ____________________________________, as its agent.
X-0-0
XXXXXXX X-0
[FORM OF CLASS M-6 CERTIFICATE]
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE
TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE
& CO., HAS AN INTEREST HEREIN.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A,
CLASS M-1, CLASS M-2, CLASS M-3, CLASS M-4 AND CLASS M-5 CERTIFICATES
AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS
BENEFICIAL OWNERSHIP OF A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE
INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
(THE "CODE") AND CERTAIN OTHER PROPERTY.
THE CLASS M-6 CERTIFICATES ARE ONLY OFFERED FOR SALE, AND ARE ONLY
TRANSFERABLE TO PLAN INVESTORS IF AN EXEMPTION FROM THE PROHIBITED
TRANSACTION RULES OF ERISA AND THE CODE APPLIES. EACH PURCHASER OF A
CLASS M-6 CERTIFICATE, OTHER THAN THE INITIAL PURCHASER OF THE CLASS
M-6 CERTIFICATE, BY VIRTUE OF ITS PURCHASE OF SUCH CERTIFICATE, WILL BE
DEEMED TO HAVE REPRESENTED EITHER THAT IT IS NOT A PLAN INVESTOR OR
THAT AN EXEMPTION FROM THE PROHIBITED TRANSACTION RULES OF ERISA AND
THE CODE APPLIES TO THE ACQUISITION, HOLDING, AND RESALE OF SUCH
CERTIFICATE AND TRANSACTIONS IN CONNECTION WITH THE SERVICING,
MANAGEMENT AND OPERATION OF THE TRUST.
B-6-1
ABFC ASSET-BACKED CERTIFICATES
SERIES 2004-FF1, CLASS M-6
evidencing a beneficial ownership interest in a Trust Fund consisting primarily
of a pool of conventional fixed-rate and adjustable-rate one- to four-family
first lien mortgage loans formed and sold by
ASSET BACKED FUNDING CORPORATION
Series 2004-FF1, Class M-6 Original Class Certificate Principal Balance of the
Class M-6 Certificates as of the Closing Date:
Certificate Interest Rate: Floating $3,616,000
Date of Pooling and Servicing Agreement and Cut-off Date: Initial Certificate Principal Balance: $[ ]
July 1, 2004
Servicer: Countrywide Home Loans Servicing LP
First Distribution Date: August 25, 2004
Trustee: JPMorgan Chase Bank
No.
Closing Date: July 30, 2004
CUSIP: 04542B HS 4
ISIN: US04542BHS43
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE
LESS THAN THE AMOUNT SHOWN ABOVE.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN
ASSET BACKED FUNDING CORPORATION, THE SERVICER, THE TRUSTEE OR ANY OF
THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED BY ANY AGENCY OR
INSTRUMENTALITY OF THE UNITED STATES.
This certifies that _________________ is the registered owner of a
Percentage Interest (obtained by dividing the Initial Certificate Principal
Balance of this Certificate by the Original Class Certificate Principal Balance
of the Class M-6 Certificates) in that certain beneficial ownership interest
evidenced by all the Class M-6 Certificates in the Trust Fund created pursuant
to a Pooling and Servicing Agreement, dated as specified above (the
"Agreement"), among Asset Backed Funding Corporation (hereinafter called the
"Depositor," which term includes any successor entity under the Agreement), the
Servicer and the Trustee, a summary of certain of the pertinent provisions of
which is set forth hereafter. To the extent not defined herein, the capitalized
terms used herein have the meanings assigned in the Agreement. This Certificate
is issued under and is subject to the terms, provisions and conditions of the
Agreement, to which Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
B-6-2
Pursuant to the terms of the Agreement, distributions will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (a "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered on the Business Day immediately preceding such
Distribution Date (the "Record Date"), from funds in the Distribution Account in
an amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to the Holders of Class
M-6 Certificates on such Distribution Date pursuant to the Agreement; provided,
however, that if any Class M-6 Certificate becomes a Definitive Certificate, the
Record Date for such Certificate will be the last Business Day of the month
immediately preceding the month in which the related Distribution Date occurs.
All distributions to the Holder of this Certificate under the Agreement
will be made or caused to be made by or on behalf of the Trustee by wire
transfer in immediately available funds to the account of the Person entitled
thereto if such Person shall have so notified the Certificate Registrar in
writing at least five Business Days prior to the Record Date immediately prior
to such Distribution Date and is the registered owner of Class M-6 Certificates,
or by check mailed by first class mail to the address of the Person entitled
thereto, as such name and address shall appear on the Certificate Register,
provided that the Certificate Registrar may deduct a reasonable wire transfer
fee from any payment made by wire transfer. Notwithstanding the above, the final
distribution on this Certificate will be made after due notice by the Trustee of
the pendency of such distribution and only upon presentation and surrender of
this Certificate at the office or agency appointed by the Trustee for that
purpose as provided in the Agreement.
The Certificate Interest Rate for the Class M-6 Certificates for each
Distribution Date will be the least of (i) One-Month LIBOR as of the related
LIBOR Determination Date plus the Class M-6 Certificate Margin, (ii) the Pool
Maximum Rate Cap and (iii) the Pool Cap. Interest will accrue on the Class M-6
Certificates during each Interest Accrual Period at the Certificate Interest
Rate.
This Certificate is one of a duly authorized issue of Certificates
designated as ABFC Asset-Backed Certificates of the Series specified on the face
hereof (herein called the "Certificates") and representing a Percentage Interest
in the Class M-6 Certificates.
The Class M-6 Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Collection Accounts and the Distribution Account
may be made from time to time for purposes other than distributions to
Certificateholders, such purposes including reimbursement of advances made, or
certain expenses incurred, with respect to the Mortgage Loans.
This certificate is subordinated in right of payment to the Class A
Certificates, Class M-1 Certificate, Class M-2 Certificates, Class M-3
Certificates, Class M-4 Certificates and Class M-5 Certificates as described in
the Agreement referred to herein.
B-6-3
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Depositor, the Servicer, the Trustee and the rights of the Certificateholders
under the Agreement at any time by the Depositor, the Servicer and the Trustee
with the consent of the Holders of Certificates entitled to the Voting Rights
identified in the Agreement. Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
As provided in the Agreement and subject to certain limitations therein
set forth, the transfer of this Certificate is registrable in the Certificate
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies appointed by the Trustee as provided in the Agreement, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Certificate
Registrar duly executed by, the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.
The Certificates are issuable in fully registered form only without
coupons in Classes and denominations representing Percentage Interests specified
in the Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for new
Certificates of the same Class in authorized denominations evidencing the same
aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or
exchange of Certificates, but the Certificate Registrar may require
payment of a sum sufficient to cover any tax or other governmental charge that
may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and the Certificate Registrar
and any agent of the Depositor, the Servicer, the Trustee or the Certificate
Registrar may treat the Person in whose name this Certificate is registered as
the owner hereof for all purposes, and none of the Depositor, the Servicer, the
Trustee, the Certificate Registrar nor any such agent shall be affected by
notice to the contrary.
The obligations created by the Agreement and the Trust Fund created
thereby shall terminate upon payment to the Certificateholders of all amounts
held by or on behalf of the Trustee and required to be paid to them pursuant to
the Agreement following the earlier of (i) the final payment or other
liquidation (or any advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund, and (ii) the purchase by the party designated in
the Agreement at a price determined as provided in the Agreement from the Trust
Fund of all Mortgage Loans and all property acquired in respect of such Mortgage
Loans. The Agreement permits, but does not require, the party designated in the
Agreement to purchase from the Trust Fund all Mortgage Loans and all property
acquired in respect of any Mortgage Loan at a price determined as provided in
the Agreement. The exercise of such right will effect early retirement of the
Certificates; however, such right to purchase is subject to the aggregate Pool
Balance of the Mortgage Loans at the time of purchase being 10% or less of the
Cut-off Date Aggregate Principal Balance.
B-6-4
The recitals contained herein shall be taken as statements of the
Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.
B-6-5
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
JPMORGAN CHASE BANK, as Trustee
By:
------------------------------
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned
Agreement.
JPMORGAN CHASE BANK, as Certificate Registrar
By:
------------------------------------------
Authorized Signatory
Date of authentication:
B-6-6
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian
---------
(Cust) (Minor)
TEN ENT - as tenants by the entireties under Uniform Gifts
to Minors Act
JT TEN - as joint tenants with right
of survivorship and not as ----------------
tenants in common (State)
Additional abbreviations may also be used though not in the above list.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(Please print or typewrite name, address including postal zip code, and Taxpayer
Identification Number of assignee) a Percentage Interest equal to ____%
evidenced by the within asset-backed Certificate and hereby authorize(s) the
registration of transfer of such interest to assignee on the Certificate
Register of the Trust Fund.
I (we) further direct the Certificate Registrar to issue a new
Certificate of a like Percentage Interest and Class to the above named assignee
and deliver such Certificate to the following address:
________________________________________________________________________________
Dated:
--------------------------------------
Signature by or on behalf of assignor
--------------------------------------
Signature Guaranteed
B-6-7
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in
immediately available funds to _________________________________________________
________________________________________________________________________________
for the account of _________________________, account number __________________,
or, if mailed by check, to ____________________________________________________.
Applicable statements should be mailed to ______________________________________
This information is provided by _______________________________________________,
the assignee named above, or ____________________________________, as its agent.
X-0-0
XXXXXXX X-0
[FORM OF CLASS M-7 CERTIFICATE]
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE
TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE
& CO., HAS AN INTEREST HEREIN.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A,
CLASS M-1, CLASS M-2, CLASS M-3, CLASS M-4, CLASS M-5 AND CLASS M-6
CERTIFICATES AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT
REFERRED TO HEREIN.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS
BENEFICIAL OWNERSHIP OF A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE
INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
(THE "CODE") AND CERTAIN OTHER PROPERTY.
THE CLASS M-7 CERTIFICATES ARE ONLY OFFERED FOR SALE, AND ARE ONLY
TRANSFERABLE TO PLAN INVESTORS IF AN EXEMPTION FROM THE PROHIBITED
TRANSACTION RULES OF ERISA AND THE CODE APPLIES. EACH PURCHASER OF A
CLASS M-7 CERTIFICATE, OTHER THAN THE INITIAL PURCHASER OF THE CLASS
M-7 CERTIFICATE, BY VIRTUE OF ITS PURCHASE OF SUCH CERTIFICATE, WILL BE
DEEMED TO HAVE REPRESENTED EITHER THAT IT IS NOT A PLAN INVESTOR OR
THAT AN EXEMPTION FROM THE PROHIBITED TRANSACTION RULES OF ERISA AND
THE CODE APPLIES TO THE ACQUISITION, HOLDING, AND RESALE OF SUCH
CERTIFICATE AND TRANSACTIONS IN CONNECTION WITH THE SERVICING,
MANAGEMENT AND OPERATION OF THE TRUST.
B-7-1
ABFC ASSET-BACKED CERTIFICATES
SERIES 2004-FF1, CLASS M-7
evidencing a beneficial ownership interest in a Trust Fund consisting primarily
of a pool of conventional fixed-rate and adjustable-rate one- to four-family
first lien mortgage loans formed and sold by
ASSET BACKED FUNDING CORPORATION
Series 2004-FF1, Class M-7 Original Class Certificate Principal Balance of the
Class M-7 Certificates as of the Closing Date:
Certificate Interest Rate: Floating $5,062,000
Date of Pooling and Servicing Agreement and Cut-off Date: Initial Certificate Principal Balance: $[ ]
July 1, 2004
Servicer: Countrywide Home Loans Servicing LP
First Distribution Date: August 25, 2004
Trustee: JPMorgan Chase Bank
No.
Closing Date: July 30, 2004
CUSIP: 04542B HT 2
ISIN: US04542BHT26
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE
LESS THAN THE AMOUNT SHOWN ABOVE.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN
ASSET BACKED FUNDING CORPORATION, THE SERVICER, THE TRUSTEE OR ANY OF
THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED BY ANY AGENCY OR
INSTRUMENTALITY OF THE UNITED STATES.
This certifies that _________________ is the registered owner of a
Percentage Interest (obtained by dividing the Initial Certificate Principal
Balance of this Certificate by the Original Class Certificate Principal Balance
of the Class M-7 Certificates) in that certain beneficial ownership interest
evidenced by all the Class M-7 Certificates in the Trust Fund created pursuant
to a Pooling and Servicing Agreement, dated as specified above (the
"Agreement"), among Asset Backed Funding Corporation (hereinafter called the
"Depositor," which term includes any successor entity under the Agreement), the
Servicer and the Trustee, a summary of certain of the pertinent provisions of
which is set forth hereafter. To the extent not defined herein, the capitalized
terms used herein have the meanings assigned in the Agreement. This Certificate
is issued under and is subject to the terms, provisions and conditions of the
Agreement, to which Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
B-7-2
Pursuant to the terms of the Agreement, distributions will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (a "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered on the Business Day immediately preceding such
Distribution Date (the "Record Date"), from funds in the Distribution Account in
an amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to the Holders of Class
M-7 Certificates on such Distribution Date pursuant to the Agreement; provided,
however, that if any Class M-7 Certificate becomes a Definitive Certificate, the
Record Date for such Certificate will be the last Business Day of the month
immediately preceding the month in which the related Distribution Date occurs.
All distributions to the Holder of this Certificate under the Agreement
will be made or caused to be made by or on behalf of the Trustee by wire
transfer in immediately available funds to the account of the Person entitled
thereto if such Person shall have so notified the Certificate Registrar in
writing at least five Business Days prior to the Record Date immediately prior
to such Distribution Date and is the registered owner of Class M-7 Certificates,
or by check mailed by first class mail to the address of the Person entitled
thereto, as such name and address shall appear on the Certificate Register,
provided that the Certificate Registrar may deduct a reasonable wire transfer
fee from any payment made by wire transfer. Notwithstanding the above, the final
distribution on this Certificate will be made after due notice by the Trustee of
the pendency of such distribution and only upon presentation and surrender of
this Certificate at the office or agency appointed by the Trustee for that
purpose as provided in the Agreement.
The Certificate Interest Rate for the Class M-7 Certificates for each
Distribution Date will be the least of (i) One-Month LIBOR as of the related
LIBOR Determination Date plus the Class M-7 Certificate Margin, (ii) the Pool
Maximum Rate Cap and (iii) the Pool Cap. Interest will accrue on the Class M-7
Certificates during each Interest Accrual Period at the Certificate Interest
Rate.
This Certificate is one of a duly authorized issue of Certificates
designated as ABFC Asset-Backed Certificates of the Series specified on the face
hereof (herein called the "Certificates") and representing a Percentage Interest
in the Class M-7 Certificates.
The Class M-7 Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Collection Accounts and the Distribution Account
may be made from time to time for purposes other than distributions to
Certificateholders, such purposes including reimbursement of advances made, or
certain expenses incurred, with respect to the Mortgage Loans.
This certificate is subordinated in right of payment to the Class A
Certificates, Class M-1 Certificate, Class M-2 Certificates, Class M-3
Certificates, Class M-4 Certificates, Class M-5 Certificates and Class M-6
Certificates as described in the Agreement referred to herein.
B-7-3
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Depositor, the Servicer, the Trustee and the rights of the Certificateholders
under the Agreement at any time by the Depositor, the Servicer and the Trustee
with the consent of the Holders of Certificates entitled to the Voting Rights
identified in the Agreement. Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
As provided in the Agreement and subject to certain limitations therein
set forth, the transfer of this Certificate is registrable in the Certificate
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies appointed by the Trustee as provided in the Agreement, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Certificate
Registrar duly executed by, the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.
The Certificates are issuable in fully registered form only without
coupons in Classes and denominations representing Percentage Interests specified
in the Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for new
Certificates of the same Class in authorized denominations evidencing the same
aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or
exchange of Certificates, but the Certificate Registrar may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and the Certificate Registrar
and any agent of the Depositor, the Servicer, the Trustee or the Certificate
Registrar may treat the Person in whose name this Certificate is registered as
the owner hereof for all purposes, and none of the Depositor, the Servicer, the
Trustee, the Certificate Registrar nor any such agent shall be affected by
notice to the contrary.
The obligations created by the Agreement and the Trust Fund created
thereby shall terminate upon payment to the Certificateholders of all amounts
held by or on behalf of the Trustee and required to be paid to them pursuant to
the Agreement following the earlier of (i) the final payment or other
liquidation (or any advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund, and (ii) the purchase by the party designated in
the Agreement at a price determined as provided in the Agreement from the Trust
Fund of all Mortgage Loans and all property acquired in respect of such Mortgage
Loans. The Agreement permits, but does not require, the party designated in the
Agreement to purchase from the Trust Fund all Mortgage Loans and all property
acquired in respect of any Mortgage Loan at a price determined as provided in
the Agreement. The exercise of such right will effect early retirement of the
Certificates; however, such right to purchase is subject to the aggregate Pool
Balance of the Mortgage Loans at the time of purchase being 10% or less of the
Cut-off Date Aggregate Principal Balance.
B-7-4
The recitals contained herein shall be taken as statements of the
Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.
B-7-5
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
JPMORGAN CHASE BANK, as Trustee
By:
-----------------------------
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned
Agreement.
JPMORGAN CHASE BANK, as Certificate Registrar
By:
------------------------------------------
Authorized Signatory
Date of authentication:
B-7-6
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian
---------
(Cust) (Minor)
TEN ENT - as tenants by the entireties under Uniform Gifts
to Minors Act
JT TEN - as joint tenants with right
of survivorship and not as ----------------
tenants in common (State)
Additional abbreviations may also be used though not in the above list.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(Please print or typewrite name, address including postal zip code, and Taxpayer
Identification Number of assignee) a Percentage Interest equal to ____%
evidenced by the within asset-backed Certificate and hereby authorize(s) the
registration of transfer of such interest to assignee on the Certificate
Register of the Trust Fund.
I (we) further direct the Certificate Registrar to issue a new
Certificate of a like Percentage Interest and Class to the above named assignee
and deliver such Certificate to the following address:
________________________________________________________________________________
Dated:
--------------------------------------
Signature by or on behalf of assignor
--------------------------------------
Signature Guaranteed
B-7-7
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in
immediately available funds to _________________________________________________
________________________________________________________________________________
for the account of _________________________, account number __________________,
or, if mailed by check, to ____________________________________________________.
Applicable statements should be mailed to ______________________________________
This information is provided by _______________________________________________,
the assignee named above, or ____________________________________, as its agent.
B-7-8
EXHIBIT C-1
[FORM OF CLASS CE CERTIFICATES]
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A
DIRECT OR INDIRECT BENEFICIAL INTEREST IN A "REGULAR INTEREST" IN A
"REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED,
RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE") AND CERTAIN OTHER PROPERTY.
THIS CLASS CE CERTIFICATE IS SUBORDINATE TO THE OFFERED CERTIFICATES OF
THIS SERIES TO THE EXTENT DESCRIBED HEREIN AND IN THE POOLING AND
SERVICING AGREEMENT REFERRED TO HEREIN.
THIS CLASS CE CERTIFICATE WILL NOT BE ENTITLED TO PAYMENTS UNTIL SUCH
TIME AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO
HEREIN.
THIS CLASS CE CERTIFICATE HAS NOT BEEN REGISTERED OR QUALIFIED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR THE
SECURITIES LAWS OF ANY STATE. ANY RESALE, TRANSFER OR OTHER DISPOSITION
OF THIS CERTIFICATE WITHOUT SUCH REGISTRATION OR QUALIFICATION MAY BE
MADE ONLY IN A TRANSACTION THAT DOES NOT REQUIRE SUCH REGISTRATION OR
QUALIFICATION AND IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF
THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER
RETIREMENT ARRANGEMENT SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT
INCOME SECURITY ACT OF 1974, AS AMENDED, SECTION 4975 OF THE CODE OR
ANY MATERIALLY SIMILAR PROVISIONS OF APPLICABLE FEDERAL, STATE OR LOCAL
LAW WILL BE REGISTERED EXCEPT AS PROVIDED IN THE POOLING AND SERVICING
AGREEMENT.
C-1-1
ABFC ASSET-BACKED CERTIFICATES
SERIES 2004-FF1, CLASS CE
evidencing a beneficial ownership interest in a Trust Fund consisting primarily
of a pool of conventional fixed-rate and adjustable-rate one- to four-family
first lien mortgage loans formed and sold by
ASSET BACKED FUNDING CORPORATION
Series 2004-FF1, Class CE Servicer: Countrywide Home Loans
Servicing LP
Date of Pooling and Servicing Agreement and Trustee: JPMorgan Chase Bank
Cut-off Date: July 1, 2004
First Distribution Date: August 25, 2004 Closing Date: July 30, 2004
No.
Percentage Interest: 100%
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN
ASSET BACKED FUNDING CORPORATION, THE SERVICER, THE TRUSTEE OR ANY OF
THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED BY ANY AGENCY OR
INSTRUMENTALITY OF THE UNITED STATES.
This certifies that __________________________________ is the
registered owner of a Percentage Interest set forth above in that certain
beneficial ownership interest evidenced by all the Class CE Certificates in the
Trust Fund created pursuant to a Pooling and Servicing Agreement, dated as
specified above (the "Agreement"), among Asset Backed Funding Corporation
(hereinafter called the "Depositor," which term includes any successor entity
under the Agreement), the Servicer and the Trustee, a summary of certain of the
pertinent provisions of which is set forth hereafter. To the extent not defined
herein, the capitalized terms used herein have the meanings assigned in the
Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of the acceptance hereof assents and by which such
Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (a "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered on the last Business Day of the month immediately
preceding the month in which the related Distribution Date occurs (the "Record
Date"), from funds in the Distribution Account in an amount equal to the product
of the Percentage Interest evidenced by this Certificate and the amount required
to be distributed to the Holders of Class CE Certificates on such Distribution
Date pursuant to the Agreement.
C-1-2
All distributions to the Holder of this Certificate under the Agreement
will be made or caused to be made by or on behalf of the Trustee by wire
transfer in immediately available funds to the account of the Person entitled
thereto if such Person shall have so notified the Certificate Registrar in
writing at least five Business Days prior to the Record Date immediately prior
to such Distribution Date and is the registered owner of Class CE Certificates,
or by check mailed by first class mail to the address of the Person entitled
thereto, as such name and address shall appear on the Certificate Register,
provided that the Certificate Registrar may deduct a reasonable wire transfer
fee from any payment made by wire transfer. Notwithstanding the above, the final
distribution on this Certificate will be made after due notice by the Trustee of
the pendency of such distribution and only upon presentation and surrender of
this Certificate at the office or agency appointed by the Trustee for that
purpose as provided in the Agreement.
This Certificate is one of a duly authorized issue of Certificates
designated as ABFC Mortgage Loan Asset-Backed Certificates of the Series
specified on the face hereof (herein called the "Certificates") and representing
the Percentage Interest specified on the face hereof.
The Class CE Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Collection Accounts and the Distribution Account
may be made from time to time for purposes other than distributions to
Certificateholders, such purposes including reimbursement of advances made, or
certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Depositor, the Servicer, the Trustee and the rights of the Certificateholders
under the Agreement at any time by the Depositor, the Servicer and the Trustee
with the consent of the Holders of Certificates entitled to the Voting Rights
identified in the Agreement. Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
As provided in the Agreement and subject to certain limitations therein
set forth, the transfer of this Certificate is registrable in the Certificate
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies appointed by the Trustee as provided in the Agreement, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Certificate
Registrar duly executed by, the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.
C-1-3
The Certificates are issuable in fully registered form only without
coupons in Classes and denominations representing Percentage Interests specified
in the Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for new
Certificates of the same Class in authorized denominations evidencing the same
aggregate Percentage Interest, as requested by the Holder surrendering the same.
No transfer of this Certificate shall be made unless that transfer is
made pursuant to an effective registration statement under the 1933 Act and
effective registration or qualification under applicable state securities laws,
or is made in a transaction that does not require such registration or
qualification. In the event that a transfer is to be made without registration
or qualification, the Certificate Registrar shall require, in order to assure
compliance with such laws, either (i) that the Certificateholder desiring to
effect the transfer and such Certificateholder's prospective transferee each
execute a representation letter in the form described by the Agreement
certifying to the Certificate Registrar the facts surrounding the transfer, or
(ii) unless such transfer is made in reliance upon Rule 144A under the 1933 Act,
that the Depositor and the Certificate Registrar receive an Opinion of Counsel
satisfactory to them that such transfer may be made without such registration or
qualification, which Opinion of Counsel shall not be an expense of the
Depositor, the Trustee or the Certificate Registrar, in their respective
capacities as such. None of the Depositor, the Certificate Registrar or the
Trustee is obligated to register or qualify the Class of Certificates specified
on the face hereof under the 1933 Act or any other securities law or to take any
action not otherwise required under the Agreement to permit the transfer of such
Certificates without registration or qualification. Any such Certificateholder
desiring to effect such transfer shall, and does hereby agree to, indemnify the
Trustee, the Depositor, the Certificate Registrar and any Servicer against any
liability that may result if the transfer is not so exempt or is not made in
accordance with such federal and state laws.
No transfer of a Certificate or any interest therein may be made to
employee benefit plans and certain other retirement plans and arrangements,
including individual retirement accounts and annuities, Xxxxx plans and
collective investment funds and separate accounts in which such plans, accounts
or arrangements are invested that are subject to the fiduciary responsibility
provisions of ERISA, Section 4975 of the Code or any materially similar
provisions of applicable federal, state or local law (collectively, "Plans") or
any person who is directly or indirectly purchasing the Certificate or interest
therein on behalf of, as named fiduciary of, as trustee of, or with assets of a
Plan except as provided in the Pooling and Servicing Agreement.
No service charge will be made for any such registration of transfer or
exchange of Certificates, but the Trustee may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in
connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and the Certificate Registrar
and any agent of the Depositor, the Servicer, the Trustee or the Certificate
Registrar may treat the Person in whose name this Certificate is registered as
the owner hereof for all purposes, and none of the Depositor, the Servicer, the
Trustee, the Certificate Registrar nor any such agent shall be affected by
notice to the contrary.
C-1-4
The obligations created by the Agreement and the Trust Fund created
thereby shall terminate upon payment to the Certificateholders of all amounts
held by or on behalf of the Trustee and required to be paid to them pursuant to
the Agreement following the earlier of (i) the final payment or other
liquidation (or any advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund, and (ii) the purchase by the party designated in
the Agreement at a price determined as provided in the Agreement from the Trust
Fund of all Mortgage Loans and all property acquired in respect of such Mortgage
Loans. The Agreement permits, but does not require, the party designated in the
Agreement to purchase from the Trust Fund all Mortgage Loans and all property
acquired in respect of any Mortgage Loan at a price determined as provided in
the Agreement. The exercise of such right will effect early retirement of the
Certificates; however, such right to purchase is subject to the aggregate Pool
Balance of the Mortgage Loans at the time of purchase being 10% or less of the
Cut-off Date Aggregate Principal Balance.
The recitals contained herein shall be taken as statements of the
Depositor and the Trustee assume no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.
C-1-5
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
JPMORGAN CHASE BANK, as Trustee
By:
----------------------------
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned
Agreement.
Dated:
JPMORGAN CHASE BANK, as Certificate
Registrar
By:
-----------------------------
Authorized Signatory
C-1-6
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian
---------
(Cust) (Minor)
TEN ENT - as tenants by the entireties under Uniform Gifts
to Minors Act
JT TEN - as joint tenants with right
of survivorship and not as ----------------
tenants in common (State)
Additional abbreviations may also be used though not in the above list.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(Please print or typewrite name, address including postal zip code, and Taxpayer
Identification Number of assignee)___________________________________________ a
Percentage Interest equal to ____% evidenced by the within asset-backed
Certificate and hereby authorize(s) the registration of transfer of such
interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Certificate Registrar to issue a new
Certificate of a like Percentage Interest and Class to the above named assignee
and deliver such Certificate to the following address:
________________________________________________________________________________
Dated:
-------------------------------------------------
Signature by or on behalf of assignor
-------------------------------------------------
Signature Guaranteed
C-1-7
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in
immediately available funds to ________________________________________________
_______________________________________________________________________________
for the account of _______________________________, account number ____________,
or, if mailed by check, to ________________________________________. Applicable
statements should be mailed to_________________________________________________
This information is provided by _______________________________________________,
the assignee named above, or _________________________________, as its agent.
C-1-8
EXHIBIT C-2
[FORM OF CLASS P CERTIFICATE]
THIS CLASS P CERTIFICATE HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR THE SECURITIES
LAWS OF ANY STATE. ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS
CERTIFICATE WITHOUT SUCH REGISTRATION OR QUALIFICATION MAY BE MADE ONLY
IN A TRANSACTION THAT DOES NOT REQUIRE SUCH REGISTRATION OR
QUALIFICATION AND IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF
THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER
RETIREMENT ARRANGEMENT SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT
INCOME SECURITY ACT OF 1974, AS AMENDED, SECTION 4975 OF THE CODE OR
ANY MATERIALLY SIMILAR PROVISIONS OF APPLICABLE FEDERAL, STATE OR LOCAL
LAW WILL BE REGISTERED EXCEPT AS PROVIDED IN THE POOLING AND SERVICING
AGREEMENT.
C-2-1
ABFC ASSET-BACKED CERTIFICATES
SERIES 2004-FF1, CLASS P
evidencing a beneficial ownership interest in a Trust Fund consisting primarily
of a pool of conventional fixed-rate and adjustable-rate one- to four-family
first lien mortgage loans formed and sold by
ASSET BACKED FUNDING CORPORATION
Series 2004-FF1, Class P Servicer: Countrywide Home Loans
Servicing LP
Date of Pooling and Servicing Agreement Trustee: JPMorgan Chase Bank
and Cut-off Date: July 1, 2004
First Distribution Date: August 25, 2004 Closing Date: July 30, 2004
No.
Percentage Interest: 100%
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN
ASSET BACKED FUNDING CORPORATION, THE SERVICER, THE TRUSTEE OR ANY OF
THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED BY ANY AGENCY OR
INSTRUMENTALITY OF THE UNITED STATES.
This certifies that __________________________________ is the
registered owner of a Percentage Interest set forth above in that certain
beneficial ownership interest evidenced by all the Class P Certificates in the
Trust Fund created pursuant to a Pooling and Servicing Agreement, dated as
specified above (the "Agreement"), among Asset Backed Funding Corporation
(hereinafter called the "Depositor," which term includes any successor entity
under the Agreement), the Servicer and the Trustee, a summary of certain of the
pertinent provisions of which is set forth hereafter. To the extent not defined
herein, the capitalized terms used herein have the meanings assigned in the
Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of the acceptance hereof assents and by which such
Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (a "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered on the last Business Day of the month immediately
preceding the month in which the related Distribution Date occurs (the "Record
Date"), from Prepayment Charges, Originator Prepayment Charge Payment Amounts
and Servicer Prepayment Charge Payment Amounts in the Distribution Account in an
amount equal to the product of the Percentage Interest evidenced by this
Certificate and the amount required to be distributed to the Holders of Class P
Certificates on such Distribution Date pursuant to the Agreement.
C-2-2
All distributions to the Holder of this Certificate under the Agreement
will be made or caused to be made by or on behalf of the Trustee by wire
transfer in immediately available funds to the account of the Person entitled
thereto if such Person shall have so notified the Certificate Registrar in
writing at least five Business Days prior to the Record Date immediately prior
to such Distribution Date and is the registered owner of Class P Certificates,
or by check mailed by first class mail to the address of the Person entitled
thereto, as such name and address shall appear on the Certificate Register,
provided that the Certificate Registrar may deduct a reasonable wire transfer
fee from any payment made by wire transfer. Notwithstanding the above, the final
distribution on this Certificate will be made after due notice by the Trustee of
the pendency of such distribution and only upon presentation and surrender of
this Certificate at the office or agency appointed by the Trustee for that
purpose as provided in the Agreement.
This Certificate is one of a duly authorized issue of Certificates
designated as ABFC Asset-Backed Certificates of the Series specified on the face
hereof (herein called the "Certificates") and representing the Percentage
Interest specified on the face hereof.
The Class P Certificates are limited in right of payment to Prepayment
Charges received on the Mortgage Loans, Originator Prepayment Charge Payment
Amounts and Servicer Prepayment Charge Payment Amounts, all as more specifically
set forth herein and in the Agreement. As provided in the Agreement, withdrawals
from the Collection Accounts and the Distribution Account may be made from time
to time for purposes other than distributions to Certificateholders, such
purposes including reimbursement of advances made, or certain expenses incurred,
with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Depositor, the Servicer, the Trustee and the rights of the Certificateholders
under the Agreement at any time by the Depositor, the Servicer and the Trustee
with the consent of the Holders of Certificates entitled to the Voting Rights
identified in the Agreement. Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
As provided in the Agreement and subject to certain limitations therein
set forth, the transfer of this Certificate is registrable in the Certificate
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies appointed by the Trustee as provided in the Agreement, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Certificate
Registrar duly executed by, the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.
The Certificates are issuable in fully registered form only without
coupons in Classes and denominations representing Percentage Interests specified
in the Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for new
Certificates of the same Class in authorized denominations evidencing the same
aggregate Percentage Interest, as requested by the Holder surrendering the same.
C-2-3
No transfer of this Certificate shall be made unless that transfer is
made pursuant to an effective registration statement under the 1933 Act and
effective registration or qualification under applicable state securities laws,
or is made in a transaction that does not require such registration or
qualification. In the event that a transfer is to be made without registration
or qualification, the Certificate Registrar shall require, in order to assure
compliance with such laws, either (i) that the Certificateholder desiring to
effect the transfer and such Certificateholder's prospective transferee each
execute a representation letter in the form described by the Agreement
certifying to the Certificate Registrar the facts surrounding the transfer, or
(ii) unless such transfer is made in reliance upon Rule 144A under the 1933 Act,
that the Depositor and the Certificate Registrar receive an Opinion of Counsel
satisfactory to them that such transfer may be made without such registration or
qualification, which Opinion of Counsel shall not be an expense of the
Depositor, the Trustee or the Certificate Registrar, in their respective
capacities as such. None of the Depositor, the Certificate Registrar or the
Trustee is obligated to register or qualify the Class of Certificates specified
on the face hereof under the 1933 Act or any other securities law or to take any
action not otherwise required under the Agreement to permit the transfer of such
Certificates without registration or qualification. Any such Certificateholder
desiring to effect such transfer shall, and does hereby agree to, indemnify the
Trustee, the Depositor, the Certificate Registrar and any Servicer against any
liability that may result if the transfer is not so exempt or is not made in
accordance with such federal and state laws.
No transfer of a Certificate or any interest therein may be made to
employee benefit plans and certain other retirement plans and arrangements,
including individual retirement accounts and annuities, Xxxxx plans and
collective investment funds and separate accounts in which such plans, accounts
or arrangements are invested that are subject to the fiduciary responsibility
provisions of ERISA, Section 4975 of the Code or any materially similar
provisions of applicable federal, state or local law (collectively, "Plans") or
any person who is directly or indirectly purchasing the Certificate or interest
therein on behalf of, as named fiduciary of, as trustee of, or with assets of a
Plan.
No service charge will be made for any such registration of transfer or
exchange of Certificates, but the Certificate Registrar may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and the Certificate Registrar
and any agent of the Depositor, the Servicer, the Trustee or the Certificate
Registrar may treat the Person in whose name this Certificate is registered as
the owner hereof for all purposes, and none of the Depositor, the Servicer, the
Trustee, the Certificate Registrar or any such agent shall be affected by notice
to the contrary.
C-2-4
The obligations created by the Agreement and the Trust Fund created
thereby shall terminate upon payment to the Certificateholders of all amounts
held by or on behalf of the Trustee and required to be paid to them pursuant to
the Agreement following the earlier of (i) the final payment or other
liquidation (or any advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund, and (ii) the purchase by the party designated in
the Agreement at a price determined as provided in the Agreement from the Trust
Fund of all Mortgage Loans and all property acquired in respect of such Mortgage
Loans. The Agreement permits, but does not require, the party designated in the
Agreement to purchase from the Trust Fund all Mortgage Loans and all property
acquired in respect of any Mortgage Loan at a price determined as provided in
the Agreement. The exercise of such right will effect early retirement of the
Certificates; however, such right to purchase is subject to the aggregate Pool
Balance of the Mortgage Loans at the time of purchase being 10% or less of the
Cut-off Date Aggregate Principal Balance.
The recitals contained herein shall be taken as statements of the
Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.
C-2-5
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
JPMORGAN CHASE BANK, as Trustee
By:
------------------------------
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned
Agreement.
Dated:
JPMORGAN CHASE BANK, as Certificate
Registrar
By:
--------------------------------
Authorized Signatory
C-2-6
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian
---------
(Cust) (Minor)
TEN ENT - as tenants by the entireties under Uniform Gifts
to Minors Act
JT TEN - as joint tenants with right ________________
of survivorship and not as (State)
tenants in common
Additional abbreviations may also be used though not in the above list.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto _______________________________________________________________
________________________________________________________________________________
(Please print or typewrite name, address including postal zip code, and Taxpayer
Identification Number of assignee)______________________________________________
a Percentage Interest equal to ____% evidenced by the within asset-backed
Certificate and hereby authorize(s) the registration of transfer of such
interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Certificate Registrar to issue a new
Certificate of a like Percentage Interest and Class to the above named assignee
and deliver such Certificate to the following address:
________________________________________________________________________________
Dated:
-------------------------------------------------
Signature by or on behalf of assignor
-------------------------------------------------
Signature Guaranteed
C-2-7
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in
immediately available funds to ________________________________________________
_______________________________________________________________________________
for the account of _______________________________, account number ____________,
or, if mailed by check, to ________________________________________. Applicable
statements should be mailed to_________________________________________________
This information is provided by _______________________________________________,
the assignee named above, or _________________________________, as its agent.
C-2-8
EXHIBIT C-3
[FORM OF CLASS R CERTIFICATE]
THIS CERTIFICATE MAY NOT BE TRANSFERRED TO A NON-UNITED STATES PERSON.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS THE
"RESIDUAL INTEREST" IN TWO SEPARATE "REAL ESTATE MORTGAGE INVESTMENT
CONDUITS," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE").
THIS CLASS R CERTIFICATE IS SUBORDINATE TO THE OFFERED CERTIFICATES OF
THIS SERIES TO THE EXTENT DESCRIBED HEREIN AND IN THE POOLING AND
SERVICING AGREEMENT REFERRED TO HEREIN.
THIS CLASS R CERTIFICATE WILL NOT BE ENTITLED TO PAYMENTS UNTIL SUCH
TIME AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO
HEREIN.
THIS CLASS R CERTIFICATE HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR THE SECURITIES
LAWS OF ANY STATE. ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS
CERTIFICATE WITHOUT SUCH REGISTRATION OR QUALIFICATION MAY BE MADE ONLY
IN A TRANSACTION THAT DOES NOT REQUIRE SUCH REGISTRATION OR
QUALIFICATION AND IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF
THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER
RETIREMENT ARRANGEMENT SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT
INCOME SECURITY ACT OF 1974, AS AMENDED, SECTION 4975 OF THE CODE OR
ANY MATERIALLY SIMILAR PROVISIONS OF APPLICABLE FEDERAL, STATE OR LOCAL
LAW WILL BE REGISTERED.
C-3-1
ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CLASS R CERTIFICATE
MAY BE MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES (1) AN AFFIDAVIT
TO THE CERTIFICATE REGISTRAR THAT SUCH TRANSFEREE IS NOT (A) THE UNITED
STATES, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN
GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR
INSTRUMENTALITY OF ANY OF THE FOREGOING, (B) ANY ORGANIZATION (OTHER
THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) WHICH IS
EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH
ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE,
(C) ANY ORGANIZATION DESCRIBED IN SECTION 1381(A)(2)(C) OF THE CODE
(ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (A), (B) OR (C)
BEING HEREINAFTER REFERRED TO AS A "DISQUALIFIED ORGANIZATION"), OR (D)
AN AGENT OF A DISQUALIFIED ORGANIZATION AND (2) NO PURPOSE OF SUCH
TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX, AND (3) SUCH
TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE
FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE. NOTWITHSTANDING THE
REGISTRATION IN THE CERTIFICATE REGISTER OR ANY TRANSFER, SALE OR OTHER
DISPOSITION OF THIS CLASS R CERTIFICATE TO A DISQUALIFIED ORGANIZATION
OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION SHALL BE
DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON
SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE
HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS
ON THIS CERTIFICATE. EACH HOLDER OF THE CLASS R CERTIFICATE BY
ACCEPTANCE OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE CONSENTED TO THE
PROVISIONS OF THIS PARAGRAPH AND THE PROVISIONS OF SECTION 5.02(D) OF
THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. ANY PERSON THAT
IS A DISQUALIFIED ORGANIZATION IS PROHIBITED FROM ACQUIRING BENEFICIAL
OWNERSHIP OF THIS CLASS R CERTIFICATE.
C-3-2
ABFC ASSET-BACKED CERTIFICATES
SERIES 2004-FF1, CLASS R
evidencing a beneficial ownership interest in a Trust Fund consisting primarily
of a pool of conventional fixed-rate and adjustable-rate one- to four-family
first lien mortgage loans formed and sold by
ASSET BACKED FUNDING CORPORATION
Series 2004-FF1, Class R Servicer: Countrywide Home Loans
Servicing LP
Date of Pooling and Servicing Agreement Trustee: JPMorgan Chase Bank
and Cut-off Date: July 1, 2004
First Distribution Date: August 25, 2004 Closing Date: July 30, 2004
No.
Percentage Interest: 100%
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN
ASSET BACKED FUNDING CORPORATION, THE SERVICER, THE TRUSTEE OR ANY OF
THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED BY ANY AGENCY OR
INSTRUMENTALITY OF THE UNITED STATES.
This certifies that _______________________ is the registered owner of
100% Percentage Interest in that certain beneficial ownership interest evidenced
by the Class R Certificate in the Trust Fund created pursuant to a Pooling and
Servicing Agreement, dated as specified above (the "Agreement"), among Asset
Backed Funding Corporation (hereinafter called the "Depositor," which term
includes any successor entity under the Agreement), the Servicer and the
Trustee, a summary of certain of the pertinent provisions of which is set forth
hereafter. To the extent not defined herein, the capitalized terms used herein
have the meanings assigned in the Agreement. This Certificate is issued under
and is subject to the terms, provisions and conditions of the Agreement, to
which Agreement the Holder of this Certificate by virtue of the acceptance
hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on
the 25th day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (a "Distribution Date"), commencing on the
first Distribution Date specified above, to the Person in whose name this
Certificate is registered on the last Business Day of the month immediately
preceding the month in which the related Distribution Date occurs (the "Record
Date"), from funds in the Distribution Account in the amount required to be
distributed to the Holder of Class R Certificate on such Distribution Date
pursuant to the Agreement.
C-3-3
All distributions to the Holder of this Certificate under the Agreement
will be made or caused to be made by or on behalf of the Trustee by wire
transfer in immediately available funds to the account of the Person entitled
thereto if such Person shall have so notified the Certificate Registrar in
writing at least five Business Days prior to the Record Date immediately prior
to such Distribution Date and is the registered owner of Class R Certificate, or
by check mailed by first class mail to the address of the Person entitled
thereto, as such name and address shall appear on the Certificate Register,
provided that the Certificate Registrar may deduct a reasonable wire transfer
fee from any payment made by wire transfer. Notwithstanding the above, the final
distribution on this Certificate will be made after due notice by the Trustee of
the pendency of such distribution and only upon presentation and surrender of
this Certificate at the office or agency appointed by the Trustee for that
purpose as provided in the Agreement.
This Certificate is one of a duly authorized issue of Certificates
designated as ABFC Asset-Backed Certificates of the Series specified on the face
hereof (herein called the "Certificates") and representing the Percentage
Interest specified on the face hereof.
The Class R Certificate is limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Agreement. As provided in the
Agreement, withdrawals from the Collection Accounts and the Distribution Account
may be made from time to time for purposes other than distributions to
Certificateholders, such purposes including reimbursement of advances made, or
certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Depositor, the Servicer, the Trustee and the rights of the Certificateholders
under the Agreement at any time by the Depositor, the Servicer and the Trustee
with the consent of the Holders of Certificates entitled to the Voting Rights
identified in the Agreement. Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in
certain limited circumstances, without the consent of the Holders of any of the
Certificates.
As provided in the Agreement and subject to certain limitations therein
set forth, the transfer of this Certificate is registrable in the Certificate
Register upon surrender of this Certificate for registration of transfer at the
offices or agencies appointed by the Trustee as provided in the Agreement, duly
endorsed by, or accompanied by an assignment in the form below or other written
instrument of transfer in form satisfactory to the Trustee and the Certificate
Registrar duly executed by, the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized denominations evidencing the same aggregate Percentage
Interest will be issued to the designated transferee or transferees.
The Certificates are issuable in fully registered form only without
coupons in Classes and denominations representing Percentage Interests specified
in the Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for new
Certificates of the same Class in authorized denominations evidencing the same
aggregate Percentage Interest, as requested by the Holder surrendering the same.
C-3-4
No transfer of this Certificate shall be made unless that transfer is
made pursuant to an effective registration statement under the 1933 Act and
effective registration or qualification under applicable state securities laws,
or is made in a transaction that does not require such registration or
qualification. In the event that a transfer is to be made without registration
or qualification, the Certificate Registrar shall require, in order to assure
compliance with such laws, either (i) that the Certificateholder desiring to
effect the transfer and such Certificateholder's prospective transferee each
execute a representation letter in the form described by the Agreement
certifying to the Certificate Registrar the facts surrounding the transfer, or
(ii) unless such transfer is made in reliance upon Rule 144A under the 1933 Act,
that the Depositor and the Certificate Registrar receive an Opinion of Counsel
satisfactory to them that such transfer may be made without such registration or
qualification, which Opinion of Counsel shall not be an expense of the
Depositor, the Trustee or the Certificate Registrar, in their respective
capacities as such. None of the Depositor, the Certificate Registrar or the
Trustee is obligated to register or qualify the Class of Certificates specified
on the face hereof under the 1933 Act or any other securities law or to take any
action not otherwise required under the Agreement to permit the transfer of such
Certificates without registration or qualification. Any such Certificateholder
desiring to effect such transfer shall, and does hereby agree to, indemnify the
Trustee, the Depositor, the Certificate Registrar and any Servicer against any
liability that may result if the transfer is not so exempt or is not made in
accordance with such federal and state laws.
No transfer of this Certificate or any interest therein may be made to
employee benefit plans and certain other retirement plans and arrangements,
including individual retirement accounts and annuities, Xxxxx plans and
collective investment funds and separate accounts in which such plans, accounts
or arrangements are invested that are subject to the fiduciary responsibility
provisions of ERISA, Section 4975 of the Code or any materially similar
provisions of applicable federal, state or local law (collectively, "Plans") or
any person who is directly or indirectly purchasing the Certificate or interest
therein on behalf of, as named fiduciary of, as trustee of, or with assets of a
Plan.
The Holder of this Certificate, by its acceptance hereof, shall be
deemed for all purposes to have consented to the provisions of Section 5.02 of
the Agreement and to any amendment of the Agreement deemed necessary by counsel
of the Depositor to ensure that the transfer of this Certificate to any Person
other than a Permitted Transferee or any other Person will not cause the Trust
to cease to qualify as two separate REMICs or cause the imposition of a tax upon
the Trust.
No service charge will be made for any such registration of transfer or
exchange of Certificates, but the Certificate Registrar may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and the Certificate Registrar
and any agent of the Depositor, the Servicer, the Trustee or the Certificate
Registrar may treat the Person in whose name this Certificate is registered as
the owner hereof for all purposes, and none of the Depositor, the Servicer, the
Trustee, the Certificate Registrar nor any such agent shall be affected by
notice to the contrary.
C-3-5
The obligations created by the Agreement and the Trust Fund created
thereby shall terminate upon payment to the Certificateholders of all amounts
held by or on behalf of the Trustee and required to be paid to them pursuant to
the Agreement following the earlier of (i) the final payment or other
liquidation (or any advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund, and (ii) the purchase by the party designated in
the Agreement at a price determined as provided in the Agreement from the Trust
Fund of all Mortgage Loans and all property acquired in respect of such Mortgage
Loans. The Agreement permits, but does not require, the party designated in the
Agreement to purchase from the Trust Fund all Mortgage Loans and all property
acquired in respect of any Mortgage Loan at a price determined as provided in
the Agreement. The exercise of such right will effect early retirement of the
Certificates; however, such right to purchase is subject to the aggregate Pool
Balance of the Mortgage Loans at the time of purchase being 10% or less of the
Cut-off Date Aggregate Principal Balance.
The recitals contained herein shall be taken as statements of the
Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by
the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.
C-3-6
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
JPMORGAN CHASE BANK, as Trustee
By:
--------------------------------
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is the one of the Certificates referred to in the within-mentioned
Agreement.
Dated:
JPMORGAN CHASE BANK, as Certificate
Registrar
By:
--------------------------------
Authorized Signatory
C-3-7
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian
---------
(Cust) (Minor)
TEN ENT - as tenants by the entireties under Uniform Gifts
to Minors Act
JT TEN - as joint tenants with right ________________
of survivorship and not as (State)
tenants in common
Additional abbreviations may also be used though not in the above list.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto _______________________________________________________________
_______________________________________________________________________________
(Please print or typewrite name, address including postal zip code, and Taxpayer
Identification Number of assignee)______________________________________________
a Percentage Interest equal to ____% evidenced by the within asset-backed
Certificate and hereby authorize(s) the registration of transfer of such
interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Certificate Registrar to issue a new
Certificate of a like Percentage Interest and Class to the above named assignee
and deliver such Certificate to the following address:
________________________________________________________________________________
Dated:
--------------------------------------
Signature by or on behalf of assignor
--------------------------------------
Signature Guaranteed
C-3-8
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in
immediately available funds to ________________________________________________
_______________________________________________________________________________
for the account of _______________________________, account number ____________,
or, if mailed by check, to ________________________________________. Applicable
statements should be mailed to_________________________________________________
This information is provided by _______________________________________________,
the assignee named above, or _________________________________, as its agent.
X-0-0
XXXXXXX X-0
GROUP 1 MORTGAGE LOAN SCHEDULE
Number of Loans 2713
Balance 469,690,775.18
WACC 6.432%
WAM 358.4333133
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
34084418 LANCASTER 93535 CA Single Family Owner Occupied 12/25/1900 4/5/2004
33234667 LAS VEGAS 89139 NV PUD Owner Occupied 12/25/1900 4/20/2004
34110551 LANCASTER 93536 CA Single Family Owner Occupied 12/25/1900 4/9/2004
4000141417 HAYWARD 94541 CA Condo Owner Occupied 12/25/1900 4/21/2004
34263087 XXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 4/29/2004
33840844 RIALTO 92376 CA Single Family Owner Occupied 12/25/1900 4/20/2004
34262659 XXXXXXX XXXX 00000 LA Single Family Owner Occupied 12/25/1900 4/30/2004
33828104 INGLEWOOD 90302 CA Condo Owner Occupied 12/25/1900 4/13/2004
32314130 SHELBY TWP 48123 MI Single Family Owner Occupied 12/25/1900 4/23/2004
33491317 XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/20/2004
34114017 LA XXXXXX 91746 CA Single Family Owner Occupied 12/25/1900 4/9/2004
33750233 EVERETT 98201 WA Single Family Owner Occupied 12/25/1900 4/21/2004
33847963 LAYTON 84041 UT Single Family Second Home 12/25/1900 4/28/2004
33829805 PARAMOUNT 90723 CA Condo Owner Occupied 12/25/1900 4/16/2004
34009217 XXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 4/26/2004
33118068 MAPLE GROVE 55311 MN PUD Owner Occupied 360 4/30/2004
33886896 BOWIE 20720 MD PUD Owner Occupied 12/25/1900 4/26/2004
34117101 LONG BEACH 90802 CA Condo Owner Occupied 12/25/1900 4/27/2004
33953720 ROMOLAND 92585 CA Single Family Owner Occupied 12/25/1900 4/16/2004
4000137430 XXXXXXXXXX 00000 AZ Condo Owner Occupied 12/25/1900 4/26/2004
33985565 XXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/20/2004
33473752 QUARTZ HILL AREA 93536 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33555384 SAN DIEGO 92105 CA Condo Owner Occupied 12/25/1900 4/28/2004
33118290 SAUK RAPIDS 56379 MN Single Family Owner Occupied 12/25/1900 4/30/2004
33494972 NAPA 94558 CA Single Family Owner Occupied 12/25/1900 4/15/2004
34118117 LONG BEACH 90805 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33885849 VIRGINIA BEACH 23464 VA Single Family Owner Occupied 12/25/1900 4/23/2004
0000000000 VALLEJO 94590 CA Single Family Owner Occupied 12/25/1900 4/28/2004
34054189 SAN ANTONIO 78250 TX Single Family Owner Occupied 12/25/1900 4/30/2004
33491150 XXXXXXX 95694 CA Single Family Owner Occupied 12/25/1900 4/27/2004
34163121 XXXXXX XXXXX 00000 IL Single Family Owner Occupied 12/25/1900 4/21/2004
34106138 XXX XXXX XXXX 00000 CA Single Family Owner Occupied 12/25/1900 4/20/2004
34163238 CHICAGO 60632 IL Multi Family - 2 Units Owner Occupied 12/25/1900 4/26/2004
34090001 CANYON COUNTRY 91351 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33848243 SOUTH JORDAN 84095 UT Single Family Owner Occupied 12/25/1900 4/15/2004
34103978 PERRIS 92571 CA Single Family Owner Occupied 12/25/1900 4/14/2004
33953514 MENIFEE 92584 CA PUD Owner Occupied 12/25/1900 4/20/2004
33919754 XXXX XXXX 32746 FL PUD Owner Occupied 12/25/1900 4/23/2004
34166595 XXXXXX 60426 IL Single Family Owner Occupied 12/25/1900 4/30/2004
33964206 XXXXXX 00000 XX XXX Owner Occupied 12/25/1900 4/22/2004
34025056 LINCOLN 2865 RI Single Family Owner Occupied 12/25/1900 4/23/2004
33775255 XXXXXXXX 00000 XX Multi Family - 2 Units Owner Occupied 12/25/1900 5/5/2004
33449497 NEWARK 7105 NJ Multi Family - 2 Units Non-Owner Occupied 12/25/1900 4/29/2004
33955196 MENIFEE 92584 CA Single Family Owner Occupied 12/25/1900 4/22/2004
34050831 XXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/22/2004
33955055 JULIAN 92036 CA Single Family Owner Occupied 12/25/1900 4/20/2004
34086249 ONTARIO 91761 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33955659 VISTA 92084 CA PUD Owner Occupied 12/25/1900 4/22/2004
33953290 ENCINITAS 92024 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33969478 LOVELAND 80537 CO Single Family Owner Occupied 12/25/1900 4/16/2004
34182139 MEMPHIS 38125 TN Single Family Non-Owner Occupied 12/25/1900 4/23/2004
33007352 INDIANAPOLIS 46222 IN Single Family Owner Occupied 12/25/1900 4/22/2004
33532110 CORBIN 40701 KY Single Family Owner Occupied 12/25/1900 4/30/2004
4000125245 ORANGE CITY 32763 FL Single Family Owner Occupied 12/25/1900 4/26/2004
33954918 SPRING VALLEY 91977 CA Condo Owner Occupied 12/25/1900 4/20/2004
33238692 NORTH LAS VEGAS 89031 NV Single Family Owner Occupied 12/25/1900 4/20/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
34084418 6/1/2004 5/1/2034 359 148000 148000 6.25 770.83 6/1/2004 80 0-29
33234667 6/1/2004 5/1/2034 358 152250 152250 5.5 697.81 7/1/2004 79.98844174 0-29
34110551 6/1/2004 5/1/2034 359 264000 263576.51 7.125 1,778.62 6/1/2004 82.5 0-29
4000141417 6/1/2004 5/1/2034 359 232000 232000 5.875 1,135.83 6/1/2004 80 0-29
34263087 6/1/2004 5/1/2034 359 140400 140185.67 7.375 969.71 6/1/2004 100 0-29
33840844 6/1/2004 5/1/2034 359 160000 159716.88 6.625 1,024.50 6/1/2004 73.73271889 0-29
34262659 6/1/2004 5/1/2034 359 116700 116517.37 7.25 796.10 6/1/2004 89.9768697 0-29
33828104 6/1/2004 5/1/2034 359 136000 136000 6.25 708.33 6/1/2004 80 0-29
32314130 6/1/2004 5/1/2034 359 191900 191614.26 7.5 1,341.80 6/1/2004 79.99166319 0-29
33491317 6/1/2004 5/1/2034 359 190400 190400 5.75 912.33 6/1/2004 80 0-29
34114017 6/1/2004 5/1/2034 359 250000 250000 5.625 1,171.88 6/1/2004 65.44502618 0-29
33750233 6/1/2004 5/1/2034 359 155500 155245.51 7.125 1,047.64 6/1/2004 84.9726776 0-29
33847963 6/1/2004 5/1/2034 359 87400 87400 6.75 491.63 6/1/2004 89.97323451 0-29
33829805 6/1/2004 5/1/2034 359 184000 184000 5.5 843.33 6/1/2004 80 0-29
34009217 6/1/2004 5/1/2034 359 91200 90904.07 5.625 525.00 6/1/2004 80 0-29
33118068 6/1/2004 5/1/2034 359.00 133600 133600 5.875 654.08 6/1/2004 3/20/1900 0-29
33886896 6/1/2004 5/1/2034 359 252000 251700 5.875 1,233.75 6/1/2004 90 0-29
34117101 6/1/2004 5/1/2034 359 264000 264000 5.5 1,210.00 6/1/2004 80 0-29
33953720 6/1/2004 5/1/2034 359 236000 236000 5.99 1,178.03 6/1/2004 80 0-29
4000137430 6/1/2004 5/1/2034 359 73600 73426.81 5.125 400.74 6/1/2004 80 0-29
33985565 6/1/2004 5/1/2034 359 220500 220500 7.375 1,355.16 6/1/2004 90 0-29
33473752 6/1/2004 5/1/2034 359 196800 196800 5.125 840.50 6/1/2004 80 0-29
33555384 6/1/2004 5/1/2034 358 215200 215200 5.75 1,031.17 7/1/2004 80 0-29
33118290 6/1/2004 5/1/2034 359 156800 156800 5.25 686.00 6/1/2004 80 0-29
33494972 6/1/2004 5/1/2034 359 185000 184664.6 6.5 1,169.33 6/1/2004 53.62318841 0-29
34118117 6/1/2004 5/1/2034 359 262400 262400 5.75 1,257.33 6/1/2004 80 0-29
33885849 6/1/2004 5/1/2034 359 110000 109819.13 7 731.84 6/1/2004 72.36842105 0-29
0000000000 6/1/2004 5/1/2034 359 176000 176000 5.125 751.67 6/1/2004 80 0-29
34054189 6/1/2004 5/1/2034 359 45500 45437.16 7.875 329.91 6/1/2004 34.86590038 0-29
33491150 6/1/2004 5/1/2034 358 234400 234400 5.5 1,074.33 7/1/2004 80 0-29
34163121 6/1/2004 5/1/2034 359 197100 196827.81 7.875 1,429.12 6/1/2004 90 0-29
34106138 6/1/2004 5/1/2034 359 238000 237578.86 6.625 1,523.95 6/1/2004 85 0-29
34163238 6/1/2004 5/1/2034 359 218000 217691.28 7.75 1,561.78 6/1/2004 87.2 0-29
34090001 6/1/2004 5/1/2034 359 279000 278481.8 6.375 1,740.60 6/1/2004 88.57142857 0-29
33848243 6/1/2004 5/1/2034 359 125600 125600 5.625 588.75 6/1/2004 80 0-29
34103978 6/1/2004 5/1/2034 359 192000 192000 5.5 880.00 6/1/2004 80 0-29
33953514 6/1/2004 5/1/2034 359 260000 260000 5.625 1,218.75 6/1/2004 80 0-29
33919754 6/1/2004 5/1/2034 358 132000 131392.21 7.25 900.48 7/1/2004 94.96402878 0-29
34166595 6/1/2004 5/1/2034 359 72000 71916.84 8.75 566.43 6/1/2004 90 0-29
33964206 6/1/2004 5/1/2034 359 140000 139950 6.125 714.58 6/1/2004 80 0-29
34025056 6/1/2004 5/1/2034 358 180500 180210.44 7.125 1,216.07 7/1/2004 95 0-29
33775255 7/1/2004 6/1/2034 360 385000 384735.04 7.875 2,791.52 7/1/2004 100 0-29
33449497 6/1/2004 5/1/2034 359 356250 355692.48 7.25 2,430.26 6/1/2004 75 0-29
33955196 6/1/2004 5/1/2034 359 240000 240000 5.25 1,050.00 6/1/2004 80 0-29
34050831 6/1/2004 5/1/2034 358 324000 323272.25 5.375 1,814.31 7/1/2004 77.14285714 0-29
33955055 6/1/2004 5/1/2034 359 183850 183576.25 7.5 1,285.51 6/1/2004 61.9023569 0-29
34086249 6/1/2004 5/1/2034 359 204500 204155.4 6.875 1,343.42 6/1/2004 79.8828125 0-29
33955659 6/1/2004 5/1/2034 359 248000 248000 5.99 1,237.93 6/1/2004 80 0-29
33953290 6/1/2004 5/1/2034 359 320000 319211.46 4.875 1,693.47 6/1/2004 49.23076923 0-29
33969478 6/1/2004 5/1/2034 359 247500 247500 4.99 1,029.19 6/1/2004 90 0-29
34182139 6/1/2004 5/1/2034 359 103500 103200.25 7.25 625.31 6/1/2004 75 0-29
33007352 6/1/2004 5/1/2034 359 93500 93383.36 8.375 710.67 6/1/2004 85 0-29
33532110 6/1/2004 5/1/2034 358 73600 73472.9 6.75 477.37 7/1/2004 80 0-29
4000125245 6/1/2004 5/1/2034 359 156750 156750 6.25 816.41 6/1/2004 95 0-29
33954918 6/1/2004 5/1/2034 359 236000 236000 5.625 1,106.25 6/1/2004 80 0-29
33238692 6/1/2004 5/1/2034 359 178500 178205.93 6.99 1,186.37 6/1/2004 70 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
34084418 6ML 4.375 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2009 6
33234667 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34110551 6ML 6 3 7.125 13.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000141417 6ML 4.5 3 5.875 11.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34263087 6ML 6.375 3 7.375 13.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33840844 6ML 5.375 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34262659 6ML 6 3 7.25 13.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33828104 6ML 4.375 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
32314130 6ML 6.5 3 7.5 13.5 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33491317 6ML 4.75 3 5.75 11.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34114017 6ML 3.875 3 5.625 11.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33750233 6ML 6.125 3 7.125 13.125 36 6 mo.s interest less 20% xxxx 5/1/2007 6
33847963 6ML 5.25 3 6.75 12.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33829805 6ML 3.875 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34009217 6ML 4.125 3 5.625 11.625 0 None 5/1/2006 6
33118068 6ML 4.625 3 5.875 11.875 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33886896 6ML 4.625 3 5.875 11.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34117101 6ML 3.875 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33953720 6ML 4.375 3 5.99 11.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000137430 6ML 4.25 3 5.125 11.125 36 6 mo.s interest less 20% xxxx 5/1/2007 6
33985565 6ML 6.375 3 7.375 13.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33473752 6ML 3.75 3 5.125 11.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33555384 6ML 4.125 3 5.75 11.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33118290 6ML 4.25 3 5.25 11.25 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33494972 6ML 4.5 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34118117 6ML 3.875 3 5.75 11.75 36 6 mo.s interest less 20% xxxx 5/1/2009 6
33885849 6ML 5.125 3 7 13 24 6 mo.s interest less 20% xxxx 5/1/2006 6
0000000000 6ML 3.5 3 5.125 11.125 24 6 mo.s interest less 20% xxxx 5/1/2009 6
34054189 6ML 5.625 3 7.875 13.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33491150 6ML 4.625 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34163121 6ML 6.25 3 7.875 13.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34106138 6ML 5.625 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34163238 6ML 6.75 3 7.75 13.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34090001 6ML 5.625 3 6.375 12.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33848243 6ML 4.125 3 5.625 11.625 36 6 mo.s interest less 20% xxxx 5/1/2006 6
34103978 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33953514 6ML 3.875 3 5.625 11.625 36 6 mo.s interest less 20% xxxx 5/1/2009 6
33919754 6ML 6.25 3 7.25 13.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34166595 6ML 7.5 3 8.75 14.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33964206 6ML 4.5 3 6.125 12.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34025056 6ML 6.5 3 7.125 13.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33775255 6ML 5.625 3 7.875 13.875 0 None 6/1/2006 6
33449497 6ML 3.875 3 7.25 13.25 0 None 5/1/2006 6
33955196 6ML 4.25 3 5.25 11.25 36 6 mo.s interest less 20% xxxx 5/1/2006 6
34050831 6ML 3.375 3 5.375 11.375 0 None 5/1/2009 6
33955055 6ML 5.25 3 7.5 13.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34086249 6ML 4 3 6.875 12.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33955659 6ML 4.375 3 5.99 11.99 36 6 mo.s interest less 20% xxxx 5/1/2009 6
33953290 6ML 3.375 3 4.875 10.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33969478 6ML 4.5 3 4.99 10.99 24 6 mo.s interest less 20% xxxx 5/1/2007 6
34182139 6ML 4 3 7.25 13.25 0 None 5/1/2006 6
33007352 6ML 6.625 3 8.375 14.375 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33532110 6ML 5.375 3 6.75 12.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
4000125245 6ML 5.5 3 6.25 12.25 36 6 mo.s interest less 20% xxxx 5/1/2007 6
33954918 6ML 3.75 3 5.625 11.625 36 6 mo.s interest less 20% xxxx 5/1/2009 6
33238692 6ML 4.625 3 6.99 12.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
34084418 6 Purchase N Y 60
33234667 6 Purchase N Y 60
34110551 6 X/X Xxxx X X 0
0000000000 0 Xxxxxxxx X Y 60
34263087 6 Purchase N N 0
33840844 6 C/O Refi N N 0
34262659 6 Purchase N N 0
33828104 6 Purchase N Y 60
32314130 6 Purchase N N 0
33491317 6 Purchase N Y 60
34114017 6 C/O Refi N Y 60
33750233 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33829805 6 Purchase N Y 60
34009217 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33886896 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33953720 6 X/X Xxxx X X 00
0000000000 0 Xxxxxxxx X N 0
33985565 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33555384 6 Purchase N Y 60
33118290 6 Purchase N Y 60
33494972 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33885849 6 X/X Xxxx X X 0
0000000000 0 Xxxxxxxx X Y 60
34054189 6 Purchase N N 0
33491150 6 Purchase N Y 60
34163121 6 Purchase N N 0
34106138 6 C/O Refi N N 0
34163238 6 R/T Refi N N 0
34090001 6 C/O Refi N N 0
33848243 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33953514 6 Purchase N Y 60
33919754 6 Purchase N N 0
34166595 6 Purchase N N 0
33964206 6 C/O Refi N Y 60
34025056 6 Purchase N N 0
33775255 6 Purchase N N 0
33449497 6 Purchase N N 0
33955196 6 Purchase N Y 60
34050831 6 C/O Refi N N 0
33955055 6 C/O Refi N N 0
34086249 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33953290 6 C/O Refi N N 0
33969478 6 C/O Refi N Y 60
34182139 6 R/T Refi N Y 60
33007352 6 R/T Refi N N 0
33532110 6 Purchase N N 0
4000125245 6 Purchase N Y 60
33954918 6 Purchase N Y 60
33238692 6 X/X Xxxx X X 0
X-0-0
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33918608 ORLANDO 32837 FL PUD Owner Occupied 12/25/1900 4/26/2004
33815697 XXXXXXX 00000 FL Single Family Owner Occupied 12/25/1900 4/23/2004
33853078 XXXXX 84094 UT Condo Owner Occupied 12/25/1900 4/29/2004
33240037 LAS VEGAS 89123 NV PUD Owner Occupied 12/25/1900 4/22/2004
33357732 XXXXXXXXX 00000 XX Condo Owner Occupied 12/25/1900 4/30/2004
33625179 DETROIT 48234 MI Single Family Non-Owner Occupied 12/25/1900 4/22/2004
33840976 ONTARIO 91764 CA Single Family Owner Occupied 12/25/1900 4/21/2004
31142508 XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/16/2004
33835844 INDIO 92201 CA PUD Owner Occupied 12/25/1900 4/19/2004
34323220 ALISO VIEJO 92656 CA Condo Owner Occupied 12/25/1900 4/27/2004
33478587 LA XXXXXX AREA 91744 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33839192 XXXXXXX 92804 CA Condo Owner Occupied 12/25/1900 4/23/2004
33835042 TEHACHAPI 92561 CA Single Family Owner Occupied 12/25/1900 4/15/2004
33866427 XXXXXXXXX 00000 XX XXX Owner Occupied 12/25/1900 4/19/2004
33625559 DETROIT 48219 MI Single Family Owner Occupied 12/25/1900 4/27/2004
33427428 CONVERSE 78121 TX PUD Owner Occupied 12/25/1900 4/30/2004
33626979 SOUTH LYON 48178 MI Single Family Owner Occupied 12/25/1900 4/26/2004
33748781 XXXXXXXXX 98042 WA Single Family Owner Occupied 12/25/1900 4/19/2004
34189811 XXXXXXXXXX 00000 XX Condo Owner Occupied 12/25/1900 4/30/2004
34063149 LAS VEGAS 89118 NV Single Family Owner Occupied 12/25/1900 4/27/2004
34147231 XXXXX 98626 WA Single Family Owner Occupied 12/25/1900 4/21/2004
0000000000 FRESNO 93710 CA Single Family Owner Occupied 12/25/1900 4/26/2004
34129650 XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/30/2004
33719261 NEW HOLSTEIN 53061 WI Single Family Owner Occupied 12/25/1900 4/30/2004
4000124995 XXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/22/2004
33867763 XXXXXXXX XXXXXXX 00000 MO Single Family Owner Occupied 12/25/1900 4/26/2004
33945023 LANCASTER 93536 CA Single Family Owner Occupied 12/25/1900 4/6/2004
34111955 TUSTIN AREA 92780 CA Single Family Owner Occupied 12/25/1900 4/21/2004
4000127532 XXXXXXXX 85225 AZ PUD Owner Occupied 12/25/1900 4/22/2004
33992694 XXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/30/2004
33749003 PUYALLUP 98374 WA Single Family Owner Occupied 12/25/1900 4/23/2004
33518853 SYLMAR 91342 CA Condo Owner Occupied 12/25/1900 4/9/2004
34112342 XXXXXX 90745 CA Single Family Owner Occupied 12/25/1900 4/16/2004
32919821 TOOELE 84074 UT Single Family Owner Occupied 12/25/1900 4/26/2004
33790916 BRENTWOOD 94513 CA PUD Owner Occupied 12/25/1900 4/22/2004
32909616 SYRACUSE 84075 UT Single Family Owner Occupied 12/25/1900 4/19/2004
33739509 LAKEWOOD 90712 CA Single Family Owner Occupied 12/25/1900 4/8/2004
34095570 XXXXXXX XXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/26/2004
4000142303 MODESTO 95358 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33914144 CASSELBERRY 32707 FL PUD Owner Occupied 12/25/1900 4/30/2004
0000000000 ST MARYS 31558 GA Single Family Owner Occupied 12/25/1900 4/29/2004
34242107 DELAND 32720 FL PUD Owner Occupied 12/25/1900 4/29/2004
34204222 BLOOMINGTON 55420 MN Single Family Owner Occupied 12/25/1900 4/26/2004
33914391 DELTONA 32738 FL Single Family Owner Occupied 12/25/1900 4/16/2004
33951971 EL CAJON 92020 CA Condo Owner Occupied 12/25/1900 4/16/2004
34008151 PLAQUEMINE 70764 LA Single Family Owner Occupied 12/25/1900 4/30/2004
33839721 CATHEDRAL CITY 92234 CA PUD Owner Occupied 12/25/1900 4/22/2004
34222687 DEL RIO 85024 AZ PUD Owner Occupied 12/25/1900 4/27/2004
33719212 PLAINFIELD 60544 IL PUD Owner Occupied 12/25/1900 4/23/2004
33374430 ORTONVILLE 48462 MI Single Family Owner Occupied 12/25/1900 4/26/2004
34192740 SAVANNAH 31419 GA Single Family Owner Occupied 12/25/1900 4/30/2004
33827502 RIVERSIDE 92504 CA Single Family Non-Owner Occupied 12/25/1900 4/12/2004
33968934 WESTMINSTER 80031 CO Single Family Owner Occupied 12/25/1900 4/16/2004
34165308 MACHESNEY PARK 61115 IL Single Family Owner Occupied 12/25/1900 4/30/2004
32920670 WEST JORDAN 84084 UT Single Family Owner Occupied 12/25/1900 4/16/2004
34186379 DACULA 30019 GA PUD Owner Occupied 12/25/1900 4/29/2004
31142359 SANDUSKY 44870 OH Single Family Owner Occupied 12/25/1900 4/26/2004
33374810 GREENVILLE 48838 MI Single Family Owner Occupied 12/25/1900 4/23/2004
33918160 WINTER GARDEN 34787 FL PUD Owner Occupied 12/25/1900 4/23/2004
4000143099 ELK GROVE 95758 CA Single Family Owner Occupied 12/25/1900 4/27/2004
33957762 VALENCIA 91354 CA PUD Owner Occupied 12/25/1900 4/16/2004
33211632 TUCSON 85739 AZ PUD Owner Occupied 12/25/1900 4/16/2004
33473083 TUJUNGA AREA 91042 CA Single Family Owner Occupied 12/25/1900 4/20/2004
34184630 JONESBORO 30236 GA Single Family Owner Occupied 12/25/1900 4/26/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33918608 6/1/2004 5/1/2034 359 135000 134999.99 7.99 898.88 6/1/2004 90 0-29
33815697 6/1/2004 5/1/2034 358 109125 108966.54 7.625 772.38 7/1/2004 85.25390625 0-29
33853078 6/1/2004 5/1/2034 359 123000 123000 8 820.00 6/1/2004 100 0-29
33240037 6/1/2004 5/1/2034 358 198900 198900 6.625 1,098.09 7/1/2004 65 0-29
33357732 6/1/2004 5/1/2034 359 105200 104999.84 6.25 647.74 6/1/2004 80 0-29
33625179 6/1/2004 5/1/2034 359 37000 36939.15 7 246.17 6/1/2004 52.85714286 0-29
33840976 6/1/2004 5/1/2034 359 115000 114810.91 7 765.10 6/1/2004 45.27559055 0-29
31142508 6/1/2004 5/1/2034 357 55250 55179.28 8.25 415.08 8/1/2004 85 0-29
33835844 6/1/2004 5/1/2034 359 120000 120000 6 600.00 6/1/2004 80 0-29
34323220 6/1/2004 5/1/2034 359 291950 291950 6.75 1,642.22 6/1/2004 79.98849284 0-29
33478587 6/1/2004 5/1/2034 359 297000 297000 5.75 1,423.13 6/1/2004 87.86982249 0-29
33839192 6/1/2004 5/1/2034 358 106500 106306.91 6.5 673.16 7/1/2004 51.95121951 0-29
33835042 6/1/2004 5/1/2034 359 124000 124000 6.5 671.67 6/1/2004 80 0-29
33866427 6/1/2004 5/1/2034 359 190400 190400 5.375 852.83 6/1/2004 80 0-29
33625559 6/1/2004 5/1/2034 359 42500 42450.92 8.75 334.35 6/1/2004 85 0-29
33427428 6/1/2004 5/1/2034 359 92000 91866.38 7.625 651.18 6/1/2004 100 0-29
33626979 6/1/2004 5/1/2034 359 285000 284542.82 7.125 1,920.10 6/1/2004 95 0-29
33748781 6/1/2004 5/1/2034 359 155960 155960 6.25 812.29 6/1/2004 80 0-29
34189811 6/1/2004 5/1/2034 359 59200 59087.35 6.25 364.51 6/1/2004 80 0-29
34063149 6/1/2004 5/1/2034 359 216000 215615.26 6.99 1,435.61 6/1/2004 90 0-29
34147231 6/1/2004 5/1/2034 359 73600 73478.97 7 489.67 6/1/2004 80 0-29
0000000000 6/1/2004 5/1/2034 359 252000 252000 7 1,470.00 6/1/2004 90 0-29
34129650 6/1/2004 5/1/2034 358 152950 152679.36 6.625 979.36 7/1/2004 94.98643051 0-29
33719261 6/1/2004 5/1/2034 359 56000 55907.93 7 372.57 6/1/2004 80 0-29
4000124995 6/1/2004 5/1/2034 359 155000 154791.25 7.999 1,137.23 6/1/2004 100 0-29
33867763 6/1/2004 5/1/2034 359 145600 145388.57 7.625 1,030.55 6/1/2004 80 0-29
33945023 6/1/2004 5/1/2034 359 221000 220589.52 6.375 1,378.76 6/1/2004 85 0-29
34111955 6/1/2004 5/1/2034 359 323000 323000 6.99 1,881.48 6/1/2004 68 0-29
4000127532 6/1/2004 5/1/2034 359 127400 127125.9 5.125 544.10 6/1/2004 79.97489014 0-29
33992694 6/1/2004 5/1/2034 359 108000 108000 6.25 562.50 6/1/2004 80 0-29
33749003 6/1/2004 5/1/2034 359 172000 171572.39 5.5 976.60 6/1/2004 80 0-29
33518853 6/1/2004 5/1/2034 358 188000 188000 5.375 842.08 7/1/2004 80 0-29
34112342 6/1/2004 5/1/2034 358 238900 238337.84 5.125 1,300.78 7/1/2004 69.95607613 0-29
32919821 6/1/2004 5/1/2034 359 120000 120000 5.75 575.00 6/1/2004 80 0-29
33790916 6/1/2004 5/1/2034 359 259200 259200 5.5 1,188.00 6/1/2004 80 0-29
32909616 6/1/2004 5/1/2034 359 187200 186843.81 6.25 1,152.63 6/1/2004 80 0-29
33739509 6/1/2004 5/1/2034 359 309600 309600 5.625 1,451.25 6/1/2004 80 0-29
34095570 6/1/2004 5/1/2034 359 201000 200537.89 5.25 1,109.93 6/1/2004 78.21011673 0-29
4000142303 6/1/2004 5/1/2034 359 216000 215800 5.625 1,012.50 6/1/2004 90 0-29
33914144 6/1/2004 5/1/2034 359 94400 94232.96 6.625 604.46 6/1/2004 80 0-29
0000000000 6/1/2004 5/1/2034 359 62050 62050 8.125 420.13 6/1/2004 85 0-29
34242107 6/1/2004 5/1/2034 359 228750 228750 6.5 1,239.06 6/1/2004 89.82459172 0-29
34204222 6/1/2004 5/1/2034 358 216000 215670.27 7.375 1,491.86 7/1/2004 88.16326531 0-29
33914391 6/1/2004 5/1/2034 359 104500 104300 7.5 653.13 6/1/2004 95 0-29
33951971 6/1/2004 5/1/2034 359 266800 266800 5.25 1,167.25 6/1/2004 80 0-29
34008151 6/1/2004 5/1/2034 359 66500 66400.97 7.5 464.98 6/1/2004 95 0-29
33839721 6/1/2004 5/1/2034 359 269100 269100 6.875 1,541.72 6/1/2004 90 0-29
34222687 6/1/2004 5/1/2034 358 168000 168000 5.375 752.50 7/1/2004 80 0-29
33719212 6/1/2004 5/1/2034 358 199500 199146.98 6.625 1,277.43 7/1/2004 95 0-29
33374430 6/1/2004 5/1/2034 359 273600 273600 6.5 1,482.00 6/1/2004 73.35120643 0-29
34192740 6/1/2004 5/1/2034 359 98000 98000 6.875 561.46 6/1/2004 80 0-29
33827502 6/1/2004 5/1/2034 359 188000 187683.2 6.875 1,235.03 6/1/2004 80 0-29
33968934 6/1/2004 5/1/2034 359 156000 156000 5 650.00 6/1/2004 80 0-29
34165308 6/1/2004 5/1/2034 359 84000 83897.86 8.5 645.89 6/1/2004 80 0-29
32920670 6/1/2004 5/1/2034 359 143450 143196.16 6.625 918.53 6/1/2004 95 0-29
34186379 6/1/2004 5/1/2034 359 119920 119920 6.5 649.57 6/1/2004 80 0-29
31142359 6/1/2004 5/1/2034 359 119200 119026.89 7.625 843.70 6/1/2004 79.46666667 0-29
33374810 6/1/2004 5/1/2034 359 126350 126109.6 6.25 777.96 6/1/2004 95 0-29
33918160 6/1/2004 5/1/2034 359 209250 209250 6.625 1,155.23 6/1/2004 94.99704908 0-29
4000143099 6/1/2004 5/1/2034 358 233600 233600 5.125 997.67 7/1/2004 80 0-29
33957762 6/1/2004 5/1/2034 359 296000 295512.36 6.99 1,967.31 6/1/2004 80 0-29
33211632 6/1/2004 5/1/2034 358 212600 212600 5.99 1,061.23 7/1/2004 79.9831456 0-29
33473083 6/1/2004 5/1/2034 359 289200 289200 5.99 1,443.59 6/1/2004 80 0-29
34184630 6/1/2004 5/1/2034 359 100000 100000 6.375 531.25 6/1/2004 80 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33918608 6ML 6.75 3 7.99 13.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33815697 6ML 6.125 3 7.625 13.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33853078 6ML 5.625 3 8 14 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33240037 6ML 4.75 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33357732 6ML 4.25 3 6.25 12.25 0 None 5/1/2006 6
33625179 6ML 5 3 7 13 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33840976 6ML 5.375 3 7 13 24 6 mo.s interest less 20% xxxx 5/1/2006 6
31142508 6ML 5 3 8.25 14.25 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33835844 6ML 4.875 3 6 12 36 6 mo.s interest less 20% xxxx 5/1/2006 6
34323220 6ML 4.75 3 6.75 12.75 36 6 mo.s interest less 20% xxxx 5/1/2009 6
33478587 6ML 4.75 3 5.75 11.75 36 6 mo.s interest less 20% xxxx 5/1/2007 6
33839192 6ML 4.75 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33835042 6ML 4.75 3 6.5 12.5 36 6 mo.s interest less 20% xxxx 5/1/2009 6
33866427 6ML 4 1 5.375 11.375 24 6 mo.s interest less 20% xxxx 11/1/2004 6
33625559 6ML 7.375 3 8.75 14.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33427428 6ML 5.125 3 7.625 13.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33626979 6ML 6 3 7.125 13.125 12 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33748781 6ML 5.125 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34189811 6ML 4.75 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34063149 6ML 4.625 3 6.99 12.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34147231 6ML 5.5 3 7 13 24 6 mo.s interest less 20% xxxx 5/1/2006 6
0000000000 6ML 5.125 3 7 13 0 None 5/1/2006 6
34129650 6ML 6 3 6.625 12.625 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33719261 6ML 5.375 3 7 13 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000124995 6ML 5.5 3 7.999 13.999 24 6 mo.s interest less 20% xxxx 5/1/2009 6
33867763 6ML 5.5 3 7.625 13.625 24 2% prepaid 5/1/2006 6
33945023 6ML 5.625 3 6.375 12.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34111955 6ML 5.125 3 6.99 12.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000127532 6ML 3.375 3 5.125 11.125 24 6 mo.s interest less 20% xxxx 5/1/2009 6
33992694 6ML 4.875 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33749003 6ML 3.875 3 5.5 11.5 36 6 mo.s interest less 20% xxxx 5/1/2009 6
33518853 6ML 3.75 3 5.375 11.375 36 6 mo.s interest less 20% xxxx 5/1/2009 6
34112342 6ML 3.25 3 5.125 11.125 12 6 mo.s interest less 20% xxxx 5/1/2007 6
32919821 6ML 4.375 3 5.75 11.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33790916 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
32909616 6ML 3.625 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33739509 6ML 3.875 3 5.625 11.625 36 6 mo.s interest less 20% xxxx 5/1/2009 6
34095570 6ML 4 3 5.25 11.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000142303 6ML 4.875 3 5.625 11.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33914144 6ML 5.5 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
0000000000 6ML 6.375 3 8.125 14.125 0 None 5/1/2006 6
34242107 6ML 5.5 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34204222 6ML 6.5 3 7.375 13.375 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33914391 6ML 6.25 3 7.5 13.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33951971 6ML 3.875 3 5.25 11.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34008151 6ML 6.5 3 7.5 13.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33839721 6ML 5.625 3 6.875 12.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34222687 6ML 4 3 5.375 11.375 36 6 mo.s interest less 20% xxxx 5/1/2007 6
33719212 6ML 5.875 3 6.625 12.625 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33374430 6ML 4.875 3 6.5 12.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34192740 6ML 5.375 3 6.875 12.875 0 None 5/1/2006 6
33827502 6ML 4.5 3 6.875 12.875 0 None 5/1/2006 6
33968934 6ML 3.625 3 5 11 36 6 mo.s interest less 20% xxxx 5/1/2006 6
34165308 6ML 6.625 3 8.5 14.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
32920670 6ML 5.375 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34186379 6ML 5.125 3 6.5 12.5 0 None 5/1/2007 6
31142359 6ML 5.75 3 7.625 13.625 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33374810 6ML 5.875 3 6.25 12.25 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33918160 6ML 5.75 3 6.625 12.625 36 6 mo.s interest less 20% xxxx 5/1/2007 6
4000143099 6ML 3.75 3 5.125 11.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33957762 6ML 5.375 3 6.99 12.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33211632 6ML 4.75 3 5.99 11.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33473083 6ML 4.875 3 5.99 11.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34184630 6ML 4.75 3 6.375 12.375 0 None 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33918608 6 C/O Refi N Y 60
33815697 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33240037 6 C/O Refi N Y 60
33357732 6 Purchase N N 0
33625179 6 C/O Refi N N 0
33840976 6 C/O Refi N N 0
31142508 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34323220 6 Purchase N Y 60
33478587 6 C/O Refi N Y 60
33839192 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33866427 6 C/O Refi N Y 60
33625559 6 Purchase N N 0
33427428 6 Purchase N N 0
33626979 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34189811 6 Purchase N N 0
34063149 6 Purchase N N 0
34147231 6 Purchase N N 0
0000000000 6 C/O Refi N Y 60
34129650 6 Purchase N N 0
33719261 6 Purchase N N 0
4000124995 6 Purchase N N 0
33867763 6 C/O Refi N N 0
33945023 6 R/T Refi N N 0
34111955 6 X/X Xxxx X X 00
0000000000 0 Xxxxxxxx X Y 60
33992694 6 Purchase N Y 60
33749003 6 R/T Refi N N 0
33518853 6 Purchase N Y 60
34112342 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33790916 6 Purchase N Y 60
32909616 6 Purchase N N 0
33739509 6 Purchase N Y 60
34095570 6 X/X Xxxx X X 0
0000000000 0 Xxxxxxxx X Y 60
33914144 6 Purchase N N 0
0000000000 6 Purchase N Y 60
34242107 6 Purchase N Y 60
34204222 6 C/O Refi N N 0
33914391 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
34008151 6 Purchase N N 0
33839721 6 Purchase N Y 60
34222687 6 Purchase N Y 60
33719212 6 Purchase N N 0
33374430 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33827502 6 Purchase N N 0
33968934 6 C/O Refi N Y 60
34165308 6 Purchase N N 0
32920670 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
31142359 6 C/O Refi N N 0
33374810 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
4000143099 6 Purchase N Y 60
33957762 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33473083 6 Purchase N Y 60
34184630 6 Purchase N Y 60
D-1-2
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
34191114 OAK GROVE 42262 KY Single Family Owner Occupied 12/25/1900 4/30/2004
4000139693 ONTARIO 91762 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33495870 XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/15/2004
33958521 FRESNO 93728 CA Single Family Owner Occupied 12/25/1900 4/26/2004
34144444 TALENT 97540 OR Single Family Owner Occupied 12/25/1900 4/14/2004
33988338 WESTON 33326 FL Single Family Owner Occupied 12/25/1900 4/27/2004
34242529 ORANGE PARK 32003 FL Single Family Owner Occupied 12/25/1900 4/30/2004
34007013 XXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 4/20/2004
33474909 XXXXXXX XXXX 00000 CA Single Family Owner Occupied 12/25/1900 4/22/2004
4000138331 WATERBURY 6708 CT Single Family Owner Occupied 12/25/1900 5/3/2004
4000138371 MILWAUKEE 53227 WI Single Family Owner Occupied 12/25/1900 4/17/2004
34162909 XXXX 60013 IL Single Family Owner Occupied 12/25/1900 4/30/2004
33862020 EAU CLAIRE 54703 WI Single Family Owner Occupied 12/25/1900 4/19/2004
34204263 XXXX LAKES 55014 MN PUD Owner Occupied 12/25/1900 4/26/2004
32314007 XXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/21/2004
33240748 GARDNERVILLE 89460 NV Single Family Owner Occupied 12/25/1900 4/21/2004
33117201 EDEN PRAIRIE 55347 MN PUD Owner Occupied 12/25/1900 4/30/2004
33575036 KEIZER 97303 OR Single Family Owner Occupied 12/25/1900 4/23/2004
33473588 CARMICHAEL 95608 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33413832 RANCHO CUCAMONGA 91730 CA Single Family Owner Occupied 12/25/1900 4/12/2004
33953647 SAN DIEGO 92126 CA Condo Owner Occupied 12/25/1900 4/21/2004
33863267 MILWAUKEE 53206 WI Single Family Owner Occupied 12/25/1900 4/26/2004
33967852 AURORA 80013 CO Single Family Owner Occupied 12/25/1900 4/30/2004
33956467 SAN DIEGO 92119 CA Condo Non-Owner Occupied 12/25/1900 4/27/2004
4000143054 XXXXX XXXXX 95383 CA Single Family Second Home 12/25/1900 4/21/2004
34123117 XENIA 45385 OH Single Family Owner Occupied 12/25/1900 4/29/2004
33626227 CHINA TWP 48054 MI Single Family Owner Occupied 12/25/1900 4/26/2004
34284711 MENIFEE 92586 CA PUD Non-Owner Occupied 12/25/1900 4/28/2004
32676702 NEW LISBON 53959 WI Single Family Owner Occupied 12/25/1900 4/24/2004
34203158 EVELETH 55734 MN Single Family Owner Occupied 12/25/1900 4/26/2004
34027003 WHITMAN 2382 MA Multi Family - 2 Units Owner Occupied 12/25/1900 4/30/2004
33984519 HOLLYWOOD 33024 FL Condo Owner Occupied 12/25/1900 4/26/2004
33358276 CONWAY 29526 SC PUD Owner Occupied 12/25/1900 4/30/2004
34263335 SPRING 77381 TX PUD Owner Occupied 12/25/1900 4/30/2004
33974130 ELBERT 80106 CO Single Family Owner Occupied 12/25/1900 4/30/2004
33718321 CHICAGO 60644 IL Multi Family - 2 Units Owner Occupied 12/25/1900 4/26/2004
33456526 LAWNSIDE 8045 NJ Single Family Owner Occupied 12/25/1900 4/22/2004
33972167 DENVER 80229 CO Single Family Owner Occupied 12/25/1900 4/26/2004
33624750 CENTERLINE 48015 MI Single Family Owner Occupied 12/25/1900 4/16/2004
34284190 SUN CITY 92586 CA Single Family Owner Occupied 12/25/1900 4/29/2004
34202515 NORTH BRANCH 55056 MN Single Family Non-Owner Occupied 12/25/1900 4/29/2004
33985482 HIALEAH 33012 FL Condo Owner Occupied 12/25/1900 4/27/2004
33971979 XXXXXX LAKE 80133 CO Single Family Owner Occupied 12/25/1900 4/30/2004
33720087 FORT XXXXX 46806 IN Single Family Owner Occupied 12/25/1900 4/26/2004
4000109066 ONALASKA 54650 WI Single Family Owner Occupied 12/25/1900 4/30/2004
34137034 XXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/30/2004
33454893 DOWNINGTOWN 19335 PA Single Family Owner Occupied 12/25/1900 4/23/2004
33967928 FT XXXXXXX 80526 CO Single Family Owner Occupied 12/25/1900 4/29/2004
33094848 PLYMOUTH 2360 MA Single Family Owner Occupied 12/25/1900 4/30/2004
34023531 WOONSOCKET 2895 RI Single Family Owner Occupied 12/25/1900 4/21/2004
33356940 XXXXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 4/26/2004
34183038 DOUGLASVILLE 30134 GA Single Family Owner Occupied 12/25/1900 4/23/2004
33239070 RENO 89506 NV PUD Owner Occupied 12/25/1900 4/16/2004
33557943 CHULA VISTA 91910 CA Condo Owner Occupied 12/25/1900 4/28/2004
4000136619 XXXXXXXXXXX 00000 XX Condo Owner Occupied 12/25/1900 4/16/2004
33716457 SPRINGFIELD 62704 IL Single Family Owner Occupied 12/25/1900 4/22/2004
34083444 LANCASTER 93535 CA Single Family Owner Occupied 12/25/1900 4/19/2004
33888546 SPOTSYLVANIA 22553 VA PUD Owner Occupied 12/25/1900 4/26/2004
33890492 CENTREVILLE 20121 VA Condo Owner Occupied 12/25/1900 4/23/2004
4000137207 SUWANEE 30024 GA PUD Owner Occupied 12/25/1900 4/28/2004
33319021 DENVER 80249 CO PUD Owner Occupied 12/25/1900 4/30/2004
33733833 LOS ANGELES 90043 CA Single Family Non-Owner Occupied 12/25/1900 4/13/2004
34203141 FARIBAULT 55021 MN Single Family Owner Occupied 12/25/1900 4/23/2004
33714494 CHICAGO 60639 IL Single Family Owner Occupied 12/25/1900 4/16/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
34191114 6/1/2004 5/1/2034 359 58000 57894.85 6.5 366.60 6/1/2004 80 0-29
4000139693 6/1/2004 5/1/2034 359 260000 259455.78 5.75 1,517.29 6/1/2004 78.78787879 0-29
33495870 6/1/2004 5/1/2034 359 169000 169000 5.625 792.19 6/1/2004 72.22222222 0-29
33958521 6/1/2004 5/1/2034 358 176000 176000 5.75 843.33 7/1/2004 80 0-29
34144444 6/1/2004 5/1/2034 359 273600 273600 5.875 1,339.50 6/1/2004 80 0-29
33988338 6/1/2004 5/1/2034 359 255200 255200 5.25 1,116.50 6/1/2004 80 0-29
34242529 6/1/2004 5/1/2034 359 112500 112340.67 7.75 805.97 6/1/2004 90 0-29
34007013 6/1/2004 5/1/2034 358 131150 130874.46 6 786.32 7/1/2004 88.61486486 0-29
33474909 6/1/2004 5/1/2034 358 292800 292800 5.625 1,372.50 7/1/2004 80 0-29
4000138331 7/1/2004 6/1/2034 360 120800 120800 5.875 591.42 7/1/2004 80 0-29
4000138371 6/1/2004 5/1/2034 359 69000 68848.38 5.5 391.77 6/1/2004 78.40909091 0-29
34162909 6/1/2004 5/1/2034 358 313500 312886.27 7.25 2,138.63 7/1/2004 95 0-29
33862020 6/1/2004 5/1/2034 359 99750 99569.15 6.5 630.49 6/1/2004 95 0-29
34204263 6/1/2004 5/1/2034 359 130000 129801.55 7.375 897.88 6/1/2004 84.41558442 0-29
32314007 6/1/2004 5/1/2034 359 89600 89403.64 7.625 634.19 6/1/2004 74.9790795 0-29
33240748 6/1/2004 5/1/2034 359 145500 145241.96 6.625 931.66 6/1/2004 69.95192308 0-29
33117201 6/1/2004 5/1/2034 359 302400 302400 5.125 1,291.50 6/1/2004 80 0-29
33575036 6/1/2004 5/1/2034 359 144000 144000 7.875 945.00 6/1/2004 90 0-29
33473588 6/1/2004 5/1/2034 358 194000 193621.92 6.125 1,178.77 7/1/2004 68.79432624 0-29
33413832 6/1/2004 5/1/2034 359 283200 283200 5.75 1,357.00 6/1/2004 80 0-29
33953647 6/1/2004 5/1/2034 359 220000 220000 5.125 939.58 6/1/2004 80 0-29
33863267 6/1/2004 5/1/2034 358 50150 49891.34 8.75 394.54 7/1/2004 87.98245614 0-29
33967852 6/1/2004 5/1/2034 359 152000 152000 5.875 744.17 6/1/2004 80 0-29
33956467 6/1/2004 5/1/2034 359 179900 179900 6.875 1,030.68 6/1/2004 70 0-29
4000143054 6/1/2004 5/1/2034 359 204300 204300 6 1,021.50 6/1/2004 90 0-29
34123117 6/1/2004 5/1/2034 359 93150 93042.41 8.75 732.82 6/1/2004 90 0-29
33626227 6/1/2004 5/1/2034 358 175000 174745.15 7.625 1,238.64 7/1/2004 72.31404959 0-29
34284711 6/1/2004 5/1/2034 359 265500 265500 6.75 1,493.44 6/1/2004 90 0-29
32676702 6/1/2004 5/1/2034 359 72000 71898.03 7.75 515.82 6/1/2004 53.45211581 0-29
34203158 6/1/2004 5/1/2034 359 41650 41599.34 8.5 320.26 6/1/2004 85 0-29
34027003 6/1/2004 5/1/2034 359 362000 361592.6 8.875 2,880.24 6/1/2004 100 0-29
33984519 6/1/2004 5/1/2034 359 70800 70699.74 7.75 507.22 6/1/2004 80 0-29
33358276 6/1/2004 5/1/2034 359 94950 94950 6.875 543.98 6/1/2004 79.9915754 0-29
34263335 6/1/2004 5/1/2034 359 99750 99585.67 6.99 662.97 6/1/2004 95 0-29
33974130 6/1/2004 5/1/2034 359 191920 191920 5.5 879.63 6/1/2004 80 0-29
33718321 6/1/2004 5/1/2034 358 148500 148249.77 6.875 975.54 7/1/2004 90 0-29
33456526 6/1/2004 5/1/2034 359 212300 212300 8.375 1,481.68 6/1/2004 87.41301931 0-29
33972167 6/1/2004 5/1/2034 359 139200 139200 6.5 754.00 6/1/2004 80 0-29
33624750 6/1/2004 5/1/2034 359 128000 128000 7.625 813.33 6/1/2004 84.76821192 0-29
34284190 6/1/2004 5/1/2034 359 244000 243976.67 6 1,220.00 6/1/2004 80 0-29
34202515 6/1/2004 5/1/2034 359 87000 86876.79 7.75 623.28 6/1/2004 45.07772021 0-29
33985482 6/1/2004 5/1/2034 359 101700 101700 8.625 730.97 6/1/2004 90 0-29
33971979 6/1/2004 5/1/2034 359 212000 212000 5.25 927.50 6/1/2004 80 0-29
33720087 6/1/2004 5/1/2034 359 73150 73035.51 7.25 499.02 6/1/2004 95 0-29
4000109066 6/1/2004 5/1/2034 359 108500 108342.44 7.625 767.96 6/1/2004 100 0-29
34137034 6/1/2004 5/1/2034 358 114950 114708.5 5.99 688.45 7/1/2004 79.99304106 0-29
33454893 6/1/2004 5/1/2034 359 140600 140379.98 7.25 959.14 6/1/2004 95 0-29
33967928 6/1/2004 5/1/2034 359 167900 167900 5.25 734.56 6/1/2004 79.99047165 0-29
33094848 6/1/2004 5/1/2034 359 235600 235600 6.25 1,227.08 6/1/2004 80 0-29
34023531 6/1/2004 5/1/2034 359 151100 151100 6.625 834.20 6/1/2004 75.55 0-29
33356940 6/1/2004 5/1/2034 359 142300 142065.56 6.99 945.78 6/1/2004 89.98242086 0-29
34183038 6/1/2004 5/1/2034 358 109900 109747.71 8.125 816.01 7/1/2004 100 0-29
33239070 6/1/2004 5/1/2034 359 149600 149600 6.25 779.17 6/1/2004 80 0-29
33557943 6/1/2004 5/1/2034 358 292000 292000 5.25 1,277.50 7/1/2004 80 0-29
4000136619 6/1/2004 5/1/2034 359 48000 47910.3 6.375 299.46 6/1/2004 75 0-29
33716457 6/1/2004 5/1/2034 359 61500 61450.81 7.125 365.16 6/1/2004 82 0-29
34083444 6/1/2004 5/1/2034 359 81500 81365.73 6.99 541.68 6/1/2004 49.39393939 0-29
33888546 6/1/2004 5/1/2034 359 168300 168043.08 7.375 1,162.41 6/1/2004 90 0-29
33890492 6/1/2004 5/1/2034 359 157500 157271.06 7.625 1,114.78 6/1/2004 92.64705882 0-29
4000137207 6/1/2004 5/1/2034 359 284000 284000 4.625 1,094.58 6/1/2004 80 0-29
33319021 6/1/2004 5/1/2034 359 139000 139000 5.75 666.04 6/1/2004 79.99401484 0-29
33733833 6/1/2004 5/1/2034 358 189000 189000 6.875 1,082.81 7/1/2004 90 0-29
34203141 6/1/2004 5/1/2034 358 135000 135000 7 787.50 7/1/2004 88.23529412 0-29
33714494 6/1/2004 5/1/2034 359 129500 129270.85 6.625 829.21 6/1/2004 64.10891089 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
34191114 6ML 5.375 3 6.5 12.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
4000139693 6ML 4.625 3 5.75 11.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33495870 6ML 3.875 3 5.625 11.625 36 6 mo.s interest less 20% xxxx 5/1/2007 6
33958521 6ML 4.5 3 5.75 11.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34144444 6ML 4 3 5.875 11.875 24 6 mo.s interest less 20% xxxx 5/1/2009 6
33988338 6ML 3.75 3 5.25 11.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34242529 6ML 6.5 3 7.75 13.75 12 6 mo.s interest less 20% xxxx 5/1/2006 6
34007013 6ML 5.125 3 6 12 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33474909 6ML 3.875 3 5.625 11.625 36 6 mo.s interest less 20% xxxx 5/1/2009 6
4000138331 6ML 4.375 3 5.875 11.875 24 6 mo.s interest less 20% xxxx 6/1/2006 6
4000138371 6ML 4.25 3 5.5 11.5 36 6 mo.s interest less 20% xxxx 5/1/2006 6
34162909 6ML 4.75 3 7.25 13.25 0 None 5/1/2006 6
33862020 6ML 5.75 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34204263 6ML 6 3 7.375 13.375 36 min (2% prepaid, 60 days interest) 5/1/2006 6
32314007 6ML 5.625 3 7.625 13.625 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33240748 6ML 4.75 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33117201 6ML 3.5 3 5.125 11.125 36 min (2% prepaid, 60 days interest) 5/1/2009 6
33575036 6ML 6.375 3 7.875 13.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33473588 6ML 4.375 3 6.125 12.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33413832 6ML 3.875 3 5.75 11.75 24 6 mo.s interest less 20% xxxx 5/1/2009 6
33953647 6ML 3.875 3 5.125 11.125 36 6 mo.s interest less 20% xxxx 5/1/2006 6
33863267 6ML 7.25 3 8.75 14.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33967852 6ML 4.5 3 5.875 11.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33956467 6ML 4.625 3 6.875 12.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000143054 6ML 4.875 3 6 12 36 6 mo.s interest less 20% xxxx 5/1/2009 6
34123117 6ML 7.5 3 8.75 14.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33626227 6ML 5.125 3 7.625 13.625 12 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34284711 6ML 5 3 6.75 12.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
32676702 6ML 5.75 3 7.75 13.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34203158 6ML 6.875 3 8.5 14.5 24 min (2% prepaid, 60 days interest) 5/1/2006 6
34027003 6ML 6.625 3 8.875 14.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33984519 6ML 5.875 3 7.75 13.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33358276 6ML 6 3 6.875 12.875 0 None 5/1/2006 6
34263335 6ML 6.375 3 6.99 12.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33974130 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33718321 6ML 6 3 6.875 12.875 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33456526 6ML 6.5 3 8.375 14.375 0 None 5/1/2006 6
33972167 6ML 5 3 6.5 12.5 36 6 mo.s interest less 20% xxxx 5/1/2007 6
33624750 6ML 6 3 7.625 13.625 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34284190 6ML 4.625 3 6 12 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34202515 6ML 4.25 3 7.75 13.75 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33985482 6ML 6.375 3 8.625 14.625 24 6 mo.s interest less 20% xxxx 5/1/2009 6
33971979 6ML 4 3 5.25 11.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33720087 6ML 4.875 3 7.25 13.25 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
4000109066 6ML 5 3 7.625 13.625 36 6 mo.s interest less 20% xxxx 5/1/2007 6
34137034 6ML 5 3 5.99 11.99 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33454893 6ML 6.375 3 7.25 13.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33967928 6ML 3.875 3 5.25 11.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33094848 6ML 4.875 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34023531 6ML 5.25 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33356940 6ML 5.75 3 6.99 12.99 0 None 5/1/2006 6
34183038 6ML 5.375 3 8.125 14.125 0 None 5/1/2006 6
33239070 6ML 4.625 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33557943 6ML 3.5 3 5.25 11.25 36 6 mo.s interest less 20% xxxx 5/1/2007 6
4000136619 6ML 5 3 6.375 12.375 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33716457 6ML 5.625 3 7.125 13.125 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34083444 6ML 5.25 3 6.99 12.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33888546 6ML 6.75 3 7.375 13.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33890492 6ML 6.75 3 7.625 13.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000137207 6ML 3.5 3 4.625 10.625 0 None 5/1/2006 6
33319021 6ML 4.25 3 5.75 11.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33733833 6ML 5.125 3 6.875 12.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34203141 6ML 5 3 7 13 24 min (2% prepaid, 60 days interest) 5/1/2006 6
33714494 6ML 4.75 3 6.625 12.625 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
34191114 6 Purchase N N 0
4000139693 6 R/T Refi N N 0
33495870 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
34144444 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
34242529 6 Purchase N N 0
34007013 6 R/T Refi N N 0
33474909 6 Purchase N Y 60
4000138331 6 Purchase N Y 60
4000138371 6 R/T Refi N N 0
34162909 6 Purchase N N 0
33862020 6 C/O Refi N N 0
34204263 6 C/O Refi N N 0
32314007 6 C/O Refi N N 0
33240748 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33575036 6 Purchase N Y 60
33473588 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33953647 6 Purchase N Y 60
33863267 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33956467 6 X/X Xxxx X X 00
0000000000 0 Xxxxxxxx X Y 60
34123117 6 Purchase N N 0
33626227 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
32676702 6 C/O Refi N N 0
34203158 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X N 0
33984519 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34263335 6 Purchase N N 0
33974130 6 Purchase N Y 60
33718321 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33972167 6 Purchase N Y 60
33624750 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
34202515 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33971979 6 Purchase N Y 60
33720087 6 R/T Refi N N 0
4000109066 6 Purchase N N 0
34137034 6 Purchase N N 0
33454893 6 Purchase N N 0
33967928 6 Purchase N Y 60
33094848 6 Purchase N Y 60
34023531 6 R/T Refi N Y 60
33356940 6 R/T Refi N N 0
34183038 6 Purchase N N 0
33239070 6 Purchase N Y 60
33557943 6 Purchase N Y 60
4000136619 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34083444 6 C/O Refi N N 0
33888546 6 R/T Refi N N 0
33890492 6 X/X Xxxx X X 0
0000000000 0 Xxxxxxxx X Y 60
33319021 6 Purchase N Y 60
33733833 6 Purchase N Y 60
34203141 6 R/T Refi N Y 60
33714494 6 X/X Xxxx X X 0
X-0-0
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
34247171 SPRING HILL 34608 FL Single Family Owner Occupied 12/25/1900 4/30/2004
4000129103 PUYALLUP 98371 WA Single Family Owner Occupied 12/25/1900 4/26/2004
33972852 XXXXXXXX 80465 CO Single Family Owner Occupied 12/25/1900 4/30/2004
4000132867 CONCORD 94521 CA Condo Owner Occupied 12/25/1900 4/29/2004
33119017 BRAINERD 55426 MN Single Family Owner Occupied 12/25/1900 4/30/2004
33539263 MARIENVILLE 16239 PA Single Family Owner Occupied 12/25/1900 4/26/2004
33963299 XXXXXX 00000 XX XXX Owner Occupied 12/25/1900 4/23/2004
33846916 WEST JORDAN 84084 UT Single Family Owner Occupied 12/25/1900 4/29/2004
33953472 SAN JACINTO 92583 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33891045 BRYANS ROAD 20616 MD PUD Owner Occupied 12/25/1900 4/30/2004
4000140704 XXXXXXXXX 00000 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33085200 KENNEBUNK 4043 ME Condo Owner Occupied 12/25/1900 4/23/2004
33239351 LAS VEGAS 89141 NV PUD Non-Owner Occupied 12/25/1900 4/13/2004
33560871 XXXXXX VALLEY 92551 CA Single Family Owner Occupied 12/25/1900 4/14/2004
33622598 FLINT 48503 MI Single Family Owner Occupied 12/25/1900 4/23/2004
33821950 JONESBORO 30236 GA Single Family Owner Occupied 12/25/1900 4/23/2004
33918723 COCOA 32927 FL Single Family Owner Occupied 12/25/1900 4/23/2004
33920646 CHULUOTA 32766 FL PUD Owner Occupied 12/25/1900 4/30/2004
33986985 MIRAMAR 33025 FL PUD Owner Occupied 12/25/1900 4/16/2004
34023374 XXXXXXXXX 4092 ME Single Family Owner Occupied 12/25/1900 4/26/2004
34090209 LOS ANGELES 90043 CA Multi Family - 3 Units Owner Occupied 12/25/1900 4/19/2004
0000000000 SANTA XXX 92704 CA Condo Owner Occupied 12/25/1900 4/24/2004
33889791 RICHMOND 23233 VA Single Family Owner Occupied 12/25/1900 4/30/2004
33985169 XXXX XXXXXXXXXX 00000 FL PUD Owner Occupied 12/25/1900 4/30/2004
33970534 DENVER 80209 CO Single Family Owner Occupied 12/25/1900 4/30/2004
34135566 VERONA 15147 PA Single Family Owner Occupied 12/25/1900 4/30/2004
34243451 XXXXXX BEACH 34217 FL PUD Owner Occupied 12/25/1900 4/26/2004
33850199 XXXXX, 84092 UT Single Family Owner Occupied 12/25/1900 4/21/2004
33847138 BOUNTIFUL 84010 UT Single Family Owner Occupied 12/25/1900 4/26/2004
33546797 SAN DIEGO 92114 CA Single Family Owner Occupied 12/25/1900 4/6/2004
33983727 MIAMI 33157 FL Condo Owner Occupied 12/25/1900 4/27/2004
34167932 SCHAUMBURG 60194 IL Condo Owner Occupied 12/25/1900 4/26/2004
34203810 CRYSTAL 55422 MN Single Family Owner Occupied 12/25/1900 4/30/2004
33319963 GOLDEN 80401 CO Single Family Non-Owner Occupied 12/25/1900 4/19/2004
33746496 XXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/16/2004
33911868 BRADENTON 34203 FL Single Family Owner Occupied 12/25/1900 4/23/2004
34128736 XXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/16/2004
33852351 WEST JORDAN 84084 UT Single Family Owner Occupied 12/25/1900 4/29/2004
33357906 XXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/29/2004
4000142449 SALIDA 95368 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33721713 AURORA 60505 IL Single Family Owner Occupied 12/25/1900 4/21/2004
33711524 XXXXXXXXX 61439 IL Single Family Owner Occupied 12/25/1900 4/26/2004
4000135196 RIVERBANK 95367 CA Single Family Non-Owner Occupied 12/25/1900 4/21/2004
33095829 TORRINGTON 6790 CT Single Family Owner Occupied 12/25/1900 4/21/2004
33950833 LOS BANOS 93635 CA Single Family Owner Occupied 12/25/1900 4/14/2004
34248146 ORANGE PARK 32065 FL PUD Owner Occupied 12/25/1900 4/30/2004
34026229 TEWKSBURY 1876 MA Single Family Owner Occupied 12/25/1900 4/30/2004
33478645 OXNARD 93033 CA Single Family Owner Occupied 12/25/1900 4/26/2004
34025239 XXXXXX 6066 CT Single Family Owner Occupied 12/25/1900 4/30/2004
34193573 MARIETTA 30066 GA Single Family Owner Occupied 12/25/1900 4/30/2004
33949686 SAN DIEGO 92126 CA Condo Owner Occupied 12/25/1900 4/19/2004
33375114 BELLEVILLE 48111 MI Single Family Owner Occupied 12/25/1900 4/26/2004
33684432 XXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/20/2004
34095398 XXXXXXXXXX 00000 XX Multi Family - 2 Units Owner Occupied 12/25/1900 4/28/2004
33477597 SANTA CLARITA 91351 CA Condo Owner Occupied 12/25/1900 4/26/2004
34202408 BLAINE 55434 MN Single Family Owner Occupied 12/25/1900 4/19/2004
34116483 HIGHLAND 92346 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33845371 GREEN RIVER 82935 WY Single Family Owner Occupied 12/25/1900 4/23/2004
32378135 PORTLAND 97206 OR Single Family Owner Occupied 12/25/1900 4/27/2004
33794181 STOCKTON 95203 CA Single Family Owner Occupied 12/25/1900 4/28/2004
34162768 COLUMBIA 65202 MO Single Family Owner Occupied 12/25/1900 4/29/2004
34203612 XXXXXXXXXX 00000 XX Multi Family - 2 Units Owner Occupied 12/25/1900 4/26/2004
33967860 AURORA 80010 CO Single Family Owner Occupied 12/25/1900 4/16/2004
33838970 CATHEDRAL CITY 92234 CA Condo Owner Occupied 12/25/1900 4/22/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
34247171 6/1/2004 5/1/2034 359 78500 78374.07 7.125 528.87 6/1/2004 80 0-29
4000129103 6/1/2004 5/1/2034 359 212800 212395.11 6.25 1,310.25 6/1/2004 95 0-29
33972852 6/1/2004 5/1/2034 359 157700 157700 5.625 739.22 6/1/2004 79.98985544 0-29
4000132867 6/1/2004 5/1/2034 358 199200 199200 5.625 933.75 7/1/2004 80 0-29
33119017 6/1/2004 5/1/2034 359 142300 142088.11 7.5 994.99 6/1/2004 79.98875773 0-29
33539263 6/1/2004 5/1/2034 359 47000 46923.05 7.25 320.63 6/1/2004 94.94949495 0-29
33963299 6/1/2004 5/1/2034 358 221000 221000 8.25 1,519.38 7/1/2004 85 0-29
33846916 6/1/2004 5/1/2034 359 116000 116000 6 580.00 6/1/2004 80 0-29
33953472 6/1/2004 5/1/2034 359 248500 248500 6.5 1,346.04 6/1/2004 99.4 0-29
33891045 6/1/2004 5/1/2034 359 156800 156800 6.625 865.67 6/1/2004 80 0-29
4000140704 6/1/2004 5/1/2034 359 186200 186200 5.75 892.21 6/1/2004 71.06870229 0-29
33085200 6/1/2004 5/1/2034 359 286400 286013.59 7.99 2,099.51 6/1/2004 89.9850758 0-29
33239351 6/1/2004 5/1/2034 359 221000 221000 6.5 1,197.08 6/1/2004 85 0-29
33560871 6/1/2004 5/1/2034 359 200000 200000 7.25 1,208.33 6/1/2004 78.43137255 0-29
33622598 6/1/2004 5/1/2034 359 67000 67000 5.375 300.10 6/1/2004 74.44444444 0-29
33821950 6/1/2004 5/1/2034 359 105600 105600 6.25 550.00 6/1/2004 80 0-29
33918723 6/1/2004 5/1/2034 359 84000 83874.91 7.5 587.35 6/1/2004 74.33628319 0-29
33920646 6/1/2004 5/1/2034 359 240850 240849.69 5.25 1,053.72 6/1/2004 79.99163052 0-29
33986985 6/1/2004 5/1/2034 359 200000 199723.82 7.875 1,450.14 6/1/2004 80 0-29
34023374 6/1/2004 5/1/2034 358 135000 134755.24 6.5 853.30 7/1/2004 71.05263158 0-29
34090209 6/1/2004 5/1/2034 359 251200 251200 6 1,256.00 6/1/2004 80 0-29
0000000000 6/1/2004 5/1/2034 359 296000 296000 5.375 1,325.83 6/1/2004 80 0-29
33889791 6/1/2004 5/1/2034 359 150350 150077.42 6.5 950.32 6/1/2004 74.98753117 0-29
33985169 6/1/2004 5/1/2034 358 150000 149822.24 8.625 1,166.69 7/1/2004 100 0-29
33970534 6/1/2004 5/1/2034 359 217550 217191.6 6.99 1,445.91 6/1/2004 95 0-29
34135566 6/1/2004 5/1/2034 359 38250 38195.83 7.75 274.03 6/1/2004 85 0-29
34243451 6/1/2004 5/1/2034 358 120000 119792.78 6.75 778.32 7/1/2004 43.63636364 0-29
33850199 6/1/2004 5/1/2034 359 212000 212000 4.875 861.25 6/1/2004 80 0-29
33847138 6/1/2004 5/1/2034 359 150000 149759.38 7.125 1,010.58 6/1/2004 75 0-29
33546797 6/1/2004 5/1/2034 359 300000 300000 4.375 1,093.75 6/1/2004 80 0-29
33983727 6/1/2004 5/1/2034 358 92000 92000 7.75 594.17 7/1/2004 80 0-29
34167932 6/1/2004 5/1/2034 359 100000 99835.57 7 665.31 6/1/2004 64.51612903 0-29
34203810 6/1/2004 5/1/2034 359 131600 131600 6.75 740.25 6/1/2004 80 0-29
33319963 6/1/2004 5/1/2034 359 155200 155200 6.875 889.17 6/1/2004 80 0-29
33746496 6/1/2004 5/1/2034 359 243200 243200 5.75 1,165.33 6/1/2004 80 0-29
33911868 6/1/2004 5/1/2034 359 100000 99818.71 6.5 632.07 6/1/2004 55.55555556 0-29
34128736 6/1/2004 5/1/2034 358 78000 77851.59 6.25 480.26 7/1/2004 65 0-29
33852351 6/1/2004 5/1/2034 359 109750 109750 5.375 491.59 6/1/2004 79.98688142 0-29
33357906 6/1/2004 5/1/2034 359 85600 85600 6.375 454.75 6/1/2004 80 0-29
4000142449 6/1/2004 5/1/2034 359 267000 267000 6.375 1,418.44 6/1/2004 92.06896552 0-29
33721713 6/1/2004 5/1/2034 359 129000 128821.86 7.875 935.34 6/1/2004 78.18181818 0-29
33711524 6/1/2004 5/1/2034 359 78750 78633.01 7.625 557.39 6/1/2004 90 0-29
4000135196 6/1/2004 5/1/2034 359 207000 207000 7.25 1,250.63 6/1/2004 90 0-29
33095829 6/1/2004 5/1/2034 359 183900 183900 5.875 900.34 6/1/2004 79.99130057 0-29
33950833 6/1/2004 5/1/2034 358 199000 198664.67 6.875 1,307.29 7/1/2004 81.2244898 0-29
34248146 6/1/2004 5/1/2034 359 145050 145050 6.5 785.69 6/1/2004 79.99977939 0-29
34026229 6/1/2004 5/1/2034 359 287900 287900 6.99 1,677.02 6/1/2004 79.9944429 0-29
33478645 6/1/2004 5/1/2034 359 292000 291359.3 5.5 1,657.95 6/1/2004 69.52380952 0-29
34025239 6/1/2004 5/1/2034 359 135000 134818.22 8 990.59 6/1/2004 90 0-29
34193573 6/1/2004 5/1/2034 359 128200 128022.96 7.875 929.54 6/1/2004 100 0-29
33949686 6/1/2004 5/1/2034 358 175600 175554.27 6.25 914.58 7/1/2004 80 0-29
33375114 6/1/2004 5/1/2034 359 235000 234508.57 6.875 1,543.79 6/1/2004 82.45614035 0-29
33684432 6/1/2004 5/1/2034 358 80000 79814.58 5.625 460.53 7/1/2004 61.17657855 0-29
34095398 6/1/2004 5/1/2034 359 290000 289499.22 6.75 1,880.94 6/1/2004 100 0-29
33477597 6/1/2004 5/1/2034 359 221000 220589.52 6.375 1,378.76 6/1/2004 83.39622642 0-29
34202408 6/1/2004 5/1/2034 359 165600 165528 6 828.00 6/1/2004 90 0-29
34116483 6/1/2004 5/1/2034 359 176000 176000 5.75 843.33 6/1/2004 80 0-29
33845371 6/1/2004 5/1/2034 359 85500 85378.91 7.75 612.54 6/1/2004 90 0-29
32378135 6/1/2004 5/1/2034 359 92000 92000 5.875 450.42 6/1/2004 80 0-29
33794181 6/1/2004 5/1/2034 359 200000 200000 6.99 1,165.00 6/1/2004 100 0-29
34162768 6/1/2004 5/1/2034 359 87200 87200 6.125 445.08 6/1/2004 80 0-29
34203612 6/1/2004 5/1/2034 358 342000 341394.84 6.625 2,189.87 7/1/2004 90 0-29
33967860 6/1/2004 5/1/2034 359 134400 134125.27 5.875 795.03 6/1/2004 80 0-29
33838970 6/1/2004 5/1/2034 359 110400 110199.84 6.5 697.81 6/1/2004 80 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
34247171 6ML 5.875 3 7.125 13.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000129103 6ML 5.75 3 6.25 12.25 36 6 mo.s interest less 20% xxxx 5/1/2006 6
33972852 6ML 4.5 3 5.625 11.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000132867 6ML 4.125 3 5.625 11.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33119017 6ML 6 3 7.5 13.5 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33539263 6ML 4.75 3 7.25 13.25 36 6 mo.s interest less 20% xxxx 5/1/2006 6
33963299 6ML 6.125 3 8.25 14.25 24 6 mo.s interest less 20% xxxx 5/1/2009 6
33846916 6ML 4.625 3 6 12 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33953472 6ML 5.5 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33891045 6ML 5.25 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000140704 6ML 4.375 3 5.75 11.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33085200 6ML 5.375 3 7.99 13.99 0 None 5/1/2006 6
33239351 6ML 4.125 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33560871 6ML 5.25 3 7.25 13.25 36 6 mo.s interest less 20% xxxx 5/1/2009 6
33622598 6ML 4.375 3 5.375 11.375 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33821950 6ML 4.625 3 6.25 12.25 0 None 5/1/2007 6
33918723 6ML 5.375 3 7.5 13.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33920646 6ML 4.375 3 5.25 11.25 36 6 mo.s interest less 20% xxxx 5/1/2006 6
33986985 6ML 5.375 3 7.875 13.875 0 None 5/1/2006 6
34023374 6ML 4.5 3 6.5 12.5 0 None 5/1/2006 6
34090209 6ML 3.875 3 6 12 36 6 mo.s interest less 20% xxxx 5/1/2009 6
0000000000 6ML 3.375 3 5.375 11.375 24 6 mo.s interest less 20% xxxx 5/1/2009 6
33889791 6ML 5.125 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33985169 6ML 6.125 3 8.625 14.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33970534 6ML 6.5 3 6.99 12.99 36 6 mo.s interest less 20% xxxx 5/1/2007 6
34135566 6ML 6.875 3 7.75 13.75 36 6 mo.s interest less 20% xxxx 5/1/2006 6
34243451 6ML 4.75 3 6.75 12.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33850199 6ML 4.25 3 4.875 10.875 36 6 mo.s interest less 20% xxxx 5/1/2006 6
33847138 6ML 5.25 3 7.125 13.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33546797 6ML 3.375 3 4.375 10.375 36 6 mo.s interest less 20% xxxx 5/1/2006 6
33983727 6ML 5.625 3 7.75 13.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34167932 6ML 3.125 3 7 13 0 None 5/1/2006 6
34203810 6ML 5.5 3 6.75 12.75 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33319963 6ML 4.75 3 6.875 12.875 12 6 mo.s interest less 20% xxxx 5/1/2006 6
33746496 6ML 4.375 3 5.75 11.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33911868 6ML 4.875 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34128736 6ML 4.875 3 6.25 12.25 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33852351 6ML 4 3 5.375 11.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33357906 6ML 4.875 3 6.375 12.375 0 None 5/1/2007 6
4000142449 6ML 5.25 3 6.375 12.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33721713 6ML 6 3 7.875 13.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33711524 6ML 6 3 7.625 13.625 12 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
4000135196 6ML 5 3 7.25 13.25 0 None 5/1/2006 6
33095829 6ML 4.5 3 5.875 11.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33950833 6ML 6.125 3 6.875 12.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34248146 6ML 5.125 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34026229 6ML 5.375 3 6.99 12.99 12 6 mo.s interest less 20% xxxx 5/1/2006 6
33478645 6ML 3.5 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2009 6
34025239 6ML 6.75 3 8 14 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34193573 6ML 5.625 3 7.875 13.875 0 None 5/1/2007 6
33949686 6ML 4.625 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33375114 6ML 5.875 3 6.875 12.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33684432 6ML 4.25 3 5.625 11.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34095398 6ML 6 3 6.75 12.75 36 6 mo.s interest less 20% xxxx 5/1/2007 6
33477597 6ML 5.25 3 6.375 12.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34202408 6ML 5.375 3 6 12 36 min (2% prepaid, 60 days interest) 5/1/2006 6
34116483 6ML 4.5 3 5.75 11.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33845371 6ML 6.5 3 7.75 13.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
32378135 6ML 4.5 3 5.875 11.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33794181 6ML 5.625 3 6.99 12.99 36 6 mo.s interest less 20% xxxx 5/1/2006 6
34162768 6ML 4.5 3 6.125 12.125 24 2% prepaid 5/1/2006 6
34203612 6ML 6.5 3 6.625 12.625 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33967860 6ML 4.5 3 5.875 11.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33838970 6ML 4.75 3 6.5 12.5 12 6 mo.s interest less 20% xxxx 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
34247171 6 Purchase N N 0
4000129103 6 R/T Refi N N 0
33972852 6 Purchase N Y 60
4000132867 6 Purchase N Y 60
33119017 6 Purchase N N 0
33539263 6 Purchase N N 0
33963299 6 R/T Refi N Y 60
33846916 6 Purchase N Y 60
33953472 6 Purchase N Y 60
33891045 6 Purchase N Y 60
4000140704 6 R/T Refi N Y 60
33085200 6 Purchase N N 0
33239351 6 X/X Xxxx X X 00
00000000 0 X/X Xxxx X Y 60
33622598 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33918723 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33986985 6 C/O Refi N N 0
34023374 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
0000000000 6 R/T Refi N Y 60
33889791 6 Purchase N N 0
33985169 6 Purchase N N 0
33970534 6 Purchase N N 0
34135566 6 Purchase N N 0
34243451 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33847138 6 R/T Refi N N 0
33546797 6 Purchase N Y 60
33983727 6 Purchase N Y 60
34167932 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33319963 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33911868 6 C/O Refi N N 0
34128736 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33357906 6 Purchase N Y 60
4000142449 6 C/O Refi N Y 60
33721713 6 C/O Refi N N 0
33711524 6 R/T Refi N N 0
4000135196 6 Purchase N Y 60
33095829 6 Purchase N Y 60
33950833 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34026229 6 Purchase N Y 60
33478645 6 C/O Refi N N 0
34025239 6 Purchase N N 0
34193573 6 Purchase N N 0
33949686 6 Purchase N Y 60
33375114 6 C/O Refi N N 0
33684432 6 Purchase N N 0
34095398 6 Purchase N N 0
33477597 6 C/O Refi N N 0
34202408 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33845371 6 Purchase N N 0
32378135 6 Purchase N Y 60
33794181 6 Purchase N Y 60
34162768 6 Purchase N Y 60
34203612 6 C/O Refi N N 0
33967860 6 C/O Refi N N 0
33838970 6 Purchase N N 0
D-1-4
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33970708 ARVADA 80003 CO Single Family Owner Occupied 12/25/1900 4/28/2004
33974353 DENVER 80204 CO Single Family Owner Occupied 12/25/1900 4/29/2004
33888447 BALTIMORE 21206 MD Single Family Owner Occupied 12/25/1900 4/26/2004
33989740 PORT ST. LUCIE 34986 FL Single Family Owner Occupied 12/25/1900 4/30/2004
33626490 PONTIAC 48340 MI Single Family Owner Occupied 12/25/1900 4/23/2004
33525452 XXXXXXXX 41042 KY Single Family Owner Occupied 12/25/1900 4/23/2004
33120080 FARMINGTON 55024 MN Condo Owner Occupied 12/25/1900 4/26/2004
33283433 SAN XXXX 95118 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33888553 WINDSOR MILL 21244 MD Single Family Owner Occupied 12/25/1900 4/29/2004
33889999 LAUREL 20707 MD Condo Owner Occupied 12/25/1900 4/26/2004
34203398 XXXXX XXXXX XXXXXXX 00000 MN Condo Owner Occupied 12/25/1900 4/26/2004
34090068 WEST COVINA 91790 CA Single Family Owner Occupied 12/25/1900 4/26/2004
34262501 XXXXXXX 00000 XX PUD Non-Owner Occupied 12/25/1900 4/30/2004
34113779 NORWALK 90650 CA Single Family Owner Occupied 12/25/1900 4/12/2004
33291618 MERCED 95348 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33240235 LAS VEGAS 89147 NV PUD Second Home 12/25/1900 4/23/2004
33947458 RIVERSIDE 92509 CA Single Family Owner Occupied 12/25/1900 4/8/2004
33460288 DOWNINGTOWN 19335 PA Single Family Owner Occupied 12/25/1900 4/29/2004
33949181 XXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/13/2004
33769498 BRONX 10460 NY Multi Family - 2 Units Owner Occupied 12/25/1900 4/28/2004
34118760 SAN BERNARDINO 92410 CA Single Family Owner Occupied 12/25/1900 4/20/2004
4000139745 LODI 95242 CA Single Family Owner Occupied 12/25/1900 4/16/2004
34143511 COLTON 97017 OR Single Family Owner Occupied 12/25/1900 4/21/2004
4000120604 SNELLVILLE 30039 GA PUD Owner Occupied 12/25/1900 3/19/2004
33173394 DETROIT 48215 MI Single Family Owner Occupied 12/25/1900 5/3/2004
33955311 LOS ANGELES 90001 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33784398 TRACY 95304 CA PUD Owner Occupied 12/25/1900 4/8/2004
34128983 XXXXXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 4/26/2004
0000000000 SOUTHFIELD 48075 MI Single Family Owner Occupied 12/25/1900 4/26/2004
33733197 XXXXXX 00000 XX Multi Family - 2 Units Non-Owner Occupied 12/25/1900 4/7/2004
33831066 SAN JACINTO 92582 CA Single Family Owner Occupied 12/25/1900 4/15/2004
33711359 GILBERTS 60136 IL PUD Owner Occupied 12/25/1900 4/23/2004
34206136 XXXXXXXX 55316 MN Single Family Owner Occupied 12/25/1900 4/28/2004
33886441 WINCHESTER 22601 VA Single Family Owner Occupied 12/25/1900 4/23/2004
33120528 MINNEAPOLIS 55417 MN Single Family Owner Occupied 12/25/1900 4/23/2004
4000134241 SARASOTA 34238 FL Condo Owner Occupied 12/25/1900 4/20/2004
33909458 OVIEDO 32765 FL PUD Owner Occupied 12/25/1900 4/26/2004
33174194 GRAND RAPIDS 49507 MI Single Family Owner Occupied 12/25/1900 4/30/2004
34112565 RIVERSIDE 92504 CA PUD Owner Occupied 12/25/1900 4/22/2004
33356981 GREENVILLE 29605 SC Single Family Owner Occupied 12/25/1900 4/30/2004
33992777 HOLLYWOOD 33020 FL Multi Family - 2 Units Owner Occupied 12/25/1900 4/30/2004
34089854 RESEDA 91335 CA Single Family Owner Occupied 12/25/1900 4/20/2004
34116574 GARDENA 90247 CA Single Family Owner Occupied 12/25/1900 4/19/2004
33867144 SAINT LOUIS 63136 MO Single Family Owner Occupied 12/25/1900 4/30/2004
33743808 PUYALLUP 98373 WA PUD Owner Occupied 12/25/1900 4/15/2004
34143958 OREGON CITY 97045 OR Single Family Owner Occupied 12/25/1900 4/12/2004
33927575 XXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/22/2004
33627050 WATERFORD 48328 MI Single Family Owner Occupied 12/25/1900 4/30/2004
33789546 MODESTO 95356 CA Single Family Owner Occupied 12/25/1900 4/19/2004
33920059 XXXXXXXX 36582 AL Single Family Owner Occupied 12/25/1900 4/26/2004
33838038 PALMDALE 93591 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33787979 XXXXXXXXX 00000 CA PUD Owner Occupied 12/25/1900 4/9/2004
33234998 XXXXXX CITY 89706 NV Single Family Owner Occupied 12/25/1900 3/25/2004
33748526 OAK HARBOR 98277 WA Single Family Owner Occupied 12/25/1900 4/16/2004
33850827 XXXXXXXXXXXX 00000 XX Condo Owner Occupied 12/25/1900 4/23/2004
33850843 XXXXXXXXXXXX 00000 XX Condo Non-Owner Occupied 12/25/1900 4/23/2004
33927336 JEFFERSON 44047 OH Single Family Owner Occupied 12/25/1900 4/26/2004
33720210 CHICAGO 60651 IL Single Family Owner Occupied 12/25/1900 5/3/2004
34107433 LAGUNA HILLS 92653 CA Condo Owner Occupied 12/25/1900 4/14/2004
33008657 BUNKER HILL 46914 IN Single Family Owner Occupied 12/25/1900 4/23/2004
33806902 ELLENWOOD 30294 GA PUD Owner Occupied 12/25/1900 4/30/2004
33740861 RIALTO 92376 CA Single Family Owner Occupied 12/25/1900 4/27/2004
34042705 XXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/16/2004
33355991 APEX 27502 NC Single Family Owner Occupied 12/25/1900 4/26/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33970708 6/1/2004 5/1/2034 358 240000 240000 4.5 900.00 7/1/2004 80 0-29
33974353 6/1/2004 5/1/2034 359 138400 138400 5.25 605.50 6/1/2004 80 0-29
33888447 6/1/2004 5/1/2034 359 106250 106114.01 8.25 798.23 6/1/2004 85 0-29
33989740 6/1/2004 5/1/2034 359 163200 163200 6.625 901.00 6/1/2004 80 0-29
33626490 6/1/2004 5/1/2034 359 81900 81768.61 7.125 551.78 6/1/2004 90 0-29
33525452 6/1/2004 5/1/2034 358 70000 69993.75 6.75 393.75 7/1/2004 53.4351145 0-29
33120080 6/1/2004 5/1/2034 359 153250 153250 6.75 862.03 6/1/2004 94.98633312 0-29
33283433 6/1/2004 5/1/2034 359 246500 239332.86 6.875 1,412.24 6/1/2004 49.3 0-29
33888553 6/1/2004 5/1/2034 359 163000 162780.07 7.99 1,194.91 6/1/2004 100 0-29
33889999 6/1/2004 5/1/2034 359 153000 153000 7.625 972.19 6/1/2004 85 0-29
34203398 6/1/2004 5/1/2034 358 170000 169713.54 6.875 1,116.78 7/1/2004 72.34042553 0-29
34090068 6/1/2004 5/1/2034 359 172800 172438.3 5.75 1,008.42 6/1/2004 80 0-29
34262501 6/1/2004 5/1/2034 359 99430 99240.81 6.25 612.21 6/1/2004 60.26060606 0-29
34113779 6/1/2004 5/1/2034 359 248000 248000 5.99 1,237.93 6/1/2004 67.02702703 0-29
33291618 6/1/2004 5/1/2034 359 272450 272450 6.25 1,419.01 6/1/2004 79.99494985 0-29
33240235 6/1/2004 5/1/2034 358 140800 140556.86 6.75 913.23 7/1/2004 80 0-29
33947458 6/1/2004 5/1/2034 359 229500 229485 6.125 1,171.41 6/1/2004 90 0-29
33460288 6/1/2004 5/1/2034 358 272200 271603.9 6.625 1,742.93 7/1/2004 99.98714346 0-29
33949181 6/1/2004 5/1/2034 359 328000 328000 5.625 1,537.50 6/1/2004 80 0-29
33769498 6/1/2004 5/1/2034 359 359000 358540.58 8.25 2,697.05 6/1/2004 100 0-29
34118760 6/1/2004 5/1/2034 359 164000 163723.63 6.875 1,077.37 6/1/2004 80 0-29
4000139745 6/1/2004 5/1/2034 359 235950 235950 6.25 1,228.91 6/1/2004 79.99660959 0-29
34143511 6/1/2004 5/1/2034 358 123750 123750 6.25 644.53 7/1/2004 79.99353588 0-29
4000120604 5/1/2004 4/1/2034 358 182750 182750 7.25 1,104.11 6/1/2004 85 0-29
33173394 6/1/2004 5/1/2034 358 64800 64701.08 7.375 447.56 7/1/2004 90 0-29
33955311 6/1/2004 5/1/2034 359 207000 206999.28 7.875 1,358.44 6/1/2004 90 0-29
33784398 6/1/2004 5/1/2034 359 308600 308600 5.625 1,446.56 6/1/2004 79.987144 0-29
34128983 6/1/2004 5/1/2034 359 195300 194945.94 6.5 1,234.43 6/1/2004 90 0-29
0000000000 6/1/2004 5/1/2034 358 130400 130110.03 5.625 611.25 7/1/2004 80 0-29
33733197 6/1/2004 5/1/2034 359 292500 292500 7.375 1,797.66 6/1/2004 90 0-29
33831066 6/1/2004 5/1/2034 358 201600 201600 4.75 798.00 7/1/2004 80 0-29
33711359 6/1/2004 5/1/2034 359 262850 262417.82 7 1,748.75 6/1/2004 89.99832227 0-29
34206136 6/1/2004 5/1/2034 358 203200 203100 6.625 1,121.83 7/1/2004 80 0-29
33886441 6/1/2004 5/1/2034 359 96450 96432.48 6.625 532.48 6/1/2004 79.97512438 0-29
33120528 6/1/2004 5/1/2034 358 180000 179711.25 7.125 1,212.70 7/1/2004 82.19178082 0-29
4000134241 6/1/2004 5/1/2034 359 148800 148800 5.5 682.00 6/1/2004 80 0-29
33909458 6/1/2004 5/1/2034 359 142800 142565.2 7 950.06 6/1/2004 85 0-29
33174194 6/1/2004 5/1/2034 359 66800 66687.44 6.875 438.83 6/1/2004 80 0-29
34112565 6/1/2004 5/1/2034 359 199200 199200 5.625 933.75 6/1/2004 80 0-29
33356981 6/1/2004 5/1/2034 358 245000 244625.99 7.375 1,692.16 7/1/2004 100 0-29
33992777 6/1/2004 5/1/2034 359 144000 143757.35 6.875 945.98 6/1/2004 90 0-29
34089854 6/1/2004 5/1/2034 359 280000 280000 4.99 1,164.33 6/1/2004 80 0-29
34116574 6/1/2004 5/1/2034 359 272000 272000 5.75 1,303.33 6/1/2004 80 0-29
33867144 6/1/2004 5/1/2034 359 80750 80629.76 7.5 564.62 6/1/2004 95 0-29
33743808 6/1/2004 5/1/2034 359 142632 142632 5.625 668.59 6/1/2004 80 0-29
34143958 6/1/2004 5/1/2034 359 140000 139998.83 5.99 698.83 6/1/2004 80 0-29
33927575 6/1/2004 5/1/2034 358 75600 75455.48 8 554.73 7/1/2004 90 0-29
33627050 6/1/2004 5/1/2034 359 148800 148800 6.625 821.50 6/1/2004 80 0-29
33789546 6/1/2004 5/1/2034 358 263200 263200 6.125 1,343.42 7/1/2004 80 0-29
33920059 6/1/2004 5/1/2034 359 87500 87366.41 7.375 604.35 6/1/2004 84.95145631 0-29
33838038 6/1/2004 5/1/2034 359 128000 128000 6.625 706.67 6/1/2004 87.67123288 0-29
33787979 6/1/2004 5/1/2034 359 282050 282015.32 4.875 1,145.83 6/1/2004 79.99103805 0-29
33234998 5/1/2004 4/1/2034 358 184000 184000 5.625 862.50 6/1/2004 80 0-29
33748526 6/1/2004 5/1/2034 359 158000 158000 7.125 938.13 6/1/2004 81.86528497 0-29
33850827 6/1/2004 5/1/2034 359 88350 88350 6.25 460.16 6/1/2004 95 0-29
33850843 6/1/2004 5/1/2034 359 44000 44000 6.125 224.58 6/1/2004 80 0-29
33927336 6/1/2004 5/1/2034 358 73600 73600 6.625 406.33 7/1/2004 80 0-29
33720210 7/1/2004 6/1/2034 360 84000 83925.88 6.625 537.87 7/1/2004 100 0-29
34107433 6/1/2004 5/1/2034 359 223200 223200 7.5 1,395.00 6/1/2004 90 0-29
33008657 6/1/2004 5/1/2034 359 72250 72157.52 8.25 542.80 6/1/2004 85 0-29
33806902 6/1/2004 5/1/2034 359 141520 141520 5.75 678.12 6/1/2004 80 0-29
33740861 6/1/2004 5/1/2034 359 225000 225000 7.875 1,476.56 6/1/2004 100 0-29
34042705 6/1/2004 5/1/2034 359 121600 121423.42 7.625 860.68 6/1/2004 80 0-29
33355991 6/1/2004 5/1/2034 359 165000 165000 7 962.50 6/1/2004 78.94736842 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33970708 6ML 3.625 3 4.5 10.5 36 6 mo.s interest less 20% xxxx 5/1/2007 6
33974353 6ML 3.5 3 5.25 11.25 24 6 mo.s interest less 20% xxxx 5/1/2009 6
33888447 6ML 6.375 3 8.25 14.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33989740 6ML 5.375 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33626490 6ML 6.375 3 7.125 13.125 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33525452 6ML 4.375 3 6.75 12.75 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2009 6
33120080 6ML 5.5 3 6.75 12.75 36 min (2% prepaid, 60 days interest) 5/1/2007 6
33283433 6ML 4.875 3 6.875 12.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33888553 6ML 5.75 3 7.99 13.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33889999 6ML 6.125 3 7.625 13.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34203398 6ML 4.25 3 6.875 12.875 36 min (2% prepaid, 60 days interest) 5/1/2006 6
34090068 6ML 4.375 3 5.75 11.75 36 6 mo.s interest less 20% xxxx 5/1/2009 6
34262501 6ML 4.125 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2007 6
34113779 6ML 4.25 3 5.99 11.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33291618 6ML 4.875 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33240235 6ML 3.5 3 6.75 12.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33947458 6ML 5 3 6.125 12.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33460288 6ML 5.25 3 6.625 12.625 0 None 5/1/2006 6
33949181 6ML 4 3 5.625 11.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33769498 6ML 6 3 8.25 14.25 0 None 5/1/2006 6
34118760 6ML 5 3 6.875 12.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000139745 6ML 5.125 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34143511 6ML 4.5 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000120604 6ML 5.875 3 7.25 13.25 0 None 4/1/2006 6
33173394 6ML 6.125 3 7.375 13.375 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33955311 6ML 6.375 3 7.875 13.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33784398 6ML 4.25 3 5.625 11.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34128983 6ML 5.5 3 6.5 12.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
0000000000 6ML 4.125 3 5.625 11.625 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33733197 6ML 5.125 3 7.375 13.375 0 None 5/1/2006 6
33831066 6ML 3.5 1 4.75 10.75 24 6 mo.s interest less 20% xxxx 11/1/2004 6
33711359 6ML 5.125 3 7 13 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34206136 6ML 5.25 3 6.625 12.625 36 min (2% prepaid, 60 days interest) 5/1/2009 6
33886441 6ML 4.625 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2009 6
33120528 6ML 6.375 3 7.125 13.125 36 min (2% prepaid, 60 days interest) 5/1/2006 6
4000134241 6ML 3.5 3 5.5 11.5 36 6 mo.s interest less 20% xxxx 5/1/2009 6
33909458 6ML 5.75 3 7 13 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33174194 6ML 5.625 3 6.875 12.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34112565 6ML 3.875 3 5.625 11.625 36 6 mo.s interest less 20% xxxx 5/1/2009 6
33356981 6ML 5.875 3 7.375 13.375 0 None 5/1/2006 6
33992777 6ML 4.75 3 6.875 12.875 0 None 5/1/2006 6
34089854 6ML 3.75 3 4.99 10.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34116574 6ML 3.5 3 5.75 11.75 0 None 5/1/2006 6
33867144 6ML 6.625 3 7.5 13.5 24 2% prepaid 5/1/2006 6
33743808 6ML 4 3 5.625 11.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34143958 6ML 4 3 5.99 11.99 36 6 mo.s interest less 20% xxxx 5/1/2009 6
33927575 6ML 6.75 3 8 14 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33627050 6ML 3.75 3 6.625 12.625 0 None 5/1/2009 6
33789546 6ML 4.75 3 6.125 12.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33920059 6ML 6.25 3 7.375 13.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33838038 6ML 5.25 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33787979 6ML 3.375 3 4.875 10.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33234998 6ML 3.875 3 5.625 11.625 36 6 mo.s interest less 20% xxxx 4/1/2009 6
33748526 6ML 5.625 3 7.125 13.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33850827 6ML 5.125 1 6.25 12.25 36 6 mo.s interest less 20% xxxx 11/1/2004 6
33850843 6ML 4 1 6.125 12.125 24 6 mo.s interest less 20% xxxx 11/1/2004 6
33927336 6ML 4.125 3 6.625 12.625 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2009 6
33720210 6ML 5.25 3 6.625 12.625 12 3%/2%/1%-1st yr/2nd yr/3rd yr 6/1/2006 6
34107433 6ML 6.375 3 7.5 13.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33008657 6ML 6.625 3 8.25 14.25 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33806902 6ML 4.375 3 5.75 11.75 0 None 5/1/2006 6
33740861 6ML 6 3 7.875 13.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34042705 6ML 5 3 7.625 13.625 0 None 5/1/2009 6
33355991 6ML 5.125 3 7 13 0 None 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33970708 6 Purchase N Y 60
33974353 6 Purchase N Y 60
33888447 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33626490 6 C/O Refi N N 0
33525452 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33283433 6 R/T Refi N Y 60
33888553 6 Purchase N N 0
33889999 6 C/O Refi N Y 60
34203398 6 C/O Refi N N 0
34090068 6 C/O Refi N N 0
34262501 6 R/T Refi N N 0
34113779 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33240235 6 Purchase N N 0
33947458 6 C/O Refi N Y 60
33460288 6 Purchase N N 0
33949181 6 C/O Refi N Y 60
33769498 6 Purchase N N 0
34118760 6 X/X Xxxx X X 0
0000000000 0 Xxxxxxxx X Y 60
34143511 6 Purchase N Y 60
4000120604 6 R/T Refi N Y 60
33173394 6 Purchase N N 0
33955311 6 R/T Refi N Y 60
33784398 6 Purchase N Y 60
34128983 6 C/O Refi N N 0
0000000000 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33831066 6 Purchase N Y 60
33711359 6 Purchase N N 0
34206136 6 Purchase N Y 60
33886441 6 Purchase N Y 60
33120528 6 C/O Refi N N 0
4000134241 6 C/O Refi N Y 60
33909458 6 C/O Refi N N 0
33174194 6 Purchase N N 0
34112565 6 Purchase N Y 60
33356981 6 Purchase N N 0
33992777 6 Purchase N N 0
34089854 6 Purchase N Y 60
34116574 6 C/O Refi N Y 60
33867144 6 Purchase N N 0
33743808 6 Purchase N Y 60
34143958 6 C/O Refi N Y 60
33927575 6 Purchase N N 0
33627050 6 Purchase N Y 60
33789546 6 Purchase N Y 60
33920059 6 C/O Refi N N 0
33838038 6 C/O Refi N Y 60
33787979 6 Purchase N Y 60
33234998 6 C/O Refi N Y 60
33748526 6 R/T Refi N Y 60
33850827 6 C/O Refi N Y 60
33850843 6 C/O Refi N Y 60
33927336 6 C/O Refi N Y 60
33720210 6 Purchase N N 0
34107433 6 C/O Refi N Y 60
33008657 6 C/O Refi N N 0
33806902 6 Purchase N Y 60
33740861 6 Purchase N Y 60
34042705 6 C/O Refi N N 0
33355991 6 R/T Refi N Y 60
D-1-5
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33528993 TRAFFORD 15085 PA Single Family Owner Occupied 12/25/1900 4/26/2004
33848268 WASHINGTON 84780 UT Single Family Owner Occupied 12/25/1900 4/29/2004
34205146 SAINT LOUIS PARK 55426 MN Single Family Owner Occupied 12/25/1900 4/30/2004
34243717 CLERMONT 34711 FL PUD Owner Occupied 12/25/1900 4/30/2004
33373614 DETROIT 48226 MI Single Family Owner Occupied 12/25/1900 4/20/2004
34109025 MENIFEE 92584 CA PUD Owner Occupied 12/25/1900 4/20/2004
34186643 LILBURN 30047 GA PUD Owner Occupied 12/25/1900 4/23/2004
34192518 AUBURN 36830 AL PUD Owner Occupied 12/25/1900 4/30/2004
33792318 ANTIOCH 94531 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33745928 TACOMA 98445 WA PUD Owner Occupied 12/25/1900 4/20/2004
33585373 HOUSTON 77083 TX Condo Owner Occupied 12/25/1900 4/20/2004
33928219 HIGHLAND HGTS. 44143 OH Single Family Owner Occupied 12/25/1900 4/21/2004
33992751 HIALEAH 33014 FL Condo Owner Occupied 12/25/1900 4/30/2004
4000123863 ONTARIO 91761 CA PUD Owner Occupied 12/25/1900 4/28/2004
4000141901 MODESTO 95355 CA Single Family Owner Occupied 12/25/1900 4/19/2004
34165910 CHICAGO 60651 IL Multi Family - 2 Units Owner Occupied 12/25/1900 4/26/2004
34323022 LONG BEACH 90805 CA Single Family Owner Occupied 12/25/1900 4/26/2004
4000140310 BAKERSFIELD 93309 CA Single Family Non-Owner Occupied 12/25/1900 4/27/2004
4000138884 SAN DIEGO 92114 CA Single Family Owner Occupied 12/25/1900 4/12/2004
34084129 DOWNEY 90240 CA Single Family Owner Occupied 12/25/1900 4/22/2004
34093211 HAWTHORNE 90250 CA Single Family Owner Occupied 12/25/1900 4/26/2004
34121277 LONG BEACH 90805 CA Single Family Owner Occupied 12/25/1900 4/22/2004
34113910 DOWNEY 90240 CA Single Family Owner Occupied 12/25/1900 4/23/2004
34088617 COLTON 92324 CA Single Family Owner Occupied 12/25/1900 4/16/2004
32964637 ARKANSAS CITY 67005 KS Single Family Owner Occupied 12/25/1900 4/26/2004
33686924 SAN JOSE 95116 CA Single Family Owner Occupied 12/25/1900 4/14/2004
33972084 DENVER 80237 CO Condo Owner Occupied 12/25/1900 4/28/2004
34052308 IRVING 75060 TX Single Family Owner Occupied 12/25/1900 4/26/2004
34122937 KOKOMO 46901 IN Single Family Owner Occupied 12/25/1900 4/27/2004
34148874 BEAVERTON 97007 OR PUD Owner Occupied 12/25/1900 4/20/2004
33919630 CLEARWATER 33755 FL Single Family Owner Occupied 12/25/1900 4/22/2004
34088096 FRESNO 93727 CA PUD Owner Occupied 12/25/1900 4/13/2004
34186163 GREENBRIER 37073 TN Single Family Owner Occupied 12/25/1900 4/23/2004
34188763 NORCROSS 30071 GA PUD Owner Occupied 360 4/30/2004
33845439 MURRAY 84107 UT Condo Owner Occupied 12/25/1900 4/20/2004
34025932 HAMDEN 6514 CT Single Family Owner Occupied 12/25/1900 4/23/2004
34244152 KISSIMMEE 34741 FL PUD Owner Occupied 12/25/1900 4/30/2004
4000143307 MANTECA 95337 CA PUD Owner Occupied 12/25/1900 4/23/2004
33219205 EL MIRAGE 85335 AZ PUD Owner Occupied 12/25/1900 4/19/2004
33844275 WEST JORDAN 84088 UT Single Family Owner Occupied 12/25/1900 4/20/2004
34142315 OREGON CITY 97045 OR PUD Owner Occupied 12/25/1900 4/14/2004
33172909 WALLED LAKE 48390 MI Condo Owner Occupied 12/25/1900 4/26/2004
33845157 SARATOGA SPRINGS 84043 UT Condo Owner Occupied 12/25/1900 4/28/2004
34187377 COLUMBIA 38401 TN Single Family Owner Occupied 12/25/1900 4/30/2004
33172123 HARRISON TWP 48045 MI Single Family Owner Occupied 12/25/1900 4/26/2004
33925959 NAVARRE 44662 OH Single Family Owner Occupied 12/25/1900 4/29/2004
33750977 KENMORE 98028 WA Single Family Owner Occupied 360 4/27/2004
4000129584 TACOMA 98445 WA Single Family Owner Occupied 12/25/1900 4/21/2004
33476045 LOS ANGELES 91040 CA Multi Family - 3 Units Owner Occupied 12/25/1900 4/19/2004
33866229 DETROIT 48203 MI Single Family Owner Occupied 12/25/1900 4/15/2004
33884362 BEALETON 22712 VA PUD Owner Occupied 12/25/1900 4/28/2004
4000143851 SACRAMENTO 95829 CA Single Family Owner Occupied 12/25/1900 4/26/2004
4000142701 SACRAMENTO 95820 CA Single Family Owner Occupied 12/25/1900 4/23/2004
34115568 CHINO HILLS 91709 CA PUD Owner Occupied 12/25/1900 4/23/2004
33356882 CARY 27519 NC PUD Owner Occupied 12/25/1900 4/30/2004
34028357 NORTH BROOKFIELD 1535 MA Multi Family - 2 Units Owner Occupied 12/25/1900 4/30/2004
33477902 INGLEWOOD AREA 90304 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33835331 BEAUMONT 92223 CA Single Family Owner Occupied 12/25/1900 4/8/2004
33848037 MURRAY 84107 UT Condo Owner Occupied 12/25/1900 4/21/2004
33927757 BEDFORD 44146 OH Single Family Owner Occupied 12/25/1900 4/22/2004
33970781 LAKEWOOD 80228 CO Condo Owner Occupied 12/25/1900 4/30/2004
33989526 FORT LAUDERDALE 33309 FL Single Family Owner Occupied 12/25/1900 4/26/2004
34054882 FORT WORTH 76247 TX PUD Owner Occupied 12/25/1900 4/30/2004
34185538 DOUGLASVILLE 30134 GA Single Family Owner Occupied 12/25/1900 4/21/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33528993 6/1/2004 5/1/2034 359 110500 110369.05 8.625 859.46 6/1/2004 85 0-29
33848268 6/1/2004 5/1/2034 359 136000 136000 5.125 580.83 6/1/2004 80 0-29
34205146 6/1/2004 5/1/2034 359 198150 197744.95 5.875 1,172.14 6/1/2004 79.99111883 0-29
34243717 6/1/2004 5/1/2034 359 134400 134138.07 6.125 816.63 6/1/2004 80 0-29
33373614 6/1/2004 5/1/2034 359 99900 99900 6.375 530.72 6/1/2004 90 0-29
34109025 6/1/2004 5/1/2034 359 274650 274648.81 5.5 1,258.81 6/1/2004 79.98637043 0-29
34186643 6/1/2004 5/1/2034 354 150001 150001 4 500.00 1/1/2004 66.66711111 0-29
34192518 6/1/2004 5/1/2034 359 181600 181219.89 5.75 1,059.77 6/1/2004 80 0-29
33792318 6/1/2004 5/1/2034 359 329600 329600 5.5 1,510.67 6/1/2004 80 0-29
33745928 6/1/2004 5/1/2034 359 143600 143313.37 6 860.96 6/1/2004 80 0-29
33585373 6/1/2004 5/1/2034 358 60000 59885.82 6.25 369.44 7/1/2004 80 0-29
33928219 6/1/2004 5/1/2034 359 164700 164454.77 7.5 1,151.61 6/1/2004 90 0-29
33992751 6/1/2004 5/1/2034 358 104000 104000 6.75 585.00 7/1/2004 80 0-29
4000123863 6/1/2004 5/1/2034 358 256000 256000 5.25 1,120.00 7/1/2004 80 0-29
4000141901 6/1/2004 5/1/2034 359 241800 241800 6.125 1,234.19 6/1/2004 89.88847584 0-29
34165910 6/1/2004 5/1/2034 359 211500 211152.25 7 1,407.12 6/1/2004 90 0-29
34323022 6/1/2004 5/1/2034 359 224000 224000 6.625 1,236.67 6/1/2004 80 0-29
4000140310 6/1/2004 5/1/2034 359 115500 115500 5.75 553.44 6/1/2004 70 0-29
4000138884 6/1/2004 5/1/2034 358 300000 300000 5.75 1,437.50 7/1/2004 80 0-29
34084129 6/1/2004 5/1/2034 358 252000 252000 5.25 1,102.50 7/1/2004 80 0-29
34093211 6/1/2004 5/1/2034 359 229000 228574.66 6.375 1,428.67 6/1/2004 63.61111111 0-29
34121277 6/1/2004 5/1/2034 359 305000 305000 6.625 1,683.85 6/1/2004 100 0-29
34113910 6/1/2004 5/1/2034 359 324000 324000 6.5 1,755.00 6/1/2004 80 0-29
34088617 6/1/2004 5/1/2034 359 105000 104809.63 6.5 663.68 6/1/2004 59.3220339 0-29
32964637 6/1/2004 5/1/2034 359 78000 77883.86 7.5 545.39 6/1/2004 89.65517241 0-29
33686924 6/1/2004 5/1/2034 359 328000 327999.8 5.75 1,571.67 6/1/2004 80 0-29
33972084 6/1/2004 5/1/2034 359 166500 166499.99 8.5 1,179.38 6/1/2004 90 0-29
34052308 6/1/2004 5/1/2034 359 122400 122218.84 9.125 995.89 6/1/2004 80 0-29
34122937 6/1/2004 5/1/2034 358 106850 106680.59 7.25 728.91 7/1/2004 94.97777778 0-29
34148874 6/1/2004 5/1/2034 359 234650 234214.16 6.375 1,463.92 6/1/2004 95 0-29
33919630 6/1/2004 5/1/2034 358 110200 110200 6.375 585.44 7/1/2004 95 0-29
34088096 6/1/2004 5/1/2034 358 103600 103549.55 5.5 474.83 7/1/2004 80 0-29
34186163 6/1/2004 5/1/2034 359 90900 90780.68 8.125 674.93 6/1/2004 90 0-29
34188763 6/1/2004 5/1/2034 12/24/1900 156750 156719.78 5.5 718.44 6/1/2004 3/19/1900 0-29
33845439 6/1/2004 5/1/2034 359 73200 73199.1 5.875 358.38 6/1/2004 80 0-29
34025932 6/1/2004 5/1/2034 358 163200 163200 6.25 850.00 7/1/2004 80 0-29
34244152 6/1/2004 5/1/2034 359 112800 112800 5.75 540.50 6/1/2004 80 0-29
4000143307 6/1/2004 5/1/2034 359 188000 188000 6.25 979.17 6/1/2004 80 0-29
33219205 6/1/2004 5/1/2034 359 110200 110031.77 7.375 761.13 6/1/2004 95 0-29
33844275 6/1/2004 5/1/2034 359 139500 139500 6.25 726.56 6/1/2004 87.51568381 0-29
34142315 6/1/2004 5/1/2034 359 164000 164000 5.625 768.75 6/1/2004 80 0-29
33172909 6/1/2004 5/1/2034 359 180000 179696.67 6.875 1,182.48 6/1/2004 78.60262009 0-29
33845157 6/1/2004 5/1/2034 359 88200 88173.63 5.5 404.25 6/1/2004 79.95648627 0-29
34187377 6/1/2004 5/1/2034 359 78300 78168.05 6.875 514.38 6/1/2004 90 0-29
33172123 6/1/2004 5/1/2034 358 129600 129396.46 8 950.96 7/1/2004 80 0-29
33925959 6/1/2004 5/1/2034 359 105750 105571.79 6.875 694.71 6/1/2004 90 0-29
33750977 6/1/2004 5/1/2034 12/24/1900 254125 253765.11 7.75 1,820.59 6/1/2004 4/4/1900 0-29
4000129584 6/1/2004 5/1/2034 359 143950 143950 5.125 614.79 6/1/2004 79.9944429 0-29
33476045 6/1/2004 5/1/2034 359 256000 256000 5.875 1,253.33 6/1/2004 80 0-29
33866229 6/1/2004 5/1/2034 358 60000 59935.55 5.625 281.25 7/1/2004 80 0-29
33884362 6/1/2004 5/1/2034 359 274250 273851.74 7.625 1,941.13 6/1/2004 84.98921559 0-29
4000143851 6/1/2004 5/1/2034 358 252750 252145.46 5.375 1,132.11 7/1/2004 79.99886055 0-29
4000142701 6/1/2004 5/1/2034 359 226400 226399.83 4.999 943.31 6/1/2004 80 0-29
34115568 6/1/2004 5/1/2034 359 328000 328000 5.875 1,605.83 6/1/2004 80 0-29
33356882 6/1/2004 5/1/2034 359 249200 249200 5.875 1,220.04 6/1/2004 80 0-29
34028357 6/1/2004 5/1/2034 359 185400 185124.21 8.5 1,425.57 6/1/2004 100 0-29
33477902 6/1/2004 5/1/2034 359 172000 171622.6 5.5 976.60 6/1/2004 60.35087719 0-29
33835331 6/1/2004 5/1/2034 359 248000 248000 5.875 1,214.17 6/1/2004 80 0-29
33848037 6/1/2004 5/1/2034 358 112000 112000 5.5 513.33 7/1/2004 80 0-29
33927757 6/1/2004 5/1/2034 359 96900 96758.13 7.625 685.86 6/1/2004 85 0-29
33970781 6/1/2004 5/1/2034 358 107950 107789.26 7.5 754.81 7/1/2004 89.9958316 0-29
33989526 6/1/2004 5/1/2034 357 151200 151200 7.125 897.75 8/1/2004 90 0-29
34054882 6/1/2004 5/1/2034 359 125950 125780.41 8 924.18 6/1/2004 89.99064012 0-29
34185538 6/1/2004 5/1/2034 359 153000 152930 6.5 828.75 6/1/2004 92.72727273 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
33528993 6ML 6.875 3 8.625 14.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33848268 6ML 4.25 3 5.125 11.125 36 6 mo.s interest less 20% obal 5/1/2006 6
34205146 6ML 5.25 3 5.875 11.875 36 min (2% prepaid, 60 days interest) 5/1/2006 6
34243717 6ML 4.875 3 6.125 12.125 24 6 mo.s interest less 20% obal 5/1/2006 6
33373614 6ML 5 3 6.375 12.375 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34109025 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34186643 6ML 2.5 1 4 10 0 None 11/1/2004 6
34192518 6ML 4.75 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33792318 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33745928 6ML 5 3 6 12 24 6 mo.s interest less 20% obal 5/1/2006 6
33585373 6ML 4.375 3 6.25 12.25 0 None 5/1/2006 6
33928219 6ML 6.625 3 7.5 13.5 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33992751 6ML 4.25 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2009 6
4000123863 6ML 3.875 3 5.25 11.25 36 6 mo.s interest less 20% obal 5/1/2007 6
4000141901 6ML 5.25 3 6.125 12.125 24 6 mo.s interest less 20% obal 5/1/2006 6
34165910 6ML 4.625 3 7 13 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34323022 6ML 4.75 3 6.625 12.625 36 6 mo.s interest less 20% obal 5/1/2009 6
4000140310 6ML 3.375 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
4000138884 6ML 4.375 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34084129 6ML 3.75 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
34093211 6ML 4.875 3 6.375 12.375 24 6 mo.s interest less 20% obal 5/1/2006 6
34121277 6ML 5.625 3 6.625 12.625 24 6 mo.s interest less 20% obal 5/1/2006 6
34113910 6ML 5.625 3 6.5 12.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34088617 6ML 4.75 3 6.5 12.5 24 6 mo.s interest less 20% obal 5/1/2006 6
32964637 6ML 6.5 3 7.5 13.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33686924 6ML 4.375 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33972084 6ML 7.25 3 8.5 14.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34052308 6ML 6.625 3 9.125 15.125 0 None 5/1/2006 6
34122937 6ML 6.25 3 7.25 13.25 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34148874 6ML 5.75 3 6.375 12.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33919630 6ML 5.375 3 6.375 12.375 24 6 mo.s interest less 20% obal 5/1/2006 6
34088096 6ML 3.5 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2009 6
34186163 6ML 6.875 3 8.125 14.125 24 6 mo.s interest less 20% obal 5/1/2006 6
34188763 6ML 4.125 3 5.5 11.5 0 None 5/1/2007 6
33845439 6ML 4.125 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2006 6
34025932 6ML 4.5 3 6.25 12.25 36 6 mo.s interest less 20% obal 5/1/2009 6
34244152 6ML 3.875 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2009 6
4000143307 6ML 5 3 6.25 12.25 36 6 mo.s interest less 20% obal 5/1/2007 6
33219205 6ML 6.25 3 7.375 13.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33844275 6ML 5.75 3 6.25 12.25 36 6 mo.s interest less 20% obal 5/1/2006 6
34142315 6ML 4.25 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33172909 6ML 5.125 3 6.875 12.875 12 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33845157 6ML 3.5 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34187377 6ML 6 3 6.875 12.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33172123 6ML 6.5 3 8 14 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33925959 6ML 6 3 6.875 12.875 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33750977 6ML 5.875 3 7.75 13.75 24 6 mo.s interest less 20% obal 5/1/2006 6
4000129584 6ML 4.25 3 5.125 11.125 36 6 mo.s interest less 20% obal 5/1/2006 6
33476045 6ML 3.875 3 5.875 11.875 36 6 mo.s interest less 20% obal 5/1/2009 6
33866229 6ML 4 1 5.625 11.625 24 3%/2%/1%-1st yr/2nd yr/3rd yr 11/1/2004 6
33884362 6ML 6.875 3 7.625 13.625 24 6 mo.s interest less 20% obal 5/1/2006 6
4000143851 6ML 3.625 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2009 6
4000142701 6ML 3.375 3 4.999 10.999 24 6 mo.s interest less 20% obal 5/1/2009 6
34115568 6ML 3.375 3 5.875 11.875 0 None 5/1/2009 6
33356882 6ML 4.5 3 5.875 11.875 0 None 5/1/2009 6
34028357 6ML 6.25 3 8.5 14.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33477902 6ML 4.375 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33835331 6ML 4 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2009 6
33848037 6ML 3.5 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33927757 6ML 6.375 3 7.625 13.625 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33970781 6ML 6 3 7.5 13.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33989526 6ML 5.625 3 7.125 13.125 24 6 mo.s interest less 20% obal 5/1/2009 6
34054882 6ML 6.75 3 8 14 24 6 mo.s interest less 20% obal 5/1/2006 6
34185538 6ML 5.375 3 6.5 12.5 0 None 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33528993 6 R/T Refi N N 0
33848268 6 Purchase N Y 60
34205146 6 Purchase N N 0
34243717 6 Purchase N N 0
33373614 6 C/O Refi N Y 60
34109025 6 Purchase N Y 60
34186643 6 C/O Refi N Y 60
34192518 6 Purchase N N 0
33792318 6 Purchase N Y 60
33745928 6 Purchase N N 0
33585373 6 C/O Refi N N 0
33928219 6 C/O Refi N N 0
33992751 6 Purchase N Y 60
4000123863 6 Purchase N Y 60
4000141901 6 C/O Refi N Y 60
34165910 6 C/O Refi N N 0
34323022 6 C/O Refi N Y 60
4000140310 6 Purchase N Y 60
4000138884 6 Purchase N Y 60
34084129 6 Purchase N Y 60
34093211 6 R/T Refi N N 0
34121277 6 Purchase N Y 60
34113910 6 Purchase N Y 60
34088617 6 C/O Refi N N 0
32964637 6 R/T Refi N N 0
33686924 6 Purchase N Y 60
33972084 6 Purchase N Y 60
34052308 6 C/O Refi N N 0
34122937 6 Purchase N N 0
34148874 6 Purchase N N 0
33919630 6 Purchase N Y 60
34088096 6 Purchase N Y 60
34186163 6 Purchase N N 0
34188763 6 Purchase N Y 60
33845439 6 Purchase N Y 60
34025932 6 Purchase N Y 60
34244152 6 Purchase N Y 60
4000143307 6 Purchase N Y 60
33219205 6 C/O Refi N N 0
33844275 6 Purchase N Y 60
34142315 6 Purchase N Y 60
33172909 6 C/O Refi N N 0
33845157 6 Purchase N Y 60
34187377 6 Purchase N N 0
33172123 6 R/T Refi N N 0
33925959 6 Purchase N N 0
33750977 6 Purchase N N 0
4000129584 6 Purchase N Y 60
33476045 6 Purchase N Y 60
33866229 6 C/O Refi N Y 60
33884362 6 Purchase N N 0
4000143851 6 Purchase N Y 60
4000142701 6 Purchase N Y 60
34115568 6 Purchase N Y 60
33356882 6 Purchase N Y 60
34028357 6 Purchase N N 0
33477902 6 C/O Refi N N 0
33835331 6 Purchase N Y 60
33848037 6 Purchase N Y 60
33927757 6 C/O Refi N N 0
33970781 6 Purchase N N 0
33989526 6 C/O Refi N Y 60
34054882 6 Purchase N N 0
34185538 6 C/O Refi N Y 60
D-1-6
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
4000055761 YAKIMA 98908 WA PUD Owner Occupied 12/25/1900 4/28/2004
34144014 PORTLAND 97203 OR PUD Owner Occupied 12/25/1900 4/20/2004
33358201 ANGIER 27501 NC Single Family Owner Occupied 12/25/1900 4/29/2004
33971458 JOHNSTOWN 80534 CO PUD Owner Occupied 12/25/1900 4/20/2004
34108779 OXNARD 93033 CA Single Family Owner Occupied 12/25/1900 4/13/2004
34162107 CHICAGO 60639 IL Single Family Owner Occupied 12/25/1900 4/23/2004
33456484 NEPTUNE 7753 NJ Single Family Owner Occupied 12/25/1900 4/29/2004
4000138687 MIDDLETOWN 45042 OH Single Family Owner Occupied 12/25/1900 4/21/2004
33833682 BEAUMONT 92223 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33235375 PERRIS 92571 CA Single Family Owner Occupied 12/25/1900 4/12/2004
33712266 NEW SHARON 50207 IA Single Family Owner Occupied 12/25/1900 4/28/2004
33525767 REYNOLDSBURG 43068 OH Single Family Owner Occupied 12/25/1900 4/26/2004
33990797 TAMARAC 33321 FL PUD Owner Occupied 12/25/1900 4/29/2004
4000142930 FRESNO 93722 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33909078 KINGSLAND 31548 GA Single Family Owner Occupied 12/25/1900 4/22/2004
4000132913 ALEXANDRIA 22306 VA PUD Owner Occupied 12/25/1900 4/30/2004
4000141171 DES PLAINES 60018 IL Single Family Non-Owner Occupied 12/25/1900 4/28/2004
33626417 WIXOM 48393 MI Single Family Owner Occupied 12/25/1900 4/19/2004
34136770 FINLEYVILLE 15332 PA Single Family Owner Occupied 12/25/1900 4/29/2004
4000141110 VACAVILLE 95688 CA Single Family Owner Occupied 12/25/1900 4/14/2004
33890948 HYATTSVILLE 20783 MD Single Family Owner Occupied 12/25/1900 4/30/2004
33907247 BRADENTON 34205 FL Single Family Owner Occupied 12/25/1900 4/29/2004
33989575 MIAMI 33055 FL Single Family Owner Occupied 12/25/1900 4/26/2004
33099334 LYNN 1902 MA Multi Family - 2 Units Owner Occupied 12/25/1900 4/30/2004
33416934 COVINA 91722 CA Single Family Owner Occupied 12/25/1900 4/15/2004
34050849 DESOTO 75115 TX Single Family Owner Occupied 12/25/1900 4/27/2004
34244202 CASSELBERRY 32707 FL PUD Owner Occupied 12/25/1900 4/28/2004
4000136549 NASHUA 3060 NH Condo Owner Occupied 12/25/1900 4/24/2004
33455825 RARITAN TOWNSHIP 8551 NJ Single Family Owner Occupied 12/25/1900 4/22/2004
33891870 UPPER MARLBORO 20772 MD Condo Owner Occupied 12/25/1900 4/30/2004
33458282 WILLIAMSTOWN 8094 NJ Single Family Owner Occupied 12/25/1900 4/20/2004
33908484 BRADENTON 34209 FL Single Family Owner Occupied 12/25/1900 4/23/2004
33837311 MORENO VALLEY 92551 CA Single Family Owner Occupied 12/25/1900 4/14/2004
34165050 MOUNT PROSPECT 60056 IL Single Family Owner Occupied 12/25/1900 4/20/2004
33970583 COLORADO SPRINGS 80911 CO Single Family Owner Occupied 12/25/1900 4/20/2004
34111153 NEWMAN 95360 CA Single Family Owner Occupied 12/25/1900 4/9/2004
34187013 MEMPHIS 38127 TN Single Family Owner Occupied 12/25/1900 4/29/2004
33373655 INDEPENDENCE TOWNSHIP 48346 MI Single Family Non-Owner Occupied 12/25/1900 4/29/2004
34136309 COLUMBUS 43207 OH Single Family Owner Occupied 12/25/1900 4/23/2004
33988957 BOYNTON BEACH 33426 FL PUD Owner Occupied 12/25/1900 4/19/2004
4000121489 DELTONA 32725 FL Single Family Owner Occupied 12/25/1900 4/13/2004
33415522 CATHEDRAL CITY 92234 CA Single Family Owner Occupied 12/25/1900 4/5/2004
33495474 CITRUS HEIGHTS 95621 CA Single Family Owner Occupied 12/25/1900 4/19/2004
33787409 ANTIOCH 94509 CA Single Family Owner Occupied 12/25/1900 4/6/2004
33458761 WEST CHESTER 19382 PA Single Family Owner Occupied 12/25/1900 4/24/2004
33927278 YOUNGSTOWN 44509 OH Multi Family - 2 Units Owner Occupied 12/25/1900 4/20/2004
33370875 EASTPOINTE 48021 MI Single Family Non-Owner Occupied 12/25/1900 4/29/2004
34028993 MANCHESTER 3103 NH Single Family Owner Occupied 12/25/1900 4/30/2004
34185322 CONLEY 30288 GA Single Family Owner Occupied 12/25/1900 4/29/2004
34024604 HUDSON 3051 NH Single Family Owner Occupied 12/25/1900 4/28/2004
33581976 HILLSBORO 97124 OR PUD Owner Occupied 12/25/1900 4/12/2004
33751421 LYNDEN 98264 WA Single Family Owner Occupied 12/25/1900 4/26/2004
34120634 COACHELLA 92236 CA Single Family Owner Occupied 12/25/1900 4/21/2004
4000135624 FRESNO 93720 CA PUD Owner Occupied 12/25/1900 4/7/2004
34202200 BRAINERD 56401 MN Single Family Owner Occupied 12/25/1900 4/28/2004
34184747 MEMPHIS 38125 TN Single Family Owner Occupied 12/25/1900 4/30/2004
34167643 LEO 46765 IN Single Family Owner Occupied 12/25/1900 4/28/2004
34167650 HAMILTON 46742 IN Single Family Second Home 12/25/1900 4/28/2004
33986613 WEST PALM BEACH 33406 FL PUD Owner Occupied 12/25/1900 4/23/2004
33974007 AURORA 80017 CO Single Family Owner Occupied 12/25/1900 4/29/2004
33292152 BAKERSFIELD 93314 CA Single Family Owner Occupied 12/25/1900 4/1/2004
33354812 WEST COLUMBIA 29169 SC Single Family Owner Occupied 12/25/1900 4/27/2004
33768425 CHEEKTOWAGA 14225 NY Single Family Owner Occupied 12/25/1900 4/21/2004
33511106 BAKERSFIELD 93312 CA Single Family Owner Occupied 12/25/1900 4/20/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
4000055761 7/1/2004 6/1/2034 360 140000 140000 4.999 583.22 7/1/2004 80 0-29
34144014 6/1/2004 5/1/2034 359 138600 138600 8.375 967.31 6/1/2004 90 0-29
33358201 6/1/2004 5/1/2034 359 99900 99900 5.625 468.28 6/1/2004 79.98398719 0-29
33971458 6/1/2004 5/1/2034 359 275000 274489.22 6.375 1,715.65 6/1/2004 88.70967742 0-29
34108779 6/1/2004 5/1/2034 359 304000 304000 5.875 1,488.33 6/1/2004 80 0-29
34162107 6/1/2004 5/1/2034 359 232750 232280.86 6 1,395.46 6/1/2004 89.96907615 0-29
33456484 6/1/2004 5/1/2034 359 206900 206357.74 6.625 1,324.81 6/1/2004 89.95652174 0-29
4000138687 6/1/2004 5/1/2034 359 91750 91750 5.5 420.52 6/1/2004 79.9912816 0-29
33833682 6/1/2004 5/1/2034 359 200700 200699.75 7 1,170.75 6/1/2004 90 0-29
33235375 6/1/2004 5/1/2034 359 198150 198150 5.625 928.83 6/1/2004 79.98918138 0-29
33712266 6/1/2004 5/1/2034 359 44100 44050 9.125 335.34 6/1/2004 84.97109827 0-29
33525767 6/1/2004 5/1/2034 359 153900 153682.06 7.75 1,102.56 6/1/2004 90 0-29
33990797 6/1/2004 5/1/2034 359 80000 79836.46 5.875 473.24 6/1/2004 48.19277108 0-29
4000142930 6/1/2004 5/1/2034 359 137500 137500 5.625 644.53 6/1/2004 79.97812962 0-29
33909078 6/1/2004 5/1/2034 359 119000 118804.35 7 791.71 6/1/2004 83.21678322 0-29
4000132913 6/1/2004 5/1/2034 358 328000 328000 5.25 1,435.00 7/1/2004 80 0-29
4000141171 6/1/2004 5/1/2034 359 214200 214200 5.5 981.75 6/1/2004 90 0-29
33626417 6/1/2004 5/1/2034 359 266750 266216.55 5.99 1,597.59 6/1/2004 84.99716411 0-29
34136770 6/1/2004 5/1/2034 358 177500 177248.61 7.75 1,271.64 7/1/2004 100 0-29
4000141110 6/1/2004 5/1/2034 358 252000 252000 6.5 1,365.00 7/1/2004 80 0-29
33890948 6/1/2004 5/1/2034 359 220000 220000 6.75 1,237.50 6/1/2004 80 0-29
33907247 6/1/2004 5/1/2034 359 84800 84800 6.875 485.83 6/1/2004 80 0-29
33989575 6/1/2004 5/1/2034 358 76800 76800 6.5 416.00 7/1/2004 80 0-29
33099334 6/1/2004 5/1/2034 359 384000 383320.53 6.625 2,458.80 6/1/2004 100 0-29
33416934 6/1/2004 5/1/2034 358 299200 299200 5.125 1,277.83 7/1/2004 80 0-29
34050849 6/1/2004 5/1/2034 359 106800 106774.97 5.625 500.63 6/1/2004 80 0-29
34244202 6/1/2004 5/1/2034 359 151200 151196 6 756.00 6/1/2004 80 0-29
4000136549 6/1/2004 5/1/2034 359 120000 120000 5.5 550.00 6/1/2004 80 0-29
33455825 6/1/2004 5/1/2034 359 323000 323000 7.625 2,052.40 6/1/2004 95 0-29
33891870 6/1/2004 5/1/2034 359 148000 148000 6.625 817.08 6/1/2004 80 0-29
33458282 6/1/2004 5/1/2034 359 139500 139330.37 8.5 1,072.64 6/1/2004 90 0-29
33908484 6/1/2004 5/1/2034 359 217800 217800 7.125 1,293.19 6/1/2004 90 0-29
33837311 6/1/2004 5/1/2034 358 80000 80000 7.5 500.00 7/1/2004 49.68944099 0-29
34165050 6/1/2004 5/1/2034 359 190200 189772.78 5.375 1,065.07 6/1/2004 69.99723986 0-29
33970583 6/1/2004 5/1/2034 359 139500 139292.29 7.5 975.41 6/1/2004 90 0-29
34111153 6/1/2004 5/1/2034 359 260000 259582.93 7.125 1,751.67 6/1/2004 89.79233795 0-29
34187013 6/1/2004 5/1/2034 359 46000 46000 5.375 206.04 6/1/2004 80 0-29
33373655 6/1/2004 5/1/2034 359 212500 212199.07 7.75 1,522.38 6/1/2004 85 0-29
34136309 6/1/2004 5/1/2034 359 102000 101796.01 5.99 610.89 6/1/2004 85 0-29
33988957 6/1/2004 5/1/2034 359 104000 104000 5.99 519.13 6/1/2004 79.38931298 0-29
4000121489 6/1/2004 5/1/2034 359 84000 84000 5.625 393.75 6/1/2004 80 0-29
33415522 6/1/2004 5/1/2034 357 185050 185050 5.375 828.87 8/1/2004 79.98046411 0-29
33495474 6/1/2004 5/1/2034 358 187200 187200 5 780.00 7/1/2004 80 0-29
33787409 6/1/2004 5/1/2034 359 284000 284000 5.875 1,390.42 6/1/2004 80 0-29
33458761 6/1/2004 5/1/2034 359 247000 246552.21 6.5 1,561.21 6/1/2004 95 0-29
33927278 6/1/2004 5/1/2034 359 93600 93460.63 7.5 654.47 6/1/2004 90 0-29
33370875 6/1/2004 5/1/2034 359 99900 99900 6.625 551.53 6/1/2004 90 0-29
34028993 6/1/2004 5/1/2034 358 175000 174726.14 7.25 1,193.81 7/1/2004 100 0-29
34185322 6/1/2004 5/1/2034 359 179200 179200 5.75 858.67 6/1/2004 80 0-29
34024604 7/1/2004 6/1/2034 360 311100 310857.3 7.25 2,122.26 7/1/2004 85 0-29
33581976 6/1/2004 5/1/2034 359 167750 167750 6 838.75 6/1/2004 79.99561276 0-29
33751421 6/1/2004 5/1/2034 359 116000 116000 5 483.33 6/1/2004 80 0-29
34120634 6/1/2004 5/1/2034 359 154400 154400 5.875 755.92 6/1/2004 80 0-29
4000135624 6/1/2004 5/1/2034 359 192000 192000 5.25 840.00 6/1/2004 80 0-29
34202200 6/1/2004 5/1/2034 359 112000 111993.33 7 653.33 6/1/2004 80 0-29
34184747 6/1/2004 5/1/2034 359 99200 99200 6.875 568.33 6/1/2004 80 0-29
34167643 7/1/2004 6/1/2034 359 292500 292500 7.125 1,736.72 7/1/2004 90 0-29
34167650 6/1/2004 5/1/2034 359 227800 227800 7.5 1,423.75 6/1/2004 85 0-29
33986613 6/1/2004 5/1/2034 358 123450 123450 7.25 745.84 7/1/2004 94.96153846 0-29
33974007 6/1/2004 5/1/2034 359 156000 155743.49 7 1,037.88 6/1/2004 80 0-29
33292152 6/1/2004 5/1/2034 359 254750 254750 6.875 1,459.51 6/1/2004 89.98587072 0-29
33354812 6/1/2004 5/1/2034 359 102600 102439.43 7.25 699.92 6/1/2004 95 0-29
33768425 6/1/2004 5/1/2034 359 62700 62594.34 6.875 411.90 6/1/2004 95 0-29
33511106 6/1/2004 5/1/2034 359 200000 200000 6.875 1,145.83 6/1/2004 80 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
4000055761 6ML 3.625 3 4.999 10.999 24 6 mo.s interest less 20% obal 6/1/2006 6
34144014 6ML 6.25 3 8.375 14.375 36 6 mo.s interest less 20% obal 5/1/2009 6
33358201 6ML 4 3 5.625 11.625 0 None 5/1/2006 6
33971458 6ML 5.75 3 6.375 12.375 24 6 mo.s interest less 20% obal 5/1/2006 6
34108779 6ML 4.5 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2006 6
34162107 6ML 4.875 3 6 12 12 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33456484 6ML 5 3 6.625 12.625 0 None 5/1/2006 6
4000138687 6ML 3.75 3 5.5 11.5 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2009 6
33833682 6ML 6.125 3 7 13 24 6 mo.s interest less 20% obal 5/1/2006 6
33235375 6ML 4.125 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33712266 6ML 7.125 3 9.125 15.125 0 None 5/1/2006 6
33525767 6ML 6.5 3 7.75 13.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33990797 6ML 2.875 3 5.875 11.875 36 6 mo.s interest less 20% obal 5/1/2007 6
4000142930 6ML 4 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33909078 6ML 5.875 3 7 13 0 None 5/1/2006 6
4000132913 6ML 3.875 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
4000141171 6ML 4 1 5.5 11.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 11/1/2004 6
33626417 6ML 5 3 5.99 11.99 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34136770 6ML 5.5 3 7.75 13.75 24 6 mo.s interest less 20% obal 5/1/2006 6
4000141110 6ML 4.75 3 6.5 12.5 24 6 mo.s interest less 20% obal 5/1/2009 6
33890948 6ML 5.375 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33907247 6ML 5.375 3 6.875 12.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33989575 6ML 4.375 3 6.5 12.5 36 6 mo.s interest less 20% obal 5/1/2009 6
33099334 6ML 5.75 3 6.625 12.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33416934 6ML 3.5 3 5.125 11.125 36 6 mo.s interest less 20% obal 5/1/2009 6
34050849 6ML 4.25 3 5.625 11.625 36 6 mo.s interest less 20% obal 5/1/2009 6
34244202 6ML 4.75 3 6 12 24 6 mo.s interest less 20% obal 5/1/2006 6
4000136549 6ML 3.75 3 5.5 11.5 36 6 mo.s interest less 20% obal 5/1/2009 6
33455825 6ML 6.625 3 7.625 13.625 0 None 5/1/2006 6
33891870 6ML 4.75 3 6.625 12.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33458282 6ML 6.375 3 8.5 14.5 0 None 5/1/2006 6
33908484 6ML 6.375 3 7.125 13.125 24 6 mo.s interest less 20% obal 5/1/2006 6
33837311 6ML 5.5 3 7.5 13.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34165050 6ML 3.625 3 5.375 11.375 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33970583 6ML 6 3 7.5 13.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34111153 6ML 6.125 3 7.125 13.125 24 6 mo.s interest less 20% obal 5/1/2006 6
34187013 6ML 4.25 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33373655 6ML 5 3 7.75 13.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34136309 6ML 5.125 3 5.99 11.99 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33988957 6ML 3.625 3 5.99 11.99 24 6 mo.s interest less 20% obal 5/1/2009 6
4000121489 6ML 4.375 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33415522 6ML 4.125 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33495474 6ML 3.625 3 5 11 24 6 mo.s interest less 20% obal 5/1/2006 6
33787409 6ML 4.5 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33458761 6ML 5.75 3 6.5 12.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33927278 6ML 6.375 3 7.5 13.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33370875 6ML 4.25 3 6.625 12.625 12 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34028993 6ML 6.5 3 7.25 13.25 24 6 mo.s interest less 20% obal 5/1/2006 6
34185322 6ML 3.75 3 5.75 11.75 0 None 5/1/2009 6
34024604 6ML 4.5 3 7.25 13.25 24 6 mo.s interest less 20% obal 6/1/2006 6
33581976 6ML 5.125 3 6 12 24 6 mo.s interest less 20% obal 5/1/2006 6
33751421 6ML 3.5 3 5 11 36 6 mo.s interest less 20% obal 5/1/2007 6
34120634 6ML 4.5 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2006 6
4000135624 6ML 3.375 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2009 6
34202200 6ML 5.75 3 7 13 36 min (2% prepaid, 60 days interest) 5/1/2006 6
34184747 6ML 5 3 6.875 12.875 24 6 mo.s interest less 20% obal 5/1/2009 6
34167643 6ML 5.5 3 7.125 13.125 0 None 6/1/2006 6
34167650 6ML 5.5 3 7.5 13.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33986613 6ML 6.125 3 7.25 13.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33974007 6ML 5.875 3 7 13 24 6 mo.s interest less 20% obal 5/1/2006 6
33292152 6ML 5.875 3 6.875 12.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33354812 6ML 5.125 3 7.25 13.25 0 None 5/1/2006 6
33768425 6ML 6 3 6.875 12.875 0 None 5/1/2006 6
33511106 6ML 5.125 3 6.875 12.875 12 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
4000055761 6 Purchase N Y 60
34144014 6 C/O Refi N Y 60
33358201 6 Purchase N Y 60
33971458 6 C/O Refi N N 0
34108779 6 Purchase N Y 60
34162107 6 C/O Refi N N 0
33456484 6 Purchase N N 0
4000138687 6 R/T Refi N Y 60
33833682 6 C/O Refi N Y 60
33235375 6 Purchase N Y 60
33712266 6 Purchase N Y 60
33525767 6 C/O Refi N N 0
33990797 6 Purchase N N 0
4000142930 6 Purchase N Y 60
33909078 6 C/O Refi N N 0
4000132913 6 Purchase N Y 60
4000141171 6 Purchase N Y 60
33626417 6 C/O Refi N N 0
34136770 6 Purchase N N 0
4000141110 6 Purchase N Y 60
33890948 6 Purchase N Y 60
33907247 6 Purchase N Y 60
33989575 6 Purchase N Y 60
33099334 6 Purchase N N 0
33416934 6 Purchase N Y 60
34050849 6 Purchase N Y 60
34244202 6 Purchase N Y 60
4000136549 6 Purchase N Y 60
33455825 6 Purchase N Y 60
33891870 6 Purchase N Y 60
33458282 6 C/O Refi N N 0
33908484 6 Purchase N Y 60
33837311 6 C/O Refi N Y 60
34165050 6 C/O Refi N N 0
33970583 6 C/O Refi N N 0
34111153 6 Purchase N N 0
34187013 6 Purchase N Y 60
33373655 6 R/T Refi N N 0
34136309 6 C/O Refi N N 0
33988957 6 C/O Refi N Y 60
4000121489 6 Purchase N Y 60
33415522 6 Purchase N Y 60
33495474 6 Purchase N Y 60
33787409 6 Purchase N Y 60
33458761 6 C/O Refi N N 0
33927278 6 C/O Refi N N 0
33370875 6 Purchase N Y 60
34028993 6 Purchase N N 0
34185322 6 Purchase N Y 60
34024604 6 C/O Refi N N 0
33581976 6 Purchase N Y 60
33751421 6 Purchase N Y 60
34120634 6 Purchase N Y 60
4000135624 6 Purchase N Y 60
34202200 6 Purchase N Y 60
34184747 6 Purchase N Y 60
34167643 6 C/O Refi N Y 60
34167650 6 C/O Refi N Y 60
33986613 6 Purchase N Y 60
33974007 6 Purchase N N 0
33292152 6 Purchase N Y 60
33354812 6 Purchase N N 0
33768425 6 Purchase N N 0
33511106 6 Purchase N Y 60
D-1-7
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33866112 FLORISSANT 63034 MO Single Family Owner Occupied 12/25/1900 4/26/2004
34164921 BOLINGBROOK 60440 IL Single Family Owner Occupied 12/25/1900 4/24/2004
33373648 AUBURN HILLS 48326 MI Single Family Owner Occupied 12/25/1900 4/30/2004
33866641 SAINT LOUIS 63107 MO Multi Family - 2 Units Owner Occupied 12/25/1900 4/21/2004
33866997 ST LOUIS 63113 MO Single Family Owner Occupied 12/25/1900 4/26/2004
33991621 FORT LAUDERDALE 33311 FL Single Family Owner Occupied 12/25/1900 4/26/2004
34146019 PORTLAND 97213 OR Single Family Owner Occupied 12/25/1900 4/27/2004
33842543 MERIDIAN 83642 ID PUD Owner Occupied 12/25/1900 4/5/2004
33220344 QUEEN CREEK 85242 AZ PUD Owner Occupied 12/25/1900 4/30/2004
4000135359 REDFORD 48239 MI Single Family Owner Occupied 12/25/1900 4/17/2004
33839515 DESERT HOT SPRINGS 92240 CA Multi Family - 2 Units Non-Owner Occupied 12/25/1900 4/16/2004
33839523 DESERT HOT SPRINGS 92240 CA Single Family Non-Owner Occupied 12/25/1900 4/16/2004
33948290 ESCONDIDO 92025 CA Single Family Owner Occupied 12/25/1900 4/27/2004
33990599 NORTH MIAMI 33161 FL Condo Owner Occupied 12/25/1900 4/22/2004
33827056 TURLOCK 95380 CA Single Family Owner Occupied 12/25/1900 4/15/2004
33959537 CANYON LAKE 92587 CA Single Family Owner Occupied 12/25/1900 4/26/2004
34049056 LEANDER 78641 TX Single Family Owner Occupied 12/25/1900 4/22/2004
34090829 ONTARIO 91762 CA Single Family Owner Occupied 12/25/1900 4/19/2004
33237330 LAS VEGAS 89113 NV Condo Owner Occupied 12/25/1900 4/13/2004
34165795 JOLIET 60435 IL PUD Owner Occupied 12/25/1900 4/30/2004
33750506 SEATAC 98188 WA Single Family Owner Occupied 12/25/1900 4/23/2004
34022657 SOUTHBRIDGE 1550 MA Multi Family - 2 Units Owner Occupied 12/25/1900 4/29/2004
33968645 THORNTON 80602 CO PUD Owner Occupied 12/25/1900 4/20/2004
33748740 ROSEBURG 97470 OR Single Family Owner Occupied 12/25/1900 4/20/2004
34094334 LOS ANGELES 90037 CA Multi Family - 2 Units Owner Occupied 12/25/1900 4/26/2004
33713587 MANITO 61546 IL Single Family Owner Occupied 12/25/1900 4/22/2004
33293556 SAN JOSE 95128 CA Single Family Owner Occupied 12/25/1900 4/6/2004
34053520 ROUND ROCK 78681 TX PUD Owner Occupied 12/25/1900 4/29/2004
33227000 HENDERSON 89074 NV Condo Owner Occupied 12/25/1900 4/15/2004
33434044 FRISCO 75035 TX PUD Owner Occupied 12/25/1900 4/23/2004
34093229 LONG BEACH 90804 CA Condo Owner Occupied 12/25/1900 4/27/2004
34205468 ZIMMERMAN 55396 MN Single Family Non-Owner Occupied 12/25/1900 4/30/2004
4000143324 HUGHSON 95326 CA Single Family Owner Occupied 12/25/1900 4/26/2004
34188110 SPRINGFIELD 37172 TN Single Family Owner Occupied 12/25/1900 4/26/2004
32967820 GREENFIELD 65661 MO Single Family Owner Occupied 12/25/1900 4/15/2004
33717901 CHICAGO 60649 IL Multi Family - 3 Units Owner Occupied 12/25/1900 4/22/2004
33537408 CINCINNATI 45241 OH Single Family Owner Occupied 12/25/1900 4/29/2004
33952748 SACRAMENTO 95821 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33921727 WINTER HAVEN 33884 FL PUD Owner Occupied 12/25/1900 4/23/2004
33888173 COLUMBIA 21044 MD Condo Owner Occupied 12/25/1900 4/22/2004
33990508 COCONUT CREEK 33073 FL PUD Owner Occupied 12/25/1900 4/27/2004
33993080 WEST PALM BEACH 33415 FL Single Family Owner Occupied 12/25/1900 4/30/2004
34109165 (HARBOR CITY AREA) LOS ANG 90710 CA Condo Owner Occupied 12/25/1900 4/20/2004
33478280 LOMA LINDA 92354 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33991803 WEST PALM BEACH 33407 FL PUD Owner Occupied 12/25/1900 4/30/2004
33610684 ORLANDO 32811 FL Condo Owner Occupied 12/25/1900 4/21/2004
33373895 WEBBERVILLE 48892 MI Single Family Owner Occupied 12/25/1900 4/26/2004
33912759 ST PETERSBURG 33705 FL Single Family Owner Occupied 12/25/1900 4/23/2004
33958828 SAN JACINTO 92583 CA Single Family Owner Occupied 12/25/1900 4/26/2004
34091686 MONTEBELLO 90640 CA Single Family Owner Occupied 12/25/1900 4/21/2004
34163006 CHICAGO 60639 IL Single Family Owner Occupied 12/25/1900 4/21/2004
33790403 FAIRFIELD 94533 CA Condo Owner Occupied 12/25/1900 4/19/2004
4000111715 FREDERICK 21703 MD Single Family Owner Occupied 12/25/1900 3/29/2004
33468067 WEST HILLS AREA 91307 CA Condo Owner Occupied 12/25/1900 4/15/2004
34162008 CHICAGO 60656 IL Single Family Owner Occupied 12/25/1900 4/23/2004
33626680 ROSEVILLE 48066 MI Single Family Owner Occupied 12/25/1900 4/23/2004
33571571 PORTLAND 97233 OR Single Family Owner Occupied 12/25/1900 4/22/2004
34022038 RANDOLPH 2368 MA Single Family Owner Occupied 12/25/1900 4/23/2004
33831363 TEMECULA 92592 CA Condo Owner Occupied 12/25/1900 4/14/2004
33546524 PERRIS 92571 CA Single Family Owner Occupied 12/25/1900 4/23/2004
34089417 SAN BERNARDINO 92405 CA Single Family Owner Occupied 12/25/1900 4/13/2004
34092619 RIVERSIDE 92509 CA Single Family Owner Occupied 12/25/1900 4/22/2004
4000118485 GRAPEVINE 76051 TX Single Family Owner Occupied 12/25/1900 4/26/2004
33059387 PARAMOUNT 90723 CA Condo Owner Occupied 12/25/1900 4/15/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33866112 6/1/2004 5/1/2034 359 125400 125208.57 7.375 866.11 6/1/2004 95 0-29
34164921 6/1/2004 5/1/2034 359 190000 189679.83 6.875 1,248.17 6/1/2004 84.44444444 0-29
33373648 6/1/2004 5/1/2034 358 148000 148000 6.625 817.08 7/1/2004 80 0-29
33866641 6/1/2004 5/1/2034 359 48000 47943.12 8.625 373.34 6/1/2004 80 0-29
33866997 6/1/2004 5/1/2034 358 59500 59427.64 8.5 457.51 7/1/2004 85 0-29
33991621 6/1/2004 5/1/2034 359 132000 131777.56 6.875 867.15 6/1/2004 82.5 0-29
34146019 6/1/2004 5/1/2034 358 259750 259750 5.5 1,190.52 7/1/2004 79.99692023 0-29
33842543 6/1/2004 5/1/2034 359 157500 157500 7.25 951.56 6/1/2004 90 0-29
33220344 6/1/2004 5/1/2034 359 190000 189671.9 6.75 1,232.34 6/1/2004 52.77777778 0-29
4000135359 6/1/2004 5/1/2034 359 94500 94500 7.25 570.94 6/1/2004 90 0-29
33839515 6/1/2004 5/1/2034 358 153000 153000 6.5 828.75 7/1/2004 90 0-29
33839523 6/1/2004 5/1/2034 359 153000 153000 6.75 860.63 6/1/2004 90 0-29
33948290 6/1/2004 5/1/2034 359 251000 251000 5.875 1,228.85 6/1/2004 66.05263158 0-29
33990599 6/1/2004 5/1/2034 359 65700 65700 8.875 485.91 6/1/2004 90 0-29
33827056 6/1/2004 5/1/2034 359 150400 150176.06 7.5 1,051.62 6/1/2004 80 0-29
33959537 6/1/2004 5/1/2034 359 264000 264000 5.75 1,265.00 6/1/2004 80 0-29
34049056 6/1/2004 5/1/2034 359 133000 133000 7.25 803.54 6/1/2004 95 0-29
34090829 6/1/2004 5/1/2034 358 253500 252930.61 5.375 1,419.53 7/1/2004 88.94736842 0-29
33237330 6/1/2004 5/1/2034 359 114750 114551.84 6.75 744.27 6/1/2004 80.80985915 0-29
34165795 6/1/2004 5/1/2034 359 143650 143650 7.375 882.85 6/1/2004 84.97485951 0-29
33750506 6/1/2004 5/1/2034 359 192000 192000 6.5 1,040.00 6/1/2004 80 0-29
34022657 6/1/2004 5/1/2034 359 165000 164783.39 8.125 1,225.13 6/1/2004 80.48780488 0-29
33968645 6/1/2004 5/1/2034 359 266000 266000 6.5 1,440.83 6/1/2004 95 0-29
33748740 6/1/2004 5/1/2034 358 80000 79851.41 6.375 499.10 7/1/2004 80 0-29
34094334 6/1/2004 5/1/2034 359 216000 215514.84 5.375 1,209.54 6/1/2004 63.52941176 0-29
33713587 6/1/2004 5/1/2034 359 55250 55179.28 8.25 415.08 6/1/2004 85 0-29
33293556 6/1/2004 5/1/2034 359 324000 324000 5.5 1,485.00 6/1/2004 80 0-29
34053520 6/1/2004 5/1/2034 359 123600 123600 5.5 566.50 6/1/2004 80 0-29
33227000 6/1/2004 5/1/2034 359 86550 86550 6.75 486.84 6/1/2004 79.99075786 0-29
33434044 6/1/2004 5/1/2034 359 193950 193950 6.375 1,030.36 6/1/2004 79.98861724 0-29
34093229 6/1/2004 5/1/2034 359 232000 232000 5.25 1,015.00 6/1/2004 80 0-29
34205468 6/1/2004 5/1/2034 359 231900 231900 6.25 1,207.81 6/1/2004 94.99076308 0-29
4000143324 6/1/2004 5/1/2034 359 271000 271000 5.125 1,157.40 6/1/2004 79.9624678 0-29
34188110 6/1/2004 5/1/2034 359 112200 112015.52 7 746.47 6/1/2004 85 0-29
32967820 6/1/2004 5/1/2034 359 61000 60925.82 8.5 469.04 6/1/2004 89.70588235 0-29
33717901 6/1/2004 5/1/2034 359 243000 243000 7.875 1,594.69 6/1/2004 90 0-29
33537408 6/1/2004 5/1/2034 359 225900 225900 7 1,317.75 6/1/2004 90 0-29
33952748 6/1/2004 5/1/2034 359 246600 246107.77 6 1,478.50 6/1/2004 85.03448276 0-29
33921727 6/1/2004 5/1/2034 358 126200 126200 6.125 644.15 7/1/2004 80 0-29
33888173 6/1/2004 5/1/2034 359 327350 327350 5.75 1,568.55 6/1/2004 79.99208265 0-29
33990508 6/1/2004 5/1/2034 358 323000 323000 7.125 1,917.81 7/1/2004 95 0-29
33993080 6/1/2004 5/1/2034 358 174000 174000 6.375 924.38 7/1/2004 100 0-29
34109165 6/1/2004 5/1/2034 358 324000 324000 5.5 1,485.00 7/1/2004 80 0-29
33478280 6/1/2004 5/1/2034 359 208000 208000 4.875 845.00 6/1/2004 80 0-29
33991803 6/1/2004 5/1/2034 359 118750 118746.01 6.875 680.34 6/1/2004 95 0-29
33610684 6/1/2004 5/1/2034 359 88000 87840.47 6.5 556.22 6/1/2004 80 0-29
33373895 6/1/2004 5/1/2034 359 266000 265540.65 6.75 1,725.28 6/1/2004 95 0-29
33912759 6/1/2004 5/1/2034 359 142650 142650 7.875 936.14 6/1/2004 90 0-29
33958828 6/1/2004 5/1/2034 359 168000 168000 5.99 838.60 6/1/2004 80 0-29
34091686 6/1/2004 5/1/2034 359 213000 212498.79 5.125 1,159.76 6/1/2004 69.83606557 0-29
34163006 6/1/2004 5/1/2034 359 196000 196000 5.25 857.50 6/1/2004 80 0-29
33790403 6/1/2004 5/1/2034 359 79600 79600 4.99 331.00 6/1/2004 80 0-29
4000111715 5/1/2004 4/1/2034 357 227900 227852.53 4.999 949.39 7/1/2004 79.99297999 0-29
33468067 6/1/2004 5/1/2034 359 215000 215000 6.25 1,119.79 6/1/2004 61.42857143 0-29
34162008 6/1/2004 5/1/2034 359 258000 257472.62 5.875 1,526.17 6/1/2004 73.14334963 0-29
33626680 6/1/2004 5/1/2034 358 92800 92800 6 464.00 7/1/2004 80 0-29
33571571 6/1/2004 5/1/2034 359 105600 105600 6.125 539.00 6/1/2004 80 0-29
34022038 6/1/2004 5/1/2034 359 236000 235900 6.75 1,327.50 6/1/2004 80 0-29
33831363 6/1/2004 5/1/2034 358 239900 239900 5.375 1,074.55 7/1/2004 79.99333111 0-29
33546524 6/1/2004 5/1/2034 359 203000 203000 6.125 1,036.15 6/1/2004 79.99054299 0-29
34089417 6/1/2004 5/1/2034 359 150000 150000 7.25 906.25 6/1/2004 94.93670886 0-29
34092619 6/1/2004 5/1/2034 359 210500 209973.06 5.75 1,228.43 6/1/2004 84.2 0-29
4000118485 6/1/2004 5/1/2034 358 186450 186450 5.375 835.14 7/1/2004 79.98712999 0-29
33059387 6/1/2004 5/1/2034 359 180900 180900 7.625 1,149.47 6/1/2004 90 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
33866112 6ML 6.125 3 7.375 13.375 36 2% prepaid 5/1/2007 6
34164921 6ML 5.875 3 6.875 12.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33373648 6ML 5.125 3 6.625 12.625 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33866641 6ML 6.75 3 8.625 14.625 24 2% prepaid 5/1/2006 6
33866997 6ML 5.5 3 8.5 14.5 24 2% prepaid 5/1/2006 6
33991621 6ML 5.5 3 6.875 12.875 24 6 mo.s interest less 20% obal 5/1/2006 6
34146019 6ML 3.5 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2009 6
33842543 6ML 6 3 7.25 13.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33220344 6ML 5.5 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
4000135359 6ML 5.75 3 7.25 13.25 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2007 6
33839515 6ML 4.75 3 6.5 12.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33839523 6ML 5 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33948290 6ML 4 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33990599 6ML 6.5 3 8.875 14.875 12 6 mo.s interest less 20% obal 5/1/2006 6
33827056 6ML 5.625 3 7.5 13.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33959537 6ML 4.375 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34049056 6ML 5.875 3 7.25 13.25 36 6 mo.s interest less 20% obal 5/1/2007 6
34090829 6ML 4.625 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33237330 6ML 5.375 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34165795 6ML 5.875 3 7.375 13.375 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33750506 6ML 4.875 3 6.5 12.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34022657 6ML 6.875 3 8.125 14.125 24 6 mo.s interest less 20% obal 5/1/2006 6
33968645 6ML 5.5 3 6.5 12.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33748740 6ML 4.75 3 6.375 12.375 24 6 mo.s interest less 20% obal 5/1/2006 6
34094334 6ML 4.125 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33713587 6ML 6.75 3 8.25 14.25 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33293556 6ML 4.5 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34053520 6ML 3.625 3 5.5 11.5 36 6 mo.s interest less 20% obal 5/1/2009 6
33227000 6ML 5 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33434044 6ML 4.5 3 6.375 12.375 36 6 mo.s interest less 20% obal 5/1/2009 6
34093229 6ML 3.5 3 5.25 11.25 36 6 mo.s interest less 20% obal 5/1/2007 6
34205468 6ML 5.375 3 6.25 12.25 24 min (2% prepaid, 60 days interest) 5/1/2006 6
4000143324 6ML 3.375 3 5.125 11.125 0 None 5/1/2006 6
34188110 6ML 5.625 3 7 13 24 6 mo.s interest less 20% obal 5/1/2006 6
32967820 6ML 7 3 8.5 14.5 24 2% prepaid 5/1/2006 6
33717901 6ML 6.25 3 7.875 13.875 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33537408 6ML 6.25 3 7 13 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33952748 6ML 6 3 6 12 36 6 mo.s interest less 20% obal 5/1/2006 6
33921727 6ML 4.75 3 6.125 12.125 24 6 mo.s interest less 20% obal 5/1/2006 6
33888173 6ML 4 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33990508 6ML 6.125 3 7.125 13.125 24 6 mo.s interest less 20% obal 5/1/2006 6
33993080 6ML 5.375 3 6.375 12.375 24 6 mo.s interest less 20% obal 5/1/2006 6
34109165 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33478280 6ML 3.375 3 4.875 10.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33991803 6ML 5.625 3 6.875 12.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33610684 6ML 4.875 3 6.5 12.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33373895 6ML 6.125 3 6.75 12.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33912759 6ML 6.375 3 7.875 13.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33958828 6ML 4.75 3 5.99 11.99 24 6 mo.s interest less 20% obal 5/1/2006 6
34091686 6ML 3.75 3 5.125 11.125 24 6 mo.s interest less 20% obal 5/1/2006 6
34163006 6ML 3.875 3 5.25 11.25 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33790403 6ML 3.75 3 4.99 10.99 36 6 mo.s interest less 20% obal 5/1/2006 6
4000111715 6ML 3.75 3 4.999 10.999 24 6 mo.s interest less 20% obal 4/1/2006 6
33468067 6ML 3.75 3 6.25 12.25 24 6 mo.s interest less 20% obal 5/1/2009 6
34162008 6ML 4.125 3 5.875 11.875 12 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33626680 6ML 4.5 3 6 12 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33571571 6ML 4.5 3 6.125 12.125 24 6 mo.s interest less 20% obal 5/1/2006 6
34022038 6ML 5.375 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33831363 6ML 3.625 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33546524 6ML 4.25 3 6.125 12.125 12 6 mo.s interest less 20% obal 5/1/2006 6
34089417 6ML 5.875 3 7.25 13.25 12 6 mo.s interest less 20% obal 5/1/2006 6
34092619 6ML 5 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
4000118485 6ML 3.75 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2009 6
33059387 6ML 6.125 3 7.625 13.625 24 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33866112 6 R/T Refi N N 0
34164921 6 C/O Refi N N 0
33373648 6 Purchase N Y 60
33866641 6 C/O Refi N N 0
33866997 6 C/O Refi N N 0
33991621 6 C/O Refi N N 0
34146019 6 Purchase N Y 60
33842543 6 R/T Refi N Y 60
33220344 6 Purchase N N 0
4000135359 6 C/O Refi N Y 60
33839515 6 Purchase N Y 60
33839523 6 Purchase N Y 60
33948290 6 C/O Refi N Y 60
33990599 6 C/O Refi N Y 60
33827056 6 C/O Refi N N 0
33959537 6 Purchase N Y 60
34049056 6 R/T Refi N Y 60
34090829 6 C/O Refi N N 0
33237330 6 R/T Refi N N 0
34165795 6 Purchase N Y 60
33750506 6 C/O Refi N Y 60
34022657 6 Purchase N N 0
33968645 6 C/O Refi N Y 60
33748740 6 C/O Refi N N 0
34094334 6 C/O Refi N N 0
33713587 6 C/O Refi N N 0
33293556 6 Purchase N Y 60
34053520 6 Purchase N Y 60
33227000 6 Purchase N Y 60
33434044 6 Purchase N Y 60
34093229 6 Purchase N Y 60
34205468 6 Purchase N Y 60
4000143324 6 Purchase N Y 60
34188110 6 C/O Refi N N 0
32967820 6 C/O Refi N N 0
33717901 6 R/T Refi N Y 60
33537408 6 Purchase N Y 60
33952748 6 C/O Refi N N 0
33921727 6 Purchase N Y 60
33888173 6 Purchase N Y 60
33990508 6 Purchase N Y 60
33993080 6 Purchase N Y 60
34109165 6 Purchase N Y 60
33478280 6 Purchase N Y 60
33991803 6 Purchase N Y 60
33610684 6 Purchase N N 0
33373895 6 C/O Refi N N 0
33912759 6 Purchase N Y 60
33958828 6 Purchase N Y 60
34091686 6 C/O Refi N N 0
34163006 6 Purchase N Y 60
33790403 6 Purchase N Y 60
4000111715 6 Purchase N Y 60
33468067 6 C/O Refi N Y 60
34162008 6 R/T Refi N N 0
33626680 6 Purchase N Y 60
33571571 6 Purchase N Y 60
34022038 6 C/O Refi N Y 60
33831363 6 Purchase N Y 60
33546524 6 Purchase N Y 60
34089417 6 Purchase N Y 60
34092619 6 C/O Refi N N 0
4000118485 6 Purchase N Y 60
33059387 6 R/T Refi N Y 60
D-1-8
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33167966 DETROIT 48227 MI Single Family Non-Owner Occupied 12/25/1900 4/23/2004
34164855 CHICAGO 60651 IL Single Family Owner Occupied 12/25/1900 4/22/2004
34150938 BEND 97701 OR Single Family Owner Occupied 12/25/1900 4/27/2004
33373671 PORT AUSTIN 48467 MI Single Family Owner Occupied 12/25/1900 4/22/2004
34050229 PLANO 75025 TX PUD Owner Occupied 12/25/1900 4/23/2004
33838665 MORENO VALLEY 92557 CA Single Family Owner Occupied 12/25/1900 4/22/2004
34205872 LINO LAKES 55014 MN Single Family Owner Occupied 12/25/1900 4/29/2004
33521287 COMPTON 90220 CA Single Family Owner Occupied 12/25/1900 4/12/2004
33852088 BOISE 83705 ID Single Family Owner Occupied 12/25/1900 4/27/2004
33889551 HANOVER 17331 PA Single Family Owner Occupied 12/25/1900 4/23/2004
33119868 BELLE PLAINE 56011 MN Single Family Owner Occupied 12/25/1900 4/29/2004
33174020 WARREN 48091 MI Single Family Owner Occupied 12/25/1900 4/30/2004
34091785 PALMDALE 93551 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33117441 SAINT CROIX FALLS 54024 WI Multi Family - 2 Units Owner Occupied 12/25/1900 4/14/2004
33475864 SYLMAR AREA 91342 CA Single Family Owner Occupied 12/25/1900 4/20/2004
34202929 COLUMBIA HEIGHTS 55421 MN Single Family Owner Occupied 12/25/1900 4/26/2004
33972126 AURORA 80013 CO Single Family Owner Occupied 12/25/1900 4/26/2004
33712241 PLAINFIELD 60544 IL PUD Owner Occupied 12/25/1900 4/28/2004
34204206 MINNEAPOLIS 55411 MN Single Family Non-Owner Occupied 12/25/1900 4/27/2004
33748450 EVERETT 98205 WA Single Family Owner Occupied 12/25/1900 4/23/2004
33762204 STATEN ISLAND 10304 NY Single Family Owner Occupied 12/25/1900 4/29/2004
34116061 SANTA ANA 92704 CA Condo Owner Occupied 12/25/1900 4/19/2004
33851122 GRAND JUNCTION 81506 CO PUD Owner Occupied 12/25/1900 4/22/2004
33839150 RANCHO MIRAGE 92270 CA PUD Owner Occupied 12/25/1900 4/22/2004
33599606 OAKDALE 71463 LA Single Family Owner Occupied 12/25/1900 4/30/2004
34111237 WHITTIER 90605 CA Single Family Owner Occupied 12/25/1900 4/7/2004
33372376 DETROIT 48209 MI Multi Family - 2 Units Non-Owner Occupied 12/25/1900 4/22/2004
33625088 FLINT 48507 MI Single Family Owner Occupied 12/25/1900 4/16/2004
33954231 CALEXICO 92231 CA Single Family Owner Occupied 12/25/1900 4/15/2004
34088583 EL MONTE 91732 CA Single Family Owner Occupied 12/25/1900 4/22/2004
34090381 SAN BERNARDINO 92407 CA Single Family Owner Occupied 12/25/1900 4/21/2004
34119719 ANAHEIM 92804 CA Single Family Owner Occupied 12/25/1900 4/21/2004
34205377 SAINT PAUL 55105 MN Single Family Non-Owner Occupied 12/25/1900 4/28/2004
4000142902 FRESNO 93705 CA Single Family Owner Occupied 12/25/1900 4/20/2004
34108530 HEMET 92545 CA Single Family Owner Occupied 12/25/1900 4/12/2004
33885120 LYNCHBURG 24502 VA Single Family Owner Occupied 12/25/1900 4/23/2004
33944950 ONTARIO 91762 CA PUD Owner Occupied 12/25/1900 4/19/2004
34122978 CINCINNATI 45231 OH Single Family Owner Occupied 12/25/1900 4/26/2004
34129072 PICKERINGTON 43147 OH Condo Owner Occupied 12/25/1900 4/23/2004
34087312 HIGHLAND 92346 CA Single Family Owner Occupied 12/25/1900 4/20/2004
4000143156 YUBA CITY 95993 CA Single Family Owner Occupied 12/25/1900 4/27/2004
34113043 LAKEWOOD 90713 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33579046 BEND 97702 OR Single Family Owner Occupied 12/25/1900 4/23/2004
34047654 AUSTIN 78739 TX PUD Owner Occupied 12/25/1900 4/27/2004
33837048 MORENO VALLEY 92555 CA PUD Owner Occupied 12/25/1900 4/15/2004
34106021 (PACOIMA AREA) LOS ANGELES 91331 CA Condo Owner Occupied 12/25/1900 4/6/2004
4000109411 BEAUMONT 77707 TX Single Family Owner Occupied 12/25/1900 4/15/2004
34115097 RANCHO CUCAMONGA 91730 CA Single Family Owner Occupied 12/25/1900 4/13/2004
4000134540 ST. CHARLES 63301 MO Single Family Owner Occupied 12/25/1900 4/30/2004
33984865 BOCA RATON 33486 FL Single Family Owner Occupied 12/25/1900 4/20/2004
33836388 COACHELLA 92236 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33988858 MIAMI 33177 FL Single Family Owner Occupied 12/25/1900 4/19/2004
34171975 AURORA 60504 IL Condo Owner Occupied 12/25/1900 4/30/2004
33353418 CHARLOTTE 28213 NC Condo Owner Occupied 12/25/1900 4/21/2004
33476201 CANYON COUNTRY AREA 91351 CA Condo Owner Occupied 12/25/1900 4/23/2004
4000133742 WARREN 48091 MI Single Family Owner Occupied 12/25/1900 4/26/2004
33914060 PLEASANT GROVE 35127 AL Single Family Owner Occupied 12/25/1900 4/23/2004
34205393 SAINT PAUL 55116 MN Single Family Owner Occupied 12/25/1900 4/30/2004
34187658 CORDOVA 38018 TN Single Family Owner Occupied 12/25/1900 4/23/2004
33830308 LANCASTER 93534 CA Single Family Non-Owner Occupied 12/25/1900 4/23/2004
33336165 ONTARIO 91761 CA Single Family Owner Occupied 12/25/1900 4/16/2004
34182907 CLANTON 35046 AL Single Family Owner Occupied 12/25/1900 4/20/2004
34025395 NEW BEDFORD 2740 MA Multi Family - 2 Units Owner Occupied 12/25/1900 4/30/2004
33473349 BAKERSFIELD 93304 CA Single Family Owner Occupied 12/25/1900 4/19/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33167966 6/1/2004 5/1/2034 359 35000 34935.8 7.5 244.73 6/1/2004 70 0-29
34164855 6/1/2004 5/1/2034 359 119000 118750.9 5.75 694.46 6/1/2004 55.34883721 0-29
34150938 6/1/2004 5/1/2034 359 123200 123167.91 6.25 641.67 6/1/2004 80 0-29
33373671 6/1/2004 5/1/2034 359 108000 107850.85 7.875 783.08 6/1/2004 60 0-29
34050229 6/1/2004 5/1/2034 359 251200 251200 5.75 1,203.67 6/1/2004 80 0-29
33838665 6/1/2004 5/1/2034 359 254600 254220.9 7.5 1,780.21 6/1/2004 95 0-29
34205872 6/1/2004 5/1/2034 358 211200 211200 5.125 902.00 7/1/2004 80 0-29
33521287 6/1/2004 5/1/2034 359 190000 189999.58 6.25 989.58 6/1/2004 77.55102041 0-29
33852088 6/1/2004 5/1/2034 359 67900 67900 5.75 325.35 6/1/2004 79.97644287 0-29
33889551 6/1/2004 5/1/2034 358 183900 183900 6.375 976.97 7/1/2004 79.99130057 0-29
33119868 6/1/2004 5/1/2034 359 159000 159000 5.875 778.44 6/1/2004 79.97987928 0-29
33174020 6/1/2004 5/1/2034 358 79400 79274.78 8.125 589.55 7/1/2004 74.97639282 0-29
34091785 6/1/2004 5/1/2034 359 244400 244017.53 7.25 1,667.24 6/1/2004 80 0-29
33117441 6/1/2004 5/1/2034 359 112200 112024.41 7.25 765.41 6/1/2004 85 0-29
33475864 6/1/2004 5/1/2034 359 296000 296000 6 1,480.00 6/1/2004 80 0-29
34202929 6/1/2004 5/1/2034 359 183600 183600 7.5 1,147.50 6/1/2004 90 0-29
33972126 6/1/2004 5/1/2034 359 191600 191600 5.25 838.25 6/1/2004 79.83333333 0-29
33712241 6/1/2004 5/1/2034 359 190000 189663.79 6.625 1,216.60 6/1/2004 94.70310576 0-29
34204206 6/1/2004 5/1/2034 358 142200 142200 6.75 799.88 7/1/2004 90 0-29
33748450 6/1/2004 5/1/2034 359 160000 160000 4.875 650.00 6/1/2004 80 0-29
33762204 6/1/2004 5/1/2034 359 308750 308420.13 9.125 2,512.10 6/1/2004 95 0-29
34116061 6/1/2004 5/1/2034 359 243000 242548.66 6.375 1,516.01 6/1/2004 90 0-29
33851122 6/1/2004 5/1/2034 359 137950 137950 5.25 603.53 6/1/2004 79.9714781 0-29
33839150 6/1/2004 5/1/2034 358 288350 288350 5.625 1,351.64 7/1/2004 79.98657413 0-29
33599606 6/1/2004 5/1/2034 359 43200 43138.8 7.75 309.50 6/1/2004 90 0-29
34111237 6/1/2004 5/1/2034 359 250750 250212.6 5.625 1,443.46 6/1/2004 85 0-29
33372376 6/1/2004 5/1/2034 358 89100 89100 5.875 436.22 7/1/2004 90 0-29
33625088 6/1/2004 5/1/2034 359 75600 75505.69 8.375 574.62 6/1/2004 90 0-29
33954231 6/1/2004 5/1/2034 359 159000 158712.56 6.625 1,018.10 6/1/2004 88.82681564 0-29
34088583 6/1/2004 5/1/2034 359 247000 247000 6.875 1,581.57 6/1/2004 95 0-29
34090381 6/1/2004 5/1/2034 359 120500 120259.02 5.99 721.69 6/1/2004 63.42105263 0-29
34119719 6/1/2004 5/1/2034 358 333600 333600 5.75 1,598.50 7/1/2004 80 0-29
34205377 6/1/2004 5/1/2034 359 189000 189000 6.875 1,082.81 6/1/2004 90 0-29
4000142902 6/1/2004 5/1/2034 359 100000 99823.06 6.625 640.31 6/1/2004 58.82352941 0-29
34108530 6/1/2004 5/1/2034 359 221900 221900 5.25 970.81 6/1/2004 79.98702329 0-29
33885120 6/1/2004 5/1/2034 359 102300 102300 5.375 458.22 6/1/2004 79.98436278 0-29
33944950 6/1/2004 5/1/2034 359 132000 131643.58 6.375 823.51 6/1/2004 75.42857143 0-29
34122978 6/1/2004 5/1/2034 358 97500 97354.82 7.5 681.74 7/1/2004 92.85714286 0-29
34129072 6/1/2004 5/1/2034 359 92000 91869.72 7.75 659.10 6/1/2004 81.4159292 0-29
34087312 6/1/2004 5/1/2034 359 210000 209506.52 5.5 1,192.36 6/1/2004 62.8742515 0-29
4000143156 6/1/2004 5/1/2034 359 180000 180000 6 900.00 6/1/2004 80 0-29
34113043 6/1/2004 5/1/2034 358 325000 324939.06 6.75 1,828.13 7/1/2004 77.38095238 0-29
33579046 6/1/2004 5/1/2034 359 124400 124400 6.125 634.96 6/1/2004 80 0-29
34047654 6/1/2004 5/1/2034 359 215950 215950 5 899.79 6/1/2004 79.98444387 0-29
33837048 6/1/2004 5/1/2034 359 249700 249700 5.25 1,092.44 6/1/2004 79.99154274 0-29
34106021 6/1/2004 5/1/2034 359 156600 156600 6.625 864.56 6/1/2004 90 0-29
4000109411 6/1/2004 5/1/2034 359 179200 179200 5.5 821.33 6/1/2004 80 0-29
34115097 6/1/2004 5/1/2034 359 276000 275529.6 6.99 1,834.39 6/1/2004 80 0-29
4000134540 6/1/2004 5/1/2034 359 140000 139954.17 4.75 554.17 6/1/2004 80 0-29
33984865 6/1/2004 5/1/2034 359 306000 305403.66 6.125 1,859.29 6/1/2004 90 0-29
33836388 6/1/2004 5/1/2034 358 153000 152729.27 6.625 979.68 7/1/2004 90 0-29
33988858 6/1/2004 5/1/2034 359 207000 206676.06 7.25 1,412.11 6/1/2004 84.14634146 0-29
34171975 6/1/2004 5/1/2034 359 184450 184225.71 8.5 1,418.27 6/1/2004 99.97831861 0-29
33353418 6/1/2004 5/1/2034 359 78300 78067.51 7.99 574.00 6/1/2004 90 0-29
33476201 6/1/2004 5/1/2034 359 251650 251550 6.25 1,310.68 6/1/2004 94.9981125 0-29
4000133742 6/1/2004 5/1/2034 359 104000 104000 5.5 476.67 6/1/2004 80 0-29
33914060 6/1/2004 5/1/2034 358 104400 104259.41 8 766.06 7/1/2004 90 0-29
34205393 6/1/2004 5/1/2034 359 160100 160100 5.625 750.47 6/1/2004 89.99437886 0-29
34187658 6/1/2004 5/1/2034 359 109520 109520 7.125 650.28 6/1/2004 80 0-29
33830308 6/1/2004 5/1/2034 358 148500 148500 7 866.25 7/1/2004 90 0-29
33336165 6/1/2004 5/1/2034 359 204000 203998.3 4.99 848.30 6/1/2004 80 0-29
34182907 6/1/2004 5/1/2034 360 113400 113269.03 8.75 892.12 6/1/2004 90 0-29
34025395 6/1/2004 5/1/2034 358 198550 198147.93 7.25 1,199.57 7/1/2004 95 0-29
33473349 6/1/2004 5/1/2034 359 127950 127949.71 5.625 599.77 6/1/2004 79.99374805 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33167966 6ML 5.625 3 7.5 13.5 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34164855 6ML 3.875 3 5.75 11.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34150938 6ML 4.25 3 6.25 12.25 36 6 mo.s interest less 20% obal 5/1/2009 6
33373671 6ML 5.375 3 7.875 13.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34050229 6ML 4.125 3 5.75 11.75 36 6 mo.s interest less 20% obal 5/1/2009 6
33838665 6ML 6.625 3 7.5 13.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34205872 6ML 4.25 1 5.125 11.125 36 min (2% prepaid, 60 days interest) 11/1/2004 6
33521287 6ML 4.625 3 6.25 12.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33852088 6ML 4.125 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33889551 6ML 5.125 3 6.375 12.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33119868 6ML 3.875 3 5.875 11.875 24 min (2% prepaid, 60 days interest) 5/1/2009 6
33174020 6ML 5.625 3 8.125 14.125 12 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34091785 6ML 5.625 3 7.25 13.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33117441 6ML 4.5 3 7.25 13.25 36 6 mo.s interest less 20% obal 5/1/2006 6
33475864 6ML 4.625 3 6 12 36 6 mo.s interest less 20% obal 5/1/2007 6
34202929 6ML 6.375 3 7.5 13.5 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33972126 6ML 3.875 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33712241 6ML 5.375 3 6.625 12.625 0 None 5/1/2006 6
34204206 6ML 5.375 1 6.75 12.75 36 min (2% prepaid, 60 days interest) 11/1/2004 6
33748450 6ML 3.625 3 4.875 10.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33762204 6ML 6.125 3 9.125 15.125 0 None 5/1/2006 6
34116061 6ML 5.5 3 6.375 12.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33851122 6ML 3.625 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33839150 6ML 4.375 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33599606 6ML 6.5 3 7.75 13.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34111237 6ML 4.625 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33372376 6ML 4.25 3 5.875 11.875 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33625088 6ML 6.875 3 8.375 14.375 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33954231 6ML 5.875 3 6.625 12.625 24 6 mo.s interest less 20% obal 5/1/2006 6
34088583 6ML 5.875 3 6.875 12.875 24 6 mo.s interest less 20% obal 5/1/2006 6
34090381 6ML 4.5 3 5.99 11.99 24 6 mo.s interest less 20% obal 5/1/2006 6
34119719 6ML 4.25 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34205377 6ML 4.75 3 6.875 12.875 36 min (2% prepaid, 60 days interest) 5/1/2009 6
4000142902 6ML 4.5 3 6.625 12.625 12 6 mo.s interest less 20% obal 5/1/2006 6
34108530 6ML 4.125 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33885120 6ML 4 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33944950 6ML 4.875 3 6.375 12.375 24 6 mo.s interest less 20% obal 5/1/2006 6
34122978 6ML 6.375 3 7.5 13.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34129072 6ML 6.125 3 7.75 13.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34087312 6ML 4 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
4000143156 6ML 4.625 3 6 12 24 6 mo.s interest less 20% obal 5/1/2007 6
34113043 6ML 5.25 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33579046 6ML 4.5 3 6.125 12.125 36 6 mo.s interest less 20% obal 5/1/2007 6
34047654 6ML 3.5 3 5 11 36 6 mo.s interest less 20% obal 5/1/2009 6
33837048 6ML 3.375 3 5.25 11.25 36 6 mo.s interest less 20% obal 5/1/2009 6
34106021 6ML 5.375 3 6.625 12.625 24 6 mo.s interest less 20% obal 5/1/2006 6
4000109411 6ML 3.625 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2009 6
34115097 6ML 5.375 3 6.99 12.99 24 6 mo.s interest less 20% obal 5/1/2006 6
4000134540 6ML 3.625 3 4.75 10.75 24 2% prepaid 5/1/2006 6
33984865 6ML 5.75 3 6.125 12.125 24 6 mo.s interest less 20% obal 5/1/2006 6
33836388 6ML 5.125 3 6.625 12.625 36 6 mo.s interest less 20% obal 5/1/2006 6
33988858 6ML 6.125 3 7.25 13.25 24 6 mo.s interest less 20% obal 5/1/2006 6
34171975 6ML 5.375 3 8.5 14.5 0 None 5/1/2006 6
33353418 6ML 6.5 3 7.99 13.99 0 None 5/1/2006 6
33476201 6ML 4.875 3 6.25 12.25 36 6 mo.s interest less 20% obal 5/1/2009 6
4000133742 6ML 3.875 3 5.5 11.5 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2007 6
33914060 6ML 6.75 3 8 14 24 6 mo.s interest less 20% obal 5/1/2006 6
34205393 6ML 5 1 5.625 11.625 36 min (2% prepaid, 60 days interest) 11/1/2004 6
34187658 6ML 5.5 3 7.125 13.125 24 6 mo.s interest less 20% obal 5/1/2006 6
33830308 6ML 5.375 1 7 13 24 6 mo.s interest less 20% obal 11/1/2004 6
33336165 6ML 3.875 3 4.99 10.99 24 6 mo.s interest less 20% obal 5/1/2006 6
34182907 6ML 6.875 3 8.75 14.75 24 6 mo.s interest less 20% obal 5/1/2007 6
34025395 6ML 6.375 3 7.25 13.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33473349 6ML 4 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------------------
33167966 6 C/O Refi N N 0
34164855 6 C/O Refi N N 0
34150938 6 Purchase N Y 60
33373671 6 C/O Refi N N 0
34050229 6 Purchase N Y 60
33838665 6 C/O Refi N N 0
34205872 6 Purchase N Y 60
33521287 6 R/T Refi N Y 60
33852088 6 Purchase N Y 60
33889551 6 Purchase N Y 60
33119868 6 Purchase N Y 60
33174020 6 Purchase N N 0
34091785 6 C/O Refi N N 0
33117441 6 Purchase 2/28 Dividend Loan N 0
33475864 6 Purchase N Y 60
34202929 6 C/O Refi N Y 60
33972126 6 Purchase N Y 60
33712241 6 Purchase N N 0
34204206 6 Purchase N Y 60
33748450 6 Purchase N Y 60
33762204 6 Purchase N N 0
34116061 6 Purchase N N 0
33851122 6 Purchase N Y 60
33839150 6 Purchase N Y 60
33599606 6 Purchase N N 0
34111237 6 C/O Refi N N 0
33372376 6 Purchase N Y 60
33625088 6 C/O Refi N N 0
33954231 6 C/O Refi N N 0
34088583 6 Purchase N Y 60
34090381 6 C/O Refi N N 0
34119719 6 Purchase N Y 60
34205377 6 Purchase N Y 60
4000142902 6 C/O Refi N N 0
34108530 6 Purchase N Y 60
33885120 6 Purchase N Y 60
33944950 6 C/O Refi N N 0
34122978 6 C/O Refi N N 0
34129072 6 C/O Refi N N 0
34087312 6 C/O Refi N N 0
4000143156 6 Purchase N Y 60
34113043 6 C/O Refi N Y 60
33579046 6 Purchase N Y 60
34047654 6 Purchase N Y 60
33837048 6 Purchase N Y 60
34106021 6 C/O Refi N Y 60
4000109411 6 Purchase N Y 60
34115097 6 C/O Refi N N 0
4000134540 6 Purchase N Y 60
33984865 6 C/O Refi N N 0
33836388 6 C/O Refi N N 0
33988858 6 C/O Refi N N 0
34171975 6 Purchase N N 0
33353418 6 Purchase N N 0
33476201 6 Purchase N Y 60
4000133742 6 R/T Refi N Y 60
33914060 6 Purchase N N 0
34205393 6 Purchase N Y 60
34187658 6 Purchase N Y 60
33830308 6 Purchase N Y 60
33336165 6 Purchase N Y 60
34182907 6 C/O Refi N N 0
34025395 6 Purchase N Y 60
33473349 6 Purchase N Y 60
D-1-9
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33419581 KINGSBURG 93631 CA Single Family Owner Occupied 12/25/1900 4/15/2004
33769985 ROSEDALE 11422 NY Single Family Owner Occupied 12/25/1900 4/16/2004
33848722 WEST VALLEY CITY 84128 UT Single Family Owner Occupied 12/25/1900 4/22/2004
34115311 HAWTHORNE 90250 CA Single Family Owner Occupied 12/25/1900 4/26/2004
34323147 CULVER CITY 90232 CA Multi Family - 4 Units Owner Occupied 12/25/1900 4/23/2004
4000140726 CERES 95307 CA Single Family Owner Occupied 12/25/1900 4/7/2004
32680712 SAINT LOUIS 63115 MO Single Family Owner Occupied 12/25/1900 4/21/2004
33986969 WESTON 33326 FL PUD Owner Occupied 12/25/1900 4/26/2004
33955451 MURRIETA 92563 CA Condo Owner Occupied 12/25/1900 4/22/2004
34163220 STREAMWOOD 60107 IL Single Family Owner Occupied 12/25/1900 4/27/2004
33721796 BARTLETT 60103 IL Single Family Owner Occupied 12/25/1900 4/19/2004
33354267 CHARLOTTE 28215 NC PUD Owner Occupied 12/25/1900 4/16/2004
33864653 SOUTH MILWAUKEE 53172 WI Single Family Owner Occupied 12/25/1900 4/23/2004
33891235 BOWIE 20715 MD Condo Owner Occupied 12/25/1900 4/27/2004
34089664 LOS ANGELES 90026 CA Single Family Non-Owner Occupied 12/25/1900 4/19/2004
33987710 MARGATE 33068 FL PUD Owner Occupied 12/25/1900 4/26/2004
4000139312 STOCKTON 95204 CA Single Family Second Home 12/25/1900 4/8/2004
33991589 MIAMI 33142 FL Multi Family - 2 Units Owner Occupied 12/25/1900 4/30/2004
33451386 CARTERET 7008 NJ Multi Family - 2 Units Owner Occupied 12/25/1900 3/26/2004
34109835 ORANGE 92866 CA Multi Family - 2 Units Owner Occupied 12/25/1900 4/13/2004
34246991 SPRING HILL 34609 FL Single Family Owner Occupied 12/25/1900 4/30/2004
33373093 DETROIT 48227 MI Single Family Owner Occupied 12/25/1900 4/21/2004
33721275 MATTESON 60443 IL Single Family Owner Occupied 12/25/1900 4/23/2004
34008854 TOMBALL 77377 TX PUD Owner Occupied 12/25/1900 4/20/2004
34054841 MARBLE FALLS 78654 TX PUD Owner Occupied 12/25/1900 4/27/2004
34115899 MORENO VALLEY 92557 CA PUD Owner Occupied 12/25/1900 4/27/2004
33921602 WEST MELBOURNE 32904 FL PUD Owner Occupied 12/25/1900 4/28/2004
34117390 ONTARIO 91764 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33841685 PALM DESERT 92211 CA Condo Owner Occupied 12/25/1900 4/26/2004
33889973 BALTIMORE 21206 MD Single Family Owner Occupied 12/25/1900 4/30/2004
33473745 CAMARILLO 93010 CA Condo Owner Occupied 12/25/1900 4/19/2004
33172396 DETROIT 48219 MI Single Family Owner Occupied 12/25/1900 4/26/2004
33972936 THORNTON 80233 CO PUD Owner Occupied 12/25/1900 4/23/2004
33840570 MURRIETA 92562 CA Single Family Owner Occupied 12/25/1900 4/19/2004
34091066 HESPERIA 92345 CA Single Family Owner Occupied 12/25/1900 4/22/2004
34128116 MONROE 45050 OH Single Family Owner Occupied 12/25/1900 4/28/2004
33902164 BRADENTON 34205 FL Single Family Owner Occupied 12/25/1900 4/22/2004
34102418 (ARLETA AREA) LOS ANGELES 91331 CA Single Family Owner Occupied 12/25/1900 4/5/2004
4000142551 LOS BANOS 93635 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33476623 LOS ANGELES 91352 CA Condo Owner Occupied 12/25/1900 4/26/2004
33971771 DENVER 80228 CO Condo Owner Occupied 12/25/1900 4/23/2004
33120684 SAINT PAUL 55119 MN Single Family Owner Occupied 12/25/1900 4/26/2004
33711599 ELGIN 60120 IL Single Family Owner Occupied 12/25/1900 4/19/2004
33989047 HOLLYWOOD 33024 FL Single Family Owner Occupied 12/25/1900 4/22/2004
34222067 ALBUQUERQUE 87105 NM Single Family Owner Occupied 12/25/1900 4/16/2004
34089896 WHITTIER 90606 CA Single Family Owner Occupied 12/25/1900 4/23/2004
34202457 CRYSTAL 55428 MN Single Family Owner Occupied 12/25/1900 4/30/2004
33172297 MARYSVILLE 48040 MI Single Family Owner Occupied 12/25/1900 4/21/2004
33827940 RIVERSIDE 92504 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33955873 VISTA 92081 CA Condo Owner Occupied 12/25/1900 4/20/2004
33706987 BERWYN 60402 IL Single Family Owner Occupied 12/25/1900 4/16/2004
33519653 FONTANA 92336 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33581406 EUGENE 97408 OR Single Family Owner Occupied 12/25/1900 4/20/2004
33627142 MUSKEGON 49441 MI Single Family Owner Occupied 12/25/1900 4/23/2004
4000125550 SACRAMENTO 95821 CA Single Family Owner Occupied 12/25/1900 4/26/2004
32917155 WEST VALLEY CITY 84119 UT Single Family Owner Occupied 12/25/1900 4/20/2004
34182980 NASHVILLE 37220 TN Single Family Owner Occupied 12/25/1900 4/30/2004
33234865 HENDERSON 89074 NV PUD Owner Occupied 12/25/1900 4/16/2004
33987744 LAUDERHILL 33313 FL Condo Owner Occupied 12/25/1900 4/30/2004
33887027 BALTIMORE 21234 MD Single Family Owner Occupied 12/25/1900 4/23/2004
33009010 EDINBURGH 46124 IN Single Family Owner Occupied 12/25/1900 4/20/2004
34082156 SIMI VALLEY 93065 CA Single Family Owner Occupied 12/25/1900 4/8/2004
33524687 MOUNT GILEAD 43338 OH Single Family Owner Occupied 12/25/1900 4/22/2004
33720947 LAKE IN THE HILLS 60156 IL Single Family Owner Occupied 12/25/1900 4/21/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33419581 6/1/2004 5/1/2034 359 124200 123985.53 6.75 805.56 6/1/2004 90 0-29
33769985 6/1/2004 5/1/2034 359 327750 327111.25 6.125 1,991.45 6/1/2004 95 0-29
33848722 6/1/2004 5/1/2034 359 92000 91787.19 6.25 479.17 6/1/2004 76.66666667 0-29
34115311 6/1/2004 5/1/2034 359 240000 239554.24 6.375 1,497.29 6/1/2004 69.76744186 0-29
34323147 6/1/2004 5/1/2034 359 632000 632000 6.375 3,357.50 6/1/2004 80 0-29
4000140726 6/1/2004 5/1/2034 359 181600 181600 5 756.67 6/1/2004 80 0-29
32680712 6/1/2004 5/1/2034 359 62400 62309.37 7.625 441.67 6/1/2004 80 0-29
33986969 6/1/2004 5/1/2034 359 180000 180000 7.875 1,181.25 6/1/2004 88.23529412 0-29
33955451 6/1/2004 5/1/2034 358 232800 232800 6.125 1,188.25 7/1/2004 80 0-29
34163220 7/1/2004 6/1/2034 360 171700 171544.77 6.5 1,085.27 7/1/2004 85 0-29
33721796 6/1/2004 5/1/2034 359 75000 74879.69 7.125 505.29 6/1/2004 29.41176471 0-29
33354267 6/1/2004 5/1/2034 359 309700 309700 6.625 1,709.80 6/1/2004 95 0-29
33864653 6/1/2004 5/1/2034 359 98000 97830.77 6.75 635.63 6/1/2004 79.67479675 0-29
33891235 6/1/2004 5/1/2034 359 111350 111350 5.25 487.16 6/1/2004 79.97270801 0-29
34089664 6/1/2004 5/1/2034 359 306000 306000 6.99 1,782.45 6/1/2004 85 0-29
33987710 6/1/2004 5/1/2034 358 162450 162169.47 6.75 1,053.65 7/1/2004 95 0-29
4000139312 6/1/2004 5/1/2034 359 269950 269950 6.5 1,462.23 6/1/2004 89.99833306 0-29
33991589 6/1/2004 5/1/2034 359 195000 194671.4 6.875 1,281.02 6/1/2004 100 0-29
33451386 5/1/2004 4/1/2034 358 185000 184564.42 7.25 1,262.03 6/1/2004 63.13993174 0-29
34109835 6/1/2004 5/1/2034 359 389000 389000 6.625 2,147.60 6/1/2004 67.65217391 0-29
34246991 6/1/2004 5/1/2034 359 119700 119482.99 6.5 756.59 6/1/2004 100 0-29
33373093 6/1/2004 5/1/2034 358 59200 59096.77 7.875 429.25 7/1/2004 80 0-29
33721275 6/1/2004 5/1/2034 359 330000 329456.34 6.99 2,193.29 6/1/2004 100 0-29
34008854 6/1/2004 5/1/2034 359 224800 224361.9 6.125 1,365.91 6/1/2004 80 0-29
34054841 6/1/2004 5/1/2034 359 114150 114150 5.375 511.30 6/1/2004 79.9812221 0-29
34115899 6/1/2004 5/1/2034 359 285000 284550.72 7.25 1,944.21 6/1/2004 82.3699422 0-29
33921602 6/1/2004 5/1/2034 359 247350 247350 6.5 1,339.81 6/1/2004 94.98957361 0-29
34117390 6/1/2004 5/1/2034 359 263600 263599.83 6.5 1,427.83 6/1/2004 80 0-29
33841685 6/1/2004 5/1/2034 358 250000 250000 6.875 1,432.29 7/1/2004 100 0-29
33889973 6/1/2004 5/1/2034 359 104800 104640.01 7.375 723.83 6/1/2004 80 0-29
33473745 6/1/2004 5/1/2034 358 276250 276250 6.625 1,525.13 7/1/2004 85 0-29
33172396 6/1/2004 5/1/2034 359 41400 41350.93 8.625 322.01 6/1/2004 90 0-29
33972936 6/1/2004 5/1/2034 359 113600 113600 5.875 556.17 6/1/2004 80 0-29
33840570 6/1/2004 5/1/2034 359 264000 264000 6 1,320.00 6/1/2004 80 0-29
34091066 6/1/2004 5/1/2034 358 139500 139259.1 6.75 904.80 7/1/2004 93 0-29
34128116 6/1/2004 5/1/2034 359 156600 156600 6.875 897.19 6/1/2004 89.48571429 0-29
33902164 6/1/2004 5/1/2034 359 147100 147088 6.875 842.76 6/1/2004 79.98912452 0-29
34102418 6/1/2004 5/1/2034 359 291900 291900 5.25 1,277.06 6/1/2004 79.99451905 0-29
4000142551 6/1/2004 5/1/2034 359 270000 270000 8 1,800.00 6/1/2004 100 0-29
33476623 6/1/2004 5/1/2034 358 230000 230000 6.875 1,317.71 7/1/2004 100 0-29
33971771 6/1/2004 5/1/2034 359 103500 103338.01 7.25 706.06 6/1/2004 75 0-29
33120684 6/1/2004 5/1/2034 359 148000 147750.6 6.875 972.26 6/1/2004 80 0-29
33711599 6/1/2004 5/1/2034 359 142500 142303.21 7.875 1,033.23 6/1/2004 75 0-29
33989047 6/1/2004 5/1/2034 359 225150 225150 6.25 1,172.66 6/1/2004 95 0-29
34222067 6/1/2004 5/1/2034 358 114900 114900 6.75 646.31 7/1/2004 94.95867769 0-29
34089896 6/1/2004 5/1/2034 359 296700 296700 5.75 1,421.69 6/1/2004 79.99460771 0-29
34202457 6/1/2004 5/1/2034 358 185950 185950 6.5 1,007.23 7/1/2004 79.99913956 0-29
33172297 6/1/2004 5/1/2034 359 81000 80888.14 7.875 587.31 6/1/2004 65.85365854 0-29
33827940 6/1/2004 5/1/2034 359 284000 284000 5.25 1,242.50 6/1/2004 80 0-29
33955873 6/1/2004 5/1/2034 359 216000 215608.4 6.5 1,365.27 6/1/2004 80 0-29
33706987 6/1/2004 5/1/2034 359 119000 118809.1 7.125 801.73 6/1/2004 62.63157895 0-29
33519653 6/1/2004 5/1/2034 358 258000 257993.83 5.5 1,182.50 7/1/2004 80 0-29
33581406 6/1/2004 5/1/2034 359 140000 140000 5.375 627.08 6/1/2004 80 0-29
33627142 6/1/2004 5/1/2034 359 284750 284326.02 7.5 1,991.02 6/1/2004 85 0-29
4000125550 6/1/2004 5/1/2034 359 216800 216800 5.25 948.50 6/1/2004 80 0-29
32917155 6/1/2004 5/1/2034 359 107200 107200 5.75 513.67 6/1/2004 80 0-29
34182980 6/1/2004 5/1/2034 359 156000 156000 5.625 731.25 6/1/2004 80 0-29
33234865 6/1/2004 5/1/2034 359 197000 196668.05 6.875 1,294.15 6/1/2004 82.08333333 0-29
33987744 6/1/2004 5/1/2034 358 73150 73150 7.125 434.33 7/1/2004 95 0-29
33887027 6/1/2004 5/1/2034 358 137600 137395.12 7.5 962.12 7/1/2004 84.41717791 0-29
33009010 6/1/2004 5/1/2034 359 108500 108241.24 6.75 703.73 6/1/2004 93.53448276 0-29
34082156 6/1/2004 5/1/2034 359 245000 244510.98 6 1,468.90 6/1/2004 67.12328767 0-29
33524687 6/1/2004 5/1/2034 359 91800 91676.39 8 673.60 6/1/2004 90 0-29
33720947 6/1/2004 5/1/2034 359 229500 229166.73 7.625 1,624.39 6/1/2004 85.31598513 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33419581 6ML 5.75 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33769985 6ML 5.25 3 6.125 12.125 0 None 5/1/2007 6
33848722 6ML 4.375 1 6.25 12.25 24 6 mo.s interest less 20% obal 11/1/2004 6
34115311 6ML 5.25 3 6.375 12.375 24 6 mo.s interest less 20% obal 5/1/2006 6
34323147 6ML 4.5 3 6.375 12.375 24 6 mo.s interest less 20% obal 5/1/2006 6
4000140726 6ML 3.625 3 5 11 24 6 mo.s interest less 20% obal 5/1/2006 6
32680712 6ML 6 3 7.625 13.625 24 2% prepaid 5/1/2006 6
33986969 6ML 6.375 3 7.875 13.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33955451 6ML 4 3 6.125 12.125 36 6 mo.s interest less 20% obal 5/1/2009 6
34163220 6ML 5.625 3 6.5 12.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 6/1/2006 6
33721796 6ML 4.75 3 7.125 13.125 0 None 5/1/2006 6
33354267 6ML 5.5 3 6.625 12.625 0 None 5/1/2007 6
33864653 6ML 4.125 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33891235 6ML 3.75 3 5.25 11.25 36 6 mo.s interest less 20% obal 5/1/2006 6
34089664 6ML 4.375 3 6.99 12.99 0 None 5/1/2006 6
33987710 6ML 6.25 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
4000139312 6ML 5.25 3 6.5 12.5 36 6 mo.s interest less 20% obal 5/1/2007 6
33991589 6ML 6.125 3 6.875 12.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33451386 6ML 6 3 7.25 13.25 0 None 4/1/2006 6
34109835 6ML 4.875 3 6.625 12.625 24 6 mo.s interest less 20% obal 5/1/2006 6
34246991 6ML 5.5 3 6.5 12.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33373093 6ML 6.5 3 7.875 13.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33721275 6ML 5.125 3 6.99 12.99 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34008854 6ML 5 3 6.125 12.125 0 None 5/1/2006 6
34054841 6ML 4.125 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2006 6
34115899 6ML 6.125 3 7.25 13.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33921602 6ML 5.5 3 6.5 12.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34117390 6ML 4.75 3 6.5 12.5 36 6 mo.s interest less 20% obal 5/1/2009 6
33841685 6ML 5.625 3 6.875 12.875 36 6 mo.s interest less 20% obal 5/1/2007 6
33889973 6ML 6 3 7.375 13.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33473745 6ML 5.625 3 6.625 12.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33172396 6ML 6 3 8.625 14.625 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33972936 6ML 4.25 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33840570 6ML 4.625 3 6 12 24 6 mo.s interest less 20% obal 5/1/2006 6
34091066 6ML 5.75 3 6.75 12.75 36 6 mo.s interest less 20% obal 5/1/2007 6
34128116 6ML 5.75 3 6.875 12.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33902164 6ML 5.625 3 6.875 12.875 24 6 mo.s interest less 20% obal 5/1/2009 6
34102418 6ML 3.75 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
4000142551 6ML 6.25 3 8 14 24 6 mo.s interest less 20% obal 5/1/2006 6
33476623 6ML 5.625 3 6.875 12.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33971771 6ML 4.625 3 7.25 13.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33120684 6ML 5.625 3 6.875 12.875 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33711599 6ML 5.75 3 7.875 13.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33989047 6ML 5.125 3 6.25 12.25 24 6 mo.s interest less 20% obal 5/1/2006 6
34222067 6ML 5.25 3 6.75 12.75 0 None 5/1/2006 6
34089896 6ML 4.375 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34202457 6ML 4.75 3 6.5 12.5 36 min (2% prepaid, 60 days interest) 5/1/2009 6
33172297 6ML 6.125 3 7.875 13.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33827940 6ML 3.875 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33955873 6ML 4.625 3 6.5 12.5 0 None 5/1/2006 6
33706987 6ML 4.875 3 7.125 13.125 12 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33519653 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33581406 6ML 4 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33627142 6ML 6.625 3 7.5 13.5 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
4000125550 6ML 3.625 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2009 6
32917155 6ML 4.125 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34182980 6ML 3.75 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2009 6
33234865 6ML 5.875 3 6.875 12.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33987744 6ML 5.75 3 7.125 13.125 24 6 mo.s interest less 20% obal 5/1/2006 6
33887027 6ML 6 3 7.5 13.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33009010 6ML 5.5 3 6.75 12.75 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2007 6
34082156 6ML 4.25 3 6 12 36 6 mo.s interest less 20% obal 5/1/2009 6
33524687 6ML 6.5 3 8 14 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33720947 6ML 5.875 3 7.625 13.625 12 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33419581 6 C/O Refi N N 0
33769985 6 C/O Refi N N 0
33848722 6 C/O Refi N Y 60
34115311 6 C/O Refi N N 0
34323147 6 Purchase N Y 60
4000140726 6 Purchase N Y 60
32680712 6 C/O Refi N N 0
33986969 6 C/O Refi N Y 60
33955451 6 Purchase N Y 60
34163220 6 C/O Refi N N 0
33721796 6 C/O Refi N N 0
33354267 6 C/O Refi N Y 60
33864653 6 C/O Refi N N 0
33891235 6 Purchase N Y 60
34089664 6 Purchase N Y 60
33987710 6 Purchase N N 0
4000139312 6 Purchase N Y 60
33991589 6 Purchase N N 0
33451386 6 R/T Refi N N 0
34109835 6 C/O Refi N Y 60
34246991 6 Purchase N N 0
33373093 6 Purchase N N 0
33721275 6 Purchase N N 0
34008854 6 C/O Refi N N 0
34054841 6 Purchase N Y 60
34115899 6 C/O Refi N N 0
33921602 6 Purchase N Y 60
34117390 6 Purchase N Y 60
33841685 6 Purchase N Y 60
33889973 6 Purchase N N 0
33473745 6 Purchase N Y 60
33172396 6 Purchase N N 0
33972936 6 Purchase N Y 60
33840570 6 Purchase N Y 60
34091066 6 C/O Refi N N 0
34128116 6 Purchase N Y 60
33902164 6 Purchase N Y 60
34102418 6 Purchase N Y 60
4000142551 6 Purchase N Y 60
33476623 6 Purchase N Y 60
33971771 6 C/O Refi N N 0
33120684 6 C/O Refi N N 0
33711599 6 C/O Refi N N 0
33989047 6 C/O Refi N Y 60
34222067 6 C/O Refi N Y 60
34089896 6 Purchase N Y 60
34202457 6 Purchase N Y 60
33172297 6 C/O Refi N N 0
33827940 6 Purchase N Y 60
33955873 6 C/O Refi N N 0
33706987 6 C/O Refi N N 0
33519653 6 Purchase N Y 60
33581406 6 Purchase N Y 60
33627142 6 C/O Refi N N 0
4000125550 6 Purchase N Y 60
32917155 6 Purchase N Y 60
34182980 6 Purchase N Y 60
33234865 6 C/O Refi N N 0
33987744 6 Purchase N Y 60
33887027 6 C/O Refi N N 0
33009010 6 C/O Refi N N 0
34082156 6 C/O Refi N N 0
33524687 6 R/T Refi N N 0
33720947 6 C/O Refi N N 0
D-1-10
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33963455 FT COLLINS 80525 CO PUD Owner Occupied 12/25/1900 4/29/2004
33926247 STRUTHERS 44471 OH Single Family Owner Occupied 12/25/1900 4/29/2004
33921743 JACKSONVILLE 32225 FL PUD Owner Occupied 12/25/1900 4/29/2004
33238999 LAS VEGAS 89121 NV Single Family Owner Occupied 12/25/1900 4/19/2004
34191510 CENTERVILLE 37033 TN Single Family Owner Occupied 12/25/1900 4/29/2004
33866914 FLORISSANT 63033 MO Single Family Owner Occupied 12/25/1900 4/26/2004
34188334 JACKSONVILLE 32218 FL Single Family Owner Occupied 12/25/1900 4/23/2004
33885773 FELTON 17322 PA Single Family Owner Occupied 12/25/1900 4/27/2004
34188193 SNELLVILLE 30039 GA PUD Owner Occupied 12/25/1900 4/29/2004
33080516 PITTSBURG 94565 CA PUD Owner Occupied 12/25/1900 4/16/2004
33714098 ELMHURST 60126 IL Single Family Owner Occupied 12/25/1900 4/21/2004
34121293 WHITTIER 90601 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33904442 SEMMES 36575 AL Single Family Owner Occupied 12/25/1900 4/29/2004
33237140 NORTH LAS VEGAS 89084 NV PUD Owner Occupied 12/25/1900 4/26/2004
34183301 ATLANTA 30318 GA Single Family Non-Owner Occupied 12/25/1900 4/21/2004
33948308 PHOENIX 85032 AZ Single Family Owner Occupied 12/25/1900 4/16/2004
33972514 AURORA 80013 CO Single Family Owner Occupied 12/25/1900 4/28/2004
33100884 NORTH BROOKFIELD 1535 MA Single Family Owner Occupied 12/25/1900 4/22/2004
34242008 MELBOURNE 32935 FL Single Family Owner Occupied 12/25/1900 4/28/2004
32488488 RIVERSIDE 92505 CA Condo Owner Occupied 12/25/1900 4/22/2004
33372707 HAMBURG 48169 MI Single Family Owner Occupied 12/25/1900 4/22/2004
34082586 SANTEE 92071 CA Single Family Owner Occupied 12/25/1900 4/26/2004
4000142609 STOCKTON 95207 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33955717 SANTEE 92071 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33497421 POLLOCK PINES 95726 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33239617 LAS VEGAS 89123 NV PUD Owner Occupied 12/25/1900 4/19/2004
33865007 MILWAUKEE 53223 WI Single Family Owner Occupied 12/25/1900 4/30/2004
33475799 BAKERSFIELD 93312 CA Single Family Owner Occupied 12/25/1900 4/14/2004
33848425 MESQUITE 89027 NV Single Family Owner Occupied 12/25/1900 4/20/2004
34009290 HOUSTON 77072 TX PUD Owner Occupied 12/25/1900 4/30/2004
34091801 POMONA 91766 CA Condo Owner Occupied 12/25/1900 4/21/2004
33237058 NORTH LAS VEGAS 89031 NV PUD Owner Occupied 12/25/1900 4/16/2004
33355728 WINSTON-SALEM 27107 NC Single Family Owner Occupied 12/25/1900 4/22/2004
33954843 PALM DESERT 92260 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33866203 SAPULPA 74066 OK Single Family Owner Occupied 12/25/1900 4/15/2004
34128066 MIAMISBURG 45342 OH PUD Owner Occupied 12/25/1900 4/23/2004
33239195 LAS VEGAS 89121 NV Condo Owner Occupied 12/25/1900 4/8/2004
33888082 ALLENTOWN 18102 PA Single Family Owner Occupied 12/25/1900 4/27/2004
34122838 MAINEVILLE 45039 OH Single Family Owner Occupied 12/25/1900 4/28/2004
33955626 RANCHO CUCAMONGA 91701 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33120346 ISANTI 55040 MN Single Family Owner Occupied 12/25/1900 4/22/2004
33910886 CAPE CORAL 33993 FL Single Family Owner Occupied 12/25/1900 4/30/2004
33967373 LAFAYETTE 80026 CO PUD Owner Occupied 12/25/1900 4/19/2004
34127845 FRANKLIN 45005 OH Single Family Owner Occupied 12/25/1900 4/22/2004
33172982 GRAND HAVEN 49417 MI Single Family Owner Occupied 12/25/1900 4/30/2004
4000127645 RIVERBANK 95367 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33625369 YPSILANTI 48198 MI Single Family Owner Occupied 12/25/1900 4/26/2004
33374000 WATERFORD 48329 MI Single Family Owner Occupied 12/25/1900 4/23/2004
34191866 LAWRENCEVILLE 30045 GA Single Family Non-Owner Occupied 12/25/1900 4/27/2004
33771130 EAST GREENBUSH 12061 NY Single Family Owner Occupied 12/25/1900 4/23/2004
33866534 SAINT LOUIS 63133 MO Single Family Owner Occupied 12/25/1900 4/20/2004
33836586 HESPERIA 92345 CA Single Family Owner Occupied 12/25/1900 4/13/2004
34164491 KANSAS CITY 64131 MO Single Family Owner Occupied 12/25/1900 4/28/2004
34148098 BEAVERTON 97008 OR Single Family Owner Occupied 12/25/1900 4/22/2004
34062638 HENDERSON 89074 NV PUD Owner Occupied 12/25/1900 4/29/2004
31142227 INDIANAPOLIS 46201 IN Single Family Owner Occupied 12/25/1900 4/29/2004
33845728 TAYLORSVILLE 84123 UT Condo Owner Occupied 12/25/1900 4/29/2004
33009275 WABASH 46992 IN Single Family Owner Occupied 12/25/1900 4/26/2004
33914631 ALBERTVILLE 35950 AL Single Family Owner Occupied 12/25/1900 4/20/2004
34114280 TOLLESON 85353 AZ Single Family Second Home 12/25/1900 4/19/2004
34186569 TUNNEL HILL 30755 GA Single Family Owner Occupied 12/25/1900 4/19/2004
33956632 BAKERSFIELD 93312 CA Single Family Owner Occupied 12/25/1900 4/26/2004
34202689 ST. PAUL 55101 MN Single Family Owner Occupied 12/25/1900 4/21/2004
33890443 BOWIE 20716 MD Single Family Owner Occupied 12/25/1900 4/30/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33963455 6/1/2004 5/1/2034 358 137400 137400 5.375 615.44 7/1/2004 80 0-29
33926247 6/1/2004 5/1/2034 359 42450 42398.38 8.5 326.41 6/1/2004 89.93644068 0-29
33921743 6/1/2004 5/1/2034 359 150400 150400 5.75 720.67 6/1/2004 80 0-29
33238999 6/1/2004 5/1/2034 359 157500 157500 7.125 935.16 6/1/2004 90 0-29
34191510 6/1/2004 5/1/2034 358 56000 56000 6 280.00 7/1/2004 80 0-29
33866914 6/1/2004 5/1/2034 359 195700 195378.23 7 1,302.00 6/1/2004 95 0-29
34188334 6/1/2004 5/1/2034 359 104500 104453.13 7.5 653.13 6/1/2004 95 0-29
33885773 6/1/2004 5/1/2034 359 147450 147430.45 5.375 660.45 6/1/2004 79.97505017 0-29
34188193 6/1/2004 5/1/2034 359 146900 146711.99 8.25 1,103.62 6/1/2004 100 0-29
33080516 6/1/2004 5/1/2034 359 236000 236000 5.625 1,106.25 6/1/2004 80 0-29
33714098 6/1/2004 5/1/2034 359 260950 260561.45 7.5 1,824.61 6/1/2004 85 0-29
34121293 6/1/2004 5/1/2034 359 247200 247200 5.625 1,158.75 6/1/2004 80 0-29
33904442 6/1/2004 5/1/2034 359 47850 47794.74 8.75 376.44 6/1/2004 89.98589563 0-29
33237140 6/1/2004 5/1/2034 359 174650 174650 6.75 982.41 6/1/2004 89.56410256 0-29
34183301 6/1/2004 5/1/2034 359 144000 144000 7.125 855.00 6/1/2004 90 0-29
33948308 6/1/2004 5/1/2034 359 160000 159680.02 5.99 958.26 6/1/2004 80 0-29
33972514 6/1/2004 5/1/2034 359 139200 139200 6.25 725.00 6/1/2004 80 0-29
33100884 6/1/2004 5/1/2034 359 132000 131813.06 7.75 945.67 6/1/2004 80 0-29
34242008 6/1/2004 5/1/2034 359 60050 59943.74 6.625 384.51 6/1/2004 74.59627329 0-29
32488488 6/1/2004 5/1/2034 359 254200 254200 5.5 1,165.08 6/1/2004 79.98741347 0-29
33372707 6/1/2004 5/1/2034 359 160000 160000 5.99 798.67 6/1/2004 80 0-29
34082586 6/1/2004 5/1/2034 360 329600 329600 7.25 1,991.33 6/1/2004 80 0-29
4000142609 6/1/2004 5/1/2034 359 210000 210000 6.125 1,071.88 6/1/2004 80 0-29
33955717 6/1/2004 5/1/2034 359 267750 267750 7.375 1,645.55 6/1/2004 79.92537313 0-29
33497421 6/1/2004 5/1/2034 358 180000 180000 4.875 731.25 7/1/2004 90 0-29
33239617 6/1/2004 5/1/2034 359 168800 168800 6.75 949.50 6/1/2004 80 0-29
33865007 6/1/2004 5/1/2034 359 183200 183200 5.25 801.50 6/1/2004 80 0-29
33475799 6/1/2004 5/1/2034 359 304000 303487.73 6.875 1,997.07 6/1/2004 95 0-29
33848425 6/1/2004 5/1/2034 359 134100 133900.33 7.5 937.65 6/1/2004 90 0-29
34009290 6/1/2004 5/1/2034 358 105900 105760.97 8.125 786.31 7/1/2004 100 0-29
34091801 6/1/2004 5/1/2034 359 129000 128723.53 5.625 742.60 6/1/2004 72.67605634 0-29
33237058 6/1/2004 5/1/2034 359 203150 203150 7.125 1,206.20 6/1/2004 85 0-29
33355728 6/1/2004 5/1/2034 359 95000 94865.1 5.875 465.10 6/1/2004 79.83193277 0-29
33954843 6/1/2004 5/1/2034 359 322200 321586.95 6.25 1,983.85 6/1/2004 90 0-29
33866203 6/1/2004 5/1/2034 360 56850 56777.24 8.25 427.10 6/1/2004 84.94583489 0-29
34128066 6/1/2004 5/1/2034 358 123000 123000 6.875 704.69 7/1/2004 74.54545455 0-29
33239195 6/1/2004 5/1/2034 359 76000 75862.2 6.5 480.38 6/1/2004 95 0-29
33888082 6/1/2004 5/1/2034 359 47300 47231.3 7.625 334.79 6/1/2004 99.91550486 0-29
34122838 7/1/2004 6/1/2034 360 160000 159875.18 7.25 1,091.49 7/1/2004 88.88888889 0-29
33955626 6/1/2004 5/1/2034 358 259000 259000 7.99 1,724.51 7/1/2004 75.07246377 0-29
33120346 6/1/2004 5/1/2034 358 115600 115599.8 5.375 517.79 7/1/2004 79.72413793 0-29
33910886 6/1/2004 5/1/2034 358 153900 153712.86 8.5 1,183.36 7/1/2004 90 0-29
33967373 6/1/2004 5/1/2034 359 258300 258300 7.75 1,668.19 6/1/2004 90 0-29
34127845 6/1/2004 5/1/2034 359 79200 79063.24 6.75 513.69 6/1/2004 80 0-29
33172982 6/1/2004 5/1/2034 358 145350 145133.58 7.5 1,016.31 7/1/2004 95 0-29
4000127645 6/1/2004 5/1/2034 359 176000 176000 5.999 879.85 6/1/2004 80 0-29
33625369 6/1/2004 5/1/2034 359 104500 104500 7.375 642.24 6/1/2004 95 0-29
33374000 6/1/2004 5/1/2034 359 148500 148267.6 7.25 1,013.04 6/1/2004 90 0-29
34191866 6/1/2004 5/1/2034 358 117000 117000 7.625 743.44 7/1/2004 90 0-29
33771130 6/1/2004 5/1/2034 359 89750 89656.56 9.25 738.36 6/1/2004 84.82986767 0-29
33866534 6/1/2004 5/1/2034 359 60350 60253.18 7.25 411.70 6/1/2004 85 0-29
33836586 6/1/2004 5/1/2034 358 164000 164000 5.375 734.58 7/1/2004 80 0-29
34164491 6/1/2004 5/1/2034 359 53900 53821.71 7.625 381.51 6/1/2004 89.98330551 0-29
34148098 6/1/2004 5/1/2034 359 180000 180000 6.125 918.75 6/1/2004 80 0-29
34062638 6/1/2004 5/1/2034 358 206300 205926.22 5.25 902.56 7/1/2004 79.99224506 0-29
31142227 6/1/2004 5/1/2034 359 52250 52161.95 6.875 343.25 6/1/2004 95 0-29
33845728 6/1/2004 5/1/2034 359 90300 90300 6.125 460.91 6/1/2004 79.98228521 0-29
33009275 6/1/2004 5/1/2034 359 104000 103866.9 8.25 781.32 6/1/2004 80 0-29
33914631 6/1/2004 5/1/2034 359 64050 63976.01 8.75 503.89 6/1/2004 84.9469496 0-29
34114280 6/1/2004 5/1/2034 359 127650 127418.57 6.5 806.84 6/1/2004 94.97767857 0-29
34186569 6/1/2004 5/1/2034 359 105830 105628.63 6.25 651.62 6/1/2004 95 0-29
33956632 6/1/2004 5/1/2034 358 207400 206934.14 5.375 1,161.39 7/1/2004 85 0-29
34202689 6/1/2004 5/1/2034 358 139500 139500 8 930.00 7/1/2004 90 0-29
33890443 6/1/2004 5/1/2034 359 265000 265000 7.5 1,656.25 6/1/2004 100 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
33963455 6ML 3.625 3 5.375 11.375 36 6 mo.s interest less 20% obal 5/1/2007 6
33926247 6ML 7.25 3 8.5 14.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33921743 6ML 4.375 3 5.75 11.75 36 6 mo.s interest less 20% obal 5/1/2007 6
33238999 6ML 5.5 3 7.125 13.125 24 6 mo.s interest less 20% obal 5/1/2006 6
34191510 6ML 4.375 3 6 12 24 6 mo.s interest less 20% obal 5/1/2006 6
33866914 6ML 6.375 3 7 13 24 2% prepaid 5/1/2006 6
34188334 6ML 6 3 7.5 13.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33885773 6ML 4 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2006 6
34188193 6ML 6.375 3 8.25 14.25 0 None 5/1/2006 6
33080516 6ML 4.25 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33714098 6ML 4.375 3 7.5 13.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34121293 6ML 3.75 3 5.625 11.625 36 6 mo.s interest less 20% obal 5/1/2009 6
33904442 6ML 7.5 3 8.75 14.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33237140 6ML 6 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34183301 6ML 5.25 3 7.125 13.125 0 None 5/1/2007 6
33948308 6ML 4.25 3 5.99 11.99 36 6 mo.s interest less 20% obal 5/1/2009 6
33972514 6ML 4.5 3 6.25 12.25 36 6 mo.s interest less 20% obal 5/1/2009 6
33100884 6ML 6.125 3 7.75 13.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34242008 6ML 3.875 3 6.625 12.625 24 6 mo.s interest less 20% obal 5/1/2006 6
32488488 6ML 3.875 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33372707 6ML 4.75 3 5.99 11.99 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34082586 6ML 5 3 7.25 13.25 24 6 mo.s interest less 20% obal 5/1/2006 6
4000142609 6ML 4.5 3 6.125 12.125 36 6 mo.s interest less 20% obal 5/1/2009 6
33955717 6ML 5.75 3 7.375 13.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33497421 6ML 4.875 3 4.875 10.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33239617 6ML 5.125 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2009 6
33865007 6ML 4.375 3 5.25 11.25 36 6 mo.s interest less 20% obal 5/1/2006 6
33475799 6ML 6.125 3 6.875 12.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33848425 6ML 4.875 3 7.5 13.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34009290 6ML 5.875 3 8.125 14.125 24 6 mo.s interest less 20% obal 5/1/2006 6
34091801 6ML 4 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33237058 6ML 6.125 3 7.125 13.125 24 6 mo.s interest less 20% obal 5/1/2006 6
33355728 6ML 4.25 3 5.875 11.875 0 None 5/1/2006 6
33954843 6ML 5.5 3 6.25 12.25 36 6 mo.s interest less 20% obal 5/1/2009 6
33866203 6ML 6.875 3 8.25 14.25 24 6 mo.s interest less 20% obal 5/1/2006 6
34128066 6ML 4.75 3 6.875 12.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33239195 6ML 5.5 3 6.5 12.5 36 6 mo.s interest less 20% obal 5/1/2007 6
33888082 6ML 5.125 3 7.625 13.625 24 6 mo.s interest less 20% obal 5/1/2006 6
34122838 6ML 6 3 7.25 13.25 24 3%/2%/1%-1st yr/2nd yr/3rd yr 6/1/2006 6
33955626 6ML 5.875 3 7.99 13.99 24 6 mo.s interest less 20% obal 5/1/2006 6
33120346 6ML 3.875 3 5.375 11.375 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33910886 6ML 7.5 3 8.5 14.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33967373 6ML 6.25 3 7.75 13.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34127845 6ML 5.375 3 6.75 12.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33172982 6ML 6.5 3 7.5 13.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
4000127645 6ML 4.625 3 5.999 11.999 36 6 mo.s interest less 20% obal 5/1/2009 6
33625369 6ML 6.625 3 7.375 13.375 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33374000 6ML 6.375 3 7.25 13.25 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34191866 6ML 5.25 3 7.625 13.625 0 None 5/1/2009 6
33771130 6ML 5.875 3 9.25 15.25 0 None 5/1/2007 6
33866534 6ML 5.875 3 7.25 13.25 24 2% prepaid 5/1/2006 6
33836586 6ML 4 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2006 6
34164491 6ML 6.75 3 7.625 13.625 36 2% prepaid 5/1/2006 6
34148098 6ML 4.25 3 6.125 12.125 24 6 mo.s interest less 20% obal 5/1/2009 6
34062638 6ML 3.5 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2009 6
31142227 6ML 5.875 3 6.875 12.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33845728 6ML 4.375 3 6.125 12.125 24 6 mo.s interest less 20% obal 5/1/2006 6
33009275 6ML 6.375 3 8.25 14.25 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33914631 6ML 7.375 3 8.75 14.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34114280 6ML 5.375 3 6.5 12.5 36 6 mo.s interest less 20% obal 5/1/2007 6
34186569 6ML 5.25 3 6.25 12.25 0 None 5/1/2006 6
33956632 6ML 4.375 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2006 6
34202689 6ML 6.625 3 8 14 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33890443 6ML 6.125 3 7.5 13.5 12 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33963455 6 Purchase N Y 60
33926247 6 Purchase N N 0
33921743 6 Purchase N Y 60
33238999 6 C/O Refi N Y 60
34191510 6 Purchase N Y 60
33866914 6 C/O Refi N N 0
34188334 6 C/O Refi N Y 60
33885773 6 Purchase N Y 60
34188193 6 Purchase N N 0
33080516 6 C/O Refi N Y 60
33714098 6 C/O Refi N N 0
34121293 6 Purchase N Y 60
33904442 6 Purchase N N 0
33237140 6 Purchase N Y 60
34183301 6 Purchase N Y 60
33948308 6 C/O Refi N N 0
33972514 6 Purchase N Y 60
33100884 6 C/O Refi N N 0
34242008 6 Purchase N N 0
32488488 6 Purchase N Y 60
33372707 6 Purchase N Y 60
34082586 6 C/O Refi N Y 60
4000142609 6 Purchase N Y 60
33955717 6 C/O Refi N Y 60
33497421 6 Purchase N Y 60
33239617 6 Purchase N Y 60
33865007 6 Purchase N Y 60
33475799 6 Purchase N N 0
33848425 6 Purchase N N 0
34009290 6 Purchase N N 0
34091801 6 C/O Refi N N 0
33237058 6 Purchase N Y 60
33355728 6 Purchase N Y 60
33954843 6 C/O Refi N N 0
33866203 6 R/T Refi N N 0
34128066 6 C/O Refi N Y 60
33239195 6 Purchase N N 0
33888082 6 Purchase N N 0
34122838 6 C/O Refi N N 0
33955626 6 C/O Refi N Y 60
33120346 6 C/O Refi N Y 60
33910886 6 Purchase N N 0
33967373 6 C/O Refi N Y 60
34127845 6 Purchase N N 0
33172982 6 Purchase N N 0
4000127645 6 Purchase N Y 60
33625369 6 Purchase N Y 60
33374000 6 C/O Refi N N 0
34191866 6 Purchase N Y 60
33771130 6 Purchase N N 0
33866534 6 C/O Refi N N 0
33836586 6 Purchase N Y 60
34164491 6 Purchase N N 0
34148098 6 Purchase N Y 60
34062638 6 Purchase N Y 60
31142227 6 Purchase N N 0
33845728 6 Purchase N Y 60
33009275 6 C/O Refi N N 0
33914631 6 R/T Refi N N 0
34114280 6 Purchase N N 0
34186569 6 C/O Refi N N 0
33956632 6 C/O Refi N N 0
34202689 6 C/O Refi N Y 60
33890443 6 Purchase N Y 60
D-1-11
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33909862 RIDGE MANOR 33523 FL Single Family Owner Occupied 12/25/1900 4/30/2004
33989286 LOXAHATCHEE 33470 FL Single Family Owner Occupied 12/25/1900 4/22/2004
34205542 SOMERSET 55025 WI Single Family Owner Occupied 12/25/1900 4/29/2004
34026997 SPRINGFIELD 1118 MA Single Family Owner Occupied 12/25/1900 4/26/2004
33456336 READING 19606 PA Single Family Owner Occupied 12/25/1900 4/30/2004
33960865 LAKE ELSINORE 92530 CA Single Family Owner Occupied 12/25/1900 4/27/2004
34192401 LOCUST GROVE 30248 GA Single Family Owner Occupied 12/25/1900 4/30/2004
33948522 MURRIETA 92562 CA Single Family Non-Owner Occupied 12/25/1900 4/13/2004
34153122 HILLSBORO 97124 OR Single Family Owner Occupied 12/25/1900 4/27/2004
4000138509 GUSTINE 95322 CA Single Family Owner Occupied 12/25/1900 4/14/2004
32680878 MADRID 50156 IA Single Family Owner Occupied 12/25/1900 4/22/2004
4000122141 YARMOUTH PORT 2675 MA Single Family Owner Occupied 12/25/1900 4/30/2004
33838475 HESPERIA 92345 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33007402 INDIANAPOLIS 46202 IN Condo Owner Occupied 12/25/1900 4/21/2004
33993999 RIVERVIEW 33569 FL PUD Owner Occupied 12/25/1900 4/30/2004
33432311 PLANO 75025 TX Single Family Owner Occupied 12/25/1900 4/23/2004
4000142789 MODESTO 95355 CA Single Family Owner Occupied 12/25/1900 4/23/2004
34090845 HACIENDA HEIGHTS 91745 CA Single Family Owner Occupied 12/25/1900 4/16/2004
4000141678 ANTELOPE 95843 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33769720 SPRING VALLEY 10977 NY Single Family Owner Occupied 12/25/1900 4/21/2004
34188169 LILBURN 30047 GA Single Family Owner Occupied 12/25/1900 4/29/2004
33970260 DENVER 80239 CO PUD Owner Occupied 12/25/1900 4/23/2004
34083048 PALMDALE 93550 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33331935 CHINO 91710 CA PUD Owner Occupied 12/25/1900 4/23/2004
33745761 GRAHAM 98338 WA PUD Owner Occupied 12/25/1900 4/9/2004
34051771 HOUSTON 77024 TX PUD Owner Occupied 12/25/1900 4/26/2004
34121244 CARSON 90746 CA Single Family Owner Occupied 12/25/1900 4/23/2004
34164483 KANSAS CITY 64130 MO Single Family Owner Occupied 12/25/1900 4/23/2004
34182782 EAST POINT 30344 GA Single Family Owner Occupied 12/25/1900 4/21/2004
34195099 WOODSTOCK 30189 GA PUD Owner Occupied 12/25/1900 4/30/2004
34188920 JACKSON 38305 TN Single Family Owner Occupied 12/25/1900 4/30/2004
33625393 DETROIT 48224 MI Single Family Owner Occupied 12/25/1900 4/23/2004
34114348 COMPTON 90222 CA Single Family Non-Owner Occupied 12/25/1900 4/15/2004
33565326 OREGON CITY 97045 OR Single Family Owner Occupied 12/25/1900 4/25/2004
33735309 LONG BEACH 90805 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33768359 HUNTINGTON STATION 11746 NY Single Family Owner Occupied 12/25/1900 4/22/2004
33750290 TACOMA 98443 WA Single Family Owner Occupied 12/25/1900 4/27/2004
34086504 VALENCIA 91355 CA Condo Owner Occupied 12/25/1900 4/13/2004
34091702 PASADENA 91106 CA Condo Owner Occupied 12/25/1900 4/22/2004
33929035 SHAKER HTS 44122 OH Multi Family - 2 Units Owner Occupied 12/25/1900 4/29/2004
33916511 HUDSON 34669 FL Single Family Owner Occupied 12/25/1900 4/19/2004
33172586 ROMULUS 48174 MI Single Family Owner Occupied 12/25/1900 4/21/2004
33354390 ANGIER 27501 NC PUD Owner Occupied 12/25/1900 4/22/2004
33372129 DETROIT 48224 MI Single Family Owner Occupied 12/25/1900 4/21/2004
33475518 PALMDALE 93551 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33866567 SAINT LOUIS 63120 MO Single Family Owner Occupied 12/25/1900 4/16/2004
33889692 LEXINGTON PARK 20653 MD Single Family Owner Occupied 12/25/1900 4/23/2004
33927146 BARBERTON 44203 OH Single Family Owner Occupied 12/25/1900 4/30/2004
33947649 MURRIETA 92563 CA Single Family Owner Occupied 12/25/1900 4/8/2004
33962663 AURORA 80011 CO Single Family Owner Occupied 12/25/1900 4/23/2004
34182238 SAVANNAH 31415 GA Multi Family - 2 Units Owner Occupied 12/25/1900 4/27/2004
34282160 ANZA 92589 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33791567 PACHECO 94553 CA Single Family Owner Occupied 12/25/1900 4/9/2004
33575028 SALEM 97301 OR Single Family Owner Occupied 12/25/1900 4/23/2004
32680928 ALGONA 50511 IA Single Family Owner Occupied 12/25/1900 4/22/2004
33355090 CHARLOTTE 28214 NC Single Family Owner Occupied 12/25/1900 4/23/2004
33373689 YPSILANTI 48198 MI Single Family Owner Occupied 12/25/1900 4/28/2004
33581455 WASHOUGAL 98671 WA Single Family Owner Occupied 12/25/1900 4/8/2004
33791062 SACRAMENTO 95864 CA Single Family Second Home 12/25/1900 4/21/2004
33843269 BOISE 83709 ID Single Family Owner Occupied 12/25/1900 4/7/2004
33886235 WOODBRIDGE 22193 VA PUD Owner Occupied 12/25/1900 4/22/2004
33927534 MAPLE HTS 44137 OH Single Family Owner Occupied 12/25/1900 4/16/2004
4000141364 ANTELOPE 95843 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33929928 STOW 44224 OH Single Family Owner Occupied 12/25/1900 4/30/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33909862 6/1/2004 5/1/2034 358 106400 106399.17 5 443.33 7/1/2004 79.40298507 0-29
33989286 6/1/2004 5/1/2034 359 301750 301750 7.875 1,980.23 6/1/2004 99.98674575 0-29
34205542 6/1/2004 5/1/2034 358 130000 130000 5.25 568.75 7/1/2004 80 0-29
34026997 6/1/2004 5/1/2034 359 147900 147900 6.625 816.53 6/1/2004 85 0-29
33456336 6/1/2004 5/1/2034 359 239200 239175 7 1,395.33 6/1/2004 89.97013533 0-29
33960865 6/1/2004 5/1/2034 359 309000 309000 6.5 1,673.75 6/1/2004 100 0-29
34192401 6/1/2004 5/1/2034 359 137385 137385 7.75 887.28 6/1/2004 90 0-29
33948522 6/1/2004 5/1/2034 359 278900 278900 7.125 1,655.97 6/1/2004 89.99677315 0-29
34153122 6/1/2004 5/1/2034 359 181600 181558 6 908.00 6/1/2004 80 0-29
4000138509 6/1/2004 5/1/2034 359 232300 232300 4.625 895.32 6/1/2004 79.98374846 0-29
32680878 6/1/2004 5/1/2034 359 38000 38000 5.125 162.29 6/1/2004 79.16666667 0-29
4000122141 6/1/2004 5/1/2034 358 262000 262000 6.125 1,337.29 7/1/2004 80 0-29
33838475 6/1/2004 5/1/2034 359 165000 164754.31 7.5 1,153.71 6/1/2004 100 0-29
33007402 6/1/2004 5/1/2034 359 89250 89123.61 7.75 639.40 6/1/2004 85 0-29
33993999 6/1/2004 5/1/2034 358 143100 142840.57 6.5 904.49 7/1/2004 90 0-29
33432311 6/1/2004 5/1/2034 359 276000 275999 5.99 1,377.70 6/1/2004 80 0-29
4000142789 6/1/2004 5/1/2034 359 203200 203150 4.25 719.67 6/1/2004 80 0-29
34090845 6/1/2004 5/1/2034 358 270000 269448.08 5.875 1,597.16 7/1/2004 62.79069767 0-29
4000141678 6/1/2004 5/1/2034 359 232000 232000 5.5 1,063.33 6/1/2004 80 0-29
33769720 6/1/2004 5/1/2034 359 210000 209637.36 6.75 1,362.06 6/1/2004 60 0-29
34188169 6/1/2004 5/1/2034 359 151920 151920 5.25 664.65 6/1/2004 80 0-29
33970260 6/1/2004 5/1/2034 359 211500 211500 6.875 1,211.72 6/1/2004 90 0-29
34083048 6/1/2004 5/1/2034 358 96000 96000 5.75 460.00 7/1/2004 80 0-29
33331935 6/1/2004 5/1/2034 359 153000 152799.14 8.125 1,136.03 6/1/2004 85 0-29
33745761 6/1/2004 5/1/2034 359 144100 144042 6.125 735.51 6/1/2004 79.9986765 0-29
34051771 6/1/2004 5/1/2034 359 188600 188123.33 5.375 1,056.11 6/1/2004 57.15151515 0-29
34121244 6/1/2004 5/1/2034 358 256400 256397.66 6.5 1,388.83 7/1/2004 64.1 0-29
34164483 6/1/2004 5/1/2034 359 55100 55000.11 6.5 348.27 6/1/2004 95 0-29
34182782 6/1/2004 5/1/2034 359 128250 128250 7.375 788.20 6/1/2004 95 0-29
34195099 6/1/2004 5/1/2034 359 133200 133200 5.5 610.50 6/1/2004 80 0-29
34188920 6/1/2004 5/1/2034 359 104834 104673.95 7.375 724.07 6/1/2004 100 0-29
33625393 6/1/2004 5/1/2034 359 80000 79865.18 6.875 525.55 6/1/2004 80 0-29
34114348 6/1/2004 5/1/2034 358 180000 180000 7.375 1,106.25 7/1/2004 90 0-29
33565326 6/1/2004 5/1/2034 359 193600 193600 6.625 1,068.83 6/1/2004 80 0-29
33735309 6/1/2004 5/1/2034 359 174250 173956.38 6.875 1,144.70 6/1/2004 85 0-29
33768359 6/1/2004 5/1/2034 358 245000 244973.46 6.5 1,327.08 7/1/2004 63.63636364 0-29
33750290 6/1/2004 5/1/2034 359 220800 220800 5.375 989.00 6/1/2004 80 0-29
34086504 6/1/2004 5/1/2034 359 239600 239600 5.5 1,098.17 6/1/2004 80 0-29
34091702 6/1/2004 5/1/2034 359 320800 320800 5.375 1,436.92 6/1/2004 80 0-29
33929035 6/1/2004 5/1/2034 358 157400 157400 6.625 868.98 7/1/2004 100 0-29
33916511 6/1/2004 5/1/2034 359 148750 148480.31 6.5 940.21 6/1/2004 85 0-29
33172586 6/1/2004 5/1/2034 359 114000 113830.25 7.5 797.11 6/1/2004 95 0-29
33354390 6/1/2004 5/1/2034 358 105000 105000 7.375 645.31 7/1/2004 92.92035398 0-29
33372129 6/1/2004 5/1/2034 359 115600 115436.28 7.75 828.18 6/1/2004 85 0-29
33475518 6/1/2004 5/1/2034 359 288000 287990 5.875 1,410.00 6/1/2004 80 0-29
33866567 6/1/2004 5/1/2034 359 55250 55175.6 8 405.41 6/1/2004 85 0-29
33889692 6/1/2004 5/1/2034 359 172000 172000 6.375 913.75 6/1/2004 80 0-29
33927146 6/1/2004 5/1/2034 359 104000 103833.17 7.125 700.67 6/1/2004 83.87096774 0-29
33947649 6/1/2004 5/1/2034 359 109000 108825.14 7.125 734.36 6/1/2004 43.6 0-29
33962663 6/1/2004 5/1/2034 359 159200 159200 6 796.00 6/1/2004 80 0-29
34182238 6/1/2004 5/1/2034 359 80000 79907.59 8.75 629.37 6/1/2004 100 0-29
34282160 6/1/2004 5/1/2034 359 229500 229500 7.5 1,434.38 6/1/2004 85 0-29
33791567 6/1/2004 5/1/2034 358 324000 324000 5.625 1,518.75 7/1/2004 80 0-29
33575028 6/1/2004 5/1/2034 359 112000 111999.33 6.25 583.33 6/1/2004 80 0-29
32680928 6/1/2004 5/1/2034 359 38400 38352.09 8.375 291.87 6/1/2004 80 0-29
33355090 6/1/2004 5/1/2034 359 80700 80700 6.125 411.91 6/1/2004 79.98017839 0-29
33373689 6/1/2004 5/1/2034 359 121500 121500 6.625 670.78 6/1/2004 90 0-29
33581455 6/1/2004 5/1/2034 359 144000 143975 5.625 675.00 6/1/2004 80 0-29
33791062 6/1/2004 5/1/2034 358 279000 279000 6.625 1,540.31 7/1/2004 90 0-29
33843269 6/1/2004 5/1/2034 359 105300 105157.91 7.99 771.93 6/1/2004 90 0-29
33886235 6/1/2004 5/1/2034 359 270000 269999.99 5.875 1,321.88 6/1/2004 90 0-29
33927534 6/1/2004 5/1/2034 359 79200 79087.84 7.75 567.40 6/1/2004 90 0-29
0000000000 6/1/2004 5/1/2034 358 199200 199200 4.75 788.50 7/1/2004 80 0-29
33929928 6/1/2004 5/1/2034 359 106350 106183.56 7.25 725.50 6/1/2004 99.98871778 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33909862 6ML 3.875 3 5 11 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33989286 6ML 6.125 3 7.875 13.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34205542 6ML 4 3 5.25 11.25 36 6 mo.s interest less 20% xxxx 5/1/2006 6
34026997 6ML 5.25 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33456336 6ML 6 3 7 13 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33960865 6ML 5.5 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34192401 6ML 6.5 3 7.75 13.75 0 None 5/1/2006 6
33948522 6ML 4.875 3 7.125 13.125 0 None 5/1/2006 6
34153122 6ML 4.625 3 6 12 36 6 mo.s interest less 20% xxxx 5/1/2007 6
4000138509 6ML 3.75 3 4.625 10.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
32680878 6ML 3.375 3 5.125 11.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
0000000000 6ML 4.75 3 6.125 12.125 36 6 mo.s interest less 20% xxxx 5/1/2009 6
33838475 6ML 5.25 3 7.5 13.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33007402 6ML 6.375 3 7.75 13.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33993999 6ML 5.125 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2009 6
33432311 6ML 4.75 3 5.99 11.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000142789 6ML 3.625 3 4.25 10.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34090845 6ML 4.375 3 5.875 11.875 36 6 mo.s interest less 20% xxxx 5/1/2007 6
0000000000 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33769720 6ML 5 3 6.75 12.75 0 None 5/1/2006 6
34188169 6ML 3.875 3 5.25 11.25 0 None 5/1/2006 6
33970260 6ML 6 3 6.875 12.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34083048 6ML 3.875 3 5.75 11.75 36 6 mo.s interest less 20% xxxx 5/1/2007 6
33331935 6ML 6.625 3 8.125 14.125 12 6 mo.s interest less 20% xxxx 5/1/2006 6
33745761 6ML 3.875 3 6.125 12.125 0 None 5/1/2006 6
34051771 6ML 3.25 3 5.375 11.375 0 None 5/1/2009 6
34121244 6ML 4.625 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34164483 6ML 5.375 3 6.5 12.5 24 2% prepaid 5/1/2006 6
34182782 6ML 5.875 3 7.375 13.375 0 None 5/1/2007 6
34195099 6ML 4.375 1 5.5 11.5 0 None 11/1/2004 6
34188920 6ML 5.75 3 7.375 13.375 0 None 5/1/2006 6
33625393 6ML 5.25 3 6.875 12.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34114348 6ML 5.75 3 7.375 13.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33565326 6ML 5.125 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33735309 6ML 6.125 3 6.875 12.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33768359 6ML 4.625 3 6.5 12.5 0 None 5/1/2007 6
33750290 6ML 3.625 3 5.375 11.375 12 6 mo.s interest less 20% xxxx 5/1/2006 6
34086504 6ML 3.875 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34091702 6ML 4 3 5.375 11.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33929035 6ML 5.25 3 6.625 12.625 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33916511 6ML 5.5 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33172586 6ML 6.375 3 7.5 13.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33354390 6ML 5.5 3 7.375 13.375 0 None 5/1/2009 6
33372129 6ML 6.125 3 7.75 13.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33475518 6ML 4.5 3 5.875 11.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33866567 6ML 6.5 3 8 14 24 2% prepaid 5/1/2006 6
33889692 6ML 5.125 3 6.375 12.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33927146 6ML 5.25 3 7.125 13.125 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33947649 6ML 4.875 3 7.125 13.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33962663 6ML 4.125 3 6 12 24 6 mo.s interest less 20% xxxx 5/1/2009 6
34182238 6ML 6.25 3 8.75 14.75 0 None 5/1/2006 6
34282160 6ML 5.75 3 7.5 13.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33791567 6ML 4.25 3 5.625 11.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33575028 6ML 4.75 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
32680928 6ML 6.625 3 8.375 14.375 12 6 mo.s interest less 20% xxxx 5/1/2006 6
33355090 6ML 4.625 3 6.125 12.125 0 None 5/1/2006 6
33373689 6ML 5.5 3 6.625 12.625 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33581455 6ML 4 3 5.625 11.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33791062 6ML 5.375 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33843269 6ML 6.5 3 7.99 13.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33886235 6ML 5 3 5.875 11.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33927534 6ML 6.875 3 7.75 13.75 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
0000000000 6ML 3.625 3 4.75 10.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33929928 6ML 5.375 3 7.25 13.25 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------------------
33909862 6 Purchase N Y 60
33989286 6 Purchase N Y 60
34205542 6 Purchase N Y 60
34026997 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33960865 6 Purchase N Y 60
34192401 6 Purchase N Y 60
33948522 6 Purchase N Y 60
34153122 6 Purchase N Y 60
4000138509 6 Purchase N Y 60
32680878 6 Purchase N Y 60
0000000000 6 Purchase N Y 60
33838475 6 Purchase N N 0
33007402 6 C/O Refi N N 0
33993999 6 Purchase N N 0
33432311 6 Purchase N Y 60
4000142789 6 Purchase N Y 60
34090845 6 X/X Xxxx X X 0
0000000000 0 Xxxxxxxx X Y 60
33769720 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33970260 6 C/O Refi N Y 60
34083048 6 C/O Refi N Y 60
33331935 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34051771 6 C/O Refi N N 0
34121244 6 C/O Refi N Y 60
34164483 6 R/T Refi N N 0
34182782 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
34188920 6 Purchase N N 0
33625393 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33565326 6 C/O Refi N Y 60
33735309 6 C/O Refi N N 0
33768359 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
34086504 6 Purchase N Y 60
34091702 6 Purchase N Y 60
33929035 6 Purchase N Y 60
33916511 6 C/O Refi N N 0
33172586 6 C/O Refi N N 0
33354390 6 R/T Refi N Y 60
33372129 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33866567 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33927146 6 Purchase N N 0
33947649 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34182238 6 Purchase N N 0
34282160 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33575028 6 Purchase N Y 60
32680928 6 Purchase N N 0
33355090 6 Purchase N Y 60
33373689 6 Purchase N Y 60
33581455 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33843269 6 R/T Refi N N 0
33886235 6 Purchase N Y 60
33927534 6 Purchase 2/28 Dividend Loan N 0
0000000000 6 Purchase N Y 60
33929928 6 Purchase N N 0
D-1-12
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
4000126955 BRONX 10466 NY Multi Family - 2 Units Owner Occupied 12/25/1900 4/23/2004
34149559 BEND 97702 OR Single Family Owner Occupied 12/25/1900 4/20/2004
34028779 WILLIMANTIC 6226 CT Single Family Owner Occupied 12/25/1900 4/30/2004
33120155 CIRCLE PINES 55014 MN Single Family Owner Occupied 12/25/1900 4/26/2004
4000133269 ABINGDON 21009 MD Single Family Owner Occupied 12/25/1900 4/14/2004
33357260 LEXINGTON 29072 SC PUD Owner Occupied 12/25/1900 4/29/2004
34087023 FONTANA 92337 CA Single Family Owner Occupied 12/25/1900 4/14/2004
33719691 XXXXXX XXXX 00000 MO Single Family Owner Occupied 12/25/1900 4/28/2004
33969544 THORNTON 80241 CO Single Family Owner Occupied 12/25/1900 4/22/2004
33767393 LEVITTOWN 11756 NY Single Family Owner Occupied 12/25/1900 4/20/2004
33718404 DES PLAINES 60018 IL Single Family Owner Occupied 12/25/1900 4/30/2004
33960816 SAN DIEGO 92128 CA Condo Owner Occupied 12/25/1900 4/27/2004
34147322 PORTLAND 97266 OR Single Family Owner Occupied 12/25/1900 4/13/2004
34245258 LEHIGH ACRES 33936 FL Condo Owner Occupied 12/25/1900 4/27/2004
33624610 MADISON HTS 48071 MI Single Family Owner Occupied 12/25/1900 4/20/2004
4000136683 WINNETKA 91306 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33886128 NORFOLK 23509 VA Single Family Owner Occupied 12/25/1900 4/23/2004
33818444 FAYETTEVILLE 30215 GA PUD Owner Occupied 12/25/1900 4/19/2004
33120908 XXXX XXXXXXX 00000 MN Condo Owner Occupied 12/25/1900 4/29/2004
33925488 XXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/28/2004
33540220 COLUMBUS 43232 OH Single Family Owner Occupied 12/25/1900 4/26/2004
33910050 XXXXXX 32571 FL Single Family Owner Occupied 12/25/1900 4/26/2004
34163337 CRETE 60417 IL Single Family Owner Occupied 12/25/1900 4/26/2004
34123026 XXXXXXXXX 41011 KY Single Family Owner Occupied 12/25/1900 4/30/2004
34323956 XXXXXX 90746 CA Single Family Owner Occupied 12/25/1900 4/23/2004
34191072 SMYRNA 30082 GA PUD Owner Occupied 12/25/1900 4/30/2004
34117804 CHINO 91710 CA Single Family Owner Occupied 12/25/1900 4/20/2004
34023267 WARWICK 2889 RI Single Family Owner Occupied 12/25/1900 4/21/2004
33353673 RALEIGH 27615 NC PUD Owner Occupied 12/25/1900 4/30/2004
33962283 PEYTON 80831 CO Single Family Owner Occupied 12/25/1900 4/20/2004
33819939 MEMPHIS 38122 TN Single Family Owner Occupied 12/25/1900 4/22/2004
33496548 STOCKTON 95209 CA Single Family Owner Occupied 12/25/1900 4/13/2004
33628264 DETROIT 48207 MI Condo Owner Occupied 12/25/1900 4/28/2004
34062026 LAS VEGAS 89108 NV PUD Owner Occupied 12/25/1900 4/29/2004
33626607 DETROIT 48213 MI Single Family Owner Occupied 12/25/1900 4/30/2004
33949330 XXXXXX VALLEY 92557 CA Single Family Owner Occupied 12/25/1900 4/9/2004
33714296 VERMILION 61955 IL Single Family Owner Occupied 12/25/1900 4/19/2004
33993429 LAKE WORTH 33461 FL Single Family Non-Owner Occupied 12/25/1900 4/30/2004
33888181 FREDERICKSBURG 22406 VA Single Family Owner Occupied 12/25/1900 4/21/2004
33863911 ARLINGTON 53911 WI Single Family Owner Occupied 12/25/1900 4/23/2004
33172255 DEARBORN HTS 48127 MI Single Family Owner Occupied 12/25/1900 4/19/2004
32720864 XXXXXX 00000 XX XXX Owner Occupied 12/25/1900 4/23/2004
4000137258 XXXXXXXXX 00000 XX Condo Owner Occupied 12/25/1900 4/28/2004
34194407 MURFREESBORO 37129 TN Single Family Owner Occupied 12/25/1900 4/30/2004
33770967 ELMIRA 14901 NY Single Family Owner Occupied 12/25/1900 4/29/2004
33373531 DETROIT 48219 MI Single Family Owner Occupied 12/25/1900 4/22/2004
34243048 XXXXXXX 00000 FL PUD Owner Occupied 12/25/1900 4/30/2004
32763666 RONKONKOMA 11779 NY Single Family Owner Occupied 12/25/1900 4/16/2004
33845389 XXXX XXXX XXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/20/2004
33372822 XXXXXXX XXXX 00000 MI Single Family Owner Occupied 12/25/1900 4/19/2004
33850835 PROVO 84601 UT Single Family Owner Occupied 12/25/1900 4/23/2004
33747247 FEDERAL WAY 98023 WA Single Family Owner Occupied 12/25/1900 4/16/2004
33357195 LIBERTY 29657 SC Single Family Owner Occupied 12/25/1900 4/30/2004
33864976 WHITEWATER 53190 WI Single Family Owner Occupied 12/25/1900 4/29/2004
33615683 XXXXXXX 00000 FL PUD Owner Occupied 12/25/1900 4/29/2004
33008327 PEORIA 61604 IL Single Family Owner Occupied 12/25/1900 4/21/2004
33715673 ELMHURST 60126 IL Single Family Owner Occupied 12/25/1900 4/26/2004
34165993 XXXXXXX XXXX 00000 XX XXX Owner Occupied 12/25/1900 4/23/2004
34149765 GLADSTONE 97027 OR Single Family Owner Occupied 12/25/1900 4/26/2004
33917816 DELTONA 32725 FL Single Family Owner Occupied 12/25/1900 4/30/2004
33988361 XXXXXX BEACH 34957 FL Single Family Owner Occupied 12/25/1900 4/22/2004
33793068 BRENTWOOD 94513 CA PUD Owner Occupied 12/25/1900 4/20/2004
33845181 OREM 84058 UT Single Family Owner Occupied 12/25/1900 4/23/2004
33765108 HACKENSACK 7601 NJ Single Family Owner Occupied 12/25/1900 4/27/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
4000126955 6/1/2004 5/1/2034 358 296000 296000 4.625 1,140.83 7/1/2004 80 0-29
34149559 6/1/2004 5/1/2034 358 131900 131900 6 659.50 7/1/2004 79.98787144 0-29
34028779 6/1/2004 5/1/2034 359 71100 71100 8 474.00 6/1/2004 90 0-29
33120155 6/1/2004 5/1/2034 359 216000 215636.02 6.875 1,418.97 6/1/2004 80 0-29
4000133269 6/1/2004 5/1/2034 359 238700 238594.58 5 994.58 6/1/2004 79.99329759 0-29
33357260 6/1/2004 5/1/2034 359 179000 178712.85 7.125 1,205.96 6/1/2004 100 0-29
34087023 6/1/2004 5/1/2034 359 272850 272850 6.625 1,506.36 6/1/2004 85 0-29
33719691 6/1/2004 5/1/2034 359 88250 88108.43 7.125 594.56 6/1/2004 94.99461787 0-29
33969544 6/1/2004 5/1/2034 359 180600 180600 6.625 997.06 6/1/2004 79.98228521 0-29
33767393 6/1/2004 5/1/2034 358 230000 230000 5.125 982.29 7/1/2004 64.78873239 0-29
33718404 6/1/2004 5/1/2034 359 193600 193599.98 5.5 887.33 6/1/2004 80 0-29
33960816 6/1/2004 5/1/2034 359 238500 238500 6.125 1,217.34 6/1/2004 83.68421053 0-29
34147322 6/1/2004 5/1/2034 359 102000 102000 6.375 541.88 6/1/2004 80 0-29
34245258 6/1/2004 5/1/2034 358 151850 151850 7.375 933.24 7/1/2004 99.98683084 0-29
33624610 6/1/2004 5/1/2034 359 132050 132023.4 7 770.29 6/1/2004 95 0-29
4000136683 6/1/2004 5/1/2034 359 280000 280000 4.875 1,137.50 6/1/2004 80 0-29
33886128 6/1/2004 5/1/2034 358 59400 59399.5 7 346.50 7/1/2004 90 0-29
33818444 6/1/2004 5/1/2034 358 106500 106300 5.875 521.41 7/1/2004 84.52380952 0-29
33120908 6/1/2004 5/1/2034 359 148250 148050.38 8 1,087.81 6/1/2004 100 0-29
33925488 6/1/2004 5/1/2034 359 117000 116850.26 8.25 878.99 6/1/2004 90 0-29
33540220 6/1/2004 5/1/2034 359 92700 92581.36 8.25 696.43 6/1/2004 90 0-29
33910050 6/1/2004 5/1/2034 359 65700 65599.69 7.375 453.78 6/1/2004 90 0-29
34163337 6/1/2004 5/1/2034 358 285000 284564.93 7.375 1,968.43 7/1/2004 95 0-29
34123026 6/1/2004 5/1/2034 359 76400 76286.25 7.5 534.20 6/1/2004 80 0-29
34323956 6/1/2004 5/1/2034 359 258000 257472.62 5.875 1,526.17 6/1/2004 79.62962963 0-29
34191072 6/1/2004 5/1/2034 359 190000 190000 5.375 851.04 6/1/2004 79.98989601 0-29
34117804 6/1/2004 5/1/2034 358 299250 298733.25 6.75 1,940.93 7/1/2004 95 0-29
34023267 6/1/2004 5/1/2034 359 182000 181742.25 7.75 1,303.88 6/1/2004 100 0-29
33353673 6/1/2004 5/1/2034 358 153800 153514.33 6.375 959.52 7/1/2004 94.99691167 0-29
33962283 6/1/2004 5/1/2034 359 248900 248900 6.75 1,400.06 6/1/2004 95 0-29
33819939 6/1/2004 5/1/2034 359 57000 57000 6.875 326.56 6/1/2004 95 0-29
33496548 6/1/2004 5/1/2034 359 309000 309000 5.375 1,384.06 6/1/2004 79.98757475 0-29
33628264 6/1/2004 5/1/2034 357 243000 242719.36 8.75 1,911.69 8/1/2004 90 0-29
34062026 6/1/2004 5/1/2034 358 151200 151200 5.5 693.00 7/1/2004 80 0-29
33626607 6/1/2004 5/1/2034 359 94500 94366.12 8 693.41 6/1/2004 90 0-29
33949330 6/1/2004 5/1/2034 359 307400 307400 6.375 1,633.06 6/1/2004 89.99593057 0-29
33714296 6/1/2004 5/1/2034 359 29600 29557.01 7.625 209.51 6/1/2004 80 0-29
33993429 6/1/2004 5/1/2034 359 153000 153000 6.125 780.94 6/1/2004 90 0-29
33888181 6/1/2004 5/1/2034 358 135900 135899.99 5.5 622.88 7/1/2004 79.98822837 0-29
33863911 6/1/2004 5/1/2034 359 144000 143726.01 6.25 886.64 6/1/2004 92.07102256 0-29
33172255 6/1/2004 5/1/2034 358 110200 110035.91 7.5 770.54 7/1/2004 95 0-29
32720864 6/1/2004 5/1/2034 359 253650 253650 6.75 1,426.78 6/1/2004 95 0-29
4000137258 6/1/2004 5/1/2034 359 126800 126800 5.125 541.54 6/1/2004 80 0-29
34194407 6/1/2004 5/1/2034 358 110580 110419.42 7.625 782.68 7/1/2004 95 0-29
33770967 6/1/2004 5/1/2034 358 26500 26471.67 9.125 215.62 7/1/2004 100 0-29
33373531 6/1/2004 5/1/2034 359 97350 97349.31 6.5 527.31 6/1/2004 94.97560976 0-29
34243048 6/1/2004 5/1/2034 358 121600 121600 5.25 532.00 7/1/2004 80 0-29
32763666 6/1/2004 5/1/2034 358 130000 129764.32 6.5 821.69 7/1/2004 41.93548387 0-29
33845389 6/1/2004 5/1/2034 359 144000 144000 7.625 915.00 6/1/2004 90 0-29
33372822 6/1/2004 5/1/2034 359 92150 92130 6.99 536.77 6/1/2004 95 0-29
33850835 6/1/2004 5/1/2034 359 121500 121500 6.875 696.09 6/1/2004 90 0-29
33747247 6/1/2004 5/1/2034 359 180000 180000 5.625 843.75 6/1/2004 80 0-29
33357195 6/1/2004 5/1/2034 358 91900 91748.6 6.99 610.80 7/1/2004 100 0-29
33864976 6/1/2004 5/1/2034 358 101550 101550 5.875 497.17 7/1/2004 79.98393233 0-29
33615683 6/1/2004 5/1/2034 359 200250 200250 5.5 917.81 6/1/2004 79.97683567 0-29
33008327 6/1/2004 5/1/2034 358 65450 65330.79 6.625 419.09 7/1/2004 85 0-29
33715673 6/1/2004 5/1/2034 359 236700 236454.72 7.375 1,454.72 6/1/2004 90 0-29
34165993 6/1/2004 5/1/2034 359 108000 107804.19 6.5 682.64 6/1/2004 80 0-29
34149765 6/1/2004 5/1/2034 359 149200 149161.15 6.25 777.08 6/1/2004 80 0-29
33917816 6/1/2004 5/1/2034 359 83000 82930 7.5 518.75 6/1/2004 89.97289973 0-29
33988361 6/1/2004 5/1/2034 359 131200 130973.36 7.125 883.92 6/1/2004 80 0-29
33793068 6/1/2004 5/1/2034 359 271950 271950 5.625 1,274.77 6/1/2004 79.99705839 0-29
33845181 6/1/2004 5/1/2034 359 128250 128250 8.125 868.36 6/1/2004 95 0-29
33765108 6/1/2004 5/1/2034 358 245000 244625.99 7.375 1,692.16 7/1/2004 100 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
4000126955 6ML 3.375 3 4.625 10.625 0 None 5/1/2006 6
34149559 6ML 4 3 6 12 36 6 mo.s interest less 20% xxxx 5/1/2009 6
34028779 6ML 6.75 3 8 14 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33120155 6ML 5.875 3 6.875 12.875 36 min (2% prepaid, 60 days interest) 5/1/2006 6
4000133269 6ML 4 3 5 11 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33357260 6ML 6.375 3 7.125 13.125 0 None 5/1/2006 6
34087023 6ML 4.625 3 6.625 12.625 0 None 5/1/2006 6
33719691 6ML 6.25 3 7.125 13.125 24 2% prepaid 5/1/2006 6
33969544 6ML 5.25 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33767393 6ML 3.25 3 5.125 11.125 0 None 5/1/2006 6
33718404 6ML 4 3 5.5 11.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33960816 6ML 4.75 3 6.125 12.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34147322 6ML 4.375 3 6.375 12.375 36 6 mo.s interest less 20% xxxx 5/1/2009 6
34245258 6ML 6.125 3 7.375 13.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33624610 6ML 5.25 3 7 13 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2009 6
4000136683 6ML 3.875 3 4.875 10.875 36 6 mo.s interest less 20% xxxx 5/1/2007 6
33886128 6ML 5.625 3 7 13 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33818444 6ML 4.125 3 5.875 11.875 0 None 5/1/2007 6
33120908 6ML 5.625 3 8 14 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33925488 6ML 7 3 8.25 14.25 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33540220 6ML 6.75 3 8.25 14.25 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33910050 6ML 5.875 3 7.375 13.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34163337 6ML 6.375 3 7.375 13.375 12 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34123026 6ML 6.125 3 7.5 13.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34323956 6ML 4.25 3 5.875 11.875 0 None 5/1/2006 6
34191072 6ML 4 3 5.375 11.375 0 None 5/1/2007 6
34117804 6ML 5.25 3 6.75 12.75 0 None 5/1/2006 6
34023267 6ML 5.25 3 7.75 13.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33353673 6ML 5.75 3 6.375 12.375 0 None 5/1/2006 6
33962283 6ML 5.75 3 6.75 12.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33819939 6ML 5.75 3 6.875 12.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33496548 6ML 3.625 3 5.375 11.375 24 6 mo.s interest less 20% xxxx 5/1/2009 6
33628264 6ML 7.5 3 8.75 14.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34062026 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33626607 6ML 6.75 3 8 14 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33949330 6ML 5.5 3 6.375 12.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33714296 6ML 5.375 3 7.625 13.625 0 None 5/1/2006 6
33993429 6ML 4.625 3 6.125 12.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33888181 6ML 3.875 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33863911 6ML 5.5 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33172255 6ML 6.25 3 7.5 13.5 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2007 6
32720864 6ML 5.875 3 6.75 12.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000137258 6ML 3.625 3 5.125 11.125 36 6 mo.s interest less 20% xxxx 5/1/2009 6
34194407 6ML 6.75 3 7.625 13.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33770967 6ML 6.625 3 9.125 15.125 0 None 5/1/2007 6
33373531 6ML 5.75 3 6.5 12.5 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34243048 6ML 4 3 5.25 11.25 36 6 mo.s interest less 20% xxxx 5/1/2009 6
32763666 6ML 4.75 3 6.5 12.5 0 None 5/1/2006 6
33845389 6ML 6.125 3 7.625 13.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33372822 6ML 5.875 3 6.99 12.99 36 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33850835 6ML 5.75 1 6.875 12.875 36 6 mo.s interest less 20% xxxx 11/1/2004 6
33747247 6ML 4.25 3 5.625 11.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33357195 6ML 6 3 6.99 12.99 0 None 5/1/2006 6
33864976 6ML 4.875 3 5.875 11.875 36 6 mo.s interest less 20% xxxx 5/1/2006 6
33615683 6ML 4.25 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33008327 6ML 5.25 3 6.625 12.625 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33715673 6ML 6.125 3 7.375 13.375 0 None 5/1/2006 6
34165993 6ML 4.875 3 6.5 12.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34149765 6ML 4.875 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33917816 6ML 6 3 7.5 13.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33988361 6ML 4 3 7.125 13.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33793068 6ML 4.25 3 5.625 11.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33845181 6ML 5.625 3 8.125 14.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33765108 6ML 5.125 3 7.375 13.375 0 None 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
4000126955 6 Purchase N Y 60
34149559 6 Purchase N Y 60
34028779 6 Purchase N Y 60
33120155 6 X/X Xxxx X X 0
0000000000 0 Xxxxxxxx X Y 60
33357260 6 Purchase N N 0
34087023 6 C/O Refi N Y 60
33719691 6 Purchase N N 0
33969544 6 Purchase N Y 60
33767393 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33960816 6 R/T Refi N Y 60
34147322 6 Purchase N Y 60
34245258 6 Purchase N Y 60
33624610 6 X/X Xxxx X X 00
0000000000 0 Xxxxxxxx X Y 60
33886128 6 Purchase N Y 60
33818444 6 R/T Refi N Y 60
33120908 6 Purchase N N 0
33925488 6 Purchase N N 0
33540220 6 C/O Refi N N 0
33910050 6 C/O Refi N N 0
34163337 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X N 0
34323956 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34117804 6 C/O Refi N N 0
34023267 6 Purchase N N 0
33353673 6 Purchase N N 0
33962283 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33496548 6 Purchase N Y 60
33628264 6 Purchase N N 0
34062026 6 Purchase N Y 60
33626607 6 Purchase N N 0
33949330 6 Purchase N Y 60
33714296 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33888181 6 Purchase N Y 60
33863911 6 C/O Refi N N 0
33172255 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
4000137258 6 Purchase N Y 60
34194407 6 Purchase N N 0
33770967 6 Purchase N N 0
33373531 6 Purchase N Y 60
34243048 6 Purchase N Y 60
32763666 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33372822 6 R/T Refi N Y 60
33850835 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33357195 6 Purchase N N 0
33864976 6 Purchase N Y 60
33615683 6 Purchase N Y 60
33008327 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34165993 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33917816 6 Purchase N Y 60
33988361 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33845181 6 R/T Refi N Y 60
33765108 6 Purchase N N 0
D-1-13
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33748344 PASCO 99301 WA Single Family Owner Occupied 12/25/1900 4/27/2004
34023739 EASTON 2356 MA Single Family Owner Occupied 12/25/1900 4/23/2004
33170978 XXXXXX 48093 MI Single Family Owner Occupied 12/25/1900 4/23/2004
34049957 XXXX XXXXX 00000 TX Single Family Owner Occupied 12/25/1900 4/22/2004
33862228 MILWAUKEE 53209 WI Multi Family - 2 Units Owner Occupied 12/25/1900 4/19/2004
33237579 NORTH LAS VEGAS 89032 NV PUD Owner Occupied 12/25/1900 4/22/2004
34112763 LAS VEGAS 89123 NV PUD Owner Occupied 12/25/1900 4/16/2004
4000142831 YUBA CITY 95993 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33579459 PORTLAND 97217 OR Single Family Non-Owner Occupied 12/25/1900 4/13/2004
33749391 LAKEWOOD 98499 WA Single Family Owner Occupied 12/25/1900 4/20/2004
34051383 COPPELL 75019 TX PUD Owner Occupied 12/25/1900 4/26/2004
34188714 MEMPHIS 38116 TN Single Family Owner Occupied 12/25/1900 4/30/2004
31141740 XXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/28/2004
33989237 LOXAHATCHEE 33470 FL Single Family Owner Occupied 12/25/1900 4/23/2004
33355520 RALEIGH 27604 NC PUD Owner Occupied 12/25/1900 4/29/2004
33990953 MIRAMAR 33029 FL PUD Owner Occupied 12/25/1900 4/28/2004
33712761 TWIN LAKES 53181 WI Single Family Owner Occupied 12/25/1900 4/21/2004
34048116 PLANO 75024 TX PUD Owner Occupied 12/25/1900 4/23/2004
34190462 ALEXANDRIA 22315 VA PUD Owner Occupied 12/25/1900 4/28/2004
33891573 UPPER MARLBORO 20774 MD Single Family Owner Occupied 12/25/1900 4/26/2004
33745720 FEDERAL WAY 98003 WA Single Family Owner Occupied 12/25/1900 4/26/2004
33969841 ENGLEWOOD 80110 CO Condo Owner Occupied 12/25/1900 4/16/2004
33840992 INDIO 92201 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33958596 STOCKTON 95209 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33496431 CARMICHAEL 95608 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33766874 XXXXXXXX 00000 XX Multi Family - 3 Units Owner Occupied 12/25/1900 4/30/2004
33889593 SILVER SPRING 20906 MD PUD Owner Occupied 12/25/1900 4/26/2004
34023382 DRACUT 1826 MA Single Family Owner Occupied 12/25/1900 4/26/2004
33953696 SAN DIEGO 92114 CA Single Family Owner Occupied 12/25/1900 4/16/2004
34168906 AURORA 60504 IL Single Family Owner Occupied 12/25/1900 4/28/2004
33625955 BLISSFIELD 49228 MI Single Family Owner Occupied 12/25/1900 4/21/2004
33721887 XXXXXXXX XXXX 00000 IL Single Family Owner Occupied 12/25/1900 4/20/2004
33891516 EDGEWOOD 21040 MD Single Family Owner Occupied 12/25/1900 4/30/2004
4000142341 SAN XXXX 95124 CA Condo Owner Occupied 12/25/1900 4/21/2004
33967092 DENVER 80223 CO Single Family Owner Occupied 12/25/1900 4/19/2004
33240516 LAS VEGAS 89142 NV Single Family Owner Occupied 12/25/1900 4/21/2004
33921016 LAND O LAKES 34639 FL PUD Non-Owner Occupied 12/25/1900 4/22/2004
33120858 XXXXXXX 55079 MN Single Family Owner Occupied 12/25/1900 4/30/2004
33120163 SOMERSET 54025 WI Single Family Owner Occupied 12/25/1900 4/16/2004
33950247 EL CAJON 92021 CA Single Family Owner Occupied 12/25/1900 4/9/2004
34192138 EATONTON 31024 GA Single Family Owner Occupied 12/25/1900 4/28/2004
34089805 XXXXXXXX 00000 XX Multi Family - 2 Units Owner Occupied 12/25/1900 4/15/2004
33099912 PITTSFIELD 1201 MA Single Family Owner Occupied 12/25/1900 4/28/2004
33220161 XXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 4/26/2004
33374109 WATERFORD 48328 MI Single Family Owner Occupied 12/25/1900 4/30/2004
33497322 FAIRFIELD 94533 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33909805 KISSIMMEE 34743 FL PUD Owner Occupied 12/25/1900 4/23/2004
34122507 XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/20/2004
34185785 DECATUR 30032 GA Single Family Owner Occupied 12/25/1900 4/29/2004
33316910 XXXXXX 80134 CO Condo Owner Occupied 12/25/1900 4/29/2004
34246967 XXXXXXX 00000 FL PUD Owner Occupied 12/25/1900 4/30/2004
33259003 XXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/28/2004
34222968 XXXXXXXX 85226 AZ PUD Non-Owner Occupied 12/25/1900 4/20/2004
34186817 RIVERDALE 30296 GA Single Family Owner Occupied 12/25/1900 4/22/2004
34189738 ATLANTA 30312 GA Condo Owner Occupied 12/25/1900 4/23/2004
33525221 XXXXX CENTER 43035 OH Single Family Owner Occupied 12/25/1900 4/16/2004
34092551 VAN NUYS 91411 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33957051 XXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/20/2004
34185868 MEMPHIS 38135 TN Single Family Owner Occupied 12/25/1900 4/29/2004
33849589 XXXX XXXX XXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/29/2004
34114272 MADERA 93637 CA Single Family Owner Occupied 12/25/1900 4/22/2004
34023804 DURHAM 6422 CT Single Family Owner Occupied 12/25/1900 4/21/2004
33769274 XXXX 12180 NY Single Family Owner Occupied 12/25/1900 4/21/2004
34202143 SHAKOPEE 55379 MN Single Family Owner Occupied 12/25/1900 4/19/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33748344 6/1/2004 5/1/2034 359 100000 100000 6.375 531.25 6/1/2004 80 0-29
34023739 6/1/2004 5/1/2034 359 288000 288000 5.625 1,350.00 6/1/2004 80 0-29
33170978 6/1/2004 5/1/2034 359 165000 164777.82 8 1,210.72 6/1/2004 100 0-29
34049957 6/1/2004 5/1/2034 358 120650 120413.95 7.5 843.61 7/1/2004 95 0-29
33862228 6/1/2004 5/1/2034 359 68000 67908.44 8 498.96 6/1/2004 79.53216374 0-29
33237579 6/1/2004 5/1/2034 358 138450 138450 6.125 706.67 7/1/2004 79.98728985 0-29
34112763 6/1/2004 5/1/2034 358 227950 227950 5.5 1,044.77 7/1/2004 79.98273678 0-29
4000142831 6/1/2004 5/1/2034 359 223200 223200 5.75 1,069.50 6/1/2004 80 0-29
33579459 6/1/2004 5/1/2034 359 124000 124000 6.75 697.50 6/1/2004 80.51948052 0-29
33749391 6/1/2004 5/1/2034 358 121000 120832.9 7.875 877.34 7/1/2004 80.66666667 0-29
34051383 6/1/2004 5/1/2034 359 250000 249403.07 5.625 1,439.15 6/1/2004 64.5994832 0-29
34188714 6/1/2004 5/1/2034 359 73875 73780.46 8.25 555.00 6/1/2004 75 0-29
31141740 6/1/2004 5/1/2034 358 115500 115319.24 7.25 787.92 7/1/2004 70 0-29
33989237 6/1/2004 5/1/2034 359 165750 165442.14 6.375 1,034.07 6/1/2004 80.07246377 0-29
33355520 6/1/2004 5/1/2034 359 165600 165600 6.25 862.50 6/1/2004 79.79953739 0-29
33990953 6/1/2004 5/1/2034 359 193500 193500 6.75 1,088.44 6/1/2004 90 0-29
33712761 6/1/2004 5/1/2034 359 180500 180188.31 6.75 1,170.72 6/1/2004 95 0-29
34048116 6/1/2004 5/1/2034 359 181000 180429.42 6.25 942.71 6/1/2004 94.27083333 0-29
34190462 6/1/2004 5/1/2034 359 260000 260000 7 1,516.67 6/1/2004 87.10217755 0-29
33891573 6/1/2004 5/1/2034 359 118800 118800 6.5 643.50 6/1/2004 90 0-29
33745720 6/1/2004 5/1/2034 359 190000 190000 6.625 1,048.96 6/1/2004 95 0-29
33969841 6/1/2004 5/1/2034 359 122500 122277.9 6.5 774.29 6/1/2004 70 0-29
33840992 6/1/2004 5/1/2034 359 167200 167200 5.875 818.58 6/1/2004 80 0-29
33958596 6/1/2004 5/1/2034 359 184000 184000 5.25 805.00 6/1/2004 80 0-29
33496431 6/1/2004 5/1/2034 359 265600 265600 6.125 1,355.67 6/1/2004 80 0-29
33766874 6/1/2004 5/1/2034 359 396000 395299.29 6.625 2,535.64 6/1/2004 90 0-29
33889593 6/1/2004 5/1/2034 359 248800 248790 5.5 1,140.33 6/1/2004 80 0-29
34023382 6/1/2004 5/1/2034 358 204000 204000 6.25 1,062.50 7/1/2004 73.11827957 0-29
33953696 6/1/2004 5/1/2034 359 206000 206000 5 858.33 6/1/2004 61.49253731 0-29
34168906 6/1/2004 5/1/2034 358 254600 254115.58 6.25 1,567.62 7/1/2004 95 0-29
33625955 6/1/2004 5/1/2034 359 116000 115858.9 8.5 891.94 6/1/2004 80 0-29
33721887 6/1/2004 5/1/2034 359 256000 255438.28 5.5 1,453.55 6/1/2004 78.76923077 0-29
33891516 6/1/2004 5/1/2034 358 133000 132825.39 8.125 987.53 7/1/2004 100 0-29
4000142341 6/1/2004 5/1/2034 358 289500 289500 6.375 1,537.97 7/1/2004 100 0-29
33967092 6/1/2004 5/1/2034 359 138400 138145.23 7.5 967.72 6/1/2004 80 0-29
33240516 6/1/2004 5/1/2034 359 270000 270000 7.125 1,603.13 6/1/2004 94.73684211 0-29
33921016 6/1/2004 5/1/2034 358 115650 115650 5.25 505.97 7/1/2004 64.97738573 0-29
33120858 6/1/2004 5/1/2034 359 211200 211100 5.75 1,012.00 6/1/2004 80 0-29
33120163 6/1/2004 5/1/2034 359 207400 207166.6 8.875 1,650.17 6/1/2004 85 0-29
33950247 6/1/2004 5/1/2034 359 276000 276000 4.99 1,147.70 6/1/2004 80 0-29
34192138 6/1/2004 5/1/2034 359 153500 153500 6.875 879.43 6/1/2004 100 0-29
34089805 6/1/2004 5/1/2034 358 308000 305393.75 4.99 1,651.53 7/1/2004 62.85714286 0-29
33099912 6/1/2004 5/1/2034 359 98800 98616.49 6.375 616.39 6/1/2004 95 0-29
33220161 6/1/2004 5/1/2034 359 115200 115200 5.5 528.00 6/1/2004 80 0-29
33374109 6/1/2004 5/1/2034 358 107200 107200 5.5 491.33 7/1/2004 80 0-29
33497322 6/1/2004 5/1/2034 359 290400 290400 5.5 1,331.00 6/1/2004 80 0-29
33909805 6/1/2004 5/1/2034 359 132800 132800 5.875 650.17 6/1/2004 80 0-29
34122507 6/1/2004 5/1/2034 359 130000 130000 7 758.33 6/1/2004 77.84431138 0-29
34185785 6/1/2004 5/1/2034 358 140000 139786.28 7.375 966.95 7/1/2004 100 0-29
33316910 6/1/2004 5/1/2034 359 141000 141000 6.375 749.06 6/1/2004 79.98865409 0-29
34246967 6/1/2004 5/1/2034 359 146000 145808.33 8.125 1,084.05 6/1/2004 100 0-29
33259003 6/1/2004 5/1/2034 358 280250 280248.01 6.5 1,518.02 7/1/2004 95 0-29
34222968 6/1/2004 5/1/2034 359 157050 157050 7.5 981.56 6/1/2004 90 0-29
34186817 6/1/2004 5/1/2034 359 125000 124827.38 7.875 906.34 6/1/2004 89.28571429 0-29
34189738 6/1/2004 5/1/2034 358 109600 109600 6.375 582.25 7/1/2004 80 0-29
33525221 6/1/2004 5/1/2034 359 202350 202224.98 6.375 1,074.98 6/1/2004 95 0-29
34092551 6/1/2004 5/1/2034 359 268000 267368.13 5.625 1,542.76 6/1/2004 76.13636364 0-29
33957051 6/1/2004 5/1/2034 358 278400 278177.53 5.125 1,189.00 7/1/2004 80 0-29
34185868 6/1/2004 5/1/2034 359 119840 119840 6.75 674.10 6/1/2004 80 0-29
33849589 6/1/2004 5/1/2034 358 263150 262672.93 6.5 1,663.29 7/1/2004 95 0-29
34114272 6/1/2004 5/1/2034 359 163200 162944.59 7.25 1,113.32 6/1/2004 85 0-29
34023804 6/1/2004 5/1/2034 359 190000 189744.17 8 1,394.16 6/1/2004 84.44444444 0-29
33769274 6/1/2004 5/1/2034 358 87750 86990.44 8.5 674.73 7/1/2004 89.98154225 0-29
34202143 6/1/2004 5/1/2034 358 187500 187034.45 6.375 1,169.76 7/1/2004 73.52941176 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33748344 6ML 4.75 3 6.375 12.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34023739 6ML 4 3 5.625 11.625 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33170978 6ML 5.75 3 8 14 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34049957 6ML 6.5 3 7.5 13.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33862228 6ML 6.125 3 8 14 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33237579 6ML 4.5 3 6.125 12.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34112763 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000142831 6ML 4.375 3 5.75 11.75 36 6 mo.s interest less 20% xxxx 5/1/2009 6
33579459 6ML 4.125 3 6.75 12.75 0 None 5/1/2006 6
33749391 6ML 6.25 3 7.875 13.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34051383 6ML 4 3 5.625 11.625 0 None 5/1/2009 6
34188714 6ML 6.375 3 8.25 14.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
31141740 6ML 4.875 3 7.25 13.25 0 None 5/1/2006 6
33989237 6ML 5.25 3 6.375 12.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33355520 6ML 4.375 3 6.25 12.25 0 None 5/1/2009 6
33990953 6ML 5.375 3 6.75 12.75 24 6 mo.s interest less 20% xxxx 5/1/2009 6
33712761 6ML 6 3 6.75 12.75 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34048116 6ML 5.5 3 6.25 12.25 36 6 mo.s interest less 20% xxxx 5/1/2007 6
34190462 6ML 6.125 3 7 13 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33891573 6ML 5.5 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33745720 6ML 5.25 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2007 6
33969841 6ML 5 3 6.5 12.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33840992 6ML 4.5 3 5.875 11.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33958596 6ML 3.75 3 5.25 11.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33496431 6ML 4.625 3 6.125 12.125 24 6 mo.s interest less 20% xxxx 5/1/2009 6
33766874 6ML 5.5 3 6.625 12.625 0 None 5/1/2006 6
33889593 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34023382 6ML 4.625 3 6.25 12.25 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33953696 6ML 3.125 3 5 11 24 6 mo.s interest less 20% xxxx 5/1/2006 6
34168906 6ML 5.625 3 6.25 12.25 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33625955 6ML 6.625 3 8.5 14.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33721887 6ML 4.5 3 5.5 11.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33891516 6ML 5.625 3 8.125 14.125 24 6 mo.s interest less 20% xxxx 5/1/2006 6
4000142341 6ML 5.125 3 6.375 12.375 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33967092 6ML 5.625 3 7.5 13.5 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33240516 6ML 6 3 7.125 13.125 36 6 mo.s interest less 20% xxxx 5/1/2007 6
33921016 6ML 2.875 3 5.25 11.25 36 6 mo.s interest less 20% xxxx 5/1/2009 6
33120858 6ML 4 3 5.75 11.75 36 min (2% prepaid, 60 days interest) 5/1/2009 6
33120163 6ML 7.5 3 8.875 14.875 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33950247 6ML 3.875 3 4.99 10.99 36 6 mo.s interest less 20% xxxx 5/1/2007 6
34192138 6ML 5.875 3 6.875 12.875 0 None 5/1/2006 6
34089805 6ML 3.625 3 4.99 10.99 24 6 mo.s interest less 20% xxxx 5/1/2006 6
33099912 6ML 5 3 6.375 12.375 0 None 5/1/2006 6
33220161 6ML 3.875 3 5.5 11.5 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
33374109 6ML 4.5 3 5.5 11.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33497322 6ML 3.5 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
33909805 6ML 4.25 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
34122507 6ML 5 3 7 13 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34185785 6ML 6.375 3 7.375 13.375 1/0/1900 None 5/1/2006 6
33316910 6ML 4.875 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34246967 6ML 5.625 3 8.125 14.125 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33259003 6ML 5.25 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
34222968 6ML 5.875 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34186817 6ML 6.375 3 7.875 13.875 1/0/1900 None 5/1/2006 6
34189738 6ML 5 1 6.375 12.375 1/0/1900 None 11/1/2004 6
33525221 6ML 5.875 1 6.375 12.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 11/1/2004 6
34092551 6ML 4.5 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33957051 6ML 3.75 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34185868 6ML 4.75 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
33849589 6ML 5.75 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34114272 6ML 5.875 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34023804 6ML 4.75 3 8 14 1/0/1900 None 5/1/2006 6
33769274 6ML 5.75 3 8.5 14.5 1/0/1900 None 5/1/2006 6
34202143 6ML 5.125 3 6.375 12.375 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33748344 6 Purchase N Y 60
34023739 6 C/O Refi N Y 60
33170978 6 Purchase N N 0
34049957 6 Purchase N N 0
33862228 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34112763 6 Purchase N Y 60
4000142831 6 Purchase N Y 60
33579459 6 Purchase N Y 60
33749391 6 C/O Refi N N 0
34051383 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X N 0
31141740 6 C/O Refi N N 0
33989237 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33990953 6 Purchase N Y 60
33712761 6 Purchase N N 0
34048116 6 R/T Refi N Y 60
34190462 6 C/O Refi N Y 60
33891573 6 C/O Refi N Y 60
33745720 6 C/O Refi N Y 60
33969841 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33958596 6 Purchase N Y 60
33496431 6 Purchase N Y 60
33766874 6 Purchase N N 0
33889593 6 Purchase N Y 60
34023382 6 C/O Refi N Y 60
33953696 6 C/O Refi N Y 60
34168906 6 Purchase N N 0
33625955 6 R/T Refi N N 0
33721887 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X N 0
4000142341 6 Purchase N Y 60
33967092 6 C/O Refi N N 0
33240516 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33120858 6 Purchase N Y 60
33120163 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34192138 6 Purchase N Y 60
34089805 6 C/O Refi N N 0
33099912 6 Purchase N N 0
33220161 6 Purchase N Y 60
33374109 6 Purchase N Y 60
33497322 6 Purchase N Y 60
33909805 6 Purchase N Y 60
34122507 6 C/O Refi N Y 60
34185785 6 Purchase N N 0
33316910 6 Purchase N Y 60
34246967 6 Purchase N N 0
33259003 6 Purchase N Y 60
34222968 6 Purchase N Y 60
34186817 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33525221 6 C/O Refi N Y 60
34092551 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34185868 6 Purchase N Y 60
33849589 6 Purchase N N 0
34114272 6 C/O Refi N N 0
34023804 6 Purchase N N 0
33769274 6 Purchase N N 0
34202143 6 X/X Xxxx X X 0
X-0-00
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33747270 XXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/20/2004
33497553 XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/22/2004
33455635 LEBANON 17042 PA Single Family Owner Occupied 12/25/1900 4/23/2004
33905621 TAMPA 33607 FL Single Family Owner Occupied 12/25/1900 4/26/2004
34129148 XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/26/2004
34244178 CASSELBERRY 32707 FL PUD Non-Owner Occupied 12/25/1900 4/27/2004
33952359 SAN DIEGO 92114 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33784604 XXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/21/2004
33749813 PORT ORCHARD 98366 WA Single Family Owner Occupied 12/25/1900 4/22/2004
33494113 XXXXX 95620 CA Single Family Owner Occupied 12/25/1900 4/22/2004
34245357 BRADENTON 34210 FL Condo Non-Owner Occupied 12/25/1900 4/30/2004
33950999 SAN MARCOS 92069 CA Condo Owner Occupied 12/25/1900 4/21/2004
33518804 SYLMAR 91342 CA Single Family Owner Occupied 12/25/1900 4/14/2004
33460221 PAULSBORO 8066 NJ Single Family Owner Occupied 12/25/1900 4/26/2004
33293127 LEMOORE 93245 CA Single Family Owner Occupied 12/25/1900 4/9/2004
33789702 ANTIOCH 94509 CA Single Family Owner Occupied 12/25/1900 4/19/2004
33217852 XXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/26/2004
33723958 LONG BEACH 90805 CA Single Family Owner Occupied 12/25/1900 4/2/2004
33835687 XXXXXX VALLEY 92553 CA Single Family Owner Occupied 12/25/1900 4/15/2004
33838111 VICTORVILLE 92392 CA Single Family Owner Occupied 12/25/1900 4/1/2004
33990375 BRANDON 33511 FL Single Family Owner Occupied 12/25/1900 4/26/2004
34205310 XXXXXXXX 55316 MN Single Family Owner Occupied 12/25/1900 4/30/2004
34092817 SYLMAR 91342 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33863895 XXXXX XXX 00000 WI Single Family Owner Occupied 12/25/1900 4/26/2004
33791252 PORTLAND 97233 OR Single Family Owner Occupied 12/25/1900 4/22/2004
34123463 XXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/30/2004
33626755 DETROIT 48219 MI Single Family Owner Occupied 12/25/1900 4/21/2004
33851833 NORTH SALT LAKE 84054 UT Multi Family - 2 Units Non-Owner Occupied 12/25/1900 4/27/2004
34114405 EVERGREEN 80439 CO Single Family Owner Occupied 12/25/1900 4/22/2004
33838152 XXXXXX VALLEY 92557 CA PUD Owner Occupied 12/25/1900 4/16/2004
33627431 GRAND RAPIDS 49505 MI Single Family Owner Occupied 12/25/1900 4/22/2004
34008128 WEST MONROE 71291 LA Single Family Owner Occupied 12/25/1900 4/22/2004
34184127 HAMPTON 30228 GA Single Family Owner Occupied 12/25/1900 4/23/2004
34190017 XXXXXXXXXXXX 00000 XX XXX Owner Occupied 12/25/1900 4/28/2004
4000142752 OAKDALE 95361 CA Single Family Owner Occupied 12/25/1900 4/25/2004
34146779 MILWAUKIE 97267 OR Single Family Owner Occupied 12/25/1900 4/16/2004
4000141441 STOCKTON 95219 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33625740 LANSING 48910 MI Single Family Owner Occupied 12/25/1900 4/16/2004
4000141326 WEST XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/28/2004
33972811 DENVER 80239 CO PUD Owner Occupied 12/25/1900 4/22/2004
34184028 XXXXXXX XXXX 00000 XX XXX Owner Occupied 12/25/1900 4/23/2004
33372236 XXXXXX 48180 MI Single Family Owner Occupied 12/25/1900 4/21/2004
34187237 LOGANVILLE 30052 GA Single Family Owner Occupied 12/25/1900 4/22/2004
00000000 XXXXXXX 00000 XX Condo Owner Occupied 12/25/1900 4/23/2004
34093302 VAN NUYS 91406 CA Condo Owner Occupied 12/25/1900 4/27/2004
34152124 TERREBONNE 97760 OR Single Family Owner Occupied 12/25/1900 4/23/2004
33721994 CHICAGO 60617 IL Single Family Owner Occupied 12/25/1900 4/28/2004
33099177 BOSTON 2127 MA Condo Owner Occupied 12/25/1900 4/23/2004
33829680 RIVERSIDE 92504 CA Single Family Owner Occupied 12/25/1900 4/23/2004
34010264 XXXXXX 00000 XX PUD Owner Occupied 12/25/1900 4/23/2004
33751991 XXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/28/2004
34049239 PROSPER 75078 TX PUD Owner Occupied 12/25/1900 4/21/2004
34024653 CRANSTON 2921 RI Single Family Owner Occupied 12/25/1900 4/21/2004
34191353 LOGANVILLE 30052 GA Single Family Owner Occupied 12/25/1900 4/26/2004
33353996 KINGS MOUNTAIN 28086 NC Single Family Owner Occupied 12/25/1900 4/23/2004
33215716 XXXXXXXX XXXXXXX 00000 CO Single Family Owner Occupied 12/25/1900 4/15/2004
34025163 PITTSFIELD 1202 MA Multi Family - 2 Units Owner Occupied 12/25/1900 4/30/2004
33477308 XXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/19/2004
33992249 N. LAUDERDALE 33068 FL Single Family Owner Occupied 12/25/1900 4/23/2004
34120055 PICO XXXXXX 90660 CA Single Family Owner Occupied 12/25/1900 4/21/2004
34205104 XXXXX 55121 MN Single Family Owner Occupied 12/25/1900 4/26/2004
33458332 FRANKLIN PARK 8823 NJ Condo Owner Occupied 12/25/1900 4/29/2004
33839754 FONTANA 92335 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33956434 RAMONA 92065 CA Single Family Owner Occupied 12/25/1900 4/29/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
------------------------------------------------------------------------------------------------------------------------------------
33747270 6/1/2004 5/1/2034 358 308000 308000 5.5 1,411.67 7/1/2004 80 0-29
33497553 6/1/2004 5/1/2034 359 199600 199599.63 5.625 935.63 6/1/2004 80 0-29
33455635 6/1/2004 5/1/2034 359 80000 79880.87 7.5 559.38 6/1/2004 80 0-29
33905621 6/1/2004 5/1/2034 359 60000 59917.13 7.875 435.05 6/1/2004 70.58823529 0-29
34129148 6/1/2004 5/1/2034 359 146200 145910.26 6.99 971.70 6/1/2004 85 0-29
34244178 6/1/2004 5/1/2034 359 116000 116000 5.375 519.58 6/1/2004 80 0-29
33952359 6/1/2004 5/1/2034 359 320000 320000 5.875 1,566.67 6/1/2004 80 0-29
33784604 6/1/2004 5/1/2034 358 133000 132996.24 6.75 748.13 7/1/2004 40.92307692 0-29
33749813 6/1/2004 5/1/2034 359 113000 112818.72 7.125 761.31 6/1/2004 86.92307692 0-29
33494113 6/1/2004 5/1/2034 359 264000 264000 4.99 1,097.80 6/1/2004 80 0-29
34245357 6/1/2004 5/1/2034 359 120000 119825.73 7.625 849.36 6/1/2004 80 0-29
33950999 6/1/2004 5/1/2034 359 188000 188000 5.625 881.25 6/1/2004 80 0-29
33518804 6/1/2004 5/1/2034 359 289000 288536.41 7.125 1,947.05 6/1/2004 94.69200524 0-29
33460221 6/1/2004 5/1/2034 358 97750 97637.11 8.75 769.00 7/1/2004 85 0-29
33293127 6/1/2004 5/1/2034 359 116350 116153.94 6.875 764.34 6/1/2004 94.97959184 0-29
33789702 6/1/2004 5/1/2034 358 241600 241600 5.25 1,057.00 7/1/2004 80 0-29
33217852 6/1/2004 5/1/2034 359 103600 103412.17 6.5 654.83 6/1/2004 84.22764228 0-29
33723958 6/1/2004 5/1/2034 359 244800 244800 4.99 1,017.96 6/1/2004 80 0-29
33835687 6/1/2004 5/1/2034 359 188000 188000 6 940.00 6/1/2004 80 0-29
33838111 6/1/2004 5/1/2034 359 194750 194387.62 6.375 1,214.99 6/1/2004 95 0-29
33990375 6/1/2004 5/1/2034 359 116000 115847.72 8.125 861.30 6/1/2004 82.85714286 0-29
34205310 6/1/2004 5/1/2034 359 210000 209687.31 7.5 1,468.36 6/1/2004 100 0-29
34092817 6/1/2004 5/1/2034 359 308000 308000 8.25 2,117.50 6/1/2004 80 0-29
33863895 6/1/2004 5/1/2034 359 121000 120780.62 6.5 764.81 6/1/2004 94.16342412 0-29
33791252 6/1/2004 5/1/2034 359 160500 160248.82 7.25 1,094.90 6/1/2004 94.9704142 0-29
34123463 6/1/2004 5/1/2034 359 101550 101406.18 7.75 727.52 6/1/2004 89.96279235 0-29
33626755 6/1/2004 5/1/2034 359 98800 98800 6.25 514.58 6/1/2004 95 0-29
33851833 6/1/2004 5/1/2034 358 130000 129964.79 6.5 704.17 7/1/2004 89.04109589 0-29
34114405 6/1/2004 5/1/2034 359 316000 316000 6.75 1,777.50 6/1/2004 84.26666667 0-29
33838152 6/1/2004 5/1/2034 359 216000 216000 6.375 1,147.50 6/1/2004 80 0-29
33627431 6/1/2004 5/1/2034 359 136800 136569.48 6.875 898.68 6/1/2004 90 0-29
34008128 6/1/2004 5/1/2034 359 127800 127584.64 6.875 839.56 6/1/2004 94.96351558 0-29
34184127 6/1/2004 5/1/2034 359 192000 191772.47 8.625 1,493.36 6/1/2004 100 0-29
34190017 6/1/2004 5/1/2034 359 160000 160000 7.875 1,050.00 6/1/2004 100 0-29
4000142752 6/1/2004 5/1/2034 359 322100 322100 7.125 1,912.47 6/1/2004 89.99167416 0-29
34146779 6/1/2004 5/1/2034 359 173600 173261.66 6.125 1,054.82 6/1/2004 80 0-29
4000141441 6/1/2004 5/1/2034 359 280250 279729.48 6.375 1,748.40 6/1/2004 95 0-29
33625740 6/1/2004 5/1/2034 359 112500 112356.02 8.25 845.18 6/1/2004 88.58267717 0-29
4000141326 6/1/2004 5/1/2034 359 124400 124400 5.25 544.25 6/1/2004 80 0-29
33972811 6/1/2004 5/1/2034 358 157250 157051.25 6.875 900.91 7/1/2004 85 0-29
34184028 6/1/2004 5/1/2034 359 81000 81000 7.25 489.38 6/1/2004 90 0-29
33372236 6/1/2004 5/1/2034 358 96000 95857.05 7.5 671.25 7/1/2004 75 0-29
34187237 6/1/2004 5/1/2034 359 76500 76400 8.875 565.78 6/1/2004 85 0-29
33477548 6/1/2004 5/1/2034 359 260000 260000 6.125 1,327.08 6/1/2004 75.36231884 0-29
34093302 6/1/2004 5/1/2034 359 156800 156799.53 6.99 913.36 6/1/2004 80 0-29
34152124 6/1/2004 5/1/2034 359 324800 324070.45 5.375 1,818.79 6/1/2004 80 0-29
33721994 6/1/2004 5/1/2034 359 87850 87709.06 7.125 591.87 6/1/2004 94.97297297 0-29
33099177 6/1/2004 5/1/2034 359 211200 211200 6.25 1,100.00 6/1/2004 80 0-29
33829680 6/1/2004 5/1/2034 359 120000 119967.9 7.25 725.00 6/1/2004 61.2244898 0-29
34010264 6/1/2004 5/1/2034 359 145200 144910.18 6 870.55 6/1/2004 77.44 0-29
33751991 6/1/2004 5/1/2034 359 142400 142400 4.75 563.67 6/1/2004 80 0-29
34049239 6/1/2004 5/1/2034 359 202300 202300 5.75 969.35 6/1/2004 77.80769231 0-29
34024653 6/1/2004 5/1/2034 359 186000 185785.18 8.75 1,463.27 6/1/2004 100 0-29
34191353 6/1/2004 5/1/2034 359 208250 208250 7.875 1,366.64 6/1/2004 88.61702128 0-29
33353996 6/1/2004 5/1/2034 359 121500 121500 7.25 734.06 6/1/2004 90 0-29
33215716 6/1/2004 5/1/2034 359 108000 108000 6 540.00 6/1/2004 80 0-29
34025163 6/1/2004 5/1/2034 359 85000 84880.47 8.875 676.30 6/1/2004 100 0-29
33477308 6/1/2004 5/1/2034 358 280000 279950 6.625 1,545.83 7/1/2004 100 0-29
33992249 6/1/2004 5/1/2034 359 144000 143815.71 8.25 1,081.83 6/1/2004 90 0-29
34120055 6/1/2004 5/1/2034 359 217500 217500 6.99 1,266.94 6/1/2004 72.5 0-29
34205104 6/1/2004 5/1/2034 359 304000 303535.92 7.375 2,099.66 6/1/2004 95 0-29
33458332 6/1/2004 5/1/2034 359 185000 184775.06 8.5 1,422.49 6/1/2004 100 0-29
33839754 6/1/2004 5/1/2034 359 252000 251484.88 5.875 1,490.68 6/1/2004 80 0-29
33956434 6/1/2004 5/1/2034 359 280000 280000 5.375 1,254.17 6/1/2004 80 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33747270 6ML 3.875 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33497553 6ML 4.625 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33455635 6ML 6.125 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33905621 6ML 6.125 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34129148 6ML 6.125 3 6.99 12.99 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34244178 6ML 3.75 1 5.375 11.375 1/24/1900 6 mo.s interest less 20% xxxx 11/1/2004 6
33952359 6ML 4.875 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33784604 6ML 4.625 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33749813 6ML 5.75 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33494113 6ML 3.625 3 4.99 10.99 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34245357 6ML 4.125 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33950999 6ML 3.375 3 5.625 11.625 1/12/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
33518804 6ML 6 3 7.125 13.125 1/12/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33460221 6ML 5.375 3 8.75 14.75 1/0/1900 None 5/1/2006 6
33293127 6ML 5.875 3 6.875 12.875 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
33789702 6ML 4.25 3 5.25 11.25 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33217852 6ML 5.25 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33723958 6ML 3.75 3 4.99 10.99 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33835687 6ML 4.875 3 6 12 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33838111 6ML 5.375 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33990375 6ML 6.375 3 8.125 14.125 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34205310 6ML 6.25 3 7.5 13.5 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
34092817 6ML 6.625 3 8.25 14.25 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33863895 6ML 5.5 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33791252 6ML 5.875 3 7.25 13.25 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
34123463 6ML 4.875 3 7.75 13.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33626755 6ML 5 3 6.25 12.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33851833 6ML 4.5 3 6.5 12.5 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
34114405 6ML 5.375 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33838152 6ML 5.25 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33627431 6ML 6 3 6.875 12.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34008128 6ML 5.875 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34184127 6ML 6.375 3 8.625 14.625 1/0/1900 None 5/1/2006 6
34190017 6ML 6.125 3 7.875 13.875 1/0/1900 None 5/1/2007 6
4000142752 6ML 5.875 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34146779 6ML 4.875 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
4000141441 6ML 5.5 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33625740 6ML 7.125 3 8.25 14.25 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
4000141326 6ML 3.5 3 5.25 11.25 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
33972811 6ML 5.5 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34184028 6ML 6 3 7.25 13.25 1/0/1900 None 5/1/2007 6
33372236 6ML 6.125 3 7.5 13.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34187237 6ML 6.875 3 8.875 14.875 1/0/1900 None 5/1/2007 6
33477548 6ML 4.375 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
34093302 6ML 5 3 6.99 12.99 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
34152124 6ML 4.25 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
33721994 6ML 6.25 3 7.125 13.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33099177 6ML 4.625 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33829680 6ML 5.25 3 7.25 13.25 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
34010264 6ML 4.625 3 6 12 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33751991 6ML 3.5 3 4.75 10.75 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34049239 6ML 4.125 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
34024653 6ML 6.5 3 8.75 14.75 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34191353 6ML 6.375 3 7.875 13.875 1/0/1900 None 5/1/2007 6
33353996 6ML 5.875 3 7.25 13.25 1/0/1900 None 5/1/2007 6
33215716 6ML 4.625 3 6 12 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34025163 6ML 6.375 3 8.875 14.875 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33477308 6ML 5.625 3 6.625 12.625 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
33992249 6ML 6.75 3 8.25 14.25 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34120055 6ML 5.25 3 6.99 12.99 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34205104 6ML 5.875 3 7.375 13.375 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
33458332 6ML 6 3 8.5 14.5 1/0/1900 None 5/1/2006 6
33839754 6ML 5 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33956434 6ML 3.5 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33747270 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33455635 6 Purchase N N 0
33905621 6 C/O Refi N N 0
34129148 6 C/O Refi N N 0
34244178 6 X/X Xxxx X X 00
00000000 0 X/X Xxxx X Y 60
33784604 6 C/O Refi N Y 60
33749813 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34245357 6 Purchase N N 0
33950999 6 Purchase N Y 60
33518804 6 Purchase N N 0
33460221 6 Purchase N N 0
33293127 6 Purchase N N 0
33789702 6 Purchase N Y 60
33217852 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33835687 6 Purchase N Y 60
33838111 6 C/O Refi N N 0
33990375 6 C/O Refi N N 0
34205310 6 Purchase N N 0
34092817 6 Purchase N Y 60
33863895 6 C/O Refi N N 0
33791252 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X N 0
33626755 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
34114405 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33627431 6 R/T Refi N N 0
34008128 6 Purchase N N 0
34184127 6 Purchase N N 0
34190017 6 Purchase N Y 60
4000142752 6 Purchase N Y 60
34146779 6 C/O Refi N N 0
4000141441 6 C/O Refi N N 0
33625740 6 X/X Xxxx X X 0
0000000000 0 Xxxxxxxx X Y 60
33972811 6 C/O Refi N Y 60
34184028 6 C/O Refi N Y 60
33372236 6 X/X Xxxx X X 0
00000000 0 X/X Xxxx X Y 60
33477548 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
34152124 6 C/O Refi N N 0
33721994 6 Purchase N N 0
33099177 6 Purchase N Y 60
33829680 6 C/O Refi N Y 60
34010264 6 R/T Refi N N 0
33751991 6 Purchase N Y 60
34049239 6 R/T Refi N Y 60
34024653 6 Purchase N N 0
34191353 6 X/X Xxxx X X 00
00000000 0 X/X Xxxx X Y 60
33215716 6 C/O Refi N Y 60
34025163 6 Purchase N N 0
33477308 6 Purchase N Y 60
33992249 6 C/O Refi N N 0
34120055 6 C/O Refi N Y 60
34205104 6 Purchase N N 0
33458332 6 Purchase N N 0
33839754 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx N Y 60
D-1-15
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
34323386 LAKEWOOD 90712 CA Single Family Owner Occupied 12/25/1900 4/27/2004
33717067 ROMEOVILLE 60446 IL Single Family Owner Occupied 12/25/1900 4/23/2004
34025692 XXXXXXX 2149 MA Condo Owner Occupied 12/25/1900 4/29/2004
33455999 DOVER 7801 NJ Single Family Owner Occupied 12/25/1900 4/26/2004
33834953 DESERT HOT SPRINGS 92240 CA Single Family Owner Occupied 12/25/1900 4/14/2004
33991225 HOMESTEAD 33032 FL Single Family Owner Occupied 12/25/1900 4/29/2004
33475419 SAN DIEGO 92115 CA Condo Non-Owner Occupied 12/25/1900 4/21/2004
33743006 ANACORTES 98221 WA Single Family Owner Occupied 12/25/1900 4/2/2004
33092560 ATTLEBORO 2703 MA Condo Owner Occupied 12/25/1900 4/30/2004
33828799 WEST COVINA 91790 CA Single Family Owner Occupied 12/25/1900 4/26/2004
34113894 XXXXXX VALLEY 92553 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33357039 CHARLOTTE 28270 NC Single Family Owner Occupied 12/25/1900 4/26/2004
33711730 CROWN POINT 46307 IN Single Family Owner Occupied 12/25/1900 4/30/2004
34062257 LAS VEGAS 89123 NV PUD Owner Occupied 12/25/1900 4/27/2004
34183673 XXXXXXXX 38135 TN Single Family Owner Occupied 360 4/23/2004
34086256 PALMDALE 93552 CA Single Family Owner Occupied 12/25/1900 4/14/2004
34127761 PARMA HEIGHTS 44130 OH Single Family Owner Occupied 12/25/1900 4/26/2004
34222042 ALBUQUERQUE 87120 NM PUD Owner Occupied 12/25/1900 4/27/2004
34114785 COLTON 92324 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33529207 GREENSBURG 15601 PA Single Family Owner Occupied 12/25/1900 4/16/2004
33793118 OAKLEY 94561 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33841362 MENTONE 92359 CA Single Family Owner Occupied 12/25/1900 4/21/2004
34204586 XXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/28/2004
33746793 COLFAX 98111 WA Single Family Owner Occupied 12/25/1900 4/19/2004
34025072 NEW LONDON 6320 CT Multi Family - 2 Units Owner Occupied 12/25/1900 4/29/2004
34263293 LEAGUE CITY 77573 TX PUD Owner Occupied 12/25/1900 4/30/2004
33470246 RIVERSIDE 92505 CA Condo Owner Occupied 12/25/1900 4/21/2004
34089672 LOS ANGELES 90059 CA Single Family Owner Occupied 12/25/1900 4/21/2004
34107557 CHINO HILLS 91709 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33890005 WALDORF 20602 MD PUD Owner Occupied 12/25/1900 4/23/2004
33926395 CONNEAUT 44030 OH Single Family Owner Occupied 12/25/1900 4/26/2004
34190686 MEMPHIS 38118 TN Single Family Owner Occupied 12/25/1900 4/23/2004
33358250 XXXXXXX XXXXX 00000 NC Single Family Owner Occupied 12/25/1900 4/28/2004
33477530 CANOGA PARK AREA 91304 CA Condo Owner Occupied 12/25/1900 4/23/2004
33835117 BEAUMONT 92223 CA Single Family Owner Occupied 12/25/1900 4/26/2004
0000000000 FAIRVIEW 37062 TN Single Family Owner Occupied 12/25/1900 4/26/2004
33986878 HIALEAH 33012 FL Condo Owner Occupied 12/25/1900 4/20/2004
33827197 RIVERISDE 92506 CA Single Family Owner Occupied 12/25/1900 4/22/2004
34116046 NORCO 92860 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33456203 NORTH WALES 19454 PA Single Family Owner Occupied 12/25/1900 4/22/2004
34167213 XXXXXXX XXXXXXXX 00000 IL Single Family Owner Occupied 12/25/1900 4/28/2004
34023176 BRAINTREE 2184 MA Single Family Owner Occupied 12/25/1900 4/19/2004
33238841 LAS VEGAS 89110 NV Single Family Owner Occupied 12/25/1900 4/19/2004
33529033 XXXXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/21/2004
34187732 WINSTON 30187 GA Single Family Owner Occupied 12/25/1900 4/23/2004
33172016 BAY CITY 48708 MI Single Family Owner Occupied 12/25/1900 4/26/2004
33568288 PORTLAND 97217 OR Single Family Owner Occupied 12/25/1900 4/22/2004
34103754 LAKEWOOD 90712 CA Single Family Owner Occupied 12/25/1900 4/19/2004
34165878 CHICAGO 60649 IL Multi Family - 2 Units Owner Occupied 12/25/1900 4/26/2004
34027359 WORCESTER 1604 MA Single Family Owner Occupied 12/25/1900 4/26/2004
34056366 XXXXX 75002 TX Single Family Owner Occupied 12/25/1900 4/30/2004
34222182 XXXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 4/20/2004
33849811 SOUTH JORDAN 84095 UT Single Family Owner Occupied 12/25/1900 4/21/2004
33790957 SAN PABLO 94806 CA PUD Owner Occupied 12/25/1900 4/13/2004
33835802 COLTON 92324 CA PUD Owner Occupied 12/25/1900 4/8/2004
33992041 XXXX XXXXXXXXXX 00000 FL Multi Family - 2 Units Non-Owner Occupied 12/25/1900 4/29/2004
34135996 XXXXXX 43028 OH Single Family Owner Occupied 12/25/1900 4/21/2004
33886920 GAITHERSBURG 20886 MD Condo Owner Occupied 12/25/1900 4/22/2004
33951765 MURRIETA 92563 CA Single Family Owner Occupied 12/25/1900 4/19/2004
34117432 SANTA XXX 92707 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33914607 XXXXXX 34667 FL PUD Owner Occupied 12/25/1900 4/30/2004
34191155 CUMMING 30041 GA PUD Owner Occupied 12/25/1900 4/30/2004
4000140968 GILROY 95020 CA PUD Owner Occupied 12/25/1900 4/19/2004
33921313 XXXXXXXXX XXXXXXX 00000 FL Condo Owner Occupied 12/25/1900 4/23/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
34323386 6/1/2004 5/1/2034 359 293500 293500 5.625 1,375.78 6/1/2004 79.99454892 0-29
33717067 6/1/2004 5/1/2034 359 109200 109033.29 7.375 754.22 6/1/2004 70 0-29
34025692 6/1/2004 5/1/2034 358 284000 283998.33 4.75 1,124.17 7/1/2004 80 0-29
33455999 6/1/2004 5/1/2034 359 257000 256521 6.375 1,603.35 6/1/2004 91.78571429 0-29
33834953 6/1/2004 5/1/2034 358 120000 119981.82 5.875 587.50 7/1/2004 80 0-29
33991225 6/1/2004 5/1/2034 359 161950 161656.39 6.5 1,023.64 6/1/2004 89.97722096 0-29
33475419 6/1/2004 5/1/2034 359 279000 278961.25 6.5 1,511.25 6/1/2004 90 0-29
33743006 6/1/2004 5/1/2034 359 157500 157500 7.375 967.97 6/1/2004 90 0-29
33092560 6/1/2004 5/1/2034 358 199900 199623.94 7.875 1,449.42 7/1/2004 99.99949975 0-29
33828799 6/1/2004 5/1/2034 359 194700 194221.04 6.875 1,279.05 6/1/2004 62.80645161 0-29
34113894 6/1/2004 5/1/2034 359 132000 132000 5.99 658.90 6/1/2004 80 0-29
33357039 6/1/2004 5/1/2034 358 200000 199518.36 5 1,073.65 7/1/2004 67.34006734 0-29
33711730 6/1/2004 5/1/2034 359 168050 167752.64 6.625 1,076.05 6/1/2004 94.99717354 0-29
34062257 6/1/2004 5/1/2034 359 280000 280000 6.5 1,516.67 6/1/2004 80 0-29
34183673 6/1/2004 5/1/2034 12/24/1900 75920 75920 6.625 419.14 6/1/2004 3/20/1900 0-29
34086256 6/1/2004 5/1/2034 359 105000 105000 7.125 623.44 6/1/2004 55.26315789 0-29
34127761 6/1/2004 5/1/2034 359 170100 170100 6.375 903.66 6/1/2004 90 0-29
34222042 6/1/2004 5/1/2034 358 142400 142392.73 6.75 801.00 7/1/2004 79.81749595 0-29
34114785 6/1/2004 5/1/2034 358 196000 196000 5.25 857.50 7/1/2004 80 0-29
33529207 6/1/2004 5/1/2034 358 63750 63619.25 7.25 434.89 7/1/2004 85 0-29
33793118 6/1/2004 5/1/2034 359 281600 281598.97 5.75 1,349.33 6/1/2004 80 0-29
33841362 6/1/2004 5/1/2034 359 192000 192000 4.875 780.00 6/1/2004 80 0-29
34204586 6/1/2004 5/1/2034 358 303700 303700 6.75 1,708.31 7/1/2004 94.9953081 0-29
33746793 6/1/2004 5/1/2034 359 109565 109565 6.625 604.89 6/1/2004 85 0-29
34025072 6/1/2004 5/1/2034 358 135200 135200 5.875 661.92 7/1/2004 80 0-29
34263293 6/1/2004 5/1/2034 359 127850 127850 5.375 572.66 6/1/2004 79.97422809 0-29
33470246 6/1/2004 5/1/2034 359 267950 267333.94 5.25 1,479.64 6/1/2004 79.99390978 0-29
34089672 6/1/2004 5/1/2034 359 180000 179738.61 7.625 1,274.03 6/1/2004 100 0-29
34107557 6/1/2004 5/1/2034 359 204000 204000 4.99 848.30 6/1/2004 80 0-29
33890005 6/1/2004 5/1/2034 359 253500 253500 6.625 1,399.53 6/1/2004 94.94382022 0-29
33926395 6/1/2004 5/1/2034 359 68000 67890.92 7.125 458.13 6/1/2004 80 0-29
34190686 6/1/2004 5/1/2034 359 67200 67200 5.875 329.00 6/1/2004 80 0-29
33358250 6/1/2004 5/1/2034 358 99750 99734.49 7.125 592.27 7/1/2004 95 0-29
33477530 6/1/2004 5/1/2034 358 153750 153412.65 5.5 872.98 7/1/2004 75 0-29
33835117 6/1/2004 5/1/2034 358 183950 183950 5.625 862.27 7/1/2004 79.99565123 0-29
0000000000 6/1/2004 5/1/2034 359 100000 99775.39 5.375 559.97 6/1/2004 80 0-29
33986878 6/1/2004 5/1/2034 359 76500 76500 7.99 509.36 6/1/2004 85 0-29
33827197 6/1/2004 5/1/2034 359 220000 220000 6.375 1,168.75 6/1/2004 78.57142857 0-29
34116046 6/1/2004 5/1/2034 359 217000 216999.6 6.25 1,130.21 6/1/2004 70 0-29
33456203 6/1/2004 5/1/2034 359 332100 331716.45 8.75 2,612.64 6/1/2004 90 0-29
34167213 7/1/2004 6/1/2034 360 99000 98931.87 7.875 717.82 7/1/2004 68.27586207 0-29
34023176 6/1/2004 5/1/2034 358 271000 270421.13 6.5 1,712.91 7/1/2004 63.31775701 0-29
33238841 6/1/2004 5/1/2034 359 136800 136799.83 8.125 926.25 6/1/2004 90 0-29
33529033 6/1/2004 5/1/2034 359 94500 94372.33 8 693.41 6/1/2004 90 0-29
34187732 6/1/2004 5/1/2034 359 256500 256078.25 7 1,706.51 6/1/2004 90 0-29
33172016 6/1/2004 5/1/2034 359 74200 74200 6.75 417.38 6/1/2004 80 0-29
33568288 6/1/2004 5/1/2034 359 114600 114572.54 5.75 549.13 6/1/2004 80 0-29
34103754 6/1/2004 5/1/2034 359 316000 316000 4.99 1,314.03 6/1/2004 80 0-29
34165878 6/1/2004 5/1/2034 359 167850 167850 7.75 1,084.03 6/1/2004 90 0-29
34027359 6/1/2004 5/1/2034 359 186500 186036.02 6.125 1,133.20 6/1/2004 79.36170213 0-29
34056366 6/1/2004 5/1/2034 359 149900 149671.16 7.375 1,035.33 6/1/2004 100 0-29
34222182 6/1/2004 5/1/2034 359 127200 127200 6.5 689.00 6/1/2004 80 0-29
33849811 6/1/2004 5/1/2034 359 253000 253000 6.75 1,423.13 6/1/2004 93.01470588 0-29
33790957 6/1/2004 5/1/2034 359 317500 317500 4.625 1,223.70 6/1/2004 79.99496095 0-29
33835802 6/1/2004 5/1/2034 359 220500 220137.45 7 1,467.00 6/1/2004 90 0-29
33992041 6/1/2004 5/1/2034 359 119700 119700 7.375 735.66 6/1/2004 90 0-29
34135996 6/1/2004 5/1/2034 359 85000 84893.95 8.375 646.07 6/1/2004 85 0-29
33886920 6/1/2004 5/1/2034 359 126500 126500 7.5 790.63 6/1/2004 93.01470588 0-29
33951765 6/1/2004 5/1/2034 359 305600 305600 6.5 1,655.33 6/1/2004 80 0-29
34117432 6/1/2004 5/1/2034 359 292500 291706.08 6.125 1,777.27 6/1/2004 78 0-29
33914607 6/1/2004 5/1/2034 358 104900 104714.38 6.625 671.69 7/1/2004 77.76130467 0-29
34191155 6/1/2004 5/1/2034 359 211845 211845 5.5 970.96 6/1/2004 79.99977342 0-29
4000140968 6/1/2004 5/1/2034 359 304000 304000 5.875 1,488.33 6/1/2004 80 0-29
33921313 6/1/2004 5/1/2034 358 62550 62550 8.99 468.60 7/1/2004 90 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
34323386 6ML 3.875 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
33717067 6ML 4.25 3 7.375 13.375 1/0/1900 None 5/1/2006 6
34025692 6ML 3.875 3 4.75 10.75 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33455999 6ML 5.75 3 6.375 12.375 1/0/1900 None 5/1/2006 6
33834953 6ML 4.25 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
33991225 6ML 4.75 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33475419 6ML 4.625 3 6.5 12.5 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
33743006 6ML 6.125 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33092560 6ML 5.375 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33828799 6ML 5.25 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34113894 6ML 4.375 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33357039 6ML 3.5 3 5 11 1/0/1900 None 5/1/2006 6
33711730 6ML 6 3 6.625 12.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34062257 6ML 5.125 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34183673 6ML 4.5 3 6.625 12.625 24 6 mo.s interest less 20% xxxx 5/1/2009 1/6/1900
34086256 6ML 4.625 3 7.125 13.125 1/12/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
34127761 6ML 5.5 3 6.375 12.375 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34222042 6ML 4.625 3 6.75 12.75 1/0/1900 None 5/1/2009 6
34114785 6ML 3.75 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33529207 6ML 5.875 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33793118 6ML 4.25 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33841362 6ML 3.875 3 4.875 10.875 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34204586 6ML 6.125 3 6.75 12.75 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
33746793 6ML 5.25 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34025072 6ML 4.125 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34263293 6ML 4.25 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
33470246 6ML 4.25 3 5.25 11.25 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
34089672 6ML 5.375 3 7.625 13.625 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
34107557 6ML 3.5 3 4.99 10.99 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33890005 6ML 5.5 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33926395 6ML 5.5 3 7.125 13.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34190686 6ML 4.5 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33358250 6ML 5.875 3 7.125 13.125 1/0/1900 None 5/1/2006 6
33477530 6ML 3.5 3 5.5 11.5 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
33835117 6ML 3.25 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
0000000000 6ML 4.625 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33986878 6ML 6.125 3 7.99 13.99 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33827197 6ML 4.375 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
34116046 6ML 4.625 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33456203 6ML 7.5 3 8.75 14.75 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34167213 6ML 6.125 3 7.875 13.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 6/1/2006 6
34023176 6ML 5 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33238841 6ML 6.625 3 8.125 14.125 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33529033 6ML 6.5 3 8 14 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34187732 6ML 6.25 3 7 13 1/0/1900 None 5/1/2006 6
33172016 6ML 5.625 3 6.75 12.75 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33568288 6ML 3.75 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
34103754 6ML 3.5 3 4.99 10.99 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34165878 6ML 6.5 3 7.75 13.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34027359 6ML 5.125 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34056366 6ML 5.375 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34222182 6ML 4.75 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33849811 6ML 5.5 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33790957 6ML 3.625 3 4.625 10.625 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33835802 6ML 5 3 7 13 2/5/1900 6 mo.s interest less 20% xxxx 5/1/2007 6
33992041 6ML 5.375 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34135996 6ML 6.625 3 8.375 14.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33886920 6ML 5.25 3 7.5 13.5 1/0/1900 None 5/1/2007 6
33951765 6ML 5.125 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34117432 6ML 5 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
33914607 6ML 3.625 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
34191155 6ML 3.625 3 5.5 11.5 1/0/1900 None 5/1/2009 6
4000140968 6ML 3.875 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2009 6
33921313 6ML 7.25 3 8.99 14.99 1/24/1900 6 mo.s interest less 20% xxxx 5/1/2006 6
PAYMENT
RESET ORIGINAL
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------------------
34323386 6 Purchase N Y 60
33717067 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33455999 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33991225 6 Purchase N N 0
33475419 6 Purchase N Y 60
33743006 6 C/O Refi N Y 60
33092560 6 Purchase N N 0
33828799 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33357039 6 C/O Refi N N 0
33711730 6 Purchase N N 0
34062257 6 Purchase N Y 60
34183673 6 Purchase N Y 60
34086256 6 C/O Refi N Y 60
34127761 6 R/T Refi N Y 60
34222042 6 Purchase N Y 60
34114785 6 Purchase N Y 60
33529207 6 C/O Refi N N 0
33793118 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
34204586 6 Purchase N Y 60
33746793 6 Purchase N Y 60
34025072 6 Purchase N Y 60
34263293 6 Purchase N Y 60
33470246 6 Purchase N N 0
34089672 6 Purchase N N 0
34107557 6 Purchase N Y 60
33890005 6 C/O Refi N Y 60
33926395 6 Purchase N N 0
34190686 6 Purchase N Y 60
33358250 6 Purchase N Y 60
33477530 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
0000000000 6 X/X Xxxx X X 0
00000000 0 X/X Xxxx X Y 60
33827197 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33456203 6 C/O Refi N N 0
34167213 6 C/O Refi N N 0
34023176 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33529033 6 C/O Refi N N 0
34187732 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33568288 6 Purchase N Y 60
34103754 6 Purchase N Y 60
34165878 6 Purchase N Y 60
34027359 6 C/O Refi N N 0
34056366 6 Purchase N N 0
34222182 6 C/O Refi N Y 60
33849811 6 R/T Refi N Y 60
33790957 6 Purchase N Y 60
33835802 6 Purchase 3/27 Dividend Loan N 0
33992041 6 Purchase N Y 60
34135996 6 C/O Refi N N 0
33886920 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
34117432 6 C/O Refi N N 0
33914607 6 Purchase N N 0
34191155 6 Purchase N Y 60
4000140968 6 Purchase N Y 60
33921313 6 Purchase N Y 60
D-1-16
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
34092270 SAN DIMAS 91773 CA Single Family Owner Occupied 12/25/1900 4/26/2004
34203000 LAKE CRYSTAL 56055 MN Single Family Owner Occupied 12/25/1900 4/26/2004
33886870 UPPER MARLBORO 20772 MD PUD Owner Occupied 12/25/1900 4/22/2004
34120105 REDLANDS 92374 CA Single Family Second Home 12/25/1900 4/22/2004
33947219 HENDERSON 89074 NV PUD Owner Occupied 12/25/1900 4/22/2004
34186544 AUSTELL 30168 GA Single Family Owner Occupied 12/25/1900 4/19/2004
4000142439 SAN XXXX 95124 CA Condo Owner Occupied 12/25/1900 4/22/2004
33478819 XXXXXXX OAKS AREA 91403 CA Condo Owner Occupied 12/25/1900 4/27/2004
33719816 CRYSTAL LAKE 60014 IL Single Family Owner Occupied 12/25/1900 4/29/2004
33357500 BOILING SPRINGS 29316 SC Single Family Owner Occupied 12/25/1900 4/30/2004
34191361 FAYETTEVILLE 30215 GA Single Family Owner Occupied 12/25/1900 4/26/2004
33883455 BALTIMORE 21214 MD Single Family Owner Occupied 12/25/1900 4/29/2004
33718388 CHICAGO 60659 IL Single Family Owner Occupied 12/25/1900 4/20/2004
33791989 XXXXXXXXX 00000 CA PUD Owner Occupied 12/25/1900 4/21/2004
33917063 APOPKA 32703 FL PUD Owner Occupied 12/25/1900 4/30/2004
33746579 ARLINGTON 98223 WA Single Family Owner Occupied 12/25/1900 4/20/2004
34111716 XXXXXXXX 00000 XX Multi Family - 4 Units Owner Occupied 12/25/1900 4/21/2004
33100231 FRAMINGHAM 1701 MA Single Family Owner Occupied 12/25/1900 4/30/2004
31143001 XXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/27/2004
34008219 PLANO 75025 TX Single Family Owner Occupied 360 4/16/2004
4000140405 STOCKTON 95207 CA Single Family Owner Occupied 12/25/1900 4/16/2004
34129007 WEST XXXXXXX 45069 OH Single Family Owner Occupied 12/25/1900 4/30/2004
33474461 XXXX XXXXXXXXX AREA 93532 CA Single Family Owner Occupied 12/25/1900 4/12/2004
33520206 LOS ANGELES 90061 CA Single Family Owner Occupied 12/25/1900 4/13/2004
4000135070 INDIO 92201 CA Single Family Owner Occupied 12/25/1900 4/19/2004
34183509 XXXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/22/2004
33916610 PENSACOLA 32526 FL Single Family Owner Occupied 12/25/1900 4/28/2004
32915837 XXX 84067 UT Single Family Owner Occupied 12/25/1900 4/19/2004
34204925 SAVAGE 55378 MN Single Family Owner Occupied 12/25/1900 4/21/2004
33749649 BELLEVUE 98004 WA Single Family Owner Occupied 12/25/1900 4/20/2004
4000128768 XXXXXXXX XXXXXXX 00000 CO Single Family Owner Occupied 12/25/1900 4/28/2004
34119370 DOWNEY 90242 CA Single Family Owner Occupied 12/25/1900 4/23/2004
34027474 PLYMOUTH 2360 MA Single Family Owner Occupied 12/25/1900 4/26/2004
4000142052 STERLING 20164 VA Condo Non-Owner Occupied 12/25/1900 4/28/2004
4000141047 XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/19/2004
34185777 DOUGLASVILLE 30134 GA Single Family Second Home 12/25/1900 4/29/2004
34129106 DILLSBORO 47018 IN Single Family Owner Occupied 12/25/1900 4/27/2004
34054510 NORTH RICHLAND HILLS 76180 TX Single Family Owner Occupied 12/25/1900 4/29/2004
33832288 LOS ANGELES 90032 CA Single Family Owner Occupied 12/25/1900 4/14/2004
34082305 LOS ANGELES 90043 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33454570 ELIZABETHTOWN 17022 PA Single Family Owner Occupied 12/25/1900 4/19/2004
34088708 LONG BEACH 90807 CA Single Family Owner Occupied 12/25/1900 4/16/2004
34011981 PEARLAND 77581 TX PUD Owner Occupied 12/25/1900 4/23/2004
34054908 XXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/30/2004
33892605 LUTHERVILLE TIMONIUM 21093 MD Single Family Owner Occupied 12/25/1900 4/30/2004
34202135 BLUE EARTH 56013 MN Single Family Owner Occupied 12/25/1900 4/23/2004
32975690 INDEPENDENCE 64050 MO Single Family Owner Occupied 12/25/1900 4/22/2004
34091215 EL MONTE 91732 CA Single Family Owner Occupied 12/25/1900 4/26/2004
34027862 SALEM 3079 NH Condo Owner Occupied 12/25/1900 4/30/2004
34123257 XXXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/30/2004
32968299 XXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/21/2004
34202218 BUFFALO 55313 MN Single Family Owner Occupied 12/25/1900 4/26/2004
33955741 OCEANSIDE 92057 CA Condo Owner Occupied 12/25/1900 4/20/2004
34062828 LAS VEGAS 89142 NV Single Family Non-Owner Occupied 12/25/1900 4/28/2004
33099755 MIDDLETOWN 6457 CT Single Family Owner Occupied 12/25/1900 4/26/2004
33970344 AURORA 80013 CO Single Family Owner Occupied 12/25/1900 4/30/2004
33832759 SAN BERNARDINO 92410 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33792094 XXXXX 95376 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33955170 LOS BANOS 93635 CA Single Family Owner Occupied 12/25/1900 4/15/2004
34323873 CHINO 91710 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33718677 STONE PARK 60165 IL Single Family Owner Occupied 12/25/1900 4/26/2004
33358870 DAVIDSON 28036 NC PUD Owner Occupied 12/25/1900 4/30/2004
33914789 DELTONA 32738 FL Single Family Owner Occupied 12/25/1900 4/30/2004
33746397 OCEAN SHORES 98569 WA Single Family Owner Occupied 12/25/1900 4/20/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
34092270 6/1/2004 5/1/2034 358 264000 263420.74 5.5 1,498.97 7/1/2004 80 0-29
34203000 6/1/2004 5/1/2034 359 111000 110821.94 7.125 747.83 6/1/2004 76.55172414 0-29
33886870 6/1/2004 5/1/2034 359 212800 212799.17 6.125 1,086.17 6/1/2004 80 0-29
34120105 6/1/2004 5/1/2034 358 210000 210000 7.625 1,334.38 7/1/2004 84 0-29
33947219 6/1/2004 5/1/2034 359 266000 266000 7.25 1,607.08 6/1/2004 95 0-29
34186544 6/1/2004 5/1/2034 359 159600 159600 6.375 847.88 6/1/2004 95 0-29
4000142439 6/1/2004 5/1/2034 359 248000 248000 5 1,033.33 6/1/2004 80 0-29
33478819 6/1/2004 5/1/2034 359 213300 213300 5.99 1,064.72 6/1/2004 79.99249953 0-29
33719816 6/1/2004 5/1/2034 358 157050 156752.72 7.75 1,125.13 7/1/2004 90 0-29
33357500 6/1/2004 5/1/2034 358 106900 106796.86 7 623.58 7/1/2004 100 0-29
34191361 6/1/2004 5/1/2034 359 220000 220000 6.875 1,260.42 6/1/2004 92.43697479 0-29
33883455 6/1/2004 5/1/2034 359 71600 71503.58 8 525.38 6/1/2004 80 0-29
33718388 6/1/2004 5/1/2034 359 280000 279266.22 6.25 1,724.01 6/1/2004 62.73525721 0-29
33791989 6/1/2004 5/1/2034 359 288900 288900 5.625 1,354.22 6/1/2004 84.99683726 0-29
33917063 6/1/2004 5/1/2034 358 121400 121400 5 505.83 7/1/2004 79.97364954 0-29
33746579 6/1/2004 5/1/2034 358 145600 145399.58 5.125 621.83 7/1/2004 80 0-29
34111716 6/1/2004 5/1/2034 359 632000 632000 5.99 3,154.73 6/1/2004 80 0-29
33100231 6/1/2004 5/1/2034 359 296000 296000 6.125 1,510.83 6/1/2004 80 0-29
31143001 6/1/2004 5/1/2034 359 220000 220000 6.75 1,237.50 6/1/2004 93.22033898 0-29
34008219 6/1/2004 5/1/2034 12/24/1900 147000 146746.16 6.75 953.44 6/1/2004 3/20/1900 0-29
4000140405 6/1/2004 5/1/2034 359 188000 188000 5.5 861.67 6/1/2004 80 0-29
34129007 6/1/2004 5/1/2034 358 191000 190653.71 6.5 1,207.26 7/1/2004 100 0-29
33474461 6/1/2004 5/1/2034 359 247200 247200 4.99 1,027.94 6/1/2004 80 0-29
33520206 6/1/2004 5/1/2034 359 147750 147462.05 6.125 897.75 6/1/2004 75 0-29
4000135070 6/1/2004 5/1/2034 359 196000 196000 5.999 979.84 6/1/2004 80 0-29
34183509 6/1/2004 5/1/2034 359 79325 79325 7.5 495.78 6/1/2004 95 0-29
33916610 6/1/2004 5/1/2034 359 122450 122263.06 7.375 845.74 6/1/2004 94.99612102 0-29
32915837 6/1/2004 5/1/2034 359 105600 105417.57 6.75 684.92 6/1/2004 80 0-29
34204925 6/1/2004 5/1/2034 359 182400 182069.31 6.5 1,152.90 6/1/2004 95 0-29
33749649 6/1/2004 5/1/2034 359 292000 291989.61 6.125 1,490.42 6/1/2004 80 0-29
4000128768 6/1/2004 5/1/2034 359 158000 158000 5.625 740.63 6/1/2004 80 0-29
34119370 6/1/2004 5/1/2034 359 285000 284529.69 6.99 1,894.20 6/1/2004 68.34532374 0-29
34027474 6/1/2004 5/1/2034 359 165000 164611.73 5.125 898.41 6/1/2004 54.09836066 0-29
4000142052 6/1/2004 5/1/2034 358 198000 197999.99 6.625 1,093.13 7/1/2004 90 0-29
4000141047 6/1/2004 5/1/2034 359 241000 240943.52 5.625 1,129.69 6/1/2004 89.92537313 0-29
34185777 6/1/2004 5/1/2034 358 123165 122972.24 7.25 840.21 7/1/2004 85 0-29
34129106 6/1/2004 5/1/2034 359 95000 95000 6.625 524.48 6/1/2004 95 0-29
34054510 6/1/2004 5/1/2034 358 107900 107900 4.875 438.34 7/1/2004 79.9851742 0-29
33832288 6/1/2004 5/1/2034 359 196000 196000 5 816.67 6/1/2004 80 0-29
34082305 6/1/2004 5/1/2034 359 198400 198400 5.5 909.33 6/1/2004 80 0-29
33454570 6/1/2004 5/1/2034 359 76500 76383.22 7.375 528.37 6/1/2004 85.95505618 0-29
34088708 6/1/2004 5/1/2034 359 300000 299386.76 5.875 1,774.62 6/1/2004 74.07407407 0-29
34011981 6/1/2004 5/1/2034 358 126500 126259.3 6.25 778.89 7/1/2004 92.67399267 0-29
34054908 6/1/2004 5/1/2034 359 128000 128000 6.75 720.00 6/1/2004 80 0-29
33892605 6/1/2004 5/1/2034 359 240000 239933.75 6.625 1,325.00 6/1/2004 80 0-29
34202135 6/1/2004 5/1/2034 359 104000 103800.06 6.625 665.93 6/1/2004 79.38931298 0-29
32975690 6/1/2004 5/1/2034 359 76300 76202.35 8.25 573.22 6/1/2004 86.70454545 0-29
34091215 6/1/2004 5/1/2034 359 204000 204000 5.5 935.00 6/1/2004 80 0-29
34027862 6/1/2004 5/1/2034 359 85000 84856.77 6.875 558.39 6/1/2004 100 0-29
34123257 6/1/2004 5/1/2034 358 104000 104000 6 520.00 7/1/2004 80 0-29
32968299 6/1/2004 5/1/2034 359 143450 143208.27 6.875 942.37 6/1/2004 95 0-29
34202218 6/1/2004 5/1/2034 358 165750 165521.1 7.875 1,201.81 7/1/2004 85 0-29
33955741 6/1/2004 5/1/2034 358 239200 239200 5.5 1,096.33 7/1/2004 80 0-29
34062828 6/1/2004 5/1/2034 359 157500 157500 6.875 902.34 6/1/2004 90 0-29
33099755 6/1/2004 5/1/2034 359 200700 200443.14 8.25 1,507.80 6/1/2004 90 0-29
33970344 6/1/2004 5/1/2034 359 154050 154050 5.625 722.11 6/1/2004 79.98442368 0-29
33832759 6/1/2004 5/1/2034 359 195200 195200 6.125 996.33 6/1/2004 80 0-29
33792094 6/1/2004 5/1/2034 359 310000 310000 6.99 1,805.75 6/1/2004 100 0-29
33955170 6/1/2004 5/1/2034 359 208000 207592.17 6.25 1,280.70 6/1/2004 83.53413655 0-29
34323873 6/1/2004 5/1/2034 359 320000 320000 5.875 1,566.67 6/1/2004 80 0-29
33718677 6/1/2004 5/1/2034 359 141000 140832.9 8.625 1,096.69 6/1/2004 89.52380952 0-29
33358870 6/1/2004 5/1/2034 359 255075 254634.52 6.75 1,654.42 6/1/2004 95 0-29
33914789 6/1/2004 5/1/2034 359 91200 91200 5.75 437.00 6/1/2004 80 0-29
33746397 6/1/2004 5/1/2034 359 123200 123200 6.25 641.67 6/1/2004 80 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
34092270 6ML 4.375 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34203000 6ML 5.875 3 7.125 13.125 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
33886870 6ML 4.875 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34120105 6ML 5.75 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33947219 6ML 6.125 3 7.25 13.25 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
34186544 6ML 5.25 3 6.375 12.375 1/0/1900 None 5/1/2007 6
4000142439 6ML 3.75 3 5 11 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33478819 6ML 4.375 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33719816 6ML 6.75 3 7.75 13.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33357500 6ML 5.25 3 7 13 1/0/1900 None 5/1/2009 6
34191361 6ML 5.625 3 6.875 12.875 1/0/1900 None 5/1/2007 6
33883455 6ML 6.375 3 8 14 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33718388 6ML 4.375 3 6.25 12.25 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33791989 6ML 4.375 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33917063 6ML 3.625 3 5 11 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33746579 6ML 3.75 3 5.125 11.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
34111716 6ML 4.125 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33100231 6ML 4.75 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
31143001 6ML 5.5 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34008219 6ML 4.875 3 6.75 12.75 12 6 mo.s interest less 20% obal 5/1/2006 1/6/1900
4000140405 6ML 4 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34129007 6ML 5.75 3 6.5 12.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33474461 6ML 3.875 3 4.99 10.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33520206 6ML 4.75 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000135070 6ML 4.375 3 5.999 12 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
34183509 6ML 6.375 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33916610 6ML 6.375 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
32915837 6ML 5.375 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34204925 6ML 6 3 6.5 12.5 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
33749649 6ML 4.625 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
4000128768 6ML 4.5 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34119370 6ML 5.375 3 6.99 12.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34027474 6ML 3.75 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000142052 6ML 4.625 3 6.625 12.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
4000141047 6ML 4.75 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34185777 6ML 5.25 3 7.25 13.25 1/0/1900 None 5/1/2007 6
34129106 6ML 5.25 3 6.625 12.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34054510 6ML 3.375 3 4.875 10.875 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33832288 6ML 3.5 3 5 11 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34082305 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33454570 6ML 6.125 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34088708 6ML 4.625 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34011981 6ML 5.375 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34054908 6ML 4.625 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33892605 6ML 5.25 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34202135 6ML 5.375 3 6.625 12.625 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
32975690 6ML 6.75 3 8.25 14.25 1/24/1900 2% prepaid 5/1/2006 6
34091215 6ML 3.875 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34027862 6ML 5 3 6.875 12.875 1/0/1900 None 5/1/2006 6
34123257 6ML 4.5 3 6 12 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
32968299 6ML 5.75 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34202218 6ML 6.875 3 7.875 13.875 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
33955741 6ML 3.75 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34062828 6ML 5.125 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33099755 6ML 7.25 3 8.25 14.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33970344 6ML 4.25 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33832759 6ML 4.75 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33792094 6ML 5.5 3 6.99 12.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33955170 6ML 5.5 3 6.25 12.25 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
34323873 6ML 4.125 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33718677 6ML 6.75 3 8.625 14.625 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33358870 6ML 6.125 3 6.75 12.75 1/0/1900 None 5/1/2007 6
33914789 6ML 4.25 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33746397 6ML 4.5 3 6.25 12.25 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
34092270 6 C/O Refi N N 0
34203000 6 C/O Refi N N 0
33886870 6 Purchase N Y 60
34120105 6 C/O Refi N Y 60
33947219 6 C/O Refi N Y 60
34186544 6 C/O Refi N Y 60
4000142439 6 Purchase N Y 60
33478819 6 Purchase N Y 60
33719816 6 Purchase N N 0
33357500 6 Purchase N Y 60
34191361 6 C/O Refi N Y 60
33883455 6 Purchase N N 0
33718388 6 C/O Refi N N 0
33791989 6 Purchase N Y 60
33917063 6 Purchase N Y 60
33746579 6 Purchase N Y 60
34111716 6 Purchase N Y 60
33100231 6 Purchase N Y 60
31143001 6 C/O Refi N Y 60
34008219 6 R/T Refi N N 0
4000140405 6 C/O Refi N Y 60
34129007 6 Purchase N N 0
33474461 6 Purchase N Y 60
33520206 6 C/O Refi N N 0
4000135070 6 Purchase N Y 60
34183509 6 Purchase N Y 60
33916610 6 Purchase N N 0
32915837 6 Purchase N N 0
34204925 6 C/O Refi N N 0
33749649 6 Purchase N Y 60
4000128768 6 Purchase N Y 60
34119370 6 C/O Refi N N 0
34027474 6 C/O Refi N N 0
4000142052 6 Purchase N Y 60
4000141047 6 C/O Refi N Y 60
34185777 6 Purchase N N 0
34129106 6 C/O Refi N Y 60
34054510 6 Purchase N Y 60
33832288 6 Purchase N Y 60
34082305 6 Purchase N Y 60
33454570 6 C/O Refi N N 0
34088708 6 C/O Refi N N 0
34011981 6 Purchase N N 0
34054908 6 Purchase N Y 60
33892605 6 Purchase N Y 60
34202135 6 C/O Refi N N 0
32975690 6 C/O Refi N N 0
34091215 6 R/T Refi N Y 60
34027862 6 Purchase N N 0
34123257 6 Purchase N Y 60
32968299 6 C/O Refi N N 0
34202218 6 C/O Refi N N 0
33955741 6 Purchase N Y 60
34062828 6 Purchase N Y 60
33099755 6 Purchase N N 0
33970344 6 Purchase N Y 60
33832759 6 Purchase N Y 60
33792094 6 C/O Refi N Y 60
33955170 6 C/O Refi N N 0
34323873 6 Purchase N Y 60
33718677 6 C/O Refi N N 0
33358870 6 Purchase N N 0
33914789 6 Purchase N Y 60
33746397 6 Purchase N Y 60
D-1-17
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
34088161 CHINO HILLS 91709 CA Condo Owner Occupied 12/25/1900 4/14/2004
33594508 SOMERVILLE 77879 TX Single Family Second Home 12/25/1900 4/30/2004
33914227 ORLANDO 32832 FL PUD Owner Occupied 12/25/1900 4/30/2004
33820259 LULA 30554 GA Single Family Owner Occupied 12/25/1900 4/27/2004
33372749 YSPILANTI 48198 MI Single Family Owner Occupied 12/25/1900 4/29/2004
33957515 HAYWARD 94542 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33767161 BOSTON 14127 NY Single Family Owner Occupied 12/25/1900 4/20/2004
34088468 NORTHRIDGE 91325 CA Single Family Owner Occupied 12/25/1900 4/21/2004
34002238 FRIENDSWOOD 77546 TX PUD Owner Occupied 12/25/1900 4/26/2004
33770199 MIDDLETOWN 10941 NY Single Family Owner Occupied 12/25/1900 5/3/2004
33915760 JACKSONVILLE 32225 FL Single Family Owner Occupied 12/25/1900 4/23/2004
33952235 CARLSBAD 92009 CA PUD Owner Occupied 12/25/1900 4/20/2004
34149153 VANCOUVER 98663 WA Single Family Owner Occupied 12/25/1900 4/21/2004
34145680 BEAVERTON 97006 OR Single Family Owner Occupied 12/25/1900 4/20/2004
34115956 COLORADO SPRINGS 80908 CO Single Family Owner Occupied 12/25/1900 4/20/2004
33841479 INDIO 92201 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33627696 SOUTHFIELD 48034 MI Single Family Owner Occupied 12/25/1900 4/22/2004
34148742 CAMAS 98607 WA PUD Owner Occupied 12/25/1900 4/16/2004
33372269 LINCOLN PARK 48146 MI Single Family Owner Occupied 12/25/1900 4/30/2004
34184721 LAWRENCEVILLE 30045 GA Single Family Owner Occupied 12/25/1900 4/21/2004
33862152 PORTAGE 53901 WI Single Family Owner Occupied 12/25/1900 4/30/2004
4000122139 PLEASANT HOPE 65725 MO Single Family Owner Occupied 12/25/1900 4/19/2004
33989021 MIAMI 33142 FL Single Family Owner Occupied 12/25/1900 4/26/2004
34244582 ORLANDO 32818 FL Condo Owner Occupied 12/25/1900 4/26/2004
33477605 LOS ANGELES 91331 CA Single Family Owner Occupied 12/25/1900 4/19/2004
34052241 ADDISON 75001 TX PUD Owner Occupied 12/25/1900 4/28/2004
33990961 WEST PALM BEACH 33411 FL PUD Owner Occupied 12/25/1900 4/23/2004
33891409 BURKE 22015 VA Single Family Owner Occupied 12/25/1900 4/28/2004
33827445 SAN BERNARDINO 92404 CA Single Family Owner Occupied 12/25/1900 4/6/2004
34011296 HOUSTON 77009 TX Condo Non-Owner Occupied 12/25/1900 4/27/2004
33685926 OAKDALE 95361 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33987595 GLEN ST. MARY'S 32040 FL Single Family Owner Occupied 12/25/1900 4/23/2004
34110627 SACRAMENTO 95833 CA Single Family Owner Occupied 12/25/1900 4/14/2004
33450875 BALA CYNWYD 19004 PA Single Family Owner Occupied 12/25/1900 4/26/2004
33787052 VALLEJO 94590 CA Single Family Owner Occupied 12/25/1900 4/14/2004
34053686 ROUND ROCK 78681 TX Single Family Non-Owner Occupied 12/25/1900 4/29/2004
34114413 CHINO 91710 CA Single Family Owner Occupied 12/25/1900 4/13/2004
33913906 ZEPHYRHILLS 33543 FL PUD Owner Occupied 12/25/1900 4/23/2004
33767476 APALACHIN T/O OWEGO 13732 NY Single Family Owner Occupied 12/25/1900 4/22/2004
33172404 DETROIT 48204 MI Single Family Owner Occupied 12/25/1900 4/20/2004
33882903 RIVA 21140 MD PUD Owner Occupied 12/25/1900 4/27/2004
33592742 HOUSTON 77045 TX Single Family Non-Owner Occupied 12/25/1900 4/21/2004
33825530 SUN CITY 92586 CA Single Family Owner Occupied 12/25/1900 4/13/2004
4000142763 MADERA 93638 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33356650 CORNELIUS 28031 NC PUD Owner Occupied 12/25/1900 4/30/2004
34024612 HOOKSETT 3106 NH Condo Owner Occupied 12/25/1900 4/29/2004
33991209 HOLLYWOOD 33024 FL Single Family Owner Occupied 12/25/1900 4/30/2004
33494741 SACRAMENTO 95838 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33569476 PORTLAND 97218 OR Single Family Owner Occupied 12/25/1900 4/14/2004
34003392 HOUSTON 77015 TX PUD Owner Occupied 12/25/1900 4/30/2004
33404146 COACHELLA 92236 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33849357 WEST VALLEY CITY 84120 UT Single Family Owner Occupied 12/25/1900 4/21/2004
33749334 EAST WENATCHEE 98802 WA Single Family Owner Occupied 12/25/1900 4/21/2004
34104299 LAS VEGAS 89130 NV PUD Owner Occupied 12/25/1900 4/14/2004
33832197 INGLEWOOD 90304 CA Single Family Owner Occupied 12/25/1900 4/16/2004
34092031 LANCASTER 93536 CA Single Family Owner Occupied 12/25/1900 4/22/2004
34049023 DALLAS 75219 TX Condo Owner Occupied 12/25/1900 4/30/2004
33992066 HIALEAH 33016 FL Condo Non-Owner Occupied 12/25/1900 4/27/2004
33793670 BYRON 94514 CA Condo Owner Occupied 12/25/1900 4/27/2004
33475690 OXNARD 93030 CA Single Family Owner Occupied 12/25/1900 4/22/2004
34119347 FULLERTON 92832 CA Single Family Owner Occupied 12/25/1900 4/23/2004
4000139425 ANTELOPE 95843 CA Single Family Owner Occupied 12/25/1900 4/13/2004
33525791 NELSONVILLE 45764 OH Single Family Owner Occupied 12/25/1900 4/26/2004
34118166 GARDENA 90249 CA Single Family Owner Occupied 12/25/1900 4/20/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
34088161 6/1/2004 5/1/2034 359 324000 323905.5 6.99 1,887.30 6/1/2004 90 0-29
33594508 6/1/2004 5/1/2034 359 108900 108704.59 6.625 697.30 6/1/2004 90 0-29
33914227 6/1/2004 5/1/2034 358 185100 185020.67 5.375 829.09 7/1/2004 79.98962857 0-29
33820259 6/1/2004 5/1/2034 359 92984 92984 6 464.92 6/1/2004 80 0-29
33372749 6/1/2004 5/1/2034 359 95900 95900 6.125 489.49 6/1/2004 79.98331943 0-29
33957515 6/1/2004 5/1/2034 359 301750 301087.91 5.5 1,713.31 6/1/2004 85 0-29
33767161 6/1/2004 5/1/2034 359 60000 59908.4 7.375 414.41 6/1/2004 44.7761194 0-29
34088468 6/1/2004 5/1/2034 359 318400 318400 5.625 1,492.50 6/1/2004 80 0-29
34002238 6/1/2004 5/1/2034 358 152500 152294.25 7.99 1,117.93 7/1/2004 89.99758039 0-29
33770199 6/1/2004 5/1/2034 359 297500 297089.16 7.875 2,157.09 6/1/2004 85 0-29
33915760 6/1/2004 5/1/2034 359 128000 128000 6.5 693.33 6/1/2004 80 0-29
33952235 6/1/2004 5/1/2034 359 260000 260000 6.375 1,381.25 6/1/2004 80 0-29
34149153 6/1/2004 5/1/2034 359 106400 106363.08 6.125 543.08 6/1/2004 80 0-29
34145680 6/1/2004 5/1/2034 359 164000 164000 5.625 768.75 6/1/2004 80 0-29
34115956 6/1/2004 5/1/2034 359 315000 314979.93 7.75 2,034.38 6/1/2004 87.5 0-29
33841479 6/1/2004 5/1/2034 358 331200 331117.34 5.99 1,653.24 7/1/2004 90 0-29
33627696 6/1/2004 5/1/2034 359 266000 265529.33 6.625 1,703.23 6/1/2004 95 0-29
34148742 6/1/2004 5/1/2034 358 171600 171600 5.25 750.75 7/1/2004 80 0-29
33372269 6/1/2004 5/1/2034 359 91200 91200 7.625 579.50 6/1/2004 95 0-29
34184721 6/1/2004 5/1/2034 359 140000 140000 5.75 670.83 6/1/2004 80 0-29
33862152 6/1/2004 5/1/2034 359 140000 139764.07 6.875 919.71 6/1/2004 80 0-29
4000122139 6/1/2004 5/1/2034 359 229500 229500 6.125 1,171.41 6/1/2004 90 0-29
33989021 6/1/2004 5/1/2034 359 99450 99450 7.25 600.84 6/1/2004 85 0-29
34244582 6/1/2004 5/1/2034 359 42750 42686.34 7.5 298.92 6/1/2004 95 0-29
33477605 6/1/2004 5/1/2034 359 245000 244499.2 5.875 1,449.27 6/1/2004 72.05882353 0-29
34052241 6/1/2004 5/1/2034 359 123600 123600 6.25 643.75 6/1/2004 80 0-29
33990961 6/1/2004 5/1/2034 359 175500 175336.84 6.75 987.19 6/1/2004 89.99307746 0-29
33891409 6/1/2004 5/1/2034 359 222400 222400 5.5 1,019.33 6/1/2004 80 0-29
33827445 6/1/2004 5/1/2034 358 197600 197600 6.5 1,070.33 7/1/2004 95 0-29
34011296 6/1/2004 5/1/2034 359 51200 51104.89 6.375 319.43 6/1/2004 80 0-29
33685926 6/1/2004 5/1/2034 359 157600 157600 5.75 755.17 6/1/2004 80 0-29
33987595 6/1/2004 5/1/2034 359 91800 91671.49 8.875 730.41 6/1/2004 90 0-29
34110627 6/1/2004 5/1/2034 359 141000 140738.11 6.375 879.66 6/1/2004 58.50622407 0-29
33450875 6/1/2004 5/1/2034 359 240200 240197.5 7.125 1,426.19 6/1/2004 48.04 0-29
33787052 6/1/2004 5/1/2034 358 300000 299824.62 5.25 1,312.50 7/1/2004 80 0-29
34053686 6/1/2004 5/1/2034 358 78350 78350 7.5 489.69 7/1/2004 89.95407577 0-29
34114413 6/1/2004 5/1/2034 359 312000 312000 5.25 1,365.00 6/1/2004 80 0-29
33913906 6/1/2004 5/1/2034 358 80000 80000 6.125 408.33 7/1/2004 79.20792079 0-29
33767476 6/1/2004 5/1/2034 359 30000 29950.66 7 199.60 6/1/2004 41.09589041 0-29
33172404 6/1/2004 5/1/2034 359 73150 72978.92 7.875 530.39 6/1/2004 95 0-29
33882903 6/1/2004 5/1/2034 359 308000 308000 5.625 1,443.75 6/1/2004 80 0-29
33592742 6/1/2004 5/1/2034 359 67200 67075.17 6.375 419.25 6/1/2004 80 0-29
33825530 6/1/2004 5/1/2034 359 220000 220000 6.5 1,191.67 6/1/2004 80 0-29
4000142763 6/1/2004 5/1/2034 359 126000 125760.28 6.25 775.80 6/1/2004 90 0-29
33356650 6/1/2004 5/1/2034 359 176100 175850.6 7.75 1,261.61 6/1/2004 99.99772861 0-29
34024612 6/1/2004 5/1/2034 358 162900 162669.3 7.75 1,167.04 7/1/2004 100 0-29
33991209 6/1/2004 5/1/2034 359 135000 134818.22 8 990.59 6/1/2004 100 0-29
33494741 6/1/2004 5/1/2034 359 193500 193225.98 7.75 1,386.26 6/1/2004 90 0-29
33569476 6/1/2004 5/1/2034 359 146200 145982.3 7.5 1,022.26 6/1/2004 74.97628144 0-29
34003392 6/1/2004 5/1/2034 359 97000 96839.18 8.625 754.46 6/1/2004 100 0-29
33404146 6/1/2004 5/1/2034 358 134350 134350 6.375 713.73 7/1/2004 79.98594962 0-29
33849357 6/1/2004 5/1/2034 356 70000 70000 4.875 284.38 9/1/2004 56 0-29
33749334 6/1/2004 5/1/2034 359 90000 90000 6.125 459.38 6/1/2004 80 0-29
34104299 6/1/2004 5/1/2034 359 232000 232000 6.25 1,208.33 6/1/2004 65.90909091 0-29
33832197 6/1/2004 5/1/2034 359 240550 240550 6.625 1,328.04 6/1/2004 85 0-29
34092031 6/1/2004 5/1/2034 359 271900 271900 5.625 1,274.53 6/1/2004 79.99411592 0-29
34049023 6/1/2004 5/1/2034 359 112000 111330.8 5.75 653.61 6/1/2004 65.11627907 0-29
33992066 6/1/2004 5/1/2034 359 120700 120700 6.99 703.08 6/1/2004 85 0-29
33793670 6/1/2004 5/1/2034 359 244400 244400 5.875 1,196.54 6/1/2004 80 0-29
33475690 6/1/2004 5/1/2034 359 320000 319472.83 6.99 2,126.82 6/1/2004 58.18181818 0-29
34119347 6/1/2004 5/1/2034 357 266500 264160.66 7.125 1,795.47 8/1/2004 65 0-29
4000139425 6/1/2004 5/1/2034 359 283100 283100 5.375 1,268.05 6/1/2004 79.99434869 0-29
33525791 6/1/2004 5/1/2034 359 57600 57528.13 8.375 437.81 6/1/2004 80 0-29
34118166 6/1/2004 5/1/2034 359 333500 333500 6.25 1,736.98 6/1/2004 89.41018767 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
34088161 6ML 5 3 6.99 12.99 1/0/1900 None 5/1/2006 6
33594508 6ML 5.5 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33914227 6ML 4 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33820259 6ML 4.375 3 6 12 1/0/1900 None 5/1/2006 6
33372749 6ML 4.625 3 6.125 12.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33957515 6ML 4.625 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33767161 6ML 5.625 3 7.375 13.375 1/0/1900 None 5/1/2006 6
34088468 6ML 4.25 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34002238 6ML 5.375 3 7.99 13.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33770199 6ML 5.375 3 7.875 13.875 1/0/1900 None 5/1/2006 6
33915760 6ML 4.875 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33952235 6ML 4.75 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34149153 6ML 4 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
34145680 6ML 3.875 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
34115956 6ML 6.25 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33841479 6ML 5.125 3 5.99 11.99 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33627696 6ML 5.75 3 6.625 12.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34148742 6ML 4.125 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33372269 6ML 6.75 3 7.625 13.625 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34184721 6ML 4.125 1 5.75 11.75 1/0/1900 None 11/1/2004 6
33862152 6ML 4 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000122139 6ML 5.25 3 6.125 12.125 1/24/1900 2% prepaid 5/1/2006 6
33989021 6ML 5.75 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34244582 6ML 6.125 3 7.5 13.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33477605 6ML 4 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
34052241 6ML 4.25 3 6.25 12.25 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33990961 6ML 5.875 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33891409 6ML 3.625 3 5.5 11.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33827445 6ML 5.75 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34011296 6ML 4.5 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33685926 6ML 4.375 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33987595 6ML 7.375 3 8.875 14.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34110627 6ML 4.5 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33450875 6ML 5.125 3 7.125 13.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33787052 6ML 3.75 3 5.25 11.25 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
34053686 6ML 4.5 3 7.5 13.5 1/0/1900 None 5/1/2009 6
34114413 6ML 3.375 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33913906 6ML 4.625 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33767476 6ML 4.5 3 7 13 1/0/1900 None 5/1/2006 6
33172404 6ML 7 3 7.875 13.875 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33882903 6ML 4.375 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33592742 6ML 5.125 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33825530 6ML 5.125 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000142763 6ML 5.375 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33356650 6ML 5.5 3 7.75 13.75 1/0/1900 None 5/1/2007 6
34024612 6ML 5.25 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33991209 6ML 5 3 8 14 1/0/1900 None 5/1/2006 6
33494741 6ML 6.25 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33569476 6ML 5.125 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34003392 6ML 6.125 3 8.625 14.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33404146 6ML 4.375 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33849357 6ML 3 1 4.875 10.875 1/24/1900 6 mo.s interest less 20% obal 11/1/2004 6
33749334 6ML 4.125 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
34104299 6ML 4.625 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33832197 6ML 5.5 3 6.625 12.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
34092031 6ML 4.375 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34049023 6ML 4.125 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33992066 6ML 4.875 3 6.99 12.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33793670 6ML 4.25 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33475690 6ML 5 3 6.99 12.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34119347 6ML 5.5 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000139425 6ML 4 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33525791 6ML 6.5 3 8.375 14.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34118166 6ML 5.25 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
34088161 6 C/O Refi N Y 60
33594508 6 Purchase N N 0
33914227 6 Purchase N Y 60
33820259 6 Purchase N Y 60
33372749 6 Purchase N Y 60
33957515 6 C/O Refi N N 0
33767161 6 C/O Refi N N 0
34088468 6 Purchase N Y 60
34002238 6 Purchase N N 0
33770199 6 Purchase N N 0
33915760 6 Purchase N Y 60
33952235 6 C/O Refi N Y 60
34149153 6 Purchase N Y 60
34145680 6 Purchase N Y 60
34115956 6 C/O Refi N Y 60
33841479 6 Purchase N Y 60
33627696 6 C/O Refi N N 0
34148742 6 Purchase N Y 60
33372269 6 Purchase N Y 60
34184721 6 C/O Refi N Y 60
33862152 6 Purchase N N 0
4000122139 6 R/T Refi N Y 60
33989021 6 Purchase N Y 60
34244582 6 C/O Refi N N 0
33477605 6 C/O Refi N N 0
34052241 6 Purchase N Y 60
33990961 6 Purchase N Y 60
33891409 6 Purchase N Y 60
33827445 6 Purchase N Y 60
34011296 6 C/O Refi N N 0
33685926 6 Purchase N Y 60
33987595 6 C/O Refi N N 0
34110627 6 C/O Refi N N 0
33450875 6 R/T Refi N Y 60
33787052 6 Purchase N Y 60
34053686 6 Purchase N Y 60
34114413 6 Purchase N Y 60
33913906 6 Purchase N Y 60
33767476 6 C/O Refi N N 0
33172404 6 C/O Refi N N 0
33882903 6 Purchase N Y 60
33592742 6 C/O Refi N N 0
33825530 6 Purchase N Y 60
4000142763 6 R/T Refi N N 0
33356650 6 Purchase N N 0
34024612 6 Purchase N N 0
33991209 6 Purchase N N 0
33494741 6 C/O Refi N N 0
33569476 6 Purchase N N 0
34003392 6 Purchase N N 0
33404146 6 Purchase N Y 60
33849357 6 C/O Refi N Y 60
33749334 6 Purchase N Y 60
34104299 6 C/O Refi N Y 60
33832197 6 C/O Refi N Y 60
34092031 6 Purchase N Y 60
34049023 6 Purchase N N 0
33992066 6 Purchase N Y 60
33793670 6 Purchase N Y 60
33475690 6 C/O Refi N N 0
34119347 6 R/T Refi N N 0
4000139425 6 Purchase N Y 60
33525791 6 C/O Refi N N 0
34118166 6 C/O Refi N Y 60
D-1-18
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33829037 BIG BEAR CITY 92314 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33597865 KATY 77493 TX Single Family Owner Occupied 12/25/1900 4/22/2004
33891078 UPPER MARLBORO 20772 MD Single Family Owner Occupied 12/25/1900 4/26/2004
34243899 ORLANDO 32810 FL Single Family Owner Occupied 12/25/1900 4/26/2004
34186726 MACON 31206 GA Single Family Owner Occupied 12/25/1900 4/23/2004
33956160 HEMET 92545 CA Single Family Owner Occupied 12/25/1900 4/27/2004
34153775 PORTLAND 97236 OR PUD Owner Occupied 12/25/1900 4/27/2004
33839788 MENIFEE 92584 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33577206 HILLSBORO 97123 OR PUD Owner Occupied 12/25/1900 4/15/2004
34117754 LA HABRA 90631 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33969320 AURORA 80014 CO PUD Owner Occupied 12/25/1900 4/23/2004
33950221 MURRIETA 92562 CA Single Family Owner Occupied 12/25/1900 4/19/2004
34122820 BRAZIL 47834 IN Single Family Owner Occupied 12/25/1900 4/21/2004
33958935 FRESNO 93705 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33727660 MISSION VIEJO 92691 CA Condo Owner Occupied 12/25/1900 4/15/2004
32836348 ONTARIO 91761 CA Single Family Owner Occupied 12/25/1900 4/2/2004
33720285 CHICAGO 60622 IL Multi Family - 2 Units Owner Occupied 12/25/1900 4/22/2004
33829318 COLTON 92324 CA Single Family Owner Occupied 12/25/1900 4/19/2004
33836644 CORONA 92882 CA PUD Owner Occupied 12/25/1900 4/19/2004
34053843 FORT WORTH 76108 TX Single Family Owner Occupied 12/25/1900 4/28/2004
33233537 LAS VEGAS 89144 NV PUD Owner Occupied 12/25/1900 4/8/2004
33340175 SAN DIMAS 91773 CA PUD Owner Occupied 12/25/1900 4/19/2004
33477555 BAKERSFIELD 93306 CA Single Family Owner Occupied 12/25/1900 5/13/2004
34118281 MORENO VALLEY 92555 CA PUD Owner Occupied 12/25/1900 4/29/2004
34118489 WHITTIER 90604 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33356361 CHARLOTTE 28227 NC Condo Owner Occupied 12/25/1900 4/27/2004
33456963 NORTH BERGEN 7047 NJ Condo Owner Occupied 12/25/1900 4/30/2004
34323097 WINCHESTER 92596 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33218736 SURPRISE 85379 AZ PUD Owner Occupied 12/25/1900 4/21/2004
33168956 HARRISON TWP 48045 MI Single Family Owner Occupied 12/25/1900 4/23/2004
34136614 COLUMBUS 43232 OH Condo Owner Occupied 12/25/1900 4/29/2004
4000108408 CLAREMONT 3743 NH Single Family Owner Occupied 12/25/1900 4/30/2004
33009572 LEBANON 46052 IN Single Family Owner Occupied 12/25/1900 4/26/2004
34182964 VILLA RICA 30180 GA Single Family Owner Occupied 12/25/1900 4/19/2004
33746140 TACOMA 98418 WA Single Family Owner Occupied 12/25/1900 4/16/2004
33888025 HAGERSTOWN 21742 MD PUD Owner Occupied 12/25/1900 4/16/2004
34095141 LOS ANGELES 90011 CA Multi Family - 2 Units Owner Occupied 12/25/1900 4/28/2004
33350778 LELAND 28451 NC Single Family Owner Occupied 12/25/1900 4/22/2004
33459991 SICKLERVILLE 8081 NJ Single Family Owner Occupied 12/25/1900 4/23/2004
34052407 DRIFTWOOD 78619 TX PUD Owner Occupied 12/25/1900 4/23/2004
34088831 LOS BANOS 93635 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33453747 BROOKLYN 11207 NY Multi Family - 2 Units Owner Occupied 12/25/1900 4/26/2004
33792516 ANTIOCH 94509 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33916834 CASSELBERRY 32707 FL Single Family Owner Occupied 12/25/1900 4/23/2004
4000141700 COVINA 91724 CA Single Family Owner Occupied 12/25/1900 4/24/2004
34054452 CARROLLTON 75007 TX Single Family Non-Owner Occupied 12/25/1900 4/30/2004
34114140 KINGS BEACH 96143 CA Single Family Owner Occupied 12/25/1900 4/15/2004
34222521 QUEEN CREEK 85242 AZ PUD Owner Occupied 12/25/1900 4/22/2004
32680266 DUBUQUE 52001 IA Single Family Owner Occupied 12/25/1900 4/26/2004
33808221 CONLEY 30288 GA Single Family Owner Occupied 12/25/1900 3/25/2004
34166959 CHICAGO 60613 IL Condo >4 Owner Occupied 12/25/1900 4/30/2004
33717059 CHICAGO 60628 IL Single Family Owner Occupied 12/25/1900 4/29/2004
34163634 ALGONQUIN 60102 IL Condo Owner Occupied 12/25/1900 4/21/2004
33357146 MOUNT PLEASANT 29464 SC Single Family Owner Occupied 12/25/1900 4/30/2004
32616450 HIGLEY 85236 AZ PUD Owner Occupied 12/25/1900 4/19/2004
33948464 GALT 95632 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33927633 CANTON 44703 OH Single Family Owner Occupied 12/25/1900 4/30/2004
34182345 DULUTH 30096 GA PUD Owner Occupied 12/25/1900 4/23/2004
33836313 SAN JACINTO 92583 CA Single Family Non-Owner Occupied 12/25/1900 4/21/2004
33251273 KISSIMMEE 34759 FL PUD Owner Occupied 12/25/1900 4/21/2004
33554924 ONTARIO 91764 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33912072 ST PETERSBURG 33713 FL Single Family Owner Occupied 12/25/1900 4/26/2004
33928144 LORAIN 44052 OH Single Family Owner Occupied 12/25/1900 4/26/2004
33237603 LAS VEGAS 89109 NV Condo >4 Owner Occupied 12/25/1900 4/19/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33829037 6/1/2004 5/1/2034 359 163200 163200 6.125 833.00 6/1/2004 80 0-29
33597865 6/1/2004 5/1/2034 359 171950 171622.83 6.25 1,058.73 6/1/2004 95 0-29
33891078 6/1/2004 5/1/2034 359 234000 234000 7.875 1,535.63 6/1/2004 90 0-29
34243899 6/1/2004 5/1/2034 359 92000 91829.68 6.5 581.51 6/1/2004 80 0-29
34186726 6/1/2004 5/1/2034 359 71250 71163.21 8.5 547.86 6/1/2004 95 0-29
33956160 6/1/2004 5/1/2034 359 325000 325000 6.875 1,861.98 6/1/2004 100 0-29
34153775 6/1/2004 5/1/2034 358 275000 275000 6.375 1,460.94 7/1/2004 100 0-29
33839788 6/1/2004 5/1/2034 359 260000 260000 5.75 1,245.83 6/1/2004 80 0-29
33577206 6/1/2004 5/1/2034 359 209150 208830.72 7.375 1,444.55 6/1/2004 89.99027597 0-29
34117754 6/1/2004 5/1/2034 359 217000 216476.47 4.99 1,163.58 6/1/2004 56.36363636 0-29
33969320 6/1/2004 5/1/2034 358 270000 269442.38 5.875 1,597.16 7/1/2004 90 0-29
33950221 6/1/2004 5/1/2034 359 273600 273600 5.25 1,197.00 6/1/2004 80 0-29
34122820 6/1/2004 5/1/2034 359 42000 41955.13 9.125 341.73 6/1/2004 80 0-29
33958935 6/1/2004 5/1/2034 358 153000 152900 5.875 749.06 7/1/2004 85 0-29
33727660 6/1/2004 5/1/2034 359 248000 248000 4.99 1,031.27 6/1/2004 80 0-29
32836348 6/1/2004 5/1/2034 359 153000 153000 6.625 844.69 6/1/2004 85 0-29
33720285 6/1/2004 5/1/2034 358 247500 247040.31 6.375 1,544.08 7/1/2004 90 0-29
33829318 6/1/2004 5/1/2034 359 140000 139775.42 7.125 943.21 6/1/2004 76.50273224 0-29
33836644 6/1/2004 5/1/2034 359 274000 274000 5.125 1,170.21 6/1/2004 80 0-29
34053843 6/1/2004 5/1/2034 359 78350 78350 6.125 399.91 6/1/2004 79.98979071 0-29
33233537 6/1/2004 5/1/2034 359 175000 174697.7 6.75 1,135.05 6/1/2004 63.63636364 0-29
33340175 6/1/2004 5/1/2034 359 257600 257600 6.125 1,314.83 6/1/2004 80 0-29
33477555 7/1/2004 6/1/2034 360 75050 74982.15 6.5 474.37 7/1/2004 95 0-29
34118281 6/1/2004 5/1/2034 359 249250 249250 6.99 1,451.88 6/1/2004 84.92333901 0-29
34118489 6/1/2004 5/1/2034 359 256000 256000 4.99 1,064.53 6/1/2004 80 0-29
33356361 6/1/2004 5/1/2034 359 49750 49670.18 7.125 335.18 6/1/2004 84.9846259 0-29
33456963 6/1/2004 5/1/2034 359 199500 199171.99 7 1,327.28 6/1/2004 95 0-29
34323097 6/1/2004 5/1/2034 359 319900 319900 6.25 1,666.15 6/1/2004 79.99499875 0-29
33218736 6/1/2004 5/1/2034 359 107100 107100 7.99 713.11 6/1/2004 90 0-29
33168956 6/1/2004 5/1/2034 359 176800 176800 6.75 994.50 6/1/2004 85 0-29
34136614 6/1/2004 5/1/2034 359 77800 77684.16 7.5 543.99 6/1/2004 94.99389499 0-29
4000108408 6/1/2004 5/1/2034 358 80000 80000 5.5 366.67 7/1/2004 80 0-29
33009572 6/1/2004 5/1/2034 359 130000 129785.82 6.99 864.03 6/1/2004 100 0-29
34182964 6/1/2004 5/1/2034 359 264000 263976.55 4.25 935.00 6/1/2004 80 0-29
33746140 6/1/2004 5/1/2034 359 107120 107120 5.5 490.97 6/1/2004 80 0-29
33888025 6/1/2004 5/1/2034 359 145600 145377.72 7.375 1,005.63 6/1/2004 80 0-29
34095141 6/1/2004 5/1/2034 359 225000 224656.53 7.375 1,554.02 6/1/2004 100 0-29
33350778 6/1/2004 5/1/2034 359 99000 98876.49 8.375 752.48 6/1/2004 84.54384751 0-29
33459991 6/1/2004 5/1/2034 359 190000 189786.17 8.875 1,511.73 6/1/2004 100 0-29
34052407 6/1/2004 5/1/2034 359 265000 264652.13 8.125 1,967.62 6/1/2004 100 0-29
34088831 6/1/2004 5/1/2034 359 297000 297000 7.625 1,887.19 6/1/2004 90 0-29
33453747 6/1/2004 5/1/2034 359 155000 154732.34 6.75 1,005.33 6/1/2004 43.66197183 0-29
33792516 6/1/2004 5/1/2034 359 263000 263000 4.875 1,068.44 6/1/2004 79.72112761 0-29
33916834 6/1/2004 5/1/2034 358 80750 80641.02 7.99 591.96 7/1/2004 95 0-29
4000141700 6/1/2004 5/1/2034 358 211200 210747.36 5.625 1,215.79 7/1/2004 58.66666667 0-29
34054452 6/1/2004 5/1/2034 359 117600 117376.24 6.25 724.09 6/1/2004 80 0-29
34114140 6/1/2004 5/1/2034 359 190000 189592.8 5.625 1,093.75 6/1/2004 55.88235294 0-29
34222521 6/1/2004 5/1/2034 359 144800 144800 6 724.00 6/1/2004 79.98674253 0-29
32680266 6/1/2004 5/1/2034 359 84600 84467.6 7.25 577.13 6/1/2004 90 0-29
33808221 5/1/2004 4/1/2034 358 92000 91788.67 7.375 635.43 6/1/2004 76.66666667 0-29
34166959 6/1/2004 5/1/2034 359 286100 286100 6.625 1,579.51 6/1/2004 89.99685436 0-29
33717059 6/1/2004 5/1/2034 359 90000 89881.28 8.125 668.25 6/1/2004 90 0-29
34163634 6/1/2004 5/1/2034 359 169100 168815.05 6.875 1,110.87 6/1/2004 95 0-29
33357146 6/1/2004 5/1/2034 359 256000 256000 5.25 1,120.00 6/1/2004 80 0-29
32616450 6/1/2004 5/1/2034 359 170950 170950 5.875 836.94 6/1/2004 79.99981281 0-29
33948464 6/1/2004 5/1/2034 358 241600 241548.41 5.125 1,031.83 7/1/2004 80 0-29
33927633 6/1/2004 5/1/2034 359 55200 55127.54 8.125 409.86 6/1/2004 80 0-29
34182345 6/1/2004 5/1/2034 358 166250 166020.42 7.875 1,205.43 7/1/2004 95 0-29
33836313 6/1/2004 5/1/2034 359 240300 240300 6.5 1,301.63 6/1/2004 90 0-29
33251273 6/1/2004 5/1/2034 359 114000 114000 6.99 664.05 6/1/2004 95 0-29
33554924 6/1/2004 5/1/2034 359 228000 228000 5.5 1,045.00 6/1/2004 80 0-29
33912072 6/1/2004 5/1/2034 359 103500 103349.7 7.625 732.57 6/1/2004 90 0-29
33928144 6/1/2004 5/1/2034 359 70400 70272.36 6.5 444.98 6/1/2004 80 0-29
33237603 6/1/2004 5/1/2034 359 94500 94388 8.625 735.02 6/1/2004 90 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33829037 6ML 5 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33597865 6ML 5.5 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33891078 6ML 6.875 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34243899 6ML 5.125 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34186726 6ML 5.25 3 8.5 14.5 1/0/1900 None 5/1/2006 6
33956160 6ML 5.5 3 6.875 12.875 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
34153775 6ML 5.375 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33839788 6ML 4 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33577206 6ML 6.375 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34117754 6ML 3.75 3 4.99 10.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33969320 6ML 4.875 2 5.875 11.875 1/0/1900 None 5/1/2005 6
33950221 6ML 3.75 3 5.25 11.25 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
34122820 6ML 7.5 3 9.125 15.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33958935 6ML 4 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33727660 6ML 3.625 3 4.99 10.99 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
32836348 6ML 5.625 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33720285 6ML 5.125 3 6.375 12.375 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33829318 6ML 5 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33836644 6ML 4 1 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 11/1/2004 6
34053843 6ML 4.5 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33233537 6ML 5.25 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33340175 6ML 4.75 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33477555 6ML 5.625 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 6/1/2006 6
34118281 6ML 5.875 3 6.99 12.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34118489 6ML 3.5 3 4.99 10.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33356361 6ML 5.75 3 7.125 13.125 1/0/1900 None 5/1/2007 6
33456963 6ML 6.125 3 7 13 1/0/1900 None 5/1/2006 6
34323097 6ML 5 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33218736 6ML 6.5 3 7.99 13.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33168956 6ML 6.375 3 6.75 12.75 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34136614 6ML 6.25 3 7.5 13.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
4000108408 6ML 3.625 3 5.5 11.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33009572 6ML 6 3 6.99 12.99 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34182964 6ML 3.25 1 4.25 10.25 1/0/1900 None 11/1/2004 6
33746140 6ML 3.875 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33888025 6ML 5.75 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34095141 6ML 5.125 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33350778 6ML 6.625 3 8.375 14.375 1/0/1900 None 5/1/2006 6
33459991 6ML 6.625 3 8.875 14.875 1/0/1900 None 5/1/2006 6
34052407 6ML 5.25 3 8.125 14.125 1/0/1900 None 5/1/2006 6
34088831 6ML 5.75 3 7.625 13.625 1/0/1900 None 5/1/2006 6
33453747 6ML 3.625 3 6.75 12.75 1/0/1900 None 5/1/2006 6
33792516 6ML 3.375 3 4.875 10.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33916834 6ML 7.125 3 7.99 13.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000141700 6ML 4.75 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
34054452 6ML 3.75 3 6.25 12.25 1/0/1900 None 5/1/2006 6
34114140 6ML 4.25 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34222521 6ML 4.375 3 6 12 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
32680266 6ML 6.25 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33808221 6ML 6 3 7.375 13.375 1/0/1900 None 4/1/2006 6
34166959 6ML 4.5 3 6.625 12.625 1/0/1900 None 5/1/2006 6
33717059 6ML 6.875 3 8.125 14.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34163634 6ML 5.75 3 6.875 12.875 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2007 6
33357146 6ML 3.875 3 5.25 11.25 1/0/1900 None 5/1/2006 6
32616450 6ML 4.125 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33948464 6ML 4.125 3 5.125 11.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33927633 6ML 6.5 3 8.125 14.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34182345 6ML 4.875 3 7.875 13.875 1/0/1900 None 5/1/2006 6
33836313 6ML 4.75 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33251273 6ML 5.625 3 6.99 12.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33554924 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33912072 6ML 6.375 3 7.625 13.625 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
33928144 6ML 5.5 3 6.5 12.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33237603 6ML 6.625 3 8.625 14.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33829037 6 Purchase N Y 60
33597865 6 Purchase N N 0
33891078 6 C/O Refi N Y 60
34243899 6 C/O Refi N N 0
34186726 6 Purchase N N 0
33956160 6 Purchase N Y 60
34153775 6 Purchase N Y 60
33839788 6 Purchase N Y 60
33577206 6 Purchase N N 0
34117754 6 C/O Refi N N 0
33969320 6 R/T Refi N N 0
33950221 6 Purchase N Y 60
34122820 6 Purchase N N 0
33958935 6 C/O Refi N Y 60
33727660 6 Purchase N Y 60
32836348 6 Purchase N Y 60
33720285 6 C/O Refi N N 0
33829318 6 C/O Refi N N 0
33836644 6 Purchase N Y 60
34053843 6 Purchase N Y 60
33233537 6 C/O Refi N N 0
33340175 6 Purchase N Y 60
33477555 6 Purchase N N 0
34118281 6 Purchase N Y 60
34118489 6 Purchase N Y 60
33356361 6 Purchase N N 0
33456963 6 Purchase N N 0
34323097 6 Purchase N Y 60
33218736 6 Purchase N Y 60
33168956 6 R/T Refi N Y 60
34136614 6 Purchase N N 0
4000108408 6 Purchase N Y 60
33009572 6 C/O Refi N N 0
34182964 6 C/O Refi N Y 60
33746140 6 Purchase N Y 60
33888025 6 C/O Refi N N 0
34095141 6 Purchase N N 0
33350778 6 C/O Refi N N 0
33459991 6 Purchase N N 0
34052407 6 Purchase N N 0
34088831 6 Purchase N Y 60
33453747 6 C/O Refi N N 0
33792516 6 Purchase N Y 60
33916834 6 Purchase N N 0
4000141700 6 R/T Refi N N 0
34054452 6 C/O Refi N N 0
34114140 6 C/O Refi N N 0
34222521 6 Purchase N Y 60
32680266 6 Purchase N N 0
33808221 6 Purchase N N 0
34166959 6 Purchase N Y 60
33717059 6 Purchase N N 0
34163634 6 C/O Refi N N 0
33357146 6 Purchase N Y 60
32616450 6 Purchase N Y 60
33948464 6 Purchase N Y 60
33927633 6 Purchase N N 0
34182345 6 Purchase N N 0
33836313 6 Purchase N Y 60
33251273 6 C/O Refi N Y 60
33554924 6 Purchase N Y 60
33912072 6 C/O Refi N N 0
33928144 6 C/O Refi N N 0
33237603 6 C/O Refi N N 0
D-1-19
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33684937 BAKERSFIELD 93311 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33862103 NEW LONDON 54961 WI Single Family Owner Occupied 12/25/1900 4/21/2004
33972480 DENVER 80205 CO Single Family Non-Owner Occupied 12/25/1900 4/29/2004
33375007 WARREN 48089 MI Single Family Owner Occupied 12/25/1900 4/26/2004
33890831 SUITLAND 20746 MD Condo Owner Occupied 12/25/1900 4/30/2004
33969346 AURORA 80012 CO Single Family Owner Occupied 12/25/1900 4/28/2004
34142919 GRESHAM 97030 OR Single Family Owner Occupied 12/25/1900 4/21/2004
34182543 SELMER 38375 TN Single Family Owner Occupied 12/25/1900 4/28/2004
34187500 JONESBORO 30236 GA Single Family Owner Occupied 12/25/1900 4/27/2004
33833633 ONTARIO 91762 CA Condo Owner Occupied 12/25/1900 4/19/2004
34109819 CHINO 91710 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33837915 WEST COVINA 91792 CA Condo Owner Occupied 12/25/1900 4/14/2004
34089177 PASADENA 91104 CA Single Family Owner Occupied 12/25/1900 4/15/2004
4000141756 PLEASANTON 94588 CA Condo Owner Occupied 12/25/1900 4/22/2004
33475120 GUADALUPE 93434 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33720574 OAK LAWN 60453 IL Single Family Owner Occupied 12/25/1900 4/16/2004
33788753 RIVERBANK 95367 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33972951 NORTHGLENN 80234 CO Single Family Owner Occupied 12/25/1900 4/28/2004
4000121366 LOS ANGELES 90042 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33835778 PORTERVILLE 93257 CA Single Family Owner Occupied 12/25/1900 4/13/2004
4000102934 HENDERSON 89014 NV Single Family Owner Occupied 12/25/1900 4/19/2004
33964222 LITTLETON 80129 CO PUD Owner Occupied 12/25/1900 4/15/2004
33971680 PALMER LAKE 80133 CO Single Family Owner Occupied 12/25/1900 4/28/2004
34126961 HEBRON 41048 KY Single Family Owner Occupied 12/25/1900 4/30/2004
33950387 SAN DIEGO 92105 CA Single Family Owner Occupied 12/25/1900 4/14/2004
33970013 THORNTON 80229 CO PUD Owner Occupied 12/25/1900 4/28/2004
33988940 WEST PALM BEACH 33413 FL Single Family Owner Occupied 12/25/1900 4/23/2004
34092254 BRAWLEY 92227 CA Single Family Owner Occupied 12/25/1900 4/26/2004
34203059 SAINT PAUL 55124 MN PUD Owner Occupied 12/25/1900 4/30/2004
33038928 FORT WASHINGTON 20744 MD Single Family Owner Occupied 12/25/1900 4/29/2004
33172966 GRANDVILLE 49418 MI Single Family Owner Occupied 12/25/1900 4/26/2004
33720608 BUFFALO GROVE 60089 IL Single Family Owner Occupied 12/25/1900 4/20/2004
34186957 BELL BUCKLE 37020 TN Single Family Owner Occupied 12/25/1900 4/23/2004
34085373 RANCHO CUCAMONGA 91730 CA Single Family Owner Occupied 12/25/1900 4/14/2004
32314296 DETROIT 48202 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33969833 DENVER 80206 CO Single Family Owner Occupied 12/25/1900 4/26/2004
33846437 MIDVALE 84047 UT Single Family Owner Occupied 12/25/1900 4/22/2004
33626193 BATTLE CREEK 49015 MI Single Family Owner Occupied 12/25/1900 4/22/2004
34153767 VANCOUVER 98683 WA Single Family Owner Occupied 12/25/1900 4/29/2004
33991415 MIRAMAR 33023 FL Condo Owner Occupied 12/25/1900 4/26/2004
33552274 SAN DIEGO 92154 CA Condo Owner Occupied 12/25/1900 4/19/2004
33793951 TEMECULA 92592 CA Condo Owner Occupied 12/25/1900 4/28/2004
34190512 LITHONIA 30058 GA Single Family Owner Occupied 12/25/1900 4/26/2004
33921552 BIRMINGHAM 35206 AL Single Family Owner Occupied 12/25/1900 4/26/2004
33950445 LOS ANGELES 90710 CA Condo Owner Occupied 12/25/1900 4/15/2004
33837527 ONTARIO 91761 CA PUD Owner Occupied 12/25/1900 4/16/2004
4000135165 PATTERSON 95363 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33907650 DELTONA 32725 FL Single Family Owner Occupied 12/25/1900 4/23/2004
34147801 LEBANON 97355 OR Single Family Owner Occupied 12/25/1900 4/26/2004
33573650 SALEM 97304 OR Single Family Owner Occupied 12/25/1900 4/14/2004
33559360 CARSON 90745 CA Single Family Owner Occupied 12/25/1900 4/14/2004
33971433 AURORA 80014 CO Single Family Owner Occupied 12/25/1900 4/23/2004
33973637 LAKEWOOD 80226 CO PUD Owner Occupied 12/25/1900 4/29/2004
33560319 SAN DIEGO 92114 CA Multi Family - 2 Units Owner Occupied 12/25/1900 4/20/2004
33706144 CICERO 60804 IL Multi Family - 2 Units Non-Owner Occupied 12/25/1900 4/27/2004
34052225 PFLUGERVILLE 78660 TX Single Family Owner Occupied 12/25/1900 4/22/2004
4000142516 YUBA CITY 95993 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33350448 PINEVILLE 28134 NC Single Family Owner Occupied 12/25/1900 4/26/2004
34193961 TUCKER 30084 GA Single Family Owner Occupied 12/25/1900 4/30/2004
4000140306 CITRUS HEIGHTS 95621 CA Single Family Owner Occupied 12/25/1900 4/27/2004
33555228 BRAWLEY 92227 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33832239 MORENO VALLEY 92555 CA Single Family Owner Occupied 12/25/1900 4/19/2004
33919259 SANFORD 32773 FL PUD Owner Occupied 12/25/1900 4/29/2004
33953209 EL CAJON 92021 CA Single Family Owner Occupied 12/25/1900 4/14/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33684937 6/1/2004 5/1/2034 359 165750 165750 6.875 949.61 6/1/2004 85 0-29
33862103 6/1/2004 5/1/2034 359 52000 51922.56 7.5 363.60 6/1/2004 52 0-29
33972480 6/1/2004 5/1/2034 359 147150 147150 7.25 889.03 6/1/2004 90 0-29
33375007 6/1/2004 5/1/2034 359 78500 78364.44 6.75 509.15 6/1/2004 87.22222222 0-29
33890831 6/1/2004 5/1/2034 359 140000 139811.48 8 1,027.28 6/1/2004 100 0-29
33969346 6/1/2004 5/1/2034 359 140700 140674.34 5.875 688.84 6/1/2004 79.9886299 0-29
34142919 6/1/2004 5/1/2034 358 258550 258033.93 6 1,550.14 7/1/2004 89.99303864 0-29
34182543 6/1/2004 5/1/2034 359 36000 35957.33 8.625 280.01 6/1/2004 90 0-29
34187500 6/1/2004 5/1/2034 359 128000 128000 6.5 693.33 6/1/2004 80 0-29
33833633 6/1/2004 5/1/2034 359 156000 156000 5.875 763.75 6/1/2004 80 0-29
34109819 6/1/2004 5/1/2034 358 284800 284743.63 4.75 1,127.33 7/1/2004 80 0-29
33837915 6/1/2004 5/1/2034 359 202000 202000 7.125 1,199.38 6/1/2004 80.8 0-29
34089177 6/1/2004 5/1/2034 359 265100 264192.71 4.5 1,343.23 6/1/2004 57.88209607 0-29
4000141756 6/1/2004 5/1/2034 359 306400 306400 5.875 1,500.08 6/1/2004 80 0-29
33475120 6/1/2004 5/1/2034 359 185000 185000 5.375 828.65 6/1/2004 56.06060606 0-29
33720574 6/1/2004 5/1/2034 359 288000 287351.52 6.25 1,773.27 6/1/2004 90 0-29
33788753 6/1/2004 5/1/2034 359 273400 273400 5.99 1,364.72 6/1/2004 79.99133964 0-29
33972951 6/1/2004 5/1/2034 359 161200 161200 5.375 722.04 6/1/2004 79.98015381 0-29
4000121366 6/1/2004 5/1/2034 358 154400 154400 5.375 691.58 7/1/2004 80 0-29
33835778 6/1/2004 5/1/2034 359 160000 159659.09 6.5 1,011.31 6/1/2004 79.60199005 0-29
4000102934 6/1/2004 5/1/2034 358 165600 165600 5.25 724.50 7/1/2004 80 0-29
33964222 6/1/2004 5/1/2034 359 275500 275058.05 7.125 1,856.10 6/1/2004 95 0-29
33971680 6/1/2004 5/1/2034 358 100000 100000 5.875 489.58 7/1/2004 80 0-29
34126961 6/1/2004 5/1/2034 359 108700 108700 5.25 475.56 6/1/2004 79.9852833 0-29
33950387 6/1/2004 5/1/2034 358 207000 206955.61 5.125 884.06 7/1/2004 69 0-29
33970013 6/1/2004 5/1/2034 359 220950 220950 5.75 1,058.72 6/1/2004 79.99927586 0-29
33988940 6/1/2004 5/1/2034 359 125500 125500 6.875 719.01 6/1/2004 87.15277778 0-29
34092254 6/1/2004 5/1/2034 358 70000 69853.47 5.75 408.51 7/1/2004 63.63636364 0-29
34203059 6/1/2004 5/1/2034 358 290000 289665.07 8.75 2,281.44 7/1/2004 100 0-29
33038928 6/1/2004 5/1/2034 359 312700 312700 6.5 1,693.79 6/1/2004 79.9933836 0-29
33172966 6/1/2004 5/1/2034 359 152000 151727.55 6.75 985.87 6/1/2004 89.41176471 0-29
33720608 6/1/2004 5/1/2034 359 285000 284586.13 7.625 2,017.22 6/1/2004 95 0-29
34186957 6/1/2004 5/1/2034 358 95520 95520 7 557.20 7/1/2004 80 0-29
34085373 6/1/2004 5/1/2034 358 217750 217750 5.875 1,066.07 7/1/2004 65 0-29
32314296 5/1/2004 4/1/2034 358 192000 191547.94 7.25 1,309.78 6/1/2004 80 0-29
33969833 6/1/2004 5/1/2034 359 280500 280500 5.99 1,400.16 6/1/2004 85 0-29
33846437 6/1/2004 5/1/2034 359 112500 112500 7.125 667.97 6/1/2004 90 0-29
33626193 6/1/2004 5/1/2034 359 91900 91783.86 8.375 698.51 6/1/2004 79.98259356 0-29
34153767 6/1/2004 5/1/2034 359 198500 198172.97 6.99 1,319.30 6/1/2004 100 0-29
33991415 6/1/2004 5/1/2034 359 128000 127799.29 7.375 884.07 6/1/2004 100 0-29
33552274 6/1/2004 5/1/2034 359 240000 240000 5.625 1,125.00 6/1/2004 80 0-29
33793951 6/1/2004 5/1/2034 359 204000 204000 4.875 828.75 6/1/2004 80 0-29
34190512 6/1/2004 5/1/2034 359 120150 119935.91 6.625 769.34 6/1/2004 90 0-29
33921552 6/1/2004 5/1/2034 359 73000 72873.94 6.75 473.48 6/1/2004 92.99363057 0-29
33950445 6/1/2004 5/1/2034 359 207000 206535.04 5.375 1,159.15 6/1/2004 76.66666667 0-29
33837527 6/1/2004 5/1/2034 359 225250 224799.54 5.99 1,349.04 6/1/2004 85 0-29
4000135165 6/1/2004 5/1/2034 359 277100 277100 5.75 1,327.77 6/1/2004 79.98914619 0-29
33907650 6/1/2004 5/1/2034 359 121500 121309.85 7.25 828.85 6/1/2004 94.9960907 0-29
34147801 6/1/2004 5/1/2034 358 94800 94606.74 6.375 591.43 7/1/2004 80 0-29
33573650 6/1/2004 5/1/2034 359 95450 95272.71 6.375 595.49 6/1/2004 94.97512438 0-29
33559360 6/1/2004 5/1/2034 359 275000 274489.22 6.375 1,715.65 6/1/2004 73.33333333 0-29
33971433 6/1/2004 5/1/2034 359 204300 204300 7.125 1,213.03 6/1/2004 90 0-29
33973637 6/1/2004 5/1/2034 359 156800 156800 5.625 735.00 6/1/2004 80 0-29
33560319 6/1/2004 5/1/2034 359 165000 164601.92 4.99 884.75 6/1/2004 45.83333333 0-29
33706144 6/1/2004 5/1/2034 359 187200 187200 7 1,092.00 6/1/2004 90 0-29
34052225 6/1/2004 5/1/2034 358 122300 122300 7.25 738.90 7/1/2004 94.99029126 0-29
4000142516 6/1/2004 5/1/2034 359 210400 210400 5.5 964.33 6/1/2004 80 0-29
33350448 6/1/2004 5/1/2034 359 123250 123047.35 7 819.99 6/1/2004 94.96840808 0-29
34193961 6/1/2004 5/1/2034 359 109600 109600 6.25 570.83 6/1/2004 80 0-29
4000140306 6/1/2004 5/1/2034 359 204000 204000 4 680.00 6/1/2004 80 0-29
33555228 6/1/2004 5/1/2034 359 129500 129500 6.375 687.97 6/1/2004 79.97282777 0-29
33832239 6/1/2004 5/1/2034 359 293250 293250 6 1,466.25 6/1/2004 85 0-29
33919259 6/1/2004 5/1/2034 358 133500 133475 6.125 681.41 7/1/2004 79.98178692 0-29
33953209 6/1/2004 5/1/2034 359 325600 325600 5.75 1,560.17 6/1/2004 80 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
33684937 6ML 5.5 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33862103 6ML 5.75 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33972480 6ML 5.375 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33375007 6ML 5.625 3 6.75 12.75 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33890831 6ML 6 3 8 14 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33969346 6ML 4.375 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34142919 6ML 5.375 3 6 12 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34182543 6ML 7.375 3 8.625 14.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34187500 6ML 4.625 3 6.5 12.5 1/0/1900 None 5/1/2009 6
33833633 6ML 4.375 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34109819 6ML 4.125 3 4.75 10.75 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33837915 6ML 5.375 3 7.125 13.125 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
34089177 6ML 3.25 3 4.5 10.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
4000141756 6ML 4.25 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33475120 6ML 3.625 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33720574 6ML 5.125 3 6.25 12.25 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33788753 6ML 4.625 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33972951 6ML 4 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000121366 6ML 4.375 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33835778 6ML 5.125 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000102934 6ML 3.625 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33964222 6ML 6.25 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33971680 6ML 4.125 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
34126961 6ML 3.625 3 5.25 11.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33950387 6ML 3.125 3 5.125 11.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33970013 6ML 3.75 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33988940 6ML 5.625 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34092254 6ML 4.25 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34203059 6ML 6.875 3 8.75 14.75 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
33038928 6ML 5.125 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33172966 6ML 6.5 3 6.75 12.75 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33720608 6ML 6 3 7.625 13.625 1/0/1900 None 5/1/2006 6
34186957 6ML 5.5 3 7 13 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34085373 6ML 3.375 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
32314296 6ML 4.875 3 7.25 13.25 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33969833 6ML 4.125 3 5.99 11.99 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
33846437 6ML 6 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33626193 6ML 6.5 3 8.375 14.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34153767 6ML 5.875 3 6.99 12.99 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33991415 6ML 5.125 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33552274 6ML 4 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33793951 6ML 3.625 3 4.875 10.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34190512 6ML 5.875 3 6.625 12.625 1/0/1900 None 5/1/2006 6
33921552 6ML 5.625 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33950445 6ML 4.125 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33837527 6ML 5.125 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000135165 6ML 4 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33907650 6ML 6.375 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34147801 6ML 5 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33573650 6ML 5.375 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33559360 6ML 4.75 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33971433 6ML 5.875 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33973637 6ML 5 1 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 11/1/2004 6
33560319 6ML 3.75 3 4.99 10.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33706144 6ML 5.375 3 7 13 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34052225 6ML 6 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000142516 6ML 3.625 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33350448 6ML 5.875 3 7 13 1/0/1900 None 5/1/2006 6
34193961 6ML 4.625 3 6.25 12.25 1/0/1900 None 5/1/2007 6
4000140306 6ML 3.5 3 4 10 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33555228 6ML 4.375 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33832239 6ML 4.75 3 6 12 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33919259 6ML 3.875 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33953209 6ML 4.375 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33684937 6 Purchase N Y 60
33862103 6 R/T Refi N N 0
33972480 6 Purchase N Y 60
33375007 6 R/T Refi N N 0
33890831 6 Purchase N N 0
33969346 6 Purchase N Y 60
34142919 6 C/O Refi N N 0
34182543 6 Purchase N N 0
34187500 6 Purchase N Y 60
33833633 6 Purchase N Y 60
34109819 6 Purchase N Y 60
33837915 6 C/O Refi N Y 60
34089177 6 C/O Refi N N 0
4000141756 6 Purchase N Y 60
33475120 6 C/O Refi N Y 60
33720574 6 C/O Refi N N 0
33788753 6 Purchase N Y 60
33972951 6 Purchase N Y 60
4000121366 6 Purchase N Y 60
33835778 6 C/O Refi N N 0
4000102934 6 Purchase N Y 60
33964222 6 R/T Refi N N 0
33971680 6 Purchase N Y 60
34126961 6 Purchase N Y 60
33950387 6 C/O Refi N Y 60
33970013 6 Purchase N Y 60
33988940 6 C/O Refi N Y 60
34092254 6 C/O Refi N N 0
34203059 6 Purchase N N 0
33038928 6 Purchase N Y 60
33172966 6 R/T Refi N N 0
33720608 6 C/O Refi N N 0
34186957 6 Purchase N Y 60
34085373 6 C/O Refi N Y 60
32314296 6 C/O Refi N N 0
33969833 6 C/O Refi N Y 60
33846437 6 Purchase N Y 60
33626193 6 Purchase N N 0
34153767 6 Purchase N N 0
33991415 6 Purchase N N 0
33552274 6 Purchase N Y 60
33793951 6 Purchase N Y 60
34190512 6 C/O Refi N N 0
33921552 6 C/O Refi N N 0
33950445 6 C/O Refi N N 0
33837527 6 C/O Refi N N 0
4000135165 6 Purchase N Y 60
33907650 6 Purchase N N 0
34147801 6 C/O Refi N N 0
33573650 6 Purchase N N 0
33559360 6 C/O Refi N N 0
33971433 6 R/T Refi N Y 60
33973637 6 Purchase N Y 60
33560319 6 C/O Refi N N 0
33706144 6 Purchase N Y 60
34052225 6 Purchase N Y 60
4000142516 6 Purchase N Y 60
33350448 6 R/T Refi N N 0
34193961 6 Purchase N Y 60
4000140306 6 Purchase N Y 60
33555228 6 Purchase N Y 60
33832239 6 Purchase N Y 60
33919259 6 Purchase N Y 60
33953209 6 Purchase N Y 60
D-1-20
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33957879 ESCONDIDO 92027 CA Single Family Owner Occupied 12/25/1900 4/23/2004
34048264 CORINTH 76210 TX PUD Owner Occupied 12/25/1900 4/19/2004
34115287 LOS ANGELES 90011 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33835000 LAKE ELSINORE 92530 CA Single Family Owner Occupied 12/25/1900 4/19/2004
34245241 SPRING HILL 34607 FL PUD Owner Occupied 12/25/1900 4/23/2004
33863176 RACINE 53405 WI Single Family Owner Occupied 12/25/1900 4/22/2004
33240433 HENDERSON 89015 NV Single Family Owner Occupied 12/25/1900 4/26/2004
34002295 SPRING 77389 TX PUD Owner Occupied 12/25/1900 4/22/2004
33887563 GREENBELT 20770 MD Condo Owner Occupied 12/25/1900 4/19/2004
33721812 AUBURN 62615 IL Single Family Owner Occupied 12/25/1900 4/16/2004
33794272 VACAVILLE 95687 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33477456 NORTHRIDGE AREA 91325 CA Condo Owner Occupied 12/25/1900 4/23/2004
34122564 HUBER HEIGHTS 45424 OH Single Family Owner Occupied 12/25/1900 4/26/2004
33119751 SAINT FRANCIS 55070 MN Single Family Owner Occupied 12/25/1900 4/22/2004
34088377 LANCASTER 93536 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33356403 INMAN 29349 SC Single Family Owner Occupied 12/25/1900 4/30/2004
33837279 SAN JACINTO 92583 CA Single Family Owner Occupied 12/25/1900 4/16/2004
34245688 ATLANTIC BEACH 32233 FL Single Family Non-Owner Occupied 12/25/1900 4/29/2004
33958752 POWAY 92064 CA Condo Owner Occupied 12/25/1900 4/23/2004
33357740 LTTLE RIVER 29566 SC PUD Owner Occupied 12/25/1900 4/30/2004
34114496 CYPRESS 90630 CA PUD Owner Occupied 12/25/1900 4/22/2004
33866948 MUSKEGO 53150 WI Single Family Owner Occupied 12/25/1900 4/23/2004
34202788 PRIOR LAKE 55372 MN Condo Non-Owner Occupied 12/25/1900 4/30/2004
34263731 LEAGUE CITY 77573 TX PUD Owner Occupied 12/25/1900 4/30/2004
33906033 JACKSONVILLE 32258 FL Single Family Owner Occupied 12/25/1900 4/23/2004
33782285 VALLEJO 94589 CA Single Family Owner Occupied 12/25/1900 4/21/2004
34147793 PORTLAND 97266 OR Single Family Owner Occupied 12/25/1900 4/19/2004
33950957 SAN DIEGO 92131 CA Condo Owner Occupied 12/25/1900 4/16/2004
33887365 GAITHERSBURG 20879 MD PUD Owner Occupied 12/25/1900 4/22/2004
4000137979 BAKERSFIELD 93308 CA Single Family Owner Occupied 12/25/1900 4/27/2004
34262543 HOUSTON 77090 TX PUD Owner Occupied 12/25/1900 4/30/2004
34089789 SAN JACINTO 92583 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33866559 SAINT LOUIS 63138 MO Single Family Non-Owner Occupied 12/25/1900 4/23/2004
33834391 FONTANA 92334 CA Single Family Owner Occupied 12/25/1900 4/14/2004
33398207 BUFORD 30519 GA PUD Owner Occupied 12/25/1900 4/30/2004
4000142899 TURLOCK 95380 CA Single Family Owner Occupied 12/25/1900 4/22/2004
34051003 EL PASO 79938 TX Single Family Owner Occupied 12/25/1900 4/21/2004
34089813 SANTA CLARITA 91387 CA Condo Owner Occupied 12/25/1900 4/20/2004
34023549 PEMBROKE 2359 MA Single Family Owner Occupied 12/25/1900 4/30/2004
34115741 DIAMOND BAR 91789 CA Condo Owner Occupied 12/25/1900 4/13/2004
34166983 BEACH PARK 60083 IL PUD Owner Occupied 12/25/1900 4/29/2004
34243014 CASSELBERRY 32707 FL PUD Non-Owner Occupied 12/25/1900 4/23/2004
32976227 LEAVENWORTH 66048 KS Single Family Owner Occupied 12/25/1900 4/26/2004
34223974 GILBERT 85296 AZ PUD Owner Occupied 12/25/1900 4/29/2004
33917634 PONTE VEDRA BEACH 32082 FL PUD Owner Occupied 12/25/1900 4/22/2004
33356320 ROCK HILL 29730 SC Single Family Owner Occupied 12/25/1900 4/30/2004
34323345 PARAMOUNT 90723 CA Condo Owner Occupied 12/25/1900 4/28/2004
33525551 CINCINNATI 45255 OH Single Family Owner Occupied 12/25/1900 4/26/2004
34128819 BETHEL 45106 OH Single Family Owner Occupied 360 4/26/2004
34166975 CHICAGO 60636 IL Single Family Owner Occupied 12/25/1900 4/26/2004
34123091 FOREST PARK 45240 OH Single Family Owner Occupied 12/25/1900 4/26/2004
4000141210 LOGAN 43138 OH Single Family Owner Occupied 12/25/1900 4/21/2004
33540048 WALL 15148 PA Single Family Owner Occupied 12/25/1900 4/30/2004
34113399 EL CAJON 92021 CA Single Family Owner Occupied 12/25/1900 4/13/2004
33819525 NASHVILLE 37206 TN Single Family Owner Occupied 12/25/1900 4/16/2004
33356569 CLAYTON 27520 NC Single Family Owner Occupied 12/25/1900 4/28/2004
33953043 TEMECULA 92591 CA Single Family Owner Occupied 12/25/1900 4/19/2004
33792383 TRACY 95376 CA Single Family Owner Occupied 12/25/1900 4/27/2004
34205708 JORDAN 55352 MN Single Family Owner Occupied 12/25/1900 4/26/2004
33954777 CYPRESS 90630 CA Condo Owner Occupied 12/25/1900 4/16/2004
33926254 WARREN 44485 OH Single Family Owner Occupied 12/25/1900 4/20/2004
33736893 ELK GROVE 95758 CA Single Family Owner Occupied 12/25/1900 4/22/2004
34118331 BUENA PARK 90620 CA Single Family Owner Occupied 12/25/1900 4/19/2004
33627282 LINCOLN PARK 48146 MI Single Family Owner Occupied 12/25/1900 4/23/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33957879 6/1/2004 5/1/2034 359 268000 267439.04 5.75 1,563.98 6/1/2004 80 0-29
34048264 6/1/2004 5/1/2034 359 129200 129002.76 7.375 892.36 6/1/2004 95 0-29
34115287 6/1/2004 5/1/2034 359 170000 170000 6.125 867.71 6/1/2004 73.91304348 0-29
33835000 6/1/2004 5/1/2034 359 196800 196800 5.375 881.50 6/1/2004 80 0-29
34245241 6/1/2004 5/1/2034 358 208250 208250 6.125 1,062.94 7/1/2004 85 0-29
33863176 6/1/2004 5/1/2034 359 55250 55156.72 7 367.58 6/1/2004 81.25 0-29
33240433 6/1/2004 5/1/2034 359 190800 190800 7.99 1,270.41 6/1/2004 90 0-29
34002295 6/1/2004 5/1/2034 358 78000 77874.86 7.125 525.51 7/1/2004 80 0-29
33887563 6/1/2004 5/1/2034 359 165000 165000 6.375 876.56 6/1/2004 86.38743455 0-29
33721812 6/1/2004 5/1/2034 359 90250 90118.93 7.625 638.79 6/1/2004 95 0-29
33794272 6/1/2004 5/1/2034 358 305000 305000 7.5 1,906.25 7/1/2004 100 0-29
33477456 6/1/2004 5/1/2034 359 160000 160000 5.875 783.33 6/1/2004 80 0-29
34122564 6/1/2004 5/1/2034 359 192000 191660.26 6.625 1,229.40 6/1/2004 100 0-29
33119751 6/1/2004 5/1/2034 358 217800 217800 7 1,270.50 7/1/2004 90 0-29
34088377 6/1/2004 5/1/2034 358 278600 278585.97 6 1,393.00 7/1/2004 79.98851565 0-29
33356403 6/1/2004 5/1/2034 359 66150 66051.49 7.5 462.54 6/1/2004 90 0-29
33837279 6/1/2004 5/1/2034 359 148000 148000 6 740.00 6/1/2004 80 0-29
34245688 6/1/2004 5/1/2034 358 130500 130500 7.25 788.44 7/1/2004 90 0-29
33958752 6/1/2004 5/1/2034 359 316000 316000 5.5 1,448.33 6/1/2004 80 0-29
33357740 6/1/2004 5/1/2034 359 169500 169500 6.625 935.78 6/1/2004 100 0-29
34114496 6/1/2004 5/1/2034 359 300000 299929.69 5.625 1,406.25 6/1/2004 80 0-29
33866948 6/1/2004 5/1/2034 359 153000 153000 9 1,147.50 6/1/2004 90 0-29
34202788 6/1/2004 5/1/2034 359 128600 128600 6.375 683.19 6/1/2004 89.9930021 0-29
34263731 6/1/2004 5/1/2034 358 143200 142940.38 6.5 905.13 7/1/2004 80 0-29
33906033 6/1/2004 5/1/2034 359 213655 213352.42 7.75 1,530.66 6/1/2004 95 0-29
33782285 6/1/2004 5/1/2034 359 272000 272000 5.625 1,275.00 6/1/2004 80 0-29
34147793 6/1/2004 5/1/2034 359 129600 129600 7.5 810.00 6/1/2004 90 0-29
33950957 6/1/2004 5/1/2034 359 292000 292000 5.75 1,399.17 6/1/2004 80 0-29
33887365 6/1/2004 5/1/2034 359 188000 188000 5.75 900.83 6/1/2004 80 0-29
4000137979 6/1/2004 5/1/2034 359 182800 182800 6.125 933.04 6/1/2004 80 0-29
34262543 6/1/2004 5/1/2034 358 164950 164901.84 5.5 756.02 7/1/2004 89.97436317 0-29
34089789 6/1/2004 5/1/2034 359 187000 186644.19 6.25 1,151.40 6/1/2004 81.65938865 0-29
33866559 6/1/2004 5/1/2034 358 46800 46726.76 7.25 319.26 7/1/2004 90 0-29
33834391 6/1/2004 5/1/2034 358 292000 291850 5.25 1,277.50 7/1/2004 80 0-29
33398207 6/1/2004 5/1/2034 359 165400 165400 6.25 861.46 6/1/2004 79.98065764 0-29
4000142899 6/1/2004 5/1/2034 359 140000 140000 5.75 670.83 6/1/2004 80 0-29
34051003 6/1/2004 5/1/2034 359 147250 147007.89 7 979.66 6/1/2004 95 0-29
34089813 6/1/2004 5/1/2034 359 160300 159876.21 5.125 872.82 6/1/2004 70 0-29
34023549 6/1/2004 5/1/2034 358 238500 237711.11 6.75 1,341.56 7/1/2004 90 0-29
34115741 6/1/2004 5/1/2034 359 256000 256000 5.5 1,173.33 6/1/2004 80 0-29
34166983 6/1/2004 5/1/2034 359 316450 316093.87 8.875 2,517.82 6/1/2004 100 0-29
34243014 6/1/2004 5/1/2034 359 130500 130500 7.625 829.22 6/1/2004 90 0-29
32976227 6/1/2004 5/1/2034 358 97800 97631.12 6.75 634.33 7/1/2004 94.95145631 0-29
34223974 6/1/2004 5/1/2034 359 200550 200550 5.375 898.30 6/1/2004 79.98612058 0-29
33917634 6/1/2004 5/1/2034 359 301600 301600 6.99 1,756.82 6/1/2004 94.99212598 0-29
33356320 6/1/2004 5/1/2034 359 97750 97631.14 8.5 751.62 6/1/2004 85 0-29
34323345 6/1/2004 5/1/2034 358 201000 200573.38 6.375 1,253.98 7/1/2004 100 0-29
33525551 6/1/2004 5/1/2034 359 182750 182750 6.375 970.86 6/1/2004 85 0-29
34128819 6/1/2004 5/1/2034 12/24/1900 94050 93891.51 6.875 617.85 6/1/2004 4/4/1900 0-29
34166975 6/1/2004 5/1/2034 359 90000 90000 7.875 590.63 6/1/2004 90 0-29
34123091 6/1/2004 5/1/2034 359 151200 150938.89 6.75 980.69 6/1/2004 80 0-29
4000141210 6/1/2004 5/1/2034 359 96300 96156.63 7.5 673.34 6/1/2004 90 0-29
33540048 6/1/2004 5/1/2034 359 149000 148465.45 7.25 1,016.45 6/1/2004 94.9044586 0-29
34113399 6/1/2004 5/1/2034 359 280000 280000 7.625 1,779.17 6/1/2004 80 0-29
33819525 6/1/2004 5/1/2034 359 264000 264000 4.625 1,017.50 6/1/2004 80 0-29
33356569 6/1/2004 5/1/2034 358 92600 92414.77 7.875 671.42 7/1/2004 100 0-29
33953043 6/1/2004 5/1/2034 359 281600 281594.67 4.75 1,114.67 6/1/2004 80 0-29
33792383 6/1/2004 5/1/2034 359 289600 289599.25 4.99 1,204.25 6/1/2004 80 0-29
34205708 6/1/2004 5/1/2034 359 299200 298657.57 6.5 1,891.15 6/1/2004 85 0-29
33954777 6/1/2004 5/1/2034 359 188000 188000 5.99 938.43 6/1/2004 80 0-29
33926254 6/1/2004 5/1/2034 358 79000 78855.45 6.5 427.92 7/1/2004 92.94117647 0-29
33736893 6/1/2004 5/1/2034 359 309800 309800 5.75 1,484.46 6/1/2004 89.98881675 0-29
34118331 6/1/2004 5/1/2034 359 312000 311140.62 4.75 1,627.54 6/1/2004 80 0-29
33627282 6/1/2004 5/1/2034 359 126350 126161.87 7.5 883.46 6/1/2004 95 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33957879 6ML 4.625 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34048264 6ML 6.25 3 7.375 13.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
34115287 6ML 3.875 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33835000 6ML 3.875 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
34245241 6ML 4.5 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33863176 6ML 5.75 3 7 13 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33240433 6ML 5.875 3 7.99 13.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34002295 6ML 5.625 3 7.125 13.125 1/0/1900 None 5/1/2006 6
33887563 6ML 5 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33721812 6ML 6.25 3 7.625 13.625 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33794272 6ML 6.5 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33477456 6ML 4.5 1 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 11/1/2004 6
34122564 6ML 5.375 3 6.625 12.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2009 6
33119751 6ML 6.125 3 7 13 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
34088377 6ML 4.375 3 6 12 1/12/1900 6 mo.s interest less 20% obal 5/1/2007 6
33356403 6ML 6.25 3 7.5 13.5 1/0/1900 None 5/1/2006 6
33837279 6ML 4.375 3 6 12 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34245688 6ML 5 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33958752 6ML 4 3 5.5 11.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33357740 6ML 5.75 3 6.625 12.625 1/0/1900 None 5/1/2006 6
34114496 6ML 3.5 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33866948 6ML 7.5 3 9 15 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34202788 6ML 4.5 3 6.375 12.375 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
34263731 6ML 5.125 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33906033 6ML 7.125 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33782285 6ML 4 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34147793 6ML 5.75 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33950957 6ML 4.25 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33887365 6ML 4.375 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000137979 6ML 5 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34262543 6ML 5.125 3 5.5 11.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
34089789 6ML 5.375 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33866559 6ML 5.625 3 7.25 13.25 1/24/1900 2% prepaid 5/1/2006 6
33834391 6ML 3.375 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33398207 6ML 4.375 3 6.25 12.25 1/0/1900 None 5/1/2009 6
4000142899 6ML 3.625 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
34051003 6ML 6 3 7 13 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34089813 6ML 3.75 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34023549 6ML 5.75 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34115741 6ML 4.125 1 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 11/1/2004 6
34166983 6ML 6.625 3 8.875 14.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34243014 6ML 5.625 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2007 6
32976227 6ML 5.75 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34223974 6ML 4.375 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33917634 6ML 5.75 3 6.99 12.99 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33356320 6ML 7 3 8.5 14.5 1/0/1900 None 5/1/2007 6
34323345 6ML 5.375 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33525551 6ML 5.5 3 6.375 12.375 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34128819 6ML 5.625 3 6.875 12.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 1/6/1900
34166975 6ML 6.125 3 7.875 13.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34123091 6ML 5.375 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
4000141210 6ML 6.375 3 7.5 13.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33540048 6ML 6.25 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34113399 6ML 5.5 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33819525 6ML 3.875 1 4.625 10.625 1/24/1900 6 mo.s interest less 20% obal 11/1/2004 6
33356569 6ML 5.375 3 7.875 13.875 1/0/1900 None 5/1/2007 6
33953043 6ML 3.75 3 4.75 10.75 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33792383 6ML 4 3 4.99 10.99 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
34205708 6ML 5.875 3 6.5 12.5 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
33954777 6ML 4.625 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33926254 6ML 5.375 3 6.5 12.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33736893 6ML 5.125 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34118331 6ML 3.625 3 4.75 10.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33627282 6ML 6.375 3 7.5 13.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33957879 6 C/O Refi N N 0
34048264 6 R/T Refi N N 0
34115287 6 C/O Refi N Y 60
33835000 6 Purchase N Y 60
34245241 6 C/O Refi N Y 60
33863176 6 C/O Refi N N 0
33240433 6 C/O Refi N Y 60
34002295 6 C/O Refi N N 0
33887563 6 C/O Refi N Y 60
33721812 6 C/O Refi N N 0
33794272 6 Purchase N Y 60
33477456 6 Purchase N Y 60
34122564 6 C/O Refi N N 0
33119751 6 Purchase N Y 60
34088377 6 Purchase N Y 60
33356403 6 Purchase N N 0
33837279 6 Purchase N Y 60
34245688 6 Purchase N Y 60
33958752 6 C/O Refi N Y 60
33357740 6 Purchase N Y 60
34114496 6 Purchase N Y 60
33866948 6 R/T Refi N Y 60
34202788 6 Purchase N Y 60
34263731 6 Purchase N N 0
33906033 6 Purchase N N 0
33782285 6 R/T Refi N Y 60
34147793 6 R/T Refi N Y 60
33950957 6 Purchase N Y 60
33887365 6 Purchase N Y 60
4000137979 6 Purchase N Y 60
34262543 6 Purchase N Y 60
34089789 6 C/O Refi N N 0
33866559 6 Purchase N N 0
33834391 6 Purchase N Y 60
33398207 6 Purchase N Y 60
4000142899 6 Purchase N Y 60
34051003 6 Purchase N N 0
34089813 6 C/O Refi N N 0
34023549 6 Purchase N Y 60
34115741 6 Purchase N Y 60
34166983 6 Purchase N N 0
34243014 6 Purchase N Y 60
32976227 6 C/O Refi N N 0
34223974 6 Purchase N Y 60
33917634 6 Purchase N Y 60
33356320 6 Purchase N N 0
34323345 6 Purchase N N 0
33525551 6 R/T Refi N Y 60
34128819 6 C/O Refi N N 0
34166975 6 C/O Refi N Y 60
34123091 6 C/O Refi N N 0
4000141210 6 C/O Refi N N 0
33540048 6 Purchase N N 0
34113399 6 C/O Refi N Y 60
33819525 6 C/O Refi N Y 60
33356569 6 Purchase N N 0
33953043 6 Purchase N Y 60
33792383 6 Purchase N Y 60
34205708 6 C/O Refi N N 0
33954777 6 Purchase N Y 60
33926254 6 R/T Refi N Y 60
33736893 6 Purchase N Y 60
34118331 6 C/O Refi N N 0
33627282 6 C/O Refi N N 0
D-1-21
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
34322529 REDLANDS 92374 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33721598 FRANKFORT 60423 IL Single Family Owner Occupied 12/25/1900 4/22/2004
33354861 CARY 27513 NC PUD Owner Occupied 12/25/1900 4/30/2004
33626201 VASSAR 48768 MI Single Family Owner Occupied 12/25/1900 4/21/2004
33889767 BOWIE 20721 MD PUD Owner Occupied 12/25/1900 4/30/2004
33744327 OLYMPIA 98513 WA Single Family Owner Occupied 12/25/1900 4/16/2004
33120049 APPLE VALLEY 55124 MN Condo Owner Occupied 12/25/1900 4/29/2004
33171109 BRIGHTON 48116 MI Single Family Owner Occupied 12/25/1900 4/22/2004
33479007 VENTURA 93001 CA Condo Owner Occupied 12/25/1900 4/28/2004
33624735 WILLIS 48191 MI Single Family Owner Occupied 12/25/1900 4/21/2004
33846890 OGDEN 84404 UT Single Family Owner Occupied 12/25/1900 4/20/2004
33850033 LOGAN 84321 UT Single Family Owner Occupied 12/25/1900 4/23/2004
33887142 WOODBRIDGE 22193 VA PUD Owner Occupied 12/25/1900 4/26/2004
33919010 ORLANDO 32806 FL Single Family Owner Occupied 12/25/1900 4/26/2004
33965880 DENVER 80249 CO PUD Owner Occupied 12/25/1900 4/22/2004
34245621 ORLANDO 32818 FL PUD Owner Occupied 12/25/1900 4/30/2004
4000126763 SOUTHOLD 11971 NY Single Family Owner Occupied 12/25/1900 4/30/2004
33791898 ANTIOCH 94509 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33866864 SAINT ANN 63074 MO Single Family Owner Occupied 12/25/1900 4/16/2004
33581174 GRESHAM 97080 OR Single Family Owner Occupied 12/25/1900 4/16/2004
33990920 MIAMI 33193 FL Condo Non-Owner Occupied 12/25/1900 4/28/2004
33375148 HOLT 48842 MI Single Family Owner Occupied 12/25/1900 4/26/2004
34089524 RIALTO 92376 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33945031 EL CAJON 92020 CA Single Family Owner Occupied 12/25/1900 4/8/2004
34087676 WHITTIER 90604 CA Single Family Owner Occupied 12/25/1900 4/22/2004
34062802 NORTH LAS VEGAS 89031 NV PUD Non-Owner Occupied 12/25/1900 4/26/2004
33927351 CONNEAUT 44030 OH Single Family Owner Occupied 12/25/1900 4/20/2004
31142102 ASHLAND 41101 KY Single Family Owner Occupied 12/25/1900 4/23/2004
33969361 ELIZABETH 80107 CO Single Family Owner Occupied 12/25/1900 4/21/2004
4000124029 PLANTATION 33313 FL Single Family Owner Occupied 12/25/1900 4/24/2004
33915505 DUNNELLON 34432 FL Single Family Owner Occupied 12/25/1900 4/23/2004
33921057 PALM HARBOR 34684 FL Single Family Owner Occupied 12/25/1900 4/26/2004
33885856 COLUMBIA 21045 MD PUD Owner Occupied 12/25/1900 4/16/2004
33373747 BRITTON 49229 MI Single Family Owner Occupied 12/25/1900 4/26/2004
34026252 NEW HAVEN 6511 CT Multi Family - 2 Units Owner Occupied 12/25/1900 4/23/2004
33239047 RENO 89506 NV Single Family Owner Occupied 12/25/1900 4/15/2004
33552936 SAN DIEGO 92139 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33748393 SUMNER 98390 WA PUD Owner Occupied 12/25/1900 4/26/2004
4000141895 MODESTO 95358 CA Single Family Non-Owner Occupied 12/25/1900 4/23/2004
34129189 BOWLING GREEN 43402 OH Single Family Non-Owner Occupied 12/25/1900 4/30/2004
34127654 COVINGTON 41014 KY Single Family Owner Occupied 12/25/1900 4/26/2004
33495656 SACRAMENTO 95828 CA Single Family Non-Owner Occupied 12/25/1900 4/15/2004
33357229 LAURENS 29360 SC Single Family Owner Occupied 12/25/1900 4/30/2004
31141187 AMELIA 45102 OH PUD Owner Occupied 12/25/1900 4/23/2004
34024158 SPRINGFIELD 1109 MA Single Family Owner Occupied 12/25/1900 4/30/2004
33374836 MACOMB 48044 MI Single Family Owner Occupied 12/25/1900 4/23/2004
33837287 LA QUINTA 92253 CA Single Family Owner Occupied 12/25/1900 4/15/2004
33119652 LINDSTROM 55045 MN Single Family Owner Occupied 12/25/1900 4/19/2004
34120022 YUCAIPA 92399 CA PUD Owner Occupied 12/25/1900 4/22/2004
34123265 CINCINNATI 45244 OH Single Family Owner Occupied 12/25/1900 4/30/2004
33356726 HOLLY SPRINGS 27540 NC PUD Owner Occupied 12/25/1900 4/29/2004
34183202 SPARTA 38583 TN Single Family Owner Occupied 12/25/1900 4/21/2004
33168477 HIGHLAND PARK 48203 MI Single Family Owner Occupied 12/25/1900 4/22/2004
33973231 THORNTON 80229 CO Single Family Owner Occupied 12/25/1900 4/26/2004
33354358 JOHNS ISLAND 29455 SC Single Family Owner Occupied 12/25/1900 4/23/2004
34046599 BANDERA 78003 TX Single Family Owner Occupied 12/25/1900 4/28/2004
33848177 TOOELE 84074 UT Single Family Owner Occupied 12/25/1900 4/22/2004
33172768 DETROIT 48235 MI Single Family Owner Occupied 12/25/1900 4/29/2004
4000143119 WINTERS 95694 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33232844 LAS VEGAS 89143 NV PUD Owner Occupied 12/25/1900 4/19/2004
34023572 MILTON 2186 MA Single Family Owner Occupied 12/25/1900 4/26/2004
34242131 ORLANDO 32827 FL PUD Second Home 12/25/1900 4/29/2004
34192799 LITHONIA 30058 GA Single Family Owner Occupied 12/25/1900 4/30/2004
33863374 MILTON 53563 WI Single Family Owner Occupied 12/25/1900 4/23/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
34322529 6/1/2004 5/1/2034 358 178000 178000 6.75 1,001.25 7/1/2004 100 0-29
33721598 6/1/2004 5/1/2034 359 320150 320150 6.125 1,634.10 6/1/2004 95 0-29
33354861 6/1/2004 5/1/2034 358 85000 84879.61 7.75 608.96 7/1/2004 100 0-29
33626201 6/1/2004 5/1/2034 358 152150 151917.73 7.375 1,050.87 7/1/2004 85 0-29
33889767 6/1/2004 5/1/2034 359 191600 191600 5.625 898.13 6/1/2004 80 0-29
33744327 6/1/2004 5/1/2034 359 109600 109600 5.75 525.17 6/1/2004 80 0-29
33120049 6/1/2004 5/1/2034 358 90300 90300 6.25 470.31 7/1/2004 79.98228521 0-29
33171109 6/1/2004 5/1/2034 359 190800 190800 6.75 1,073.25 6/1/2004 90 0-29
33479007 6/1/2004 5/1/2034 359 241600 241600 6.375 1,283.50 6/1/2004 80 0-29
33624735 6/1/2004 5/1/2034 359 180500 180250.73 7.875 1,308.76 6/1/2004 95 0-29
33846890 6/1/2004 5/1/2034 359 86000 85999.8 6.625 474.79 6/1/2004 79.62962963 0-29
33850033 6/1/2004 5/1/2034 359 92000 92000 8.375 642.08 6/1/2004 84.40366972 0-29
33887142 6/1/2004 5/1/2034 359 160000 159709.93 6.5 1,011.31 6/1/2004 79.60199005 0-29
33919010 6/1/2004 5/1/2034 358 131750 131577.03 8.125 978.25 7/1/2004 84.7266881 0-29
33965880 6/1/2004 5/1/2034 359 175900 175900 5.5 806.21 6/1/2004 79.99090496 0-29
34245621 6/1/2004 5/1/2034 359 157250 157250 7.125 933.67 6/1/2004 85 0-29
4000126763 6/1/2004 5/1/2034 359 312000 311974.65 4.875 1,267.50 6/1/2004 80 0-29
33791898 6/1/2004 5/1/2034 359 270000 270000 6.75 1,518.75 6/1/2004 90 0-29
33866864 6/1/2004 5/1/2034 359 68000 67886.59 7 452.41 6/1/2004 80 0-29
33581174 6/1/2004 5/1/2034 359 156750 156458.85 6.375 977.92 6/1/2004 79.99489666 0-29
33990920 6/1/2004 5/1/2034 359 90400 90400 7.125 536.75 6/1/2004 80 0-29
33375148 6/1/2004 5/1/2034 359 195500 195206.64 7.5 1,366.97 6/1/2004 85 0-29
34089524 6/1/2004 5/1/2034 359 200000 200000 5.375 895.83 6/1/2004 80 0-29
33945031 6/1/2004 5/1/2034 358 325000 325000 5.875 1,591.15 7/1/2004 86.66666667 0-29
34087676 6/1/2004 5/1/2034 359 314100 314100 6.375 1,668.66 6/1/2004 90 0-29
34062802 6/1/2004 5/1/2034 359 157600 157600 6.99 918.02 6/1/2004 89.98361339 0-29
33927351 6/1/2004 5/1/2034 359 58000 57884.23 6 347.74 6/1/2004 77.33333333 0-29
31142102 6/1/2004 5/1/2034 359 61200 61056.65 6.75 396.95 6/1/2004 85 0-29
33969361 6/1/2004 5/1/2034 359 256950 256472.75 6.375 1,603.04 6/1/2004 94.99953785 0-29
4000124029 6/1/2004 5/1/2034 359 219600 219600 5.125 937.87 6/1/2004 90 0-29
33915505 6/1/2004 5/1/2034 358 89900 89776.79 8 659.66 7/1/2004 100 0-29
33921057 6/1/2004 5/1/2034 359 185400 185400 7 1,081.50 6/1/2004 90 0-29
33885856 6/1/2004 5/1/2034 359 172900 172654.84 7.875 1,253.65 6/1/2004 95 0-29
33373747 6/1/2004 5/1/2034 359 232050 232050 7.375 1,426.14 6/1/2004 85 0-29
34026252 6/1/2004 5/1/2034 359 147200 147165 6.875 843.33 6/1/2004 80 0-29
33239047 6/1/2004 5/1/2034 359 168000 167656.58 5.875 993.79 6/1/2004 54.90196078 0-29
33552936 6/1/2004 5/1/2034 359 331900 331253.18 6.125 2,016.66 6/1/2004 89.7027027 0-29
33748393 6/1/2004 5/1/2034 357 160350 160315.09 5.875 785.05 8/1/2004 79.98104596 0-29
4000141895 6/1/2004 5/1/2034 359 202500 202500 5.125 864.84 6/1/2004 90 0-29
34129189 6/1/2004 5/1/2034 359 104400 104400 5.75 500.25 6/1/2004 90 0-29
34127654 6/1/2004 5/1/2034 359 51000 50922.14 7.375 352.25 6/1/2004 85 0-29
33495656 6/1/2004 5/1/2034 359 135000 135000 6.625 745.31 6/1/2004 90 0-29
33357229 6/1/2004 5/1/2034 360 92000 92000 5.75 440.83 6/1/2004 80 0-29
31141187 6/1/2004 5/1/2034 359 210750 210750 6.25 1,097.66 6/1/2004 94.98377501 0-29
34024158 6/1/2004 5/1/2034 359 60800 60713.9 7.75 435.58 6/1/2004 95 0-29
33374836 6/1/2004 5/1/2034 359 253000 252984.56 7.99 1,684.56 6/1/2004 81.61290323 0-29
33837287 6/1/2004 5/1/2034 359 230000 229620.81 6.99 1,528.66 6/1/2004 73.01587302 0-29
33119652 6/1/2004 5/1/2034 359 50000 49923.67 7.375 345.34 6/1/2004 29.76190476 0-29
34120022 6/1/2004 5/1/2034 359 273600 273600 5.625 1,282.50 6/1/2004 80 0-29
34123265 6/1/2004 5/1/2034 359 89600 89600 6 448.00 6/1/2004 80 0-29
33356726 6/1/2004 5/1/2034 359 109600 109590.92 5.375 490.92 6/1/2004 80 0-29
34183202 6/1/2004 5/1/2034 359 41000 40945.81 8.125 304.43 6/1/2004 74.54545455 0-29
33168477 6/1/2004 5/1/2034 358 80750 80528.9 7.5 564.62 7/1/2004 95 0-29
33973231 6/1/2004 5/1/2034 359 162000 162000 7.75 1,046.25 6/1/2004 90 0-29
33354358 6/1/2004 5/1/2034 359 271800 271800 6 1,359.00 6/1/2004 90 0-29
34046599 6/1/2004 5/1/2034 359 76000 75881.06 7.25 518.46 6/1/2004 80 0-29
33848177 6/1/2004 5/1/2034 358 256000 256000 6.25 1,333.33 7/1/2004 80 0-29
33172768 6/1/2004 5/1/2034 359 97750 97618.38 8 717.26 6/1/2004 85 0-29
4000143119 6/1/2004 5/1/2034 359 245000 245000 7.375 1,505.73 6/1/2004 100 0-29
33232844 6/1/2004 5/1/2034 359 204750 204750 7.125 1,215.70 6/1/2004 65 0-29
34023572 6/1/2004 5/1/2034 359 310000 309464.68 6.75 2,010.66 6/1/2004 66.52360515 0-29
34242131 6/1/2004 5/1/2034 359 99600 99428 6.75 646.01 6/1/2004 80 0-29
34192799 6/1/2004 5/1/2034 358 135920 135920 5.25 594.65 7/1/2004 80 0-29
33863374 6/1/2004 5/1/2034 359 182750 182442.06 6.875 1,200.54 6/1/2004 85 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
34322529 6ML 5.75 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33721598 6ML 5.625 3 6.125 12.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33354861 6ML 5.25 3 7.75 13.75 1/0/1900 None 5/1/2006 6
33626201 6ML 6.25 3 7.375 13.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33889767 6ML 4.25 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33744327 6ML 4.375 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33120049 6ML 4.375 3 6.25 12.25 1/24/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
33171109 6ML 5.5 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33479007 6ML 4.375 3 6.375 12.375 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
33624735 6ML 5.25 3 7.875 13.875 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33846890 6ML 4.875 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33850033 6ML 6.5 3 8.375 14.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33887142 6ML 5.125 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33919010 6ML 6.75 3 8.125 14.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33965880 6ML 4.375 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34245621 6ML 5.75 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000126763 6ML 3.5 3 4.875 10.875 1/0/1900 None 5/1/2007 6
33791898 6ML 5.625 3 6.75 12.75 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33866864 6ML 5.625 3 7 13 1/24/1900 2% prepaid 5/1/2006 6
33581174 6ML 5.25 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33990920 6ML 4.75 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33375148 6ML 6.375 3 7.5 13.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34089524 6ML 4 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33945031 6ML 5.25 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34087676 6ML 5.375 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
34062802 6ML 4.625 3 6.99 12.99 1/0/1900 None 5/1/2006 6
33927351 6ML 4.625 3 6 12 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2007 6
31142102 6ML 4 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33969361 6ML 5.625 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000124029 6ML 5.125 3 5.125 11.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33915505 6ML 5.25 3 8 14 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33921057 6ML 5.75 3 7 13 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33885856 6ML 6.875 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33373747 6ML 5.25 3 7.375 13.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34026252 6ML 5.375 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33239047 6ML 4.25 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33552936 6ML 5.5 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33748393 6ML 4 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
4000141895 6ML 4.625 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34129189 6ML 4.5 3 5.75 11.75 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2007 6
34127654 6ML 5.625 3 7.375 13.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33495656 6ML 5.125 3 6.625 12.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33357229 6ML 4.125 3 5.75 11.75 1/0/1900 None 5/1/2006 6
31141187 6ML 5.375 3 6.25 12.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34024158 6ML 6.875 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33374836 6ML 6.625 3 7.99 13.99 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33837287 6ML 4.875 1 6.99 12.99 1/24/1900 6 mo.s interest less 20% obal 11/1/2004 6
33119652 6ML 5.375 3 7.375 13.375 1/24/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
34120022 6ML 4.25 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34123265 6ML 4.375 3 6 12 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33356726 6ML 3.75 3 5.375 11.375 1/0/1900 None 5/1/2006 6
34183202 6ML 6 3 8.125 14.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33168477 6ML 6.625 3 7.5 13.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33973231 6ML 6.25 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33354358 6ML 5 3 6 12 1/0/1900 None 5/1/2007 6
34046599 6ML 5.875 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33848177 6ML 4.25 3 6.25 12.25 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33172768 6ML 7 3 8 14 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
4000143119 6ML 5.5 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33232844 6ML 5.125 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34023572 6ML 5.25 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34242131 6ML 5 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34192799 6ML 4 1 5.25 11.25 1/0/1900 None 11/1/2004 6
33863374 6ML 5.75 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
34322529 6 Purchase N Y 60
33721598 6 Purchase N Y 60
33354861 6 Purchase N N 0
33626201 6 C/O Refi N N 0
33889767 6 Purchase N Y 60
33744327 6 C/O Refi N Y 60
33120049 6 Purchase N Y 60
33171109 6 C/O Refi N Y 60
33479007 6 Purchase N Y 60
33624735 6 Purchase N N 0
33846890 6 C/O Refi N Y 60
33850033 6 C/O Refi N Y 60
33887142 6 C/O Refi N N 0
33919010 6 C/O Refi N N 0
33965880 6 Purchase N Y 60
34245621 6 Purchase N Y 60
4000126763 6 Purchase N Y 60
33791898 6 C/O Refi N Y 60
33866864 6 C/O Refi N N 0
33581174 6 Purchase N N 0
33990920 6 Purchase N Y 60
33375148 6 C/O Refi N N 0
34089524 6 Purchase N Y 60
33945031 6 Purchase N Y 60
34087676 6 Purchase N Y 60
34062802 6 Purchase N Y 60
33927351 6 C/O Refi N N 0
31142102 6 Purchase N N 0
33969361 6 Purchase N N 0
4000124029 6 R/T Refi N Y 60
33915505 6 Purchase N N 0
33921057 6 C/O Refi N Y 60
33885856 6 C/O Refi N N 0
33373747 6 C/O Refi N Y 60
34026252 6 Purchase N Y 60
33239047 6 C/O Refi N N 0
33552936 6 C/O Refi N N 0
33748393 6 Purchase N Y 60
4000141895 6 R/T Refi N Y 60
34129189 6 Purchase N Y 60
34127654 6 C/O Refi N N 0
33495656 6 Purchase N Y 60
33357229 6 Purchase N Y 60
31141187 6 Purchase N Y 60
34024158 6 Purchase N N 0
33374836 6 C/O Refi N Y 60
33837287 6 C/O Refi N N 0
33119652 6 C/O Refi N N 0
34120022 6 Purchase N Y 60
34123265 6 Purchase N Y 60
33356726 6 Purchase N Y 60
34183202 6 C/O Refi N N 0
33168477 6 Purchase N N 0
33973231 6 C/O Refi N Y 60
33354358 6 Purchase N Y 60
34046599 6 Purchase N N 0
33848177 6 C/O Refi N Y 60
33172768 6 Purchase N N 0
4000143119 6 Purchase N Y 60
33232844 6 C/O Refi N Y 60
34023572 6 C/O Refi N N 0
34242131 6 Purchase N N 0
34192799 6 Purchase N Y 60
33863374 6 C/O Refi N N 0
D-1-22
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
34120428 CORONA 92883 CA Single Family Owner Occupied 12/25/1900 4/27/2004
34188722 JACKSON 30233 GA Single Family Owner Occupied 12/25/1900 4/29/2004
33793431 SANTA ROSA 95403 CA PUD Owner Occupied 12/25/1900 4/23/2004
34023101 CARVER 2330 MA Single Family Owner Occupied 12/25/1900 4/30/2004
33926874 PARMA 44134 OH Single Family Owner Occupied 12/25/1900 4/22/2004
33867581 SAINT LOUIS 63033 MO Single Family Owner Occupied 12/25/1900 4/22/2004
33925280 PAINESVILLE 44077 OH Single Family Owner Occupied 12/25/1900 4/26/2004
33413402 INDIO 92201 CA Single Family Owner Occupied 12/25/1900 4/12/2004
33837485 APPLE VALLEY 92307 CA Single Family Owner Occupied 12/25/1900 4/21/2004
34193565 RIPLEY 38063 TN Single Family Owner Occupied 12/25/1900 4/30/2004
33173311 STERLING HTS 48314 MI Condo Owner Occupied 12/25/1900 4/29/2004
34084822 COMPTON 90220 CA Single Family Non-Owner Occupied 12/25/1900 4/6/2004
34114660 MORENO VALLEY 92555 CA PUD Owner Occupied 12/25/1900 4/19/2004
34143214 CLACKAMAS 97015 OR PUD Owner Occupied 12/25/1900 4/13/2004
33374471 MADISON HEIGHTS 48071 MI Single Family Owner Occupied 12/25/1900 4/23/2004
33826496 RIVERSIDE 92504 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33982281 NAPLES 34116 FL Single Family Owner Occupied 12/25/1900 4/26/2004
4000133199 SUFFOLK 23434 VA PUD Owner Occupied 12/25/1900 4/30/2004
33790908 MIDDLETOWN 95461 CA PUD Owner Occupied 12/25/1900 4/23/2004
33118803 BROOKLYN CENTER 55429 MN Single Family Owner Occupied 12/25/1900 4/29/2004
34127985 HILLSBORO 45133 OH Single Family Owner Occupied 12/25/1900 4/22/2004
33453879 FRANKLIN 7416 NJ Single Family Owner Occupied 12/25/1900 4/23/2004
33373796 INKSTER 48141 MI Single Family Owner Occupied 12/25/1900 4/21/2004
33791260 PETALUMA 94954 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33711284 CHICAGO 60651 IL Single Family Owner Occupied 12/25/1900 4/26/2004
33838293 MORENO VALLEY 92553 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33919457 PALM BAY 32909 FL Single Family Owner Occupied 12/25/1900 4/21/2004
33921396 WEST MELBOURNE 32904 FL PUD Owner Occupied 12/25/1900 4/30/2004
33954678 EL CAJON 92020 CA Single Family Owner Occupied 12/25/1900 4/21/2004
33992116 DELRAY BEACH 33444 FL Condo >4 Second Home 12/25/1900 4/29/2004
34143420 PORTLAND 97202 OR Multi Family - 2 Units Owner Occupied 12/25/1900 4/9/2004
34144295 SPRINGFIELD 97478 OR Single Family Owner Occupied 12/25/1900 4/26/2004
33008897 INDIANAPOLIS 46218 IN Single Family Owner Occupied 12/25/1900 4/23/2004
34050047 GARLAND 75040 TX Single Family Owner Occupied 12/25/1900 4/16/2004
33625724 ROCHESTER HILLS 48309 MI Single Family Owner Occupied 12/25/1900 4/23/2004
34182303 CORDOVA 38016 TN Single Family Owner Occupied 12/25/1900 4/22/2004
33563834 OREGON CITY 97045 OR PUD Owner Occupied 12/25/1900 4/21/2004
34242982 HARVEST 35749 AL Single Family Owner Occupied 12/25/1900 4/29/2004
33769431 GRAND ISLAND 14072 NY Multi Family - 2 Units Owner Occupied 12/25/1900 4/28/2004
34113050 SACRAMENTO 95824 CA Single Family Owner Occupied 12/25/1900 4/8/2004
33626334 EASTPOINTE 48021 MI Single Family Owner Occupied 12/25/1900 4/21/2004
33916917 APOPKA 32703 FL Single Family Owner Occupied 12/25/1900 4/26/2004
33927229 LEETONIA 44431 OH Single Family Owner Occupied 12/25/1900 4/16/2004
34109868 STOCKTON AREA 95204 CA Single Family Owner Occupied 12/25/1900 4/21/2004
4000142961 GROVER BEACH 93433 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33009127 FISHERS 46038 IN Single Family Owner Occupied 12/25/1900 4/26/2004
34052019 PFLUGERVILLE 78660 TX Single Family Owner Occupied 12/25/1900 4/22/2004
33551573 LAKESIDE 92040 CA Condo Owner Occupied 12/25/1900 4/15/2004
33954520 SAN DIEGO 92139 CA Condo Non-Owner Occupied 12/25/1900 4/22/2004
34049098 SAGINAW 76131 TX PUD Owner Occupied 12/25/1900 4/27/2004
34202648 APPLE VALLEY 55124 MN PUD Owner Occupied 12/25/1900 4/16/2004
33991241 FT. PIERCE 34949 FL Condo Owner Occupied 12/25/1900 4/30/2004
33476649 LOS ANGELES 91342 CA Single Family Owner Occupied 12/25/1900 4/12/2004
33954553 ENCINITAS 92007 CA PUD Non-Owner Occupied 12/25/1900 4/19/2004
33625450 BAY CITY 48706 MI Single Family Owner Occupied 12/25/1900 4/20/2004
4000140271 ROWLETT 75088 TX PUD Owner Occupied 12/25/1900 4/26/2004
33506403 CHOWCHILLA 93610 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33720517 SAINT LOUIS 63115 MO Single Family Owner Occupied 12/25/1900 4/29/2004
33597816 ROUND ROCK 78664 TX Single Family Owner Occupied 12/25/1900 4/27/2004
33988643 BOYNTON BEACH 33436 FL PUD Owner Occupied 12/25/1900 4/29/2004
33843814 WEST VALLEY CITY 84128 UT Single Family Owner Occupied 12/25/1900 4/22/2004
34124818 HILLIARD 43026 OH Single Family Owner Occupied 12/25/1900 4/30/2004
34202234 SAINT PAUL 55119 MN Single Family Owner Occupied 12/25/1900 4/19/2004
33988296 ROYAL PALM BEACH 33411 FL Single Family Owner Occupied 12/25/1900 4/23/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
34120428 6/1/2004 5/1/2034 359 288000 286950 6.125 1,470.00 6/1/2004 80 0-29
34188722 6/1/2004 5/1/2034 359 134235 134235 7.25 811.00 6/1/2004 95 0-29
33793431 6/1/2004 5/1/2034 359 220000 220000 5.625 1,031.25 6/1/2004 80 0-29
34023101 6/1/2004 5/1/2034 358 266000 265517.74 6.5 1,681.31 7/1/2004 95 0-29
33926874 6/1/2004 5/1/2034 359 200450 200086.58 6.5 1,266.99 6/1/2004 95 0-29
33867581 6/1/2004 5/1/2034 359 92700 92575.19 8 680.20 6/1/2004 90 0-29
33925280 6/1/2004 5/1/2034 359 201450 201185.53 8.125 1,495.77 6/1/2004 85 0-29
33413402 6/1/2004 5/1/2034 359 140600 140500 7.5 878.75 6/1/2004 95 0-29
33837485 6/1/2004 5/1/2034 359 265500 265500 6.625 1,465.78 6/1/2004 94.99105546 0-29
34193565 6/1/2004 5/1/2034 359 67500 67415.79 8.375 513.05 6/1/2004 90 0-29
33173311 6/1/2004 5/1/2034 359 169800 169800 6.375 902.06 6/1/2004 94.9531665 0-29
34084822 6/1/2004 5/1/2034 359 251100 251100 6.125 1,281.66 6/1/2004 90 0-29
34114660 6/1/2004 5/1/2034 359 275150 275150 5.5 1,261.10 6/1/2004 79.99313888 0-29
34143214 6/1/2004 5/1/2034 358 285000 285000 7.625 1,810.94 7/1/2004 95 0-29
33374471 6/1/2004 5/1/2034 358 108000 107860.52 8.25 811.37 7/1/2004 90 0-29
33826496 6/1/2004 5/1/2034 359 180000 180000 6.25 937.50 6/1/2004 83.72093023 0-29
33982281 6/1/2004 5/1/2034 359 154500 154500 6.625 852.97 6/1/2004 90.88235294 0-29
4000133199 6/1/2004 5/1/2034 359 301200 301200 4.875 1,223.63 6/1/2004 80 0-29
33790908 6/1/2004 5/1/2034 359 248000 248000 5.875 1,214.17 6/1/2004 82.66666667 0-29
33118803 6/1/2004 5/1/2034 359 156000 155703.19 6.25 960.52 6/1/2004 82.10526316 0-29
34127985 6/1/2004 5/1/2034 359 127200 127200 6.125 649.25 6/1/2004 80 0-29
33453879 6/1/2004 5/1/2034 359 218400 218049.94 7.375 1,508.44 6/1/2004 94.99782514 0-29
33373796 6/1/2004 5/1/2034 359 60000 59908.4 7.375 414.41 6/1/2004 78.43137255 0-29
33791260 6/1/2004 5/1/2034 359 290000 290000 6.75 1,631.25 6/1/2004 62.3655914 0-29
33711284 6/1/2004 5/1/2034 359 180800 180800 5.125 772.17 6/1/2004 80 0-29
33838293 6/1/2004 5/1/2034 359 164000 164000 5.5 751.67 6/1/2004 80 0-29
33919457 6/1/2004 5/1/2034 359 128350 128055.69 7.5 897.45 6/1/2004 85 0-29
33921396 6/1/2004 5/1/2034 359 163950 163949.99 7 956.38 6/1/2004 84.99222395 0-29
33954678 6/1/2004 5/1/2034 359 130000 129740.01 5.99 778.59 6/1/2004 42.20779221 0-29
33992116 6/1/2004 5/1/2034 359 102600 102600 7.625 651.94 6/1/2004 90 0-29
34143420 6/1/2004 5/1/2034 359 257000 257000 5.625 1,204.69 6/1/2004 76.71641791 0-29
34144295 6/1/2004 5/1/2034 359 89600 89600 6.75 504.00 6/1/2004 80 0-29
33008897 6/1/2004 5/1/2034 359 71200 71200 6.5 385.67 6/1/2004 80 0-29
34050047 6/1/2004 5/1/2034 358 93600 93426.14 6.375 583.95 7/1/2004 80 0-29
33625724 6/1/2004 5/1/2034 358 120000 119802.69 7 798.37 7/1/2004 66.66666667 0-29
34182303 6/1/2004 5/1/2034 359 202500 202205.93 7.625 1,433.29 6/1/2004 90 0-29
33563834 6/1/2004 5/1/2034 359 196800 196800 5.625 922.50 6/1/2004 80 0-29
34242982 6/1/2004 5/1/2034 359 154000 153727.51 6.625 986.08 6/1/2004 100 0-29
33769431 6/1/2004 5/1/2034 358 78200 78089.25 7.75 560.24 7/1/2004 94.90291262 0-29
34113050 6/1/2004 5/1/2034 359 127000 126790.77 6.99 844.09 6/1/2004 68.46361186 0-29
33626334 6/1/2004 5/1/2034 359 119000 118803.95 6.99 790.92 6/1/2004 85 0-29
33916917 6/1/2004 5/1/2034 359 132050 132042.78 6.75 742.78 6/1/2004 95 0-29
33927229 6/1/2004 5/1/2034 358 78200 78089.23 7.75 560.24 7/1/2004 85 0-29
34109868 6/1/2004 5/1/2034 359 177000 177000 5.99 883.53 6/1/2004 89.39393939 0-29
4000142961 6/1/2004 5/1/2034 359 324800 324800 4.875 1,319.50 6/1/2004 80 0-29
33009127 6/1/2004 5/1/2034 357 102000 101997.49 7.75 658.75 8/1/2004 85 0-29
34052019 6/1/2004 5/1/2034 359 173600 173600 5.625 813.75 6/1/2004 80 0-29
33551573 6/1/2004 5/1/2034 358 245600 245600 5.5 1,125.67 7/1/2004 80 0-29
33954520 6/1/2004 5/1/2034 359 276300 276300 6.625 1,525.41 6/1/2004 90 0-29
34049098 6/1/2004 5/1/2034 359 103450 103450 8.125 700.44 6/1/2004 89.96434473 0-29
34202648 6/1/2004 5/1/2034 359 171000 170718.84 7 1,137.67 6/1/2004 95 0-29
33991241 6/1/2004 5/1/2034 359 140250 140005.14 7.875 1,016.91 6/1/2004 85 0-29
33476649 6/1/2004 5/1/2034 359 316800 316800 6.625 1,749.00 6/1/2004 90 0-29
33954553 6/1/2004 5/1/2034 359 284800 284800 6.5 1,542.67 6/1/2004 80 0-29
33625450 6/1/2004 5/1/2034 359 48750 48558.2 6.75 316.20 6/1/2004 75 0-29
4000140271 6/1/2004 5/1/2034 359 143200 143200 5.5 656.33 6/1/2004 80 0-29
33506403 6/1/2004 5/1/2034 359 97500 97500 7.5 609.38 6/1/2004 65 0-29
33720517 6/1/2004 5/1/2034 359 60000 59903.74 7.125 404.24 6/1/2004 80 0-29
33597816 6/1/2004 5/1/2034 359 81700 81589.48 8 599.49 6/1/2004 89.958159 0-29
33988643 6/1/2004 5/1/2034 359 183200 183200 6.625 1,011.42 6/1/2004 80 0-29
33843814 6/1/2004 5/1/2034 359 172800 172770.68 5.625 810.00 6/1/2004 90 0-29
34124818 6/1/2004 5/1/2034 359 224400 224012.49 6.75 1,455.46 6/1/2004 100 0-29
34202234 6/1/2004 5/1/2034 359 220150 219845.97 7.875 1,596.25 6/1/2004 85 0-29
33988296 6/1/2004 5/1/2034 359 142200 142200 7.25 859.13 6/1/2004 88.875 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
34120428 6ML 4.375 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
34188722 6ML 6.125 3 7.25 13.25 1/0/1900 None 5/1/2006 6
33793431 6ML 4.25 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34023101 6ML 5.875 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33926874 6ML 5.875 3 6.5 12.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2007 6
33867581 6ML 4.75 3 8 14 1/0/1900 None 5/1/2006 6
33925280 6ML 6.75 3 8.125 14.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33413402 6ML 6.375 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33837485 6ML 5.75 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34193565 6ML 7.125 3 8.375 14.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33173311 6ML 5.375 3 6.375 12.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34084822 6ML 4.75 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34114660 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34143214 6ML 6.25 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33374471 6ML 6.75 3 8.25 14.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33826496 6ML 4.75 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33982281 6ML 5.25 3 6.625 12.625 1/0/1900 None 5/1/2006 6
4000133199 6ML 3.875 3 4.875 10.875 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33790908 6ML 4.75 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33118803 6ML 4.875 3 6.25 12.25 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
34127985 6ML 4.5 3 6.125 12.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33453879 6ML 6.625 3 7.375 13.375 1/0/1900 None 5/1/2006 6
33373796 6ML 6.125 3 7.375 13.375 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33791260 6ML 4.625 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33711284 6ML 3.625 3 5.125 11.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33838293 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33919457 6ML 6.25 3 7.5 13.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33921396 6ML 5.75 3 7 13 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33954678 6ML 4.125 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33992116 6ML 5.75 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34143420 6ML 3.625 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
34144295 6ML 5.375 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33008897 6ML 4.625 3 6.5 12.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34050047 6ML 4.25 3 6.375 12.375 1/0/1900 None 5/1/2009 6
33625724 6ML 5.5 3 7 13 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34182303 6ML 6.625 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33563834 6ML 4 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34242982 6ML 5.25 3 6.625 12.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33769431 6ML 7 3 7.75 13.75 1/0/1900 None 5/1/2006 6
34113050 6ML 5.25 3 6.99 12.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33626334 6ML 6 3 6.99 12.99 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33916917 6ML 5.375 3 6.75 12.75 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33927229 6ML 6.5 3 7.75 13.75 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34109868 6ML 5.25 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000142961 6ML 3.5 3 4.875 10.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33009127 6ML 5.75 3 7.75 13.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34052019 6ML 3.375 3 5.625 11.625 1/12/1900 6 mo.s interest less 20% obal 5/1/2009 6
33551573 6ML 3.75 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33954520 6ML 4.75 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34049098 6ML 7 3 8.125 14.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
34202648 6ML 6.25 3 7 13 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2007 6
33991241 6ML 4.5 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33476649 6ML 5.375 3 6.625 12.625 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
33954553 6ML 4 3 6.5 12.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33625450 6ML 4.875 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
4000140271 6ML 3.75 3 5.5 11.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33506403 6ML 5.5 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33720517 6ML 5.75 3 7.125 13.125 1/24/1900 2% prepaid 5/1/2006 6
33597816 6ML 6.75 3 8 14 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33988643 6ML 4.75 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33843814 6ML 5.125 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
34124818 6ML 5.625 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34202234 6ML 5.375 3 7.875 13.875 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
33988296 6ML 5.375 3 7.25 13.25 1/0/1900 None 5/1/2009 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
34120428 6 Purchase N Y 60
34188722 6 Purchase N Y 60
33793431 6 Purchase N Y 60
34023101 6 Purchase N N 0
33926874 6 C/O Refi N N 0
33867581 6 Purchase N N 0
33925280 6 C/O Refi N N 0
33413402 6 Purchase N Y 60
33837485 6 Purchase N Y 60
34193565 6 Purchase N N 0
33173311 6 Purchase N Y 60
34084822 6 Purchase N Y 60
34114660 6 Purchase N Y 60
34143214 6 R/T Refi N Y 60
33374471 6 C/O Refi N N 0
33826496 6 C/O Refi N Y 60
33982281 6 C/O Refi N Y 60
4000133199 6 Purchase N Y 60
33790908 6 Purchase N Y 60
33118803 6 Purchase N N 0
34127985 6 Purchase N Y 60
33453879 6 Purchase N N 0
33373796 6 C/O Refi N N 0
33791260 6 Purchase N Y 60
33711284 6 Purchase N Y 60
33838293 6 Purchase N Y 60
33919457 6 C/O Refi N N 0
33921396 6 Purchase N Y 60
33954678 6 C/O Refi N N 0
33992116 6 Purchase N Y 60
34143420 6 R/T Refi N Y 60
34144295 6 Purchase N Y 60
33008897 6 Purchase N Y 60
34050047 6 C/O Refi N N 0
33625724 6 Purchase N N 0
34182303 6 Purchase N N 0
33563834 6 R/T Refi N Y 60
34242982 6 Purchase N N 0
33769431 6 Purchase N N 0
34113050 6 C/O Refi N N 0
33626334 6 C/O Refi N N 0
33916917 6 C/O Refi N Y 60
33927229 6 R/T Refi N N 0
34109868 6 C/O Refi N Y 60
4000142961 6 Purchase N Y 60
33009127 6 C/O Refi N Y 60
34052019 6 Purchase N Y 60
33551573 6 Purchase N Y 60
33954520 6 Purchase N Y 60
34049098 6 Purchase N Y 60
34202648 6 C/O Refi N N 0
33991241 6 Purchase N N 0
33476649 6 Purchase N Y 60
33954553 6 C/O Refi N Y 60
33625450 6 C/O Refi N N 0
4000140271 6 Purchase N Y 60
33506403 6 C/O Refi N Y 60
33720517 6 Purchase N N 0
33597816 6 Purchase N N 0
33988643 6 Purchase N Y 60
33843814 6 Purchase N Y 60
34124818 6 Purchase N N 0
34202234 6 C/O Refi N N 0
33988296 6 C/O Refi N Y 60
D-1-23
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33833534 INDIO 92201 CA PUD Non-Owner Occupied 12/25/1900 4/20/2004
33373499 WESTLAND 48186 MI Single Family Owner Occupied 12/25/1900 4/16/2004
33459603 FAIR LAWN 7410 NJ Single Family Owner Occupied 12/25/1900 4/30/2004
34055426 FORNEY 75126 TX PUD Owner Occupied 12/25/1900 4/30/2004
34054569 GARLAND 75043 TX Single Family Owner Occupied 12/25/1900 4/30/2004
33969718 KANSAS CITY 66104 KS Single Family Owner Occupied 12/25/1900 4/22/2004
4000142404 SALIDA 95368 CA Single Family Owner Occupied 12/25/1900 4/19/2004
34146969 PORTLAND 97206 OR Single Family Owner Occupied 12/25/1900 4/21/2004
34113662 SANTA ANA 92704 CA Single Family Owner Occupied 12/25/1900 4/22/2004
33236720 NORTH LAS VEGAS 89032 NV PUD Non-Owner Occupied 12/25/1900 4/15/2004
33239492 LAS VEGAS 89144 NV PUD Owner Occupied 12/25/1900 4/16/2004
33459322 HOPATCONG 7843 NJ Single Family Owner Occupied 12/25/1900 4/26/2004
33975301 HENDERSON 80640 CO PUD Owner Occupied 12/25/1900 4/30/2004
34094680 WHITTIER 90601 CA Single Family Owner Occupied 12/25/1900 4/29/2004
34242701 KISSIMEE 34759 FL PUD Owner Occupied 12/25/1900 4/21/2004
33589839 HOUSTON 77089 TX PUD Owner Occupied 12/25/1900 4/27/2004
34147686 SHERWOOD 97140 OR PUD Owner Occupied 12/25/1900 4/21/2004
33750092 BONNEY LAKE 98390 WA PUD Owner Occupied 12/25/1900 4/23/2004
33945726 SANTEE 92071 CA Single Family Owner Occupied 12/25/1900 4/16/2004
33719279 HUNTLEY 60142 IL Single Family Owner Occupied 12/25/1900 4/20/2004
34322222 LONG BEACH 90805 CA Single Family Owner Occupied 12/25/1900 4/28/2004
34135533 NATRONA HEIGHTS 15065 PA Single Family Owner Occupied 12/25/1900 4/28/2004
4000140747 BOYNTON BEACH 33436 FL PUD Owner Occupied 12/25/1900 4/28/2004
33832098 EL CAJON 92021 CA Condo Owner Occupied 12/25/1900 4/23/2004
33237470 HEMET 92545 CA PUD Owner Occupied 12/25/1900 4/21/2004
33747783 LAKEWOOD 98499 WA Single Family Owner Occupied 12/25/1900 4/21/2004
34143123 SALEM 97303 OR Single Family Owner Occupied 12/25/1900 4/19/2004
34242206 KISSIMMEE 34746 FL PUD Owner Occupied 12/25/1900 4/23/2004
33891177 CULPEPPER 22701 VA Single Family Owner Occupied 12/25/1900 4/26/2004
34088195 ROSAMOND 93560 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33533472 ALEXANDRIA 41001 KY Single Family Non-Owner Occupied 12/25/1900 4/30/2004
33970773 CENTENNIAL 80015 CO Single Family Owner Occupied 12/25/1900 4/21/2004
33863929 KEWASKUM 53040 WI Single Family Owner Occupied 12/25/1900 4/23/2004
33957911 CARLSBAD 92008 CA PUD Owner Occupied 12/25/1900 4/23/2004
33965013 ENGLEWOOD 80110 CO Single Family Owner Occupied 12/25/1900 4/20/2004
34243188 THE VILLAGES 32162 FL PUD Owner Occupied 12/25/1900 4/26/2004
34025791 HAMPSTEAD 3841 NH Single Family Non-Owner Occupied 12/25/1900 4/28/2004
33912437 CAPE CORAL 33909 FL Single Family Owner Occupied 12/25/1900 4/29/2004
33890500 CHESTER 23831 VA PUD Owner Occupied 12/25/1900 4/30/2004
33904921 ORLANDO 32805 FL Single Family Owner Occupied 12/25/1900 4/30/2004
33849969 PROVO 84606 UT Single Family Owner Occupied 12/25/1900 4/20/2004
33031089 HYATTSVILLE 20784 MD Single Family Owner Occupied 12/25/1900 4/26/2004
33172776 ROYAL OAK 48067 MI Single Family Owner Occupied 12/25/1900 4/22/2004
33524539 CINCINNATI 45236 OH Single Family Owner Occupied 12/25/1900 4/30/2004
33623844 OTISVILLE 48463 MI Single Family Owner Occupied 12/25/1900 4/29/2004
33749201 AUBURN 98002 WA Single Family Owner Occupied 12/25/1900 4/28/2004
34117218 FRAZIER PARK 93225 CA Single Family Owner Occupied 12/25/1900 4/20/2004
32677866 NEW GLARUS 53574 WI Single Family Owner Occupied 12/25/1900 4/23/2004
33820424 MEMPHIS 38125 TN Single Family Owner Occupied 12/25/1900 4/22/2004
33574096 BRUSH PRAIRIE 98606 WA Single Family Owner Occupied 12/25/1900 4/20/2004
34166819 VERONA 53593 WI Single Family Owner Occupied 12/25/1900 4/29/2004
34202838 BELLE PLAINE 56011 MN Single Family Owner Occupied 12/25/1900 4/23/2004
4000139369 SHAKOPEE 55379 MN Single Family Second Home 12/25/1900 4/23/2004
33353970 SIMPSONVILLE 29681 SC PUD Owner Occupied 12/25/1900 4/23/2004
33769357 BRONX 10469 NY Single Family Owner Occupied 12/25/1900 4/20/2004
33742115 ARLINGTON 98223 WA PUD Owner Occupied 12/25/1900 4/2/2004
34163584 DES PLAINES 60016 IL Single Family Owner Occupied 12/25/1900 4/26/2004
33627746 COMMERCE TWP. 48382 MI Single Family Owner Occupied 12/25/1900 4/26/2004
33773037 QUEENS VILLAGE 11429 NY Single Family Owner Occupied 12/25/1900 4/26/2004
34186312 ACWORTH 30101 GA Single Family Owner Occupied 12/25/1900 4/26/2004
32778722 RIVERHEAD 11901 NY Single Family Owner Occupied 12/25/1900 4/29/2004
31142433 COLUMBUS 43204 OH Single Family Owner Occupied 12/25/1900 4/23/2004
33098294 FRAMINGHAM 1701 MA Single Family Owner Occupied 12/25/1900 4/29/2004
33577933 TUALATIN 97062 OR Condo Owner Occupied 12/25/1900 4/22/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33833534 6/1/2004 5/1/2034 359 275400 275400 6.5 1,491.75 6/1/2004 89.99235359 0-29
33373499 6/1/2004 5/1/2034 356 119000 118042.06 7.99 872.36 9/1/2004 85 0-29
33459603 6/1/2004 5/1/2034 359 290200 289423.6 7.25 1,979.68 6/1/2004 74.9870801 0-29
34055426 6/1/2004 5/1/2034 359 153200 152988.44 7.875 1,110.81 6/1/2004 99.96802589 0-29
34054569 6/1/2004 5/1/2034 358 155000 155000 6.875 888.02 7/1/2004 100 0-29
33969718 6/1/2004 5/1/2034 359 116850 116653.08 6.875 767.63 6/1/2004 95 0-29
4000142404 6/1/2004 5/1/2034 358 191200 191200 5.25 836.50 7/1/2004 80 0-29
34146969 6/1/2004 5/1/2034 358 136800 136800 6.125 698.25 7/1/2004 80 0-29
34113662 6/1/2004 5/1/2034 359 257000 256533.48 6.5 1,624.42 6/1/2004 60.47058824 0-29
33236720 6/1/2004 5/1/2034 359 177250 177250 6.875 1,015.49 6/1/2004 89.97918676 0-29
33239492 6/1/2004 5/1/2034 359 152000 151731.04 6.625 973.28 6/1/2004 80 0-29
33459322 6/1/2004 5/1/2034 359 169600 169307.12 6.75 1,100.03 6/1/2004 80 0-29
33975301 6/1/2004 5/1/2034 359 323500 322913.5 6.5 2,044.75 6/1/2004 100 0-29
34094680 6/1/2004 5/1/2034 359 289000 288488.63 6.625 1,850.50 6/1/2004 100 0-29
34242701 6/1/2004 5/1/2034 358 123500 123286.74 6.75 801.02 7/1/2004 95 0-29
33589839 6/1/2004 5/1/2034 359 158250 158002.34 7.25 1,079.55 6/1/2004 89.97356227 0-29
34147686 6/1/2004 5/1/2034 359 133500 133500 5.75 639.69 6/1/2004 79.97316256 0-29
33750092 6/1/2004 5/1/2034 359 154850 154850 5.625 725.86 6/1/2004 79.98037291 0-29
33945726 6/1/2004 5/1/2034 359 285600 285600 5.25 1,249.50 6/1/2004 80 0-29
33719279 6/1/2004 5/1/2034 359 278350 278344.71 6.875 1,594.71 6/1/2004 95 0-29
34322222 6/1/2004 5/1/2034 359 319900 319900 5.875 1,566.18 6/1/2004 79.99499875 0-29
34135533 6/1/2004 5/1/2034 359 86000 85779.65 6.875 564.96 6/1/2004 94.50549451 0-29
4000140747 6/1/2004 5/1/2034 359 204000 204000 5.125 871.25 6/1/2004 80 0-29
33832098 6/1/2004 5/1/2034 358 233600 233600 4.5 876.00 7/1/2004 80 0-29
33237470 6/1/2004 5/1/2034 359 199950 199950 5.25 874.78 6/1/2004 79.99119877 0-29
33747783 6/1/2004 5/1/2034 359 104000 103852.72 7.75 745.07 6/1/2004 80 0-29
34143123 6/1/2004 5/1/2034 358 125350 125178.58 7.99 918.91 7/1/2004 84.98305085 0-29
34242206 6/1/2004 5/1/2034 359 154750 154750 6.5 838.23 6/1/2004 79.98862843 0-29
33891177 6/1/2004 5/1/2034 359 209000 208647.81 6.875 1,372.99 6/1/2004 95 0-29
34088195 6/1/2004 5/1/2034 358 126000 125710.31 5.25 695.78 7/1/2004 78.75 0-29
33533472 6/1/2004 5/1/2034 359 113400 113400 6.875 649.69 6/1/2004 90 0-29
33970773 6/1/2004 5/1/2034 359 198000 197575.66 5.625 1,139.80 6/1/2004 88.98876404 0-29
33863929 6/1/2004 5/1/2034 358 162830 162541.88 6.625 1,042.62 7/1/2004 95 0-29
33957911 6/1/2004 5/1/2034 359 324000 324000 5.625 1,518.75 6/1/2004 80 0-29
33965013 6/1/2004 5/1/2034 359 172000 172000 5.875 842.08 6/1/2004 80 0-29
34243188 6/1/2004 5/1/2034 359 128000 127814.11 7.625 905.98 6/1/2004 80 0-29
34025791 6/1/2004 5/1/2034 359 178500 178213.66 7.125 1,202.59 6/1/2004 85 0-29
33912437 6/1/2004 5/1/2034 359 142000 141781.41 7.5 992.89 6/1/2004 100 0-29
33890500 6/1/2004 5/1/2034 359 197500 197198.5 7.375 1,364.09 6/1/2004 99.98987444 0-29
33904921 6/1/2004 5/1/2034 359 71900 71816.96 8.75 565.64 6/1/2004 100 0-29
33849969 6/1/2004 5/1/2034 359 130900 130900 6.125 668.14 6/1/2004 85 0-29
33031089 6/1/2004 5/1/2034 358 105300 105274.22 5.875 515.53 7/1/2004 65 0-29
33172776 6/1/2004 5/1/2034 359 225000 224696.42 7.99 1,649.41 6/1/2004 75 0-29
33524539 6/1/2004 5/1/2034 359 86300 86192.33 8.375 655.95 6/1/2004 79.98146432 0-29
33623844 6/1/2004 5/1/2034 359 93000 92867.12 8 682.41 6/1/2004 100 0-29
33749201 6/1/2004 5/1/2034 359 148000 148000 5.625 693.75 6/1/2004 80 0-29
34117218 6/1/2004 5/1/2034 358 68500 68418.81 8.625 532.79 7/1/2004 100 0-29
32677866 6/1/2004 5/1/2034 359 155000 154738.81 6.875 1,018.24 6/1/2004 70.45454545 0-29
33820424 6/1/2004 5/1/2034 359 166025 165777.79 7.5 1,160.88 6/1/2004 100 0-29
33574096 6/1/2004 5/1/2034 359 136000 136000 8.75 991.67 6/1/2004 85 0-29
34166819 6/1/2004 5/1/2034 359 133000 132791.85 7.25 907.30 6/1/2004 73.88888889 0-29
34202838 6/1/2004 5/1/2034 359 168000 167695.42 6.5 1,061.88 6/1/2004 75 0-29
4000139369 6/1/2004 5/1/2034 358 225000 225000 5.999 1,124.81 7/1/2004 90 0-29
33353970 6/1/2004 5/1/2034 359 114300 114263.19 7.75 738.19 6/1/2004 90 0-29
33769357 6/1/2004 5/1/2034 358 250200 249757.28 6.625 1,602.06 7/1/2004 90 0-29
33742115 6/1/2004 5/1/2034 359 195190 195190 5.25 853.96 6/1/2004 79.99918029 0-29
34163584 6/1/2004 5/1/2034 359 187000 186617.75 5.875 1,106.18 6/1/2004 84.60236887 0-29
33627746 6/1/2004 5/1/2034 359 174600 174128.42 5 937.30 6/1/2004 90 0-29
33773037 6/1/2004 5/1/2034 359 255000 254574.69 6.99 1,694.81 6/1/2004 85 0-29
34186312 6/1/2004 5/1/2034 359 155000 155000 6.125 791.15 6/1/2004 83.78378378 0-29
32778722 6/1/2004 5/1/2034 359 261250 261250 6.375 1,387.89 6/1/2004 95 0-29
31142433 6/1/2004 5/1/2034 358 98800 98800 4.625 380.79 7/1/2004 80 0-29
33098294 6/1/2004 5/1/2034 359 312000 312000 6.625 1,722.50 6/1/2004 80 0-29
33577933 6/1/2004 5/1/2034 359 103750 103750 6.375 551.17 6/1/2004 79.9922899 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33833534 6ML 4.75 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33373499 6ML 4.875 3 7.99 13.99 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33459603 6ML 5.125 3 7.25 13.25 1/0/1900 None 5/1/2006 6
34055426 6ML 5.625 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34054569 6ML 5.875 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33969718 6ML 4.75 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000142404 6ML 3.875 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34146969 6ML 3.875 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
34113662 6ML 5 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33236720 6ML 5.25 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33239492 6ML 5.5 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33459322 6ML 5.375 3 6.75 12.75 1/0/1900 None 5/1/2006 6
33975301 6ML 5.75 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34094680 6ML 5.875 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34242701 6ML 5.75 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33589839 6ML 6.25 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34147686 6ML 3.5 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33750092 6ML 3.875 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33945726 6ML 3.75 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33719279 6ML 5.25 3 6.875 12.875 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34322222 6ML 4 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
34135533 6ML 5.75 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000140747 6ML 3.75 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33832098 6ML 3.25 3 4.5 10.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33237470 6ML 3.875 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33747783 6ML 5.875 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34143123 6ML 6.25 3 7.99 13.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34242206 6ML 5.125 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33891177 6ML 5.875 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34088195 6ML 3.875 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33533472 6ML 5 3 6.875 12.875 1/0/1900 None 5/1/2006 6
33970773 6ML 4.75 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33863929 6ML 5.875 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33957911 6ML 4 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33965013 6ML 4.625 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34243188 6ML 5.5 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34025791 6ML 4 3 7.125 13.125 1/0/1900 None 5/1/2006 6
33912437 6ML 5.375 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33890500 6ML 5.125 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33904921 6ML 6 3 8.75 14.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33849969 6ML 5.25 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33031089 6ML 4.75 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33172776 6ML 5.625 3 7.99 13.99 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33524539 6ML 6.5 3 8.375 14.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33623844 6ML 5.5 3 8 14 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33749201 6ML 4.125 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34117218 6ML 6.125 3 8.625 14.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
32677866 6ML 5 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33820424 6ML 5.25 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33574096 6ML 6.75 3 8.75 14.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34166819 6ML 5 3 7.25 13.25 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
34202838 6ML 4.625 3 6.5 12.5 1/24/1900 min (2% prepaid, 60 days interest) 5/1/2006 6
4000139369 6ML 4.625 3 5.999 11.999 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2009 6
33353970 6ML 6.25 3 7.75 13.75 1/0/1900 None 5/1/2006 6
33769357 6ML 5.75 3 6.625 12.625 1/0/1900 None 5/1/2007 6
33742115 6ML 4.125 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34163584 6ML 5.125 3 5.875 11.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33627746 6ML 4.75 3 5 11 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33773037 6ML 4.25 3 6.99 12.99 1/0/1900 None 5/1/2006 6
34186312 6ML 4.75 3 6.125 12.125 1/0/1900 None 5/1/2007 6
32778722 6ML 5.5 3 6.375 12.375 1/0/1900 None 5/1/2007 6
31142433 6ML 4 3 4.625 10.625 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33098294 6ML 5.25 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33577933 6ML 4.5 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33833534 6 Purchase N Y 60
33373499 6 C/O Refi N N 0
33459603 6 Purchase N N 0
34055426 6 Purchase N N 0
34054569 6 Purchase N Y 60
33969718 6 Purchase N N 0
4000142404 6 Purchase N Y 60
34146969 6 Purchase N Y 60
34113662 6 C/O Refi N N 0
33236720 6 Purchase N Y 60
33239492 6 Purchase N N 0
33459322 6 C/O Refi N N 0
33975301 6 Purchase N N 0
34094680 6 Purchase N N 0
34242701 6 C/O Refi N N 0
33589839 6 Purchase N N 0
34147686 6 Purchase N Y 60
33750092 6 Purchase N Y 60
33945726 6 Purchase N Y 60
33719279 6 C/O Refi N Y 60
34322222 6 Purchase N Y 60
34135533 6 C/O Refi N N 0
4000140747 6 Purchase N Y 60
33832098 6 Purchase N Y 60
33237470 6 Purchase N Y 60
33747783 6 C/O Refi N N 0
34143123 6 R/T Refi N N 0
34242206 6 Purchase N Y 60
33891177 6 C/O Refi N N 0
34088195 6 C/O Refi N N 0
33533472 6 Purchase N Y 60
33970773 6 C/O Refi N N 0
33863929 6 C/O Refi N N 0
33957911 6 C/O Refi N Y 60
33965013 6 R/T Refi N Y 60
34243188 6 C/O Refi N N 0
34025791 6 Purchase N N 0
33912437 6 Purchase N N 0
33890500 6 Purchase N N 0
33904921 6 Purchase N N 0
33849969 6 R/T Refi N Y 60
33031089 6 C/O Refi N Y 60
33172776 6 C/O Refi N N 0
33524539 6 Purchase N N 0
33623844 6 Purchase N N 0
33749201 6 Purchase N Y 60
34117218 6 Purchase N N 0
32677866 6 C/O Refi N N 0
33820424 6 Purchase N N 0
33574096 6 C/O Refi N Y 60
34166819 6 Purchase N N 0
34202838 6 C/O Refi N N 0
4000139369 6 Purchase N Y 60
33353970 6 Purchase N Y 60
33769357 6 C/O Refi N N 0
33742115 6 Purchase N Y 60
34163584 6 C/O Refi N N 0
33627746 6 C/O Refi N N 0
33773037 6 Purchase N N 0
34186312 6 C/O Refi N Y 60
32778722 6 Purchase N Y 60
31142433 6 Purchase N Y 60
33098294 6 Purchase N Y 60
33577933 6 Purchase N Y 60
D-1-24
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33886649 COLUMBIA 21045 MD Single Family Owner Occupied 12/25/1900 4/26/2004
33886862 GAMBRILLS 21054 MD Single Family Owner Occupied 12/25/1900 4/26/2004
34168013 ROCKFORD 61109 IL Single Family Owner Occupied 12/25/1900 4/29/2004
33970930 ARVADA 80005 CO PUD Owner Occupied 12/25/1900 4/23/2004
33920810 ALTAMONTE SPRINGS 32701 FL Single Family Owner Occupied 360 4/21/2004
33887118 MANASSAS 20109 VA PUD Owner Occupied 12/25/1900 4/19/2004
34147041 CORNELIUS 97113 OR Single Family Owner Occupied 12/25/1900 4/27/2004
34248062 LUTZ 33559 FL PUD Owner Occupied 12/25/1900 4/29/2004
33915273 LAKELAND 33811 FL PUD Owner Occupied 12/25/1900 4/23/2004
33173717 SAGINAW 48602 MI Single Family Owner Occupied 12/25/1900 4/29/2004
33456450 PHILADELPHIA 19126 PA Single Family Owner Occupied 12/25/1900 4/26/2004
33525353 MORROW 45152 OH Single Family Owner Occupied 12/25/1900 4/23/2004
33525650 COLUMBUS 43230 OH Single Family Owner Occupied 12/25/1900 4/23/2004
33745472 EVERETT 98208 WA Single Family Owner Occupied 12/25/1900 4/8/2004
33863945 MILWAUKEE 53212 WI Single Family Owner Occupied 12/25/1900 4/26/2004
33867268 SAINT LOUIS 63126 MO Single Family Owner Occupied 12/25/1900 4/21/2004
34116848 SAN BERNARDINO 92404 CA Single Family Owner Occupied 12/25/1900 4/15/2004
34243006 NEW SMYRNA BEACH 32169 FL Condo Owner Occupied 12/25/1900 4/23/2004
33561366 SANTA CLARITA 91387 CA Single Family Owner Occupied 12/25/1900 4/20/2004
33811910 NASHVILLE 37214 TN Single Family Owner Occupied 12/25/1900 4/23/2004
33890708 SEVERNA PARK 21146 MD Single Family Owner Occupied 12/25/1900 4/26/2004
33918558 BIRMINGHAM 35208 AL Single Family Owner Occupied 12/25/1900 4/26/2004
34055392 FORT WORTH 76137 TX Single Family Owner Occupied 12/25/1900 4/29/2004
34188664 RIVERDALE 30274 GA Single Family Owner Occupied 12/25/1900 4/30/2004
33373994 CANTON 48188 MI Condo Owner Occupied 12/25/1900 4/30/2004
34051250 DALLAS 75218 TX Single Family Owner Occupied 12/25/1900 4/26/2004
33887951 LAUREL 20724 MD PUD Owner Occupied 12/25/1900 4/26/2004
33889148 CLINTON 20735 MD Single Family Owner Occupied 12/25/1900 4/23/2004
4000117164 CHAMBERSBURG 17201 PA Single Family Owner Occupied 12/25/1900 4/22/2004
34186247 NASHVILLE 37216 TN Single Family Owner Occupied 12/25/1900 4/29/2004
33099367 STRAFFORD 3884 NH Single Family Owner Occupied 12/25/1900 4/27/2004
33220013 CHINO VALLEY 86323 AZ Single Family Second Home 12/25/1900 4/28/2004
34129635 INDEPENDENCE 41051 KY Single Family Owner Occupied 12/25/1900 4/30/2004
34183731 ALBANY 31721 GA Single Family Owner Occupied 12/25/1900 4/28/2004
33913245 CLEARWATER 33764 FL Single Family Owner Occupied 12/25/1900 4/22/2004
4000128259 WOODBURY 55125 MN PUD Owner Occupied 12/25/1900 5/3/2004
33099672 PEMBROKE 2359 MA Single Family Owner Occupied 12/25/1900 4/29/2004
33172511 FREELAND 48623 MI Single Family Owner Occupied 12/25/1900 4/20/2004
33720194 STREAMWOOD 60107 IL Single Family Owner Occupied 12/25/1900 4/26/2004
34149583 PORTLAND 97219 OR Single Family Owner Occupied 12/25/1900 4/22/2004
32822876 BEAUMONT 92223 CA Single Family Owner Occupied 12/25/1900 4/14/2004
34093104 WILMINGTON 90744 CA Single Family Owner Occupied 12/25/1900 4/26/2004
33721705 LINCOLNWOOD 60712 IL Single Family Owner Occupied 12/25/1900 4/26/2004
34263616 LEAGUE CITY 77573 TX PUD Owner Occupied 12/25/1900 4/29/2004
33910399 BIRMINGHAM 35206 AL Single Family Owner Occupied 12/25/1900 4/22/2004
34204933 MINNETONKA 55345 MN Single Family Owner Occupied 12/25/1900 4/29/2004
33994625 COOPER CITY 33328 FL Single Family Owner Occupied 12/25/1900 4/29/2004
33913575 JACKSONVILLE 32205 FL Condo Owner Occupied 12/25/1900 4/23/2004
34204487 SOUTH SAINT PAUL 55075 MN Single Family Owner Occupied 12/25/1900 4/22/2004
34282988 PERRIS 92571 CA PUD Owner Occupied 12/25/1900 4/27/2004
34163816 LAKE ZURICH 60047 IL Single Family Owner Occupied 12/25/1900 4/26/2004
4000140313 CHICO 95926 CA Single Family Owner Occupied 12/25/1900 4/23/2004
33037219 BOWIE 20715 MD Single Family Owner Occupied 12/25/1900 3/31/2004
33724485 WHITTIER 90603 CA Single Family Owner Occupied 12/25/1900 3/2/2004
33236670 LAS VEGAS 89147 NV PUD Owner Occupied 12/25/1900 3/26/2004
33524000 GALLOWAY 43119 OH Single Family Owner Occupied 12/25/1900 3/30/2004
33533308 LEXINGTON 40515 KY Single Family Owner Occupied 12/25/1900 3/26/2004
33533456 MONCLOVA 43542 OH Single Family Owner Occupied 12/25/1900 3/25/2004
33910712 ORLANDO 32806 FL Single Family Non-Owner Occupied 12/25/1900 3/30/2004
33785536 FAIRFIELD 94533 CA Single Family Owner Occupied 12/25/1900 3/17/2004
33902115 VERO BEACH 32967 FL Single Family Owner Occupied 12/25/1900 3/26/2004
34127449 CINCINNATI 45227 OH Single Family Non-Owner Occupied 12/25/1900 3/31/2004
33214412 VAIL 85641 AZ PUD Owner Occupied 12/25/1900 3/17/2004
33493404 SACRAMENTO 95833 CA Single Family Owner Occupied 12/25/1900 3/22/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33886649 6/1/2004 5/1/2034 358 175200 174932.54 7.375 1,210.07 7/1/2004 80 0-29
33886862 6/1/2004 5/1/2034 359 196000 196000 7.375 1,204.58 6/1/2004 79.67479675 0-29
34168013 6/1/2004 5/1/2034 359 52600 52525.5 7.75 376.84 6/1/2004 80 0-29
33970930 6/1/2004 5/1/2034 359 209600 209600 7.125 1,244.50 6/1/2004 80 0-29
33920810 6/1/2004 5/1/2034 12/23/1900 142000 141788.56 7.5 992.89 7/1/2004 4/3/1900 0-29
33887118 6/1/2004 5/1/2034 358 150000 149931.08 6.125 765.63 7/1/2004 76.92307692 0-29
34147041 6/1/2004 5/1/2034 359 180000 180000 5.5 825.00 6/1/2004 80 0-29
34248062 6/1/2004 5/1/2034 359 79800 79784.19 6.375 423.94 6/1/2004 95 0-29
33915273 6/1/2004 5/1/2034 359 161100 160871.84 7.75 1,154.15 6/1/2004 90 0-29
33173717 6/1/2004 5/1/2034 358 56900 56799.09 7.375 393.00 7/1/2004 100 0-29
33456450 6/1/2004 5/1/2034 359 72000 71905.48 8.125 534.60 6/1/2004 90 0-29
33525353 6/1/2004 5/1/2034 359 121600 121390.01 6.75 788.70 6/1/2004 95 0-29
33525650 6/1/2004 5/1/2034 359 134500 134278.84 7 894.84 6/1/2004 89.66666667 0-29
33745472 6/1/2004 5/1/2034 359 182000 182000 5.625 853.13 6/1/2004 80 0-29
33863945 6/1/2004 5/1/2034 359 82000 81851.34 6.5 518.30 6/1/2004 77.35849057 0-29
33867268 6/1/2004 5/1/2034 358 119000 119000 6.875 681.77 7/1/2004 85 0-29
34116848 6/1/2004 5/1/2034 358 164000 163695.39 6.375 1,023.15 7/1/2004 80 0-29
34243006 6/1/2004 5/1/2034 359 209000 208555.77 7 1,390.49 6/1/2004 95 0-29
33561366 6/1/2004 5/1/2034 359 311200 311200 5.375 1,393.92 6/1/2004 80 0-29
33811910 6/1/2004 5/1/2034 359 126800 126800 7.25 766.08 6/1/2004 80 0-29
33890708 6/1/2004 5/1/2034 359 276800 276600 7.25 1,672.33 6/1/2004 93.83050847 0-29
33918558 6/1/2004 5/1/2034 359 58500 58403.8 7 389.21 6/1/2004 90 0-29
34055392 6/1/2004 5/1/2034 359 87500 87500 6.125 446.61 6/1/2004 79.99341768 0-29
34188664 6/1/2004 5/1/2034 359 71200 71200 6.75 400.50 6/1/2004 80 0-29
33373994 6/1/2004 5/1/2034 358 158950 158735.31 8 1,166.32 7/1/2004 99.97484118 0-29
34051250 6/1/2004 5/1/2034 359 240000 239543.35 6.25 1,477.73 6/1/2004 80 0-29
33887951 6/1/2004 5/1/2034 359 289000 289000 7 1,685.83 6/1/2004 80.50139276 0-29
33889148 6/1/2004 5/1/2034 359 217050 216684.25 6.875 1,425.87 6/1/2004 94.98905908 0-29
4000117164 6/1/2004 5/1/2034 359 110400 110400 5.25 483.00 6/1/2004 80 0-29
34186247 6/1/2004 5/1/2034 358 47175 47121.9 8.875 375.35 7/1/2004 85 0-29
33099367 6/1/2004 5/1/2034 359 216600 216243.86 7 1,441.05 6/1/2004 95 0-29
33220013 6/1/2004 5/1/2034 359 179900 179557.71 6.25 1,107.68 6/1/2004 89.9949975 0-29
34129635 6/1/2004 5/1/2034 359 153500 153500 6.375 815.47 6/1/2004 100 0-29
34183731 6/1/2004 5/1/2034 359 67500 67401.73 7.625 477.77 6/1/2004 90 0-29
33913245 6/1/2004 5/1/2034 358 102400 102223.16 6.75 664.17 7/1/2004 80 0-29
4000128259 7/1/2004 6/1/2034 360 120000 120000 3.999 399.90 7/1/2004 80 0-29
33099672 6/1/2004 5/1/2034 358 231900 231438 5.375 1,038.72 7/1/2004 79.99310107 0-29
33172511 6/1/2004 5/1/2034 359 207000 206524.08 5.25 1,143.07 6/1/2004 88.08510638 0-29
33720194 6/1/2004 5/1/2034 359 171450 171115.87 6.125 1,041.75 6/1/2004 84.99700069 0-29
34149583 6/1/2004 5/1/2034 359 147650 147650 6.25 769.01 6/1/2004 79.98374865 0-29
32822876 6/1/2004 5/1/2034 359 244050 244005.67 5.5 1,118.56 6/1/2004 79.99724656 0-29
34093104 6/1/2004 5/1/2034 359 305000 304214.48 5.375 1,707.92 6/1/2004 87.14285714 0-29
33721705 6/1/2004 5/1/2034 359 261000 260515.22 6.375 1,628.31 6/1/2004 94.90909091 0-29
34263616 6/1/2004 5/1/2034 359 179800 179800 6.375 955.19 6/1/2004 100 0-29
33910399 6/1/2004 5/1/2034 359 64800 64800 7.625 411.75 6/1/2004 90 0-29
34204933 6/1/2004 5/1/2034 359 239200 239134.09 5.5 1,096.33 6/1/2004 80 0-29
33994625 6/1/2004 5/1/2034 359 234000 234000 5.25 1,023.75 6/1/2004 80 0-29
33913575 6/1/2004 5/1/2034 359 126500 126281.55 6.75 820.48 6/1/2004 61.70731707 0-29
34204487 6/1/2004 5/1/2034 359 165000 164978.98 7.25 996.88 6/1/2004 82.5 0-29
34282988 6/1/2004 5/1/2034 359 204400 204400 4.875 830.38 6/1/2004 80 0-29
34163816 6/1/2004 5/1/2034 358 332500 331735.55 5.25 1,836.08 7/1/2004 72.2826087 0-29
4000140313 6/1/2004 5/1/2034 359 169200 169200 5.625 793.13 6/1/2004 80 0-29
33037219 5/1/2004 4/1/2034 358 224000 224000 6.5 1,213.33 6/1/2004 80 0-29
33724485 5/1/2004 4/1/2034 358 308000 308000 5.625 1,443.75 6/1/2004 80 0-29
33236670 5/1/2004 4/1/2034 358 200000 200000 6.125 1,020.83 6/1/2004 80 0-29
33524000 5/1/2004 4/1/2034 358 113600 113600 6.5 615.33 6/1/2004 80 0-29
33533308 5/1/2004 4/1/2034 358 313200 312425.31 7 2,083.73 6/1/2004 90 0-29
33533456 5/1/2004 4/1/2034 358 129200 128895.77 7.25 881.38 6/1/2004 85 0-29
33910712 5/1/2004 4/1/2034 357 135000 135000 7.625 857.81 7/1/2004 90 0-29
33785536 5/1/2004 4/1/2034 358 285000 284998.19 6.75 1,603.13 6/1/2004 93.44262295 0-29
33902115 5/1/2004 4/1/2034 358 104500 104500 5.75 500.73 6/1/2004 95 0-29
34127449 5/1/2004 4/1/2034 358 131200 130898.64 7.375 906.17 6/1/2004 80 0-29
33214412 5/1/2004 4/1/2034 358 232050 231371.12 6.75 1,505.08 6/1/2004 94.98528455 0-29
33493404 5/1/2004 4/1/2034 357 283950 283950 6.5 1,538.06 7/1/2004 79.98816868 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33886649 6ML 6 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33886862 6ML 6.5 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34168013 6ML 5.875 3 7.75 13.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33970930 6ML 5.625 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33920810 6ML 6.5 3 7.5 13.5 24 6 mo.s interest less 20% obal 5/1/2006 1/6/1900
33887118 6ML 3.875 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
34147041 6ML 4.25 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34248062 6ML 5.25 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33915273 6ML 6.75 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33173717 6ML 5.25 3 7.375 13.375 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33456450 6ML 6.625 3 8.125 14.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33525353 6ML 5.5 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33525650 6ML 6.125 3 7 13 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33745472 6ML 4.5 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33863945 6ML 5.125 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33867268 6ML 5 3 6.875 12.875 1/24/1900 2% prepaid 5/1/2006 6
34116848 6ML 5 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34243006 6ML 6.125 3 7 13 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33561366 6ML 3.5 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33811910 6ML 5.75 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33890708 6ML 6.125 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33918558 6ML 6 3 7 13 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34055392 6ML 4.25 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
34188664 6ML 4.625 3 6.75 12.75 1/0/1900 None 5/1/2009 6
33373994 6ML 5.5 3 8 14 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34051250 6ML 4.875 3 6.25 12.25 1/0/1900 None 5/1/2007 6
33887951 6ML 5.375 3 7 13 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33889148 6ML 6.25 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000117164 6ML 3.75 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
34186247 6ML 5.5 3 8.875 14.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33099367 6ML 6.25 3 7 13 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33220013 6ML 5.5 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34129635 6ML 5.375 3 6.375 12.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34183731 6ML 6.375 3 7.625 13.625 1/0/1900 None 5/1/2006 6
33913245 6ML 5.125 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000128259 6ML 2.875 1 3.999 10 2/5/1900 min (2% prepaid, 60 days interest) 12/1/2004 6
33099672 6ML 3.875 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33172511 6ML 5 3 5.25 11.25 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33720194 6ML 4.75 3 6.125 12.125 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34149583 6ML 4.25 3 6.25 12.25 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
32822876 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34093104 6ML 4.625 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33721705 6ML 5.5 3 6.375 12.375 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34263616 6ML 5.375 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33910399 6ML 7 3 7.625 13.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
34204933 6ML 3.75 3 5.5 11.5 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2009 6
33994625 6ML 4.25 3 5.25 11.25 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33913575 6ML 5 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34204487 6ML 6.125 3 7.25 13.25 2/5/1900 min (2% prepaid, 60 days interest) 5/1/2007 6
34282988 6ML 3.375 3 4.875 10.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34163816 6ML 4 3 5.25 11.25 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
4000140313 6ML 3.875 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33037219 6ML 5.25 3 6.5 12.5 1/12/1900 6 mo.s interest less 20% obal 4/1/2006 6
33724485 6ML 3.75 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33236670 6ML 4.875 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33524000 6ML 5.25 3 6.5 12.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33533308 6ML 5.75 3 7 13 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33533456 6ML 5.75 3 7.25 13.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33910712 6ML 6.25 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33785536 6ML 5.75 3 6.75 12.75 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
33902115 6ML 5 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
34127449 6ML 3.5 3 7.375 13.375 1/0/1900 None 4/1/2006 6
33214412 6ML 6.25 3 6.75 12.75 1/12/1900 6 mo.s interest less 20% obal 4/1/2006 6
33493404 6ML 5.125 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33886649 6 C/O Refi N N 0
33886862 6 C/O Refi N Y 60
34168013 6 Purchase N N 0
33970930 6 C/O Refi N Y 60
33920810 6 C/O Refi N N 0
33887118 6 C/O Refi N Y 60
34147041 6 Purchase N Y 60
34248062 6 Purchase N Y 60
33915273 6 Purchase N N 0
33173717 6 Purchase N N 0
33456450 6 C/O Refi N N 0
33525353 6 R/T Refi N N 0
33525650 6 C/O Refi N N 0
33745472 6 Purchase N Y 60
33863945 6 R/T Refi N N 0
33867268 6 C/O Refi N Y 60
34116848 6 C/O Refi N N 0
34243006 6 Purchase N N 0
33561366 6 Purchase N Y 60
33811910 6 Purchase N Y 60
33890708 6 C/O Refi N Y 60
33918558 6 C/O Refi N N 0
34055392 6 Purchase N Y 60
34188664 6 Purchase N Y 60
33373994 6 Purchase N N 0
34051250 6 C/O Refi N N 0
33887951 6 C/O Refi N Y 60
33889148 6 Purchase N N 0
4000117164 6 Purchase N Y 60
34186247 6 Purchase N N 0
33099367 6 Purchase N N 0
33220013 6 Purchase N N 0
34129635 6 Purchase N Y 60
34183731 6 Purchase N N 0
33913245 6 C/O Refi N N 0
4000128259 6 Purchase N Y 60
33099672 6 Purchase N Y 60
33172511 6 C/O Refi N N 0
33720194 6 C/O Refi N N 0
34149583 6 Purchase N Y 60
32822876 6 Purchase N Y 60
34093104 6 C/O Refi N N 0
33721705 6 C/O Refi N N 0
34263616 6 Purchase N Y 60
33910399 6 Purchase N Y 60
34204933 6 Purchase N Y 60
33994625 6 Purchase N Y 60
33913575 6 C/O Refi N N 0
34204487 6 R/T Refi N Y 60
34282988 6 Purchase N Y 60
34163816 6 C/O Refi N N 0
4000140313 6 Purchase N Y 60
33037219 6 Purchase N Y 60
33724485 6 C/O Refi N Y 60
33236670 6 C/O Refi N Y 60
33524000 6 Purchase N Y 60
33533308 6 C/O Refi N N 0
33533456 6 C/O Refi N N 0
33910712 6 Purchase N Y 60
33785536 6 C/O Refi N Y 60
33902115 6 Purchase N Y 60
34127449 6 Purchase N N 0
33214412 6 Purchase N N 0
33493404 6 Purchase N Y 60
D-1-25
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33099896 BRISTOL 3222 NH Single Family Owner Occupied 12/25/1900 3/26/2004
33489535 VACAVILLE 95687 CA Single Family Owner Occupied 12/25/1900 3/16/2004
33619818 ORLANDO 32828 FL PUD Owner Occupied 12/25/1900 3/31/2004
33825779 PERRIS 92570 CA Single Family Owner Occupied 12/25/1900 3/19/2004
33943259 SAN DIEGO 92139 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33825399 RIVERSIDE 92507 CA Single Family Owner Occupied 12/25/1900 3/18/2004
33368390 SOUTHFIELD 48075 MI Single Family Owner Occupied 12/25/1900 3/22/2004
33450982 ISELIN 8830 NJ Single Family Owner Occupied 12/25/1900 3/24/2004
33559451 MENIFEE 92584 CA Single Family Owner Occupied 12/25/1900 3/23/2004
4000106007 BRIDGEPORT 6610 CT Multi Family - 2 Units Owner Occupied 12/25/1900 4/8/2004
33117912 LINO LAKES 55014 MN Single Family Owner Occupied 12/25/1900 3/26/2004
33811829 GOODLETSVILLE 37072 TN Single Family Owner Occupied 12/25/1900 3/25/2004
33561283 ESCONDIDO 92027 CA Condo Owner Occupied 12/25/1900 3/26/2004
33982257 NORTH LAUDERDALE 33068 FL PUD Owner Occupied 12/25/1900 3/25/2004
33945643 SAN DIEGO 92154 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33316258 FORT COLLINS 80526 CO Single Family Owner Occupied 12/25/1900 3/25/2004
33742784 SEATTLE 98125 WA Single Family Owner Occupied 12/25/1900 3/23/2004
33006362 BEDFORD 47421 IN Single Family Owner Occupied 12/25/1900 3/29/2004
33370446 HIGHLAND PARK 48203 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33763392 BROOKLYN 11236 NY Single Family Owner Occupied 12/25/1900 3/29/2004
34102004 DUARTE 91010 CA PUD Owner Occupied 12/25/1900 3/26/2004
33366402 DETROIT 48228 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33710518 CARPENTERSVILLE 60110 IL Single Family Owner Occupied 12/25/1900 3/31/2004
4000133730 HOLLISTER 95023 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33217712 PHOENIX 85014 AZ Condo Owner Occupied 12/25/1900 3/26/2004
33318882 GLENDALE 80246 CO Condo Owner Occupied 12/25/1900 3/24/2004
33522640 YOUNGSTOWN 44510 OH Single Family Owner Occupied 12/25/1900 3/29/2004
33517327 RANCHO CUCAMONGA 91737 CA Single Family Owner Occupied 12/25/1900 3/11/2004
33433848 EASTLAND 76448 TX Single Family Owner Occupied 12/25/1900 3/29/2004
33452327 ENGLEWOOD 7631 NJ Single Family Owner Occupied 12/25/1900 3/26/2004
33943945 CHULA VISTA 91913 CA Condo Owner Occupied 12/25/1900 3/23/2004
33495243 VACAVILLE 95687 CA Single Family Non-Owner Occupied 12/25/1900 3/25/2004
33683905 LOS BANOS 93635 CA Single Family Owner Occupied 12/25/1900 3/16/2004
33214701 MESA 85205 AZ Single Family Owner Occupied 12/25/1900 3/26/2004
4000089734 PHILADELPHIA 19126 PA Multi Family - 2 Units Owner Occupied 12/25/1900 3/31/2004
33474685 RESEDA AREA 91335 CA Single Family Owner Occupied 12/25/1900 3/26/2004
33812512 CORDOVA 38018 TN Single Family Owner Occupied 12/25/1900 3/30/2004
33578857 TROUTDALE 97060 OR Single Family Owner Occupied 12/25/1900 3/22/2004
33079385 CONCORD 94520 CA Condo Owner Occupied 12/25/1900 3/4/2004
32919334 TAYLORSVILLE 84118 UT Single Family Owner Occupied 12/25/1900 3/19/2004
33258179 MIAMI 33178 FL PUD Owner Occupied 12/25/1900 3/29/2004
33218165 SANTA FE 87507 NM PUD Owner Occupied 12/25/1900 3/26/2004
33983081 MIAMI 33178 FL PUD Owner Occupied 12/25/1900 3/31/2004
33807041 CARROLLTON 30116 GA PUD Owner Occupied 12/25/1900 3/31/2004
33369174 DETROIT 48235 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33537382 ELSMERE 41018 KY Single Family Owner Occupied 12/25/1900 3/31/2004
33713389 PERU 46970 IN Single Family Owner Occupied 12/25/1900 3/30/2004
33433145 GREENVILLE 75402 TX Single Family Owner Occupied 12/25/1900 3/26/2004
33725623 FONTANA 92337 CA Single Family Owner Occupied 12/25/1900 3/19/2004
33986209 MIAMI 33157 FL Single Family Non-Owner Occupied 12/25/1900 3/31/2004
34042523 RICHARDSON 75081 TX Single Family Owner Occupied 12/25/1900 3/26/2004
34044701 GARLAND 75044 TX Single Family Non-Owner Occupied 12/25/1900 3/26/2004
33985532 PORT SAINT LUCIE 34986 FL PUD Owner Occupied 12/25/1900 3/30/2004
33986175 SUNRISE 33322 FL PUD Owner Occupied 12/25/1900 3/31/2004
33785197 ROHNERT PARK 94928 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33622713 DETROIT 48235 MI Single Family Owner Occupied 12/25/1900 3/25/2004
33518044 LOS ANGELES 90044 CA Multi Family - 2 Units Owner Occupied 12/25/1900 3/17/2004
33814971 CORDOVA 38016 TN Single Family Owner Occupied 12/25/1900 3/25/2004
4000120424 FENTON 48430 MI Single Family Second Home 12/25/1900 3/18/2004
33260357 FORT LAUDERDALE 33334 FL Single Family Owner Occupied 12/25/1900 3/31/2004
33349465 TAYLORS 29687 SC PUD Owner Occupied 12/25/1900 3/26/2004
33883406 SUFFOLK 23434 VA Single Family Owner Occupied 12/25/1900 3/23/2004
33079245 LATHROP 95330 CA Single Family Owner Occupied 12/25/1900 3/12/2004
33493677 NORTH HIGHLANDS 95660 CA Single Family Owner Occupied 12/25/1900 3/19/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33099896 5/1/2004 4/1/2034 358 158650 158294.55 7.5 1,109.31 6/1/2004 95 0-29
33489535 5/1/2004 4/1/2034 358 228000 228000 6.375 1,211.25 6/1/2004 84.44444444 0-29
33619818 5/1/2004 4/1/2034 358 332400 330841.55 5.125 1,809.88 6/1/2004 94.99857102 0-29
33825779 5/1/2004 4/1/2034 358 146600 146287.55 7.75 1,050.27 6/1/2004 84.98550725 0-29
33943259 5/1/2004 4/1/2034 357 296000 296000 5.25 1,295.00 7/1/2004 80 0-29
33825399 5/1/2004 4/1/2034 358 157600 157600 5.5 722.33 6/1/2004 80 0-29
33368390 5/1/2004 4/1/2034 358 201400 200837.4 6.375 1,256.48 6/1/2004 95 0-29
33450982 5/1/2004 4/1/2034 358 233750 233750 7.875 1,533.98 6/1/2004 85 0-29
33559451 5/1/2004 4/1/2034 358 272000 272000 5.5 1,246.67 6/1/2004 80 0-29
4000106007 6/1/2004 5/1/2034 359 255000 254600.95 7.25 1,739.55 6/1/2004 100 0-29
33117912 5/1/2004 4/1/2034 358 221000 221000 6 1,105.00 6/1/2004 80.36363636 0-29
33811829 5/1/2004 4/1/2034 358 78800 78800 6.875 451.46 6/1/2004 80 0-29
33561283 5/1/2004 4/1/2034 358 319000 319000 6.625 1,761.15 6/1/2004 83.94736842 0-29
33982257 5/1/2004 4/1/2034 357 107350 107083.92 6.99 713.49 7/1/2004 95 0-29
33945643 5/1/2004 4/1/2034 357 300000 300000 5.5 1,375.00 7/1/2004 80 0-29
33316258 5/1/2004 4/1/2034 358 148800 148800 6.125 759.50 6/1/2004 80 0-29
33742784 5/1/2004 4/1/2034 358 194000 194000 5.99 968.38 6/1/2004 80 0-29
33006362 5/1/2004 4/1/2034 358 52450 52352.28 8.5 403.30 6/1/2004 89.96569468 0-29
33370446 5/1/2004 4/1/2034 358 136850 136850 6.25 712.76 6/1/2004 85 0-29
33763392 5/1/2004 4/1/2034 358 299000 298313.25 7.375 2,065.12 6/1/2004 100 0-29
34102004 5/1/2004 4/1/2034 357 239200 238937.92 5.25 1,046.50 7/1/2004 80 0-29
33366402 5/1/2004 4/1/2034 358 80800 80584.92 6.625 517.38 6/1/2004 94.94712103 0-29
33710518 5/1/2004 4/1/2034 358 185900 185483.52 7.5 1,299.84 6/1/2004 100 0-29
4000133730 5/1/2004 4/1/2034 358 237500 237500 7 1,385.42 6/1/2004 71.96969697 0-29
33217712 5/1/2004 4/1/2034 358 60000 60000 6.125 306.25 6/1/2004 80 0-29
33318882 5/1/2004 4/1/2034 358 104850 104850 7.875 688.08 6/1/2004 74.89285714 0-29
33522640 5/1/2004 4/1/2034 358 35700 35629.44 8.125 265.08 6/1/2004 85 0-29
33517327 5/1/2004 4/1/2034 358 226400 226400 6.125 1,155.58 6/1/2004 80 0-29
33433848 5/1/2004 4/1/2034 358 48150 48150 8.25 331.03 6/1/2004 90 0-29
33452327 5/1/2004 4/1/2034 358 196000 195326.03 6 1,175.12 6/1/2004 68.77192982 0-29
33943945 5/1/2004 4/1/2034 358 310050 310050 5.75 1,485.66 6/1/2004 79.99886472 0-29
33495243 5/1/2004 4/1/2034 358 280500 280500 6.125 1,431.72 6/1/2004 85 0-29
33683905 5/1/2004 4/1/2034 358 198700 197768.69 5.625 931.41 6/1/2004 79.99194847 0-29
33214701 5/1/2004 4/1/2034 358 142500 142500 6 712.50 6/1/2004 93.75 0-29
4000089734 5/1/2004 4/1/2034 358 96000 96000 5.5 440.00 6/1/2004 80 0-29
33474685 5/1/2004 4/1/2034 358 300000 300000 5.625 1,406.25 6/1/2004 80 0-29
33812512 5/1/2004 4/1/2034 358 148620 148620 6.75 835.99 6/1/2004 80 0-29
33578857 5/1/2004 4/1/2034 358 138000 138000 6.375 733.13 6/1/2004 76.66666667 0-29
33079385 5/1/2004 4/1/2034 359 164000 164000 7.5 1,025.00 5/1/2004 80 0-29
32919334 5/1/2004 4/1/2034 358 126000 126000 6.875 721.88 6/1/2004 90 0-29
33258179 5/1/2004 4/1/2034 358 321750 321750 6.625 1,776.33 6/1/2004 90 0-29
33218165 5/1/2004 4/1/2034 357 185000 184634.48 8.125 1,373.62 7/1/2004 100 0-29
33983081 5/1/2004 4/1/2034 357 256000 255929.33 6.625 1,413.33 7/1/2004 80 0-29
33807041 5/1/2004 4/1/2034 358 245600 245600 5.125 1,048.92 6/1/2004 80 0-29
33369174 5/1/2004 4/1/2034 358 122500 122200 7.125 727.34 6/1/2004 79.03225806 0-29
33537382 5/1/2004 4/1/2034 357 89200 89200 6.875 511.04 7/1/2004 80 0-29
33713389 5/1/2004 4/1/2034 357 56950 56812.54 7.125 383.69 7/1/2004 85 0-29
33433145 5/1/2004 4/1/2034 358 80500 80294.25 8.25 604.77 6/1/2004 84.97835955 0-29
33725623 5/1/2004 4/1/2034 359 216000 216000 5.75 1,035.00 5/1/2004 80 0-29
33986209 5/1/2004 4/1/2034 358 136800 136800 5.75 655.50 6/1/2004 80 0-29
34042523 5/1/2004 4/1/2034 358 113600 113290.24 6.5 718.03 6/1/2004 80 0-29
34044701 5/1/2004 4/1/2034 358 84000 83791.79 6.99 558.30 6/1/2004 70 0-29
33985532 5/1/2004 4/1/2034 358 157900 157579.36 7.99 1,157.52 6/1/2004 100 0-29
33986175 5/1/2004 4/1/2034 358 127900 127640.81 8 938.49 6/1/2004 100 0-29
33785197 5/1/2004 4/1/2034 358 316000 316000 5.625 1,481.25 6/1/2004 80 0-29
33622713 5/1/2004 4/1/2034 358 118000 118000 6.625 651.46 6/1/2004 86.76470588 0-29
33518044 5/1/2004 4/1/2034 357 246000 245345.26 6.625 1,575.17 7/1/2004 94.98069498 0-29
33814971 5/1/2004 4/1/2034 358 151920 151920 5.75 727.95 6/1/2004 80 0-29
4000120424 5/1/2004 4/1/2034 356 135000 134604.36 6.125 820.27 8/1/2004 68.18181818 0-29
33260357 5/1/2004 4/1/2034 358 185250 185250 6.75 1,042.03 6/1/2004 95 0-29
33349465 5/1/2004 4/1/2034 358 106300 106279.38 6.375 564.72 6/1/2004 94.99553172 0-29
33883406 5/1/2004 4/1/2034 358 100800 100800 8.25 693.00 6/1/2004 90 0-29
33079245 5/1/2004 4/1/2034 358 240000 240000 7.25 1,450.00 6/1/2004 80 0-29
33493677 5/1/2004 4/1/2034 358 67950 67777.27 6.875 446.39 6/1/2004 32.98543689 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33099896 6ML 6.75 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33489535 6ML 5.25 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33619818 6ML 4.75 3 5.125 11.125 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33825779 6ML 6.375 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33943259 6ML 4 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33825399 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33368390 6ML 5.625 3 6.375 12.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33450982 6ML 6.375 3 7.875 13.875 1/0/1900 None 4/1/2006 6
33559451 6ML 4.375 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000106007 6ML 5.375 3 7.25 13.25 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33117912 6ML 5.375 3 6 12 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33811829 6ML 5.375 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33561283 6ML 5 3 6.625 12.625 1/0/1900 None 4/1/2006 6
33982257 6ML 5.875 3 6.99 12.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33945643 6ML 4.375 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33316258 6ML 4.5 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33742784 6ML 4.625 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33006362 6ML 7.5 3 8.5 14.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33370446 6ML 4.75 3 6.25 12.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33763392 6ML 5.25 3 7.375 13.375 1/0/1900 None 4/1/2007 6
34102004 6ML 3.875 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33366402 6ML 6.125 3 6.625 12.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33710518 6ML 5.25 3 7.5 13.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
4000133730 6ML 5 3 7 13 1/12/1900 6 mo.s interest less 20% obal 4/1/2006 6
33217712 6ML 4.5 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33318882 6ML 5.625 3 7.875 13.875 1/12/1900 6 mo.s interest less 20% obal 4/1/2006 6
33522640 6ML 7.25 3 8.125 14.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33517327 6ML 4.75 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33433848 6ML 7 3 8.25 14.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33452327 6ML 4.625 3 6 12 1/0/1900 None 4/1/2007 6
33943945 6ML 4.125 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33495243 6ML 4 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33683905 6ML 3.75 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33214701 6ML 4.875 1 6 12 1/24/1900 6 mo.s interest less 20% obal 10/1/2004 6
4000089734 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33474685 6ML 4 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33812512 6ML 5 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33578857 6ML 4.625 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33079385 6ML 5.25 3 7.5 13.5 1/0/1900 None 4/1/2006 6
32919334 6ML 5.625 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33258179 6ML 6 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33218165 6ML 5.875 3 8.125 14.125 1/0/1900 None 4/1/2006 6
33983081 6ML 5 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33807041 6ML 3.375 3 5.125 11.125 1/0/1900 None 4/1/2009 6
33369174 6ML 5.125 3 7.125 13.125 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33537382 6ML 5.75 3 6.875 12.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33713389 6ML 6.125 3 7.125 13.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33433145 6ML 7.125 3 8.25 14.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33725623 6ML 4.375 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33986209 6ML 4.25 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
34042523 6ML 5 3 6.5 12.5 1/0/1900 None 4/1/2006 6
34044701 6ML 4.25 3 6.99 12.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33985532 6ML 5.125 3 7.99 13.99 1/0/1900 None 4/1/2006 6
33986175 6ML 5.5 3 8 14 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33785197 6ML 4.25 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33622713 6ML 5.75 3 6.625 12.625 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33518044 6ML 5.875 3 6.625 12.625 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
33814971 6ML 4.625 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000120424 6ML 4 3 6.125 12.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33260357 6ML 5.5 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33349465 6ML 5.375 3 6.375 12.375 1/0/1900 None 4/1/2007 6
33883406 6ML 6.5 3 8.25 14.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33079245 6ML 5.5 3 7.25 13.25 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33493677 6ML 5.375 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33099896 6 C/O Refi N N 0
33489535 6 C/O Refi N Y 60
33619818 6 Purchase N N 0
33825779 6 C/O Refi N N 0
33943259 6 Purchase N Y 60
33825399 6 Purchase N Y 60
33368390 6 C/O Refi N N 0
33450982 6 C/O Refi N Y 60
33559451 6 Purchase N Y 60
4000106007 6 Purchase N N 0
33117912 6 C/O Refi N Y 60
33811829 6 Purchase N Y 60
33561283 6 C/O Refi N Y 60
33982257 6 C/O Refi N N 0
33945643 6 Purchase N Y 60
33316258 6 Purchase N Y 60
33742784 6 Purchase N Y 60
33006362 6 Purchase N N 0
33370446 6 C/O Refi N Y 60
33763392 6 Purchase N N 0
34102004 6 C/O Refi N Y 60
33366402 6 Purchase N N 0
33710518 6 Purchase N N 0
4000133730 6 C/O Refi N Y 60
33217712 6 Purchase N Y 60
33318882 6 C/O Refi N Y 60
33522640 6 Purchase N N 0
33517327 6 Purchase N Y 60
33433848 6 Purchase N Y 60
33452327 6 C/O Refi N N 0
33943945 6 Purchase N Y 60
33495243 6 C/O Refi N Y 60
33683905 6 Purchase N Y 60
33214701 6 C/O Refi N Y 60
4000089734 6 Purchase N Y 60
33474685 6 Purchase N Y 60
33812512 6 Purchase N Y 60
33578857 6 R/T Refi N Y 60
33079385 6 C/O Refi N Y 60
32919334 6 R/T Refi N Y 60
33258179 6 Purchase N Y 60
33218165 6 Purchase N N 0
33983081 6 Purchase N Y 60
33807041 6 Purchase N Y 60
33369174 6 C/O Refi N Y 60
33537382 6 Purchase N Y 60
33713389 6 Purchase N N 0
33433145 6 Purchase N N 0
33725623 6 Purchase N Y 60
33986209 6 C/O Refi N Y 60
34042523 6 C/O Refi N N 0
34044701 6 C/O Refi N N 0
33985532 6 Purchase N N 0
33986175 6 Purchase N N 0
33785197 6 Purchase N Y 60
33622713 6 C/O Refi N Y 60
33518044 6 C/O Refi N N 0
33814971 6 Purchase N Y 60
4000120424 6 C/O Refi N N 0
33260357 6 Purchase N Y 60
33349465 6 Purchase N Y 60
33883406 6 C/O Refi N Y 60
33079245 6 C/O Refi N Y 60
33493677 6 C/O Refi N N 0
D-1-26
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33369190 INKSTER 48141 MI Single Family Owner Occupied 12/25/1900 3/25/2004
33117664 HARRIS 55032 MN Single Family Owner Occupied 12/25/1900 3/26/2004
33744160 MONROE 98272 WA Single Family Owner Occupied 12/25/1900 3/24/2004
33418492 HEMET 92545 CA Single Family Owner Occupied 12/25/1900 3/17/2004
33683459 ROSEVILLE 95678 CA Single Family Owner Occupied 12/25/1900 3/12/2004
33495516 CHICO 95926 CA Single Family Owner Occupied 12/25/1900 3/25/2004
32919482 STANSBURY PARK 84074 UT Single Family Owner Occupied 12/25/1900 3/25/2004
33738543 RICHMOND 94804 CA Single Family Owner Occupied 12/25/1900 3/19/2004
33738550 EL CERRITO 94530 CA Single Family Non-Owner Occupied 12/25/1900 3/19/2004
33454190 PHILADELPHIA 19152 PA Single Family Owner Occupied 12/25/1900 3/30/2004
32780074 BRONX 10460 NY Multi Family - 2 Units Owner Occupied 12/25/1900 5/3/2004
33742941 SEATTLE 98118 WA Single Family Owner Occupied 12/25/1900 3/24/2004
33006453 GREENFIELD 46140 IN Single Family Owner Occupied 12/25/1900 3/22/2004
33351404 APEX 27502 NC PUD Owner Occupied 12/25/1900 3/29/2004
33260795 LAUDERHILL 33313 FL Condo Owner Occupied 12/25/1900 3/23/2004
33598756 MANVEL 77578 TX Single Family Owner Occupied 12/25/1900 3/31/2004
33572645 SALEM 97306 OR Single Family Owner Occupied 12/25/1900 3/11/2004
33214297 PHOENIX 85032 AZ Single Family Owner Occupied 12/25/1900 3/20/2004
33816646 DOUGLASVILLE 30135 GA Single Family Owner Occupied 12/25/1900 3/31/2004
33623711 FOWLERVILLE 48836 MI Single Family Owner Occupied 12/25/1900 3/31/2004
34104448 SAN DIMAS 91773 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33589904 NEW ORLEANS 70131 LA Single Family Owner Occupied 12/25/1900 3/24/2004
33561945 ESCONDIDO 92027 CA Single Family Owner Occupied 12/25/1900 3/16/2004
33557935 SAN GABRIEL 91776 CA Single Family Owner Occupied 12/25/1900 3/10/2004
33299983 SALINAS 93905 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33169293 WARREN 48093 MI Single Family Owner Occupied 12/25/1900 3/25/2004
33563594 NEWBERG 97132 OR Single Family Owner Occupied 12/25/1900 3/11/2004
33587700 HOUSTON 77043 TX PUD Owner Occupied 12/25/1900 3/24/2004
33515552 LONG BEACH 90813 CA Multi Family - 2 Units Owner Occupied 12/25/1900 3/17/2004
33159492 CHICAGO 60628 IL Single Family Owner Occupied 12/25/1900 3/22/2004
33984121 PORT SAINT LUCIE 34983 FL Single Family Owner Occupied 12/25/1900 3/26/2004
33729922 SACRAMENTO 95835 CA Single Family Owner Occupied 12/25/1900 3/12/2004
32677726 MILWAUKEE 53222 WI Single Family Owner Occupied 12/25/1900 4/16/2004
33984378 WEST PALM BEACH 33405 FL Single Family Non-Owner Occupied 12/25/1900 3/30/2004
32918823 MILLVILLE 84326 UT Single Family Owner Occupied 12/25/1900 3/23/2004
33096967 SEABROOK 3874 NH Condo Owner Occupied 12/25/1900 3/29/2004
33966177 DENVER 80236 CO PUD Owner Occupied 12/25/1900 3/26/2004
34043604 TEMPLE 76502 TX Single Family Owner Occupied 12/25/1900 3/25/2004
33345752 BELMONT 28012 NC Single Family Owner Occupied 12/25/1900 3/23/2004
33946641 SAN DIEGO 92107 CA Condo Owner Occupied 12/25/1900 3/26/2004
33828849 MURRIETA 92562 CA Single Family Owner Occupied 12/25/1900 3/19/2004
31159833 MT. STERLING 40353 KY Single Family Owner Occupied 12/25/1900 3/23/2004
33097338 ATTLEBORO 2703 MA Multi Family - 2 Units Owner Occupied 12/25/1900 3/26/2004
33811753 DALLAS 30157 GA Single Family Owner Occupied 12/25/1900 3/26/2004
33235771 LAS VEGAS 89109 NV Condo >4 Owner Occupied 12/25/1900 3/26/2004
33884933 NEWBRUG 20664 MD Single Family Owner Occupied 12/25/1900 3/29/2004
4000122254 NORFOLK 23505 VA Single Family Owner Occupied 12/25/1900 3/22/2004
33943622 LAKESIDE 92040 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33816182 COLUMBUS 31907 GA Single Family Owner Occupied 12/25/1900 3/31/2004
33211103 GILBERT 85296 AZ PUD Owner Occupied 12/25/1900 3/17/2004
33623869 WESTLAND 48186 MI Single Family Owner Occupied 12/25/1900 3/25/2004
33494188 AUBURN 95603 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33217365 PHOENIX 85032 AZ Single Family Owner Occupied 12/25/1900 3/24/2004
33905365 TAMPA 33625 FL PUD Owner Occupied 12/25/1900 3/31/2004
33536616 CINCINNATI 45245 OH Condo Owner Occupied 12/25/1900 3/26/2004
33235276 LAS VEGAS 89121 NV PUD Owner Occupied 12/25/1900 3/26/2004
33094798 BROCKTON 2301 MA Multi Family - 2 Units Owner Occupied 12/25/1900 3/29/2004
33814930 JONESBORO 30236 GA Single Family Owner Occupied 12/25/1900 3/31/2004
33909797 BIRMINGHAM 35215 AL Single Family Owner Occupied 12/25/1900 3/31/2004
33368937 ANN ARBOR 48108 MI Condo Owner Occupied 12/25/1900 3/31/2004
33884396 NEW CARROLLTON 20784 MD Condo Owner Occupied 12/25/1900 3/31/2004
33597493 HOUSTON 77035 TX PUD Owner Occupied 12/25/1900 3/30/2004
33540600 REMINGTON 47977 IN Single Family Owner Occupied 12/25/1900 3/26/2004
33351669 PINEVILLE 28134 NC PUD Owner Occupied 12/25/1900 3/31/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33369190 5/1/2004 4/1/2034 358 95000 95000 6.75 534.38 6/1/2004 94.05940594 0-29
33117664 5/1/2004 4/1/2034 358 279000 278991.98 6.125 1,424.06 6/1/2004 87.1875 0-29
33744160 5/1/2004 4/1/2034 357 178125 178125 6.125 909.18 7/1/2004 95 0-29
33418492 5/1/2004 4/1/2034 359 201600 201600 6.125 1,029.00 5/1/2004 84 0-29
33683459 5/1/2004 4/1/2034 358 238500 237965.67 7.5 1,667.63 6/1/2004 90 0-29
33495516 5/1/2004 4/1/2034 357 216000 216000 6.5 1,170.00 7/1/2004 80 0-29
32919482 5/1/2004 4/1/2034 358 102400 102400 6.5 554.67 6/1/2004 80 0-29
33738543 5/1/2004 4/1/2034 358 328500 328500 6.625 1,813.59 6/1/2004 90 0-29
33738550 5/1/2004 4/1/2034 357 296000 296000 6.625 1,634.17 7/1/2004 80 0-29
33454190 5/1/2004 4/1/2034 358 141100 140577.3 8.375 1,072.47 6/1/2004 85 0-29
32780074 7/1/2004 6/1/2034 360 320350 320350 6.625 1,768.60 7/1/2004 94.98690909 0-29
33742941 5/1/2004 4/1/2034 358 201400 201397.67 6.99 1,173.16 6/1/2004 95 0-29
33006453 5/1/2004 4/1/2034 358 119000 118709.32 7.125 801.73 6/1/2004 85 0-29
33351404 5/1/2004 4/1/2034 357 151200 150943.8 8.875 1,203.02 7/1/2004 90 0-29
33260795 5/1/2004 4/1/2034 358 59500 59391.08 8.5 457.51 6/1/2004 85 0-29
33598756 5/1/2004 4/1/2034 358 66550 66353.67 6.125 404.37 6/1/2004 79.99759586 0-29
33572645 5/1/2004 4/1/2034 358 140000 140000 5.25 612.50 6/1/2004 80 0-29
33214297 5/1/2004 4/1/2034 358 103500 103500 5.625 485.16 6/1/2004 94.95412844 0-29
33816646 5/1/2004 4/1/2034 358 110800 110800 6 554.00 6/1/2004 80 0-29
33623711 5/1/2004 4/1/2034 358 165000 164690.18 8.375 1,254.12 6/1/2004 100 0-29
34104448 5/1/2004 4/1/2034 358 276000 275990 5.75 1,322.50 6/1/2004 80 0-29
33589904 5/1/2004 4/1/2034 358 68800 68657.02 7.875 498.85 6/1/2004 76.44444444 0-29
33561945 5/1/2004 4/1/2034 358 247300 247298.52 6.5 1,339.54 6/1/2004 64.23376623 0-29
33557935 5/1/2004 4/1/2034 357 265000 265000 6.375 1,407.81 7/1/2004 64.63414634 0-29
33299983 5/1/2004 4/1/2034 358 296000 296000 5.375 1,325.83 6/1/2004 80 0-29
33169293 5/1/2004 4/1/2034 358 140000 139645.09 6.875 919.71 6/1/2004 80 0-29
33563594 5/1/2004 4/1/2034 358 116800 116800 5.625 547.50 6/1/2004 80 0-29
33587700 5/1/2004 4/1/2034 358 188000 187387.25 7.625 1,330.66 6/1/2004 80 0-29
33515552 5/1/2004 4/1/2034 358 256000 256000 6.75 1,440.00 6/1/2004 80 0-29
33159492 5/1/2004 4/1/2034 358 72000 71821.91 7 479.02 6/1/2004 90 0-29
33984121 5/1/2004 4/1/2034 358 129200 128917.68 7.625 914.47 6/1/2004 85 0-29
33729922 5/1/2004 4/1/2034 358 241450 241450 5.5 1,106.65 6/1/2004 79.98476165 0-29
32677726 6/1/2004 5/1/2034 359 117350 117350 6.75 660.09 6/1/2004 79.99318337 0-29
33984378 5/1/2004 4/1/2034 358 81000 81000 7.875 531.56 6/1/2004 75 0-29
32918823 5/1/2004 4/1/2034 358 76300 76300 6.375 405.34 6/1/2004 63.58333333 0-29
33096967 5/1/2004 4/1/2034 358 240300 239800.59 7.875 1,742.35 6/1/2004 90 0-29
33966177 5/1/2004 4/1/2034 358 156000 155641.58 7.375 1,077.46 6/1/2004 80 0-29
34043604 5/1/2004 4/1/2034 358 116000 115691.24 6.625 742.77 6/1/2004 80 0-29
33345752 5/1/2004 4/1/2034 358 102150 101891.04 6.875 671.06 6/1/2004 82.37903226 0-29
33946641 5/1/2004 4/1/2034 358 316000 316000 4.99 1,314.03 6/1/2004 80 0-29
33828849 5/1/2004 4/1/2034 358 262400 262400 5.5 1,202.67 6/1/2004 80 0-29
31159833 5/1/2004 4/1/2034 358 147250 146635.08 6.625 812.94 6/1/2004 95 0-29
33097338 5/1/2004 4/1/2034 358 187000 186437.64 5.99 1,119.96 6/1/2004 78.57142857 0-29
33811753 5/1/2004 4/1/2034 358 182750 182750 7.125 1,085.08 6/1/2004 85 0-29
33235771 5/1/2004 4/1/2034 357 82800 82800 7.125 491.63 7/1/2004 90 0-29
33884933 5/1/2004 4/1/2034 358 152150 152150 7.625 966.79 6/1/2004 85 0-29
4000122254 5/1/2004 4/1/2034 358 170000 169558.42 6.75 1,102.62 6/1/2004 89.47368421 0-29
33943622 5/1/2004 4/1/2034 357 320000 320000 4.625 1,233.33 7/1/2004 80 0-29
33816182 5/1/2004 4/1/2034 358 63600 63599.99 5.875 311.38 6/1/2004 80 0-29
33211103 5/1/2004 4/1/2034 358 168000 167954.5 6.5 910.00 6/1/2004 80 0-29
33623869 5/1/2004 4/1/2034 358 145350 144913.73 6 871.45 6/1/2004 95 0-29
33494188 5/1/2004 4/1/2034 358 274500 274500 6.625 1,515.47 6/1/2004 90 0-29
33217365 5/1/2004 4/1/2034 358 181350 180878.92 6.75 1,176.24 6/1/2004 90 0-29
33905365 5/1/2004 4/1/2034 358 177200 176978.47 5.75 849.08 6/1/2004 89.99492128 0-29
33536616 5/1/2004 4/1/2034 358 78300 78125.51 8.375 595.14 6/1/2004 90 0-29
33235276 5/1/2004 4/1/2034 358 126400 126400 5.875 618.83 6/1/2004 80 0-29
33094798 5/1/2004 4/1/2034 358 220400 220400 6.375 1,170.88 6/1/2004 80 0-29
33814930 5/1/2004 4/1/2034 358 151830 151780 5.5 695.89 6/1/2004 79.99978924 0-29
33909797 5/1/2004 4/1/2034 358 111500 111237.47 7.25 760.63 6/1/2004 89.99192897 0-29
33368937 5/1/2004 4/1/2034 358 212000 212000 6.625 1,170.42 6/1/2004 80 0-29
33884396 5/1/2004 4/1/2034 358 52000 51999.83 6.25 270.83 6/1/2004 80 0-29
33597493 5/1/2004 4/1/2034 358 186150 186150 5.5 853.19 6/1/2004 85 0-29
33540600 5/1/2004 4/1/2034 358 74700 74540.81 7.75 535.16 6/1/2004 90 0-29
33351669 5/1/2004 4/1/2034 358 177000 176582.7 7.25 1,207.46 6/1/2004 74.97617283 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33369190 6ML 5.625 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33117664 6ML 5.625 3 6.125 12.125 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33744160 6ML 5 3 6.125 12.125 1/0/1900 None 4/1/2006 6
33418492 6ML 4.875 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33683459 6ML 6.125 3 7.5 13.5 1/12/1900 6 mo.s interest less 20% obal 4/1/2006 6
33495516 6ML 5.125 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32919482 6ML 5.375 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33738543 6ML 5.625 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33738550 6ML 4.5 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33454190 6ML 7.125 3 8.375 14.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32780074 6ML 5.375 3 6.625 12.625 1/0/1900 None 6/1/2009 6
33742941 6ML 6 3 6.99 12.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33006453 6ML 5.875 3 7.125 13.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33351404 6ML 6.625 3 8.875 14.875 1/0/1900 None 4/1/2006 6
33260795 6ML 7.125 3 8.5 14.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33598756 6ML 5.125 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33572645 6ML 3.875 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33214297 6ML 5.375 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33816646 6ML 4.625 3 6 12 1/0/1900 None 4/1/2006 6
33623711 6ML 6.5 3 8.375 14.375 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
34104448 6ML 4.5 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33589904 6ML 6.25 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33561945 6ML 5 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33557935 6ML 4.625 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33299983 6ML 4 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33169293 6ML 5.875 3 6.875 12.875 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33563594 6ML 3.75 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33587700 6ML 6.25 3 7.625 13.625 1/0/1900 None 4/1/2006 6
33515552 6ML 5.625 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33159492 6ML 6 3 7 13 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33984121 6ML 5.875 3 7.625 13.625 1/0/1900 None 4/1/2006 6
33729922 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32677726 6ML 5.375 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33984378 6ML 5 3 7.875 13.875 1/12/1900 6 mo.s interest less 20% obal 4/1/2009 6
32918823 6ML 4.5 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33096967 6ML 4.625 3 7.875 13.875 1/0/1900 None 4/1/2006 6
33966177 6ML 6.25 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
34043604 6ML 5.25 3 6.625 12.625 1/0/1900 None 4/1/2006 6
33345752 6ML 5.75 3 6.875 12.875 1/0/1900 None 4/1/2006 6
33946641 6ML 3.5 3 4.99 10.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33828849 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
31159833 6ML 5.625 3 6.625 12.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33097338 6ML 4.875 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33811753 6ML 6 3 7.125 13.125 1/0/1900 None 4/1/2006 6
33235771 6ML 5.875 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33884933 6ML 6.5 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000122254 6ML 6.125 3 6.75 12.75 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33943622 6ML 3.5 3 4.625 10.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33816182 6ML 4.5 3 5.875 11.875 1/0/1900 None 4/1/2006 6
33211103 6ML 5.25 3 6.5 12.5 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33623869 6ML 5.375 3 6 12 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2007 6
33494188 6ML 5.75 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33217365 6ML 4.625 3 6.75 12.75 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
33905365 6ML 5.125 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33536616 6ML 7.375 3 8.375 14.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33235276 6ML 4.375 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33094798 6ML 5 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33814930 6ML 4.25 3 5.5 11.5 1/0/1900 None 4/1/2006 6
33909797 6ML 6.25 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33368937 6ML 5.5 3 6.625 12.625 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33884396 6ML 4.625 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33597493 6ML 4.5 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33540600 6ML 6.75 3 7.75 13.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33351669 6ML 5.625 3 7.25 13.25 1/0/1900 None 4/1/2009 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33369190 6 R/T Refi N Y 60
33117664 6 C/O Refi N Y 60
33744160 6 Purchase N Y 60
33418492 6 Purchase N Y 60
33683459 6 C/O Refi N N 0
33495516 6 Purchase N Y 60
32919482 6 Purchase N Y 60
33738543 6 C/O Refi N Y 60
33738550 6 C/O Refi N Y 60
33454190 6 Purchase N N 0
32780074 6 Purchase N Y 60
33742941 6 C/O Refi N Y 60
33006453 6 C/O Refi N N 0
33351404 6 Purchase N N 0
33260795 6 C/O Refi N N 0
33598756 6 Purchase N N 0
33572645 6 Purchase N Y 60
33214297 6 R/T Refi N Y 60
33816646 6 Purchase N Y 60
33623711 6 Purchase N N 0
34104448 6 Purchase N Y 60
33589904 6 C/O Refi N N 0
33561945 6 C/O Refi N Y 60
33557935 6 C/O Refi N Y 60
33299983 6 Purchase N Y 60
33169293 6 C/O Refi N N 0
33563594 6 Purchase N Y 60
33587700 6 C/O Refi N N 0
33515552 6 Purchase N Y 60
33159492 6 C/O Refi N N 0
33984121 6 C/O Refi N N 0
33729922 6 Purchase N Y 60
32677726 6 Purchase N Y 60
33984378 6 Purchase N Y 60
32918823 6 R/T Refi N Y 60
33096967 6 Purchase N N 0
33966177 6 C/O Refi N N 0
34043604 6 C/O Refi N N 0
33345752 6 R/T Refi N N 0
33946641 6 Purchase N Y 60
33828849 6 Purchase N Y 60
31159833 6 C/O Refi N Y 60
33097338 6 C/O Refi N N 0
33811753 6 C/O Refi N Y 60
33235771 6 Purchase N Y 60
33884933 6 Purchase N Y 60
4000122254 6 C/O Refi N N 0
33943622 6 Purchase N Y 60
33816182 6 Purchase N Y 60
33211103 6 C/O Refi N Y 60
33623869 6 C/O Refi N N 0
33494188 6 Purchase N Y 60
33217365 6 Purchase N N 0
33905365 6 Purchase N Y 60
33536616 6 Purchase N N 0
33235276 6 Purchase N Y 60
33094798 6 Purchase N Y 60
33814930 6 Purchase N Y 60
33909797 6 Purchase N N 0
33368937 6 Purchase N Y 60
33884396 6 Purchase N Y 60
33597493 6 Purchase N Y 60
33540600 6 C/O Refi N N 0
33351669 6 Purchase N N 0
D-1-27
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33816794 GUYTON 31312 GA PUD Owner Occupied 12/25/1900 3/31/2004
32945966 MANVEL 77578 TX PUD Owner Occupied 12/25/1900 3/26/2004
33524067 CELINA 45822 OH Condo Second Home 12/25/1900 3/31/2004
33708314 CHICAGO 60628 IL Single Family Owner Occupied 12/25/1900 3/24/2004
33883992 BALTIMORE 21206 MD Single Family Owner Occupied 12/25/1900 3/31/2004
33904368 BIRMINGHAM 35235 AL Single Family Owner Occupied 12/25/1900 3/26/2004
33549122 INDIO 92201 CA Condo Owner Occupied 12/25/1900 3/12/2004
33554593 SAN BERNARDINO 92410 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33725714 YORBA LINDA 92887 CA Single Family Owner Occupied 12/25/1900 3/18/2004
32714271 TACOMA 98406 WA Single Family Owner Occupied 12/25/1900 3/22/2004
32675977 WAUKESHA 53186 WI Single Family Owner Occupied 12/25/1900 3/31/2004
33290750 SAN JOSE 95136 CA PUD Owner Occupied 12/25/1900 3/26/2004
33945429 EL CAJON 92019 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33843442 WEST VALLEY CITY 84120 UT Single Family Owner Occupied 12/25/1900 3/29/2004
32732174 WEST CHESTER 45069 OH Single Family Non-Owner Occupied 12/25/1900 3/26/2004
32732182 WEST CHESTER 45069 OH PUD Non-Owner Occupied 12/25/1900 3/29/2004
33599374 HOUSTON 77014 TX PUD Owner Occupied 12/25/1900 3/26/2004
34103796 MENIFEE 92584 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33568015 EUGENE 97404 OR Single Family Owner Occupied 12/25/1900 3/12/2004
33713348 WOODSTOCK 60098 IL Condo Second Home 12/25/1900 3/25/2004
33115411 NORTH BRANCH 55056 MN Single Family Owner Occupied 12/25/1900 3/26/2004
33842014 NAMPA 83686 ID Single Family Owner Occupied 12/25/1900 3/26/2004
4000129935 FINDLAY 45840 OH Single Family Owner Occupied 12/25/1900 3/26/2004
33687781 WATERFORD 95386 CA Single Family Owner Occupied 12/25/1900 3/15/2004
33740903 COVINA 91722 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33902347 PALM BAY 32909 FL Single Family Owner Occupied 12/25/1900 3/25/2004
33596727 WALKER 70785 LA Single Family Owner Occupied 12/25/1900 3/26/2004
34104570 WEST COVINA 91792 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33474701 PANORAMA CITY AREA 91402 CA Condo Owner Occupied 12/25/1900 3/29/2004
33236589 LAS VEGAS 89106 NV Single Family Owner Occupied 12/25/1900 3/26/2004
33160789 CHICAGO 60629 IL Single Family Owner Occupied 12/25/1900 3/31/2004
33515966 LITTLEROCK 93591 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33599416 TEXAS CITY 77591 TX PUD Owner Occupied 12/25/1900 3/26/2004
33982356 MIAMI 33145 FL Single Family Owner Occupied 12/25/1900 3/26/2004
33825860 HEMET 92544 CA Single Family Non-Owner Occupied 12/25/1900 3/16/2004
33817651 MURFREESBORO 37129 TN Single Family Owner Occupied 12/25/1900 3/31/2004
33521204 FOLSOM 95630 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33064932 PETALUMA 94954 CA PUD Owner Occupied 12/25/1900 3/22/2004
33737487 DELANO 93215 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33982273 MIAMI 33056 FL Single Family Owner Occupied 12/25/1900 3/26/2004
32776817 BUFFALO 14201 NY Multi Family - 2 Units Owner Occupied 12/25/1900 3/25/2004
33492349 ORANGEVALE 95662 CA Single Family Owner Occupied 12/25/1900 3/15/2004
33038977 RICHMOND 23227 VA PUD Owner Occupied 12/25/1900 3/26/2004
33114810 COON RAPIDS 55433 MN Condo Owner Occupied 12/25/1900 3/23/2004
33785213 WALNUT CREEK 94596 CA Condo Owner Occupied 12/25/1900 3/26/2004
33741604 RIVERSIDE 92236 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33785122 VALLEJO 94589 CA Single Family Owner Occupied 12/25/1900 3/15/2004
33038076 VIRGINIA BEACH 23452 VA Single Family Owner Occupied 12/25/1900 3/23/2004
34102368 CORONA 92883 CA PUD Owner Occupied 12/25/1900 3/24/2004
33741851 ALISO VIEJO 92656 CA Condo Owner Occupied 12/25/1900 3/26/2004
33331281 DOWNEY 90242 CA Single Family Owner Occupied 12/25/1900 3/18/2004
33739376 POMONA 91767 CA Multi Family - 2 Units Owner Occupied 12/25/1900 3/18/2004
33622473 MACOMB 48044 MI Single Family Owner Occupied 12/25/1900 3/23/2004
33559030 SPRING VALLEY 91977 CA Single Family Owner Occupied 12/25/1900 3/19/2004
33737552 CHINO HILLS 91709 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33574237 PORTLAND 97230 OR Single Family Owner Occupied 12/25/1900 3/22/2004
33686486 BAKERSFIELD 93307 CA Single Family Owner Occupied 12/25/1900 3/12/2004
32674244 SAINT LOUIS 63118 MO Single Family Owner Occupied 12/25/1900 3/26/2004
33816000 STONE MOUNTAIN 30088 GA Single Family Owner Occupied 12/25/1900 3/31/2004
33099227 TAUNTON 2780 MA Single Family Owner Occupied 12/25/1900 3/30/2004
33291287 SACRAMENTO 95838 CA Single Family Owner Occupied 12/25/1900 3/16/2004
33290834 SALINAS 93901 CA Single Family Owner Occupied 12/25/1900 3/16/2004
33734773 MORENO VALLEY 92555 CA PUD Owner Occupied 12/25/1900 3/18/2004
33116336 LAKEVILLE 55024 MN Condo Owner Occupied 12/25/1900 3/26/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33816794 5/1/2004 4/1/2034 357 112898 112598.17 5.875 552.73 7/1/2004 79.99971656 0-29
32945966 5/1/2004 4/1/2034 357 220000 219454.77 6.99 1,462.19 7/1/2004 99.98091273 0-29
33524067 5/1/2004 4/1/2034 358 132900 132900 6.25 692.19 6/1/2004 94.99642602 0-29
33708314 5/1/2004 4/1/2034 357 106250 106250 5.5 486.98 7/1/2004 85 0-29
33883992 5/1/2004 4/1/2034 358 72250 72188.47 7.75 466.61 6/1/2004 85 0-29
33904368 5/1/2004 4/1/2034 358 139550 139204.82 7 928.43 6/1/2004 94.99659632 0-29
33549122 5/1/2004 4/1/2034 358 310000 310000 5.75 1,485.42 6/1/2004 75.6097561 0-29
33554593 5/1/2004 4/1/2034 358 144000 143546.79 5.75 840.35 6/1/2004 82.28571429 0-29
33725714 5/1/2004 4/1/2034 358 225000 225000 7.375 1,382.81 6/1/2004 48.91304348 0-29
32714271 5/1/2004 4/1/2034 359 115000 114662.94 6.125 698.76 5/1/2004 66.09195402 0-29
32675977 5/1/2004 4/1/2034 357 176700 176156.88 5.875 1,045.25 7/1/2004 95 0-29
33290750 5/1/2004 4/1/2034 358 288000 288000 5 1,200.00 6/1/2004 80 0-29
33945429 5/1/2004 4/1/2034 358 296000 296000 5.375 1,325.83 6/1/2004 80 0-29
33843442 5/1/2004 4/1/2034 357 128000 127597.13 5.75 746.98 7/1/2004 80 0-29
32732174 5/1/2004 4/1/2034 358 217800 217800 7.625 1,383.94 6/1/2004 90 0-29
32732182 5/1/2004 4/1/2034 358 186350 186350 7.625 1,184.10 6/1/2004 89.98068566 0-29
33599374 5/1/2004 4/1/2034 358 133600 133600 6 668.00 6/1/2004 80 0-29
34103796 5/1/2004 4/1/2034 358 239600 239600 5.99 1,196.00 6/1/2004 80 0-29
33568015 5/1/2004 4/1/2034 358 121600 121600 5.75 582.67 6/1/2004 80 0-29
33713348 5/1/2004 4/1/2034 358 130150 129759.34 6 780.32 6/1/2004 95 0-29
33115411 5/1/2004 4/1/2034 358 179050 179050 6 895.25 6/1/2004 94.99177675 0-29
33842014 5/1/2004 4/1/2034 358 199500 198981.78 6.75 1,293.96 6/1/2004 70 0-29
4000129935 5/1/2004 4/1/2034 358 80275 80076.45 7 534.07 6/1/2004 95 0-29
33687781 5/1/2004 4/1/2034 358 168000 168000 5.5 770.00 6/1/2004 80 0-29
33740903 5/1/2004 4/1/2034 357 100000 99949.69 7.25 604.17 7/1/2004 34.48275862 0-29
33902347 5/1/2004 4/1/2034 358 102500 102276.02 7.625 725.49 6/1/2004 84.7107438 0-29
33596727 5/1/2004 4/1/2034 359 82450 82246.04 7 548.55 5/1/2004 85 0-29
34104570 5/1/2004 4/1/2034 358 300800 300800 6 1,504.00 6/1/2004 80 0-29
33474701 5/1/2004 4/1/2034 358 160550 160112.21 6.5 1,014.79 6/1/2004 95 0-29
33236589 5/1/2004 4/1/2034 357 124000 124000 6.625 684.58 7/1/2004 80 0-29
33160789 5/1/2004 4/1/2034 358 175000 174679.69 8.5 1,345.60 6/1/2004 100 0-29
33515966 5/1/2004 4/1/2034 358 167000 166544.61 6.5 1,055.56 6/1/2004 87.89473684 0-29
33599416 5/1/2004 4/1/2034 357 157350 157061.99 8.5 1,209.89 7/1/2004 99.97140951 0-29
33982356 5/1/2004 4/1/2034 358 162000 162000 6.5 877.50 6/1/2004 72 0-29
33825860 5/1/2004 4/1/2034 358 165600 165600 7 966.00 6/1/2004 90 0-29
33817651 5/1/2004 4/1/2034 358 86000 86000 6.5 465.83 6/1/2004 80 0-29
33521204 5/1/2004 4/1/2034 357 276000 276000 5.125 1,178.75 7/1/2004 80 0-29
33064932 5/1/2004 4/1/2034 359 321600 321600 5.125 1,373.50 5/1/2004 80 0-29
33737487 5/1/2004 4/1/2034 358 118750 118433.95 6.625 760.37 6/1/2004 95 0-29
33982273 5/1/2004 4/1/2034 358 130050 129712.17 6.75 843.51 6/1/2004 85 0-29
32776817 5/1/2004 4/1/2034 358 24500 24447.76 7.75 175.53 6/1/2004 84.48275862 0-29
33492349 5/1/2004 4/1/2034 358 188000 187435.7 6 1,127.16 6/1/2004 59.11949686 0-29
33038977 5/1/2004 4/1/2034 357 300200 299361.42 6.375 1,872.86 7/1/2004 94.98497073 0-29
33114810 5/1/2004 4/1/2034 357 85150 84923.36 6.625 545.23 7/1/2004 74.69298246 0-29
33785213 5/1/2004 4/1/2034 357 322050 320866.82 5.99 1,607.57 7/1/2004 95 0-29
33741604 5/1/2004 4/1/2034 357 105000 104786.49 7.99 769.73 7/1/2004 75 0-29
33785122 5/1/2004 4/1/2034 358 291000 291000 5.875 1,424.69 6/1/2004 93.87096774 0-29
33038076 5/1/2004 4/1/2034 358 110000 109700.03 6.5 695.28 6/1/2004 66.26506024 0-29
34102368 5/1/2004 4/1/2034 358 284000 284000 5.625 1,331.25 6/1/2004 80 0-29
33741851 5/1/2004 4/1/2034 359 238400 238400 5.625 1,117.50 6/1/2004 80 0-29
33331281 5/1/2004 4/1/2034 358 280000 280000 5.875 1,370.83 6/1/2004 80 0-29
33739376 5/1/2004 4/1/2034 358 308000 308000 5.375 1,379.58 6/1/2004 80 0-29
33622473 5/1/2004 4/1/2034 358 118800 118800 6.125 606.38 6/1/2004 90 0-29
33559030 5/1/2004 4/1/2034 358 298000 298000 6.125 1,521.04 6/1/2004 83.94366197 0-29
33737552 5/1/2004 4/1/2034 358 192000 192000 6.625 1,060.00 6/1/2004 79.01234568 0-29
33574237 5/1/2004 4/1/2034 357 105600 105600 5.875 517.00 7/1/2004 80 0-29
33686486 5/1/2004 4/1/2034 357 122100 122100 6.5 661.38 7/1/2004 89.99845212 0-29
32674244 5/1/2004 4/1/2034 357 75200 74783.52 7.375 519.39 7/1/2004 80 0-29
33816000 5/1/2004 4/1/2034 358 135000 134697.54 7.5 943.94 6/1/2004 100 0-29
33099227 5/1/2004 4/1/2034 358 199900 199900 5.375 895.39 6/1/2004 79.9919968 0-29
33291287 5/1/2004 4/1/2034 359 228000 228000 5.75 1,092.50 5/1/2004 95 0-29
33290834 5/1/2004 4/1/2034 358 125000 125000 6.875 716.15 6/1/2004 30.48780488 0-29
33734773 5/1/2004 4/1/2034 357 235950 235950 6.25 1,228.91 7/1/2004 79.99091436 0-29
33116336 5/1/2004 4/1/2034 358 136000 136000 5.25 595.00 6/1/2004 80 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33816794 6ML 4.5 3 5.875 11.875 1/0/1900 None 4/1/2006 6
32945966 6ML 5.125 3 6.99 12.99 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33524067 6ML 4.75 3 6.25 12.25 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2007 6
33708314 6ML 4.25 3 5.5 11.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33883992 6ML 6.25 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33904368 6ML 6.25 3 7 13 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33549122 6ML 4 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33554593 6ML 4.625 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33725714 6ML 5.875 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32714271 6ML 4.375 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32675977 6ML 5.625 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33290750 6ML 3.875 3 5 11 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33945429 6ML 4.125 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33843442 6ML 4.875 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32732174 6ML 6.25 3 7.625 13.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
32732182 6ML 6.25 3 7.625 13.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33599374 6ML 4.125 3 6 12 1/0/1900 None 4/1/2007 6
34103796 6ML 4.625 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33568015 6ML 4.375 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33713348 6ML 5 3 6 12 1/0/1900 None 4/1/2006 6
33115411 6ML 5.625 3 6 12 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33842014 6ML 5.5 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000129935 6ML 5.625 3 7 13 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2009 6
33687781 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33740903 6ML 5.375 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33902347 6ML 6.125 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33596727 6ML 6.5 3 7 13 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
34104570 6ML 4.625 3 6 12 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33474701 6ML 5.75 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33236589 6ML 5 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33160789 6ML 6.25 3 8.5 14.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33515966 6ML 5.875 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33599416 6ML 6.25 3 8.5 14.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33982356 6ML 4.75 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33825860 6ML 5.625 3 7 13 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33817651 6ML 4.625 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33521204 6ML 3.5 3 5.125 11.125 1/12/1900 6 mo.s interest less 20% obal 4/1/2006 6
33064932 6ML 3.875 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33737487 6ML 5.875 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33982273 6ML 5.875 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32776817 6ML 7 3 7.75 13.75 1/0/1900 None 4/1/2006 6
33492349 6ML 4.5 3 6 12 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33038977 6ML 6 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33114810 6ML 5.375 3 6.625 12.625 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33785213 6ML 5.25 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33741604 6ML 5.625 3 7.99 13.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33785122 6ML 5.125 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33038076 6ML 5 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
34102368 6ML 3.875 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33741851 6ML 4.5 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33331281 6ML 4.125 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33739376 6ML 4 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33622473 6ML 5.75 3 6.125 12.125 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33559030 6ML 4.375 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33737552 6ML 5.25 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33574237 6ML 4.25 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33686486 6ML 5.375 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32674244 6ML 6.25 3 7.375 13.375 1/24/1900 2% prepaid 4/1/2006 6
33816000 6ML 5.125 3 7.5 13.5 1/0/1900 None 4/1/2007 6
33099227 6ML 4.125 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33291287 6ML 5.25 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33290834 6ML 5.375 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33734773 6ML 5 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33116336 6ML 3.875 3 5.25 11.25 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33816794 6 Purchase N Y 60
32945966 6 Purchase N N 0
33524067 6 Purchase N Y 60
33708314 6 C/O Refi N Y 60
33883992 6 Purchase N Y 60
33904368 6 Purchase N N 0
33549122 6 Purchase N Y 60
33554593 6 C/O Refi N N 0
33725714 6 R/T Refi N Y 60
32714271 6 C/O Refi N N 0
32675977 6 Purchase N N 0
33290750 6 Purchase N Y 60
33945429 6 Purchase N Y 60
33843442 6 Purchase N N 0
32732174 6 Purchase N Y 60
32732182 6 Purchase N Y 60
33599374 6 C/O Refi N Y 60
34103796 6 Purchase N Y 60
33568015 6 Purchase N Y 60
33713348 6 Purchase N N 0
33115411 6 Purchase N Y 60
33842014 6 C/O Refi N N 0
4000129935 6 C/O Refi N N 0
33687781 6 Purchase N Y 60
33740903 6 C/O Refi N Y 60
33902347 6 C/O Refi N N 0
33596727 6 Purchase N N 0
34104570 6 Purchase N Y 60
33474701 6 Purchase N N 0
33236589 6 C/O Refi N Y 60
33160789 6 Purchase N N 0
33515966 6 C/O Refi N N 0
33599416 6 Purchase N N 0
33982356 6 C/O Refi N Y 60
33825860 6 Purchase N Y 60
33817651 6 Purchase N Y 60
33521204 6 Purchase N Y 60
33064932 6 Purchase N Y 60
33737487 6 Purchase N N 0
33982273 6 C/O Refi N N 0
32776817 6 Purchase N N 0
33492349 6 C/O Refi N N 0
33038977 6 Purchase N N 0
33114810 6 C/O Refi N N 0
33785213 6 Purchase N Y 60
33741604 6 R/T Refi N N 0
33785122 6 C/O Refi N Y 60
33038076 6 C/O Refi N N 0
34102368 6 Purchase N Y 60
33741851 6 Purchase N Y 60
33331281 6 Purchase N Y 60
33739376 6 Purchase N Y 60
33622473 6 C/O Refi N Y 60
33559030 6 R/T Refi N Y 60
33737552 6 C/O Refi N Y 60
33574237 6 Purchase N Y 60
33686486 6 Purchase N Y 60
32674244 6 Purchase N N 0
33816000 6 Purchase N N 0
33099227 6 Purchase N Y 60
33291287 6 Purchase N Y 60
33290834 6 C/O Refi N Y 60
33734773 6 Purchase N Y 60
33116336 6 Purchase N Y 60
D-1-28
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33884347 CULPEPPER 22701 VA PUD Owner Occupied 12/25/1900 3/31/2004
33741745 LOS ANGELES 90002 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33828252 CATHEDRAL CITY 92234 CA Single Family Owner Occupied 12/25/1900 3/24/2004
4000135252 MODESTO 95351 CA Multi Family - 3 Units Non-Owner Occupied 12/25/1900 3/29/2004
33557224 FALLBROOK 92028 CA Single Family Owner Occupied 12/25/1900 3/19/2004
31158876 LOUISVILLE 40215 KY Single Family Owner Occupied 12/25/1900 3/25/2004
33712852 BUFFALO GROVE 60089 IL Single Family Owner Occupied 12/25/1900 3/26/2004
33945981 MORONGO VALLEY 92256 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33909938 ORLANDO 32832 FL PUD Owner Occupied 12/25/1900 3/30/2004
33169269 WARREN 48091 MI Single Family Owner Occupied 12/25/1900 3/24/2004
33117797 BURNSVILLE 55337 MN Single Family Owner Occupied 12/25/1900 3/25/2004
33493453 STOCKTON 95207 CA PUD Owner Occupied 12/25/1900 3/24/2004
33555467 SAN DIEGO 92128 CA Condo Owner Occupied 12/25/1900 3/5/2004
33588203 HOUSTON 77013 TX Single Family Owner Occupied 12/25/1900 3/24/2004
32918062 SALT LAKE CITY 84104 UT PUD Owner Occupied 12/25/1900 3/29/2004
33216664 SURPRISE 85379 AZ PUD Owner Occupied 12/25/1900 3/24/2004
33908690 CAPE CORAL 33993 FL Single Family Owner Occupied 12/25/1900 3/31/2004
33944554 BAKERSFIELD 93307 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33098450 ROCKLAND 2370 MA Single Family Owner Occupied 12/25/1900 3/26/2004
33293069 APTOS 95003 CA Condo Owner Occupied 12/25/1900 3/19/2004
33006487 LUCERNE 46950 IN Single Family Owner Occupied 12/25/1900 3/22/2004
33523820 MASON 45040 OH Single Family Owner Occupied 12/25/1900 3/26/2004
33739939 LONG BEACH 90813 CA Single Family Non-Owner Occupied 12/25/1900 3/19/2004
32672230 SAINT LOUIS 63121 MO Single Family Owner Occupied 12/25/1900 3/31/2004
33910175 ODESSA 33556 FL PUD Owner Occupied 12/25/1900 3/26/2004
33702622 CHICAGO 60629 IL Single Family Owner Occupied 12/25/1900 3/23/2004
33983651 MIAMI 33170 FL Single Family Owner Occupied 12/25/1900 3/29/2004
33235334 LAS VEGAS 89122 NV PUD Owner Occupied 12/25/1900 3/22/2004
33817511 MILTON 3258 FL Single Family Owner Occupied 12/25/1900 3/31/2004
33346826 RALEIGH 27604 NC Single Family Owner Occupied 12/25/1900 3/26/2004
33539842 DELAWARE 43015 OH Single Family Owner Occupied 12/25/1900 3/26/2004
33962846 DENVER 80220 CO Single Family Owner Occupied 12/25/1900 3/26/2004
33413287 RIALTO 92377 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33816943 LOGANVILLE 30052 GA Single Family Owner Occupied 12/25/1900 3/31/2004
33347816 RALEIGH 27615 NC Single Family Owner Occupied 12/25/1900 3/23/2004
33556663 SPRING VALLEY 91977 CA Single Family Owner Occupied 12/25/1900 3/15/2004
33040189 MITCHELLVILLE 20721 MD PUD Owner Occupied 12/25/1900 3/31/2004
33815515 ALGOOD 38506 TN Single Family Owner Occupied 12/25/1900 3/26/2004
4000125579 BEAUMONT 77706 TX Single Family Owner Occupied 12/25/1900 3/29/2004
33556531 SAN DIEGO 92154 CA PUD Owner Occupied 12/25/1900 3/19/2004
4000132982 BAKERSFIELD 93309 CA Single Family Non-Owner Occupied 12/25/1900 3/26/2004
33339136 FONTANA 92336 CA Single Family Owner Occupied 12/25/1900 3/18/2004
33984329 MIAMI 33032 FL Single Family Non-Owner Occupied 12/25/1900 3/29/2004
33289901 SAN JOSE 95124 CA Condo Owner Occupied 12/25/1900 3/11/2004
33350638 RALEIGH 27614 NC PUD Owner Occupied 12/25/1900 3/26/2004
33040775 HANOVER 17331 PA Single Family Owner Occupied 12/25/1900 3/30/2004
33257387 MIAMI 33155 FL Condo Non-Owner Occupied 12/25/1900 3/30/2004
33539172 MCKEES ROCKS 15136 PA Single Family Owner Occupied 12/25/1900 3/31/2004
33622929 GROSSE POINTE 48236 MI Single Family Owner Occupied 12/25/1900 3/30/2004
33964081 DENVER 80222 CO Single Family Non-Owner Occupied 12/25/1900 3/26/2004
33529074 HILLIARD 43026 OH Condo Owner Occupied 12/25/1900 3/31/2004
33614462 GAINESVILLE 32605 FL Single Family Owner Occupied 12/25/1900 3/25/2004
33619685 ST CLOUD 34769 FL Single Family Owner Occupied 12/25/1900 3/23/2004
33117862 KASSON 55944 MN Single Family Owner Occupied 12/25/1900 3/30/2004
4000129352 GARDNERVILLE 89410 NV Single Family Owner Occupied 12/25/1900 3/24/2004
33491739 CARMICHAEL 95608 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33494196 SAN JOSE 95136 CA PUD Owner Occupied 12/25/1900 3/19/2004
33885682 ANNAPOLIS 21401 MD Single Family Owner Occupied 12/25/1900 3/31/2004
32779233 NORTHVILLE 12134 NY Single Family Non-Owner Occupied 12/25/1900 3/31/2004
33489386 SAN ANDREAS 95249 CA Single Family Owner Occupied 12/25/1900 3/12/2004
33533191 FRANKLIN 45005 OH Single Family Owner Occupied 12/25/1900 3/25/2004
33328766 MARYSVILLE 95901 CA Single Family Owner Occupied 12/25/1900 3/11/2004
33094129 NORTH DARTMOUTH 2747 MA Single Family Owner Occupied 12/25/1900 3/31/2004
34042408 AUSTIN 78717 TX PUD Owner Occupied 12/25/1900 3/26/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33884347 5/1/2004 4/1/2034 358 237650 237650 6.375 1,262.52 6/1/2004 89.99848519 0-29
33741745 5/1/2004 4/1/2034 358 192000 192000 5.5 880.00 6/1/2004 80 0-29
33828252 5/1/2004 4/1/2034 358 160000 160000 7.375 983.33 6/1/2004 80 0-29
4000135252 5/1/2004 4/1/2034 358 167250 167250 6.625 923.36 6/1/2004 75 0-29
33557224 5/1/2004 4/1/2034 357 228000 228000 7.25 1,377.50 7/1/2004 79.44250871 0-29
31158876 5/1/2004 4/1/2034 358 72200 72038.23 7.5 504.84 6/1/2004 95 0-29
33712852 5/1/2004 4/1/2034 358 208000 207472.74 6.875 1,366.42 6/1/2004 86.30705394 0-29
33945981 5/1/2004 4/1/2034 358 115000 114805.12 8.875 915.00 6/1/2004 100 0-29
33909938 5/1/2004 4/1/2034 358 147950 147950 4.875 601.05 6/1/2004 79.97729607 0-29
33169269 5/1/2004 4/1/2034 358 118800 118570.17 8.25 892.51 6/1/2004 90 0-29
33117797 5/1/2004 4/1/2034 359 204000 204000 6 1,020.00 5/1/2004 80 0-29
33493453 5/1/2004 4/1/2034 357 250400 250400 4.875 1,017.25 7/1/2004 80 0-29
33555467 5/1/2004 4/1/2034 358 172000 172000 6.5 931.67 6/1/2004 80 0-29
33588203 5/1/2004 4/1/2034 357 62400 62288.66 8.625 485.35 7/1/2004 80 0-29
32918062 5/1/2004 4/1/2034 358 140000 139999.17 6.25 729.17 6/1/2004 80 0-29
33216664 5/1/2004 4/1/2034 358 195650 195103.45 6.375 1,220.61 6/1/2004 94.99094515 0-29
33908690 5/1/2004 4/1/2034 358 117800 117470.93 6.375 734.92 6/1/2004 79.96741565 0-29
33944554 5/1/2004 4/1/2034 358 82000 81999.63 5.875 401.46 6/1/2004 78.0952381 0-29
33098450 5/1/2004 4/1/2034 358 176000 175531.58 6.625 1,126.95 6/1/2004 80 0-29
33293069 5/1/2004 4/1/2034 358 312000 312000 5.375 1,397.50 6/1/2004 79.79539642 0-29
33006487 5/1/2004 4/1/2034 358 65450 65279.99 6.75 424.51 6/1/2004 85 0-29
33523820 5/1/2004 4/1/2034 358 195500 195500 7.5 1,221.88 6/1/2004 85 0-29
33739939 5/1/2004 4/1/2034 359 160000 160000 5.99 798.67 5/1/2004 57.76173285 0-29
32672230 5/1/2004 4/1/2034 353 29650 29453.99 8.25 222.76 1/1/2004 84.95702006 0-29
33910175 5/1/2004 4/1/2034 358 313050 312399.43 7.875 2,269.83 6/1/2004 99.98435 0-29
33702622 5/1/2004 4/1/2034 359 158100 157718.45 7.125 1,065.15 5/1/2004 85 0-29
33983651 5/1/2004 4/1/2034 358 95000 94802.39 7.875 688.82 6/1/2004 100 0-29
33235334 5/1/2004 4/1/2034 359 180200 180200 7.875 1,182.56 5/1/2004 85 0-29
33817511 5/1/2004 4/1/2034 359 114960 114960 4.875 467.03 5/1/2004 80 0-29
33346826 5/1/2004 4/1/2034 358 116500 116500 7.125 691.72 6/1/2004 93.2 0-29
33539842 5/1/2004 4/1/2034 358 193400 193398.58 6.25 1,007.29 6/1/2004 94.34146341 0-29
33962846 5/1/2004 4/1/2034 358 179900 179899.09 5.5 824.54 6/1/2004 79.95555556 0-29
33413287 5/1/2004 4/1/2034 358 248800 248800 6.125 1,269.92 6/1/2004 80 0-29
33816943 5/1/2004 4/1/2034 358 109520 109520 6.5 593.23 6/1/2004 80 0-29
33347816 5/1/2004 4/1/2034 358 222300 222300 6.75 1,250.44 6/1/2004 88.92 0-29
33556663 5/1/2004 4/1/2034 358 320000 320000 5.875 1,566.67 6/1/2004 80 0-29
33040189 5/1/2004 4/1/2034 358 196700 196700 5.125 840.07 6/1/2004 79.99186661 0-29
33815515 5/1/2004 4/1/2034 358 152480 152043.69 6.25 938.85 6/1/2004 80 0-29
4000125579 5/1/2004 4/1/2034 358 103750 103750 4.625 399.87 6/1/2004 79.9922899 0-29
33556531 5/1/2004 4/1/2034 359 330000 329142.81 6.75 2,140.38 5/1/2004 52.8 0-29
4000132982 5/1/2004 4/1/2034 358 112500 112500 7 656.25 6/1/2004 90 0-29
33339136 5/1/2004 4/1/2034 358 304000 303065.6 5.875 1,798.28 6/1/2004 80 0-29
33984329 5/1/2004 4/1/2034 357 192500 192500 6.25 1,002.60 7/1/2004 89.95747465 0-29
33289901 5/1/2004 4/1/2034 358 268000 268000 5.875 1,312.08 6/1/2004 80 0-29
33350638 5/1/2004 4/1/2034 358 122700 122694.25 6.5 664.63 6/1/2004 79.98748362 0-29
33040775 5/1/2004 4/1/2034 358 124200 124200 6.375 659.81 6/1/2004 80 0-29
33257387 5/1/2004 4/1/2034 357 158400 158400 6.75 891.00 7/1/2004 90 0-29
33539172 5/1/2004 4/1/2034 358 55100 54942.31 6.25 339.27 6/1/2004 95 0-29
33622929 5/1/2004 4/1/2034 358 166250 166250 5.625 779.30 6/1/2004 95 0-29
33964081 5/1/2004 4/1/2034 358 225900 225900 6.875 1,294.22 6/1/2004 90 0-29
33529074 5/1/2004 4/1/2034 358 85500 85500 6.75 480.94 6/1/2004 95 0-29
33614462 5/1/2004 4/1/2034 358 135000 134724.72 7.99 989.65 6/1/2004 90 0-29
33619685 5/1/2004 4/1/2034 357 90900 90900 8 606.00 7/1/2004 90 0-29
33117862 5/1/2004 4/1/2034 358 145600 145600 6.375 773.50 6/1/2004 80 0-29
4000129352 5/1/2004 4/1/2034 358 296400 295667.98 4.999 1,234.75 6/1/2004 80 0-29
33491739 5/1/2004 4/1/2034 358 200000 199999.4 5.875 979.17 6/1/2004 80 0-29
33494196 5/1/2004 4/1/2034 358 333600 333600 5.125 1,424.75 6/1/2004 80 0-29
33885682 5/1/2004 4/1/2034 358 277200 277200 4.875 1,126.13 6/1/2004 80 0-29
32779233 5/1/2004 4/1/2034 358 43500 43399.51 7.375 300.45 6/1/2004 75 0-29
33489386 5/1/2004 4/1/2034 358 146000 145582.24 6.25 898.95 6/1/2004 80 0-29
33533191 5/1/2004 4/1/2034 357 127500 127241.64 8 935.55 7/1/2004 85 0-29
33328766 5/1/2004 4/1/2034 358 227300 226665.05 6.375 1,418.06 6/1/2004 94.97942043 0-29
33094129 5/1/2004 4/1/2034 358 169150 168798.46 7.875 1,226.46 6/1/2004 85 0-29
34042408 5/1/2004 4/1/2034 358 192300 192300 4.875 781.22 6/1/2004 79.99600644 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33884347 6ML 5.875 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33741745 6ML 3.875 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33828252 6ML 5.5 3 7.375 13.375 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
4000135252 6ML 4 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33557224 6ML 5.625 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
31158876 6ML 6.5 3 7.5 13.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33712852 6ML 6 3 6.875 12.875 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33945981 6ML 6 3 8.875 14.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2007 6
33909938 6ML 3.5 3 4.875 10.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33169269 6ML 7 3 8.25 14.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33117797 6ML 4.625 3 6 12 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2007 6
33493453 6ML 3.625 3 4.875 10.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33555467 6ML 4.875 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33588203 6ML 6.75 3 8.625 14.625 1/0/1900 None 4/1/2006 6
32918062 6ML 4.875 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33216664 6ML 5.875 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33908690 6ML 5.375 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33944554 6ML 4.125 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33098450 6ML 5.625 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33293069 6ML 3.375 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33006487 6ML 5.75 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33523820 6ML 6.125 3 7.5 13.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33739939 6ML 3.5 3 5.99 11.99 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
32672230 6ML 7.125 3 8.25 14.25 1/24/1900 2% prepaid 4/1/2006 6
33910175 6ML 5.625 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33702622 6ML 6.25 3 7.125 13.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33983651 6ML 5.375 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33235334 6ML 6.5 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33817511 6ML 4.125 3 4.875 10.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33346826 6ML 5.875 3 7.125 13.125 1/0/1900 None 4/1/2007 6
33539842 6ML 5.375 3 6.25 12.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33962846 6ML 3.625 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33413287 6ML 4.75 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33816943 6ML 5.125 3 6.5 12.5 1/0/1900 None 4/1/2006 6
33347816 6ML 5.75 3 6.75 12.75 1/0/1900 None 4/1/2006 6
33556663 6ML 4.5 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33040189 6ML 4 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33815515 6ML 5.625 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000125579 6ML 3.375 3 4.625 10.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33556531 6ML 4.75 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000132982 6ML 5.375 3 7 13 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33339136 6ML 4.75 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33984329 6ML 4.875 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33289901 6ML 3.75 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2007 6
33350638 6ML 5.125 3 6.5 12.5 1/0/1900 None 4/1/2006 6
33040775 6ML 5.125 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33257387 6ML 4.75 3 6.75 12.75 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33539172 6ML 5.5 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33622929 6ML 5.625 3 5.625 11.625 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33964081 6ML 4.875 3 6.875 12.875 1/0/1900 None 4/1/2006 6
33529074 6ML 5.625 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33614462 6ML 6.75 3 7.99 13.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33619685 6ML 6.5 3 8 14 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33117862 6ML 4.75 3 6.375 12.375 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2009 6
4000129352 6ML 3.375 3 4.999 10.999 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33491739 6ML 3.875 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33494196 6ML 3.875 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33885682 6ML 3.75 3 4.875 10.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32779233 6ML 4 3 7.375 13.375 1/0/1900 None 4/1/2006 6
33489386 6ML 5.125 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33533191 6ML 6.625 3 8 14 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33328766 6ML 5.75 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33094129 6ML 5 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
34042408 6ML 3.625 3 4.875 10.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33884347 6 Purchase N Y 60
33741745 6 Purchase N Y 60
33828252 6 C/O Refi N Y 60
4000135252 6 Purchase N Y 60
33557224 6 C/O Refi N Y 60
31158876 6 C/O Refi N N 0
33712852 6 C/O Refi N N 0
33945981 6 Purchase N N 0
33909938 6 Purchase N Y 60
33169269 6 R/T Refi N N 0
33117797 6 C/O Refi N Y 60
33493453 6 Purchase N Y 60
33555467 6 C/O Refi N Y 60
33588203 6 C/O Refi N N 0
32918062 6 Purchase N Y 60
33216664 6 Purchase N N 0
33908690 6 Purchase N N 0
33944554 6 C/O Refi N Y 60
33098450 6 Purchase N N 0
33293069 6 Purchase N Y 60
33006487 6 C/O Refi N N 0
33523820 6 C/O Refi N Y 60
33739939 6 C/O Refi N Y 60
32672230 6 Purchase N N 0
33910175 6 Purchase N N 0
33702622 6 C/O Refi N N 0
33983651 6 Purchase N N 0
33235334 6 C/O Refi N Y 60
33817511 6 Purchase N Y 60
33346826 6 R/T Refi N Y 60
33539842 6 C/O Refi N Y 60
33962846 6 Purchase N Y 60
33413287 6 Purchase N Y 60
33816943 6 Purchase N Y 60
33347816 6 R/T Refi N Y 60
33556663 6 Purchase N Y 60
33040189 6 Purchase N Y 60
33815515 6 Purchase N N 0
4000125579 6 Purchase N Y 60
33556531 6 C/O Refi N N 0
4000132982 6 Purchase N Y 60
33339136 6 Purchase N N 0
33984329 6 Purchase N Y 60
33289901 6 C/O Refi N Y 60
33350638 6 Purchase N Y 60
33040775 6 Purchase N Y 60
33257387 6 Purchase N Y 60
33539172 6 Purchase N N 0
33622929 6 Purchase N Y 60
33964081 6 Purchase N Y 60
33529074 6 Purchase N Y 60
33614462 6 C/O Refi N N 0
33619685 6 C/O Refi N Y 60
33117862 6 Purchase N Y 60
4000129352 6 C/O Refi N Y 60
33491739 6 C/O Refi N Y 60
33494196 6 Purchase N Y 60
33885682 6 Purchase N Y 60
32779233 6 Purchase N N 0
33489386 6 Purchase N N 0
33533191 6 C/O Refi N N 0
33328766 6 Purchase N N 0
33094129 6 Purchase N N 0
34042408 6 Purchase N Y 60
D-1-29
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
4000123220 SANTA MARIA 93454 CA Single Family Owner Occupied 12/25/1900 3/26/2004
33622614 REFORD 48240 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33520925 TEMECULA 92592 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33784935 OAKLEY 94561 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33007048 NOBLESVILLE 46060 IN Single Family Owner Occupied 12/25/1900 3/31/2004
33811878 PHENIX CITY 36867 AL Single Family Owner Occupied 12/25/1900 3/25/2004
33906165 PORT ORANGE 32127 FL Single Family Owner Occupied 12/25/1900 3/31/2004
33909599 ORLANDO 32819 FL Single Family Owner Occupied 12/25/1900 3/26/2004
33159666 CHICAGO 60628 IL Single Family Owner Occupied 12/25/1900 3/24/2004
33489626 ACAMPO 95220 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33984089 MARGATE 33063 FL PUD Owner Occupied 12/25/1900 3/30/2004
33095787 CARVER 2330 MA Single Family Owner Occupied 12/25/1900 3/26/2004
33471129 GLENDALE 91205 CA Condo Owner Occupied 12/25/1900 3/25/2004
34104869 LOS ANGELES 90011 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33732520 BAKERSFIELD 93313 CA Single Family Owner Occupied 12/25/1900 3/18/2004
33532870 MASON 45040 OH Single Family Owner Occupied 12/25/1900 3/26/2004
33228321 HENDERSON 89014 NV Condo Owner Occupied 12/25/1900 3/26/2004
33117656 MINNEAPOLIS 55402 MN Single Family Non-Owner Occupied 12/25/1900 3/26/2004
33115122 RICHMOND 56368 MN Single Family Owner Occupied 12/25/1900 3/24/2004
33473471 LOS ANGELES 91042 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33784612 STOCKTON 95207 CA PUD Owner Occupied 12/25/1900 3/15/2004
33215799 XXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/19/2004
33428798 XXXXXXX 75088 TX Single Family Owner Occupied 12/25/1900 3/25/2004
33734005 RIVERSIDE 92508 CA PUD Owner Occupied 12/25/1900 3/15/2004
33227547 NORTH LAS VEGAS 89031 NV PUD Owner Occupied 12/25/1900 3/22/2004
33352204 XXXXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 3/31/2004
32946105 LEAGUE CITY 77573 TX PUD Non-Owner Occupied 12/25/1900 4/1/2004
33983974 NORTH MIAMI 33161 FL Single Family Owner Occupied 12/25/1900 3/31/2004
33687823 BAKERSFIELD 93313 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33449513 WILLOW GROVE 19090 PA Multi Family - 2 Units Owner Occupied 12/25/1900 3/26/2004
33408923 YUCAIPA 92399 CA Single Family Owner Occupied 12/25/1900 3/27/2004
33260134 DAVIE 33328 FL PUD Owner Occupied 12/25/1900 3/22/2004
33216870 XXXXXXXX 85552 AZ Single Family Owner Occupied 12/25/1900 3/29/2004
33234618 RENO 89523 NV Single Family Owner Occupied 12/25/1900 3/19/2004
4000125358 GRESHAM 97080 OR Single Family Owner Occupied 12/25/1900 3/31/2004
33369778 XXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/26/2004
33982240 XXXXX 00000 XX Multi Family - 2 Units Owner Occupied 12/25/1900 3/26/2004
33827643 HESPERIA 92345 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33093089 LONDONDERRY 3053 NH Condo Owner Occupied 12/25/1900 3/29/2004
32673881 XXXX XXX XXXXXX 00000 IA Single Family Owner Occupied 12/25/1900 3/23/2004
33542168 SAN DIEGO 92154 CA Condo Owner Occupied 12/25/1900 3/16/2004
33251240 HOBE SOUND 33455 FL Multi Family - 2 Units Non-Owner Occupied 12/25/1900 3/26/2004
31159494 XXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/24/2004
33435058 ARLINGTON 76001 TX PUD Owner Occupied 12/25/1900 3/30/2004
33336207 HEMET 92545 CA Single Family Owner Occupied 12/25/1900 3/10/2004
33964842 DENVER 80239 CO Single Family Owner Occupied 12/25/1900 3/25/2004
33365800 PONTIAC 48340 MI Single Family Owner Occupied 12/25/1900 3/30/2004
33097387 XXXXXXX 4073 ME Single Family Owner Occupied 12/25/1900 3/31/2004
33943911 SAN DIEGO 92114 CA Single Family Owner Occupied 12/25/1900 3/25/2004
32945511 ALLENTOWN 18109 PA Single Family Non-Owner Occupied 12/25/1900 3/29/2004
33424771 PLANO 75075 TX Single Family Owner Occupied 12/25/1900 3/26/2004
33234691 LAS VEGAS 89130 NV PUD Owner Occupied 12/25/1900 3/24/2004
33216086 GLENDALE 85302 AZ Single Family Owner Occupied 12/25/1900 3/23/2004
33168691 DETROIT 48235 MI Single Family Owner Occupied 12/25/1900 3/30/2004
33118282 MINNEAPOLIS 55418 MN Multi Family - 2 Units Non-Owner Occupied 12/25/1900 3/31/2004
4000108722 SOUTH PARK 15129 PA Single Family Owner Occupied 12/25/1900 3/24/2004
33116393 XXXXXXXX XXXX 00000 MN Single Family Owner Occupied 12/25/1900 3/24/2004
33982034 POMPANO BEACH 33060 FL Condo Owner Occupied 12/25/1900 3/26/2004
34044842 XXXX XXXXX 00000 TX Single Family Non-Owner Occupied 12/25/1900 3/29/2004
33370552 WESTLAND 48186 MI Condo Owner Occupied 12/25/1900 3/26/2004
33964651 DENVER 80221 CO Single Family Owner Occupied 12/25/1900 3/26/2004
32678864 OVERLAND 63114 MO Single Family Owner Occupied 12/25/1900 3/25/2004
33811571 EAST POINT 30344 GA Single Family Non-Owner Occupied 12/25/1900 3/23/2004
33819103 BETHLEHEM 30620 GA PUD Owner Occupied 12/25/1900 3/31/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
4000123220 5/1/2004 4/1/2034 357 265600 265600 5.375 1,189.67 7/1/2004 80 0-29
33622614 5/1/2004 4/1/2034 358 92000 91761 6.75 596.72 6/1/2004 73.6 0-29
33520925 5/1/2004 4/1/2034 358 313500 313498.13 6.5 1,698.13 6/1/2004 95 0-29
33784935 5/1/2004 4/1/2034 358 294400 294400 5.625 1,380.00 6/1/2004 80 0-29
33007048 5/1/2004 4/1/2034 358 160550 160143.04 6.875 1,054.70 6/1/2004 95 0-29
33811878 5/1/2004 4/1/2034 358 152000 152000 6.5 823.33 6/1/2004 95 0-29
33906165 5/1/2004 4/1/2034 358 128250 127900.29 6.5 810.63 6/1/2004 95 0-29
33909599 5/1/2004 4/1/2034 358 180000 179999.25 5.875 881.25 6/1/2004 84.90566038 0-29
33159666 5/1/2004 4/1/2034 358 108000 107769.83 7.75 773.73 6/1/2004 90 0-29
33489626 5/1/2004 4/1/2034 357 182400 182400 5.125 779.00 7/1/2004 80 0-29
33984089 5/1/2004 4/1/2034 357 256500 255759.29 6.75 1,663.66 7/1/2004 95 0-29
33095787 5/1/2004 4/1/2034 358 236000 236000 5.375 1,057.08 6/1/2004 80 0-29
33471129 5/1/2004 4/1/2034 358 248000 248000 5.625 1,162.50 6/1/2004 80 0-29
34104869 5/1/2004 4/1/2034 358 205000 204563.11 7.75 1,468.65 6/1/2004 100 0-29
33732520 5/1/2004 4/1/2034 358 263500 262862.57 7.125 1,775.25 6/1/2004 85 0-29
33532870 5/1/2004 4/1/2034 359 218400 217946.1 7.875 1,583.56 5/1/2004 80 0-29
33228321 5/1/2004 4/1/2034 358 161500 161164.36 7.875 1,170.99 6/1/2004 85 0-29
33117656 5/1/2004 4/1/2034 358 92800 92553.01 6.625 594.21 6/1/2004 80 0-29
33115122 5/1/2004 4/1/2034 359 107000 106722.07 6.75 694.00 5/1/2004 71.33333333 0-29
33473471 5/1/2004 4/1/2034 357 320000 320000 5.25 1,400.00 7/1/2004 80 0-29
33784612 5/1/2004 4/1/2034 358 196800 196800 5.125 840.50 6/1/2004 80 0-29
33215799 5/1/2004 4/1/2034 358 129200 128872.48 6.875 848.76 6/1/2004 95 0-29
33428798 5/1/2004 4/1/2034 358 123500 123236.8 7.75 884.77 6/1/2004 100 0-29
33734005 5/1/2004 4/1/2034 358 276000 276000 5.875 1,351.25 6/1/2004 80 0-29
33227547 5/1/2004 4/1/2034 358 213000 213000 7.5 1,331.25 6/1/2004 71.47651007 0-29
33352204 5/1/2004 4/1/2034 357 137800 137520.76 8 1,011.13 7/1/2004 100 0-29
32946105 5/1/2004 4/1/2034 358 86400 86170.05 6.625 553.23 6/1/2004 80 0-29
33983974 5/1/2004 4/1/2034 358 145000 145000 6.375 770.31 6/1/2004 87.87878788 0-29
33687823 5/1/2004 4/1/2034 358 126400 126371.03 5.5 579.33 6/1/2004 80 0-29
33449513 5/1/2004 4/1/2034 358 189900 189543.41 8.375 1,443.38 6/1/2004 100 0-29
33408923 5/1/2004 4/1/2034 358 136000 136000 6.25 708.33 6/1/2004 80 0-29
33260134 5/1/2004 4/1/2034 358 330000 329242.04 7.375 2,279.23 6/1/2004 44 0-29
33216870 5/1/2004 4/1/2034 357 114000 113899.99 6.625 629.38 7/1/2004 95 0-29
33234618 5/1/2004 4/1/2034 359 180050 180049.25 6 900.25 5/1/2004 79.98169816 0-29
4000125358 5/1/2004 4/1/2034 358 220000 220000 5.625 1,031.25 6/1/2004 89.79591837 0-29
33369778 5/1/2004 4/1/2034 359 132500 132129.87 6.375 826.63 5/1/2004 94.98207885 0-29
33982240 5/1/2004 4/1/2034 358 105000 104772.34 7.625 667.19 6/1/2004 52.5 0-29
33827643 5/1/2004 4/1/2034 358 156000 155641.68 7.375 1,077.46 6/1/2004 84.32432432 0-29
33093089 5/1/2004 4/1/2034 358 164000 164000 5.625 768.75 6/1/2004 80 0-29
32673881 5/1/2004 4/1/2034 358 124000 123715.18 7.375 856.44 6/1/2004 80 0-29
33542168 5/1/2004 4/1/2034 358 216000 216000 5.625 1,012.50 6/1/2004 80 0-29
33251240 5/1/2004 4/1/2034 358 148500 148500 7.125 881.72 6/1/2004 90 0-29
31159494 5/1/2004 4/1/2034 357 74000 73663.88 7 492.33 7/1/2004 54.61254613 0-29
33435058 5/1/2004 4/1/2034 358 87950 87950 6 439.75 6/1/2004 79.96181471 0-29
33336207 5/1/2004 4/1/2034 358 177900 177636.48 4.75 704.19 6/1/2004 79.97842066 0-29
33964842 5/1/2004 4/1/2034 357 146050 146050 7.25 882.39 7/1/2004 76.86842105 0-29
33365800 5/1/2004 4/1/2034 358 86000 85838.5 8.375 653.67 6/1/2004 80 0-29
33097387 5/1/2004 4/1/2034 358 126900 126615.68 7.5 887.31 6/1/2004 90 0-29
33943911 5/1/2004 4/1/2034 358 215000 215000 5.99 1,073.21 6/1/2004 69.57928803 0-29
32945511 5/1/2004 4/1/2034 358 35250 35174.87 7.75 252.54 6/1/2004 75 0-29
33424771 5/1/2004 4/1/2034 358 166400 166400 5.375 745.33 6/1/2004 75.46485261 0-29
33234691 5/1/2004 4/1/2034 358 196800 196800 6.75 1,107.00 6/1/2004 80 0-29
33216086 5/1/2004 4/1/2034 357 104400 104400 6.125 532.88 7/1/2004 80 0-29
33168691 5/1/2004 4/1/2034 358 113000 112759.18 7.75 809.55 6/1/2004 100 0-29
33118282 5/1/2004 4/1/2034 358 162000 161502.04 5.875 958.30 6/1/2004 64.8 0-29
4000108722 5/1/2004 4/1/2034 358 90000 89748.89 5.375 403.12 6/1/2004 78.26086957 0-29
33116393 5/1/2004 4/1/2034 358 303300 303299.22 7.625 1,927.22 6/1/2004 90 0-29
33982034 5/1/2004 4/1/2034 357 80000 79820.75 7.5 559.38 7/1/2004 68.96551724 0-29
34044842 5/1/2004 4/1/2034 359 146700 146700 7.125 871.03 5/1/2004 90 0-29
33370552 5/1/2004 4/1/2034 358 174550 174550 6.5 945.48 6/1/2004 79.97745694 0-29
33964651 5/1/2004 4/1/2034 358 162000 161999.99 7.375 995.63 6/1/2004 90 0-29
32678864 5/1/2004 4/1/2034 358 75900 75900 6.875 434.84 6/1/2004 79.97892518 0-29
33811571 5/1/2004 4/1/2034 359 140250 140250 7.75 905.78 5/1/2004 85 0-29
33819103 5/1/2004 4/1/2034 358 93920 93920 6.125 479.38 6/1/2004 80 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
4000123220 6ML 4.125 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33622614 6ML 5.25 3 6.75 12.75 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33520925 6ML 5.625 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33784935 6ML 4.125 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2007 6
33007048 6ML 6.375 3 6.875 12.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33811878 6ML 5.125 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33906165 6ML 5.875 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33909599 6ML 4.625 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2007 6
33159666 6ML 6.5 3 7.75 13.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33489626 6ML 4 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33984089 6ML 5.125 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33095787 6ML 4.25 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33471129 6ML 4.25 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
34104869 6ML 5.5 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33732520 6ML 6.375 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33532870 6ML 6.5 3 7.875 13.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33228321 6ML 6.75 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33117656 6ML 3.75 3 6.625 12.625 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33115122 6ML 5.625 3 6.75 12.75 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33473471 6ML 3.875 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33784612 6ML 3.875 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33215799 6ML 6 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33428798 6ML 5.125 3 7.75 13.75 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33734005 6ML 4.375 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33227547 6ML 5.875 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33352204 6ML 5.5 3 8 14 1/0/1900 None 4/1/2006 6
32946105 6ML 4.625 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33983974 6ML 5.375 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33687823 6ML 3.875 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33449513 6ML 6.125 3 8.375 14.375 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2007 6
33408923 6ML 4.875 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33260134 6ML 5.125 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33216870 6ML 5.875 3 6.625 12.625 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33234618 6ML 4.875 3 6 12 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
4000125358 6ML 4.625 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33369778 6ML 5.375 3 6.375 12.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33982240 6ML 5.625 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33827643 6ML 6.5 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33093089 6ML 4 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
32673881 6ML 6 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33542168 6ML 4.125 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33251240 6ML 5.75 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
31159494 6ML 5.25 3 7 13 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33435058 6ML 4.125 3 6 12 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33336207 6ML 3.625 3 4.75 10.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33964842 6ML 5.375 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33365800 6ML 6.75 3 8.375 14.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33097387 6ML 6.5 3 7.5 13.5 1/0/1900 None 4/1/2006 6
33943911 6ML 4.375 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
32945511 6ML 5.875 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33424771 6ML 4.375 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33234691 6ML 5.125 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33216086 6ML 4.5 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33168691 6ML 5.625 3 7.75 13.75 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33118282 6ML 4.5 3 5.875 11.875 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
4000108722 6ML 3.625 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33116393 6ML 6.75 3 7.625 13.625 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33982034 6ML 6 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
34044842 6ML 5.5 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33370552 6ML 6 3 6.5 12.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33964651 6ML 6.25 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
32678864 6ML 5.5 3 6.875 12.875 1/24/1900 2% prepaid 4/1/2006 6
33811571 6ML 5.625 3 7.75 13.75 1/0/1900 None 4/1/2006 6
33819103 6ML 4.75 3 6.125 12.125 1/0/1900 None 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
4000123220 6 C/O Refi N Y 60
33622614 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33784935 6 C/O Refi N Y 60
33007048 6 Purchase N N 0
33811878 6 C/O Refi N Y 60
33906165 6 Purchase N N 0
33909599 6 C/O Refi N Y 60
33159666 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33984089 6 Purchase N N 0
33095787 6 Purchase N Y 60
33471129 6 Purchase N Y 60
34104869 6 Purchase N N 0
33732520 6 C/O Refi N N 0
33532870 6 C/O Refi N N 0
33228321 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X N 0
33115122 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33784612 6 Purchase N Y 60
33215799 6 C/O Refi N N 0
33428798 6 Purchase N N 0
33734005 6 Purchase N Y 60
33227547 6 R/T Refi N Y 60
33352204 6 Purchase N N 0
32946105 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33687823 6 Purchase N Y 60
33449513 6 Purchase N N 0
33408923 6 Purchase N Y 60
33260134 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33234618 6 Purchase N Y 60
4000125358 6 Purchase N Y 60
33369778 6 X/X Xxxx X X 0
00000000 0 X/X Xxxx X Y 60
33827643 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
32673881 6 R/T Refi N N 0
33542168 6 Purchase N Y 60
33251240 6 Purchase N Y 60
31159494 6 R/T Refi N N 0
33435058 6 Purchase N Y 60
33336207 6 Purchase N Y 60
33964842 6 R/T Refi N Y 60
33365800 6 Purchase N N 0
33097387 6 Purchase N N 0
33943911 6 C/O Refi N Y 60
32945511 6 Purchase N N 0
33424771 6 R/T Refi N Y 60
33234691 6 Purchase N Y 60
33216086 6 Purchase N Y 60
33168691 6 Purchase N N 0
33118282 6 C/O Refi N N 0
4000108722 6 X/X Xxxx X X 00
00000000 0 X/X Xxxx X Y 60
33982034 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33370552 6 Purchase N Y 60
33964651 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33811571 6 Purchase N Y 60
33819103 6 Purchase N Y 60
D-1-30
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33515420 LOS ANGELES 90031 CA Single Family Owner Occupied 12/25/1900 3/19/2004
33520123 VICTORVILLE 92392 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33485020 XXXXXXX 95326 CA PUD Owner Occupied 12/25/1900 3/25/2004
33908138 CLERMONT 34711 FL PUD Owner Occupied 12/25/1900 3/29/2004
33740275 LOS ANGELES 90011 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33985854 XXXXXXXXXX 00000 FL Condo >4 Owner Occupied 12/25/1900 3/26/2004
33520271 XXXXXXXX 00000 XX Condo Owner Occupied 12/25/1900 3/17/2004
33826801 LOS ANGELES 90044 CA Single Family Owner Occupied 12/25/1900 3/26/2004
33983131 NAPLES 34116 FL Single Family Owner Occupied 12/25/1900 3/26/2004
32975252 SAINT XXXXXX 64501 MO Single Family Owner Occupied 12/25/1900 3/26/2004
33810771 ALPHARETTA 30004 GA PUD Owner Occupied 12/25/1900 3/31/2004
33945288 OREGON CITY 97045 OR Single Family Owner Occupied 12/25/1900 3/24/2004
33387994 COLLEGE PARK 30349 GA Single Family Owner Occupied 12/25/1900 3/31/2004
34006395 XXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/1/2004
33882028 WOODBRIDGE 22193 VA Single Family Non-Owner Occupied 12/25/1900 3/25/2004
33514324 XXXXXX CITY 90230 CA Condo Owner Occupied 12/25/1900 3/11/2004
34102251 HENDERSON 89074 NV PUD Owner Occupied 12/25/1900 3/25/2004
33097809 WEST WARWICK 2893 RI Single Family Owner Occupied 12/25/1900 3/23/2004
33619552 DAYTONA BEACH 32117 FL Single Family Owner Occupied 12/25/1900 3/24/2004
33556762 SUISUN CITY 94585 CA Single Family Owner Occupied 12/25/1900 3/11/2004
33982810 XXXXXXX XXXXX 00000 FL Condo Owner Occupied 12/25/1900 3/26/2004
33984469 XXXX XXXXXXXXXX 00000 FL Multi Family - 2 Units Non-Owner Occupied 12/25/1900 3/26/2004
31159106 XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/31/2004
32679060 INDEPENDENCE 64052 MO Single Family Owner Occupied 12/25/1900 3/25/2004
33423948 ARLINGTON 76017 TX Single Family Owner Occupied 12/25/1900 3/24/2004
33351545 CHARLESTON 29492 SC PUD Owner Occupied 12/25/1900 3/31/2004
33814088 DECATUR 30034 GA Single Family Owner Occupied 12/25/1900 3/26/2004
33571027 XXXXXXX 00000 OR PUD Owner Occupied 12/25/1900 3/9/2004
33943218 FONTANA 92336 CA Single Family Owner Occupied 12/25/1900 3/22/2004
34084384 SANTA CLARITA 91387 CA Condo Owner Occupied 12/25/1900 3/26/2004
33814633 XXXXX 38049 TN Single Family Owner Occupied 12/25/1900 3/31/2004
33810250 ROSWELL 30075 GA PUD Owner Occupied 12/25/1900 3/31/2004
32715245 KENT 98030 WA PUD Owner Occupied 12/25/1900 3/18/2004
33576141 ESTACADA 97023 OR Single Family Owner Occupied 12/25/1900 3/18/2004
32678781 XXXXXXXX XXXXXXX 00000 MO Single Family Owner Occupied 12/25/1900 3/22/2004
33452020 XXXXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 3/26/2004
33425265 CEDAR PARK 78613 TX PUD Owner Occupied 12/25/1900 3/25/2004
33007907 INDIANAPOLIS 46256 IN Single Family Owner Occupied 12/25/1900 3/22/2004
33156175 XX. XXXXXX 00000 IL Single Family Owner Occupied 12/25/1900 3/31/2004
33619693 APOPKA 32712 FL PUD Owner Occupied 12/25/1900 3/31/2004
33598012 XXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 3/22/2004
34103580 HIGHLAND 92346 CA Single Family Owner Occupied 12/25/1900 3/23/2004
34046011 PLANO 75023 TX Single Family Owner Occupied 12/25/1900 3/30/2004
33235078 NORTH LAS VEGAS 89032 NV Single Family Owner Occupied 12/25/1900 3/23/2004
33985003 XXXX XXXXXXXXXX 00000 FL PUD Owner Occupied 12/25/1900 3/26/2004
33807710 VILLA RICA 30180 GA Single Family Owner Occupied 12/25/1900 3/29/2004
33533712 XXXXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/31/2004
33492539 LAWNDALE 90260 CA Single Family Owner Occupied 12/25/1900 3/15/2004
33234550 LAS VEGAS 89146 NV Single Family Owner Occupied 12/25/1900 3/18/2004
33707571 CHICAGO 60618 IL Condo Owner Occupied 12/25/1900 3/25/2004
33883430 XXXXXXXX 00000 MD Single Family Owner Occupied 12/25/1900 3/26/2004
33904483 TAMPA 33634 FL Single Family Owner Occupied 12/25/1900 3/24/2004
33536566 XXXX XXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/26/2004
33739350 LONG BEACH 90805 CA Single Family Owner Occupied 12/25/1900 3/15/2004
33741596 YUCAIPA 92399 CA Single Family Owner Occupied 12/25/1900 3/26/2004
33728767 XXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/17/2004
33735317 GARDEN GROVE 92843 CA Condo Owner Occupied 12/25/1900 3/18/2004
33725433 XXXXXXXXX 00000 XX Condo Owner Occupied 12/25/1900 3/23/2004
33576307 STAYTON 97383 OR PUD Owner Occupied 12/25/1900 3/23/2004
33713363 SPRINGFIELD 62703 IL Single Family Owner Occupied 12/25/1900 3/31/2004
33619537 PALM HARBOR 34683 FL Single Family Owner Occupied 12/25/1900 3/26/2004
33432881 XXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 3/23/2004
33426768 XXXXXX 00000 XX PUD Owner Occupied 12/25/1900 3/25/2004
33705559 CROWN POINT 46307 IN Single Family Owner Occupied 12/25/1900 3/22/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33515420 5/1/2004 4/1/2034 358 233000 232996.61 5.99 1,163.06 6/1/2004 77.66666667 0-29
33520123 5/1/2004 4/1/2034 357 180000 180000 5.625 843.75 7/1/2004 80 0-29
33485020 5/1/2004 4/1/2034 358 206100 206048.56 5.99 1,028.78 6/1/2004 79.98727034 0-29
33908138 5/1/2004 4/1/2034 358 142650 142314.11 7.25 973.13 6/1/2004 90 0-29
33740275 5/1/2004 4/1/2034 357 160000 159997.99 5.5 733.33 7/1/2004 80 0-29
33985854 5/1/2004 4/1/2034 357 49300 49300 7.99 328.26 7/1/2004 85 0-29
33520271 5/1/2004 4/1/2034 358 278400 278400 5.75 1,334.00 6/1/2004 80 0-29
33826801 5/1/2004 4/1/2034 358 180000 179850 6.125 918.75 6/1/2004 80 0-29
33983131 5/1/2004 4/1/2034 358 146000 145672.88 7.5 1,020.86 6/1/2004 77.24867725 0-29
32975252 5/1/2004 4/1/2034 357 97500 97234.14 6.5 616.27 7/1/2004 75 0-29
33810771 5/1/2004 4/1/2034 358 177600 177600 5.875 869.50 6/1/2004 80 0-29
33945288 5/1/2004 4/1/2034 358 207000 206462.31 6.75 1,342.60 6/1/2004 90 0-29
33387994 5/1/2004 4/1/2034 358 130400 130400 7.25 787.83 6/1/2004 89.96826273 0-29
34006395 5/1/2004 4/1/2034 359 206000 205700.85 7.625 1,458.06 5/1/2004 100 0-29
33882028 5/1/2004 4/1/2034 358 205000 205000 6.25 1,067.71 6/1/2004 82 0-29
33514324 5/1/2004 4/1/2034 357 252000 251858.54 6.125 1,286.25 7/1/2004 80 0-29
34102251 5/1/2004 4/1/2034 358 175000 175000 6.99 1,019.38 6/1/2004 83.73205742 0-29
33097809 5/1/2004 4/1/2034 358 158000 157609.19 7 1,051.18 6/1/2004 84.49197861 0-29
33619552 5/1/2004 4/1/2034 358 91400 91400 7.625 580.77 6/1/2004 79.47826087 0-29
33556762 5/1/2004 4/1/2034 358 288000 287900 5.75 1,380.00 6/1/2004 80 0-29
33982810 5/1/2004 4/1/2034 358 104800 104800 5.625 491.25 6/1/2004 80 0-29
33984469 5/1/2004 4/1/2034 358 179100 179099.84 6.99 1,043.26 6/1/2004 90 0-29
31159106 5/1/2004 4/1/2034 358 118550 118226.74 6.5 749.32 6/1/2004 84.98207885 0-29
32679060 5/1/2004 4/1/2034 359 84000 84000 8 560.00 5/1/2004 80 0-29
33423948 5/1/2004 4/1/2034 358 102400 102152.86 7.125 689.89 6/1/2004 76.9924812 0-29
33351545 5/1/2004 4/1/2034 357 146600 146600 5.125 626.10 7/1/2004 79.98908744 0-29
33814088 5/1/2004 4/1/2034 359 130500 130185.03 7.125 879.21 5/1/2004 87 0-29
33571027 5/1/2004 4/1/2034 358 151200 150822.1 7.25 1,031.46 6/1/2004 90 0-29
33943218 5/1/2004 4/1/2034 358 200800 200800 6.125 1,024.92 6/1/2004 80 0-29
34084384 5/1/2004 4/1/2034 357 178400 178400 5.99 890.51 7/1/2004 80 0-29
33814633 5/1/2004 4/1/2034 358 106000 106000 6.875 607.29 6/1/2004 81.53846154 0-29
33810250 5/1/2004 4/1/2034 358 157400 157400 4.75 623.04 6/1/2004 79.98780364 0-29
32715245 5/1/2004 4/1/2034 358 248800 248757.24 4.125 855.25 6/1/2004 80 0-29
33576141 5/1/2004 4/1/2034 358 161500 161500 6.75 908.44 6/1/2004 95 0-29
32678781 5/1/2004 4/1/2034 358 124000 123800 7.625 787.92 6/1/2004 83.78378378 0-29
33452020 5/1/2004 4/1/2034 358 127500 127192.28 7.125 859.00 6/1/2004 75 0-29
33425265 5/1/2004 4/1/2034 358 105600 105312.03 6.5 667.47 6/1/2004 80 0-29
33007907 5/1/2004 4/1/2034 357 113600 113600 6.625 627.17 7/1/2004 80 0-29
33156175 5/1/2004 4/1/2034 358 30400 30324.78 7 202.26 6/1/2004 80 0-29
33619693 5/1/2004 4/1/2034 358 120000 120000 5.75 575.00 6/1/2004 80 0-29
33598012 5/1/2004 4/1/2034 358 128000 127706 7.375 884.07 6/1/2004 80 0-29
34103580 5/1/2004 4/1/2034 358 170000 170000 7.25 1,027.08 6/1/2004 85 0-29
34046011 5/1/2004 4/1/2034 358 100800 100800 5.75 483.00 6/1/2004 80 0-29
33235078 5/1/2004 4/1/2034 359 150400 150400 5.99 750.75 5/1/2004 80 0-29
33985003 5/1/2004 4/1/2034 358 210000 209550 5.75 1,006.25 6/1/2004 85.71428571 0-29
33807710 5/1/2004 4/1/2034 358 107825 107825 7 628.98 6/1/2004 95 0-29
33533712 5/1/2004 4/1/2034 358 123250 122973.85 7.5 861.79 6/1/2004 85 0-29
33492539 5/1/2004 4/1/2034 358 320000 320000 5.875 1,566.67 6/1/2004 80 0-29
33234550 5/1/2004 4/1/2034 357 100000 99999.64 7.125 593.75 7/1/2004 62.89308176 0-29
33707571 5/1/2004 4/1/2034 358 293300 292642.89 7.5 2,050.80 6/1/2004 94.99595142 0-29
33883430 5/1/2004 4/1/2034 358 147250 146876.74 6.875 967.33 6/1/2004 95 0-29
33904483 5/1/2004 4/1/2034 358 123500 123500 7.25 746.15 6/1/2004 95 0-29
33536566 5/1/2004 4/1/2034 358 236000 235274.62 5.875 1,396.03 6/1/2004 80 0-29
33739350 5/1/2004 4/1/2034 358 197600 197600 5.375 885.08 6/1/2004 80 0-29
33741596 5/1/2004 4/1/2034 358 252000 251476.29 7.875 1,827.18 6/1/2004 90 0-29
33728767 5/1/2004 4/1/2034 358 323000 323000 5.99 1,612.31 6/1/2004 95 0-29
33735317 5/1/2004 4/1/2034 358 220800 220800 6.375 1,173.00 6/1/2004 92 0-29
33725433 5/1/2004 4/1/2034 358 236000 235946.92 5.375 1,057.08 6/1/2004 80 0-29
33576307 5/1/2004 4/1/2034 358 163150 162784.48 7.5 1,140.77 6/1/2004 99.97242563 0-29
33713363 5/1/2004 4/1/2034 358 86900 86723.87 8 637.65 6/1/2004 94.9726776 0-29
33619537 5/1/2004 4/1/2034 359 127900 127900 5 532.92 5/1/2004 79.98749218 0-29
33432881 5/1/2004 4/1/2034 359 132600 132344.59 8.25 996.18 5/1/2004 85 0-29
33426768 5/1/2004 4/1/2034 358 143400 143036.49 6.875 942.04 6/1/2004 89.99002203 0-29
33705559 5/1/2004 4/1/2034 358 139500 139202.1 7.75 999.40 6/1/2004 90 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33515420 6ML 4.375 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33520123 6ML 3.875 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33485020 6ML 4.625 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33908138 6ML 6.25 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33740275 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33985854 6ML 5.875 3 7.99 13.99 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2007 6
33520271 6ML 3.875 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33826801 6ML 4.875 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33983131 6ML 5.625 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
32975252 6ML 5 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33810771 6ML 4.25 3 5.875 11.875 1/0/1900 None 4/1/2009 6
33945288 6ML 5.75 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33387994 6ML 6.25 3 7.25 13.25 1/0/1900 None 4/1/2006 6
34006395 6ML 5.25 3 7.625 13.625 1/0/1900 None 4/1/2006 6
33882028 6ML 4.125 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33514324 6ML 4.375 3 6.125 12.125 1/12/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
34102251 6ML 5.375 3 6.99 12.99 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33097809 6ML 6.25 3 7 13 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33619552 6ML 5.5 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33556762 6ML 4.375 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33982810 6ML 4.125 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33984469 6ML 5.375 3 6.99 12.99 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
31159106 6ML 5.625 3 6.5 12.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
32679060 6ML 5.875 3 8 14 1/24/1900 2% prepaid 4/1/2006 6
33423948 6ML 5.5 3 7.125 13.125 1/0/1900 None 4/1/2006 6
33351545 6ML 3.625 3 5.125 11.125 1/0/1900 None 4/1/2006 6
33814088 6ML 6.5 3 7.125 13.125 1/0/1900 None 4/1/2006 6
33571027 6ML 6.5 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33943218 6ML 4.75 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
34084384 6ML 4.75 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33814633 6ML 5.75 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33810250 6ML 3.375 3 4.75 10.75 1/0/1900 None 4/1/2009 6
32715245 6ML 3.375 3 4.125 10.125 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33576141 6ML 5.75 3 6.75 12.75 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2007 6
32678781 6ML 6.25 3 7.625 13.625 1/24/1900 2% prepaid 4/1/2006 6
33452020 6ML 5.875 3 7.125 13.125 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33425265 6ML 4.875 3 6.5 12.5 1/0/1900 None 4/1/2006 6
33007907 6ML 5.125 3 6.625 12.625 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33156175 6ML 5.875 3 7 13 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33619693 6ML 4.125 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33598012 6ML 6 3 7.375 13.375 1/0/1900 None 4/1/2006 6
34103580 6ML 6.125 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
34046011 6ML 4 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33235078 6ML 4.125 3 5.99 11.99 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33985003 6ML 5 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33807710 6ML 6 3 7 13 1/0/1900 None 4/1/2007 6
33533712 6ML 6.25 3 7.5 13.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33492539 6ML 3.875 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33234550 6ML 5.125 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33707571 6ML 6 3 7.5 13.5 1/0/1900 None 4/1/2006 6
33883430 6ML 6 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33904483 6ML 6.125 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33536566 6ML 4.75 3 5.875 11.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33739350 6ML 4 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33741596 6ML 6.125 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33728767 6ML 4.875 3 5.99 11.99 1/0/1900 None 4/1/2006 6
33735317 6ML 5.25 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33725433 6ML 4 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33576307 6ML 5.25 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33713363 6ML 7 3 8 14 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33619537 6ML 4.25 3 5 11 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33432881 6ML 6.875 3 8.25 14.25 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2007 6
33426768 6ML 6.25 3 6.875 12.875 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33705559 6ML 6.5 3 7.75 13.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33515420 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33485020 6 Purchase N Y 60
33908138 6 Purchase N N 0
33740275 6 Purchase N Y 60
33985854 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33826801 6 C/O Refi N Y 60
33983131 6 C/O Refi N N 0
32975252 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33945288 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34006395 6 Purchase N N 0
33882028 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
34102251 6 C/O Refi N Y 60
33097809 6 X/X Xxxx X X 0
00000000 0 X/X Xxxx X Y 60
33556762 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33984469 6 Purchase N Y 60
31159106 6 Purchase N N 0
32679060 6 C/O Refi N Y 60
33423948 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33814088 6 C/O Refi N N 0
33571027 6 Purchase N N 0
33943218 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33814633 6 Purchase N Y 60
33810250 6 Purchase N Y 60
32715245 6 Purchase N Y 60
33576141 6 C/O Refi N Y 60
32678781 6 C/O Refi N Y 60
33452020 6 C/O Refi N N 0
33425265 6 C/O Refi N N 0
33007907 6 R/T Refi N Y 60
33156175 6 Purchase N N 0
33619693 6 Purchase N Y 60
33598012 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
34046011 6 Purchase N Y 60
33235078 6 C/O Refi N Y 60
33985003 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33533712 6 Purchase N N 0
33492539 6 C/O Refi N Y 60
33234550 6 C/O Refi N Y 60
33707571 6 Purchase N N 0
33883430 6 X/X Xxxx X X 0
00000000 0 X/X Xxxx X Y 60
33536566 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33741596 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33735317 6 Purchase N Y 60
33725433 6 Purchase N Y 60
33576307 6 Purchase N N 0
33713363 6 Purchase N N 0
33619537 6 Purchase N Y 60
33432881 6 R/T Refi N N 0
33426768 6 Purchase N N 0
33705559 6 X/X Xxxx X X 0
X-0-00
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33708744 FLOSSMOOR 60422 IL Single Family Non-Owner Occupied 12/25/1900 3/25/2004
0000000000 HARRISBURG 17110 PA Single Family Non-Owner Occupied 12/25/1900 4/2/2004
4000132559 HARRISBURG 17104 PA Single Family Non-Owner Occupied 12/25/1900 4/2/2004
4000132560 HARRISBURG 17104 PA Single Family Non-Owner Occupied 12/25/1900 4/2/2004
0000000000 HARRISBURG 17104 PA Single Family Non-Owner Occupied 12/25/1900 4/2/2004
32313983 MACOMB 48042 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33740150 ORANGE 92869 CA Condo Owner Occupied 12/25/1900 3/23/2004
33742768 XXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/19/2004
33984386 XXXX XXXX XXXXX 00000 FL Single Family Owner Occupied 12/25/1900 3/25/2004
33445149 SICKLERVILLE 8081 NJ Single Family Owner Occupied 12/25/1900 3/26/2004
00000000 MOBILE 36695 AL Single Family Owner Occupied 12/25/1900 3/26/2004
33533555 XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/31/2004
33909672 XXXXXXX HILLS 34465 FL Single Family Owner Occupied 12/25/1900 3/30/2004
33595190 TICKFAW 70466 LA Single Family Owner Occupied 12/25/1900 3/26/2004
33095464 XXXXXXXX 1469 MA Single Family Owner Occupied 12/25/1900 3/24/2004
33823782 SAN BERNARDINO 92404 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33428210 ROCKWALL 75032 TX PUD Owner Occupied 12/25/1900 3/26/2004
33684853 TULARE 93274 CA Single Family Owner Occupied 12/25/1900 3/12/2004
33739624 XXXXXXXX XXXX 00000 CA Single Family Owner Occupied 12/25/1900 3/18/2004
33473554 EL MONTE 91731 CA Multi Family - 2 Units Owner Occupied 12/25/1900 3/18/2004
33982844 HIALEAH 33018 FL Single Family Owner Occupied 12/25/1900 3/31/2004
33292384 FRESNO 93722 CA Single Family Non-Owner Occupied 12/25/1900 3/17/2004
33109463 STRUM 54770 WI Single Family Owner Occupied 12/25/1900 3/29/2004
0000000000 PORTLAND 97220 OR Single Family Owner Occupied 12/25/1900 3/26/2004
33215914 XXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/25/2004
33963638 LAKEWOOD 80226 CO Single Family Owner Occupied 12/25/1900 3/29/2004
33615931 KISSIMMEE 34743 FL PUD Owner Occupied 12/25/1900 3/26/2004
33337239 ORANGE 92869 CA Condo Owner Occupied 12/25/1900 3/12/2004
33524091 XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/26/2004
34043034 WYLIE 75098 TX PUD Owner Occupied 12/25/1900 3/31/2004
33815770 XXXXX 30809 GA Single Family Owner Occupied 12/25/1900 3/26/2004
33419276 HESPERIA 92345 CA Single Family Owner Occupied 12/25/1900 3/4/2004
4000126748 AUBURN 36830 AL Single Family Owner Occupied 12/25/1900 3/29/2004
33906702 WINTER HAVEN 33881 FL Single Family Owner Occupied 12/25/1900 3/25/2004
33117557 XXXXXX 55369 MN Single Family Owner Occupied 12/25/1900 3/30/2004
33166489 VASSAR 48768 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33421611 MIRA LOMA 91752 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33578816 SHERWOOD 97140 OR Single Family Owner Occupied 12/25/1900 3/26/2004
33736463 MENIFEE AREA 92584 CA PUD Owner Occupied 12/25/1900 3/15/2004
33518259 WHITTIER 90606 CA Single Family Owner Occupied 12/25/1900 3/17/2004
33560855 CHULA VISTA 91910 CA PUD Owner Occupied 12/25/1900 3/26/2004
32914129 XXXX XXXX XXXX 00000 XX Single Family Second Home 12/25/1900 3/19/2004
33985656 XXXXXXXX XXXXX 00000 XX XXX Owner Occupied 12/25/1900 3/31/2004
33216367 ALBUQUERQUE 87114 NM Single Family Owner Occupied 12/25/1900 3/26/2004
33346297 XXXXXX 00000 XX PUD Owner Occupied 12/25/1900 3/31/2004
33214057 XXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 3/24/2004
33812884 CEDAR HILL 37032 TN Single Family Owner Occupied 12/25/1900 3/26/2004
33292962 XXXXXXX 93907 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33783648 BENICIA 94510 CA Condo Owner Occupied 12/25/1900 3/16/2004
33810870 XXXXXXX 38016 TN PUD Owner Occupied 12/25/1900 3/25/2004
33568908 XXXXXXX 97383 OR Single Family Owner Occupied 12/25/1900 3/23/2004
33810649 KNOXVILLE 37920 TN Single Family Owner Occupied 12/25/1900 3/26/2004
32676041 XXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/22/2004
32474991 DRESDEN 43821 OH Single Family Owner Occupied 12/25/1900 3/20/2004
33210931 TUCSON 85748 AZ Single Family Owner Occupied 12/25/1900 3/26/2004
33818766 PHENIX CITY 36867 AL Single Family Owner Occupied 12/25/1900 3/31/2004
33116864 XXXXXXXXX 55045 MN Single Family Owner Occupied 12/25/1900 3/31/2004
33453184 XXXXXX MANOR 8317 NJ Single Family Owner Occupied 12/25/1900 3/31/2004
33815846 MEMPHIS 38141 TN Single Family Owner Occupied 12/25/1900 3/29/2004
33007964 NOBLESVILLE 46060 IN Single Family Owner Occupied 12/25/1900 3/25/2004
33613167 TAMPA 33607 FL Single Family Second Home 12/25/1900 3/25/2004
33541095 XXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/30/2004
33824483 HESPERIA 92345 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33351271 GARNER 27529 NC Single Family Owner Occupied 12/25/1900 3/31/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33708744 5/1/2004 4/1/2034 357 62500 62304.08 8 458.61 7/1/2004 67.56756757 0-29
0000000000 5/1/2004 4/1/2034 358 53100 53100 6.999 309.71 6/1/2004 90 0-29
4000132559 5/1/2004 4/1/2034 358 49500 49500 6.999 288.71 6/1/2004 90 0-29
4000132560 5/1/2004 4/1/2034 358 62100 62100 6.999 362.20 6/1/2004 90 0-29
0000000000 5/1/2004 4/1/2034 358 62100 62100 6.999 362.20 6/1/2004 90 0-29
32313983 5/1/2004 4/1/2034 358 219300 218877.59 8.25 1,647.53 6/1/2004 85 0-29
33740150 5/1/2004 4/1/2034 358 112000 112000 6.875 641.67 6/1/2004 52.09302326 0-29
33742768 5/1/2004 4/1/2034 358 264000 264000 5.875 1,292.50 6/1/2004 80 0-29
33984386 5/1/2004 4/1/2034 358 105000 105000 5 437.50 6/1/2004 79.54545455 0-29
33445149 5/1/2004 4/1/2034 358 228500 228500 7.125 1,356.72 6/1/2004 89.99180819 0-29
33617762 5/1/2004 4/1/2034 358 137900 137900 7.25 833.15 6/1/2004 81.16539141 0-29
33533555 5/1/2004 4/1/2034 357 129200 128864.36 6.75 837.99 7/1/2004 85 0-29
33909672 5/1/2004 4/1/2034 358 115250 115250 6.125 588.26 6/1/2004 84.99262537 0-29
33595190 5/1/2004 4/1/2034 358 68400 67998.81 7.125 406.13 6/1/2004 90 0-29
33095464 5/1/2004 4/1/2034 359 186100 185661.8 7.25 1,269.54 5/1/2004 79.19148936 0-29
33823782 5/1/2004 4/1/2034 358 151200 151200 7 882.00 6/1/2004 90 0-29
33428210 5/1/2004 4/1/2034 358 115200 115200 6.375 612.00 6/1/2004 80 0-29
33684853 5/1/2004 4/1/2034 358 149500 149500 7.5 934.38 6/1/2004 88.20058997 0-29
33739624 5/1/2004 4/1/2034 358 248000 248000 5.875 1,214.17 6/1/2004 80 0-29
33473554 5/1/2004 4/1/2034 358 252000 252000 4.75 997.50 6/1/2004 80 0-29
33982844 5/1/2004 4/1/2034 358 166250 166250 7.625 1,056.38 6/1/2004 95 0-29
33292384 5/1/2004 4/1/2034 358 202500 202500 6 1,012.50 6/1/2004 90 0-29
33109463 5/1/2004 4/1/2034 358 142000 141631.15 6.75 921.01 6/1/2004 94.98327759 0-29
0000000000 5/1/2004 4/1/2034 358 128000 128000 5.75 613.33 6/1/2004 80 0-29
33215914 5/1/2004 4/1/2034 358 82200 82199.98 6.25 428.13 6/1/2004 55.16778523 0-29
33963638 5/1/2004 4/1/2034 358 150300 150300 5.625 704.53 6/1/2004 79.98935604 0-29
33615931 5/1/2004 4/1/2034 358 106400 106400 5.625 498.75 6/1/2004 80 0-29
33337239 5/1/2004 4/1/2034 357 287100 286646 5.5 1,315.88 7/1/2004 79.99442742 0-29
33524091 5/1/2004 4/1/2034 358 152000 151691.35 7.99 1,114.27 6/1/2004 100 0-29
34043034 5/1/2004 4/1/2034 358 161600 161600 6.125 824.83 6/1/2004 80 0-29
33815770 5/1/2004 4/1/2034 359 195500 195050.95 7.375 1,350.28 6/1/2004 85 0-29
33419276 5/1/2004 4/1/2034 358 211900 211888.58 5.875 1,037.43 6/1/2004 79.99244998 0-29
4000126748 5/1/2004 4/1/2034 357 168000 168000 5.125 717.50 7/1/2004 80 0-29
33906702 5/1/2004 4/1/2034 358 299250 298562.66 7.375 2,066.85 6/1/2004 95 0-29
33117557 5/1/2004 4/1/2034 358 180400 180400 6.25 939.58 6/1/2004 90.00019956 0-29
33166489 5/1/2004 4/1/2034 359 176000 175615.4 7.625 1,245.72 5/1/2004 80 0-29
33421611 5/1/2004 4/1/2034 358 180000 180000 5.75 862.50 6/1/2004 80 0-29
33578816 5/1/2004 4/1/2034 358 148000 148000 6.375 786.25 6/1/2004 80 0-29
33736463 5/1/2004 4/1/2034 358 261450 261448.96 6.125 1,334.48 6/1/2004 79.99865368 0-29
33518259 5/1/2004 4/1/2034 358 293600 293529.66 5.75 1,406.83 6/1/2004 80 0-29
33560855 5/1/2004 4/1/2034 358 278000 278000 5.99 1,387.68 6/1/2004 86.875 0-29
32914129 5/1/2004 4/1/2034 357 121600 121252.03 6.25 748.72 7/1/2004 95 0-29
33985656 5/1/2004 4/1/2034 358 249900 249296.88 7.125 1,683.63 6/1/2004 100 0-29
33216367 5/1/2004 4/1/2034 358 146000 145672.88 7.5 1,020.86 6/1/2004 91.82389937 0-29
33346297 5/1/2004 4/1/2034 357 145450 145450 6 727.25 7/1/2004 79.99450021 0-29
33214057 5/1/2004 4/1/2034 357 127500 127499.99 5.5 584.38 7/1/2004 79.98745295 0-29
33812884 5/1/2004 4/1/2034 358 90400 90400 5.875 442.58 6/1/2004 80 0-29
33292962 5/1/2004 4/1/2034 358 263200 263200 5.5 1,206.33 6/1/2004 80 0-29
33783648 5/1/2004 4/1/2034 357 223200 223200 5.99 1,114.14 7/1/2004 80 0-29
33810870 5/1/2004 4/1/2034 358 175920 175920 6 879.60 6/1/2004 80 0-29
33568908 5/1/2004 4/1/2034 358 176600 175998.36 6.375 1,101.76 6/1/2004 94.99731038 0-29
33810649 5/1/2004 4/1/2034 358 55100 54956.87 6.75 357.38 6/1/2004 95 0-29
32676041 5/1/2004 4/1/2034 358 88500 88301.71 7.5 618.81 6/1/2004 75 0-29
32474991 5/1/2004 4/1/2034 359 81900 81900 7.5 511.88 5/1/2004 90 0-29
33210931 5/1/2004 4/1/2034 357 131400 131400 6.75 739.13 7/1/2004 90 0-29
33818766 5/1/2004 4/1/2034 358 92720 92719.9 6.5 502.23 6/1/2004 80 0-29
33116864 5/1/2004 4/1/2034 358 120000 120000 5.75 575.00 6/1/2004 80 0-29
33453184 5/1/2004 4/1/2034 358 127300 127000.24 7.25 868.42 6/1/2004 95 0-29
33815846 5/1/2004 4/1/2034 358 67120 67076.36 7.75 433.48 6/1/2004 80 0-29
33007964 5/1/2004 4/1/2034 358 145500 145189.93 7.75 1,042.38 6/1/2004 89.81481481 0-29
33613167 5/1/2004 4/1/2034 359 80000 80000 6.125 408.33 5/1/2004 80 0-29
33541095 5/1/2004 4/1/2034 358 121350 121064.26 7.25 827.83 6/1/2004 99.97013665 0-29
33824483 5/1/2004 4/1/2034 358 161600 161159.33 6.5 1,021.43 6/1/2004 80 0-29
33351271 5/1/2004 4/1/2034 357 156900 156565.61 7.75 1,124.06 7/1/2004 100 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33708744 6ML 4 3 8 14 1/0/1900 None 4/1/2006 6
0000000000 6ML 5.375 3 6.999 12.999 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
4000132559 6ML 5.375 3 6.999 12.999 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
4000132560 6ML 5.375 3 6.999 12.999 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
0000000000 6ML 5.375 3 6.999 12.999 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
32313983 6ML 6.75 3 8.25 14.25 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33740150 6ML 4.875 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33742768 6ML 4 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33984386 6ML 3.375 3 5 11 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33445149 6ML 6.125 3 7.125 13.125 1/0/1900 None 4/1/2006 6
33617762 6ML 6.25 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33533555 6ML 6 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33909672 6ML 5.5 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33595190 6ML 6.875 3 7.125 13.125 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33095464 6ML 6.125 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33823782 6ML 6 3 7 13 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33428210 6ML 4.5 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33684853 6ML 6.25 3 7.5 13.5 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33739624 6ML 4.375 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33473554 6ML 3.5 3 4.75 10.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33982844 6ML 6.5 3 7.625 13.625 1/12/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33292384 6ML 4.625 3 6 12 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33109463 6ML 6 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
0000000000 6ML 4.5 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33215914 6ML 3.75 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33963638 6ML 4.125 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33615931 6ML 4.375 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33337239 6ML 3.625 3 5.5 11.5 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33524091 6ML 5.375 3 7.99 13.99 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2007 6
34043034 6ML 4.625 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33815770 6ML 6.125 3 7.375 13.375 1/0/1900 None 4/1/2006 6
33419276 6ML 4.375 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
4000126748 6ML 3.375 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33906702 6ML 6.5 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33117557 6ML 6.125 3 6.25 12.25 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33166489 6ML 6.25 3 7.625 13.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33421611 6ML 4 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33578816 6ML 4.75 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33736463 6ML 4.875 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33518259 6ML 4.125 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33560855 6ML 4.625 3 5.99 11.99 1/12/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
32914129 6ML 5.375 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33985656 6ML 5.25 3 7.125 13.125 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33216367 6ML 6.5 3 7.5 13.5 1/0/1900 None 4/1/2006 6
33346297 6ML 4.625 3 6 12 1/0/1900 None 4/1/2006 6
33214057 6ML 3.875 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33812884 6ML 4.25 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33292962 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33783648 6ML 4 3 5.99 11.99 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33810870 6ML 4.75 3 6 12 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33568908 6ML 6 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33810649 6ML 5.875 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
32676041 6ML 5.375 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
32474991 6ML 6.375 3 7.5 13.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33210931 6ML 5.75 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33818766 6ML 5.25 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33116864 6ML 4.25 3 5.75 11.75 1/24/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33453184 6ML 5.5 3 7.25 13.25 1/0/1900 None 4/1/2006 6
33815846 6ML 6 3 7.75 13.75 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33007964 6ML 6.5 3 7.75 13.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33613167 6ML 4.375 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33541095 6ML 5 3 7.25 13.25 1/0/1900 None 4/1/2006 6
33824483 6ML 5.375 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33351271 6ML 5.5 3 7.75 13.75 1/0/1900 None 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33708744 6 Purchase N N 0
0000000000 6 Purchase N Y 60
4000132559 6 Purchase N Y 60
4000132560 6 Purchase N Y 60
0000000000 6 Purchase N Y 60
32313983 6 R/T Refi N N 0
33740150 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33984386 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33617762 6 Purchase N Y 60
33533555 6 Purchase N N 0
33909672 6 Purchase N Y 60
33595190 6 C/O Refi N Y 60
33095464 6 R/T Refi N N 0
33823782 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33684853 6 Purchase N Y 60
33739624 6 Purchase N Y 60
33473554 6 Purchase N Y 60
33982844 6 Purchase N Y 60
33292384 6 Purchase N Y 60
33109463 6 Purchase N N 0
0000000000 6 Purchase N Y 60
33215914 6 R/T Refi N Y 60
33963638 6 Purchase N Y 60
33615931 6 Purchase N Y 60
33337239 6 Purchase N Y 60
33524091 6 Purchase N N 0
34043034 6 Purchase N Y 60
33815770 6 Purchase N N 0
33419276 6 Purchase N Y 60
4000126748 6 Purchase N Y 60
33906702 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33166489 6 Purchase N N 0
33421611 6 Purchase N Y 60
33578816 6 Purchase N Y 60
33736463 6 Purchase N Y 60
33518259 6 Purchase N Y 60
33560855 6 C/O Refi N Y 60
32914129 6 Purchase N N 0
33985656 6 Purchase N N 0
33216367 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33214057 6 Purchase N Y 60
33812884 6 Purchase N Y 60
33292962 6 Purchase N Y 60
33783648 6 Purchase N Y 60
33810870 6 Purchase N Y 60
33568908 6 Purchase N N 0
33810649 6 Purchase N N 0
32676041 6 X/X Xxxx X X 0
00000000 0 X/X Xxxx X Y 60
33210931 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33116864 6 Purchase N Y 60
33453184 6 Purchase N N 0
33815846 6 Purchase N Y 60
33007964 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33541095 6 Purchase N N 0
33824483 6 C/O Refi N N 0
33351271 6 Purchase N N 0
D-1-32
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33624156 VASSAR 48768 MI Single Family Owner Occupied 12/25/1900 3/26/2004
4000123481 MORGANTOWN 46160 IN Single Family Owner Occupied 12/25/1900 4/1/2004
33112350 WHITE BEAR LAKE 55110 MN Single Family Owner Occupied 12/25/1900 3/26/2004
4000112743 LAS VEGAS 89156 NV Single Family Owner Occupied 12/25/1900 3/26/2004
33947938 SAN DIEGO 92154 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33533290 XXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/23/2004
33710724 COUNTRY CLUB HILLS 60478 IL Single Family Owner Occupied 12/25/1900 3/25/2004
33116799 XXXXXXXX XXXX 00000 MN Condo Owner Occupied 12/25/1900 3/24/2004
33907668 PLEASANT GROVE 35127 AL Single Family Owner Occupied 12/25/1900 3/31/2004
33883117 LANHAM 20706 MD Single Family Owner Occupied 12/25/1900 3/26/2004
33116203 XXXXXXXXX 00000 XX Condo Owner Occupied 360 3/23/2004
33623836 KENTWOOD 49548 MI Single Family Owner Occupied 12/25/1900 3/25/2004
33911108 CLERMONT 34711 FL PUD Owner Occupied 12/25/1900 3/31/2004
33983040 WEST PALM BEACH 33415 FL PUD Owner Occupied 12/25/1900 3/26/2004
33984295 XXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/31/2004
33555509 CANYON LAKE 92587 CA Single Family Owner Occupied 12/25/1900 3/4/2004
33622747 GRAND RAPIDS 49507 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33724915 LAKE ELSINORE 92532 CA PUD Owner Occupied 12/25/1900 3/19/2004
33471673 CANOGA PARK AREA 91303 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33169368 DETROIT 48227 MI Single Family Owner Occupied 12/25/1900 3/24/2004
33578071 CANBY 97013 OR PUD Owner Occupied 12/25/1900 3/29/2004
33818477 COLLEGE PARK 30238 GA Single Family Owner Occupied 12/25/1900 3/31/2004
33575994 TIGARD 97223 OR Single Family Owner Occupied 12/25/1900 3/26/2004
33554346 XXXXXX 90746 CA Single Family Owner Occupied 12/25/1900 3/15/2004
33111154 XXXXXXX 57005 SD Single Family Owner Occupied 12/25/1900 3/22/2004
33329574 MURRIETA 92563 CA PUD Owner Occupied 12/25/1900 3/15/2004
33621319 PENSACOLA 32504 FL Single Family Owner Occupied 12/25/1900 3/26/2004
33349283 CONCORD 28027 NC PUD Owner Occupied 12/25/1900 3/23/2004
33712167 ROCKFORD 61103 IL Single Family Owner Occupied 12/25/1900 3/25/2004
34045781 AUSTIN 78717 TX PUD Owner Occupied 12/25/1900 3/31/2004
33537275 XXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/26/2004
33168972 ALLEGAN 49010 MI Single Family Owner Occupied 12/25/1900 3/22/2004
33813072 LAWRENCEVILLE 30044 GA PUD Owner Occupied 12/25/1900 3/31/2004
33815101 COVINGTON 30016 GA Single Family Owner Occupied 12/25/1900 3/31/2004
33494170 XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/26/2004
33829946 RIVERSIDE 92505 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33533852 XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/26/2004
33535857 XXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/19/2004
33260373 XXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/22/2004
33842733 PARK CITY 84098 UT Condo Second Home 12/25/1900 3/24/2004
33965799 XXXXXXXX 00000 XX XXX Owner Occupied 12/25/1900 3/26/2004
33493982 XXXXXX 95655 CA PUD Owner Occupied 12/25/1900 3/22/2004
31141526 XXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/25/2004
33617465 ST PETERSBURG 33710 FL Single Family Owner Occupied 12/25/1900 3/26/2004
33114455 SAINT XXXX 55106 MN Single Family Owner Occupied 12/25/1900 3/26/2004
33520610 DOWNEY 90242 CA Single Family Owner Occupied 12/25/1900 3/29/2004
33768060 XXXXXXX XXXXXXX 00000 NY Single Family Owner Occupied 12/25/1900 3/26/2004
33735143 LIVERMORE 94551 CA Condo Owner Occupied 12/25/1900 3/9/2004
32678187 FREEPORT 61032 IL Single Family Owner Occupied 12/25/1900 3/30/2004
34044552 AUSTIN 78745 TX Single Family Owner Occupied 12/25/1900 3/26/2004
33709148 CHICAGO 60629 IL Multi Family - 2 Units Owner Occupied 12/25/1900 3/22/2004
33470105 VALLEJO 94590 CA Single Family Owner Occupied 12/25/1900 3/12/2004
33169871 WATERFORD 48328 MI Single Family Owner Occupied 12/25/1900 3/24/2004
33171000 DETROIT 48223 MI Single Family Non-Owner Occupied 12/25/1900 3/31/2004
33710708 DECATUR 62521 IL Single Family Owner Occupied 12/25/1900 3/31/2004
33598202 XXXXX XXXXXXX 00000 TX Single Family Owner Occupied 12/25/1900 3/29/2004
33842279 XXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/19/2004
32918781 XXX 84067 UT Single Family Owner Occupied 12/25/1900 3/22/2004
33618612 FORT XXXXXX 34982 FL Single Family Owner Occupied 12/25/1900 3/31/2004
33811746 GROVETOWN 30813 GA Single Family Owner Occupied 12/25/1900 3/25/2004
33736018 LOS ANGELES 90062 CA Single Family Owner Occupied 12/25/1900 3/10/2004
33495052 CITRUS HEIGHTS 95610 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33741554 SUN CITY 92586 CA Single Family Owner Occupied 12/25/1900 3/24/2004
32678591 XXXXXX XXXX 00000 MO Single Family Owner Occupied 12/25/1900 3/30/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33624156 5/1/2004 4/1/2034 358 108900 108678.39 8 799.07 6/1/2004 90 0-29
4000123481 5/1/2004 4/1/2034 358 126650 126287.6 6.25 779.81 6/1/2004 85 0-29
33112350 5/1/2004 4/1/2034 357 188800 188148.93 6 944.00 7/1/2004 80 0-29
4000112743 5/1/2004 4/1/2034 358 175500 175086.79 7.25 1,197.22 6/1/2004 90 0-29
33947938 5/1/2004 4/1/2034 358 296000 296000 6.375 1,572.50 6/1/2004 80 0-29
33533290 5/1/2004 4/1/2034 358 100500 100187.95 5.875 594.50 6/1/2004 67 0-29
33710724 5/1/2004 4/1/2034 358 135200 134810.58 7.75 968.59 6/1/2004 80 0-29
33116799 5/1/2004 4/1/2034 358 102000 101999.99 6.625 563.13 6/1/2004 81.6 0-29
33907668 5/1/2004 4/1/2034 358 64800 64690.2 8.875 515.58 6/1/2004 90 0-29
33883117 5/1/2004 4/1/2034 358 187000 186537.45 7 1,244.12 6/1/2004 80.60344828 0-29
33116203 5/1/2004 4/1/2034 12/24/1900 88750 88551.15 7.5 620.56 5/1/2004 3/22/1900 0-29
33623836 5/1/2004 4/1/2034 358 118750 118399.83 6.375 740.85 6/1/2004 95 0-29
33911108 5/1/2004 4/1/2034 358 119700 119700 6.5 648.38 6/1/2004 90 0-29
33983040 5/1/2004 4/1/2034 358 88800 88800 6.875 508.75 6/1/2004 80 0-29
33984295 5/1/2004 4/1/2034 357 261250 261250 7 1,523.96 7/1/2004 95 0-29
33555509 5/1/2004 4/1/2034 358 168000 167994.99 5.625 787.50 6/1/2004 80 0-29
33622747 5/1/2004 4/1/2034 357 72900 72736.68 7.5 509.73 7/1/2004 90 0-29
33724915 5/1/2004 4/1/2034 358 295200 295200 5.25 1,291.50 6/1/2004 80 0-29
33471673 5/1/2004 4/1/2034 358 258750 258750 5.875 1,266.80 6/1/2004 75 0-29
33169368 5/1/2004 4/1/2034 358 111600 111600 5.99 557.07 6/1/2004 90 0-29
33578071 5/1/2004 4/1/2034 358 253600 253539.24 5.75 1,215.17 6/1/2004 80 0-29
33818477 5/1/2004 4/1/2034 358 74000 74000 6.875 423.96 6/1/2004 80 0-29
33575994 5/1/2004 4/1/2034 358 137600 137600 6 688.00 6/1/2004 80 0-29
33554346 5/1/2004 4/1/2034 358 308000 307053.31 5.875 1,821.94 6/1/2004 73.68421053 0-29
33111154 5/1/2004 4/1/2034 358 57500 57357.78 7 382.55 6/1/2004 62.5 0-29
33329574 5/1/2004 4/1/2034 358 266400 266400 5.75 1,276.50 6/1/2004 79.99039154 0-29
33621319 5/1/2004 4/1/2034 358 99200 99200 6.5 537.33 6/1/2004 80 0-29
33349283 5/1/2004 4/1/2034 358 123900 123900 5.875 606.59 6/1/2004 79.93548387 0-29
33712167 5/1/2004 4/1/2034 358 77350 77200.99 8.25 581.11 6/1/2004 85 0-29
34045781 5/1/2004 4/1/2034 358 106400 106400 6.125 543.08 6/1/2004 80 0-29
33537275 5/1/2004 4/1/2034 358 103800 103594.89 8.125 770.72 6/1/2004 76.88888889 0-29
33168972 5/1/2004 4/1/2034 358 112000 111778.71 8.125 831.60 6/1/2004 80 0-29
33813072 5/1/2004 4/1/2034 358 188000 188000 5.625 881.25 6/1/2004 80 0-29
33815101 5/1/2004 4/1/2034 358 81060 81060 6.875 464.41 6/1/2004 79.99921047 0-29
33494170 5/1/2004 4/1/2034 359 172500 172500 5.625 808.59 5/1/2004 73.09322034 0-29
33829946 5/1/2004 4/1/2034 358 224000 224000 5.25 980.00 6/1/2004 80 0-29
33533852 5/1/2004 4/1/2034 358 107100 106897.94 8.375 814.04 6/1/2004 90 0-29
33535857 6/1/2004 5/1/2034 359 40000 39953.79 8.75 314.69 6/1/2004 80 0-29
33260373 5/1/2004 4/1/2034 358 190000 190000 5.99 948.42 6/1/2004 73.07692308 0-29
33842733 5/1/2004 4/1/2034 359 90950 90756.17 7.75 651.58 5/1/2004 85 0-29
33965799 5/1/2004 4/1/2034 358 255400 255400 5.25 1,117.38 6/1/2004 79.99624137 0-29
33493982 5/1/2004 4/1/2034 358 269500 269500 5.875 1,319.43 6/1/2004 70 0-29
31141526 5/1/2004 4/1/2034 358 104000 103781.99 7.875 754.08 6/1/2004 80 0-29
33617465 5/1/2004 4/1/2034 358 109500 109500 6 547.50 6/1/2004 79.9853908 0-29
33114455 5/1/2004 4/1/2034 357 159500 159443.8 7 930.42 7/1/2004 87.63736264 0-29
33520610 5/1/2004 4/1/2034 357 288000 288000 5.25 1,260.00 7/1/2004 80 0-29
33768060 5/1/2004 4/1/2034 358 292000 291276.31 6.99 1,940.73 6/1/2004 84.63768116 0-29
33735143 5/1/2004 4/1/2034 358 190000 189469.24 6.375 1,185.36 6/1/2004 69.09090909 0-29
32678187 5/1/2004 4/1/2034 358 32000 31924.64 7.25 218.30 6/1/2004 80 0-29
34044552 5/1/2004 4/1/2034 358 117300 116973.5 7.25 800.20 6/1/2004 100 0-29
33709148 5/1/2004 4/1/2034 358 202000 202000 7.875 1,325.63 6/1/2004 82.44897959 0-29
33470105 5/1/2004 4/1/2034 358 256000 256000 5.75 1,226.67 6/1/2004 80 0-29
33169871 5/1/2004 4/1/2034 359 136000 135629.14 6.5 859.62 5/1/2004 87.74193548 0-29
33171000 5/1/2004 4/1/2034 358 49700 49585.84 7.375 343.27 6/1/2004 70 0-29
33710708 5/1/2004 4/1/2034 358 34100 34020.44 7.5 238.44 6/1/2004 94.98607242 0-29
33598202 5/1/2004 4/1/2034 359 120000 120000 6.625 662.50 5/1/2004 80 0-29
33842279 5/1/2004 4/1/2034 357 156750 156750 6.375 832.73 7/1/2004 95 0-29
32918781 5/1/2004 4/1/2034 358 104800 104800 5.875 513.08 6/1/2004 79.97924203 0-29
33618612 5/1/2004 4/1/2034 358 128800 128800 6.125 657.42 6/1/2004 80 0-29
33811746 5/1/2004 4/1/2034 358 80910 80716.95 7.75 579.65 6/1/2004 90 0-29
33736018 5/1/2004 4/1/2034 358 192000 192000 5.875 940.00 6/1/2004 80 0-29
33495052 5/1/2004 4/1/2034 358 247000 247000 6.5 1,337.92 6/1/2004 95 0-29
33741554 5/1/2004 4/1/2034 358 199750 199231.13 6.75 1,295.58 6/1/2004 85 0-29
32678591 5/1/2004 4/1/2034 358 56800 56800 6.375 301.75 6/1/2004 80 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33624156 6ML 6 3 8 14 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
4000123481 6ML 5.375 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33112350 6ML 4.625 3 6 12 1/24/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
4000112743 6ML 7 3 7.25 13.25 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33947938 6ML 4.75 3 6.375 12.375 1/12/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33533290 6ML 4.875 3 5.875 11.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33710724 6ML 6 3 7.75 13.75 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33116799 6ML 5.375 3 6.625 12.625 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33907668 6ML 7.5 3 8.875 14.875 1/12/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33883117 6ML 5.625 3 7 13 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33116203 6ML 6.375 3 7.5 13.5 24 min (2% prepaid, 60 days interest) 4/1/2006 1/6/1900
33623836 6ML 5.25 3 6.375 12.375 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2009 6
33911108 6ML 5.75 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33983040 6ML 5.625 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33984295 6ML 6.25 3 7 13 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33555509 6ML 3.875 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33622747 6ML 6.625 3 7.5 13.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33724915 6ML 4.25 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33471673 6ML 3.75 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33169368 6ML 5.125 3 5.99 11.99 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33578071 6ML 3.75 3 5.75 11.75 1/12/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33818477 6ML 5.5 3 6.875 12.875 1/0/1900 None 4/1/2006 6
33575994 6ML 4.375 3 6 12 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33554346 6ML 4.5 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33111154 6ML 5.625 3 7 13 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33329574 6ML 4.5 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33621319 6ML 5.25 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33349283 6ML 4 3 5.875 11.875 1/0/1900 None 4/1/2006 6
33712167 6ML 6.875 3 8.25 14.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
34045781 6ML 4.375 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33537275 6ML 6.5 3 8.125 14.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33168972 6ML 6.5 3 8.125 14.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33813072 6ML 4.5 3 5.625 11.625 1/0/1900 None 4/1/2006 6
33815101 6ML 5.5 3 6.875 12.875 1/0/1900 None 4/1/2006 6
33494170 6ML 4.375 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33829946 6ML 3.625 3 5.25 11.25 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33533852 6ML 6.875 3 8.375 14.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33535857 6ML 7.375 3 8.75 14.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33260373 6ML 3.875 3 5.99 11.99 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33842733 6ML 4.75 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33965799 6ML 4.125 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33493982 6ML 3.5 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
31141526 6ML 6.5 3 7.875 13.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33617465 6ML 4.125 3 6 12 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33114455 6ML 6.25 3 7 13 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33520610 6ML 3.75 3 5.25 11.25 1/12/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33768060 6ML 4.625 3 6.99 12.99 1/0/1900 None 4/1/2006 6
33735143 6ML 5.125 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
32678187 6ML 6.125 3 7.25 13.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
34044552 6ML 5 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33709148 6ML 6.5 3 7.875 13.875 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33470105 6ML 4.375 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33169871 6ML 6 3 6.5 12.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33171000 6ML 5.25 3 7.375 13.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33710708 6ML 6.75 3 7.5 13.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33598202 6ML 5.375 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33842279 6ML 5.625 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
32918781 6ML 4.25 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33618612 6ML 4.875 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33811746 6ML 5.625 3 7.75 13.75 1/0/1900 None 4/1/2006 6
33736018 6ML 4.25 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33495052 6ML 5.5 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33741554 6ML 5.875 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
32678591 6ML 5.125 3 6.375 12.375 1/24/1900 2% prepaid 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33624156 6 C/O Refi N N 0
4000123481 6 Purchase N N 0
33112350 6 Purchase N Y 60
4000112743 6 X/X Xxxx X X 0
00000000 0 X/X Xxxx X Y 60
33533290 6 C/O Refi N N 0
33710724 6 C/O Refi N N 0
33116799 6 R/T Refi N Y 60
33907668 6 Purchase N N 0
33883117 6 R/T Refi N N 0
33116203 6 C/O Refi N N 0
33623836 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33983040 6 Purchase N Y 60
33984295 6 Purchase N Y 60
33555509 6 Purchase N Y 60
33622747 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33471673 6 C/O Refi N Y 60
33169368 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33818477 6 Purchase N Y 60
33575994 6 C/O Refi N Y 60
33554346 6 R/T Refi N N 0
33111154 6 R/T Refi N N 0
33329574 6 Purchase N Y 60
33621319 6 Purchase N Y 60
33349283 6 R/T Refi N Y 60
33712167 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33537275 6 C/O Refi N N 0
33168972 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx X Y 60
33815101 6 Purchase N Y 60
33494170 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33533852 6 C/O Refi N N 0
33535857 6 Purchase N N 0
33260373 6 C/O Refi N Y 60
33842733 6 Purchase N N 0
33965799 6 Purchase N Y 60
33493982 6 C/O Refi N Y 60
31141526 6 Purchase N N 0
33617465 6 C/O Refi N Y 60
33114455 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33768060 6 C/O Refi N N 0
33735143 6 C/O Refi N N 0
32678187 6 Purchase N N 0
34044552 6 Purchase N N 0
33709148 6 X/X Xxxx X X 00
00000000 0 Xxxxxxxx X Y 60
33169871 6 C/O Refi N N 0
33171000 6 C/O Refi N N 0
33710708 6 Purchase N N 0
33598202 6 Purchase N Y 60
33842279 6 R/T Refi N Y 60
32918781 6 Purchase N Y 60
33618612 6 Purchase N Y 60
33811746 6 Purchase N N 0
33736018 6 Purchase N Y 60
33495052 6 C/O Refi N Y 60
33741554 6 X/X Xxxx X X 0
00000000 0 Xxxxxxxx N Y 60
D-1-33
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33349440 XXXXXX 00000 XX PUD Owner Occupied 12/25/1900 3/30/2004
33520297 SAN BERNARDINO 92407 CA Single Family Owner Occupied 12/25/1900 3/26/2004
33576463 HILLSBORO 97123 OR PUD Owner Occupied 12/25/1900 3/16/2004
33787185 BRENTWOOD 94513 CA PUD Owner Occupied 12/25/1900 3/22/2004
34102459 LONG BEACH 90807 CA Condo Owner Occupied 12/25/1900 3/22/2004
32720476 XXXXXXX 00000 XX XXX Owner Occupied 12/25/1900 3/26/2004
33491028 STOCKTON 95219 CA PUD Owner Occupied 12/25/1900 3/19/2004
33708975 CHICAGO 60644 IL Multi Family - 3 Units Owner Occupied 12/25/1900 3/25/2004
32967218 XXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 3/25/2004
33574948 CASCADE LOCKS 97014 OR Single Family Non-Owner Occupied 12/25/1900 3/26/2004
33687054 NORTH LAS VEGAS 89030 NV Single Family Owner Occupied 12/25/1900 3/23/2004
33764069 GREENVILLE 12042 NY Single Family Owner Occupied 12/25/1900 3/31/2004
33982596 PLANTATION 33317 FL Condo >4 Owner Occupied 12/25/1900 3/29/2004
33349929 DENVER 28037 NC Single Family Owner Occupied 12/25/1900 3/24/2004
31141112 DE XXXXX 43318 OH Single Family Owner Occupied 12/25/1900 3/26/2004
33808106 XXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/22/2004
33434994 XXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/30/2004
33842287 WEST JORDAN 84084 UT Single Family Owner Occupied 12/25/1900 3/25/2004
33559832 TEMECULA 92592 CA PUD Owner Occupied 12/25/1900 3/25/2004
33830415 HIGHLAND 92346 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33616020 JACKSONVILLE 32277 FL PUD Owner Occupied 12/25/1900 3/30/2004
33491911 XXXXXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 3/16/2004
33529082 ALIQUIPPA 15001 PA Single Family Owner Occupied 12/25/1900 3/26/2004
33784182 OAKLAND 94602 CA Condo Owner Occupied 12/25/1900 3/17/2004
33909417 SARASOTA 34243 FL Single Family Owner Occupied 12/25/1900 3/31/2004
33287947 BAKERSFIELD 93306 CA Single Family Owner Occupied 12/25/1900 3/26/2004
34045559 LAMPASAS 76550 TX Single Family Owner Occupied 12/25/1900 3/25/2004
32678773 DAVISBURG 48350 MI Single Family Owner Occupied 12/25/1900 3/23/2004
33816240 SMYRNA 30082 GA PUD Owner Occupied 12/25/1900 3/30/2004
33346511 KURE BEACH 28449 NC PUD Owner Occupied 12/25/1900 3/23/2004
33555533 XXXXXXXXXXX 00000 XX Multi Family - 2 Units Non-Owner Occupied 12/25/1900 3/12/2004
33431735 AUSTIN 78704 TX Single Family Owner Occupied 12/25/1900 3/25/2004
33432295 AUSTIN 78751 TX Single Family Owner Occupied 12/25/1900 3/25/2004
4000093618 XXXXXXX 30017 GA Single Family Owner Occupied 12/25/1900 3/19/2004
33745191 BELLEVUE 98007 WA Single Family Owner Occupied 12/25/1900 3/29/2004
33040668 WASHINGTON 20032 DC Single Family Owner Occupied 12/25/1900 3/30/2004
33347071 GRIFTON 28530 NC Single Family Owner Occupied 12/25/1900 3/24/2004
33434614 SANGER 76266 TX Single Family Owner Occupied 12/25/1900 3/31/2004
33946773 ESCONDIDO 92027 CA PUD Non-Owner Occupied 12/25/1900 3/25/2004
33803453 XXXXXX 38063 TN Single Family Owner Occupied 12/25/1900 3/26/2004
33905951 DELTONA 32725 FL Single Family Owner Occupied 12/25/1900 3/30/2004
33538687 MC KEES ROCKS 15136 PA Single Family Owner Occupied 12/25/1900 3/20/2004
33449323 HELLERTOWN 18055 PA Single Family Owner Occupied 12/25/1900 3/30/2004
33842568 XXXX XXXX XXXX 00000 XX Condo Owner Occupied 12/25/1900 3/26/2004
33882838 GAITHERSBURG 20879 MD Condo Owner Occupied 12/25/1900 3/26/2004
33827742 BEAUMONT 92223 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33319336 AURORA 80017 CO Single Family Owner Occupied 12/25/1900 3/26/2004
33623919 XXXXXXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 3/26/2004
33822966 RIVERSIDE 92509 CA PUD Owner Occupied 12/25/1900 3/25/2004
4000124497 MILWAUKEE 53226 WI Single Family Owner Occupied 12/25/1900 3/15/2004
33096199 NEW BRITAIN 6053 CT Condo Owner Occupied 12/25/1900 3/25/2004
33366832 GARDEN CITY 48135 MI Single Family Owner Occupied 12/25/1900 3/30/2004
33541137 XXXXXXX 00000 XX Single Family Owner Occupied 12/25/1900 4/1/2004
33764077 SCHENECTADY 12306 NY Multi Family - 2 Units Non-Owner Occupied 12/25/1900 3/25/2004
33230814 LAS VEGAS 89149 NV PUD Owner Occupied 12/25/1900 3/22/2004
33817461 COLUMBUS 31907 GA Single Family Owner Occupied 12/25/1900 3/31/2004
33451634 EGG HARBOR TOWNSHIP 8234 NJ Single Family Owner Occupied 12/25/1900 3/25/2004
4000109366 PUNTA GORDA 33950 FL Single Family Owner Occupied 12/25/1900 3/26/2004
33600388 XXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 3/29/2004
33579269 SISTERS 97759 OR PUD Owner Occupied 12/25/1900 3/24/2004
33826538 LAKE ELSINORE 92532 CA PUD Non-Owner Occupied 12/25/1900 3/26/2004
33830563 HEMET 92544 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33599739 XXXXXXX 00000 XX PUD Owner Occupied 12/25/1900 3/31/2004
33491333 ELK GROVE 95758 CA Condo Owner Occupied 12/25/1900 3/23/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33349440 5/1/2004 4/1/2034 358 134750 134750 6.125 687.79 6/1/2004 79.99406352 0-29
33520297 5/1/2004 4/1/2034 358 226800 226800 7.5 1,417.50 6/1/2004 90 0-29
33576463 5/1/2004 4/1/2034 358 135000 135000 6.125 689.06 6/1/2004 79.99241553 0-29
33787185 5/1/2004 4/1/2034 358 262400 262400 5.125 1,120.67 6/1/2004 69.99199787 0-29
34102459 5/1/2004 4/1/2034 358 120000 120000 6.5 650.00 6/1/2004 80 0-29
32720476 5/1/2004 4/1/2034 358 245000 245000 6.875 1,403.65 6/1/2004 87.5 0-29
33491028 5/1/2004 4/1/2034 358 220600 220599.75 5.25 965.13 6/1/2004 79.99622865 0-29
33708975 5/1/2004 4/1/2034 358 216000 215551.11 7.875 1,566.15 6/1/2004 80 0-29
32967218 5/1/2004 4/1/2034 358 115000 114722.01 7.125 774.78 6/1/2004 84.99693272 0-29
33574948 5/1/2004 4/1/2034 358 162000 162000 6.25 843.75 6/1/2004 90 0-29
33687054 5/1/2004 4/1/2034 359 76000 76000 6.25 395.83 5/1/2004 80 0-29
33764069 5/1/2004 4/1/2034 358 128250 128032.69 8.875 1,020.42 6/1/2004 95 0-29
33982596 5/1/2004 4/1/2034 358 75000 74855.52 8.25 563.46 6/1/2004 100 0-29
33349929 5/1/2004 4/1/2034 356 178500 178069.21 7.125 1,202.59 8/1/2004 85 0-29
31141112 5/1/2004 4/1/2034 358 246050 245456.18 7.125 1,657.69 6/1/2004 84.99136442 0-29
33808106 5/1/2004 4/1/2034 358 182400 182400 5.875 893.00 6/1/2004 80 0-29
33434994 5/1/2004 4/1/2034 358 265000 264406.29 7.5 1,852.92 6/1/2004 100 0-29
33842287 5/1/2004 4/1/2034 358 128750 128688.64 5.5 590.10 6/1/2004 79.98384792 0-29
33559832 5/1/2004 4/1/2034 358 292500 292500 6.625 1,614.84 6/1/2004 90 0-29
33830415 5/1/2004 4/1/2034 358 330400 330400 5.875 1,617.58 6/1/2004 70 0-29
33616020 5/1/2004 4/1/2034 358 179900 179900 6.875 1,030.68 6/1/2004 79.99110716 0-29
33491911 5/1/2004 4/1/2034 358 199400 198823.6 7.125 1,343.40 6/1/2004 94.99761791 0-29
33529082 5/1/2004 4/1/2034 357 73700 73513.17 6.875 484.16 7/1/2004 78.40425532 0-29
33784182 5/1/2004 4/1/2034 358 276000 275919.5 5.25 1,207.50 6/1/2004 80 0-29
33909417 5/1/2004 4/1/2034 358 119200 119200 5.625 558.75 6/1/2004 80 0-29
33287947 5/1/2004 4/1/2034 358 91200 91200 6.125 465.50 6/1/2004 80 0-29
34045559 5/1/2004 4/1/2034 358 67600 67411.16 6.375 421.74 6/1/2004 80 0-29
32678773 5/1/2004 4/1/2034 358 130050 129817.98 8.625 1,011.52 6/1/2004 85 0-29
33816240 5/1/2004 4/1/2034 358 192650 192646.46 5.375 862.91 6/1/2004 79.9908653 0-29
33346511 5/1/2004 4/1/2034 358 299800 299800 7 1,748.83 6/1/2004 62.45833333 0-29
33555533 5/1/2004 4/1/2034 358 233100 233100 6.375 1,238.34 6/1/2004 90 0-29
33431735 5/1/2004 4/1/2034 358 188000 188000 6 940.00 6/1/2004 80 0-29
33432295 5/1/2004 4/1/2034 358 161650 161187.46 6.25 995.31 6/1/2004 100 0-29
4000093618 5/1/2004 4/1/2034 358 171000 171000 6.625 944.06 6/1/2004 95 0-29
33745191 5/1/2004 4/1/2034 358 220000 219989 5.25 962.50 6/1/2004 80 0-29
33040668 5/1/2004 4/1/2034 359 82400 82400 6.625 454.92 5/1/2004 80 0-29
33347071 5/1/2004 4/1/2034 356 85000 84948.96 7.75 548.96 8/1/2004 58.58028946 0-29
33434614 5/1/2004 4/1/2034 358 109600 109600 6.875 627.92 6/1/2004 80 0-29
33946773 5/1/2004 4/1/2034 358 245700 245700 6.75 1,382.06 6/1/2004 90 0-29
33803453 5/1/2004 4/1/2034 358 82025 81854.54 7.875 594.74 6/1/2004 85 0-29
33905951 5/1/2004 4/1/2034 358 127000 126775.23 6.5 687.92 6/1/2004 89.43661972 0-29
33538687 5/1/2004 4/1/2034 358 53200 53097.51 8.25 399.68 6/1/2004 89.9408284 0-29
33449323 5/1/2004 4/1/2034 358 160550 159886.85 7 1,068.15 6/1/2004 95 0-29
33842568 5/1/2004 4/1/2034 358 116850 116490.82 5.875 691.22 6/1/2004 95 0-29
33882838 5/1/2004 4/1/2034 358 100300 100057.95 7.125 675.74 6/1/2004 85 0-29
33827742 5/1/2004 4/1/2034 358 192500 192500 5.875 942.45 6/1/2004 83.69565217 0-29
33319336 5/1/2004 4/1/2034 358 168300 167958.95 8 1,234.93 6/1/2004 90 0-29
33623919 5/1/2004 4/1/2034 358 156700 156272.68 6.5 990.46 6/1/2004 94.96969697 0-29
33822966 5/1/2004 4/1/2034 358 200000 199841.97 6.25 1,041.67 6/1/2004 64.51612903 0-29
4000124497 5/1/2004 4/1/2034 358 138000 137658.66 7 918.12 6/1/2004 89.03225806 0-29
33096199 5/1/2004 4/1/2034 358 101150 100905.88 7.125 681.47 6/1/2004 94.97652582 0-29
33366832 5/1/2004 4/1/2034 357 117300 117296.14 6.125 598.72 7/1/2004 79.9591002 0-29
33541137 5/1/2004 4/1/2034 358 62900 62762.54 7.625 445.21 6/1/2004 85 0-29
33764077 5/1/2004 4/1/2034 358 31500 31198.55 8 231.14 6/1/2004 70 0-29
33230814 5/1/2004 4/1/2034 358 196000 196000 4.875 796.25 6/1/2004 80 0-29
33817461 5/1/2004 4/1/2034 358 60720 60720 7 354.20 6/1/2004 80 0-29
33451634 5/1/2004 4/1/2034 358 301000 301000 7.5 1,881.25 6/1/2004 89.85074627 0-29
4000109366 5/1/2004 4/1/2034 358 108800 108473.44 6 652.31 6/1/2004 80 0-29
33600388 5/1/2004 4/1/2034 358 128400 128399.99 6.625 708.88 6/1/2004 80 0-29
33579269 5/1/2004 4/1/2034 358 184250 184250 4.75 729.32 6/1/2004 79.98697634 0-29
33826538 5/1/2004 4/1/2034 358 267750 267750 6.75 1,506.09 6/1/2004 84.73101266 0-29
33830563 5/1/2004 4/1/2034 357 224800 224800 5.75 1,077.17 7/1/2004 80 0-29
33599739 5/1/2004 4/1/2034 356 77000 77000 6.75 433.13 8/1/2004 88.50574713 0-29
33491333 5/1/2004 4/1/2034 358 207900 207899.99 5.5 952.88 6/1/2004 79.99230473 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33349440 6ML 5 3 6.125 12.125 1/0/1900 None 4/1/2006 6
33520297 6ML 5.875 3 7.5 13.5 1/12/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
33576463 6ML 4.25 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% xxxx 4/1/2009 6
33787185 6ML 3.375 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
34102459 6ML 4.75 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% xxxx 4/1/2006 6
32720476 6ML 6.125 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33491028 6ML 3.875 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33708975 6ML 6 3 7.875 13.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
32967218 6ML 6.375 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33574948 6ML 4.5 3 6.25 12.25 1/0/1900 None 4/1/2006 6
33687054 6ML 4.375 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33764069 6ML 5.875 3 8.875 14.875 1/0/1900 None 4/1/2007 6
33982596 6ML 5.25 3 8.25 14.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33349929 6ML 5.875 3 7.125 13.125 1/0/1900 None 4/1/2007 6
31141112 6ML 6.625 3 7.125 13.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33808106 6ML 3.875 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33434994 6ML 5.125 3 7.5 13.5 1/0/1900 None 4/1/2006 6
33842287 6ML 4.25 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33559832 6ML 5.625 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33830415 6ML 4.625 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33616020 6ML 5.75 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33491911 6ML 5.5 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33529082 6ML 5 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33784182 6ML 3.625 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33909417 6ML 3.75 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33287947 6ML 4.375 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
34045559 6ML 4.875 3 6.375 12.375 1/0/1900 None 4/1/2006 6
32678773 6ML 7.125 3 8.625 14.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33816240 6ML 3.625 3 5.375 11.375 1/0/1900 None 4/1/2009 6
33346511 6ML 5.25 3 7 13 1/0/1900 None 4/1/2006 6
33555533 6ML 4.875 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33431735 6ML 4.5 3 6 12 1/0/1900 None 4/1/2006 6
33432295 6ML 5 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000093618 6ML 5.625 3 6.625 12.625 1/0/1900 None 4/1/2009 6
33745191 6ML 4.125 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33040668 6ML 5.375 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33347071 6ML 5.5 3 7.75 13.75 1/0/1900 None 4/1/2009 6
33434614 6ML 5.625 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33946773 6ML 4.75 3 6.75 12.75 1/0/1900 None 4/1/2006 6
33803453 6ML 6.5 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33905951 6ML 5.625 3 6.5 12.5 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33538687 6ML 5.5 3 8.25 14.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33449323 6ML 6.625 3 7 13 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33842568 6ML 5 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33882838 6ML 5.25 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33827742 6ML 4.5 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
33319336 6ML 7 3 8 14 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33623919 6ML 6.25 3 6.5 12.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33822966 6ML 4.625 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000124497 6ML 6.125 3 7 13 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33096199 6ML 6 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33366832 6ML 4.25 3 6.125 12.125 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2009 6
33541137 6ML 6.375 3 7.625 13.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33764077 6ML 4.5 3 8 14 1/0/1900 None 4/1/2006 6
33230814 6ML 3.875 3 4.875 10.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33817461 6ML 5.75 3 7 13 1/0/1900 None 4/1/2006 6
33451634 6ML 6.5 3 7.5 13.5 1/0/1900 None 4/1/2006 6
4000109366 6ML 4.625 3 6 12 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33600388 6ML 5.375 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33579269 6ML 3.5 3 4.75 10.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33826538 6ML 4.25 3 6.75 12.75 1/12/1900 6 mo.s interest less 20% obal 4/1/2006 6
33830563 6ML 4.375 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33599739 6ML 5.75 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33491333 6ML 4 3 5.5 11.5 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33349440 6 Purchase N Y 60
33520297 6 C/O Refi N Y 60
33576463 6 Purchase N Y 60
33787185 6 Purchase N Y 60
34102459 6 Purchase N Y 60
32720476 6 Purchase N Y 60
33491028 6 Purchase N Y 60
33708975 6 C/O Refi N N 0
32967218 6 Purchase N N 0
33574948 6 Purchase N Y 60
33687054 6 Purchase N Y 60
33764069 6 Purchase N N 0
33982596 6 Purchase N N 0
33349929 6 C/O Refi N N 0
31141112 6 Purchase N N 0
33808106 6 C/O Refi N Y 60
33434994 6 Purchase N N 0
33842287 6 Purchase N Y 60
33559832 6 C/O Refi N Y 60
33830415 6 Purchase N Y 60
33616020 6 Purchase N Y 60
33491911 6 Purchase N N 0
33529082 6 C/O Refi N N 0
33784182 6 Purchase N Y 60
33909417 6 Purchase N Y 60
33287947 6 Purchase N Y 60
34045559 6 C/O Refi N N 0
32678773 6 R/T Refi N N 0
33816240 6 Purchase N Y 60
33346511 6 R/T Refi N Y 60
33555533 6 Purchase N Y 60
33431735 6 C/O Refi N Y 60
33432295 6 Purchase N N 0
4000093618 6 C/O Refi N Y 60
33745191 6 Purchase N Y 60
33040668 6 Purchase N Y 60
33347071 6 C/O Refi N Y 60
33434614 6 Purchase N Y 60
33946773 6 Purchase N Y 60
33803453 6 C/O Refi N N 0
33905951 6 Purchase N Y 60
33538687 6 Purchase N N 0
33449323 6 Purchase N N 0
33842568 6 Purchase N N 0
33882838 6 Purchase N N 0
33827742 6 R/T Refi N Y 60
33319336 6 R/T Refi N N 0
33623919 6 C/O Refi N N 0
33822966 6 C/O Refi N Y 60
4000124497 6 C/O Refi N N 0
33096199 6 Purchase N N 0
33366832 6 Purchase N Y 60
33541137 6 Purchase N N 0
33764077 6 C/O Refi N N 0
33230814 6 Purchase N Y 60
33817461 6 Purchase N Y 60
33451634 6 C/O Refi N Y 60
4000109366 6 C/O Refi N N 0
33600388 6 Purchase N Y 60
33579269 6 Purchase N Y 60
33826538 6 C/O Refi N Y 60
33830563 6 Purchase N Y 60
33599739 6 Purchase N Y 60
33491333 6 Purchase N Y 60
D-1-34
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
32673741 JACKSON 49203 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33882259 WOODBRIDGE 22192 VA PUD Owner Occupied 12/25/1900 3/23/2004
33817933 DULUTH 30096 GA Single Family Owner Occupied 12/25/1900 3/31/2004
33964289 AURORA 80013 CO PUD Owner Occupied 12/25/1900 3/29/2004
33904962 TAMPA 33603 FL Single Family Owner Occupied 12/25/1900 3/31/2004
33370099 ROSEVILLE 48066 MI Single Family Owner Occupied 12/25/1900 3/24/2004
33964834 AURORA 80015 CO PUD Owner Occupied 12/25/1900 3/24/2004
33290156 RIVERBANK 95367 CA Single Family Owner Occupied 12/25/1900 3/18/2004
33709361 CHICAGO 60617 IL Single Family Owner Occupied 12/25/1900 3/23/2004
33787896 MANTECA 95337 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33470394 LOMPOC 93436 CA Single Family Owner Occupied 12/25/1900 3/17/2004
33706565 SWANTON 43558 OH Single Family Owner Occupied 12/25/1900 3/26/2004
33766072 DERBY 14047 NY Multi Family - 2 Units Owner Occupied 12/25/1900 3/26/2004
33540915 LEXINGTON 40609 KY Single Family Owner Occupied 12/25/1900 3/31/2004
33116310 CAMBRIDGE 55008 MN Single Family Owner Occupied 12/25/1900 3/30/2004
33742685 SPANAWAY 98387 WA Single Family Owner Occupied 12/25/1900 3/29/2004
33515685 LITTLEROCK 93543 CA Single Family Owner Occupied 12/25/1900 3/8/2004
33827783 HEMET 92544 CA Single Family Owner Occupied 12/25/1900 3/26/2004
33614702 PALM COAST 32137 FL PUD Owner Occupied 12/25/1900 3/22/2004
33828583 YUCIAPA 92399 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33606500 LEHIGH ACRES 33971 FL Single Family Owner Occupied 12/25/1900 3/30/2004
33709064 FORT WAYNE 46815 IN Single Family Owner Occupied 12/25/1900 3/22/2004
32495525 LOS ANGELES 90293 CA Condo Owner Occupied 12/25/1900 3/16/2004
33813965 MARIETTA 30062 GA Single Family Owner Occupied 12/25/1900 3/25/2004
33466368 LANCASTER 93535 CA Single Family Owner Occupied 12/25/1900 3/17/2004
33575945 FAIRVIEW 97024 OR PUD Owner Occupied 12/25/1900 3/23/2004
33348194 DURHAM 27713 NC PUD Owner Occupied 12/25/1900 3/24/2004
33738055 LONG BEACH 90805 CA Single Family Owner Occupied 12/25/1900 3/10/2004
33490863 MANTECA 95336 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33984360 ROYAL PALM BEACH 33411 FL PUD Owner Occupied 12/25/1900 3/31/2004
33624339 WATERFORD 48329 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33536582 CINCINNATI 45236 OH Single Family Owner Occupied 12/25/1900 3/31/2004
33080458 ROCKLIN 95765 CA Single Family Owner Occupied 12/25/1900 3/18/2004
33215617 GLENDALE 85303 AZ PUD Owner Occupied 12/25/1900 3/23/2004
33217027 TUCSON 85719 AZ PUD Owner Occupied 12/25/1900 3/24/2004
33472689 BAKERSFIELD 93312 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33553009 ESCONDIDO 92027 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33623414 SWARTZ CREEK 48473 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33113143 MASON CITY 50401 IA Single Family Owner Occupied 12/25/1900 3/23/2004
33537218 CINCINNATI 45240 OH Single Family Owner Occupied 12/25/1900 3/30/2004
33815135 ALPHARETTA 30022 GA PUD Owner Occupied 12/25/1900 3/31/2004
33903485 ORLANDO 32828 FL PUD Owner Occupied 12/25/1900 3/23/2004
33738147 ANAHEIM 92801 CA Single Family Owner Occupied 12/25/1900 3/26/2004
33114281 PLYMOUTH 55447 MN Single Family Owner Occupied 12/25/1900 3/25/2004
32720179 BELLINGHAM 98229 WA Single Family Owner Occupied 12/25/1900 3/18/2004
33822164 STOCKTON 95205 CA Single Family Owner Occupied 12/25/1900 3/17/2004
4000081850 SANTA CLARITA 91355 CA Condo Owner Occupied 12/25/1900 3/17/2004
33945767 LAS VEGAS 89123 NV PUD Owner Occupied 12/25/1900 3/25/2004
33599762 MONROE 71203 LA Single Family Owner Occupied 12/25/1900 3/24/2004
33578410 CLACKAMAS 97015 OR PUD Owner Occupied 12/25/1900 3/26/2004
33599069 HOUSTON 77084 TX PUD Owner Occupied 12/25/1900 4/1/2004
34082792 ONTARIO 91762 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33417551 HESPERIA 92345 CA Single Family Owner Occupied 12/25/1900 3/4/2004
33687989 CERES 95307 CA Single Family Owner Occupied 12/25/1900 3/19/2004
33828013 CORONA 92882 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33520388 LOS ANGELES 90022 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33598236 MISSOURI CITY 77459 TX PUD Owner Occupied 12/25/1900 3/25/2004
33621160 MELBOURNE 32935 FL PUD Owner Occupied 12/25/1900 3/26/2004
34045823 FLOWER MOUND 75028 TX PUD Owner Occupied 12/25/1900 3/31/2004
32676488 RACINE 53405 WI Single Family Owner Occupied 12/25/1900 3/25/2004
33555822 POWAY 92064 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33348251 GARNER 27529 NC Single Family Owner Occupied 12/25/1900 3/29/2004
33964420 LITTLETON 80127 CO Condo Owner Occupied 12/25/1900 3/31/2004
33815309 MEMPHIS 38127 TN Single Family Owner Occupied 12/25/1900 3/30/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
32673741 5/1/2004 4/1/2034 358 296100 296085 7.875 1,943.16 6/1/2004 90 0-29
33882259 5/1/2004 4/1/2034 358 274000 274000 5.875 1,341.46 6/1/2004 89.89501312 0-29
33817933 5/1/2004 4/1/2034 357 137400 137043.09 6.75 891.18 7/1/2004 94.82401656 0-29
33964289 5/1/2004 4/1/2034 358 212450 212404.63 5.125 907.34 6/1/2004 79.99834317 0-29
33904962 5/1/2004 4/1/2034 358 109250 109250 5.375 489.35 6/1/2004 95 0-29
33370099 5/1/2004 4/1/2034 357 132000 131631.27 6.375 823.51 7/1/2004 91.03448276 0-29
33964834 5/1/2004 4/1/2034 358 245100 245100 6.5 1,327.63 6/1/2004 95 0-29
33290156 5/1/2004 4/1/2034 358 210750 210750 5.625 987.89 6/1/2004 79.9925606 0-29
33709361 5/1/2004 4/1/2034 358 91000 90769.32 6.875 597.81 6/1/2004 65 0-29
33787896 5/1/2004 4/1/2034 358 228000 227989.62 5.75 1,092.50 6/1/2004 80 0-29
33470394 5/1/2004 4/1/2034 358 240000 240000 5.125 1,025.00 6/1/2004 80 0-29
33706565 5/1/2004 4/1/2034 359 141100 140799.3 7.75 1,010.86 5/1/2004 85 0-29
33766072 5/1/2004 4/1/2034 358 115000 114715.54 7 765.10 6/1/2004 75.16339869 0-29
33540915 5/1/2004 4/1/2034 358 103900 103900 6 519.50 6/1/2004 79.98460354 0-29
33116310 5/1/2004 4/1/2034 358 144000 144000 5.625 675.00 6/1/2004 80 0-29
33742685 5/1/2004 4/1/2034 357 115200 115200 4.75 456.00 7/1/2004 80 0-29
33515685 5/1/2004 4/1/2034 358 163800 163364.04 6.625 1,048.83 6/1/2004 91 0-29
33827783 5/1/2004 4/1/2034 358 180000 179958.23 6.25 937.50 6/1/2004 80 0-29
33614702 5/1/2004 4/1/2034 358 324000 324000 6.75 1,822.50 6/1/2004 90 0-29
33828583 5/1/2004 4/1/2034 358 222400 222400 6.75 1,251.00 6/1/2004 80 0-29
33606500 5/1/2004 4/1/2034 357 84000 83834.03 8.125 623.70 7/1/2004 80 0-29
33709064 5/1/2004 4/1/2034 358 113050 113050 7.375 694.79 6/1/2004 95 0-29
32495525 5/1/2004 4/1/2034 358 216000 215528 7.625 1,528.84 6/1/2004 67.5 0-29
33813965 5/1/2004 4/1/2034 358 116000 116000 7.375 712.92 6/1/2004 82.85714286 0-29
33466368 5/1/2004 4/1/2034 358 180000 180000 6.25 937.50 6/1/2004 80 0-29
33575945 5/1/2004 4/1/2034 358 122550 122145.73 5.5 695.83 6/1/2004 79.99347258 0-29
33348194 5/1/2004 4/1/2034 357 145000 144690.39 7.75 1,038.80 7/1/2004 94.15584416 0-29
33738055 5/1/2004 4/1/2034 358 280000 279970.83 5.875 1,370.83 6/1/2004 80 0-29
33490863 5/1/2004 4/1/2034 358 288000 288000 5.99 1,437.60 6/1/2004 90 0-29
33984360 5/1/2004 4/1/2034 358 321700 321700 6.375 1,709.03 6/1/2004 89.9797217 0-29
33624339 5/1/2004 4/1/2034 358 197000 196475.66 6.625 1,261.42 6/1/2004 93.80952381 0-29
33536582 5/1/2004 4/1/2034 357 104000 103726.69 6.75 674.55 7/1/2004 80 0-29
33080458 5/1/2004 4/1/2034 358 311900 311899.66 5.875 1,527.01 6/1/2004 79.99487048 0-29
33215617 5/1/2004 4/1/2034 358 116000 116000 6.75 652.50 6/1/2004 84.98168498 0-29
33217027 5/1/2004 4/1/2034 358 148400 148400 5.75 711.08 6/1/2004 80 0-29
33472689 5/1/2004 4/1/2034 358 145500 145500 5.625 682.03 6/1/2004 79.97581487 0-29
33553009 5/1/2004 4/1/2034 358 323000 323000 6.375 1,715.94 6/1/2004 95 0-29
33623414 5/1/2004 4/1/2034 358 130500 130177.22 7 868.22 6/1/2004 90 0-29
33113143 5/1/2004 4/1/2034 358 97375 97270.17 6.75 547.73 6/1/2004 95 0-29
33537218 5/1/2004 4/1/2034 358 82650 82455.39 7.25 563.82 6/1/2004 95 0-29
33815135 5/1/2004 4/1/2034 358 150800 150462.14 7.5 1,054.42 6/1/2004 80 0-29
33903485 5/1/2004 4/1/2034 359 243500 243500 6.99 1,418.39 5/1/2004 91.19850187 0-29
33738147 5/1/2004 4/1/2034 358 328000 327061.44 6.25 2,019.56 6/1/2004 80 0-29
33114281 5/1/2004 4/1/2034 358 284000 284000 4.625 1,094.58 6/1/2004 80 0-29
32720179 5/1/2004 4/1/2034 357 202776 202166.19 5.99 1,214.45 7/1/2004 80 0-29
33822164 5/1/2004 4/1/2034 358 183250 183250 6.625 1,011.69 6/1/2004 94.99740798 0-29
4000081850 5/1/2004 4/1/2034 358 293600 293600 5.125 1,253.92 6/1/2004 80 0-29
33945767 5/1/2004 4/1/2034 357 195500 194953.87 6.375 1,219.67 7/1/2004 85 0-29
33599762 5/1/2004 4/1/2034 358 243000 243000 7.25 1,468.13 6/1/2004 90 0-29
33578410 5/1/2004 4/1/2034 358 176000 176000 4.625 678.33 6/1/2004 80 0-29
33599069 6/1/2004 5/1/2034 359 129900 129710.79 7.625 919.43 6/1/2004 100 0-29
34082792 5/1/2004 4/1/2034 357 220000 219999 5.875 1,077.08 7/1/2004 80 0-29
33417551 5/1/2004 4/1/2034 358 219450 218982.32 7.75 1,572.17 6/1/2004 99.98177594 0-29
33687989 5/1/2004 4/1/2034 357 199900 199900 5.625 937.03 7/1/2004 79.9919968 0-29
33828013 5/1/2004 4/1/2034 358 115000 114975.72 6.75 646.88 6/1/2004 53.48837209 0-29
33520388 5/1/2004 4/1/2034 358 242400 242400 4.5 909.00 6/1/2004 80 0-29
33598236 5/1/2004 4/1/2034 357 161400 161088.65 8.25 1,212.55 7/1/2004 94.99705709 0-29
33621160 5/1/2004 4/1/2034 358 114300 114250.19 7.75 738.19 6/1/2004 90 0-29
34045823 5/1/2004 4/1/2034 358 174800 174334.75 6.625 1,119.27 6/1/2004 95 0-29
32676488 5/1/2004 4/1/2034 358 114900 114900 7.25 694.19 6/1/2004 94.95867769 0-29
33555822 5/1/2004 4/1/2034 357 261000 261000 6.625 1,440.94 7/1/2004 90 0-29
33348251 5/1/2004 4/1/2034 357 157700 157377.86 8 1,157.15 7/1/2004 100 0-29
33964420 5/1/2004 4/1/2034 358 119900 119900 5.75 574.52 6/1/2004 79.98665777 0-29
33815309 5/1/2004 4/1/2034 358 42400 42307.34 7.625 300.11 6/1/2004 80 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
32673741 6ML 6.625 3 7.875 13.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33882259 6ML 4.875 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33817933 6ML 6 3 6.75 12.75 1/0/1900 None 4/1/2006 6
33964289 6ML 4 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33904962 6ML 5 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33370099 6ML 5.375 3 6.375 12.375 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2007 6
33964834 6ML 5.125 3 6.5 12.5 1/12/1900 6 mo.s interest less 20% obal 4/1/2007 6
33290156 6ML 4.25 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33709361 6ML 5.375 3 6.875 12.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33787896 6ML 4.625 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33470394 6ML 3.75 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33706565 6ML 6.25 3 7.75 13.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33766072 6ML 5.625 3 7 13 1/0/1900 None 4/1/2007 6
33540915 6ML 4.75 3 6 12 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33116310 6ML 4.875 3 5.625 11.625 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33742685 6ML 3.5 3 4.75 10.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33515685 6ML 6.125 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33827783 6ML 5.375 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33614702 6ML 5.375 3 6.75 12.75 1/12/1900 6 mo.s interest less 20% obal 4/1/2006 6
33828583 6ML 5.5 3 6.75 12.75 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
33606500 6ML 6.75 3 8.125 14.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33709064 6ML 6.125 3 7.375 13.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
32495525 6ML 5.5 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33813965 6ML 5.5 3 7.375 13.375 1/0/1900 None 4/1/2009 6
33466368 6ML 5 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33575945 6ML 4.25 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33348194 6ML 6.5 3 7.75 13.75 1/0/1900 None 4/1/2006 6
33738055 6ML 4.5 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33490863 6ML 4.875 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33984360 6ML 5.625 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33624339 6ML 6.25 3 6.625 12.625 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33536582 6ML 5.875 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33080458 6ML 4.625 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33215617 6ML 5.25 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2007 6
33217027 6ML 3.625 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33472689 6ML 4 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33553009 6ML 5.375 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33623414 6ML 6.125 3 7 13 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33113143 6ML 5.875 3 6.75 12.75 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33537218 6ML 6.625 3 7.25 13.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33815135 6ML 4.75 3 7.5 13.5 1/0/1900 None 4/1/2006 6
33903485 6ML 6 3 6.99 12.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33738147 6ML 5.625 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33114281 6ML 3.625 3 4.625 10.625 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
32720179 6ML 5.125 3 5.99 11.99 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
33822164 6ML 5.875 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000081850 6ML 3.625 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33945767 6ML 5.875 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33599762 6ML 6 3 7.25 13.25 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
33578410 6ML 3.375 3 4.625 10.625 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33599069 6ML 5.125 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34082792 6ML 4.25 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33417551 6ML 5.375 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33687989 6ML 4.25 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33828013 6ML 4.75 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33520388 6ML 3.375 3 4.5 10.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33598236 6ML 5.5 3 8.25 14.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33621160 6ML 6.5 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
34045823 6ML 5.875 3 6.625 12.625 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
32676488 6ML 6.125 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33555822 6ML 5.375 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33348251 6ML 5.75 3 8 14 1/0/1900 None 4/1/2006 6
33964420 6ML 4.25 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33815309 6ML 6.5 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
32673741 6 C/O Refi N Y 60
33882259 6 C/O Refi N Y 60
33817933 6 Purchase N N 0
33964289 6 Purchase N Y 60
33904962 6 Purchase N Y 60
33370099 6 C/O Refi N N 0
33964834 6 R/T Refi N Y 60
33290156 6 Purchase N Y 60
33709361 6 R/T Refi N N 0
33787896 6 Purchase N Y 60
33470394 6 Purchase N Y 60
33706565 6 R/T Refi N N 0
33766072 6 C/O Refi N N 0
33540915 6 Purchase N Y 60
33116310 6 Purchase N Y 60
33742685 6 Purchase N Y 60
33515685 6 Purchase N N 0
33827783 6 Purchase N Y 60
33614702 6 C/O Refi N Y 60
33828583 6 Purchase N Y 60
33606500 6 Purchase N N 0
33709064 6 C/O Refi N Y 60
32495525 6 C/O Refi N N 0
33813965 6 C/O Refi N Y 60
33466368 6 Purchase N Y 60
33575945 6 Purchase N N 0
33348194 6 R/T Refi N N 0
33738055 6 Purchase N Y 60
33490863 6 C/O Refi N Y 60
33984360 6 Purchase N Y 60
33624339 6 C/O Refi N N 0
33536582 6 Purchase N N 0
33080458 6 Purchase N Y 60
33215617 6 C/O Refi N Y 60
33217027 6 Purchase N Y 60
33472689 6 Purchase N Y 60
33553009 6 C/O Refi N Y 60
33623414 6 C/O Refi N N 0
33113143 6 R/T Refi N Y 60
33537218 6 Purchase N N 0
33815135 6 Purchase N N 0
33903485 6 C/O Refi N Y 60
33738147 6 Purchase N N 0
33114281 6 C/O Refi N Y 60
32720179 6 Purchase N N 0
33822164 6 Purchase N Y 60
4000081850 6 Purchase N Y 60
33945767 6 C/O Refi N N 0
33599762 6 C/O Refi N Y 60
33578410 6 Purchase N Y 60
33599069 6 Purchase N N 0
34082792 6 Purchase N Y 60
33417551 6 Purchase N N 0
33687989 6 Purchase N Y 60
33828013 6 C/O Refi N Y 60
33520388 6 Purchase N Y 60
33598236 6 Purchase N N 0
33621160 6 Purchase N Y 60
34045823 6 Purchase N N 0
32676488 6 C/O Refi N Y 60
33555822 6 Purchase N Y 60
33348251 6 Purchase N N 0
33964420 6 Purchase N Y 60
33815309 6 Purchase N N 0
D-1-35
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33815721 GREENBRIER 37073 TN Condo Owner Occupied 12/25/1900 3/30/2004
33612912 BIRMINGHAM 35215 AL Single Family Owner Occupied 12/25/1900 3/31/2004
34102830 BAKERSFIELD 93313 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33369588 EASTPOINTE 48021 MI Single Family Owner Occupied 12/25/1900 3/25/2004
33577990 MEDFORD 97501 OR Single Family Owner Occupied 12/25/1900 3/18/2004
33963257 LINCOLN 68505 NE PUD Owner Occupied 12/25/1900 3/31/2004
33492687 SAN DIEGO 92114 CA Single Family Owner Occupied 12/25/1900 3/26/2004
33370792 TAYLOR 48180 MI Single Family Owner Occupied 12/25/1900 3/30/2004
33448507 EAST ORANGE 7017 NJ Single Family Owner Occupied 12/25/1900 3/31/2004
33523630 SOUTH BLOOMFIELD 43103 OH Single Family Owner Occupied 12/25/1900 3/25/2004
33816869 FAIRBURN 30213 GA PUD Owner Occupied 12/25/1900 3/31/2004
33826785 HIGHLAND 92346 CA Condo Owner Occupied 12/25/1900 3/26/2004
33905308 JACKSONVILLE 32256 FL Condo Owner Occupied 12/25/1900 3/29/2004
33964669 LITTLETON 80127 CO PUD Owner Occupied 12/25/1900 3/26/2004
33518655 PALMDALE 93550 CA Single Family Owner Occupied 12/25/1900 3/12/2004
4000124143 HOUSTON 77059 TX PUD Owner Occupied 12/25/1900 3/31/2004
34104067 ONTARIO 91761 CA Single Family Owner Occupied 12/25/1900 3/24/2004
34105312 MORENO VALLEY 92557 CA Single Family Owner Occupied 12/25/1900 3/25/2004
32676983 KEWAUNEE 54216 WI Single Family Owner Occupied 12/25/1900 3/31/2004
33292483 BAKERSFIELD 93305 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33822206 NORWALK 90650 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33435009 CORINTH 76210 TX PUD Owner Occupied 12/25/1900 3/31/2004
33923616 MENTOR 44060 OH Single Family Owner Occupied 12/25/1900 3/31/2004
33963687 AURORA 80012 CO Condo Owner Occupied 12/25/1900 3/30/2004
33397191 CANTON 30115 GA Single Family Owner Occupied 12/25/1900 3/26/2004
32719841 SEATTLE 98106 WA Single Family Owner Occupied 12/25/1900 3/22/2004
33575101 BATTLE GROUND 98604 WA Single Family Owner Occupied 12/25/1900 3/23/2004
33925017 BURNSWICK 44212 OH Single Family Owner Occupied 12/25/1900 4/7/2004
33039975 NOTTINGHAM 21236 MD Single Family Owner Occupied 12/25/1900 3/31/2004
33116963 NEW PRAGUE 56071 MN Single Family Owner Occupied 12/25/1900 3/30/2004
33883414 SHEPHERDSTOWN 25443 WV PUD Owner Occupied 12/25/1900 3/30/2004
33732306 MARYSVILLE 95901 CA Single Family Owner Occupied 12/25/1900 3/19/2004
32720757 TACOMA 98406 WA Single Family Owner Occupied 12/25/1900 3/25/2004
33711615 WONDER LAKE 60097 IL Single Family Owner Occupied 12/25/1900 3/26/2004
33984220 FORT MYERS 33913 FL Condo Owner Occupied 12/25/1900 3/31/2004
32719064 SEATTLE 98106 WA Single Family Owner Occupied 12/25/1900 3/24/2004
33815432 WOODSTOCK 30188 GA Single Family Owner Occupied 12/25/1900 3/29/2004
32853806 TUALATIN 97062 OR Single Family Owner Occupied 12/25/1900 3/26/2004
33338435 FONTANA 92336 CA Single Family Owner Occupied 12/25/1900 3/19/2004
33454075 GARFIELD 7026 NJ Multi Family - 2 Units Owner Occupied 12/25/1900 3/31/2004
33741885 RANCHO SANTA MARGARITA 92688 CA Condo Owner Occupied 12/25/1900 3/26/2004
33619404 KISSIMMEE 34758 FL PUD Second Home 12/25/1900 3/26/2004
33567736 VERNONIA 97064 OR Single Family Owner Occupied 12/25/1900 2/23/2004
33946120 BONITA 91902 CA Condo Owner Occupied 12/25/1900 3/24/2004
33738378 SANGER 93657 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33902222 SEFFNER 33584 FL PUD Owner Occupied 12/25/1900 3/31/2004
33571522 SALEM 97303 OR Single Family Owner Occupied 12/25/1900 3/29/2004
33337205 MARYSVILLE 95901 CA Single Family Owner Occupied 12/25/1900 3/18/2004
33007543 WILKINSON 46186 IN Single Family Owner Occupied 12/25/1900 3/31/2004
32312647 DETROIT 48209 MI Single Family Owner Occupied 12/25/1900 3/22/2004
33232406 LAS VEGAS 89108 NV Single Family Owner Occupied 12/25/1900 3/24/2004
33731241 CARSON 90745 CA Single Family Owner Occupied 12/25/1900 3/12/2004
34042069 DALLAS 75220 TX Single Family Owner Occupied 12/25/1900 3/26/2004
4000118500 NEW CASTLE 19720 DE Single Family Owner Occupied 12/25/1900 3/29/2004
33714551 DES PLAINES 60016 IL Single Family Owner Occupied 12/25/1900 3/26/2004
33154485 CHICAGO 60638 IL Multi Family - 2 Units Owner Occupied 12/25/1900 3/26/2004
33882333 FREDERICK 21702 MD Single Family Owner Occupied 12/25/1900 3/31/2004
33216334 LITCHFIELD 85340 AZ PUD Owner Occupied 12/25/1900 3/19/2004
32314247 DETROIT 48205 MI Single Family Owner Occupied 12/25/1900 3/25/2004
33340373 ALISO VIEJO 92656 CA Condo Owner Occupied 12/25/1900 3/22/2004
33579038 HILLSBORO 97124 OR Single Family Non-Owner Occupied 12/25/1900 3/29/2004
33536202 CINCINNATI 45240 OH Single Family Owner Occupied 12/25/1900 3/31/2004
4000127731 PLEASANT GROVE 84062 UT Single Family Owner Occupied 12/25/1900 3/24/2004
33518515 FONTANA 92336 CA Condo Owner Occupied 12/25/1900 3/23/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33815721 5/1/2004 4/1/2034 358 52000 52000 5.875 254.58 6/1/2004 80 0-29
33612912 5/1/2004 4/1/2034 358 70100 69954.3 7.875 508.28 6/1/2004 89.98716303 0-29
34102830 5/1/2004 4/1/2034 358 132000 131689.19 7.25 900.48 6/1/2004 80 0-29
33369588 5/1/2004 4/1/2034 358 120600 120301.11 6.99 801.55 6/1/2004 90 0-29
33577990 5/1/2004 4/1/2034 357 160000 160000 6.25 833.33 7/1/2004 80 0-29
33963257 5/1/2004 4/1/2034 359 119350 119350 5.75 571.89 5/1/2004 79.99329759 0-29
33492687 5/1/2004 4/1/2034 358 248000 248000 6.875 1,420.83 6/1/2004 72.94117647 0-29
33370792 5/1/2004 4/1/2034 357 160100 159839.01 5.625 750.47 7/1/2004 94.97200076 0-29
33448507 5/1/2004 4/1/2034 358 160000 159627.07 7.875 1,160.12 6/1/2004 80 0-29
33523630 5/1/2004 4/1/2034 358 134100 134100 5.125 572.72 6/1/2004 80 0-29
33816869 5/1/2004 4/1/2034 358 144000 144000 6.25 750.00 6/1/2004 80 0-29
33826785 5/1/2004 4/1/2034 358 172400 172400 5.25 754.25 6/1/2004 80 0-29
33905308 5/1/2004 4/1/2034 358 96900 96900 6.375 514.78 6/1/2004 79.95049505 0-29
33964669 5/1/2004 4/1/2034 358 233550 233462.15 8.375 1,629.98 6/1/2004 89.48275862 0-29
33518655 5/1/2004 4/1/2034 358 223250 222641.23 6.5 1,411.10 6/1/2004 95 0-29
4000124143 5/1/2004 4/1/2034 358 104800 104800 5.375 469.42 6/1/2004 80 0-29
34104067 5/1/2004 4/1/2034 358 249750 249750 6.875 1,430.86 6/1/2004 75 0-29
34105312 5/1/2004 4/1/2034 358 220000 220000 5.375 985.42 6/1/2004 80 0-29
32676983 5/1/2004 4/1/2034 357 99200 99174.98 5.5 454.67 7/1/2004 80 0-29
33292483 5/1/2004 4/1/2034 358 125100 125100 6.75 703.69 6/1/2004 90 0-29
33822206 5/1/2004 4/1/2034 358 300000 299998.5 6.125 1,531.25 6/1/2004 80 0-29
33435009 5/1/2004 4/1/2034 358 103200 103100 4.875 419.25 6/1/2004 80 0-29
33923616 5/1/2004 4/1/2034 358 188100 187640.52 7.125 1,267.27 6/1/2004 90 0-29
33963687 5/1/2004 4/1/2034 358 66400 66400 5.5 304.33 6/1/2004 80 0-29
33397191 5/1/2004 4/1/2034 358 139500 139500 7.875 915.47 6/1/2004 90 0-29
32719841 5/1/2004 4/1/2034 358 211500 210989.57 7.125 1,424.92 6/1/2004 85.62753036 0-29
33575101 5/1/2004 4/1/2034 358 316000 315028.73 5.875 1,869.26 6/1/2004 80 0-29
33925017 6/1/2004 5/1/2034 359 142450 142258.2 8 1,045.25 6/1/2004 89.98736576 0-29
33039975 5/1/2004 4/1/2034 357 175000 174662.92 8.25 1,314.72 7/1/2004 100 0-29
33116963 5/1/2004 4/1/2034 358 124900 124676.97 8.625 971.46 6/1/2004 100 0-29
33883414 5/1/2004 4/1/2034 358 287900 287885 5.5 1,319.54 6/1/2004 79.9944429 0-29
33732306 5/1/2004 4/1/2034 358 174550 174550 6.25 909.11 6/1/2004 79.98442011 0-29
32720757 5/1/2004 4/1/2034 357 213750 212919.08 6.875 1,224.61 7/1/2004 95 0-29
33711615 5/1/2004 4/1/2034 359 150300 150300 7.25 908.06 5/1/2004 90 0-29
33984220 5/1/2004 4/1/2034 357 125300 125300 7.25 757.02 7/1/2004 94.97388787 0-29
32719064 5/1/2004 4/1/2034 357 190000 189552.64 7.25 1,296.14 7/1/2004 69.09090909 0-29
33815432 5/1/2004 4/1/2034 358 159400 159400 5.875 780.40 6/1/2004 79.97992975 0-29
32853806 5/1/2004 4/1/2034 358 160000 160000 5.5 733.33 6/1/2004 80 0-29
33338435 5/1/2004 4/1/2034 358 304300 304300 5.99 1,518.96 6/1/2004 79.99263952 0-29
33454075 5/1/2004 4/1/2034 358 365750 364909.93 7.375 2,526.15 6/1/2004 95 0-29
33741885 5/1/2004 4/1/2034 357 272000 272000 5.75 1,303.33 7/1/2004 80 0-29
33619404 5/1/2004 4/1/2034 359 91000 90796.11 7.5 636.29 5/1/2004 79.8245614 0-29
33567736 5/1/2004 4/1/2034 358 180000 180000 7.625 1,143.75 6/1/2004 90 0-29
33946120 5/1/2004 4/1/2034 358 279920 279920 5.375 1,253.81 6/1/2004 80 0-29
33738378 5/1/2004 4/1/2034 358 188000 187462.64 6.375 1,172.88 6/1/2004 89.52380952 0-29
33902222 5/1/2004 4/1/2034 358 116150 116150 6 580.75 6/1/2004 79.97108235 0-29
33571522 5/1/2004 4/1/2034 357 111500 111164.49 6.875 732.48 7/1/2004 94.89361702 0-29
33337205 5/1/2004 4/1/2034 358 154650 154650 5.875 757.14 6/1/2004 54.90954926 0-29
33007543 5/1/2004 4/1/2034 359 93600 93356.87 6.75 607.09 5/1/2004 80 0-29
32312647 5/1/2004 4/1/2034 357 64500 64372.54 8.125 478.92 7/1/2004 88.35616438 0-29
33232406 5/1/2004 4/1/2034 358 146000 145672.88 7.5 1,020.86 6/1/2004 94.80519481 0-29
33731241 5/1/2004 4/1/2034 358 323200 323200 5.5 1,481.33 6/1/2004 80 0-29
34042069 5/1/2004 4/1/2034 358 136500 136108.13 6.375 851.59 6/1/2004 70.7253886 0-29
4000118500 5/1/2004 4/1/2034 358 110800 110800 5.5 507.83 6/1/2004 80 0-29
33714551 5/1/2004 4/1/2034 359 292500 291644.3 6.75 1,897.15 5/1/2004 90 0-29
33154485 5/1/2004 4/1/2034 358 297500 296881.72 7.875 2,157.09 6/1/2004 85 0-29
33882333 5/1/2004 4/1/2034 358 207900 207899.99 5.5 952.88 6/1/2004 79.99230473 0-29
33216334 5/1/2004 4/1/2034 358 139200 139200 5.125 594.50 6/1/2004 79.99448314 0-29
32314247 5/1/2004 4/1/2034 358 85500 85351.35 8.75 672.63 6/1/2004 90 0-29
33340373 5/1/2004 4/1/2034 357 272800 272800 4.75 1,079.83 7/1/2004 80 0-29
33579038 5/1/2004 4/1/2034 358 142350 142349.99 7 830.38 6/1/2004 89.98103666 0-29
33536202 5/1/2004 4/1/2034 358 124000 124000 7 723.33 6/1/2004 80 0-29
4000127731 5/1/2004 4/1/2034 358 176800 176800 5.75 847.17 6/1/2004 80 0-29
33518515 5/1/2004 4/1/2034 358 199500 199500 6.625 1,101.41 6/1/2004 95 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33815721 6ML 4.375 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33612912 6ML 6.25 3 7.875 13.875 1/0/1900 None 4/1/2006 6
34102830 6ML 5.875 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33369588 6ML 5.25 3 6.99 12.99 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33577990 6ML 4.625 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33963257 6ML 4.5 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33492687 6ML 5.375 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33370792 6ML 5.125 3 5.625 11.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33448507 6ML 6.5 3 7.875 13.875 1/0/1900 None 4/1/2006 6
33523630 6ML 4 3 5.125 11.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33816869 6ML 4.375 3 6.25 12.25 1/0/1900 None 4/1/2009 6
33826785 6ML 3.375 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33905308 6ML 4.75 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33964669 6ML 7.125 3 8.375 14.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33518655 6ML 6 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000124143 6ML 3.375 3 5.375 11.375 1/0/1900 None 4/1/2009 6
34104067 6ML 4.75 3 6.875 12.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
34105312 6ML 3.875 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
32676983 6ML 4.5 3 5.5 11.5 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33292483 6ML 5.75 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33822206 6ML 4.875 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33435009 6ML 4 3 4.875 10.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33923616 6ML 6 3 7.125 13.125 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33963687 6ML 3.5 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33397191 6ML 6.375 3 7.875 13.875 1/0/1900 None 4/1/2006 6
32719841 6ML 6.125 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33575101 6ML 4.5 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33925017 6ML 6.75 3 8 14 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33039975 6ML 5.625 3 8.25 14.25 1/12/1900 6 mo.s interest less 20% obal 4/1/2006 6
33116963 6ML 5.75 3 8.625 14.625 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2009 6
33883414 6ML 4.25 3 5.5 11.5 1/0/1900 None 4/1/2006 6
33732306 6ML 5 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32720757 6ML 6.125 3 6.875 12.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
33711615 6ML 6 3 7.25 13.25 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33984220 6ML 6 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32719064 6ML 5.625 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33815432 6ML 4.75 3 5.875 11.875 1/0/1900 None 4/1/2006 6
32853806 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33338435 6ML 4.625 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33454075 6ML 6.875 3 7.375 13.375 1/0/1900 None 4/1/2006 6
33741885 6ML 3.875 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33619404 6ML 5.625 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33567736 6ML 6.375 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33946120 6ML 3.75 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33738378 6ML 5.625 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
33902222 6ML 5.125 3 6 12 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33571522 6ML 5 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33337205 6ML 3.75 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33007543 6ML 5.625 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
32312647 6ML 5.25 3 8.125 14.125 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33232406 6ML 6.375 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33731241 6ML 4.25 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
34042069 6ML 4.875 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
4000118500 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33714551 6ML 4.75 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33154485 6ML 6.625 3 7.875 13.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33882333 6ML 4.625 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33216334 6ML 4.25 3 5.125 11.125 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
32314247 6ML 7.5 3 8.75 14.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33340373 6ML 3.375 3 4.75 10.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33579038 6ML 4.75 3 7 13 1/0/1900 None 4/1/2006 6
33536202 6ML 5.875 3 7 13 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
4000127731 6ML 3.625 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33518515 6ML 5.375 3 6.625 12.625 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33815721 6 Purchase N Y 60
33612912 6 Purchase N N 0
34102830 6 C/O Refi N N 0
33369588 6 C/O Refi N N 0
33577990 6 C/O Refi N Y 60
33963257 6 Purchase N Y 60
33492687 6 C/O Refi N Y 60
33370792 6 Purchase N Y 60
33448507 6 Purchase N N 0
33523630 6 Purchase N Y 60
33816869 6 Purchase N Y 60
33826785 6 Purchase N Y 60
33905308 6 Purchase N Y 60
33964669 6 R/T Refi N Y 60
33518655 6 Purchase N N 0
4000124143 6 Purchase N Y 60
34104067 6 C/O Refi N Y 60
34105312 6 Purchase N Y 60
32676983 6 Purchase N Y 60
33292483 6 Purchase N Y 60
33822206 6 Purchase N Y 60
33435009 6 Purchase N Y 60
33923616 6 Purchase N N 0
33963687 6 Purchase N Y 60
33397191 6 C/O Refi N Y 60
32719841 6 C/O Refi N N 0
33575101 6 C/O Refi N N 0
33925017 6 Purchase N N 0
33039975 6 Purchase N N 0
33116963 6 Purchase N N 0
33883414 6 Purchase N Y 60
33732306 6 Purchase N Y 60
32720757 6 Purchase N Y 60
33711615 6 C/O Refi N Y 60
33984220 6 Purchase N Y 60
32719064 6 C/O Refi N N 0
33815432 6 Purchase N Y 60
32853806 6 Purchase N Y 60
33338435 6 Purchase N Y 60
33454075 6 Purchase N N 0
33741885 6 Purchase N Y 60
33619404 6 R/T Refi N N 0
33567736 6 C/O Refi N Y 60
33946120 6 Purchase N Y 60
33738378 6 C/O Refi N N 0
33902222 6 Purchase N Y 60
33571522 6 Purchase N N 0
33337205 6 Purchase N Y 60
33007543 6 Purchase N N 0
32312647 6 R/T Refi N N 0
33232406 6 R/T Refi N N 0
33731241 6 Purchase N Y 60
34042069 6 R/T Refi N N 0
4000118500 6 Purchase N Y 60
33714551 6 R/T Refi N N 0
33154485 6 C/O Refi N N 0
33882333 6 Purchase N Y 60
33216334 6 Purchase N Y 60
32314247 6 C/O Refi N N 0
33340373 6 Purchase N Y 60
33579038 6 Purchase N Y 60
33536202 6 Purchase N Y 60
4000127731 6 C/O Refi N Y 60
33518515 6 C/O Refi N Y 60
D-1-36
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33687658 PLACERVILLE 95667 CA Single Family Owner Occupied 360 3/24/2004
33432972 DALLAS 75225 TX Condo Owner Occupied 12/25/1900 3/31/2004
32716367 YAKIMA 98901 WA Single Family Owner Occupied 12/25/1900 3/29/2004
33732868 SANTA ANA 92704 CA Condo Owner Occupied 12/25/1900 3/22/2004
33945163 STOCKTON 95206 CA Single Family Owner Occupied 12/25/1900 3/18/2004
33521675 SACRAMENTO 95835 CA Single Family Owner Occupied 12/25/1900 3/26/2004
33948126 MORENO VALLEY 92553 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33882366 MECHANICSBURG 17050 PA Single Family Owner Occupied 12/25/1900 3/24/2004
33540055 AMBRIDGE 15003 PA Single Family Owner Occupied 12/25/1900 3/31/2004
33118084 BURNSVILLE 55337 MN Single Family Owner Occupied 12/25/1900 3/26/2004
34104463 ALISO VIEJO AREA 92656 CA PUD Owner Occupied 12/25/1900 3/25/2004
33741919 VICTORVILLE 92392 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33535469 RIVERSIDE 45431 OH Single Family Owner Occupied 12/25/1900 3/26/2004
33366865 MONROE 48162 MI Single Family Owner Occupied 12/25/1900 3/22/2004
33236142 LAS VEGAS 89109 NV Single Family Owner Occupied 12/25/1900 3/25/2004
33762444 BROOKLYN 11235 NY Multi Family - 4 Units Owner Occupied 12/25/1900 3/26/2004
33818089 UNION CITY 30291 GA PUD Owner Occupied 12/25/1900 3/31/2004
32677601 MILWAUKEE 53204 WI Multi Family - 2 Units Owner Occupied 12/25/1900 3/30/2004
34046961 FRISCO 75035 TX PUD Owner Occupied 12/25/1900 3/30/2004
32913121 OGDEN 84404 UT Single Family Owner Occupied 12/25/1900 3/26/2004
33234659 LAS VEGAS 89145 NV Single Family Owner Occupied 12/25/1900 3/22/2004
33962739 WINDSOR 80550 CO PUD Owner Occupied 12/25/1900 3/26/2004
33036518 BALTIMORE 21218 MD Single Family Owner Occupied 12/25/1900 3/30/2004
33827635 PERRIS 92571 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33452384 PHILADELPHIA 19135 PA Single Family Owner Occupied 12/25/1900 3/26/2004
33533209 HAMILTON 45013 OH Single Family Owner Occupied 12/25/1900 3/30/2004
33815341 SMYRNA 30082 GA Single Family Owner Occupied 12/25/1900 3/31/2004
33512328 FULLERTON 92832 CA Single Family Owner Occupied 12/25/1900 3/18/2004
33116666 MINNEAPOLIS 55430 MN Single Family Owner Occupied 12/25/1900 3/26/2004
33468844 SUN VALLEY AREA 91352 CA Single Family Non-Owner Occupied 12/25/1900 3/2/2004
34102616 CORONA 92883 CA PUD Owner Occupied 12/25/1900 3/22/2004
33729062 LONG BEACH 90807 CA Condo Owner Occupied 12/25/1900 3/25/2004
33827080 EL MONTE 91731 CA Single Family Owner Occupied 12/25/1900 3/24/2004
4000102716 MIAMI 33179 FL Single Family Owner Occupied 12/25/1900 3/2/2004
33533860 POTTSTOWN 19464 PA Single Family Owner Occupied 12/25/1900 3/26/2004
33982729 BOCA RATON 33428 FL PUD Owner Occupied 12/25/1900 3/26/2004
33813452 LAWRENCEVILLE 30045 GA Single Family Owner Occupied 12/25/1900 3/25/2004
33944935 SAN MARCOS 92078 CA Condo Owner Occupied 12/25/1900 3/23/2004
4000127616 CORINTH 76210 TX Single Family Owner Occupied 12/25/1900 3/26/2004
33150129 ROMEOVILLE 60446 IL PUD Owner Occupied 12/25/1900 3/31/2004
33922204 LORIAN 44053 OH Single Family Owner Occupied 12/25/1900 3/26/2004
33743410 EVERETT 98208 WA Single Family Owner Occupied 12/25/1900 3/23/2004
33732249 LOS ANGELES 90059 CA Single Family Non-Owner Occupied 12/25/1900 3/22/2004
32676173 NEENAH 54956 WI Single Family Owner Occupied 12/25/1900 3/20/2004
33115783 MONTICELLO 55362 MN Single Family Owner Occupied 12/25/1900 3/23/2004
33433053 DALLAS 75204 TX Condo Owner Occupied 12/25/1900 3/25/2004
33289554 MODESTO 95351 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33427014 DALLAS 75217 TX PUD Owner Occupied 12/25/1900 3/29/2004
33217118 ANGEL FIRE 87710 NM Single Family Second Home 12/25/1900 3/25/2004
33418393 VICTORVILLE 92392 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33767799 HEWLETT 11557 NY Single Family Owner Occupied 12/25/1900 3/24/2004
33218686 PHOENIX 85043 AZ PUD Owner Occupied 12/25/1900 3/26/2004
33686510 OAKLAND 94612 CA Multi Family - 2 Units Owner Occupied 12/25/1900 3/22/2004
4000118348 SAINT CLOUD 34771 FL PUD Owner Occupied 12/25/1900 3/23/2004
33815663 PORTLAND 37148 TN Single Family Owner Occupied 12/25/1900 3/26/2004
33805128 CUMMING 30040 GA PUD Owner Occupied 12/25/1900 3/30/2004
33204868 TUCSON 85712 AZ Single Family Owner Occupied 12/25/1900 3/23/2004
33507369 LANCASTER 93536 CA Single Family Owner Occupied 12/25/1900 3/29/2004
33446642 PHILADELPHIA 19107 PA Multi Family - 4 Units Owner Occupied 12/25/1900 3/24/2004
33712340 HAINESVILLE 60073 IL Single Family Owner Occupied 12/25/1900 3/26/2004
33520644 LOS ANGELES 90041 CA Single Family Owner Occupied 12/25/1900 3/26/2004
33540931 KOKOMO 46901 IN Single Family Owner Occupied 12/25/1900 3/31/2004
4000128309 CHICAGO 60634 IL Single Family Owner Occupied 12/25/1900 3/26/2004
34127407 CINCINNATI 45231 OH Single Family Owner Occupied 12/25/1900 3/31/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33687658 5/1/2004 4/1/2034 12/23/1900 185600 185600 5.625 870.00 6/1/2004 3/20/1900 0-29
33432972 5/1/2004 4/1/2034 358 148000 147974.58 5.875 724.58 6/1/2004 80 0-29
32716367 5/1/2004 4/1/2034 358 100000 100000 5.25 437.50 6/1/2004 80 0-29
33732868 5/1/2004 4/1/2034 358 176000 176000 5.875 861.67 6/1/2004 80 0-29
33945163 5/1/2004 4/1/2034 358 202550 201927.43 5.875 1,198.16 6/1/2004 95.00023451 0-29
33521675 5/1/2004 4/1/2034 358 328000 328000 6.125 1,674.17 6/1/2004 80 0-29
33948126 5/1/2004 4/1/2034 358 200000 200000 7 1,166.67 6/1/2004 80 0-29
33882366 5/1/2004 4/1/2034 358 219600 219600 7.125 1,303.88 6/1/2004 90 0-29
33540055 5/1/2004 4/1/2034 358 53000 52902.98 8.5 407.53 6/1/2004 100 0-29
33118084 5/1/2004 4/1/2034 358 256750 255960.83 5.875 1,518.78 6/1/2004 65 0-29
34104463 5/1/2004 4/1/2034 358 252000 252000 5.625 1,181.25 6/1/2004 80 0-29
33741919 5/1/2004 4/1/2034 358 192000 192000 6.99 1,118.40 6/1/2004 78.36734694 0-29
33535469 5/1/2004 4/1/2034 358 86650 86650 7.875 568.64 6/1/2004 89.97923157 0-29
33366865 5/1/2004 4/1/2034 357 128000 127759.63 8.375 972.90 7/1/2004 89.51048951 0-29
33236142 5/1/2004 4/1/2034 358 112500 112495.28 6.375 597.66 6/1/2004 77.5862069 0-29
33762444 5/1/2004 4/1/2034 358 630000 628017.25 5.75 3,676.51 6/1/2004 90 0-29
33818089 5/1/2004 4/1/2034 357 107200 107117.72 5.5 491.33 7/1/2004 80 0-29
32677601 5/1/2004 4/1/2034 357 51200 51186.97 5.25 224.00 7/1/2004 80 0-29
34046961 5/1/2004 4/1/2034 358 180500 179983.52 6.25 1,111.37 6/1/2004 95 0-29
32913121 5/1/2004 4/1/2034 358 57650 57520.84 7.5 403.10 6/1/2004 79.95839112 0-29
33234659 5/1/2004 4/1/2034 358 166250 166250 7.25 1,004.43 6/1/2004 95 0-29
33962739 5/1/2004 4/1/2034 358 140000 140000 5.125 597.92 6/1/2004 80 0-29
33036518 5/1/2004 4/1/2034 358 40400 40278.5 5.99 241.96 6/1/2004 80 0-29
33827635 5/1/2004 4/1/2034 358 142000 141648.76 7 944.73 6/1/2004 66.98113208 0-29
33452384 5/1/2004 4/1/2034 358 63000 63000 7.375 387.19 6/1/2004 78.75 0-29
33533209 5/1/2004 4/1/2034 358 113400 113400 7.875 744.19 6/1/2004 90 0-29
33815341 5/1/2004 4/1/2034 358 90800 90800 6.25 472.92 6/1/2004 80 0-29
33512328 5/1/2004 4/1/2034 358 317500 317400 6.5 1,719.79 6/1/2004 90.71428571 0-29
33116666 5/1/2004 4/1/2034 358 160000 160000 6.25 833.33 6/1/2004 80 0-29
33468844 5/1/2004 4/1/2034 358 251100 251100 6.75 1,412.44 6/1/2004 90 0-29
34102616 5/1/2004 4/1/2034 358 276000 276000 6.125 1,408.75 6/1/2004 80 0-29
33729062 5/1/2004 4/1/2034 357 400000 400000 6.375 2,125.00 7/1/2004 80 0-29
33827080 5/1/2004 4/1/2034 358 120000 119688.29 6.75 778.32 6/1/2004 42.10526316 0-29
4000102716 5/1/2004 4/1/2034 358 213750 213750 5.999 1,068.57 6/1/2004 95 0-29
33533860 5/1/2004 4/1/2034 358 134500 134167.29 7 894.84 6/1/2004 61.13636364 0-29
33982729 5/1/2004 4/1/2034 358 125400 125399.98 6.25 653.13 6/1/2004 95 0-29
33813452 5/1/2004 4/1/2034 358 114300 114071.66 8.25 858.70 6/1/2004 90 0-29
33944935 5/1/2004 4/1/2034 358 309600 309600 5.125 1,322.25 6/1/2004 79.99896642 0-29
4000127616 5/1/2004 4/1/2034 357 180350 179950 7.999 1,202.18 7/1/2004 89.99500998 0-29
33150129 5/1/2004 4/1/2034 358 150700 150700 5.625 706.41 6/1/2004 79.97877139 0-29
33922204 5/1/2004 4/1/2034 358 182200 181811.7 7.75 1,305.31 6/1/2004 79.2173913 0-29
33743410 5/1/2004 4/1/2034 358 223960 223960 6.375 1,189.79 6/1/2004 80 0-29
33732249 5/1/2004 4/1/2034 358 152100 152100 6.875 871.41 6/1/2004 90 0-29
32676173 5/1/2004 4/1/2034 358 50000 49806.57 6.625 320.16 6/1/2004 60.97560976 0-29
33115783 5/1/2004 4/1/2034 358 185000 184850.36 6.25 963.54 6/1/2004 94.87179487 0-29
33433053 5/1/2004 4/1/2034 358 221600 220902.56 5.75 1,293.20 6/1/2004 80 0-29
33289554 5/1/2004 4/1/2034 358 241600 241600 6 1,208.00 6/1/2004 80 0-29
33427014 5/1/2004 4/1/2034 357 90150 89937.72 7.25 614.99 7/1/2004 94.9947313 0-29
33217118 5/1/2004 4/1/2034 358 134100 134100 7.875 880.03 6/1/2004 90 0-29
33418393 5/1/2004 4/1/2034 358 119100 119100 4.875 483.84 6/1/2004 79.98656817 0-29
33767799 5/1/2004 4/1/2034 358 286000 285219.99 6.5 1,807.72 6/1/2004 73.33333333 0-29
33218686 5/1/2004 4/1/2034 358 156550 156550 7 913.21 6/1/2004 84.99837116 0-29
33686510 5/1/2004 4/1/2034 358 238000 238000 6 1,190.00 6/1/2004 67.04225352 0-29
4000118348 5/1/2004 4/1/2034 358 216000 215320.19 5.75 1,260.52 6/1/2004 80 0-29
33815663 5/1/2004 4/1/2034 357 111960 111920 5.75 536.28 7/1/2004 80.02859185 0-29
33805128 5/1/2004 4/1/2034 357 131900 131589.42 7.25 899.80 7/1/2004 79.98787144 0-29
33204868 5/1/2004 4/1/2034 357 83000 83000 7.5 518.75 7/1/2004 64.34108527 0-29
33507369 5/1/2004 4/1/2034 358 225000 224999.99 6.25 1,171.88 6/1/2004 94.98480243 0-29
33446642 5/1/2004 4/1/2034 358 586700 585176.04 6.75 3,805.33 6/1/2004 73.3375 0-29
33712340 5/1/2004 4/1/2034 358 243000 242469 7.625 1,719.94 6/1/2004 90 0-29
33520644 5/1/2004 4/1/2034 357 264000 264000 5.625 1,237.50 7/1/2004 80 0-29
33540931 5/1/2004 4/1/2034 358 71250 71098.14 7.75 510.45 6/1/2004 95 0-29
4000128309 5/1/2004 4/1/2034 357 275500 274673.1 6 1,651.76 7/1/2004 95 0-29
34127407 5/1/2004 4/1/2034 357 139500 139171.54 7.25 951.64 7/1/2004 100 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33687658 6ML 4.375 3 5.625 11.625 24 6 mo.s interest less 20% obal 4/1/2006 1/6/1900
33432972 6ML 4.375 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32716367 6ML 3.875 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33732868 6ML 3.625 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33945163 6ML 5.25 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33521675 6ML 4.375 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33948126 6ML 5.375 3 7 13 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33882366 6ML 5.875 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33540055 6ML 6 3 8.5 14.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33118084 6ML 4.875 3 5.875 11.875 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
34104463 6ML 3.625 3 5.625 11.625 1/12/1900 6 mo.s interest less 20% obal 4/1/2009 6
33741919 6ML 5.375 3 6.99 12.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33535469 6ML 6.625 3 7.875 13.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33366865 6ML 7.5 3 8.375 14.375 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33236142 6ML 4.25 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33762444 6ML 4.5 3 5.75 11.75 1/0/1900 None 4/1/2006 6
33818089 6ML 4.125 3 5.5 11.5 1/0/1900 None 4/1/2006 6
32677601 6ML 4.5 3 5.25 11.25 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
34046961 6ML 5.875 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32913121 6ML 6.125 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33234659 6ML 5.75 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33962739 6ML 3.5 3 5.125 11.125 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33036518 6ML 3.375 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33827635 6ML 4.625 3 7 13 1/0/1900 None 4/1/2006 6
33452384 6ML 5.5 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33533209 6ML 6.625 3 7.875 13.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33815341 6ML 5.125 3 6.25 12.25 1/0/1900 None 4/1/2006 6
33512328 6ML 5.5 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33116666 6ML 5.125 3 6.25 12.25 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33468844 6ML 4.625 3 6.75 12.75 1/0/1900 None 4/1/2006 6
34102616 6ML 4.625 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33729062 6ML 4.375 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33827080 6ML 5 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000102716 6ML 5.125 3 5.999 11.999 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33533860 6ML 5.5 3 7 13 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33982729 6ML 5.125 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33813452 6ML 5.5 3 8.25 14.25 1/0/1900 None 4/1/2006 6
33944935 6ML 3.75 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000127616 6ML 6.625 3 7.999 14 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33150129 6ML 4.5 3 5.625 11.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33922204 6ML 6.375 3 7.75 13.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33743410 6ML 4.5 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33732249 6ML 5.375 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32676173 6ML 5.125 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33115783 6ML 5.75 3 6.25 12.25 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33433053 6ML 4.375 3 5.75 11.75 1/0/1900 None 4/1/2006 6
33289554 6ML 4.75 3 6 12 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33427014 6ML 5.375 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33217118 6ML 6 3 7.875 13.875 1/0/1900 None 4/1/2006 6
33418393 6ML 3.375 3 4.875 10.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33767799 6ML 5.25 3 6.5 12.5 1/0/1900 None 4/1/2006 6
33218686 6ML 5.875 3 7 13 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33686510 6ML 4.5 3 6 12 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000118348 6ML 4.375 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33815663 6ML 4.5 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33805128 6ML 4.5 3 7.25 13.25 1/0/1900 None 4/1/2006 6
33204868 6ML 5.375 3 7.5 13.5 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33507369 6ML 5.375 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33446642 6ML 4.25 3 6.75 12.75 1/0/1900 None 4/1/2006 6
33712340 6ML 6 3 7.625 13.625 1/0/1900 None 4/1/2006 6
33520644 6ML 4.125 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33540931 6ML 7.125 3 7.75 13.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
4000128309 6ML 5.75 3 6 12 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
34127407 6ML 5 3 7.25 13.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33687658 6 Purchase N Y 60
33432972 6 Purchase N Y 60
32716367 6 Purchase N Y 60
33732868 6 C/O Refi N Y 60
33945163 6 R/T Refi N N 0
33521675 6 Purchase N Y 60
33948126 6 C/O Refi N Y 60
33882366 6 C/O Refi N Y 60
33540055 6 Purchase N N 0
33118084 6 C/O Refi N N 0
34104463 6 Purchase N Y 60
33741919 6 C/O Refi N Y 60
33535469 6 Purchase N Y 60
33366865 6 C/O Refi N N 0
33236142 6 C/O Refi N Y 60
33762444 6 Purchase N N 0
33818089 6 Purchase N Y 60
32677601 6 Purchase N Y 60
34046961 6 Purchase N N 0
32913121 6 Purchase N N 0
33234659 6 C/O Refi N Y 60
33962739 6 Purchase N Y 60
33036518 6 Purchase N N 0
33827635 6 C/O Refi N N 0
33452384 6 C/O Refi N Y 60
33533209 6 Purchase N Y 60
33815341 6 Purchase N Y 60
33512328 6 C/O Refi N Y 60
33116666 6 C/O Refi N Y 60
33468844 6 Purchase N Y 60
34102616 6 Purchase N Y 60
33729062 6 Purchase N Y 60
33827080 6 C/O Refi N N 0
4000102716 6 C/O Refi N Y 60
33533860 6 R/T Refi N N 0
33982729 6 C/O Refi N Y 60
33813452 6 Purchase N N 0
33944935 6 Purchase N Y 60
4000127616 6 R/T Refi N Y 60
33150129 6 Purchase N Y 60
33922204 6 C/O Refi N N 0
33743410 6 Purchase N Y 60
33732249 6 Purchase N Y 60
32676173 6 C/O Refi N N 0
33115783 6 C/O Refi N Y 60
33433053 6 C/O Refi N N 0
33289554 6 Purchase N Y 60
33427014 6 Purchase N N 0
33217118 6 Purchase N Y 60
33418393 6 Purchase N Y 60
33767799 6 C/O Refi N N 0
33218686 6 Purchase N Y 60
33686510 6 C/O Refi N Y 60
4000118348 6 R/T Refi N N 0
33815663 6 Purchase N Y 60
33805128 6 Purchase N N 0
33204868 6 C/O Refi N Y 60
33507369 6 Purchase N Y 60
33446642 6 C/O Refi N N 0
33712340 6 C/O Refi N N 0
33520644 6 Purchase N Y 60
33540931 6 Purchase N N 0
4000128309 6 C/O Refi N N 0
34127407 6 Purchase N N 0
D-1-37
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33948712 TEMECULA 92592 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33845496 SALT LAKE CITY 84109 UT Condo Owner Occupied 12/25/1900 3/30/2004
33236340 LAS VEGAS 89131 NV PUD Owner Occupied 12/25/1900 3/26/2004
32884884 MARYSVILLE 95901 CA Single Family Owner Occupied 12/25/1900 3/8/2004
33095928 DERRY 3038 NH Single Family Owner Occupied 12/25/1900 3/29/2004
33623448 FLINT 48503 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33809682 MEMPHIS 38119 TN PUD Owner Occupied 12/25/1900 3/25/2004
33546086 MURRIETA 92562 CA Single Family Owner Occupied 12/25/1900 3/25/2004
32236184 TAYLORSVILLE 84118 UT Single Family Owner Occupied 12/25/1900 3/29/2004
33523739 CELINA 45822 OH Condo Owner Occupied 12/25/1900 3/31/2004
32717365 TACOMA 98408 WA Single Family Owner Occupied 12/25/1900 3/19/2004
33705096 LAKE IN THE HILLS 60156 IL Single Family Owner Occupied 12/25/1900 3/31/2004
33905977 PALM BAY 32908 FL Single Family Owner Occupied 12/25/1900 4/5/2004
4000123529 LONGVIEW 98632 WA Single Family Owner Occupied 12/25/1900 3/25/2004
33813585 NORCROSS 30092 GA Single Family Owner Occupied 12/25/1900 3/26/2004
33599200 NACOGDOCHES 75965 TX Single Family Owner Occupied 12/25/1900 3/29/2004
33115171 COLUMBIA HEIGHTS 55421 MN Single Family Owner Occupied 12/25/1900 3/26/2004
33471574 CHINO 91710 CA PUD Owner Occupied 12/25/1900 3/23/2004
33539479 VERONA 15147 PA Single Family Owner Occupied 12/25/1900 3/26/2004
33432493 DALLAS 75248 TX Single Family Owner Occupied 12/25/1900 3/22/2004
33533233 ERLANGER 41018 KY Single Family Owner Occupied 12/25/1900 3/26/2004
33448879 SCRANTON 18505 PA Single Family Owner Occupied 12/25/1900 3/26/2004
33452699 PEMBERTON 8068 NJ Single Family Owner Occupied 12/25/1900 3/24/2004
33523218 LANCASTER 43130 OH Single Family Owner Occupied 12/25/1900 3/26/2004
33117698 MONTICELLO 55362 MN Single Family Owner Occupied 12/25/1900 3/31/2004
32719247 AUBURN 98092 WA PUD Owner Occupied 12/25/1900 3/25/2004
33260530 HIALEAH 33015 FL Condo Owner Occupied 12/25/1900 3/31/2004
33923624 CLEVELAND HTS 44112 OH Single Family Owner Occupied 12/25/1900 3/25/2004
33946468 SAN DIEGO 92139 CA Condo Owner Occupied 12/25/1900 3/23/2004
32775959 BROOKLYN 11234 NY Single Family Owner Occupied 12/25/1900 3/25/2004
33944000 SAN DIEGO 92129 CA Single Family Owner Occupied 12/25/1900 3/17/2004
33555699 SAN DEIGO 92126 CA Condo Owner Occupied 12/25/1900 3/11/2004
32859092 GRESHAM 97030 OR Single Family Owner Occupied 12/25/1900 3/11/2004
33591173 SPRING 77373 TX PUD Owner Occupied 12/25/1900 3/26/2004
33232588 LAS VEGAS 89031 NV PUD Non-Owner Occupied 12/25/1900 3/18/2004
33726092 SANTA CLARITA 91387 CA Single Family Owner Occupied 12/25/1900 3/12/2004
33925462 NORTH RIDGEVILLE 44039 OH Single Family Owner Occupied 12/25/1900 3/24/2004
33983917 PEMBROKE PINES 33029 FL PUD Owner Occupied 12/25/1900 3/26/2004
33704024 FOREST PARK 60130 IL Multi Family - 2 Units Owner Occupied 12/25/1900 3/30/2004
33571043 PORTLAND 97203 OR Single Family Owner Occupied 12/25/1900 3/15/2004
33736265 LOS ANGELES 90043 CA Single Family Owner Occupied 12/25/1900 3/9/2004
33620279 ORLANDO 32822 FL PUD Owner Occupied 12/25/1900 3/26/2004
33942970 SAN DIEGO 92128 CA Condo Owner Occupied 12/25/1900 3/26/2004
33735820 CANYON LAKE 92587 CA PUD Owner Occupied 12/25/1900 3/17/2004
33519372 GRANADA HILLS 91344 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33731845 MURRIETA 92562 CA Single Family Owner Occupied 12/25/1900 3/25/2004
4000110947 CATHEDRAL CITY 92234 CA PUD Second Home 12/25/1900 3/29/2004
33944992 EL CAJON 92021 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33528845 HOWARD 43028 OH PUD Owner Occupied 12/25/1900 3/25/2004
33234212 HENDERSON 89074 NV PUD Owner Occupied 12/25/1900 3/18/2004
33822560 NORWALK 90650 CA Condo Owner Occupied 12/25/1900 3/15/2004
33347345 CHAPEL HILL 27517 NC PUD Owner Occupied 12/25/1900 3/25/2004
33339227 TRACY 95377 CA PUD Owner Occupied 12/25/1900 3/18/2004
33623364 PONTIAC 48341 MI Single Family Owner Occupied 12/25/1900 3/25/2004
33738824 LAKEWOOD 90712 CA Single Family Owner Occupied 12/25/1900 3/23/2004
34042838 GRAND PRAIRIE 75052 TX PUD Second Home 12/25/1900 3/24/2004
33883158 ESSEX 21221 MD Single Family Owner Occupied 12/25/1900 3/26/2004
33803180 MEMPHIS 38116 TN Condo Owner Occupied 12/25/1900 3/30/2004
33812918 LITHONIA 30058 GA Single Family Owner Occupied 12/25/1900 3/31/2004
33687914 BAKERSFIELD 93308 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33561390 SANTA CLARITA 91387 CA Single Family Owner Occupied 12/25/1900 3/19/2004
33965864 AURORA 80011 CO Single Family Owner Occupied 12/25/1900 3/26/2004
33091851 MOODUS 6469 CT Single Family Owner Occupied 12/25/1900 3/31/2004
33806795 MACON 31216 GA Single Family Owner Occupied 12/25/1900 3/25/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33948712 5/1/2004 4/1/2034 358 252000 251495.95 5.99 1,257.90 6/1/2004 78.75 0-29
33845496 5/1/2004 4/1/2034 358 108000 107986 5.125 461.25 6/1/2004 80 0-29
33236340 5/1/2004 4/1/2034 358 272000 272000 6 1,360.00 6/1/2004 80 0-29
32884884 5/1/2004 4/1/2034 358 193900 193900 5.99 967.88 6/1/2004 94.99500284 0-29
33095928 5/1/2004 4/1/2034 358 198400 198400 6 992.00 6/1/2004 80 0-29
33623448 5/1/2004 4/1/2034 358 85500 85330.05 8.625 665.02 6/1/2004 90 0-29
33809682 5/1/2004 4/1/2034 358 273820 273820 5.75 1,312.05 6/1/2004 79.99789648 0-29
33546086 5/1/2004 4/1/2034 358 302000 302000 6.25 1,572.92 6/1/2004 65.65217391 0-29
32236184 5/1/2004 4/1/2034 358 114400 114102.84 6.75 742.00 6/1/2004 80 0-29
33523739 5/1/2004 4/1/2034 358 90150 90128.81 6.375 478.92 6/1/2004 94.9947313 0-29
32717365 5/1/2004 4/1/2034 358 142500 142500 5.99 711.31 6/1/2004 91.93548387 0-29
33705096 5/1/2004 4/1/2034 358 151900 151900 6.125 775.32 6/1/2004 79.98946814 0-29
33905977 6/1/2004 5/1/2034 358 109800 109599.43 6.875 629.06 7/1/2004 90 0-29
4000123529 5/1/2004 4/1/2034 358 139650 139250.4 6.25 859.85 6/1/2004 95 0-29
33813585 5/1/2004 4/1/2034 358 224000 223396.1 6.625 1,434.30 6/1/2004 72.72727273 0-29
33599200 5/1/2004 4/1/2034 358 131100 130727.7 7.875 950.57 6/1/2004 95 0-29
33115171 5/1/2004 4/1/2034 358 169550 169260.73 8.875 1,349.02 6/1/2004 94.9859944 0-29
33471574 5/1/2004 4/1/2034 358 276250 276250 6.375 1,467.58 6/1/2004 83.71212121 0-29
33539479 5/1/2004 4/1/2034 358 108000 107781.14 8 792.47 6/1/2004 90 0-29
33432493 5/1/2004 4/1/2034 357 143200 142759.83 5.875 847.09 7/1/2004 80 0-29
33533233 5/1/2004 4/1/2034 358 133800 132515.13 7.5 935.55 6/1/2004 99.98131889 0-29
33448879 5/1/2004 4/1/2034 357 50650 50539.32 7.625 358.50 7/1/2004 89.96447602 0-29
33452699 5/1/2004 4/1/2034 358 108000 107758.01 7.5 755.16 6/1/2004 90 0-29
33523218 5/1/2004 4/1/2034 358 57600 57467.7 7.375 397.83 6/1/2004 80 0-29
33117698 5/1/2004 4/1/2034 358 266000 265988.46 5.625 1,246.88 6/1/2004 95 0-29
32719247 5/1/2004 4/1/2034 357 289900 289250.5 7.5 2,027.03 7/1/2004 100 0-29
33260530 5/1/2004 4/1/2034 358 111600 111599.99 6.625 616.13 6/1/2004 90 0-29
33923624 5/1/2004 4/1/2034 358 93600 93319.06 6 561.18 6/1/2004 72 0-29
33946468 5/1/2004 4/1/2034 358 171400 171400 6.375 910.56 6/1/2004 60.14035088 0-29
32775959 5/1/2004 4/1/2034 358 165000 164527.85 6.25 1,015.94 6/1/2004 43.42105263 0-29
33944000 5/1/2004 4/1/2034 358 260000 260000 6.375 1,381.25 6/1/2004 52.84552846 0-29
33555699 5/1/2004 4/1/2034 357 240000 240000 5.375 1,075.00 7/1/2004 80 0-29
32859092 5/1/2004 4/1/2034 357 122000 121712.74 7.25 832.26 7/1/2004 70.93023256 0-29
33591173 5/1/2004 4/1/2034 358 139256 138807.26 5.625 801.64 6/1/2004 79.99954042 0-29
33232588 5/1/2004 4/1/2034 358 162800 162800 6.375 864.88 6/1/2004 84.98243453 0-29
33726092 5/1/2004 4/1/2034 358 303900 303900 6.375 1,614.47 6/1/2004 79.99473546 0-29
33925462 5/1/2004 4/1/2034 358 136000 135679.8 7.25 927.76 6/1/2004 85 0-29
33983917 5/1/2004 4/1/2034 357 236000 236000 5.75 1,130.83 7/1/2004 80 0-29
33704024 5/1/2004 4/1/2034 358 389950 388709.38 7.125 2,627.17 6/1/2004 94.99390987 0-29
33571043 5/1/2004 4/1/2034 357 112000 112000 5.375 501.67 7/1/2004 80 0-29
33736265 5/1/2004 4/1/2034 357 260000 260000 4.5 975.00 7/1/2004 80 0-29
33620279 5/1/2004 4/1/2034 358 90750 90561.38 7.875 658.01 6/1/2004 75 0-29
33942970 5/1/2004 4/1/2034 359 176000 176000 4.99 731.87 6/1/2004 80 0-29
33735820 5/1/2004 4/1/2034 358 300300 300300 5.625 1,407.66 6/1/2004 79.99467235 0-29
33519372 5/1/2004 4/1/2034 359 308000 308000 5.25 1,347.50 5/1/2004 80 0-29
33731845 5/1/2004 4/1/2034 358 175000 174510.92 6.375 1,091.78 6/1/2004 56.08974359 0-29
4000110947 5/1/2004 4/1/2034 358 201850 201362.87 7.125 1,359.90 6/1/2004 84.98947368 0-29
33944992 5/1/2004 4/1/2034 357 279900 279860 4.375 1,020.47 7/1/2004 79.99428408 0-29
33528845 5/1/2004 4/1/2034 358 107200 106906.84 6.5 677.58 6/1/2004 80 0-29
33234212 5/1/2004 4/1/2034 358 120000 119946.47 6.375 637.50 6/1/2004 80 0-29
33822560 5/1/2004 4/1/2034 358 180000 179991.88 5.25 787.50 6/1/2004 80 0-29
33347345 5/1/2004 4/1/2034 358 186800 186401.92 7.75 1,338.26 6/1/2004 89.98073218 0-29
33339227 5/1/2004 4/1/2034 358 305750 305750 5.5 1,401.35 6/1/2004 79.99089556 0-29
33623364 5/1/2004 4/1/2034 358 104000 103984.86 5.625 487.50 6/1/2004 80 0-29
33738824 5/1/2004 4/1/2034 358 328000 328000 5.875 1,605.83 6/1/2004 80 0-29
34042838 5/1/2004 4/1/2034 358 136300 135765.9 6.625 872.75 6/1/2004 94.98919785 0-29
33883158 5/1/2004 4/1/2034 359 152000 152000 7.375 934.17 5/1/2004 82.60869565 0-29
33803180 5/1/2004 4/1/2034 358 56000 55909.9 9.125 455.64 6/1/2004 100 0-29
33812918 5/1/2004 4/1/2034 358 94800 94799.99 6.625 523.38 6/1/2004 80 0-29
33687914 5/1/2004 4/1/2034 358 141850 141850 5.625 664.92 6/1/2004 79.97316375 0-29
33561390 5/1/2004 4/1/2034 358 283200 283200 5.75 1,357.00 6/1/2004 80 0-29
33965864 5/1/2004 4/1/2034 358 154700 154651.66 7.5 966.88 6/1/2004 85 0-29
33091851 5/1/2004 4/1/2034 358 273400 273400 5.875 1,338.52 6/1/2004 80 0-29
33806795 5/1/2004 4/1/2034 358 122750 122750 7.5 767.19 6/1/2004 89.99266862 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33948712 6ML 4.625 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33845496 6ML 3.5 3 5.125 11.125 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33236340 6ML 4.875 3 6 12 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32884884 6ML 5.5 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33095928 6ML 5 3 6 12 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33623448 6ML 7.375 3 8.625 14.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33809682 6ML 4.375 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33546086 6ML 4.125 3 6.25 12.25 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
32236184 6ML 5.375 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33523739 6ML 5 3 6.375 12.375 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
32717365 6ML 4.875 3 5.99 11.99 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33705096 6ML 5 3 6.125 12.125 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33905977 6ML 5.625 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000123529 6ML 5.75 3 6.25 12.25 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33813585 6ML 5.25 3 6.625 12.625 1/0/1900 None 4/1/2006 6
33599200 6ML 6.625 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33115171 6ML 6.125 3 8.875 14.875 1/24/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33471574 6ML 4.875 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33539479 6ML 6.75 3 8 14 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33432493 6ML 3.875 3 5.875 11.875 1/0/1900 None 4/1/2009 6
33533233 6ML 5 3 7.5 13.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33448879 6ML 5.625 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33452699 6ML 6.25 3 7.5 13.5 1/0/1900 None 4/1/2006 6
33523218 6ML 5.75 3 7.375 13.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33117698 6ML 5.25 3 5.625 11.625 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
32719247 6ML 5.25 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33260530 6ML 5.375 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33923624 6ML 4.625 3 6 12 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33946468 6ML 3.875 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
32775959 6ML 5.75 3 6.25 12.25 1/0/1900 None 4/1/2006 6
33944000 6ML 4.75 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33555699 6ML 4.125 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32859092 6ML 5.5 3 7.25 13.25 1/12/1900 6 mo.s interest less 20% obal 4/1/2006 6
33591173 6ML 4.75 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33232588 6ML 4.5 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33726092 6ML 5.25 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33925462 6ML 6.375 3 7.25 13.25 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33983917 6ML 4.625 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33704024 6ML 6.125 3 7.125 13.125 1/0/1900 None 4/1/2006 6
33571043 6ML 3.75 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
33736265 6ML 3.375 3 4.5 10.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33620279 6ML 6.375 3 7.875 13.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33942970 6ML 3.5 3 4.99 10.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33735820 6ML 4.625 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33519372 6ML 3.875 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33731845 6ML 4.375 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000110947 6ML 4.375 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33944992 6ML 3.625 3 4.375 10.375 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33528845 6ML 5.25 3 6.5 12.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33234212 6ML 4.5 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33822560 6ML 3.625 3 5.25 11.25 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33347345 6ML 6.5 3 7.75 13.75 1/0/1900 None 4/1/2006 6
33339227 6ML 4.375 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33623364 6ML 4.25 3 5.625 11.625 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33738824 6ML 4.125 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
34042838 6ML 6.125 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33883158 6ML 5.875 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33803180 6ML 5.875 3 9.125 15.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33812918 6ML 4.5 3 6.625 12.625 1/0/1900 None 4/1/2009 6
33687914 6ML 3.625 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33561390 6ML 4 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33965864 6ML 6.125 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33091851 6ML 4.25 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33806795 6ML 6 3 7.5 13.5 1/0/1900 None 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------------------
33948712 6 C/O Refi N Y 60
33845496 6 Purchase N Y 60
33236340 6 C/O Refi N Y 60
32884884 6 Purchase N Y 60
33095928 6 Purchase N Y 60
33623448 6 C/O Refi N N 0
33809682 6 Purchase N Y 60
33546086 6 R/T Refi N Y 60
32236184 6 Purchase N N 0
33523739 6 Purchase N Y 60
32717365 6 R/T Refi N Y 60
33705096 6 Purchase N Y 60
33905977 6 C/O Refi N Y 60
4000123529 6 C/O Refi N N 0
33813585 6 C/O Refi N N 0
33599200 6 Purchase N N 0
33115171 6 Purchase N N 0
33471574 6 C/O Refi N Y 60
33539479 6 C/O Refi N N 0
33432493 6 C/O Refi N N 0
33533233 6 Purchase N N 0
33448879 6 Purchase N N 0
33452699 6 C/O Refi N N 0
33523218 6 C/O Refi N N 0
33117698 6 Purchase N Y 60
32719247 6 Purchase N N 0
33260530 6 Purchase N Y 60
33923624 6 C/O Refi 2/28 Dividend Loan N 0
33946468 6 C/O Refi N Y 60
32775959 6 C/O Refi N N 0
33944000 6 C/O Refi N Y 60
33555699 6 Purchase N Y 60
32859092 6 Purchase N N 0
33591173 6 Purchase N N 0
33232588 6 Purchase N Y 60
33726092 6 Purchase N Y 60
33925462 6 C/O Refi N N 0
33983917 6 Purchase N Y 60
33704024 6 Purchase N N 0
33571043 6 Purchase N Y 60
33736265 6 Purchase N Y 60
33620279 6 C/O Refi N N 0
33942970 6 Purchase N Y 60
33735820 6 Purchase N Y 60
33519372 6 Purchase N Y 60
33731845 6 C/O Refi N N 0
4000110947 6 Purchase N N 0
33944992 6 Purchase N Y 60
33528845 6 Purchase N N 0
33234212 6 C/O Refi N Y 60
33822560 6 Purchase N Y 60
33347345 6 R/T Refi N N 0
33339227 6 Purchase N Y 60
33623364 6 R/T Refi N Y 60
33738824 6 Purchase N Y 60
34042838 6 Purchase N N 0
33883158 6 C/O Refi N Y 60
33803180 6 Purchase N N 0
33812918 6 Purchase N Y 60
33687914 6 Purchase N Y 60
33561390 6 Purchase N Y 60
33965864 6 C/O Refi N Y 60
33091851 6 Purchase N Y 60
33806795 6 C/O Refi N Y 60
D-1-38
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33710617 MAYWOOD 60153 IL Single Family Owner Occupied 12/25/1900 3/30/2004
33320318 THORNTON 80260 CO Condo Owner Occupied 12/25/1900 3/30/2004
33472762 GROVER BEACH 93433 CA PUD Owner Occupied 12/25/1900 3/26/2004
33556168 EL CAJON 92020 CA Condo Owner Occupied 12/25/1900 3/26/2004
33942558 MERCED 95348 CA Single Family Owner Occupied 12/25/1900 3/25/2004
31159270 WALLINGFORD 41093 KY Single Family Owner Occupied 12/25/1900 3/29/2004
33006784 RUSHVILLE 46173 IN Single Family Owner Occupied 12/25/1900 3/29/2004
33623398 ALLEN PARK 48101 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33349788 CHARLOTTE 28213 NC Single Family Owner Occupied 12/25/1900 3/25/2004
4000119891 LUMBERTON 8048 NJ PUD Owner Occupied 12/25/1900 3/31/2004
34046524 WICHITA FALLS 76309 TX Single Family Owner Occupied 12/25/1900 3/31/2004
33113739 SAINT PAUL 55107 MN Single Family Owner Occupied 12/25/1900 3/26/2004
33368895 WATERFORD 48327 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33470550 LANCASTER 93536 CA Single Family Owner Occupied 12/25/1900 3/25/2004
34083592 PACOIMA 91331 CA Single Family Owner Occupied 12/25/1900 3/25/2004
33235094 HENDERSON 89052 NV PUD Owner Occupied 12/25/1900 3/26/2004
34043042 LONGVIEW 75601 TX Single Family Owner Occupied 12/25/1900 3/26/2004
33344250 MYRTLE BEACH 29588 SC Single Family Owner Occupied 12/25/1900 3/26/2004
33904707 GOTHA 34734 FL PUD Owner Occupied 12/25/1900 3/26/2004
32677791 OCONOMOWOC 53066 WI Single Family Owner Occupied 12/25/1900 3/31/2004
33815648 MEMPHIS 38135 TN Single Family Owner Occupied 12/25/1900 3/30/2004
33217472 MESA 85028 AZ PUD Owner Occupied 12/25/1900 3/25/2004
32675357 DETROIT 48205 MI Single Family Non-Owner Occupied 12/25/1900 4/5/2004
33447699 EASTON 18040 PA Single Family Owner Occupied 12/25/1900 3/26/2004
33909367 RIVERVIEW 33569 FL PUD Owner Occupied 12/25/1900 3/31/2004
33453101 PHILADELPHIA 19138 PA Single Family Owner Occupied 12/25/1900 3/24/2004
33511759 LOS ANGELES 90002 CA Single Family Non-Owner Occupied 12/25/1900 3/22/2004
33116781 MOUND 55364 MN Single Family Owner Occupied 12/25/1900 3/25/2004
33416512 WILDOMAR 92595 CA Single Family Owner Occupied 12/25/1900 3/17/2004
33842485 SALT LAKE CITY 84124 UT Single Family Owner Occupied 12/25/1900 3/23/2004
33842873 SALT LAKE CITY 84117 UT Single Family Non-Owner Occupied 12/25/1900 3/23/2004
33944588 SAN DIEGO 92114 CA Single Family Non-Owner Occupied 12/25/1900 3/24/2004
33233008 LAS VEGAS 89031 NV PUD Owner Occupied 12/25/1900 3/24/2004
33708777 TINLEY PARK 60477 IL Single Family Owner Occupied 12/25/1900 3/26/2004
4000128797 LOWELL 1852 MA Condo Owner Occupied 12/25/1900 3/31/2004
33623109 ROCHESTER HILLS 48309 MI Single Family Owner Occupied 12/25/1900 3/24/2004
33284969 SAN JOSE 95111 CA PUD Owner Occupied 12/25/1900 3/12/2004
33737412 POMONA 91768 CA Single Family Owner Occupied 12/25/1900 3/18/2004
33737859 LOS ANGELES 90022 CA Single Family Non-Owner Occupied 12/25/1900 3/25/2004
33740721 SAN BERNARDINO 92407 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33844515 SALT LAKE CITY 84103 UT Condo >4 Owner Occupied 12/25/1900 3/30/2004
33452194 PHILADELPHIA 19139 PA Single Family Owner Occupied 12/25/1900 3/26/2004
33623406 ANN ARBOR 48103 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33741760 CARMICHAEL 95608 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33346115 MONROE 28112 NC Single Family Owner Occupied 12/25/1900 3/26/2004
33707126 CHICAGO 60612 IL Condo Owner Occupied 12/25/1900 3/29/2004
33258385 CORAL SPRINGS 33065 FL Condo Owner Occupied 12/25/1900 3/26/2004
33703125 DOLTON 60419 IL Single Family Owner Occupied 12/25/1900 3/23/2004
33946559 SAN DIEGO 92154 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33467648 BIG BEAR CITY AREA 92314 CA Single Family Second Home 12/25/1900 3/5/2004
33816026 PORTLAND 37148 TN Single Family Owner Occupied 12/25/1900 3/25/2004
33098948 WATERBURY 6704 CT Single Family Owner Occupied 12/25/1900 3/31/2004
33964263 DENVER 80221 CO Single Family Owner Occupied 12/25/1900 3/31/2004
33984626 HOLLYWOOD 33028 FL PUD Owner Occupied 12/25/1900 3/26/2004
33598426 SPRING 77373 TX PUD Owner Occupied 12/25/1900 3/26/2004
33540022 WESTERVILLE 43082 OH Single Family Owner Occupied 12/25/1900 3/31/2004
33963075 BAILEY 80421 CO Single Family Owner Occupied 12/25/1900 3/26/2004
33561382 PICO RIVERA 90660 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33596545 HOUSTON 77017 TX Single Family Owner Occupied 12/25/1900 3/25/2004
33684424 PATTERSON 95363 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33685793 SANGER 93657 CA Single Family Owner Occupied 12/25/1900 3/19/2004
33826629 INDIO 92201 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33828336 SAN JACINTO 92582 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33233784 LAS VEGAS 89121 NV PUD Owner Occupied 12/25/1900 3/24/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33710617 5/1/2004 4/1/2034 359 130450 130164.94 7.625 923.32 5/1/2004 79.98160638 0-29
33320318 5/1/2004 4/1/2034 358 128800 128800 5.25 563.50 6/1/2004 80 0-29
33472762 5/1/2004 4/1/2034 357 293600 293600 4.75 1,162.17 7/1/2004 80 0-29
33556168 5/1/2004 4/1/2034 357 253600 253600 5.5 1,162.33 7/1/2004 80 0-29
33942558 5/1/2004 4/1/2034 358 269450 268561.15 5.5 1,529.91 6/1/2004 79.98919426 0-29
31159270 5/1/2004 4/1/2034 357 54400 54295.21 8.25 408.69 7/1/2004 80 0-29
33006784 5/1/2004 4/1/2034 357 42400 42300.16 7.25 289.25 7/1/2004 80 0-29
33623398 5/1/2004 4/1/2034 358 169650 169650 6.5 918.94 6/1/2004 90 0-29
33349788 5/1/2004 4/1/2034 358 71600 71435.53 7.375 494.53 6/1/2004 74.97382199 0-29
4000119891 5/1/2004 4/1/2034 358 168000 168000 5.25 735.00 6/1/2004 80 0-29
34046524 5/1/2004 4/1/2034 359 75600 75454.37 8.25 567.96 5/1/2004 90 0-29
33113739 5/1/2004 4/1/2034 358 130500 130207.62 7.5 912.48 6/1/2004 90 0-29
33368895 5/1/2004 4/1/2034 358 177000 177000 6.375 940.31 6/1/2004 90.76923077 0-29
33470550 5/1/2004 4/1/2034 358 280200 279617.68 7.875 2,031.65 6/1/2004 94.98305085 0-29
34083592 5/1/2004 4/1/2034 358 282400 282400 5 1,176.67 6/1/2004 80 0-29
33235094 5/1/2004 4/1/2034 358 272000 272000 6.625 1,501.67 6/1/2004 85 0-29
34043042 5/1/2004 4/1/2034 358 118550 118315.75 8.125 880.24 6/1/2004 84.98207885 0-29
33344250 5/1/2004 4/1/2034 358 132000 131725.65 7.875 957.10 6/1/2004 80 0-29
33904707 5/1/2004 4/1/2034 358 137250 137222.58 6.875 786.33 6/1/2004 94.98269896 0-29
32677791 5/1/2004 4/1/2034 359 232000 232000 6 1,160.00 5/1/2004 80 0-29
33815648 5/1/2004 4/1/2034 358 110240 109383.95 7 733.43 6/1/2004 80 0-29
33217472 5/1/2004 4/1/2034 358 192000 191525.07 7 1,277.39 6/1/2004 80 0-29
32675357 6/1/2004 5/1/2034 359 79050 79050 7.625 502.30 6/1/2004 85 0-29
33447699 5/1/2004 4/1/2034 358 210000 209513.59 7.625 1,486.37 6/1/2004 70 0-29
33909367 5/1/2004 4/1/2034 358 135900 135900 6.25 707.81 6/1/2004 79.98822837 0-29
33453101 5/1/2004 4/1/2034 358 45000 45000 6.5 243.75 6/1/2004 56.25 0-29
33511759 5/1/2004 4/1/2034 358 143200 143200 6.625 790.58 6/1/2004 80 0-29
33116781 5/1/2004 4/1/2034 358 191250 191150 5.375 856.64 6/1/2004 85 0-29
33416512 5/1/2004 4/1/2034 358 275000 274996.53 6.5 1,489.58 6/1/2004 83.33333333 0-29
33842485 5/1/2004 4/1/2034 358 265050 265050 6.75 1,490.91 6/1/2004 95 0-29
33842873 5/1/2004 4/1/2034 358 192000 192000 7.125 1,140.00 6/1/2004 80 0-29
33944588 5/1/2004 4/1/2034 358 280500 279771.39 6.75 1,819.32 6/1/2004 85 0-29
33233008 5/1/2004 4/1/2034 357 205600 204981.7 5.99 1,231.36 7/1/2004 80 0-29
33708777 5/1/2004 4/1/2034 359 156000 155650.48 7.5 1,090.78 5/1/2004 80 0-29
4000128797 5/1/2004 4/1/2034 358 142400 142400 6.375 756.50 6/1/2004 94.99666444 0-29
33623109 5/1/2004 4/1/2034 358 160550 160179.99 7.375 1,108.88 6/1/2004 95 0-29
33284969 5/1/2004 4/1/2034 358 333600 333538.25 5.375 1,494.25 6/1/2004 80 0-29
33737412 5/1/2004 4/1/2034 357 238000 238000 5.99 1,188.02 7/1/2004 85 0-29
33737859 5/1/2004 4/1/2034 358 228000 228000 6.125 1,163.75 6/1/2004 80 0-29
33740721 5/1/2004 4/1/2034 358 130400 130400 5.5 597.67 6/1/2004 80 0-29
33844515 5/1/2004 4/1/2034 358 110000 108800 6.25 572.92 6/1/2004 52.38095238 0-29
33452194 5/1/2004 4/1/2034 357 36000 35943.56 9.25 296.17 7/1/2004 80.17817372 0-29
33623406 5/1/2004 4/1/2034 358 184500 184020.74 6.75 1,196.67 6/1/2004 75 0-29
33741760 5/1/2004 4/1/2034 358 178500 178003.2 6.5 1,128.25 6/1/2004 70 0-29
33346115 5/1/2004 4/1/2034 358 213750 213750 6.375 1,135.55 6/1/2004 94.57964602 0-29
33707126 5/1/2004 4/1/2034 358 213600 213600 5.875 1,045.75 6/1/2004 80 0-29
33258385 5/1/2004 4/1/2034 358 76500 76500 7.625 486.09 6/1/2004 90 0-29
33703125 5/1/2004 4/1/2034 358 72250 72096.02 7.75 517.61 6/1/2004 85 0-29
33946559 5/1/2004 4/1/2034 358 189800 189229.22 5.99 1,136.73 6/1/2004 43.25630156 0-29
33467648 5/1/2004 4/1/2034 358 171000 170485.75 5.99 1,024.14 6/1/2004 95 0-29
33816026 5/1/2004 4/1/2034 358 108000 107690.96 6.25 664.98 6/1/2004 80 0-29
33098948 5/1/2004 4/1/2034 358 109250 108929.8 6.125 663.82 6/1/2004 95 0-29
33964263 5/1/2004 4/1/2034 358 152000 152000 5.25 665.00 6/1/2004 80 0-29
33984626 5/1/2004 4/1/2034 358 301500 301413.63 6.875 1,727.34 6/1/2004 90 0-29
33598426 5/1/2004 4/1/2034 358 157900 157563.49 7.75 1,131.22 6/1/2004 89.98432825 0-29
33540022 5/1/2004 4/1/2034 358 245000 244277.64 7.5 1,713.08 6/1/2004 100 0-29
33963075 5/1/2004 4/1/2034 358 164000 163951.25 6.5 888.33 6/1/2004 80 0-29
33561382 5/1/2004 4/1/2034 358 290000 289979.11 5.75 1,389.58 6/1/2004 67.44186047 0-29
33596545 5/1/2004 4/1/2034 358 53950 53835.01 7.75 386.51 6/1/2004 59.94444444 0-29
33684424 5/1/2004 4/1/2034 359 181900 181900 5.875 890.55 5/1/2004 80.84444444 0-29
33685793 5/1/2004 4/1/2034 358 174000 173580.06 7.125 1,172.28 6/1/2004 100 0-29
33826629 5/1/2004 4/1/2034 358 153000 153000 5.875 749.06 6/1/2004 79.6875 0-29
33828336 5/1/2004 4/1/2034 358 199900 199899.2 5.375 895.39 6/1/2004 79.9919968 0-29
33233784 5/1/2004 4/1/2034 358 115000 115000 7.25 694.79 6/1/2004 69.48640483 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33710617 6ML 6 3 7.625 13.625 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33320318 6ML 3.75 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33472762 6ML 3.5 3 4.75 10.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33556168 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33942558 6ML 4.875 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
31159270 6ML 6.875 3 8.25 14.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33006784 6ML 6 3 7.25 13.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33623398 6ML 5.875 3 6.5 12.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33349788 6ML 5.75 3 7.375 13.375 1/0/1900 None 4/1/2006 6
4000119891 6ML 3.5 3 5.25 11.25 1/0/1900 None 4/1/2009 6
34046524 6ML 7.25 3 8.25 14.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33113739 6ML 5.625 3 7.5 13.5 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33368895 6ML 5.25 3 6.375 12.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33470550 6ML 5.5 3 7.875 13.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
34083592 6ML 3.75 3 5 11 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33235094 6ML 5.625 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
34043042 6ML 7.25 3 8.125 14.125 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33344250 6ML 6.25 3 7.875 13.875 1/0/1900 None 4/1/2006 6
33904707 6ML 6.375 3 6.875 12.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
32677791 6ML 5.25 3 6 12 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33815648 6ML 6 3 7 13 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33217472 6ML 5.875 3 7 13 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32675357 6ML 5.75 3 7.625 13.625 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2007 6
33447699 6ML 6.125 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33909367 6ML 4.875 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33453101 6ML 4.75 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33511759 6ML 3.75 3 6.625 12.625 1/0/1900 None 4/1/2006 6
33116781 6ML 4.375 3 5.375 11.375 2/5/1900 min (2% prepaid, 60 days interest) 4/1/2006 6
33416512 6ML 4.625 3 6.5 12.5 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33842485 6ML 5.625 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33842873 6ML 5 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33944588 6ML 4 3 6.75 12.75 1/0/1900 None 4/1/2006 6
33233008 6ML 3.625 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33708777 6ML 5.75 3 7.5 13.5 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
4000128797 6ML 5 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33623109 6ML 6.5 3 7.375 13.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33284969 6ML 4.25 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33737412 6ML 5 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33737859 6ML 3.5 3 6.125 12.125 1/0/1900 None 4/1/2006 6
33740721 6ML 4 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33844515 6ML 4.375 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33452194 6ML 6.75 3 9.25 15.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33623406 6ML 5.75 3 6.75 12.75 36 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33741760 6ML 5 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33346115 6ML 5.25 3 6.375 12.375 1/0/1900 None 4/1/2006 6
33707126 6ML 4.375 3 5.875 11.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33258385 6ML 6.125 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33703125 6ML 5.625 3 7.75 13.75 1/0/1900 None 4/1/2007 6
33946559 6ML 4.125 3 5.99 11.99 36 6 mo.s interest less 20% obal 4/1/2009 6
33467648 6ML 5.125 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33816026 6ML 5.375 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33098948 6ML 5.125 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33964263 6ML 4.375 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33984626 6ML 5.5 3 6.875 12.875 24 6 mo.s interest less 20% obal 4/1/2009 6
33598426 6ML 7 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33540022 6ML 5.25 3 7.5 13.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33963075 6ML 5.375 3 6.5 12.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33561382 6ML 3.375 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33596545 6ML 6 3 7.75 13.75 1/0/1900 None 4/1/2006 6
33684424 6ML 4.75 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33685793 6ML 5.25 3 7.125 13.125 2/5/1900 6 mo.s interest less 20% obal 4/1/2006 6
33826629 6ML 4.125 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33828336 6ML 4 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33233784 6ML 5.5 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33710617 6 Purchase N N 0
33320318 6 Purchase N Y 60
33472762 6 Purchase N Y 60
33556168 6 Purchase N Y 60
33942558 6 Purchase N N 0
31159270 6 Purchase N N 0
33006784 6 Purchase N N 0
33623398 6 C/O Refi N Y 60
33349788 6 C/O Refi N N 0
4000119891 6 Purchase N Y 60
34046524 6 Purchase N N 0
33113739 6 R/T Refi N N 0
33368895 6 C/O Refi N Y 60
33470550 6 Purchase N N 0
34083592 6 Purchase N Y 60
33235094 6 Purchase N Y 60
34043042 6 Purchase N N 0
33344250 6 Purchase N N 0
33904707 6 Purchase N Y 60
32677791 6 Purchase N Y 60
33815648 6 Purchase N N 0
33217472 6 Purchase N N 0
32675357 6 Purchase N Y 60
33447699 6 Purchase N N 0
33909367 6 Purchase N Y 60
33453101 6 C/O Refi N Y 60
33511759 6 C/O Refi N Y 60
33116781 6 R/T Refi N Y 60
33416512 6 C/O Refi N Y 60
33842485 6 C/O Refi N Y 60
33842873 6 C/O Refi N Y 60
33944588 6 Purchase N N 0
33233008 6 Purchase N N 0
33708777 6 C/O Refi N N 0
4000128797 6 Purchase N Y 60
33623109 6 C/O Refi N N 0
33284969 6 Purchase N Y 60
33737412 6 Purchase N Y 60
33737859 6 C/O Refi N Y 60
33740721 6 Purchase N Y 60
33844515 6 Purchase N Y 60
33452194 6 Purchase N N 0
33623406 6 C/O Refi N N 0
33741760 6 C/O Refi N N 0
33346115 6 R/T Refi N Y 60
33707126 6 Purchase N Y 60
33258385 6 Purchase N Y 60
33703125 6 C/O Refi N N 0
33946559 6 R/T Refi N N 0
33467648 6 Purchase N N 0
33816026 6 Purchase N N 0
33098948 6 Purchase N N 0
33964263 6 Purchase N Y 60
33984626 6 C/O Refi N Y 60
33598426 6 Purchase N N 0
33540022 6 Purchase N N 0
33963075 6 Purchase N Y 60
33561382 6 C/O Refi N Y 60
33596545 6 C/O Refi N N 0
33684424 6 Purchase N Y 60
33685793 6 Purchase N N 0
33826629 6 C/O Refi N Y 60
33828336 6 Purchase N Y 60
33233784 6 C/O Refi N Y 60
D-1-39
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33686304 FRESNO 93728 CA Single Family Owner Occupied 12/25/1900 3/25/2004
32476061 CAMPBELL 44405 OH Single Family Owner Occupied 12/25/1900 3/26/2004
33731266 (ARLETA AREA) LOS ANGELES 91331 CA Single Family Owner Occupied 12/25/1900 3/18/2004
33724345 SAN JACINTO 92583 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33944695 SAN DIEGO 92139 CA Single Family Owner Occupied 12/25/1900 3/26/2004
4000087061 NAPLES 34113 FL Condo Non-Owner Occupied 12/25/1900 3/24/2004
33572033 CORVALLIS 97333 OR Single Family Non-Owner Occupied 12/25/1900 3/24/2004
33786963 RICHMOND 94804 CA Condo Owner Occupied 12/25/1900 3/29/2004
33319773 GREELEY 80634 CO Condo Owner Occupied 12/25/1900 3/26/2004
33762790 DELMAR 12054 NY Single Family Owner Occupied 12/25/1900 3/29/2004
4000118291 LAS VEGAS 89117 NV Single Family Owner Occupied 12/25/1900 3/22/2004
33258682 HOLIDAY 34691 FL Single Family Owner Occupied 12/25/1900 3/25/2004
32717373 PORT ANGELES 98362 WA Single Family Owner Occupied 12/25/1900 3/23/2004
33883042 SPOTSYLVANIA 22553 VA PUD Owner Occupied 12/25/1900 3/25/2004
33100389 WOONSOCKET 2895 RI Multi Family - 4 Units Owner Occupied 12/25/1900 3/31/2004
4000083958 YUKON 73099 OK Single Family Owner Occupied 12/25/1900 3/20/2004
33966185 WINDSOR 80550 CO Single Family Owner Occupied 12/25/1900 3/26/2004
33947482 VISTA 92083 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33532607 DEFIANCE 43512 OH Single Family Owner Occupied 12/25/1900 3/19/2004
4000091751 NEW CASTLE 19720 DE Single Family Owner Occupied 12/25/1900 3/31/2004
32919375 WEST VALLEY CITY 84128 UT Single Family Owner Occupied 12/25/1900 3/23/2004
33259870 MIAMI 33126 FL Single Family Owner Occupied 12/25/1900 3/31/2004
33904376 ORLANDO 32807 FL Single Family Owner Occupied 12/25/1900 3/26/2004
33258617 JACKSONVILLE 32258 FL PUD Owner Occupied 12/25/1900 3/30/2004
33345927 RALEIGH 27614 NC PUD Owner Occupied 12/25/1900 3/30/2004
33370859 ROSEVILLE 48066 MI Single Family Owner Occupied 12/25/1900 3/26/2004
33556606 CHULA VISTA 91915 CA Condo Owner Occupied 12/25/1900 3/25/2004
33232927 HENDERSON 89015 NV Single Family Owner Occupied 12/25/1900 3/16/2004
33906835 PINELLAS PARK 33782 FL PUD Owner Occupied 12/25/1900 3/26/2004
33113762 ISANTI 55040 MN Single Family Owner Occupied 12/25/1900 4/1/2004
33736885 GILBERT 85296 AZ PUD Owner Occupied 12/25/1900 3/19/2004
33571472 VANCOUVER 98682 WA Single Family Owner Occupied 12/25/1900 3/10/2004
34105031 RIVERSIDE 92509 CA Single Family Owner Occupied 12/25/1900 3/24/2004
31141443 MOUNT VERNON 40456 KY Single Family Owner Occupied 12/25/1900 3/30/2004
33786062 PITTSBURG 94565 CA PUD Owner Occupied 12/25/1900 3/23/2004
33619917 ORLANDO 32828 FL PUD Owner Occupied 12/25/1900 3/24/2004
33094673 EAST HAVEN 6512 CT Single Family Owner Occupied 12/25/1900 3/26/2004
33553330 FALLBROOK 92028 CA Single Family Owner Occupied 12/25/1900 3/11/2004
33532664 NAPOLEON 43545 OH Single Family Owner Occupied 12/25/1900 3/31/2004
32715401 RENTON 98058 WA Condo Owner Occupied 12/25/1900 3/15/2004
33432139 PLANO 75093 TX PUD Owner Occupied 12/25/1900 3/23/2004
33711839 PLEASANT PRAIRIE 53142 WI Single Family Owner Occupied 12/25/1900 3/25/2004
33741810 LONG BEACH 90813 CA Multi Family - 2 Units Owner Occupied 12/25/1900 3/29/2004
33785726 HERCULES 94547 CA Condo Owner Occupied 12/25/1900 3/19/2004
33810359 CLARKSVILLE 37043 TN Single Family Owner Occupied 12/25/1900 3/30/2004
4000092238 FLINT 48507 MI Single Family Owner Occupied 12/25/1900 3/25/2004
33452806 SOUTHAMPTON 8088 NJ Single Family Owner Occupied 12/25/1900 3/26/2004
33703380 LYNWOOD 60411 IL Single Family Owner Occupied 12/25/1900 3/26/2004
33737057 DESERT HOT SPRINGS 92240 CA Single Family Owner Occupied 12/25/1900 3/17/2004
33842725 MERIDIAN 83642 ID PUD Owner Occupied 12/25/1900 3/23/2004
33463381 SANTA CLARITA AREA 91354 CA Condo Owner Occupied 12/25/1900 3/15/2004
33737404 SANTA ANA 92701 CA Single Family Owner Occupied 12/25/1900 3/22/2004
33813924 LAVERGNE 37086 TN Single Family Owner Occupied 12/25/1900 3/26/2004
33967043 FIRESTONE 80520 CO PUD Owner Occupied 12/25/1900 3/31/2004
33519471 SOUTH GATE 90280 CA Multi Family - 2 Units Owner Occupied 12/25/1900 3/19/2004
33098674 MONTCLAIR 7043 NJ Single Family Owner Occupied 12/25/1900 4/9/2004
33519125 HESPERIA 92345 CA Single Family Owner Occupied 12/25/1900 3/23/2004
33812603 MILLINGTON 38053 TN Single Family Owner Occupied 12/25/1900 3/30/2004
33827981 APPLE VALLEY 92307 CA Single Family Owner Occupied 12/25/1900 3/24/2004
33092198 DEDHAM 2026 MA Condo Owner Occupied 12/25/1900 3/26/2004
33523192 COLUMBUS 43230 OH Condo Owner Occupied 12/25/1900 3/24/2004
33370750 FOWERVILLE 48836 MI Condo Owner Occupied 12/25/1900 3/31/2004
32476343 ELYRIA 44035 OH Single Family Owner Occupied 12/25/1900 3/26/2004
33091364 MONSON 1057 MA Single Family Owner Occupied 12/25/1900 3/22/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33686304 5/1/2004 4/1/2034 357 125250 124932.5 6.875 822.81 7/1/2004 75 0-29
32476061 5/1/2004 4/1/2034 358 85500 85322.3 7.875 619.94 6/1/2004 90 0-29
33731266 5/1/2004 4/1/2034 358 297600 297600 5.99 1,485.52 6/1/2004 80 0-29
33724345 5/1/2004 4/1/2034 357 85200 85140.53 5.99 425.29 7/1/2004 80 0-29
33944695 5/1/2004 4/1/2034 359 332000 332000 5.25 1,452.50 5/1/2004 80 0-29
4000087061 5/1/2004 4/1/2034 358 227400 227400 7.25 1,373.88 6/1/2004 84.99600063 0-29
33572033 5/1/2004 4/1/2034 358 158000 157618.51 7.125 1,064.48 6/1/2004 49.39043451 0-29
33786963 5/1/2004 4/1/2034 358 258800 258800 5.375 1,159.21 6/1/2004 80 0-29
33319773 5/1/2004 4/1/2034 357 111900 111900 5.875 547.84 7/1/2004 79.98570407 0-29
33762790 5/1/2004 4/1/2034 357 142500 142061.95 5.875 842.95 7/1/2004 95 0-29
4000118291 5/1/2004 4/1/2034 358 188000 187994.15 5.375 842.08 6/1/2004 80 0-29
33258682 5/1/2004 4/1/2034 358 70550 70549.95 6.99 410.95 6/1/2004 85 0-29
32717373 5/1/2004 4/1/2034 358 158100 157754.5 7.625 1,119.03 6/1/2004 85 0-29
33883042 5/1/2004 4/1/2034 358 290250 290250 6.875 1,662.89 6/1/2004 87.95454545 0-29
33100389 5/1/2004 4/1/2034 358 232000 232000 6.125 1,184.17 6/1/2004 80 0-29
4000083958 5/1/2004 4/1/2034 359 78400 78400 6.125 400.17 5/1/2004 80 0-29
33966185 5/1/2004 4/1/2034 358 119650 119650 5.125 511.01 6/1/2004 79.97994652 0-29
33947482 5/1/2004 4/1/2034 358 210000 209354.53 5.875 1,242.23 6/1/2004 61.76470588 0-29
33532607 5/1/2004 4/1/2034 358 86450 86225.42 6.75 560.72 6/1/2004 95 0-29
4000091751 5/1/2004 4/1/2034 358 127200 127199 5.75 609.50 6/1/2004 80 0-29
32919375 5/1/2004 4/1/2034 358 100400 100400 5.99 501.16 6/1/2004 80 0-29
33259870 5/1/2004 4/1/2034 358 172000 172000 5.625 806.25 6/1/2004 78.18181818 0-29
33904376 5/1/2004 4/1/2034 358 89600 89600 7.5 626.50 6/1/2004 80 0-29
33258617 5/1/2004 4/1/2034 358 126000 125999.99 7.375 774.38 6/1/2004 90 0-29
33345927 5/1/2004 4/1/2034 358 118000 118000 6.875 676.04 6/1/2004 80 0-29
33370859 5/1/2004 4/1/2034 357 123500 123102.05 5.625 710.94 7/1/2004 95 0-29
33556606 5/1/2004 4/1/2034 359 280500 279838.05 7.25 1,913.51 5/1/2004 85 0-29
33232927 5/1/2004 4/1/2034 357 175500 175044.14 6.75 1,138.29 7/1/2004 90 0-29
33906835 5/1/2004 4/1/2034 358 178500 177834.65 6.75 1,157.75 6/1/2004 85 0-29
33113762 6/1/2004 5/1/2034 359 222300 221834.69 5.75 1,297.29 6/1/2004 95 0-29
33736885 5/1/2004 4/1/2034 358 171500 171177.9 8.375 1,303.53 6/1/2004 89.79057592 0-29
33571472 5/1/2004 4/1/2034 358 129200 129200 6.25 672.92 6/1/2004 80 0-29
34105031 5/1/2004 4/1/2034 358 256500 256500 5.99 1,280.36 6/1/2004 95 0-29
31141443 5/1/2004 4/1/2034 358 69900 69722.79 6.875 459.20 6/1/2004 63.60327571 0-29
33786062 5/1/2004 4/1/2034 358 308800 308800 5.75 1,479.67 6/1/2004 80 0-29
33619917 5/1/2004 4/1/2034 358 160000 159574.15 6.625 1,024.50 6/1/2004 76.92307692 0-29
33094673 5/1/2004 4/1/2034 358 133600 133600 5.5 612.33 6/1/2004 80 0-29
33553330 5/1/2004 4/1/2034 358 264000 264000 4.75 1,045.00 6/1/2004 80 0-29
33532664 5/1/2004 4/1/2034 358 74800 74669.93 8.75 588.46 6/1/2004 85 0-29
32715401 5/1/2004 4/1/2034 358 129590 129590 5.99 646.87 6/1/2004 79.99876536 0-29
33432139 5/1/2004 4/1/2034 358 306400 306400 5.875 1,500.08 6/1/2004 80 0-29
33711839 5/1/2004 4/1/2034 358 135850 135553.14 7.625 961.54 6/1/2004 79.98375008 0-29
33741810 5/1/2004 4/1/2034 358 219200 219200 5.75 1,050.33 6/1/2004 80 0-29
33785726 5/1/2004 4/1/2034 358 162400 162400 6.25 845.83 6/1/2004 80 0-29
33810359 5/1/2004 4/1/2034 359 54400 54251.65 6.5 343.85 5/1/2004 80 0-29
4000092238 5/1/2004 4/1/2034 357 151300 150460.23 6.25 931.58 7/1/2004 85 0-29
33452806 5/1/2004 4/1/2034 357 166500 166107.96 7.25 1,135.83 7/1/2004 90 0-29
33703380 5/1/2004 4/1/2034 358 282800 281990.8 6.25 1,741.25 6/1/2004 94.98570848 0-29
33737057 5/1/2004 4/1/2034 358 163920 163920 5.75 785.45 6/1/2004 80 0-29
33842725 5/1/2004 4/1/2034 358 280800 280155.05 7.375 1,939.42 6/1/2004 90 0-29
33463381 5/1/2004 4/1/2034 358 313300 313300 5.875 1,533.86 6/1/2004 79.99162552 0-29
33737404 5/1/2004 4/1/2034 358 289000 289000 5.875 1,414.90 6/1/2004 79.17808219 0-29
33813924 5/1/2004 4/1/2034 357 105600 105600 6 528.00 7/1/2004 80 0-29
33967043 5/1/2004 4/1/2034 358 215900 215900 8.125 1,461.82 6/1/2004 89.9958316 0-29
33519471 5/1/2004 4/1/2034 358 256000 256000 5.25 1,120.00 6/1/2004 80 0-29
33098674 6/1/2004 5/1/2034 359 256000 255512.92 6.25 1,576.24 6/1/2004 46.12612613 0-29
33519125 5/1/2004 4/1/2034 358 225000 225000 6.625 1,242.19 6/1/2004 83.33333333 0-29
33812603 5/1/2004 4/1/2034 358 65600 65600 5.875 321.17 6/1/2004 80 0-29
33827981 5/1/2004 4/1/2034 358 97000 96708.84 6 581.57 6/1/2004 64.70980654 0-29
33092198 5/1/2004 4/1/2034 357 132000 131799.51 5.875 646.25 7/1/2004 80 0-29
33523192 5/1/2004 4/1/2034 358 134400 134373.4 4.75 532.00 6/1/2004 80 0-29
33370750 5/1/2004 4/1/2034 358 139900 139900 5.875 684.93 6/1/2004 79.98856489 0-29
32476343 5/1/2004 4/1/2034 358 124450 124072.57 6 746.15 6/1/2004 95 0-29
33091364 5/1/2004 4/1/2034 358 155500 155168.59 7.75 1,114.03 6/1/2004 84.9726776 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33686304 6ML 5.625 3 6.875 12.875 36 6 mo.s interest less 20% obal 4/1/2006 6
32476061 6ML 7 3 7.875 13.875 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33731266 6ML 4.875 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33724345 6ML 4.625 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33944695 6ML 4.125 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000087061 6ML 4.75 3 7.25 13.25 1/0/1900 None 4/1/2006 6
33572033 6ML 4.75 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33786963 6ML 4 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33319773 6ML 3.875 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33762790 6ML 5.375 3 5.875 11.875 1/0/1900 None 4/1/2006 6
4000118291 6ML 3.5 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33258682 6ML 5.5 3 6.99 12.99 24 6 mo.s interest less 20% obal 4/1/2006 6
32717373 6ML 6.5 3 7.625 13.625 24 6 mo.s interest less 20% obal 4/1/2006 6
33883042 6ML 6.125 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33100389 6ML 4.75 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000083958 6ML 4.5 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
33966185 6ML 3.625 3 5.125 11.125 1/12/1900 6 mo.s interest less 20% obal 4/1/2006 6
33947482 6ML 4.5 3 5.875 11.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33532607 6ML 5.875 3 6.75 12.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
4000091751 6ML 3.75 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
32919375 6ML 4.5 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33259870 6ML 5.25 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2009 6
33904376 6ML 5.875 3 7.5 13.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33258617 6ML 5.75 3 7.375 13.375 0 None 4/1/2006 6
33345927 6ML 5 3 6.875 12.875 1/0/1900 None 4/1/2009 6
33370859 6ML 5.25 3 5.625 11.625 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33556606 6ML 5.875 3 7.25 13.25 1/12/1900 6 mo.s interest less 20% obal 4/1/2006 6
33232927 6ML 5.375 3 6.75 12.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33906835 6ML 6 3 6.75 12.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33113762 6ML 5.625 3 5.75 11.75 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33736885 6ML 7.375 3 8.375 14.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33571472 6ML 4.375 3 6.25 12.25 36 6 mo.s interest less 20% obal 4/1/2009 6
34105031 6ML 5.125 3 5.99 11.99 36 6 mo.s interest less 20% obal 4/1/2009 6
31141443 6ML 3.875 3 6.875 12.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33786062 6ML 4.375 3 5.75 11.75 36 6 mo.s interest less 20% obal 4/1/2007 6
33619917 6ML 3.625 3 6.625 12.625 24 6 mo.s interest less 20% obal 4/1/2006 6
33094673 6ML 3.875 3 5.5 11.5 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33553330 6ML 3.5 3 4.75 10.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33532664 6ML 7.625 3 8.75 14.75 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
32715401 6ML 4.375 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33432139 6ML 3.75 3 5.875 11.875 1/0/1900 None 4/1/2009 6
33711839 6ML 6.25 3 7.625 13.625 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33741810 6ML 4.625 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33785726 6ML 4.375 3 6.25 12.25 1/12/1900 6 mo.s interest less 20% obal 4/1/2006 6
33810359 6ML 5.5 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
4000092238 6ML 5.375 3 6.25 12.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33452806 6ML 6.25 3 7.25 13.25 1/0/1900 None 4/1/2006 6
33703380 6ML 5.75 3 6.25 12.25 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33737057 6ML 4.625 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33842725 6ML 6.375 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33463381 6ML 4.25 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33737404 6ML 4.25 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33813924 6ML 4.875 3 6 12 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33967043 6ML 7.125 3 8.125 14.125 2/5/1900 6 mo.s interest less 20% obal 4/1/2007 6
33519471 6ML 3.875 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33098674 6ML 4.5 3 6.25 12.25 1/0/1900 None 5/1/2006 6
33519125 6ML 4.875 3 6.625 12.625 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33812603 6ML 4.125 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33827981 6ML 4.5 3 6 12 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33092198 6ML 4.125 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33523192 6ML 3.5 3 4.75 10.75 2/5/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2007 6
33370750 6ML 4.5 3 5.875 11.875 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
32476343 6ML 5.125 3 6 12 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33091364 6ML 7 3 7.75 13.75 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33686304 6 C/O Refi N N 0
32476061 6 C/O Refi N N 0
33731266 6 Purchase N Y 60
33724345 6 Purchase N Y 60
33944695 6 Purchase N Y 60
4000087061 6 Purchase N Y 60
33572033 6 Purchase N N 0
33786963 6 Purchase N Y 60
33319773 6 Purchase N Y 60
33762790 6 Purchase N N 0
4000118291 6 R/T Refi N Y 60
33258682 6 C/O Refi N Y 60
32717373 6 C/O Refi N N 0
33883042 6 R/T Refi N Y 60
33100389 6 Purchase N Y 60
4000083958 6 R/T Refi N Y 60
33966185 6 Purchase N Y 60
33947482 6 C/O Refi N N 0
33532607 6 C/O Refi N N 0
4000091751 6 Purchase N Y 60
32919375 6 Purchase N Y 60
33259870 6 Purchase N Y 60
33904376 6 C/O Refi N Y 60
33258617 6 Purchase N Y 60
33345927 6 Purchase N Y 60
33370859 6 C/O Refi N N 0
33556606 6 Purchase N N 0
33232927 6 Purchase N N 0
33906835 6 C/O Refi N N 0
33113762 6 Purchase N N 0
33736885 6 R/T Refi N N 0
33571472 6 Purchase N Y 60
34105031 6 Purchase N Y 60
31141443 6 Purchase N N 0
33786062 6 Purchase N Y 60
33619917 6 C/O Refi N N 0
33094673 6 Purchase N Y 60
33553330 6 Purchase N Y 60
33532664 6 Purchase N N 0
32715401 6 Purchase N Y 60
33432139 6 C/O Refi N Y 60
33711839 6 Purchase N N 0
33741810 6 Purchase N Y 60
33785726 6 C/O Refi N Y 60
33810359 6 Purchase N N 0
4000092238 6 C/O Refi N N 0
33452806 6 C/O Refi N N 0
33703380 6 Purchase N N 0
33737057 6 Purchase N Y 60
33842725 6 C/O Refi N N 0
33463381 6 Purchase N Y 60
33737404 6 C/O Refi N Y 60
33813924 6 Purchase N Y 60
33967043 6 Purchase N Y 60
33519471 6 Purchase N Y 60
33098674 6 R/T Refi N N 0
33519125 6 C/O Refi N Y 60
33812603 6 Purchase N Y 60
33827981 6 Purchase N N 0
33092198 6 Purchase N Y 60
33523192 6 C/O Refi N Y 60
33370750 6 Purchase N Y 60
32476343 6 C/O Refi N N 0
33091364 6 C/O Refi N N 0
D-1-40
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33986688 CORAL SPRINGS 33065 FL Condo Owner Occupied 12/25/1900 3/31/2004
33232760 LAS VEGAS 89104 NV Single Family Owner Occupied 12/25/1900 3/26/2004
32883142 MURRIETA 92563 CA Condo Owner Occupied 12/25/1900 3/19/2004
34043273 PLANO 75075 TX Single Family Owner Occupied 12/25/1900 3/25/2004
33822008 SAN BERNARDINO 92325 CA Single Family Owner Occupied 12/25/1900 3/15/2004
33159179 AURORA 60504 IL Condo Owner Occupied 360 3/31/2004
33623042 AUBURN HILLS 48326 MI Single Family Owner Occupied 360 3/25/2004
33964305 ENGLEWOOD 80112 CO Condo Owner Occupied 360 3/31/2004
33040429 HANOVER 21076 MD Single Family Owner Occupied 360 3/26/2004
33152760 CEDAR LAKE 46303 IN Single Family Owner Occupied 360 3/25/2004
33965781 FLORISSANT 63031 MO Single Family Owner Occupied 360 3/29/2004
33942822 TEMECULA 92591 CA PUD Owner Occupied 360 3/24/2004
33115627 RAMSEY 55303 MN Single Family Owner Occupied 360 3/31/2004
33708272 GRIFFITH 46319 IN Single Family Owner Occupied 360 3/25/2004
33815630 BUFORD 30518 GA PUD Owner Occupied 360 3/31/2004
33558883 LA JOLLA 92037 CA Single Family Owner Occupied 360 3/16/2004
33168386 BELLEVILLE 48111 MI Single Family Owner Occupied 360 3/26/2004
33236449 LAS VEGAS 89108 NV PUD Owner Occupied 360 3/25/2004
33453317 PHILADELPHIA 19134 PA Single Family Owner Occupied 360 3/31/2004
33473463 VAN NUYS AREA 91406 CA Condo Owner Occupied 360 3/24/2004
32720989 SPANAWAY 98387 WA Single Family Owner Occupied 360 3/24/2004
32719940 LAKEWOOD 98499 WA Single Family Owner Occupied 360 3/23/2004
33416066 NORCO 92860 CA Single Family Owner Occupied 360 3/23/2004
33291832 SALINAS 93906 CA Condo Owner Occupied 360 3/16/2004
33947557 SAN DIEGO 92108 CA Condo Owner Occupied 360 3/26/2004
32679094 ST. LOUIS, MO 63114 MO Single Family Owner Occupied 360 3/29/2004
33291816 OXNARD 93030 CA Condo Owner Occupied 360 3/22/2004
33418757 MORENO VALLEY 92557 CA Single Family Owner Occupied 360 3/22/2004
33448747 KING OF PRUSSIA 19406 PA Single Family Owner Occupied 360 3/26/2004
33704891 CHICAGO 60637 IL Multi Family - 2 Units Owner Occupied 360 3/26/2004
34022210 NASHUA 3060 NH Single Family Owner Occupied 360 3/31/2004
32920902 VANCOUVER 98682 WA Single Family Owner Occupied 360 3/25/2004
33494220 ELK GROVE 95758 CA Single Family Owner Occupied 360 3/23/2004
33884313 ALEXANDRIA 22306 VA PUD Owner Occupied 360 3/31/2004
33963992 AURORA 80013 CO Single Family Owner Occupied 360 3/26/2004
32719114 EVERETT 98208 WA PUD Owner Occupied 360 3/19/2004
33434275 DALLAS 75051 TX PUD Owner Occupied 360 3/29/2004
33469149 SANTA MARIA 93455 CA Single Family Owner Occupied 360 3/23/2004
33623802 DETROIT 48224 MI Single Family Owner Occupied 360 3/30/2004
33786229 SAN JACINTO 92583 CA Single Family Owner Occupied 360 3/23/2004
33882945 BRYANS ROAD 20616 MD PUD Owner Occupied 360 3/26/2004
33784687 FAIRFIELD 94533 CA Single Family Owner Occupied 360 3/23/2004
33246794 FORT LAUDERDALE 33305 FL Condo >4 Owner Occupied 360 3/26/2004
33555103 IMPERIAL 92251 CA Single Family Non-Owner Occupied 360 3/25/2004
32718827 RENTON 98056 WA Condo Owner Occupied 360 3/29/2004
33169137 DETROIT 48205 MI Single Family Owner Occupied 360 3/31/2004
33945379 SAN DIEGO 92119 CA Single Family Owner Occupied 360 3/22/2004
33904087 BAY MINETTE 36507 AL Single Family Owner Occupied 360 3/22/2004
33512146 RIALTO 92376 CA Single Family Owner Occupied 360 3/24/2004
33491432 RED BLUFF 96080 CA Single Family Owner Occupied 360 3/22/2004
33687625 NEWARK 94560 CA Condo Owner Occupied 360 3/22/2004
33983719 MIRAMAR 33029 FL PUD Owner Occupied 360 3/26/2004
33432832 CORINTH 76208 TX PUD Owner Occupied 360 3/31/2004
33411992 ONTARIO 91764 CA PUD Owner Occupied 360 3/22/2004
33474529 PALM SPRINGS 92262 CA Single Family Second Home 360 3/29/2004
33714171 BLOOMINGDALE 60108 IL PUD Non-Owner Occupied 360 3/26/2004
33809765 CHATTANOOGA 37411 TN Single Family Owner Occupied 360 3/29/2004
33235797 FERNLEY 89408 NV Single Family Owner Occupied 360 3/19/2004
33710526 ADDISON 60101 IL Condo Owner Occupied 360 3/31/2004
32590481 DEPERE 54115 WI Single Family Owner Occupied 360 3/26/2004
33167818 GRAND LEDGE 48837 MI Single Family Owner Occupied 360 3/31/2004
33943093 VISTA 92084 CA Single Family Non-Owner Occupied 360 3/29/2004
4000118286 FRASER 48026 MI Single Family Owner Occupied 360 3/25/2004
33254913 MIAMI 33145 FL Condo Owner Occupied 360 3/26/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33986688 5/1/2004 4/1/2034 358 104500 104258.28 8.25 785.08 6/1/2004 100 0-29
33232760 5/1/2004 4/1/2034 358 96000 96000 6 480.00 6/1/2004 80 0-29
32883142 5/1/2004 4/1/2034 359 142850 142850 5.99 713.06 5/1/2004 79.99260831 0-29
34043273 5/1/2004 4/1/2034 357 133600 133600 6.125 681.92 7/1/2004 80 0-29
33822008 5/1/2004 4/1/2034 357 180500 180031.15 6.75 1,170.72 7/1/2004 95 0-29
33159179 5/1/2004 4/1/2034 358 186700 186331.11 8.125 1,386.25 6/1/2004 99.97911524 0-29
33623042 5/1/2004 4/1/2034 357 198550 197686.95 5.125 1,081.08 7/1/2004 95 0-29
33964305 5/1/2004 4/1/2034 358 150950 150950 6.25 786.20 6/1/2004 79.98410385 0-29
33040429 5/1/2004 4/1/2034 358 159000 158596.95 6.875 1,044.52 6/1/2004 64.89795918 0-29
33152760 5/1/2004 4/1/2034 358 56900 56646.47 8.75 447.64 6/1/2004 94.99165275 0-29
33965781 5/1/2004 4/1/2034 358 82400 82210.73 7.375 569.12 6/1/2004 80 0-29
33942822 5/1/2004 4/1/2034 358 249600 249550 4.75 988.00 6/1/2004 80 0-29
33115627 5/1/2004 4/1/2034 358 174550 174550 5.625 818.20 6/1/2004 79.99541705 0-29
33708272 5/1/2004 4/1/2034 358 85000 84765.8 8.125 631.13 6/1/2004 86.95652174 0-29
33815630 5/1/2004 4/1/2034 358 287850 287850 5.75 1,379.28 6/1/2004 95 0-29
33558883 5/1/2004 4/1/2034 358 180500 180383.7 5.875 883.70 6/1/2004 21.23529412 0-29
33168386 5/1/2004 4/1/2034 358 288000 288000 6.375 1,530.00 6/1/2004 90 0-29
33236449 5/1/2004 4/1/2034 358 96000 95748.11 6.875 630.66 6/1/2004 80 0-29
33453317 5/1/2004 4/1/2034 358 41400 41157.14 8.125 307.40 6/1/2004 90 0-29
33473463 5/1/2004 4/1/2034 358 230000 229556.96 8.25 1,727.92 6/1/2004 100 0-29
32720989 5/1/2004 4/1/2034 358 147160 147160 5.75 705.14 6/1/2004 80 0-29
32719940 5/1/2004 4/1/2034 358 134400 134350.93 5.375 602.00 6/1/2004 80 0-29
33416066 5/1/2004 4/1/2034 358 166400 166400 5.375 745.33 6/1/2004 80 0-29
33291832 5/1/2004 4/1/2034 357 205600 205600 5.625 963.75 7/1/2004 80 0-29
33947557 5/1/2004 4/1/2034 357 228800 228748.76 5.375 1,024.83 7/1/2004 80 0-29
32679094 5/1/2004 4/1/2034 358 80000 79787.09 6.625 512.25 6/1/2004 80 0-29
33291816 5/1/2004 4/1/2034 357 284000 284000 5.375 1,272.08 7/1/2004 80 0-29
33418757 5/1/2004 4/1/2034 358 184000 184000 5.75 881.67 6/1/2004 80 0-29
33448747 5/1/2004 4/1/2034 358 181200 180794.03 7.5 1,266.98 6/1/2004 84.6728972 0-29
33704891 5/1/2004 4/1/2034 359 220500 220041.76 7.875 1,598.78 5/1/2004 90 0-29
34022210 5/1/2004 4/1/2034 358 227000 226614.48 8.875 1,806.12 6/1/2004 100 0-29
32920902 5/1/2004 4/1/2034 358 137600 137186.98 6 824.99 6/1/2004 80 0-29
33494220 5/1/2004 4/1/2034 358 246600 246600 6.375 1,310.06 6/1/2004 90 0-29
33884313 5/1/2004 4/1/2034 358 333000 332923.69 5.5 1,526.25 6/1/2004 75.85421412 0-29
33963992 5/1/2004 4/1/2034 358 158000 158000 4.875 641.88 6/1/2004 80 0-29
32719114 5/1/2004 4/1/2034 358 192000 192000 5.75 920.00 6/1/2004 80 0-29
33434275 5/1/2004 4/1/2034 358 114650 114650 6.625 632.96 6/1/2004 79.99079042 0-29
33469149 5/1/2004 4/1/2034 358 284000 282260 5.625 1,331.25 6/1/2004 80 0-29
33623802 5/1/2004 4/1/2034 357 57000 56855.51 6.875 374.45 7/1/2004 64.04494382 0-29
33786229 5/1/2004 4/1/2034 357 212500 212500 6.5 1,151.04 7/1/2004 88.54166667 0-29
33882945 5/1/2004 4/1/2034 358 157250 156914.88 7.75 1,126.56 6/1/2004 85 0-29
33784687 5/1/2004 4/1/2034 358 320000 319938.33 4.625 1,233.33 6/1/2004 80 0-29
33246794 5/1/2004 4/1/2034 358 163400 163060.4 7.875 1,184.77 6/1/2004 95 0-29
33555103 5/1/2004 4/1/2034 358 125600 125600 6.25 654.17 6/1/2004 80 0-29
32718827 5/1/2004 4/1/2034 358 113600 113600 5.75 544.33 6/1/2004 80 0-29
33169137 5/1/2004 4/1/2034 358 77600 77412.71 7.125 522.81 6/1/2004 80 0-29
33945379 5/1/2004 4/1/2034 358 310000 309418.98 6.75 1,743.75 6/1/2004 62 0-29
33904087 5/1/2004 4/1/2034 359 76500 76366.98 8.75 601.83 5/1/2004 85 0-29
33512146 5/1/2004 4/1/2034 357 191900 191900 5.75 919.52 7/1/2004 79.99166319 0-29
33491432 5/1/2004 4/1/2034 358 320000 320000 6.875 1,833.33 6/1/2004 73.56321839 0-29
33687625 5/1/2004 4/1/2034 358 237500 237500 6.25 1,236.98 6/1/2004 95 0-29
33983719 5/1/2004 4/1/2034 358 288000 288000 7 1,680.00 6/1/2004 90 0-29
33432832 5/1/2004 4/1/2034 358 255000 254399.61 7.25 1,739.55 6/1/2004 100 0-29
33411992 5/1/2004 4/1/2034 358 330400 330400 7.25 1,996.17 6/1/2004 84.98816751 0-29
33474529 5/1/2004 4/1/2034 358 332500 332500 6.25 1,731.77 6/1/2004 95 0-29
33714171 5/1/2004 4/1/2034 357 138950 138675.47 8.125 1,031.70 7/1/2004 84.98470948 0-29
33809765 5/1/2004 4/1/2034 358 98800 98757.07 5.5 452.83 6/1/2004 80 0-29
33235797 5/1/2004 4/1/2034 359 179400 179400 7.25 1,083.88 5/1/2004 89.99789303 0-29
33710526 5/1/2004 4/1/2034 358 99000 98823.36 8.625 770.02 6/1/2004 100 0-29
32590481 5/1/2004 4/1/2034 359 151200 150777.61 6.375 943.30 5/1/2004 80 0-29
33167818 5/1/2004 4/1/2034 358 84000 83689.88 6.875 551.83 6/1/2004 80 0-29
33943093 5/1/2004 4/1/2034 358 292500 292500 5.99 1,460.06 6/1/2004 75 0-29
4000118286 5/1/2004 4/1/2034 358 114400 114400 5.25 500.50 6/1/2004 80 0-29
33254913 5/1/2004 4/1/2034 358 90000 90000 7.125 534.38 6/1/2004 90 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33986688 6ML 5.5 3 8.25 14.25 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
33232760 6ML 4.75 3 6 12 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
32883142 6ML 4.125 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 4/1/2006 6
34043273 6ML 4.125 3 6.125 12.125 2/5/1900 6 mo.s interest less 20% obal 4/1/2009 6
33822008 6ML 5.625 3 6.75 12.75 1/12/1900 6 mo.s interest less 20% obal 4/1/2006 6
33159179 6ML 5.625 3 8.125 14.125 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33623042 6ML 5 3 5.125 11.125 36 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33964305 6ML 4.875 3 6.25 12.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33040429 6ML 5.375 3 6.875 12.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33152760 6ML 5.75 3 8.75 14.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33965781 6ML 6.25 3 7.375 13.375 24 2% prepaid 4/1/2006 6
33942822 6ML 3.625 3 4.75 10.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33115627 6ML 4.125 3 5.625 11.625 36 min (2% prepaid, 60 days interest) 4/1/2009 6
33708272 6ML 7.125 3 8.125 14.125 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33815630 6ML 5.25 3 5.75 11.75 0 None 4/1/2007 6
33558883 6ML 3.5 3 5.875 11.875 36 6 mo.s interest less 20% obal 4/1/2009 6
33168386 6ML 5.625 3 6.375 12.375 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33236449 6ML 5.5 3 6.875 12.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33453317 6ML 5.5 3 8.125 14.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33473463 6ML 5.125 3 8.25 14.25 0 None 4/1/2006 6
32720989 6ML 4.125 3 5.75 11.75 24 6 mo.s interest less 20% obal 4/1/2006 6
32719940 6ML 4 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33416066 6ML 4 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33291832 6ML 3.875 3 5.625 11.625 36 6 mo.s interest less 20% obal 4/1/2007 6
33947557 6ML 4.125 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2006 6
32679094 6ML 5.5 3 6.625 12.625 24 2% prepaid 4/1/2006 6
33291816 6ML 3.5 3 5.375 11.375 36 6 mo.s interest less 20% obal 4/1/2009 6
33418757 6ML 4 3 5.75 11.75 36 6 mo.s interest less 20% obal 4/1/2009 6
33448747 6ML 6.375 3 7.5 13.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33704891 6ML 6.5 3 7.875 13.875 12 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
34022210 6ML 6.625 3 8.875 14.875 24 6 mo.s interest less 20% obal 4/1/2006 6
32920902 6ML 5.125 3 6 12 24 6 mo.s interest less 20% obal 4/1/2006 6
33494220 6ML 5.375 3 6.375 12.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33884313 6ML 4.25 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33963992 6ML 3.75 3 4.875 10.875 24 6 mo.s interest less 20% obal 4/1/2006 6
32719114 6ML 3.875 3 5.75 11.75 24 6 mo.s interest less 20% obal 4/1/2009 6
33434275 6ML 4.625 3 6.625 12.625 36 6 mo.s interest less 20% obal 4/1/2009 6
33469149 6ML 3.75 3 5.625 11.625 24 6 mo.s interest less 20% obal 4/1/2009 6
33623802 6ML 5.625 3 6.875 12.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33786229 6ML 5.5 3 6.5 12.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33882945 6ML 6.5 3 7.75 13.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33784687 6ML 3.5 3 4.625 10.625 24 6 mo.s interest less 20% obal 4/1/2006 6
33246794 6ML 6.5 3 7.875 13.875 12 6 mo.s interest less 20% obal 4/1/2006 6
33555103 6ML 4.25 3 6.25 12.25 24 6 mo.s interest less 20% obal 4/1/2006 6
32718827 6ML 4.125 3 5.75 11.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33169137 6ML 5.75 3 7.125 13.125 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33945379 6ML 4.5 3 6.75 12.75 24 6 mo.s interest less 20% obal 4/1/2009 6
33904087 6ML 7.375 3 8.75 14.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33512146 6ML 4 3 5.75 11.75 36 6 mo.s interest less 20% obal 4/1/2009 6
33491432 6ML 4.875 3 6.875 12.875 12 6 mo.s interest less 20% obal 4/1/2006 6
33687625 6ML 5.25 3 6.25 12.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33983719 6ML 6 3 7 13 24 6 mo.s interest less 20% obal 4/1/2006 6
33432832 6ML 5 3 7.25 13.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33411992 6ML 6 3 7.25 13.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33474529 6ML 4.75 3 6.25 12.25 0 None 4/1/2006 6
33714171 6ML 5 3 8.125 14.125 0 None 4/1/2006 6
33809765 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33235797 6ML 6.25 3 7.25 13.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33710526 6ML 5.5 3 8.625 14.625 12 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
32590481 6ML 5.375 2 6.375 12.375 12 6 mo.s interest less 20% obal 4/1/2005 6
33167818 6ML 6.125 3 6.875 12.875 36 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33943093 6ML 3.75 3 5.99 11.99 12 6 mo.s interest less 20% obal 4/1/2006 6
4000118286 6ML 4.125 3 5.25 11.25 36 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33254913 6ML 5.875 3 7.125 13.125 24 6 mo.s interest less 20% obal 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33986688 6 Purchase N N 0
33232760 6 Purchase N Y 60
32883142 6 Purchase N Y 60
34043273 6 R/T Refi N Y 60
33822008 6 C/O Refi N N 0
33159179 6 Purchase N N 0
33623042 6 C/O Refi N N 0
33964305 6 Purchase N Y 60
33040429 6 R/T Refi N N 0
33152760 6 Purchase N N 0
33965781 6 Purchase N N 0
33942822 6 Purchase N Y 60
33115627 6 Purchase N Y 60
33708272 6 Purchase N N 0
33815630 6 Purchase N Y 60
33558883 6 C/O Refi N Y 60
33168386 6 C/O Refi N Y 60
33236449 6 C/O Refi N N 0
33453317 6 Purchase N N 0
33473463 6 Purchase N N 0
32720989 6 Purchase N Y 60
32719940 6 Purchase N Y 60
33416066 6 Purchase N Y 60
33291832 6 C/O Refi N Y 60
33947557 6 Purchase N Y 60
32679094 6 Purchase N N 0
33291816 6 Purchase N Y 60
33418757 6 Purchase N Y 60
33448747 6 C/O Refi N N 0
33704891 6 C/O Refi N N 0
34022210 6 Purchase N N 0
32920902 6 Purchase N N 0
33494220 6 C/O Refi N Y 60
33884313 6 Purchase N Y 60
33963992 6 Purchase N Y 60
32719114 6 Purchase N Y 60
33434275 6 Purchase N Y 60
33469149 6 Purchase N Y 60
33623802 6 Purchase N N 0
33786229 6 C/O Refi N Y 60
33882945 6 C/O Refi N N 0
33784687 6 Purchase N Y 60
33246794 6 Purchase N N 0
33555103 6 Purchase N Y 60
32718827 6 Purchase N Y 60
33169137 6 Purchase N N 0
33945379 6 C/O Refi N Y 60
33904087 6 C/O Refi N N 0
33512146 6 Purchase N Y 60
33491432 6 C/O Refi N Y 60
33687625 6 C/O Refi N Y 60
33983719 6 C/O Refi N Y 60
33432832 6 Purchase N N 0
33411992 6 Purchase N Y 60
33474529 6 Purchase N Y 60
33714171 6 Purchase N N 0
33809765 6 Purchase N Y 60
33235797 6 Purchase N Y 60
33710526 6 Purchase N N 0
32590481 6 Purchase N N 0
33167818 6 Purchase N N 0
33943093 6 Purchase N Y 60
4000118286 6 Purchase N Y 60
33254913 6 C/O Refi N Y 60
D-1-41
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33983156 BOYNTON BEACH 33435 FL Single Family Non-Owner Occupied 360 3/31/2004
33884248 WALDORF 20602 MD PUD Owner Occupied 360 3/31/2004
33830449 SUN VALLEY 91352 CA Single Family Owner Occupied 360 3/24/2004
33432485 DALLAS 75228 TX Single Family Owner Occupied 360 3/24/2004
33950106 PASO ROBLES 93446 CA Single Family Owner Occupied 360 3/30/2004
33685835 BEN LOMOND 95005 CA Single Family Owner Occupied 360 3/18/2004
33622721 EATON RAPIDS 48827 MI Single Family Owner Occupied 360 3/23/2004
33830076 HUNTINGTON PARK 90255 CA Condo Owner Occupied 360 3/23/2004
33521758 PASADENA 91101 CA Condo Owner Occupied 360 3/25/2004
33982042 LEHIGH ACRES 33936 FL Single Family Second Home 360 3/30/2004
33214461 SCOTTSDALE 85257 AZ Condo Owner Occupied 360 3/30/2004
32675399 BRITT 50423 IA Single Family Owner Occupied 360 3/31/2004
33740127 SAN JOSE 95131 CA Condo Owner Occupied 360 3/19/2004
33513615 DOWNEY 90240 CA Single Family Owner Occupied 360 3/19/2004
33623026 DETROIT 48235 MI Single Family Owner Occupied 360 3/23/2004
33704362 CHICAGO 60651 IL Multi Family - 2 Units Owner Occupied 360 3/26/2004
33159443 FRANLIN PARK 60131 IL Multi Family - 3 Units Owner Occupied 360 3/22/2004
33292244 BAKERSFIELD 93308 CA Single Family Owner Occupied 360 3/19/2004
33740630 SAN DIEGO 92139 CA Condo Owner Occupied 360 3/25/2004
32719973 FEDERAL WAY 98023 WA PUD Owner Occupied 360 3/22/2004
33492778 STOCKTON 95206 CA Single Family Owner Occupied 360 3/22/2004
33317876 HIGHLANDS RANCH 80126 CO PUD Owner Occupied 360 3/31/2004
33115577 ANOKA 55303 MN Single Family Owner Occupied 360 3/26/2004
33159518 POPLAR GROVE 61065 IL Single Family Owner Occupied 360 3/25/2004
32679441 JEFFERSON CITY 65101 MO Single Family Owner Occupied 360 3/29/2004
33816539 CANTON 30114 GA PUD Owner Occupied 360 3/31/2004
33170663 DETROIT 48213 MI Single Family Owner Occupied 360 3/26/2004
33685215 VALLEJO 94591 CA Condo Owner Occupied 360 3/15/2004
33541301 SOUTH VIENNA 45369 OH Single Family Owner Occupied 360 3/26/2004
32675720 MILWAUKEE 53205 WI Single Family Owner Occupied 360 3/29/2004
33810276 NASHVILLE 37204 TN PUD Owner Occupied 360 3/30/2004
4000121860 WORCESTER 1605 MA Single Family Owner Occupied 360 3/26/2004
33906157 CAPE CORAL 33904 FL Single Family Owner Occupied 360 3/25/2004
33419136 ONTARIO 91761 CA Single Family Owner Occupied 360 3/1/2004
33804873 CANTON 30115 GA Single Family Owner Occupied 360 3/26/2004
33560764 EL CAJON 92020 CA Single Family Owner Occupied 360 3/19/2004
4000126070 BIRMINGHAM 35235 AL Single Family Owner Occupied 360 3/23/2004
33742651 GRAHAM 98338 WA Single Family Owner Occupied 360 3/23/2004
33529603 REYNOLDSBURG 43068 OH Single Family Owner Occupied 360 3/26/2004
33491689 SACRAMENTO 95831 CA Single Family Owner Occupied 360 3/22/2004
4000077550 MOYOCK 27958 NC PUD Owner Occupied 360 3/31/2004
33806639 PULASKI 38478 TN Single Family Owner Occupied 360 3/26/2004
33417817 PALM SPRINGS 92262 CA Condo Owner Occupied 360 3/19/2004
33536178 DAYTON 45415 OH Single Family Owner Occupied 360 3/22/2004
33523226 ASHLAND 44805 OH Single Family Owner Occupied 360 3/26/2004
33491796 LODI 95242 CA Single Family Owner Occupied 360 3/18/2004
33703554 PARK HILLS 63601 MO Single Family Owner Occupied 360 3/26/2004
33811605 DECATUR 30034 GA Single Family Owner Occupied 360 3/22/2004
33947953 SANTEE 92071 CA Single Family Owner Occupied 360 3/25/2004
33216854 GILBERT 85297 AZ PUD Owner Occupied 360 3/26/2004
33319237 AURORA 80012 CO PUD Owner Occupied 360 3/24/2004
33814542 COVINGTON 30016 GA Single Family Owner Occupied 360 3/31/2004
33185398 GRASS LAKE 49240 MI Single Family Owner Occupied 360 3/26/2004
33347584 COLUMBIA 29212 SC Single Family Owner Occupied 360 3/30/2004
33368846 DETROIT 48234 MI Single Family Owner Occupied 360 3/23/2004
33453069 CLINTON 20735 MD Single Family Owner Occupied 360 3/25/2004
33618422 BESSEMER 35022 AL Single Family Owner Occupied 360 3/25/2004
33763384 ELMSFORD 10523 NY Single Family Owner Occupied 360 3/25/2004
33903048 GIBSONTON 33534 FL PUD Owner Occupied 360 3/26/2004
33885146 UPPER MARLBORO 20774 MD Single Family Owner Occupied 360 3/31/2004
33741539 VENICE AREA 90291 CA Single Family Owner Occupied 360 3/26/2004
34102335 CATHEDRAL CITY 92234 CA Single Family Owner Occupied 360 3/22/2004
32474470 GAMBIER 43022 OH Single Family Owner Occupied 360 3/22/2004
33735598 SACRAMENTO 95835 CA Single Family Owner Occupied 360 3/23/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33983156 5/1/2004 4/1/2034 358 119850 119850 6.99 698.13 6/1/2004 85 0-29
33884248 5/1/2004 4/1/2034 358 169600 169600 5.125 724.33 6/1/2004 80 0-29
33830449 5/1/2004 4/1/2034 358 250000 249761.56 6.25 1,302.08 6/1/2004 61.88118812 0-29
33432485 5/1/2004 4/1/2034 358 64400 64162.98 5.25 281.75 6/1/2004 49.16030534 0-29
33950106 5/1/2004 4/1/2034 357 284000 284000 5.125 1,212.92 7/1/2004 80 0-29
33685835 5/1/2004 4/1/2034 358 272000 272000 5.25 1,190.00 6/1/2004 80 0-29
33622721 5/1/2004 4/1/2034 358 102000 101693.57 8.25 766.30 6/1/2004 85 0-29
33830076 5/1/2004 4/1/2034 358 141600 141600 5.875 693.25 6/1/2004 80 0-29
33521758 5/1/2004 4/1/2034 357 172000 172000 5.875 842.08 7/1/2004 80 0-29
33982042 5/1/2004 4/1/2034 358 121600 121198.84 5.5 690.44 6/1/2004 95 0-29
33214461 5/1/2004 4/1/2034 359 84000 83928.54 5.5 385.00 5/1/2004 80 0-29
32675399 5/1/2004 4/1/2034 358 34200 34132.41 8.125 253.94 6/1/2004 90 0-29
33740127 5/1/2004 4/1/2034 358 271100 271100 6.75 1,524.94 6/1/2004 79.99693114 0-29
33513615 5/1/2004 4/1/2034 358 276000 275247.41 6.5 1,744.51 6/1/2004 74.59459459 0-29
33623026 5/1/2004 4/1/2034 358 122000 121659.18 6.375 761.13 6/1/2004 78.70967742 0-29
33704362 5/1/2004 4/1/2034 358 217550 216980.7 6.75 1,411.03 6/1/2004 95 0-29
33159443 5/1/2004 4/1/2034 358 248000 247939.29 5.875 1,214.17 6/1/2004 80 0-29
33292244 5/1/2004 4/1/2034 358 160000 159623.26 7.25 1,091.49 6/1/2004 78.04878049 0-29
33740630 5/1/2004 4/1/2034 358 197600 197556.77 5.25 864.50 6/1/2004 80 0-29
32719973 5/1/2004 4/1/2034 358 224000 224000 6 1,120.00 6/1/2004 80 0-29
33492778 5/1/2004 4/1/2034 358 216000 215952.75 5.375 967.50 6/1/2004 80 0-29
33317876 5/1/2004 4/1/2034 359 288000 288000 5.375 1,290.00 6/1/2004 80 0-29
33115577 5/1/2004 4/1/2034 358 148000 148000 5.625 693.75 6/1/2004 80 0-29
33159518 5/1/2004 4/1/2034 358 197550 197052.98 7.125 1,330.94 6/1/2004 94.98007125 0-29
32679441 5/1/2004 4/1/2034 358 71500 71355.09 8 524.65 6/1/2004 82.65895954 0-29
33816539 5/1/2004 4/1/2034 357 177697 177697 5.125 758.91 7/1/2004 94.99973269 0-29
33170663 5/1/2004 4/1/2034 357 57000 56828.4 6 341.75 7/1/2004 95 0-29
33685215 5/1/2004 4/1/2034 358 207200 207200 5.375 928.08 6/1/2004 80 0-29
33541301 5/1/2004 4/1/2034 358 130000 129670.47 6.875 854.01 6/1/2004 74.28571429 0-29
32675720 5/1/2004 4/1/2034 358 25500 25438.46 7.125 171.80 6/1/2004 85 0-29
33810276 5/1/2004 4/1/2034 358 94350 94350 6 471.75 6/1/2004 79.99864337 0-29
4000121860 5/1/2004 4/1/2034 359 171000 170555.84 6.75 1,109.10 5/1/2004 90 0-29
33906157 5/1/2004 4/1/2034 358 124000 124000 5.625 581.25 6/1/2004 80 0-29
33419136 5/1/2004 4/1/2034 358 160000 160000 5.75 766.67 6/1/2004 80 0-29
33804873 5/1/2004 4/1/2034 358 130500 129968.69 7.625 829.22 6/1/2004 90 0-29
33560764 5/1/2004 4/1/2034 358 265000 265000 6.625 1,463.02 6/1/2004 63.85542169 0-29
4000126070 5/1/2004 4/1/2034 358 71600 71600 6 358.00 6/1/2004 80 0-29
33742651 5/1/2004 4/1/2034 358 172000 172000 6 860.00 6/1/2004 80 0-29
33529603 5/1/2004 4/1/2034 357 180400 179888.42 6.5 977.17 7/1/2004 94.99736704 0-29
33491689 5/1/2004 4/1/2034 357 301500 301141.9 6.625 1,664.53 7/1/2004 90 0-29
4000077550 5/1/2004 4/1/2034 358 213600 213599.5 6.25 1,112.50 6/1/2004 79.99700386 0-29
33806639 5/1/2004 4/1/2034 357 55200 55085.28 7.875 400.24 7/1/2004 80 0-29
33417817 5/1/2004 4/1/2034 357 103100 103100 5.125 440.32 7/1/2004 79.9844841 0-29
33536178 5/1/2004 4/1/2034 358 106250 106045.31 8.25 798.23 6/1/2004 85 0-29
33523226 5/1/2004 4/1/2034 358 94300 94300 5.625 442.03 6/1/2004 85.72727273 0-29
33491796 5/1/2004 4/1/2034 358 252000 251978.92 4.875 1,023.75 6/1/2004 80 0-29
33703554 5/1/2004 4/1/2034 358 54000 53879.01 7.5 377.58 6/1/2004 72.97297297 0-29
33811605 5/1/2004 4/1/2034 358 105600 105332.31 6.875 693.72 6/1/2004 80 0-29
33947953 5/1/2004 4/1/2034 358 328700 328700 6.375 1,746.22 6/1/2004 95 0-29
33216854 5/1/2004 4/1/2034 358 251900 251177.93 6.25 1,551.00 6/1/2004 79.99364878 0-29
33319237 5/1/2004 4/1/2034 358 97500 97269.82 7.25 665.13 6/1/2004 84.05172414 0-29
33814542 5/1/2004 4/1/2034 358 167254 167254 5.75 801.43 6/1/2004 79.99980867 0-29
33185398 5/1/2004 4/1/2034 357 139400 139085.22 8 1,022.87 7/1/2004 85 0-29
33347584 5/1/2004 4/1/2034 358 75900 75750.03 8.125 563.56 6/1/2004 79.97892518 0-29
33368846 5/1/2004 4/1/2034 358 88200 87959.48 6.5 557.49 6/1/2004 90 0-29
33453069 5/1/2004 4/1/2034 358 276250 275704.2 8.125 2,051.15 6/1/2004 85 0-29
33618422 5/1/2004 4/1/2034 358 247500 246931.51 7.375 1,709.43 6/1/2004 90 0-29
33763384 5/1/2004 4/1/2034 358 232500 231765.04 5.75 1,356.81 6/1/2004 75 0-29
33903048 5/1/2004 4/1/2034 359 86350 86350 6.5 467.73 5/1/2004 79.96110751 0-29
33885146 5/1/2004 4/1/2034 359 161500 161500 6.375 857.97 5/1/2004 79.98019066 0-29
33741539 5/1/2004 4/1/2034 358 298800 298800 5.99 1,491.51 6/1/2004 80 0-29
34102335 5/1/2004 4/1/2034 357 155000 154556.47 6.25 954.37 7/1/2004 68.88888889 0-29
32474470 5/1/2004 4/1/2034 358 202500 202068.44 7.75 1,450.74 6/1/2004 90 0-29
33735598 5/1/2004 4/1/2034 358 243300 243300 5.75 1,165.81 6/1/2004 79.99736959 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33983156 6ML 4.5 3 6.99 12.99 0 None 4/1/2006 6
33884248 6ML 4 3 5.125 11.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33830449 6ML 4.625 3 6.25 12.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33432485 6ML 3.375 3 5.25 11.25 0 None 4/1/2006 6
33950106 6ML 4.125 3 5.125 11.125 36 6 mo.s interest less 20% obal 4/1/2007 6
33685835 6ML 3.5 3 5.25 11.25 24 6 mo.s interest less 20% obal 4/1/2009 6
33622721 6ML 7.125 3 8.25 14.25 36 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33830076 6ML 4.125 3 5.875 11.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33521758 6ML 4 3 5.875 11.875 36 6 mo.s interest less 20% obal 4/1/2009 6
33982042 6ML 4.75 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33214461 6ML 3.875 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
32675399 6ML 7.125 3 8.125 14.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33740127 6ML 5.25 3 6.75 12.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33513615 6ML 5.25 3 6.5 12.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33623026 6ML 3.375 3 6.375 12.375 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33704362 6ML 6.5 3 6.75 12.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33159443 6ML 4.125 3 5.875 11.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33292244 6ML 5.875 3 7.25 13.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33740630 6ML 3.75 3 5.25 11.25 24 6 mo.s interest less 20% obal 4/1/2006 6
32719973 6ML 4.625 3 6 12 24 6 mo.s interest less 20% obal 4/1/2006 6
33492778 6ML 4 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33317876 6ML 4.5 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33115577 6ML 4.375 3 5.625 11.625 36 min (2% prepaid, 60 days interest) 4/1/2006 6
33159518 6ML 6.25 3 7.125 13.125 12 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
32679441 6ML 5.375 3 8 14 24 2% prepaid 4/1/2006 6
33816539 6ML 5 3 5.125 11.125 0 None 4/1/2007 6
33170663 6ML 5 3 6 12 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33685215 6ML 3.625 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2009 6
33541301 6ML 3.625 3 6.875 12.875 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
32675720 6ML 6.125 3 7.125 13.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33810276 6ML 4.25 3 6 12 12 6 mo.s interest less 20% obal 4/1/2006 6
4000121860 6ML 6.125 3 6.75 12.75 36 6 mo.s interest less 20% obal 4/1/2006 6
33906157 6ML 3.75 3 5.625 11.625 24 6 mo.s interest less 20% obal 4/1/2006 6
33419136 6ML 4.375 3 5.75 11.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33804873 6ML 5.875 3 7.625 13.625 0 None 4/1/2009 6
33560764 6ML 4.875 3 6.625 12.625 36 6 mo.s interest less 20% obal 4/1/2007 6
4000126070 6ML 4.25 3 6 12 24 6 mo.s interest less 20% obal 4/1/2006 6
33742651 6ML 4.875 3 6 12 24 6 mo.s interest less 20% obal 4/1/2006 6
33529603 6ML 5.75 3 6.5 12.5 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33491689 6ML 5.375 3 6.625 12.625 24 6 mo.s interest less 20% obal 4/1/2007 6
4000077550 6ML 4.625 3 6.25 12.25 0 None 4/1/2009 6
33806639 6ML 6.25 3 7.875 13.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33417817 6ML 3.375 3 5.125 11.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33536178 6ML 6.875 3 8.25 14.25 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33523226 6ML 4.625 3 5.625 11.625 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33491796 6ML 3.625 3 4.875 10.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33703554 6ML 6.125 3 7.5 13.5 24 2% prepaid 4/1/2006 6
33811605 6ML 5.5 3 6.875 12.875 0 None 4/1/2006 6
33947953 6ML 5.5 3 6.375 12.375 36 6 mo.s interest less 20% obal 4/1/2007 6
33216854 6ML 5.625 3 6.25 12.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33319237 6ML 6.125 3 7.25 13.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33814542 6ML 4.125 3 5.75 11.75 0 None 4/1/2009 6
33185398 6ML 6.875 3 8 14 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33347584 6ML 6.75 3 8.125 14.125 0 None 4/1/2006 6
33368846 6ML 5.875 3 6.5 12.5 36 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33453069 6ML 6.5 3 8.125 14.125 12 6 mo.s interest less 20% obal 4/1/2007 6
33618422 6ML 6.125 3 7.375 13.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33763384 6ML 4.625 3 5.75 11.75 0 None 4/1/2006 6
33903048 6ML 5.125 3 6.5 12.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33885146 6ML 5.25 3 6.375 12.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33741539 6ML 4.625 3 5.99 11.99 24 6 mo.s interest less 20% obal 4/1/2006 6
34102335 6ML 4.75 3 6.25 12.25 24 6 mo.s interest less 20% obal 4/1/2006 6
32474470 6ML 6.75 3 7.75 13.75 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33735598 6ML 4.375 3 5.75 11.75 24 6 mo.s interest less 20% obal 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33983156 6 Purchase N Y 60
33884248 6 Purchase N Y 60
33830449 6 C/O Refi N Y 60
33432485 6 C/O Refi N Y 60
33950106 6 Purchase N Y 60
33685835 6 Purchase N Y 60
33622721 6 C/O Refi N N 0
33830076 6 Purchase N Y 60
33521758 6 Purchase N Y 60
33982042 6 Purchase N N 0
33214461 6 Purchase N Y 60
32675399 6 Purchase N N 0
33740127 6 Purchase N Y 60
33513615 6 C/O Refi N N 0
33623026 6 C/O Refi N N 0
33704362 6 Purchase N N 0
33159443 6 C/O Refi N Y 60
33292244 6 C/O Refi N N 0
33740630 6 Purchase N Y 60
32719973 6 C/O Refi N Y 60
33492778 6 Purchase N Y 60
33317876 6 Purchase N Y 60
33115577 6 C/O Refi N Y 60
33159518 6 Purchase N N 0
32679441 6 Purchase N N 0
33816539 6 Purchase N Y 60
33170663 6 C/O Refi N N 0
33685215 6 Purchase N Y 60
33541301 6 R/T Refi N N 0
32675720 6 Purchase N N 0
33810276 6 Purchase N Y 60
4000121860 6 R/T Refi N N 0
33906157 6 C/O Refi N Y 60
33419136 6 Purchase N Y 60
33804873 6 R/T Refi N Y 60
33560764 6 C/O Refi N Y 60
4000126070 6 R/T Refi N Y 60
33742651 6 Purchase N Y 60
33529603 6 Purchase N Y 60
33491689 6 Purchase N Y 60
4000077550 6 Purchase N Y 60
33806639 6 C/O Refi N N 0
33417817 6 Purchase N Y 60
33536178 6 R/T Refi N N 0
33523226 6 C/O Refi N Y 60
33491796 6 Purchase N Y 60
33703554 6 R/T Refi N N 0
33811605 6 C/O Refi N N 0
33947953 6 C/O Refi N Y 60
33216854 6 Purchase N N 0
33319237 6 R/T Refi N N 0
33814542 6 Purchase N Y 60
33185398 6 C/O Refi N N 0
33347584 6 Purchase N N 0
33368846 6 C/O Refi N N 0
33453069 6 C/O Refi N N 0
33618422 6 C/O Refi N N 0
33763384 6 C/O Refi N N 0
33903048 6 Purchase N Y 60
33885146 6 Purchase N Y 60
33741539 6 Purchase N Y 60
34102335 6 C/O Refi N N 0
32474470 6 C/O Refi N N 0
33735598 6 Purchase N Y 60
D-1-42
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
-------------------------------------------------------------------------------------------------------------------------------
33909300 KNOXVILLE 37931 TN Single Family Owner Occupied 360 3/29/2004
33418484 YUCAIPA 92399 CA Single Family Owner Occupied 360 3/23/2004
33225806 LAS VEGAS 89143 NV PUD Owner Occupied 360 3/25/2004
32739344 FARMERSVILLE 45325 OH Single Family Owner Occupied 360 3/25/2004
33334004 MARYSVILLE 95901 CA Single Family Owner Occupied 360 3/5/2004
33098120 YARMOUTHPORT 2675 MA Single Family Owner Occupied 360 3/22/2004
33843822 MERIDIAN 83642 ID Single Family Owner Occupied 360 3/25/2004
33235862 LAS VEGAS 89129 NV PUD Owner Occupied 360 3/24/2004
33347386 INMAN 29349 SC Single Family Owner Occupied 360 3/30/2004
33964065 PARKER 80134 CO PUD Owner Occupied 360 3/31/2004
33040494 MECHANICSVILLE 20659 MD Single Family Owner Occupied 360 3/24/2004
33572264 GRESHAM 97080 OR PUD Owner Occupied 360 3/29/2004
33093253 WORCESTER 1606 MA Condo Owner Occupied 360 3/23/2004
33077124 BENICIA 94510 CA Single Family Owner Occupied 360 3/26/2004
33348566 CHARELSTON 29414 SC PUD Owner Occupied 360 3/31/2004
33350794 LEXINGTON 27292 NC Single Family Owner Occupied 360 3/26/2004
34083584 MURRIETA 92562 CA Single Family Owner Occupied 360 3/26/2004
33624990 YPSILANTI 48198 MI Single Family Owner Occupied 360 3/31/2004
33555723 SOLANA BEACH 92075 CA Condo Owner Occupied 360 3/17/2004
34104208 TRONA 93562 CA Single Family Non-Owner Occupied 360 3/23/2004
33432212 TEMPLE 76502 TX Single Family Owner Occupied 360 3/22/2004
33349127 DURHAM 27713 NC Condo Owner Occupied 360 3/30/2004
33565862 FOREST GROVE 97116 OR PUD Owner Occupied 360 3/29/2004
33452533 PHILADELPHIA 19135 PA Single Family Owner Occupied 360 3/26/2004
33169905 WATERFORD 48328 MI Single Family Owner Occupied 360 3/24/2004
34107045 HENDERSON 89012 NV PUD Owner Occupied 360 3/26/2004
33621806 CAPE CORAL 33914 FL Single Family Owner Occupied 360 3/26/2004
33737628 SHERWOOD 97140 OR Single Family Owner Occupied 360 3/12/2004
33598731 HUMBLE 77396 TX PUD Owner Occupied 360 3/31/2004
33599804 HUMBLE 77345 TX PUD Non-Owner Occupied 360 3/31/2004
33518051 PALMDALE 93551 CA Single Family Owner Occupied 360 3/12/2004
33902453 ORLANDO 32812 FL PUD Owner Occupied 360 3/23/2004
33574716 WHITE CITY 97503 OR PUD Owner Occupied 360 3/10/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
--------------------------------------------------------------------------------------------------------------------------------
33909300 5/1/2004 4/1/2034 358 189900 189515.19 8 1,393.42 6/1/2004 100 0-29
33418484 5/1/2004 4/1/2034 357 200000 199520.73 5.125 854.17 7/1/2004 79.36507937 0-29
33225806 5/1/2004 4/1/2034 358 183450 183450 5.375 821.70 6/1/2004 95.00209735 0-29
32739344 5/1/2004 4/1/2034 358 80000 79816.23 7.375 552.55 6/1/2004 57.14285714 0-29
33334004 5/1/2004 4/1/2034 358 170350 170350 6.125 869.49 6/1/2004 79.98028076 0-29
33098120 5/1/2004 4/1/2034 358 320000 319264.99 7.375 2,210.17 6/1/2004 73.56321839 0-29
33843822 5/1/2004 4/1/2034 357 104400 104135.35 6.875 685.84 7/1/2004 90 0-29
33235862 5/1/2004 4/1/2034 358 196000 196000 6.375 1,041.25 6/1/2004 80 0-29
33347386 5/1/2004 4/1/2034 357 65000 64849.63 7.375 448.94 7/1/2004 78.31325301 0-29
33964065 5/1/2004 4/1/2034 358 284800 284800 5.5 1,305.33 6/1/2004 80 0-29
33040494 5/1/2004 4/1/2034 358 238000 237466.77 7.5 1,664.14 6/1/2004 70 0-29
33572264 5/1/2004 4/1/2034 358 176400 176400 6.125 900.38 6/1/2004 80 0-29
33093253 5/1/2004 4/1/2034 358 83000 83000 7.875 544.69 6/1/2004 69.45606695 0-29
33077124 5/1/2004 4/1/2034 358 208000 207498.01 7.125 1,401.34 6/1/2004 55.91397849 0-29
33348566 5/1/2004 4/1/2034 358 168000 167641.11 7.75 1,203.58 6/1/2004 100 0-29
33350794 5/1/2004 4/1/2034 358 85000 84738.97 8.375 646.07 6/1/2004 85 0-29
34083584 5/1/2004 4/1/2034 358 318000 318000 6.375 1,689.38 6/1/2004 90.85714286 0-29
33624990 5/1/2004 4/1/2034 357 229190 228534.19 6.25 1,411.17 7/1/2004 94.99867361 0-29
33555723 5/1/2004 4/1/2034 357 182500 182500 6.375 969.53 7/1/2004 56.15384615 0-29
34104208 5/1/2004 4/1/2034 357 72000 72000 7.625 457.50 7/1/2004 90 0-29
33432212 5/1/2004 4/1/2034 358 134900 134558.04 6.875 886.20 6/1/2004 95 0-29
33349127 5/1/2004 4/1/2034 358 55000 54860.55 6.875 361.32 6/1/2004 68.75 0-29
33565862 5/1/2004 4/1/2034 357 181800 181788.33 5.75 871.13 7/1/2004 80 0-29
33452533 5/1/2004 4/1/2034 358 61200 61064.64 8 449.07 6/1/2004 85 0-29
33169905 5/1/2004 4/1/2034 358 195500 195500 7.25 1,181.15 6/1/2004 85 0-29
34107045 5/1/2004 4/1/2034 358 114750 114750 6.75 645.47 6/1/2004 57.375 0-29
33621806 5/1/2004 4/1/2034 358 263600 262946.71 6.99 1,751.97 6/1/2004 89.99658587 0-29
33737628 5/1/2004 4/1/2034 358 154000 153643.55 7.375 1,063.64 6/1/2004 92.77108434 0-29
33598731 5/1/2004 4/1/2034 358 67250 67211.25 6 336.25 6/1/2004 79.96432818 0-29
33599804 5/1/2004 4/1/2034 357 140100 140100 5.99 699.33 7/1/2004 89.98073218 0-29
33518051 5/1/2004 4/1/2034 358 188000 188000 5.875 920.42 6/1/2004 80 0-29
33902453 5/1/2004 4/1/2034 358 250750 250750 7.75 1,619.43 6/1/2004 85 0-29
33574716 5/1/2004 4/1/2034 359 116000 115981.67 5.5 531.67 5/1/2004 80 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
-----------------------------------------------------------------------------------------------------------------------------------
33909300 6ML 5.75 3 8 14 24 6 mo.s interest less 20% obal 4/1/2006 6
33418484 6ML 3.875 3 5.125 11.125 36 6 mo.s interest less 20% obal 4/1/2006 6
33225806 6ML 4.875 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2006 6
32739344 6ML 5.875 3 7.375 13.375 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33334004 6ML 4.75 3 6.125 12.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33098120 6ML 6 3 7.375 13.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33843822 6ML 5.875 3 6.875 12.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33235862 6ML 5 3 6.375 12.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33347386 6ML 4.375 3 7.375 13.375 0 None 4/1/2006 6
33964065 6ML 3.875 3 5.5 11.5 0 None 4/1/2006 6
33040494 6ML 6.25 3 7.5 13.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33572264 6ML 5.125 3 6.125 12.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33093253 6ML 5.875 3 7.875 13.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33077124 6ML 5.25 3 7.125 13.125 12 6 mo.s interest less 20% obal 4/1/2006 6
33348566 6ML 5.5 3 7.75 13.75 0 None 4/1/2006 6
33350794 6ML 6.875 3 8.375 14.375 0 None 4/1/2006 6
34083584 6ML 5.375 3 6.375 12.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33624990 6ML 5 3 6.25 12.25 36 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33555723 6ML 4.625 3 6.375 12.375 36 6 mo.s interest less 20% obal 4/1/2007 6
34104208 6ML 5.875 3 7.625 13.625 24 6 mo.s interest less 20% obal 4/1/2006 6
33432212 6ML 5 3 6.875 12.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33349127 6ML 5.5 3 6.875 12.875 0 None 4/1/2007 6
33565862 6ML 4.125 3 5.75 11.75 24 6 mo.s interest less 20% obal 4/1/2009 6
33452533 6ML 5.125 3 8 14 24 6 mo.s interest less 20% obal 4/1/2006 6
33169905 6ML 6.25 3 7.25 13.25 36 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
34107045 6ML 4.875 3 6.75 12.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33621806 6ML 6.25 3 6.99 12.99 24 6 mo.s interest less 20% obal 4/1/2006 6
33737628 6ML 6.625 3 7.375 13.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33598731 6ML 5 3 6 12 24 6 mo.s interest less 20% obal 4/1/2006 6
33599804 6ML 6 3 5.99 11.99 24 6 mo.s interest less 20% obal 4/1/2006 6
33518051 6ML 4.125 3 5.875 11.875 36 6 mo.s interest less 20% obal 4/1/2009 6
33902453 6ML 6.125 3 7.75 13.75 24 6 mo.s interest less 20% obal 4/1/2009 6
33574716 6ML 3.875 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
-----------------------------------------------------
33909300 6 Purchase N N 0
33418484 6 C/O Refi N Y 60
33225806 6 Purchase N Y 60
32739344 6 Purchase N N 0
33334004 6 Purchase N Y 60
33098120 6 C/O Refi N N 0
33843822 6 R/T Refi N N 0
33235862 6 R/T Refi N Y 60
33347386 6 Purchase N N 0
33964065 6 Purchase N Y 60
33040494 6 C/O Refi N N 0
33572264 6 Purchase N Y 60
33093253 6 C/O Refi N Y 60
33077124 6 C/O Refi N N 0
33348566 6 Purchase N N 0
33350794 6 C/O Refi N N 0
34083584 6 C/O Refi N Y 60
33624990 6 Purchase N N 0
33555723 6 C/O Refi N Y 60
34104208 6 Purchase N Y 60
33432212 6 Purchase N N 0
33349127 6 Purchase N N 0
33565862 6 Purchase N Y 60
33452533 6 Purchase N N 0
33169905 6 C/O Refi N Y 60
34107045 6 C/O Refi N Y 60
33621806 6 Purchase N N 0
33737628 6 C/O Refi N N 0
33598731 6 Purchase N Y 60
33599804 6 Purchase N Y 60
33518051 6 C/O Refi N Y 60
33902453 6 C/O Refi N Y 60
33574716 6 C/O Refi N Y 60
D-1-43
EXHIBIT D-2
GROUP 2 MORTGAGE LOAN SCHEDULE
Number of Loans 515
Balance 253,496,240.21
WACC 5.966%
WAM 358.52
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
------------------------------------------------------------------------------------------------------------------------------
34082529 ROWLAND HEIGHTS 91748 CA Single Family Owner Occupied 360.00 4/12/2004
34193805 BUFORD 30519 GA Single Family Owner Occupied 360.00 4/30/2004
33992553 MIRAMAR 33027 FL Single Family Owner Occupied 360.00 4/30/2004
33791583 DAVIS 95616 CA Single Family Owner Occupied 360.00 4/16/2004
33283417 MOUNTAIN VIEW 94043 CA Condo Owner Occupied 360.00 4/20/2004
34120097 LONG BEACH 90803 CA Single Family Owner Occupied 360.00 4/22/2004
34324061 GARDEN GROVE 92841 CA Single Family Owner Occupied 360.00 4/27/2004
34118216 LOS ANGELES 90019 CA Multi Family - 2 Units Owner Occupied 360.00 4/27/2004
33952375 CHULA VISTA 91913 CA PUD Owner Occupied 360.00 4/19/2004
33789645 SOUTH SAN FRANCISCO 94080 CA Single Family Owner Occupied 360.00 4/19/2004
34324822 FALLBROOK 92028 CA Single Family Owner Occupied 360.00 4/26/2004
33954736 SAN DIEGO 92122 CA Condo Owner Occupied 360.00 4/21/2004
33474982 MOORPARK 93021 CA Single Family Owner Occupied 360.00 4/20/2004
34090035 RANCHO CUCAMONGA 91739 CA Single Family Owner Occupied 360.00 4/20/2004
33884040 CHEVY CHASE 20815 MD Single Family Owner Occupied 360.00 4/29/2004
33793365 CONCORD 94518 CA Single Family Owner Occupied 360.00 4/22/2004
34103747 GRANITE BAY 95746 CA Single Family Owner Occupied 360.00 4/5/2004
34087833 BRENTWOOD 90049 CA Condo Owner Occupied 360.00 4/22/2004
4000136200 SALINAS 93901 CA Single Family Owner Occupied 360.00 4/13/2004
34094094 VALENCIA 91381 CA PUD Owner Occupied 360.00 4/27/2004
34088997 GLENDORA 91741 CA Single Family Owner Occupied 360.00 4/12/2004
33945486 LA JOLLA 92037 CA Single Family Owner Occupied 360.00 4/19/2004
34110189 LADERA RANCH AREA 92694 CA PUD Owner Occupied 360.00 4/21/2004
33987454 WEST PALM BEACH 33411 FL PUD Owner Occupied 360.00 4/30/2004
4000141903 UNION CITY 94587 CA Single Family Owner Occupied 360.00 4/16/2004
33994328 DAVIE 33330 FL PUD Owner Occupied 360.00 4/30/2004
34116590 RIVERSIDE 92506 CA Single Family Owner Occupied 360.00 4/15/2004
33882556 ASHBURN 20147 VA PUD Owner Occupied 360.00 4/30/2004
34206052 MINNEAPOLIS 55406 MN Single Family Owner Occupied 360.00 4/30/2004
33475823 AGOURA HILLS 91301 CA Single Family Owner Occupied 360.00 4/15/2004
33592882 WEST UNIVERSITY 77005 TX Single Family Owner Occupied 360.00 4/30/2004
34222661 CAVE CREEK 85331 AZ PUD Owner Occupied 360.00 4/23/2004
32720880 SEATTLE 98199 WA Single Family Owner Occupied 360.00 4/16/2004
34111161 ANAHEIM 92804 CA Single Family Owner Occupied 360.00 4/16/2004
33887092 GLENN DALE 20769 MD Single Family Owner Occupied 360.00 4/20/2004
33952466 SAN DIEGO 92120 CA Single Family Owner Occupied 360.00 4/19/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
---------------------------------------------------------------------------------------------------------------------------------
34082529 6/1/2004 5/1/2034 359 643500 643500 6.125 12/27/1908 6/1/2004 90.00 0-29
34193805 6/1/2004 5/1/2034 359 342450 342450 6.25 11/17/1904 6/1/2004 95.00 0-29
33992553 6/1/2004 5/1/2034 359 438000 438000 6.375 5/14/1906 6/1/2004 100.00 0-29
33791583 6/1/2004 5/1/2034 359 556000 556000 5.625 2/18/1907 6/1/2004 80.00 0-29
33283417 6/1/2004 5/1/2034 359 335050 335050 5.125 11/30/1903 6/1/2004 80.00 0-29
34120097 6/1/2004 5/1/2034 359 584250 584250 6.25 4/29/1908 6/1/2004 95.00 0-29
34324061 6/1/2004 5/1/2034 359 465000 465000 6.625 1/10/1907 6/1/2004 100.00 0-29
34118216 6/1/2004 5/1/2034 359 604000 603855.29 5.75 12/3/1907 6/1/2004 80.00 0-29
33952375 6/1/2004 5/1/2034 359 628000 628000 5.875 5/31/1908 6/1/2004 80.00 0-29
33789645 6/1/2004 5/1/2034 359 600000 600000 5.875 1/15/1908 6/1/2004 80.00 0-29
34324822 6/1/2004 5/1/2034 359 375200 375200 5.5 9/14/1904 6/1/2004 80.00 0-29
33954736 6/1/2004 5/1/2034 359 430000 430000 7.125 12/27/1906 6/1/2004 100.00 0-29
33474982 6/1/2004 5/1/2034 359 468000 467109.57 6.25 11/20/1907 6/1/2004 90.00 0-29
34090035 6/1/2004 5/1/2034 359 363500 362756.98 5.875 11/19/1905 6/1/2004 84.53 0-29
33884040 6/1/2004 5/1/2034 359 1000000 998187.06 6.5 4/20/1917 6/1/2004 62.50 0-29
33793365 6/1/2004 5/1/2034 358 384000 384000 5.125 6/27/1904 7/1/2004 80.00 0-29
34103747 6/1/2004 5/1/2034 358 616000 616000 5.75 1/29/1908 7/1/2004 80.00 0-29
34087833 6/1/2004 5/1/2034 358 524000 524000 5.875 1/8/1907 7/1/2004 80.00 0-29
4000136200 6/1/2004 5/1/2034 358 419000 418900 5.125 11/23/1904 7/1/2004 79.81 0-29
34094094 6/1/2004 5/1/2034 359 572000 572000 5.75 7/2/1907 6/1/2004 80.00 0-29
34088997 6/1/2004 5/1/2034 359 525000 523950.1 5.99 8/9/1908 6/1/2004 75.00 0-29
33945486 6/1/2004 5/1/2034 359 875000 875000 5.625 3/24/1911 6/1/2004 79.55 0-29
34110189 6/1/2004 5/1/2034 359 668000 666759.29 6.375 5/29/1911 6/1/2004 80.00 0-29
33987454 6/1/2004 5/1/2034 359 349400 349400 6.375 1/29/1905 6/1/2004 85.00 0-29
4000141903 6/1/2004 5/1/2034 359 480000 480000 5.25 9/30/1905 6/1/2004 84.96 0-29
33994328 6/1/2004 5/1/2034 359 569600 569600 5.99 10/13/1907 6/1/2004 80.00 0-29
34116590 6/1/2004 5/1/2034 359 367200 366610.96 7.125 10/8/1906 6/1/2004 90.00 0-29
33882556 6/1/2004 5/1/2034 359 518150 518150 5.875 12/10/1906 6/1/2004 80.00 0-29
34206052 6/1/2004 5/1/2034 359 388850 388850 6 4/27/1905 6/1/2004 89.99 0-29
33475823 6/1/2004 5/1/2034 359 532000 532000 5.625 10/28/1906 6/1/2004 80.00 0-29
33592882 6/1/2004 5/1/2034 359 350000 349465.7 7.375 8/13/1906 6/1/2004 100.00 0-29
34222661 6/1/2004 5/1/2034 358 357000 356398.42 6.875 6/2/1906 7/1/2004 85.00 0-29
32720880 6/1/2004 5/1/2034 359 488000 488000 5.75 5/26/1906 6/1/2004 80.00 0-29
34111161 6/1/2004 5/1/2034 359 344000 344000 5.5 4/24/1904 6/1/2004 80.00 0-29
33887092 6/1/2004 5/1/2034 359 357000 357000 7.125 10/19/1905 6/1/2004 85.00 0-29
33952466 6/1/2004 5/1/2034 359 600000 600000 5.625 9/12/1907 6/1/2004 80.00 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
34082529 6ML 4.625 3 6.125 12.125 12 6 mo.s interest less 20% obal 5/1/2006 6
34193805 6ML 5.375 3 6.25 12.25 0 None 5/1/2006 6
33992553 6ML 5 3 6.375 12.375 12 6 mo.s interest less 20% obal 5/1/2006 6
33791583 6ML 3.625 3 5.625 11.625 36 6 mo.s interest less 20% obal 5/1/2009 6
33283417 6ML 3.625 3 5.125 11.125 24 6 mo.s interest less 20% obal 5/1/2006 6
34120097 6ML 4.75 3 6.25 12.25 0 None 5/1/2006 6
34324061 6ML 5.625 3 6.625 12.625 24 6 mo.s interest less 20% obal 5/1/2006 6
34118216 6ML 3.5 3 5.75 11.75 0 None 5/1/2007 6
33952375 6ML 4.25 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33789645 6ML 4 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2006 6
34324822 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33954736 6ML 5.875 3 7.125 13.125 24 6 mo.s interest less 20% obal 5/1/2006 6
33474982 6ML 5.375 3 6.25 12.25 12 6 mo.s interest less 20% obal 5/1/2006 6
34090035 6ML 5.25 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33884040 6ML 4.125 3 6.5 12.5 36 6 mo.s interest less 20% obal 5/1/2009 6
33793365 6ML 3.375 3 5.125 11.125 36 6 mo.s interest less 20% obal 5/1/2009 6
34103747 6ML 4.25 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34087833 6ML 3.5 3 5.875 11.875 12 6 mo.s interest less 20% obal 5/1/2006 6
4000136200 6ML 3.375 3 5.125 11.125 24 6 mo.s interest less 20% obal 5/1/2009 6
34094094 6ML 4.125 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34088997 6ML 4.5 3 5.99 11.99 24 6 mo.s interest less 20% obal 5/1/2006 6
33945486 6ML 3.75 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2006 6
34110189 6ML 4.25 3 6.375 12.375 12 6 mo.s interest less 20% obal 5/1/2006 6
33987454 6ML 5.5 3 6.375 12.375 36 6 mo.s interest less 20% obal 5/1/2007 6
4000141903 6ML 4.25 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33994328 6ML 4.375 3 5.99 11.99 24 6 mo.s interest less 20% obal 5/1/2006 6
34116590 6ML 6.625 3 7.125 13.125 24 6 mo.s interest less 20% obal 5/1/2006 6
33882556 6ML 4.375 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2006 6
34206052 6ML 5.375 3 6 12 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33475823 6ML 3.5 3 5.625 11.625 12 6 mo.s interest less 20% obal 5/1/2006 6
33592882 6ML 5.875 3 7.375 13.375 24 6 mo.s interest less 20% obal 5/1/2006 6
34222661 6ML 6.125 3 6.875 12.875 36 6 mo.s interest less 20% obal 5/1/2007 6
32720880 6ML 4.125 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34111161 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33887092 6ML 5.375 3 7.125 13.125 12 6 mo.s interest less 20% obal 5/1/2006 6
33952466 6ML 3.5 3 5.625 11.625 36 6 mo.s interest less 20% obal 5/1/2009 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------
34082529 6 C/O Refi N Y 60
34193805 6 Purchase N Y 60
33992553 6 Purchase N Y 60
33791583 6 Purchase N Y 60
33283417 6 Purchase N Y 60
34120097 6 Purchase N Y 60
34324061 6 Purchase N Y 60
34118216 6 Purchase N Y 60
33952375 6 Purchase N Y 60
33789645 6 C/O Refi N Y 60
34324822 6 Purchase N Y 60
33954736 6 Purchase N Y 60
33474982 6 C/O Refi N N 0
34090035 6 C/O Refi N N 0
33884040 6 Purchase N N 0
33793365 6 C/O Refi N Y 60
34103747 6 Purchase N Y 60
34087833 6 Purchase N Y 60
4000136200 6 Purchase N Y 60
34094094 6 Purchase N Y 60
34088997 6 C/O Refi N N 0
33945486 6 Purchase N Y 60
34110189 6 Purchase N N 0
33987454 6 Purchase N Y 60
4000141903 6 C/O Refi N Y 60
33994328 6 Purchase N Y 60
34116590 6 Purchase N N 0
33882556 6 Purchase N Y 60
34206052 6 Purchase N Y 60
33475823 6 Purchase N Y 60
33592882 6 Purchase N N 0
34222661 6 C/O Refi N N 0
32720880 6 C/O Refi N Y 60
34111161 6 Purchase N Y 60
33887092 6 C/O Refi N Y 60
33952466 6 Purchase N Y 60
D-2-1
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
------------------------------------------------------------------------------------------------------------------------------
34008052 HOUSTON 77008 TX Single Family Owner Occupied 360.00 4/30/2004
33556515 VISTA 92084 CA Single Family Owner Occupied 360.00 4/16/2004
33955071 CORONADO 92118 CA Condo Owner Occupied 360.00 4/26/2004
33794884 OAKLAND 94605 CA Single Family Owner Occupied 360.00 4/28/2004
33883844 BOWIE 20715 MD Single Family Owner Occupied 360.00 4/16/2004
33785023 SANTA ROSA 95401 CA Single Family Owner Occupied 360.00 4/9/2004
4000140483 MORGAN HILL 95037 CA PUD Owner Occupied 360.00 4/19/2004
4000139684 SALINAS 93906 CA Single Family Owner Occupied 360.00 4/16/2004
34193664 ALEXANDRIA 22309 VA Single Family Owner Occupied 360.00 4/30/2004
34342295 COSTA MESA 92627 CA Condo Owner Occupied 360.00 4/28/2004
33787508 AMERICAN CANYON 94503 CA Single Family Owner Occupied 360.00 4/14/2004
34107656 LAGUNA BEACH 92651 CA Condo Owner Occupied 360.00 4/7/2004
34084459 RESEDA 91335 CA Single Family Owner Occupied 360.00 4/14/2004
34121335 ARCADIA 91006 CA Single Family Owner Occupied 360.00 4/27/2004
33891565 WOODBRIDGE 22193 VA PUD Owner Occupied 360.00 4/30/2004
33626516 OXFORD 48371 MI Single Family Owner Occupied 360.00 4/26/2004
34123471 MIDDLETOWN 45044 OH PUD Owner Occupied 360.00 4/30/2004
4000143291 HAYWARD 94545 CA Single Family Owner Occupied 360.00 4/23/2004
33038902 GAITHERSBURG 20882 MD Single Family Owner Occupied 360.00 4/26/2004
34105502 WEST COVINA 91791 CA PUD Owner Occupied 360.00 4/21/2004
34324079 SANTA ANA 92703 CA Single Family Owner Occupied 360.00 4/27/2004
33950320 WHITTIER 90604 CA Single Family Owner Occupied 360.00 4/15/2004
34089144 WALNUT 91789 CA Single Family Owner Occupied 360.00 4/19/2004
33762543 ELMHURST 11373 NY Multi Family - 2 Units Owner Occupied 360.00 4/30/2004
33338203 SAN CLEMENTE 92673 CA PUD Owner Occupied 360.00 4/19/2004
33240938 HENDERSON 89012 NV PUD Owner Occupied 360.00 4/28/2004
34104166 CANYON LAKE 92587 CA PUD Owner Occupied 360.00 4/16/2004
33479163 LOS ANGELES 91364 CA Single Family Owner Occupied 360.00 4/28/2004
33557844 ESCONDIDO 92025 CA Single Family Owner Occupied 360.00 4/14/2004
33890633 BOONSBORO 21713 MD PUD Owner Occupied 360.00 4/29/2004
33822354 INDIO 92201 CA PUD Owner Occupied 360.00 4/14/2004
33117474 NEW PRAGUE 56071 MN Single Family Owner Occupied 360.00 4/20/2004
34246124 ST AUGUSTINE 32092 FL PUD Owner Occupied 360.00 4/30/2004
33238486 LAS VEGAS 89144 NV PUD Owner Occupied 360.00 4/15/2004
33359282 CHARLOTTE 28277 NC PUD Owner Occupied 360.00 4/30/2004
34092429 LOS ANGELES 90068 CA Single Family Owner Occupied 360.00 4/22/2004
34204180 MEDICINE LAKE 55441 MN Single Family Owner Occupied 360.00 4/29/2004
33967894 PARKER 80138 CO Single Family Owner Occupied 360.00 4/21/2004
33239849 LAS VEGAS 89129 NV PUD Owner Occupied 360.00 4/19/2004
34324764 DUBLIN 94568 CA Single Family Owner Occupied 360.00 4/28/2004
4000143529 SAN JOSE 95138 CA Single Family Owner Occupied 360.00 4/27/2004
34116822 COTO DE CAZA AREA 92679 CA PUD Owner Occupied 360.00 4/16/2004
33477290 SAUGUS 91390 CA Single Family Owner Occupied 360.00 4/19/2004
33735325 LOS ALAMITOS 90720 CA Single Family Owner Occupied 360.00 4/14/2004
33079138 SANTA CLARA 95054 CA PUD Owner Occupied 360.00 4/20/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
---------------------------------------------------------------------------------------------------------------------------------
34008052 6/1/2004 5/1/2034 358 365000 364369.71 6.75 6/24/1906 7/1/2004 100.00 0-29
33556515 6/1/2004 5/1/2034 359 472000 472000 5.25 8/26/1905 6/1/2004 80.00 0-29
33955071 6/1/2004 5/1/2034 359 600000 600000 5.99 3/13/1908 6/1/2004 80.00 0-29
33794884 6/1/2004 5/1/2034 359 480000 480000 5.25 9/30/1905 6/1/2004 80.00 0-29
33883844 6/1/2004 5/1/2034 359 396800 396194.28 7.375 7/2/1907 6/1/2004 80.00 0-29
33785023 6/1/2004 5/1/2034 359 750000 749999.99 5.875 1/18/1910 6/1/2004 78.95 0-29
4000140483 6/1/2004 5/1/2034 359 452000 452000 4.125 4/1/1904 6/1/2004 80.00 0-29
4000139684 6/1/2004 5/1/2034 359 334400 334400 5.5 3/11/1904 6/1/2004 80.00 0-29
34193664 6/1/2004 5/1/2034 359 958750 958750 6 2/13/1913 6/1/2004 65.00 0-29
34342295 6/1/2004 5/1/2034 359 416000 416000 5.375 2/5/1905 6/1/2004 80.00 0-29
33787508 6/1/2004 5/1/2034 359 530450 530450 5.5 8/27/1906 6/1/2004 80.00 0-29
34107656 6/1/2004 5/1/2034 359 420000 420000 4.99 10/11/1904 6/1/2004 80.00 0-29
34084459 6/1/2004 5/1/2034 359 343250 343250 6.99 6/21/1905 6/1/2004 84.75 0-29
34121335 6/1/2004 5/1/2034 359 452000 452000 5.875 1/20/1906 6/1/2004 80.00 0-29
33891565 6/1/2004 5/1/2034 358 444600 444600 7 2/5/1907 7/1/2004 89.99 0-29
33626516 6/1/2004 5/1/2034 359 500000 499177.91 7 2/7/1909 6/1/2004 75.19 0-29
34123471 6/1/2004 5/1/2034 359 428000 428000 4.625 7/6/1904 6/1/2004 80.00 0-29
4000143291 6/1/2004 5/1/2034 359 367600 367600 5.5 8/10/1904 6/1/2004 80.00 0-29
33038902 6/1/2004 5/1/2034 359 404000 403646.25 6.375 11/15/1905 6/1/2004 80.00 0-29
34105502 6/1/2004 5/1/2034 359 467000 467000 6.625 1/21/1907 6/1/2004 89.98 0-29
34324079 6/1/2004 5/1/2034 359 439900 439900 6.625 8/24/1906 6/1/2004 100.00 0-29
33950320 6/1/2004 5/1/2034 358 367200 367200 6.5 6/11/1905 7/1/2004 90.00 0-29
34089144 6/1/2004 5/1/2034 359 367500 366730.76 5.75 11/13/1905 6/1/2004 75.00 0-29
33762543 6/1/2004 5/1/2034 359 532000 532000 6.625 1/15/1908 6/1/2004 80.00 0-29
33338203 6/1/2004 5/1/2034 359 600000 600000 5.375 5/10/1907 6/1/2004 80.00 0-29
33240938 6/1/2004 5/1/2034 359 364500 363970.69 7.625 1/22/1907 6/1/2004 90.00 0-29
34104166 6/1/2004 5/1/2034 359 520000 520000 6.375 7/24/1907 6/1/2004 80.00 0-29
33479163 6/1/2004 5/1/2034 359 920000 920000 6.25 2/11/1913 6/1/2004 80.00 0-29
33557844 6/1/2004 5/1/2034 359 400000 399274.82 6.5 12/2/1906 6/1/2004 59.70 0-29
33890633 6/1/2004 5/1/2034 359 571900 570674.34 5.625 1/4/1909 6/1/2004 80.00 0-29
33822354 6/1/2004 5/1/2034 359 356250 356250 6.625 5/19/1905 6/1/2004 95.00 0-29
33117474 6/1/2004 5/1/2034 359 515200 514265.97 6.5 11/29/1908 6/1/2004 80.00 0-29
34246124 6/1/2004 5/1/2034 358 370000 369337.69 6.875 8/26/1906 7/1/2004 100.00 0-29
33238486 6/1/2004 5/1/2034 359 750000 750000 6.99 12/16/1911 6/1/2004 65.22 0-29
33359282 6/1/2004 5/1/2034 359 540000 540000 7.25 12/5/1908 6/1/2004 100.00 0-29
34092429 6/1/2004 5/1/2034 358 700000 700000 6.5 5/18/1910 7/1/2004 70.00 0-29
34204180 6/1/2004 5/1/2034 359 400000 400000 5.125 9/3/1904 6/1/2004 80.00 0-29
33967894 6/1/2004 5/1/2034 359 418000 418000 6.99 8/30/1906 6/1/2004 95.00 0-29
33239849 6/1/2004 5/1/2034 359 422150 422150 5.75 7/14/1905 6/1/2004 90.00 0-29
34324764 6/1/2004 5/1/2034 359 614000 614000 5.875 3/24/1908 6/1/2004 79.95 0-29
4000143529 6/1/2004 5/1/2034 359 644800 644800 5.5 2/2/1908 6/1/2004 80.00 0-29
34116822 6/1/2004 5/1/2034 358 694400 694400 6.5 4/18/1910 7/1/2004 80.00 0-29
33477290 6/1/2004 5/1/2034 359 400000 399200.07 5.99 7/22/1906 6/1/2004 80.00 0-29
33735325 6/1/2004 5/1/2034 359 780000 780000 5.625 1/3/1910 6/1/2004 75.00 0-29
33079138 6/1/2004 5/1/2034 358 559600 559600 5.5 1/7/1907 7/1/2004 79.99 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
34008052 6ML 5.625 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33556515 6ML 3.75 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33955071 6ML 4.125 3 5.99 11.99 24 6 mo.s interest less 20% obal 5/1/2006 6
33794884 6ML 3.875 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33883844 6ML 6 3 7.375 13.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33785023 6ML 4 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2006 6
4000140483 6ML 3.375 3 4.125 10.125 36 6 mo.s interest less 20% obal 5/1/2006 6
4000139684 6ML 4.25 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34193664 6ML 3.75 3 6 12 24 6 mo.s interest less 20% obal 5/1/2007 6
34342295 6ML 4 3 5.375 11.375 36 6 mo.s interest less 20% obal 5/1/2007 6
33787508 6ML 5.5 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34107656 6ML 3.375 3 4.99 10.99 24 6 mo.s interest less 20% obal 5/1/2006 6
34084459 6ML 5.875 3 6.99 12.99 24 6 mo.s interest less 20% obal 5/1/2006 6
34121335 6ML 3.5 3 5.875 11.875 36 6 mo.s interest less 20% obal 5/1/2009 6
33891565 6ML 6.25 3 7 13 24 6 mo.s interest less 20% obal 5/1/2006 6
33626516 6ML 5.375 3 7 13 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34123471 6ML 3.375 3 4.625 10.625 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2009 6
4000143291 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33038902 6ML 3.625 3 6.375 12.375 0 None 5/1/2009 6
34105502 6ML 5.625 3 6.625 12.625 24 6 mo.s interest less 20% obal 5/1/2006 6
34324079 6ML 5.625 3 6.625 12.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33950320 6ML 5.5 3 6.5 12.5 36 6 mo.s interest less 20% obal 5/1/2007 6
34089144 6ML 4.625 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33762543 6ML 4.25 3 6.625 12.625 0 None 5/1/2009 6
33338203 6ML 3.5 3 5.375 11.375 12 6 mo.s interest less 20% obal 5/1/2006 6
33240938 6ML 4.625 3 7.625 13.625 0 None 5/1/2006 6
34104166 6ML 4.375 3 6.375 12.375 12 6 mo.s interest less 20% obal 5/1/2006 6
33479163 6ML 4.25 3 6.25 12.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33557844 6ML 4.5 3 6.5 12.5 24 6 mo.s interest less 20% obal 5/1/2009 6
33890633 6ML 4.25 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33822354 6ML 5.375 3 6.625 12.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33117474 6ML 4 3 6.5 12.5 36 min (2% prepaid, 60 days interest) 5/1/2006 6
34246124 6ML 5.75 3 6.875 12.875 36 6 mo.s interest less 20% obal 5/1/2009 6
33238486 6ML 4.875 3 6.99 12.99 24 6 mo.s interest less 20% obal 5/1/2006 6
33359282 6ML 6 3 7.25 13.25 0 None 5/1/2006 6
34092429 6ML 4.25 3 6.5 12.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34204180 6ML 4 3 5.125 11.125 36 min (2% prepaid, 60 days interest) 5/1/2006 6
33967894 6ML 5.25 3 6.99 12.99 12 6 mo.s interest less 20% obal 5/1/2007 6
33239849 6ML 4.875 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34324764 6ML 3.875 3 5.875 11.875 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000143529 6ML 3.75 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34116822 6ML 4.625 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33477290 6ML 4.625 3 5.99 11.99 1/0/1900 None 5/1/2006 6
33735325 6ML 3.75 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33079138 6ML 3.875 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------
34008052 6 Purchase N N 0
33556515 6 Purchase N Y 60
33955071 6 Purchase N Y 60
33794884 6 Purchase N Y 60
33883844 6 C/O Refi N N 0
33785023 6 Purchase N Y 60
4000140483 6 Purchase N Y 60
4000139684 6 Purchase N Y 60
34193664 6 Purchase N Y 60
34342295 6 Purchase N Y 60
33787508 6 Purchase N Y 60
34107656 6 Purchase N Y 60
34084459 6 Purchase N Y 60
34121335 6 Purchase N Y 60
33891565 6 Purchase N Y 60
33626516 6 R/T Refi N N 0
34123471 6 Purchase N Y 60
4000143291 6 Purchase N Y 60
33038902 6 C/O Refi N Y 60
34105502 6 Purchase N Y 60
34324079 6 Purchase N Y 60
33950320 6 C/O Refi N Y 60
34089144 6 C/O Refi N N 0
33762543 6 Purchase N Y 60
33338203 6 Purchase N Y 60
33240938 6 Purchase N N 0
34104166 6 Purchase N Y 60
33479163 6 Purchase N Y 60
33557844 6 C/O Refi N N 0
33890633 6 Purchase N N 0
33822354 6 C/O Refi N Y 60
33117474 6 C/O Refi N N 0
34246124 6 Purchase N N 0
33238486 6 Purchase N Y 60
33359282 6 Purchase N Y 60
34092429 6 C/O Refi N Y 60
34204180 6 Purchase N Y 60
33967894 6 C/O Refi N Y 60
33239849 6 Purchase N Y 60
34324764 6 Purchase N Y 60
4000143529 6 Purchase N Y 60
34116822 6 Purchase N Y 60
33477290 6 C/O Refi N N 0
33735325 6 Purchase N Y 60
33079138 6 Purchase N Y 60
D-2-2
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
------------------------------------------------------------------------------------------------------------------------------
33951351 SAN DIEGO 92128 CA Single Family Owner Occupied 360.00 4/20/2004
33477084 CANOGA PARK AREA 91306 CA Single Family Owner Occupied 360.00 4/16/2004
4000140880 SAN JOSE 95124 CA Single Family Owner Occupied 360.00 4/21/2004
33993130 HOLMES BEACH 34217 FL Single Family Owner Occupied 360.00 4/30/2004
34026039 SHREWSBURY 1545 MA Single Family Owner Occupied 360.00 4/20/2004
34114074 WHITTIER 90604 CA Single Family Owner Occupied 360.00 4/22/2004
33942319 PLACERVILLE 95667 CA Single Family Owner Occupied 360.00 4/15/2004
34092726 LONG BEACH 90814 CA Single Family Owner Occupied 360.00 4/27/2004
33772955 MASPETH 11378 NY Multi Family - 2 Units Owner Occupied 360.00 4/23/2004
33790858 SAN JUAN BAUTISTA 95045 CA PUD Owner Occupied 360.00 4/15/2004
4000107358 WEST HOLLYWOOD 90069 CA Single Family Owner Occupied 360.00 4/23/2004
33767070 WADING RIVER 11792 NY Single Family Owner Occupied 360.00 4/28/2004
34092098 NORTHRIDGE 91326 CA Condo Owner Occupied 360.00 4/23/2004
33510413 LADERA RANCH 92694 CA Condo Owner Occupied 360.00 4/20/2004
33950361 SPRING VALLEY 91977 CA Single Family Owner Occupied 360.00 4/9/2004
33967142 DENVER 80209 CO Single Family Owner Occupied 360.00 4/16/2004
34115428 ALISO VIEJO 92656 CA Single Family Owner Occupied 360.00 4/22/2004
34115931 MURRIETA 92563 CA Single Family Owner Occupied 360.00 4/23/2004
33786781 OAKLAND 94619 CA Single Family Owner Occupied 360.00 4/13/2004
33478173 LOS ANGELES 91304 CA Single Family Owner Occupied 360.00 4/23/2004
33837550 CORONA 92880 CA PUD Owner Occupied 360.00 4/19/2004
34282087 POMONA 91767 CA Single Family Owner Occupied 360.00 4/25/2004
34050252 FLOWER MOUND 75028 TX PUD Owner Occupied 360.00 4/22/2004
34110148 DANA POINT 92629 CA Single Family Owner Occupied 360.00 4/13/2004
33955386 ENCINITAS 92024 CA Single Family Owner Occupied 360.00 4/26/2004
34062414 HENDERSON 89014 NV Single Family Owner Occupied 360.00 4/26/2004
33844911 SARATOGA SPRINGS 84043 UT PUD Owner Occupied 360.00 4/22/2004
34283028 RIVERSIDE 92509 CA Single Family Owner Occupied 360.00 4/26/2004
34087148 LOS ANGELES 90056 CA Single Family Owner Occupied 360.00 4/15/2004
33791849 ROSEVILLE 95747 CA Single Family Owner Occupied 360.00 4/22/2004
33837535 MURRIETA 92563 CA Single Family Owner Occupied 360.00 4/22/2004
33473455 SANTA BARBARA 93101 CA Single Family Non-Owner Occupied 360.00 4/2/2004
33792003 SAN FRANCISCO 94103 CA Condo Owner Occupied 360.00 4/16/2004
34285965 CORONA 92879 CA Single Family Owner Occupied 360.00 4/28/2004
33786443 ANTIOCH 94509 CA Single Family Owner Occupied 360.00 4/22/2004
33579863 WEST LINN 97068 OR PUD Owner Occupied 360.00 4/15/2004
4000139702 HOLLISTER 95023 CA Single Family Owner Occupied 360.00 4/26/2004
33688540 SUNNYVALE 94085 CA Single Family Owner Occupied 360.00 4/21/2004
33475187 VENTURA 93003 CA Single Family Owner Occupied 360.00 4/16/2004
33891623 NEW MARKET 21774 MD PUD Owner Occupied 360.00 4/30/2004
33961186 CARLSBAD 92009 CA Condo Owner Occupied 360.00 4/28/2004
34103812 CONCORD 94521 CA PUD Owner Occupied 360.00 4/19/2004
33959008 SAN DIEGO 92119 CA Single Family Owner Occupied 360.00 4/22/2004
33599796 MONTGOMERY 77356 TX PUD Owner Occupied 360.00 4/22/2004
33836859 CORONA 92880 CA Single Family Owner Occupied 360.00 4/14/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
---------------------------------------------------------------------------------------------------------------------------------
33951351 6/1/2004 5/1/2034 359 620000 619857.92 5.5 10/11/1907 6/1/2004 80.00 0-29
33477084 6/1/2004 5/1/2034 359 403750 403750 6.5 12/25/1905 6/1/2004 95.00 0-29
4000140880 6/1/2004 5/1/2034 359 427000 427000 5.625 6/23/1905 6/1/2004 89.71 0-29
33993130 6/1/2004 5/1/2034 358 867700 865926.33 5.875 1/18/1914 7/1/2004 65.00 0-29
34026039 6/1/2004 5/1/2034 359 575000 573957.55 6.5 12/12/1909 6/1/2004 81.68 0-29
34114074 6/1/2004 5/1/2034 359 364000 364000 5.5 7/25/1904 6/1/2004 80.00 0-29
33942319 6/1/2004 5/1/2034 359 598400 597055.92 5.375 3/3/1909 6/1/2004 80.00 0-29
34092726 6/1/2004 5/1/2034 359 344000 344000 6.125 10/20/1904 6/1/2004 80.00 0-29
33772955 6/1/2004 5/1/2034 359 456000 454575.12 4.875 8/9/1906 6/1/2004 80.00 0-29
33790858 6/1/2004 5/1/2034 359 600000 600000 5.5 7/12/1907 6/1/2004 77.77 0-29
4000107358 6/1/2004 5/1/2034 358 732800 732800 4.75 12/9/1907 7/1/2004 80.00 0-29
33767070 6/1/2004 5/1/2034 358 600000 588000 6 3/18/1908 7/1/2004 80.14 0-29
34092098 6/1/2004 5/1/2034 359 425000 425000 5.99 10/21/1905 6/1/2004 89.99 0-29
33510413 6/1/2004 5/1/2034 358 396000 396000 5.75 3/11/1905 7/1/2004 80.00 0-29
33950361 6/1/2004 5/1/2034 359 400000 400000 5.5 1/6/1905 6/1/2004 80.00 0-29
33967142 6/1/2004 5/1/2034 359 416000 416000 5.875 7/28/1905 6/1/2004 73.63 0-29
34115428 6/1/2004 5/1/2034 359 500000 500000 5.125 11/4/1905 6/1/2004 78.74 0-29
34115931 6/1/2004 5/1/2034 359 337000 336444.82 6.99 2/16/1906 6/1/2004 77.47 0-29
33786781 6/1/2004 5/1/2034 359 356000 356000 4.625 10/3/1903 6/1/2004 80.00 0-29
33478173 6/1/2004 5/1/2034 359 504000 504000 6.375 4/30/1907 6/1/2004 80.00 0-29
33837550 6/1/2004 5/1/2034 358 336000 336000 5.75 5/28/1904 7/1/2004 80.00 0-29
34282087 6/1/2004 5/1/2034 359 429600 429600 5.125 1/7/1905 6/1/2004 80.00 0-29
34050252 6/1/2004 5/1/2034 359 532000 531553.05 6.875 7/25/1909 6/1/2004 95.00 0-29
34110148 6/1/2004 5/1/2034 359 616000 616000 5.5 9/23/1907 6/1/2004 80.00 0-29
33955386 6/1/2004 5/1/2034 359 861300 861300 6.375 7/10/1912 6/1/2004 66.25 0-29
34062414 6/1/2004 5/1/2034 359 384500 384500 6.375 8/3/1905 6/1/2004 100.00 0-29
33844911 6/1/2004 5/1/2034 359 340000 340000 5.125 12/22/1903 6/1/2004 80.00 0-29
34283028 6/1/2004 5/1/2034 359 387000 386363.69 7 1/17/1907 6/1/2004 90.00 0-29
34087148 6/1/2004 5/1/2034 359 600000 600000 5.125 1/5/1907 6/1/2004 80.00 0-29
33791849 6/1/2004 5/1/2034 359 404000 404000 5.125 9/20/1904 6/1/2004 80.00 0-29
33837535 6/1/2004 5/1/2034 359 408700 408600 6.375 12/10/1905 6/1/2004 88.85 0-29
33473455 6/1/2004 5/1/2034 359 540000 540000 5.5 10/10/1906 6/1/2004 80.00 0-29
33792003 6/1/2004 5/1/2034 358 525000 525000 6.375 8/20/1907 7/1/2004 100.00 0-29
34285965 6/1/2004 5/1/2034 359 410375 410375 7.25 10/14/1906 6/1/2004 87.50 0-29
33786443 6/1/2004 5/1/2034 359 360000 360000 5.99 12/1/1904 6/1/2004 80.00 0-29
33579863 6/1/2004 5/1/2034 358 350000 350000 6.125 11/20/1904 7/1/2004 63.75 0-29
4000139702 6/1/2004 5/1/2034 359 628700 628700 5.25 7/12/1907 6/1/2004 80.00 0-29
33688540 6/1/2004 5/1/2034 359 408000 408000 5.375 12/31/1904 6/1/2004 80.00 0-29
33475187 6/1/2004 5/1/2034 359 388000 388000 5.25 8/23/1904 6/1/2004 80.00 0-29
33891623 6/1/2004 5/1/2034 359 439900 439900 5.5 7/8/1905 6/1/2004 80.00 0-29
33961186 6/1/2004 5/1/2034 359 375000 375000 6.125 3/28/1905 6/1/2004 77.48 0-29
34103812 6/1/2004 5/1/2034 359 666800 666800 5.625 7/21/1908 6/1/2004 79.99 0-29
33959008 6/1/2004 5/1/2034 359 394000 394000 6.25 8/13/1905 6/1/2004 72.43 0-29
33599796 6/1/2004 5/1/2034 359 400000 399058.76 5.125 12/16/1905 6/1/2004 80.00 0-29
33836859 6/1/2004 5/1/2034 359 355000 355000 6 11/9/1904 6/1/2004 73.20 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
33951351 6ML 3.75 3 5.5 11.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33477084 6ML 5.5 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000140880 6ML 4.875 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33993130 6ML 3.875 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34026039 6ML 5 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34114074 6ML 4.125 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33942319 6ML 3.625 3 5.375 11.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
34092726 6ML 3.875 1 6.125 12.125 1/0/1900 None 11/1/2004 6
33772955 6ML 3.75 3 4.875 10.875 1/0/1900 None 5/1/2007 6
33790858 6ML 3.5 3 5.5 11.5 1/0/1900 None 5/1/2006 6
4000107358 6ML 3.375 3 4.75 10.75 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33767070 6ML 4.875 3 6 12 1/0/1900 None 5/1/2006 6
34092098 6ML 4.875 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33510413 6ML 3.75 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33950361 6ML 3.625 3 5.5 11.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33967142 6ML 4.125 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2007 6
34115428 6ML 3.625 3 5.125 11.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
34115931 6ML 5.625 3 6.99 12.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33786781 6ML 3.375 3 4.625 10.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33478173 6ML 4.75 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33837550 6ML 4.5 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34282087 6ML 3.625 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34050252 6ML 5.625 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34110148 6ML 3.625 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33955386 6ML 3.875 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34062414 6ML 5.375 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33844911 6ML 3.375 3 5.125 11.125 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
34283028 6ML 6 3 7 13 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34087148 6ML 3.875 1 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 11/1/2004 6
33791849 6ML 4 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33837535 6ML 5.375 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33473455 6ML 3.5 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33792003 6ML 5 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
34285965 6ML 6.25 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33786443 6ML 4.5 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33579863 6ML 4 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
4000139702 6ML 3.625 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33688540 6ML 3.375 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33475187 6ML 3.375 3 5.25 11.25 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33891623 6ML 4 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33961186 6ML 4.5 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34103812 6ML 3.75 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33959008 6ML 4.625 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33599796 6ML 3.75 3 5.125 11.125 1/0/1900 None 5/1/2006 6
33836859 6ML 4.25 3 6 12 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------
33951351 6 Purchase N Y 60
33477084 6 Purchase N Y 60
4000140880 6 R/T Refi N Y 60
33993130 6 Purchase N N 0
34026039 6 C/O Refi N N 0
34114074 6 Purchase N Y 60
33942319 6 Purchase N N 0
34092726 6 Purchase N Y 60
33772955 6 C/O Refi N N 0
33790858 6 Purchase N Y 60
4000107358 6 Purchase N Y 60
33767070 6 Purchase N Y 60
34092098 6 Purchase N Y 60
33510413 6 Purchase N Y 60
33950361 6 Purchase N Y 60
33967142 6 C/O Refi N Y 60
34115428 6 Purchase N Y 60
34115931 6 C/O Refi N N 0
33786781 6 Purchase N Y 60
33478173 6 Purchase N Y 60
33837550 6 Purchase N Y 60
34282087 6 Purchase N Y 60
34050252 6 R/T Refi N N 0
34110148 6 C/O Refi N Y 60
33955386 6 C/O Refi N Y 60
34062414 6 Purchase N Y 60
33844911 6 Purchase N Y 60
34283028 6 C/O Refi N N 0
34087148 6 Purchase N Y 60
33791849 6 Purchase N Y 60
33837535 6 R/T Refi N Y 60
33473455 6 Purchase N Y 60
33792003 6 Purchase N Y 60
34285965 6 Purchase N Y 60
33786443 6 Purchase N Y 60
33579863 6 Purchase N Y 60
4000139702 6 Purchase N Y 60
33688540 6 Purchase N Y 60
33475187 6 Purchase N Y 60
33891623 6 Purchase N Y 60
33961186 6 C/O Refi N Y 60
34103812 6 Purchase N Y 60
33959008 6 Purchase N Y 60
33599796 6 C/O Refi N N 0
33836859 6 Purchase N Y 60
D-2-3
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
------------------------------------------------------------------------------------------------------------------------------
33946682 SACRAMENTO 95819 CA Single Family Owner Occupied 360.00 4/9/2004
33956053 LA MESA 91941 CA Single Family Owner Occupied 360.00 4/23/2004
33952219 SAN DIEGO 92127 CA PUD Owner Occupied 360.00 4/8/2004
33951468 CHINO HILLS 91709 CA Single Family Owner Occupied 360.00 4/16/2004
34106609 DISCOVERY BAY 94514 CA PUD Owner Occupied 360.00 4/23/2004
33994708 CORAL SPRINGS 33076 FL PUD Owner Occupied 360.00 4/30/2004
33478041 OXNARD AREA 93036 CA Single Family Owner Occupied 360.00 4/26/2004
33958901 SAN DIEGO 92101 CA Condo >4 Owner Occupied 360.00 4/23/2004
4000135808 LAKEWOOD 90712 CA Single Family Owner Occupied 360.00 4/14/2004
34167502 ALGONQUIN 60102 IL Single Family Owner Occupied 360.00 4/26/2004
33585381 HOUSTON 77024 TX PUD Owner Occupied 360.00 4/23/2004
33626763 SMITHS CREEK 48074 MI Single Family Owner Occupied 360.00 4/23/2004
33791096 SAN MATEO 94402 CA Single Family Owner Occupied 360.00 4/16/2004
34091454 LOS ANGELES 90068 CA Single Family Owner Occupied 360.00 4/19/2004
34085035 GLENDORA 91741 CA Single Family Owner Occupied 360.00 4/16/2004
34119966 LAS VEGAS 89109 NV Condo >4 Owner Occupied 360.00 4/27/2004
34086769 UPLAND 91784 CA Single Family Owner Occupied 360.00 4/16/2004
34163659 CHICAGO 60613 IL Condo >4 Owner Occupied 360.00 4/30/2004
33477720 CHATSWORTH AREA 91311 CA Single Family Owner Occupied 360.00 4/28/2004
33792037 SUNNYVALE 94086 CA Condo Owner Occupied 360.00 4/26/2004
33476656 VAN NUYS AREA 91406 CA Single Family Owner Occupied 360.00 4/14/2004
33985730 MIAMI LAKES 33014 FL Single Family Owner Occupied 360.00 4/16/2004
34167460 CHICAGO 60614 IL Condo Owner Occupied 360.00 4/27/2004
34088930 LA CRESCENTA 91214 CA Single Family Owner Occupied 360.00 4/15/2004
34108621 CORONA 92880 CA Single Family Owner Occupied 360.00 4/22/2004
33958588 ESCONDIDO 92026 CA Single Family Owner Occupied 360.00 4/26/2004
33955329 SAN DIEGO 92107 CA Single Family Owner Occupied 360.00 4/28/2004
4000134222 BREA 92821 CA Single Family Owner Occupied 360.00 4/27/2004
33478934 COVINA 91723 CA Single Family Owner Occupied 360.00 4/29/2004
33957804 SAN DIEGO 92114 CA Single Family Owner Occupied 360.00 4/27/2004
4000135230 JACKSONVILLE 32225 FL Single Family Owner Occupied 360.00 4/23/2004
34118943 COTO DE CAZA AREA 92679 CA PUD Owner Occupied 360.00 4/21/2004
32973679 MISSION HILLS 66208 KS PUD Owner Occupied 360.00 4/26/2004
33792904 BRENTWOOD 94513 CA Single Family Owner Occupied 360.00 4/19/2004
33953027 GILROY 95020 CA Single Family Owner Occupied 360.00 4/21/2004
33991100 MIAMI BEACH 33139 FL Condo >4 Non-Owner Occupied 360.00 4/26/2004
33991118 MIAMI BEACH 33139 FL Condo >4 Non-Owner Occupied 360.00 4/26/2004
33556259 SAN DIEGO 92115 CA Single Family Owner Occupied 360.00 4/26/2004
33971706 ARVADA 80002 CO PUD Owner Occupied 360.00 4/26/2004
34152702 CLACKAMAS 97015 OR Single Family Owner Occupied 360.00 4/29/2004
34114942 RANCHO CUCAMONGA 91737 CA Single Family Owner Occupied 360.00 4/23/2004
34111690 SAN PEDRO AREA 90731 CA Single Family Owner Occupied 360.00 4/26/2004
4000133125 MURRIETA 92563 CA PUD Owner Occupied 360.00 4/16/2004
33466103 SANTA BARBARA 93111 CA PUD Owner Occupied 360.00 4/13/2004
34186783 BRENTWOOD 37027 TN Single Family Owner Occupied 360.00 4/29/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
---------------------------------------------------------------------------------------------------------------------------------
33946682 6/1/2004 5/1/2034 359 361000 361000 6.375 3/31/1905 6/1/2004 95.00 0-29
33956053 6/1/2004 5/1/2034 359 567200 567200 5.99 10/1/1907 6/1/2004 80.00 0-29
33952219 6/1/2004 5/1/2034 359 520000 520000 6.25 5/31/1907 6/1/2004 80.00 0-29
33951468 6/1/2004 5/1/2034 359 472500 471487.36 5.625 6/11/1907 6/1/2004 90.00 0-29
34106609 6/1/2004 5/1/2034 358 495000 494102.6 6.5 7/24/1908 7/1/2004 85.34 0-29
33994708 6/1/2004 5/1/2034 359 390000 390000 7.25 6/13/1906 6/1/2004 100.00 0-29
33478041 6/1/2004 5/1/2034 359 400000 399274.82 6.5 12/2/1906 6/1/2004 89.89 0-29
33958901 6/1/2004 5/1/2034 359 500000 500000 7.125 2/15/1908 6/1/2004 88.50 0-29
4000135808 6/1/2004 5/1/2034 359 364800 364800 5.375 6/21/1904 6/1/2004 80.00 0-29
34167502 6/1/2004 5/1/2034 359 381600 381600 5.5 10/14/1904 6/1/2004 80.00 0-29
33585381 6/1/2004 5/1/2034 359 769000 767144.73 4.99 4/15/1911 6/1/2004 40.47 0-29
33626763 6/1/2004 5/1/2034 359 59500 59417.83 7.875 3/6/1901 6/1/2004 85.00 0-29
33791096 6/1/2004 5/1/2034 359 560000 560000 5.5 1/9/1907 6/1/2004 80.00 0-29
34091454 6/1/2004 5/1/2034 359 495000 494205.95 7.125 2/15/1909 6/1/2004 100.00 0-29
34085035 6/1/2004 5/1/2034 359 500000 500000 4.25 11/4/1904 6/1/2004 80.00 0-29
34119966 6/1/2004 5/1/2034 359 561000 561000 7.125 2/11/1909 6/1/2004 85.00 0-29
34086769 6/1/2004 5/1/2034 359 528000 528000 6.875 4/12/1908 6/1/2004 80.00 0-29
34163659 6/1/2004 5/1/2034 358 454500 453655.84 6.375 10/5/1907 7/1/2004 89.91 0-29
33477720 6/1/2004 5/1/2034 359 395000 394248.45 6.25 8/28/1906 6/1/2004 100.00 0-29
33792037 6/1/2004 5/1/2034 359 508000 508000 6.125 2/4/1907 6/1/2004 80.00 0-29
33476656 6/1/2004 5/1/2034 359 353600 353600 5.875 9/26/1904 6/1/2004 80.00 0-29
33985730 6/1/2004 5/1/2034 358 543750 542731.63 6.375 4/14/1909 7/1/2004 75.00 0-29
34167460 6/1/2004 5/1/2034 359 414200 347669.28 8.25 7/7/1908 6/1/2004 94.78 0-29
34088930 6/1/2004 5/1/2034 359 679200 679200 5.99 4/12/1909 6/1/2004 80.00 0-29
34108621 6/1/2004 5/1/2034 358 400250 400250 6.125 8/3/1905 7/1/2004 89.99 0-29
33958588 6/1/2004 5/1/2034 359 500000 498977.96 5.875 2/4/1908 6/1/2004 76.92 0-29
33955329 6/1/2004 5/1/2034 359 384750 384750 6.75 12/3/1905 6/1/2004 95.00 0-29
4000134222 6/1/2004 5/1/2034 359 640000 640000 5.125 6/25/1907 6/1/2004 80.00 0-29
33478934 6/1/2004 5/1/2034 359 395000 394927.6 7.375 8/23/1906 6/1/2004 89.98 0-29
33957804 6/1/2004 5/1/2034 358 428000 428000 7.375 3/14/1907 7/1/2004 100.00 0-29
4000135230 6/1/2004 5/1/2034 359 631200 631200 5.25 7/23/1907 6/1/2004 80.00 0-29
34118943 6/1/2004 5/1/2034 358 828000 828000 5.75 11/10/1910 7/1/2004 80.00 0-29
32973679 6/1/2004 5/1/2034 359 938000 938000 6.5 11/27/1913 6/1/2004 70.00 0-29
33792904 6/1/2004 5/1/2034 359 395000 394999.83 6.125 7/8/1905 6/1/2004 84.95 0-29
33953027 6/1/2004 5/1/2034 358 464000 464000 5.75 1/31/1906 7/1/2004 80.00 0-29
33991100 6/1/2004 5/1/2034 359 344250 344250 6.875 5/25/1905 6/1/2004 85.00 0-29
33991118 6/1/2004 5/1/2034 359 347000 347000 6.875 6/10/1905 6/1/2004 84.63 0-29
33556259 6/1/2004 5/1/2034 359 380000 379126.33 5.25 9/28/1905 6/1/2004 80.00 0-29
33971706 6/1/2004 5/1/2034 358 348500 347884.8 6.49 2/26/1905 7/1/2004 85.00 0-29
34152702 6/1/2004 5/1/2034 358 425000 424247.97 6.625 6/13/1907 7/1/2004 100.00 0-29
34114942 6/1/2004 5/1/2034 359 568000 568000 5.75 6/13/1907 6/1/2004 80.00 0-29
34111690 6/1/2004 5/1/2034 359 360000 360000 5.25 4/23/1904 6/1/2004 80.00 0-29
4000133125 6/1/2004 5/1/2034 359 427500 427500 6.25 2/3/1906 6/1/2004 95.00 0-29
33466103 6/1/2004 5/1/2034 359 759200 759200 5.25 2/2/1909 6/1/2004 80.00 0-29
34186783 6/1/2004 5/1/2034 359 522655 521684.25 6.375 12/3/1908 6/1/2004 80.00 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
33946682 6ML 5.125 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33956053 6ML 4.375 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33952219 6ML 4.625 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33951468 6ML 5 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34106609 6ML 5.75 3 6.5 12.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33994708 6ML 6.25 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33478041 6ML 5.125 3 6.5 12.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33958901 6ML 5.25 3 7.125 13.125 1/0/1900 None 5/1/2006 6
4000135808 6ML 3.875 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34167502 6ML 3.875 3 5.5 11.5 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33585381 6ML 3.125 3 4.99 10.99 1/0/1900 None 5/1/2007 6
33626763 6ML 7 3 7.875 13.875 2/17/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2007 6
33791096 6ML 3.5 3 5.5 11.5 1/0/1900 None 5/1/2006 6
34091454 6ML 6.375 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34085035 6ML 3.125 1 4.25 10.25 1/24/1900 6 mo.s interest less 20% obal 11/1/2004 6
34119966 6ML 4.625 3 7.125 13.125 1/0/1900 None 5/1/2006 6
34086769 6ML 5.25 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34163659 6ML 4.75 3 6.375 12.375 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33477720 6ML 5.125 3 6.25 12.25 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33792037 6ML 3.625 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33476656 6ML 4.375 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33985730 6ML 4.5 3 6.375 12.375 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
34167460 6ML 5.5 3 8.25 14.25 1/0/1900 None 5/1/2006 6
34088930 6ML 3.75 3 5.99 11.99 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
34108621 6ML 5.25 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33958588 6ML 4.625 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33955329 6ML 5.375 3 6.75 12.75 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000134222 6ML 3.75 3 5.125 11.125 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33478934 6ML 6.375 3 7.375 13.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33957804 6ML 6 3 7.375 13.375 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000135230 6ML 3.625 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34118943 6ML 3.75 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
32973679 6ML 4 3 6.5 12.5 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
33792904 6ML 4.75 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33953027 6ML 3.875 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33991100 6ML 4.5 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33991118 6ML 4.5 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33556259 6ML 4.25 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33971706 6ML 5.125 3 6.49 12.49 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34152702 6ML 5.875 3 6.625 12.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
34114942 6ML 3.875 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34111690 6ML 3.875 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000133125 6ML 5.375 3 6.25 12.25 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
33466103 6ML 3.5 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34186783 6ML 5.25 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------
33946682 6 C/O Refi N Y 60
33956053 6 Purchase N Y 60
33952219 6 C/O Refi N Y 60
33951468 6 C/O Refi N N 0
34106609 6 C/O Refi N N 0
33994708 6 Purchase N Y 60
33478041 6 C/O Refi N N 0
33958901 6 Purchase N Y 60
4000135808 6 Purchase N Y 60
34167502 6 R/T Refi N Y 60
33585381 6 C/O Refi N N 0
33626763 6 C/O Refi N N 0
33791096 6 Purchase N Y 60
34091454 6 Purchase N N 0
34085035 6 Purchase N Y 60
34119966 6 Purchase N Y 60
34086769 6 Purchase N Y 60
34163659 6 Purchase N N 0
33477720 6 Purchase N N 0
33792037 6 Purchase N Y 60
33476656 6 Purchase N Y 60
33985730 6 C/O Refi N N 0
34167460 6 Purchase N N 0
34088930 6 Purchase N Y 60
34108621 6 Purchase N Y 60
33958588 6 C/O Refi N N 0
33955329 6 Purchase N Y 60
4000134222 6 Purchase N Y 60
33478934 6 Purchase N Y 60
33957804 6 Purchase N Y 60
4000135230 6 Purchase N Y 60
34118943 6 Purchase N Y 60
32973679 6 Purchase N Y 60
33792904 6 C/O Refi N Y 60
33953027 6 Purchase N Y 60
33991100 6 R/T Refi N Y 60
33991118 6 R/T Refi N Y 60
33556259 6 C/O Refi N N 0
33971706 6 C/O Refi N Y 60
34152702 6 Purchase N N 0
34114942 6 C/O Refi N Y 60
34111690 6 Purchase N Y 60
4000133125 6 C/O Refi N Y 60
33466103 6 Purchase N Y 60
34186783 6 Purchase N N 0
D-2-4
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
------------------------------------------------------------------------------------------------------------------------------
34051961 AUSTIN 78746 TX Condo Owner Occupied 360.00 4/26/2004
33958356 MURRIETA 92563 CA Single Family Owner Occupied 360.00 4/26/2004
33688268 HOLLISTER 95023 CA Single Family Owner Occupied 360.00 4/13/2004
33950627 SAN DIEGO 92131 CA Single Family Owner Occupied 360.00 4/23/2004
34108399 NORCO 92860 CA Single Family Owner Occupied 360.00 4/7/2004
34104307 ALISO VIEJO 92656 CA Condo Owner Occupied 360.00 4/20/2004
33927260 MEDINA 44256 OH Single Family Owner Occupied 360.00 4/22/2004
34007989 FULSHEAR 77441 TX PUD Owner Occupied 360.00 4/29/2004
34113209 HACIENDA HEIGHTS (LA PUENT 91745 CA Single Family Owner Occupied 360.00 4/20/2004
33721614 PROSPECT HEIGHTS 60070 IL Single Family Owner Occupied 360.00 4/16/2004
34112235 NORCO 92860 CA Single Family Owner Occupied 360.00 4/21/2004
33741612 ORANGE 92867 CA Single Family Owner Occupied 360.00 4/15/2004
34117952 ALHAMBRA 91803 CA Single Family Owner Occupied 360.00 4/21/2004
33955337 CHULA VISTA 91911 CA Condo Owner Occupied 360.00 4/23/2004
33958695 OCEANSIDE 92056 CA Single Family Owner Occupied 360.00 4/22/2004
33834011 PALM DESERT 92260 CA PUD Owner Occupied 360.00 4/19/2004
33713116 CHICAGO 60605 IL PUD Owner Occupied 360.00 4/23/2004
34324541 SIERRA MADRE 91024 CA Single Family Owner Occupied 360.00 4/28/2004
33837337 TEMECULA 92592 CA PUD Owner Occupied 360.00 4/21/2004
33240649 LAS VEGAS 89149 NV Single Family Owner Occupied 360.00 4/23/2004
34117291 LONG BEACH 90804 CA Multi Family - 2 Units Owner Occupied 360.00 4/20/2004
33948274 SAN MARCOS 92069 CA PUD Owner Occupied 360.00 4/16/2004
33736489 EVERGREEN 80439 CO Single Family Owner Occupied 360.00 4/16/2004
34113738 VILLA PARK 92861 CA Single Family Owner Occupied 360.00 4/22/2004
33867375 O FALLON 63366 MO Single Family Owner Occupied 360.00 4/26/2004
4000141330 SAN JOSE 95133 CA Single Family Owner Occupied 360.00 4/20/2004
34027201 QUINCY 2169 MA Multi Family - 2 Units Owner Occupied 360.00 4/30/2004
33918509 WINTER GARDEN 34787 FL PUD Second Home 360.00 4/30/2004
34096735 ELK GROVE 95758 CA Single Family Owner Occupied 360.00 4/28/2004
34109538 FAIRFIELD 94534 CA Single Family Owner Occupied 360.00 4/9/2004
33476839 CAMARILLO 93010 CA Single Family Owner Occupied 360.00 4/14/2004
33009382 FISHERS 46038 IN Single Family Owner Occupied 360.00 4/26/2004
33358060 WAKE FOREST 27587 NC PUD Owner Occupied 360.00 4/30/2004
33915752 BRADENTON 34211 FL PUD Owner Occupied 360.00 4/23/2004
33766536 HAMPTON BAYS 11946 NY Single Family Owner Occupied 360.00 4/26/2004
4000141850 FREMONT 94538 CA Single Family Owner Occupied 360.00 4/15/2004
4000138783 SAN MARTIN 95046 CA Single Family Owner Occupied 360.00 4/23/2004
34024562 ASHLAND 1721 MA Single Family Owner Occupied 360.00 4/30/2004
34084038 HERMOSA BEACH 90254 CA Single Family Owner Occupied 360.00 4/26/2004
34322362 PLACENTIA 92870 CA Single Family Owner Occupied 360.00 4/23/2004
34322461 CARLSBAD 92009 CA Single Family Owner Occupied 360.00 4/23/2004
33949736 SAN MARCOS 92078 CA Condo Owner Occupied 360.00 4/19/2004
33475856 SYLMAR AREA 91342 CA Single Family Owner Occupied 360.00 4/20/2004
33954413 OCEANSIDE 92057 CA PUD Owner Occupied 360.00 4/12/2004
34115691 WHITTIER 90603 CA Single Family Owner Occupied 360.00 4/15/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
---------------------------------------------------------------------------------------------------------------------------------
34051961 6/1/2004 5/1/2034 359 448200 447516.2 7 2/26/1907 6/1/2004 90.00 0-29
33958356 6/1/2004 5/1/2034 358 387000 385672.26 7.25 3/24/1907 7/1/2004 90.00 0-29
33688268 6/1/2004 5/1/2034 358 399200 399200 5.75 3/26/1905 7/1/2004 80.00 0-29
33950627 6/1/2004 5/1/2034 359 370000 370000 5.99 1/19/1905 6/1/2004 56.92 0-29
34108399 6/1/2004 5/1/2034 359 615100 615100 5.125 3/10/1907 6/1/2004 79.99 0-29
34104307 6/1/2004 5/1/2034 358 560000 559860.23 5.99 8/26/1907 7/1/2004 80.00 0-29
33927260 6/1/2004 5/1/2034 358 80000 79877.86 7.375 7/5/1901 7/1/2004 61.07 0-29
34007989 6/1/2004 5/1/2034 359 696000 696000 5.375 7/13/1908 6/1/2004 80.00 0-29
34113209 6/1/2004 5/1/2034 359 532000 532000 5.99 4/8/1907 6/1/2004 80.00 0-29
33721614 6/1/2004 5/1/2034 359 337500 336826.34 6 7/15/1905 6/1/2004 90.00 0-29
34112235 6/1/2004 5/1/2034 359 694050 694050 6.375 2/3/1910 6/1/2004 80.00 0-29
33741612 6/1/2004 5/1/2034 359 401800 401800 5.625 2/25/1905 6/1/2004 80.00 0-29
34117952 6/1/2004 5/1/2034 359 408500 407811.64 6.875 5/6/1907 6/1/2004 95.00 0-29
33955337 6/1/2004 5/1/2034 359 405000 405000 5.75 4/23/1905 6/1/2004 90.00 0-29
33958695 6/1/2004 5/1/2034 358 356800 356800 5.75 9/4/1904 7/1/2004 80.00 0-29
33834011 6/1/2004 5/1/2034 359 600000 600000 5.375 5/10/1907 6/1/2004 80.00 0-29
33713116 6/1/2004 5/1/2034 359 639600 638323.36 6 6/30/1910 6/1/2004 80.00 0-29
34324541 6/1/2004 5/1/2034 359 600000 600000 5.875 1/15/1908 6/1/2004 80.00 0-29
33837337 6/1/2004 5/1/2034 358 582000 581999.99 6.625 10/17/1908 7/1/2004 75.00 0-29
33240649 6/1/2004 5/1/2034 359 500000 500000 5.75 7/22/1906 6/1/2004 78.13 0-29
34117291 6/1/2004 5/1/2034 359 521600 521600 6.5 9/25/1907 6/1/2004 80.00 0-29
33948274 6/1/2004 5/1/2034 358 308000 308000 4.875 6/4/1903 7/1/2004 80.00 0-29
33736489 6/1/2004 5/1/2034 359 427500 426779.62 6.875 9/8/1907 6/1/2004 95.00 0-29
34113738 6/1/2004 5/1/2034 359 692000 692000 6.5 4/5/1910 6/1/2004 62.91 0-29
33867375 6/1/2004 5/1/2034 358 425000 424427.76 8 7/14/1908 7/1/2004 73.28 0-29
4000141330 6/1/2004 5/1/2034 359 631800 631800 5.375 9/29/1907 6/1/2004 90.00 0-29
34027201 6/1/2004 5/1/2034 359 570000 570000 6.375 4/15/1908 6/1/2004 95.00 0-29
33918509 6/1/2004 5/1/2034 359 367700 367700 7.125 12/22/1905 6/1/2004 95.00 0-29
34096735 6/1/2004 5/1/2034 359 419900 419900 5.5 4/7/1905 6/1/2004 80.00 0-29
34109538 6/1/2004 5/1/2034 359 464800 464800 5.875 3/24/1906 6/1/2004 80.00 0-29
33476839 6/1/2004 5/1/2034 359 513000 510000 6.625 10/2/1907 6/1/2004 90.00 0-29
33009382 6/1/2004 5/1/2034 358 370000 370000 6.375 5/18/1905 7/1/2004 87.06 0-29
33358060 6/1/2004 5/1/2034 359 374000 374000 7.25 3/8/1906 6/1/2004 85.00 0-29
33915752 6/1/2004 5/1/2034 359 337500 337500 8.99 12/2/1906 6/1/2004 87.66 0-29
33766536 6/1/2004 5/1/2034 359 351000 350348.07 6.375 12/28/1905 6/1/2004 93.60 0-29
4000141850 6/1/2004 5/1/2034 359 420000 420000 5.25 1/10/1905 6/1/2004 80.00 0-29
4000138783 6/1/2004 5/1/2034 359 552000 552000 5.625 1/30/1907 6/1/2004 80.00 0-29
34024562 6/1/2004 5/1/2034 359 570000 568941.33 6.375 9/25/1909 6/1/2004 95.00 0-29
34084038 6/1/2004 5/1/2034 359 1000000 998000.2 5.99 5/24/1916 6/1/2004 63.33 0-29
34322362 6/1/2004 5/1/2034 359 415200 415200 5.625 4/29/1905 6/1/2004 80.00 0-29
34322461 6/1/2004 5/1/2034 359 1000000 1000000 5.99 8/30/1913 6/1/2004 66.67 0-29
33949736 6/1/2004 5/1/2034 359 335400 335399.99 6.25 10/11/1904 6/1/2004 90.00 0-29
33475856 6/1/2004 5/1/2034 358 342500 341622.04 6.25 11/17/1904 7/1/2004 63.43 0-29
33954413 6/1/2004 5/1/2034 359 460000 459997.58 5.875 3/1/1906 6/1/2004 80.00 0-29
34115691 6/1/2004 5/1/2034 359 416000 416000 4.99 9/24/1904 6/1/2004 80.00 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
34051961 6ML 5.625 3 7 13 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33958356 6ML 6.25 3 7.25 13.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33688268 6ML 4.125 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33950627 6ML 4 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34108399 6ML 3.5 3 5.125 11.125 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
34104307 6ML 4.125 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33927260 6ML 6.25 3 7.375 13.375 2/17/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2007 6
34007989 6ML 3.375 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34113209 6ML 4.125 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33721614 6ML 4.875 3 6 12 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34112235 6ML 4.5 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33741612 6ML 3.875 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
34117952 6ML 6.125 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33955337 6ML 5.5 1 5.75 11.75 2/5/1900 6 mo.s interest less 20% obal 11/1/2004 6
33958695 6ML 4.25 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33834011 6ML 3.75 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33713116 6ML 4.625 3 6 12 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
34324541 6ML 4.125 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33837337 6ML 4.75 3 6.625 12.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33240649 6ML 3.5 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
34117291 6ML 4.5 3 6.5 12.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33948274 6ML 3.875 3 4.875 10.875 2/17/1900 6 mo.s interest less 20% obal 5/1/2007 6
33736489 6ML 6 3 6.875 12.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34113738 6ML 4 3 6.5 12.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33867375 6ML 5.875 3 8 14 1/24/1900 2% prepaid 5/1/2006 6
4000141330 6ML 4.625 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34027201 6ML 4.75 3 6.375 12.375 1/0/1900 None 5/1/2006 6
33918509 6ML 5.625 3 7.125 13.125 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
34096735 6ML 4.25 3 5.5 11.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34109538 6ML 4.375 3 5.875 11.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33476839 6ML 4.875 3 6.625 12.625 1/0/1900 None 5/1/2006 6
33009382 6ML 5.25 3 6.375 12.375 1/24/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33358060 6ML 6 3 7.25 13.25 1/0/1900 None 5/1/2006 6
33915752 6ML 7.75 3 8.99 14.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33766536 6ML 5.5 3 6.375 12.375 1/0/1900 None 5/1/2007 6
4000141850 6ML 3.875 3 5.25 11.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000138783 6ML 3.75 3 5.625 11.625 1/0/1900 None 5/1/2006 6
34024562 6ML 5.625 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34084038 6ML 3.625 3 5.99 11.99 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
34322362 6ML 4.25 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34322461 6ML 3.625 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33949736 6ML 4.75 3 6.25 12.25 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
33475856 6ML 4.25 3 6.25 12.25 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33954413 6ML 4 3 5.875 11.875 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
34115691 6ML 3.5 3 4.99 10.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------
34051961 6 R/T Refi N Y 60
33958356 6 C/O Refi N N 0
33688268 6 Purchase N Y 60
33950627 6 C/O Refi N Y 60
34108399 6 Purchase N Y 60
34104307 6 Purchase N Y 60
33927260 6 C/O Refi N N 0
34007989 6 Purchase N Y 60
34113209 6 C/O Refi N Y 60
33721614 6 C/O Refi N N 0
34112235 6 Purchase N Y 60
33741612 6 Purchase N Y 60
34117952 6 Purchase N N 0
33955337 6 C/O Refi N Y 60
33958695 6 Purchase N Y 60
33834011 6 Purchase N Y 60
33713116 6 Purchase N N 0
34324541 6 Purchase N Y 60
33837337 6 Purchase N Y 60
33240649 6 C/O Refi N Y 60
34117291 6 Purchase N Y 60
33948274 6 Purchase N Y 60
33736489 6 C/O Refi N N 0
34113738 6 C/O Refi N Y 60
33867375 6 C/O Refi N N 0
4000141330 6 C/O Refi N Y 60
34027201 6 Purchase N Y 60
33918509 6 Purchase N Y 60
34096735 6 Purchase N Y 60
34109538 6 C/O Refi N Y 60
33476839 6 Purchase N Y 60
33009382 6 C/O Refi N Y 60
33358060 6 Purchase N Y 60
33915752 6 C/O Refi N Y 60
33766536 6 C/O Refi N N 0
4000141850 6 Purchase N Y 60
4000138783 6 Purchase N Y 60
34024562 6 Purchase N N 0
34084038 6 Purchase N N 0
34322362 6 Purchase N Y 60
34322461 6 C/O Refi N Y 60
33949736 6 Purchase N Y 60
33475856 6 R/T Refi N Y 60
33954413 6 Purchase N Y 60
34115691 6 Purchase N Y 60
D-2-5
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
------------------------------------------------------------------------------------------------------------------------------
4000142649 FOLSOM 95630 CA Single Family Owner Occupied 360.00 4/25/2004
33716507 PARK RIDGE 60068 IL Single Family Owner Occupied 360.00 4/23/2004
33788779 FREMONT 94539 CA Single Family Owner Occupied 360.00 4/8/2004
34050401 AUSTIN 78733 TX PUD Owner Occupied 360.00 4/27/2004
4000137123 FREMONT 94538 CA Single Family Owner Occupied 360.00 4/8/2004
33475559 TUJUNGA 91042 CA Condo Owner Occupied 360.00 4/13/2004
34027441 AVON 6001 CT Single Family Owner Occupied 360.00 4/30/2004
33951955 OCEANSIDE 92056 CA Single Family Owner Occupied 360.00 4/19/2004
34194357 LAWRENCEVILLE 30045 GA Single Family Owner Occupied 360.00 4/30/2004
33947383 SAN DIEGO 92128 CA Condo Owner Occupied 360.00 4/13/2004
33352998 RALEIGH 27614 NC PUD Owner Occupied 360.00 4/19/2004
33576927 ASHLAND 97520 OR PUD Owner Occupied 360.00 4/20/2004
33958711 CHULA VISTA 91915 CA PUD Owner Occupied 360.00 4/23/2004
4000115851 NEWPORT BEACH 92660 CA PUD Owner Occupied 360.00 4/26/2004
33373143 TAYLOR 48180 MI Single Family Owner Occupied 360.00 4/20/2004
33948324 OAKLAND 94705 CA Single Family Owner Occupied 360.00 4/20/2004
33791781 TIBURON 94920 CA Condo Owner Occupied 360.00 4/21/2004
33727868 DOWNEY 90240 CA Single Family Owner Occupied 360.00 4/29/2004
33476359 SANTA YNEZ 93460 CA Single Family Owner Occupied 360.00 4/9/2004
33465634 SANTA BARBARA 93105 CA Single Family Owner Occupied 360.00 4/23/2004
33476029 PISMO BEACH 93449 CA PUD Owner Occupied 360.00 4/13/2004
4000143415 ELK GROVE 95758 CA Single Family Owner Occupied 360.00 4/27/2004
33793175 VALLEJO 94591 CA Single Family Owner Occupied 360.00 4/26/2004
4000140324 FREMONT 94538 CA Single Family Owner Occupied 360.00 4/16/2004
34152926 CENTRAL POINT 97502 OR Single Family Owner Occupied 360.00 4/22/2004
34050302 UNIVERSITY PARK 75225 TX Single Family Owner Occupied 360.00 4/30/2004
34121079 (WEST HILLS AREA) LOS ANGE 91307 CA PUD Owner Occupied 360.00 4/23/2004
4000142318 RANCHO CORDOVA 95670 CA Single Family Owner Occupied 360.00 4/20/2004
33477589 SANTA CLARITA AREA 91354 CA PUD Owner Occupied 360.00 4/27/2004
33955493 PASADENA 91101 CA Condo Owner Occupied 360.00 4/22/2004
33992322 FORT LAUDERDALE 33316 FL Single Family Owner Occupied 360.00 4/22/2004
33324666 ESCONDIDO 92027 CA PUD Owner Occupied 360.00 4/9/2004
33340498 NORCO 92860 CA Single Family Owner Occupied 360.00 4/22/2004
33584699 LEAGUE CITY 77573 TX PUD Owner Occupied 360.00 4/26/2004
33848136 SOUTH JORDAN 84095 UT Single Family Owner Occupied 360.00 4/21/2004
33543794 SAN DIEGO 92108 CA Condo Owner Occupied 360.00 4/12/2004
4000137896 SNOHOMISH 98290 WA PUD Owner Occupied 360.00 4/29/2004
34082644 LAWNDALE 90260 CA Single Family Owner Occupied 360.00 4/27/2004
4000143080 SALINAS 93906 CA Single Family Owner Occupied 360.00 4/27/2004
33214347 GILBERT 85234 AZ PUD Owner Occupied 360.00 4/20/2004
33956541 SAN DIEGO 92122 CA Condo Owner Occupied 360.00 4/19/2004
33032590 BOWIE 20720 MD PUD Owner Occupied 360.00 4/23/2004
34093245 RANCHO CUCAMONGA 91701 CA Single Family Owner Occupied 360.00 4/28/2004
4000142728 SCOTTS VALLEY 95066 CA Single Family Owner Occupied 360.00 4/23/2004
34088146 VISTA 92084 CA Single Family Owner Occupied 360.00 4/21/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
---------------------------------------------------------------------------------------------------------------------------------
4000142649 6/1/2004 5/1/2034 359 415000 415000 6.375 1/12/1906 6/1/2004 100.00 0-29
33716507 6/1/2004 5/1/2034 359 510000 510000 6.5 7/24/1907 6/1/2004 81.60 0-29
33788779 6/1/2004 5/1/2034 359 369500 369500 4.875 2/9/1904 6/1/2004 79.98 0-29
34050401 6/1/2004 5/1/2034 358 700000 700000 6.25 12/23/1909 7/1/2004 80.00 0-29
4000137123 6/1/2004 5/1/2034 359 352000 352000 5.875 9/18/1904 6/1/2004 80.00 0-29
33475559 6/1/2004 5/1/2034 359 227200 227200 5.75 12/23/1902 6/1/2004 80.00 0-29
34027441 6/1/2004 5/1/2034 359 708750 707465.07 6.5 4/5/1912 6/1/2004 75.00 0-29
33951955 6/1/2004 5/1/2034 358 359200 359200 5.75 9/16/1904 7/1/2004 80.00 0-29
34194357 6/1/2004 5/1/2034 359 412000 412000 6.625 3/23/1906 6/1/2004 100.00 0-29
33947383 6/1/2004 5/1/2034 359 481500 481500 6.25 11/11/1906 6/1/2004 90.00 0-29
33352998 6/1/2004 5/1/2034 359 401000 401000 5.75 4/4/1905 6/1/2004 69.74 0-29
33576927 6/1/2004 5/1/2034 359 440000 439011.69 5.375 9/28/1906 6/1/2004 58.67 0-29
33958711 6/1/2004 5/1/2034 359 573500 573500 6.125 1/5/1908 6/1/2004 80.00 0-29
4000115851 6/1/2004 5/1/2034 358 1000000 1000000 4.5 4/7/1910 7/1/2004 62.50 0-29
33373143 6/1/2004 5/1/2034 359 105450 105450 6.5 7/24/1901 6/1/2004 95.00 0-29
33948324 6/1/2004 5/1/2034 359 737000 736056.84 8.25 2/26/1915 6/1/2004 57.35 0-29
33791781 6/1/2004 5/1/2034 358 424000 424000 5.625 6/9/1905 7/1/2004 80.00 0-29
33727868 6/1/2004 5/1/2034 359 576800 576800 6.375 5/21/1908 6/1/2004 80.00 0-29
33476359 6/1/2004 5/1/2034 359 480000 478995.3 5.75 9/1/1907 6/1/2004 83.48 0-29
33465634 6/1/2004 5/1/2034 359 640000 640000 5.75 5/23/1908 6/1/2004 67.38 0-29
33476029 6/1/2004 5/1/2034 359 344000 344000 5.125 1/8/1904 6/1/2004 80.00 0-29
4000143415 6/1/2004 5/1/2034 359 750000 748021.02 4.5 5/27/1910 6/1/2004 76.80 0-29
33793175 6/1/2004 5/1/2034 359 389000 389000 4.875 4/28/1904 6/1/2004 77.03 0-29
4000140324 6/1/2004 5/1/2034 359 463500 463500 6 5/5/1906 6/1/2004 90.00 0-29
34152926 6/1/2004 5/1/2034 359 368900 368900 7.125 12/29/1905 6/1/2004 85.00 0-29
34050302 6/1/2004 5/1/2034 359 712500 710972.99 5.625 3/24/1911 6/1/2004 75.00 0-29
34121079 6/1/2004 5/1/2034 359 731250 729787.64 5.99 12/27/1911 6/1/2004 73.13 0-29
4000142318 6/1/2004 5/1/2034 359 340000 340000 6.125 9/30/1904 6/1/2004 89.47 0-29
33477589 6/1/2004 5/1/2034 359 664550 664550 7.125 3945.77 6/1/2004 95.00 0-29
33955493 6/1/2004 5/1/2034 358 384000 384000 5.375 1720 7/1/2004 80.00 0-29
33992322 6/1/2004 5/1/2034 359 600000 598667.84 5.625 3453.94 6/1/2004 50.00 0-29
33324666 6/1/2004 5/1/2034 359 444950 444935.7 5.625 2085.7 6/1/2004 79.99 0-29
33340498 6/1/2004 5/1/2034 359 601550 601550 5.99 3002.74 6/1/2004 79.99 0-29
33584699 6/1/2004 5/1/2034 359 512000 512000 6.125 2613.33 6/1/2004 84.63 0-29
33848136 6/1/2004 5/1/2034 359 381900 381317.02 7.375 2637.69 6/1/2004 95.00 0-29
33543794 6/1/2004 5/1/2034 359 398100 398100 6.25 2073.44 6/1/2004 79.99 0-29
4000137896 6/1/2004 5/1/2034 359 488000 488000 5.375 2185.83 6/1/2004 80.00 0-29
34082644 6/1/2004 5/1/2034 358 348000 348000 5 1450 7/1/2004 80.00 0-29
4000143080 6/1/2004 5/1/2034 359 497250 497247.27 5.375 2227.27 6/1/2004 85.00 0-29
33214347 6/1/2004 5/1/2034 359 554000 554000 5.625 2596.88 6/1/2004 80.00 0-29
33956541 6/1/2004 5/1/2034 359 387000 386263.67 6.25 2382.83 6/1/2004 90.00 0-29
33032590 6/1/2004 5/1/2034 359 382200 382200 7.375 2348.94 6/1/2004 89.99 0-29
34093245 6/1/2004 5/1/2034 359 412000 411999.57 5.99 2056.57 6/1/2004 80.00 0-29
4000142728 6/1/2004 5/1/2034 359 442500 442500 7 2581.25 6/1/2004 75.00 0-29
34088146 6/1/2004 5/1/2034 359 600000 598885.61 6.375 3743.22 6/1/2004 80.00 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
4000142649 6ML 5.375 3 6.375 12.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33716507 6ML 4.875 3 6.5 12.5 1/12/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33788779 6ML 4 3 4.875 10.875 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
34050401 6ML 4.375 3 6.25 12.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000137123 6ML 4.125 3 5.875 11.875 1/12/1900 6 mo.s interest less 20% obal 5/1/2006 6
33475559 6ML 4.5 3 5.75 11.75 2/17/1900 6 mo.s interest less 20% obal 5/1/2007 6
34027441 6ML 4.625 3 6.5 13.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2007 6
33951955 6ML 4.375 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34194357 6ML 5.625 3 6.625 12.625 1/0/1900 None 5/1/2007 6
33947383 6ML 4.375 1 6.25 12.25 1/12/1900 6 mo.s interest less 20% obal 11/1/2004 6
33352998 6ML 4.125 3 5.75 11.75 1/0/1900 None 5/1/2007 6
33576927 6ML 3.375 3 5.375 11.375 1/24/1900 6 mo.s interest less 20% obal 5/1/2009 6
33958711 6ML 3.875 3 6.125 12.125 1/0/1900 None 5/1/2006 6
4000115851 6ML 3.25 3 4.5 10.5 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33373143 6ML 5.375 3 6.5 12.5 2/17/1900 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2007 6
33948324 6ML 4.5 3 8.25 14.25 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33791781 6ML 4 3 5.625 11.625 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33727868 6ML 4.25 3 6.375 12.375 1/0/1900 None 5/1/2006 6
33476359 6ML 4.375 3 5.75 11.75 2/5/1900 6 mo.s interest less 20% obal 5/1/2009 6
33465634 6ML 4.125 3 5.75 11.75 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33476029 6ML 3.75 3 5.125 11.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000143415 6ML 3.375 3 4.5 10.5 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33793175 6ML 3.5 3 4.875 10.875 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000140324 6ML 5.25 3 6 12 24 6 mo.s interest less 20% obal 5/1/2006 6
34152926 6ML 5.75 3 7.125 13.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
34050302 6ML 4 3 5.625 11.625 2/5/1900 6 mo.s interest less 20% obal 5/1/2006 6
34121079 6ML 3.875 3 5.99 11.99 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
4000142318 6ML 5.125 3 6.125 12.125 1/24/1900 6 mo.s interest less 20% obal 5/1/2006 6
33477589 6ML 5.375 3 7.125 13.125 36 6 mo.s interest less 20% obal 5/1/2009 6
33955493 6ML 3.625 3 5.375 11.375 36 6 mo.s interest less 20% obal 5/1/2007 6
33992322 6ML 3.875 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33324666 6ML 3.5 3 5.625 11.625 12 6 mo.s interest less 20% obal 5/1/2009 6
33340498 6ML 4.375 3 5.99 11.99 24 6 mo.s interest less 20% obal 5/1/2006 6
33584699 6ML 4.5 3 6.125 12.125 24 6 mo.s interest less 20% obal 5/1/2006 6
33848136 6ML 6.375 3 7.375 13.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33543794 6ML 4 3 6.25 12.25 0 None 5/1/2006 6
4000137896 6ML 3.875 3 5.375 11.375 36 6 mo.s interest less 20% obal 5/1/2009 6
34082644 6ML 3.75 1 5 11 24 6 mo.s interest less 20% obal 11/1/2004 6
4000143080 6ML 4.625 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2006 6
33214347 6ML 4.125 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33956541 6ML 4.625 3 6.25 12.25 0 None 5/1/2006 6
33032590 6ML 6.125 3 7.375 13.375 24 6 mo.s interest less 20% obal 5/1/2006 6
34093245 6ML 4.75 3 5.99 11.99 24 6 mo.s interest less 20% obal 5/1/2006 6
4000142728 6ML 5.125 3 7 13 24 6 mo.s interest less 20% obal 5/1/2006 6
34088146 6ML 4.75 3 6.375 12.375 24 6 mo.s interest less 20% obal 5/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------
4000142649 6 Purchase N Y 60
33716507 6 C/O Refi N Y 60
33788779 6 C/O Refi N Y 60
34050401 6 Purchase N Y 60
4000137123 6 Purchase N Y 60
33475559 6 Purchase N Y 60
34027441 6 Purchase N N 0
33951955 6 Purchase N Y 60
34194357 6 Purchase N Y 60
33947383 6 C/O Refi N Y 60
33352998 6 R/T Refi N Y 60
33576927 6 R/T Refi N N 0
33958711 6 Purchase N Y 60
4000115851 6 Purchase N Y 60
33373143 6 R/T Refi N Y 60
33948324 6 C/O Refi N N 0
33791781 6 Purchase N Y 60
33727868 6 Purchase N Y 60
33476359 6 C/O Refi N N 0
33465634 6 Purchase N Y 60
33476029 6 Purchase N Y 60
4000143415 6 Purchase N N 0
33793175 6 C/O Refi N Y 60
4000140324 6 Purchase N Y 60
34152926 6 C/O Refi N Y 60
34050302 6 Purchase N N 0
34121079 6 C/O Refi N N 0
4000142318 6 C/O Refi N Y 60
33477589 6 Purchase N Y 60
33955493 6 Purchase N Y 60
33992322 6 C/O Refi N N 0
33324666 6 Purchase N Y 60
33340498 6 Purchase N Y 60
33584699 6 R/T Refi N Y 60
33848136 6 C/O Refi N N 0
33543794 6 Purchase N Y 60
4000137896 6 Purchase N Y 60
34082644 6 Purchase N Y 60
4000143080 6 Purchase N Y 60
33214347 6 Purchase N Y 60
33956541 6 Purchase N N 0
33032590 6 Purchase N Y 60
34093245 6 Purchase N Y 60
4000142728 6 C/O Refi N Y 60
34088146 6 X/X Xxxx X X 0
X-0-0
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
------------------------------------------------------------------------------------------------------------------------------
34323915 RANCHO SANTA XXXXXXXXX 92688 CA PUD Owner Occupied 360.00 4/27/2004
33788217 DISCOVERY BAY 94514 CA PUD Owner Occupied 360.00 4/16/2004
34117879 LAKEWOOD 90712 CA Single Family Owner Occupied 360.00 4/27/2004
34115915 LADERA RANCH AREA 92694 CA PUD Owner Occupied 360.00 4/24/2004
33946690 LA JOLLA 92037 CA Condo Owner Occupied 360.00 4/5/2004
4000140120 XXX XXXX 00000 CA Condo Owner Occupied 360.00 4/24/2004
4000141049 XXXXXXXXX 00000 XX Single Family Owner Occupied 360.00 4/19/2004
33234717 XXXXXXXXX 00000 XX PUD Owner Occupied 360.00 4/9/2004
34095901 VALENCIA 91355 CA PUD Owner Occupied 360.00 4/27/2004
33889890 XXXXXXXXX 0000 XX Single Family Owner Occupied 360.00 4/23/2004
34120006 XXXXXXXX 00000 XX Single Family Owner Occupied 360.00 4/22/2004
0000000000 XXXXX XXXXX 00000 XX PUD Owner Occupied 360.00 4/23/2004
4000141024 XXXXXX XXXXXXX 00000 XX Single Family Owner Occupied 360.00 4/19/2004
33840927 CYPRESS 90630 CA Single Family Owner Occupied 360.00 4/26/2004
33520743 XXX XXXXXXX 00000 XX Single Family Owner Occupied 360.00 4/23/2004
4000127880 RANCHO CUCAMONGA 91739 CA Single Family Owner Occupied 360.00 4/24/2004
34120410 XXXXXXX 00000 XX PUD Owner Occupied 360.00 4/19/2004
33708645 MORTON 61550 IL Single Family Owner Occupied 360.00 4/22/2004
33417791 REDLANDS 92373 CA PUD Owner Occupied 360.00 4/29/2004
34282236 XXXXXXX 00000 XX Single Family Owner Occupied 360.00 4/27/2004
33839549 XXXX XXXX 00000 XX Single Family Owner Occupied 360.00 4/20/2004
33788142 XXXXX XXX XXXXXXXXX 00000 XX PUD Owner Occupied 360.00 4/19/2004
4000136632 XXX XXXX 00000 CA Single Family Owner Occupied 360.00 4/25/2004
4000142261 XXXXXXX 00000 XX Single Family Owner Occupied 360.00 4/22/2004
32714347 XXXXXX 00000 XX Single Family Owner Occupied 360.00 4/15/2004
33794124 CONCORD 94519 CA Single Family Owner Occupied 360.00 4/27/2004
33287079 APTOS 95003 CA Single Family Owner Occupied 360.00 4/12/2004
33947714 XXX XXXXX 00000 CA Condo Owner Occupied 360.00 4/20/2004
33839507 CANYON LAKE 92587 CA PUD Owner Occupied 360.00 4/23/2004
33792417 XXXXXXX 00000 XX Single Family Owner Occupied 360.00 4/19/2004
4000128231 XXXXXXXXX 00000 XX PUD Owner Occupied 360.00 4/21/2004
4000140854 XXXXXX XXXXXX 00000 XX PUD Owner Occupied 360.00 4/26/2004
33716523 XXXXXXX 00000 XX Multi Family - 3 Units Non-Owner Occupied 360.00 4/29/2004
33520321 XXXXXXXX 91741 CA Single Family Owner Occupied 360.00 4/21/2004
34325498 XXXXX XXX 00000 CA Multi Family - 2 Units Owner Occupied 360.00 4/27/2004
33474842 XXXX XXXXXXXXX 00000 XX Condo >4 Owner Occupied 360.00 4/22/2004
33783341 XXXXXXX 94945 CA PUD Owner Occupied 360.00 4/27/2004
4000138043 XXXXXX XXXX 95037 CA PUD Owner Occupied 360.00 4/16/2004
33959263 ENCINITAS 92024 CA PUD Owner Occupied 360.00 4/28/2004
34119354 XXXX XXXXXX 00000 CA Single Family Owner Occupied 360.00 4/20/2004
34106062 XXXXX XXX 00000 CA Single Family Owner Occupied 360.00 4/13/2004
34115766 XXXXXX XXXXX XXXXXXXXX 00000 XX Condo Owner Occupied 360.00 4/12/2004
34117275 NORCO 92860 CA Single Family Owner Occupied 360.00 4/26/2004
33155706 02ICAGO 60647 IL Condo Owner Occupied 360.00 4/20/2004
34087908 MAMMOTH LAKES 93546 CA Single Family Owner Occupied 360.00 4/13/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
---------------------------------------------------------------------------------------------------------------------------------
34323915 6/1/2004 5/1/2034 359 556000 556000 5.875 2722.08 6/1/2004 80.00 0-29
33788217 6/1/2004 5/1/2034 359 384000 384000 4.625 1480 6/1/2004 80.00 0-29
34117879 6/1/2004 5/1/2034 359 340000 340000 4.99 1413.83 6/1/2004 80.00 0-29
34115915 6/1/2004 5/1/2034 359 770000 768534.97 6.25 4741.03 6/1/2004 67.84 0-29
33946690 6/1/2004 5/1/2034 359 636000 636000 5.99 3174.7 6/1/2004 80.00 0-29
4000140120 6/1/2004 5/1/2034 359 346500 346500 6.375 1840.78 6/1/2004 92.40 0-29
4000141049 6/1/2004 5/1/2034 358 471900 471898.9 6 2359.5 7/1/2004 80.00 0-29
33234717 6/1/2004 5/1/2034 359 357500 356819.81 6.25 2201.19 6/1/2004 92.86 0-29
34095901 6/1/2004 5/1/2034 359 442000 442000 7.5 2762.5 6/1/2004 85.00 0-29
33889890 6/1/2004 5/1/2034 359 400000 399309.26 6.75 2594.4 6/1/2004 79.92 0-29
34120006 6/1/2004 5/1/2034 359 552500 551370.64 5.875 3268.25 6/1/2004 85.00 0-29
0000000000 6/1/2004 5/1/2034 359 342500 342500 5.25 1498.44 6/1/2004 78.74 0-29
4000141024 6/1/2004 5/1/2034 359 535500 535500 5.75 2565.94 6/1/2004 90.00 0-29
33840927 6/1/2004 5/1/2034 358 516000 516000 6.625 2848.75 7/1/2004 80.00 0-29
33520743 6/1/2004 5/1/2034 359 665000 663823.32 6.625 4258.07 6/1/2004 70.00 0-29
4000127880 6/1/2004 5/1/2034 359 553000 553000 5.5 2534.58 6/1/2004 70.00 0-29
34120410 6/1/2004 5/1/2034 359 607200 607200 6.25 3162.5 6/1/2004 80.00 0-29
33708645 6/1/2004 5/1/2034 359 391200 391200 6.125 1996.75 6/1/2004 80.00 0-29
33417791 6/1/2004 5/1/2034 359 829500 829500 5.125 3542.66 6/1/2004 80.00 0-29
34282236 6/1/2004 5/1/2034 359 371600 371599.96 6.875 2128.96 6/1/2004 94.99 0-29
33839549 6/1/2004 5/1/2034 358 382500 382500 6.75 2151.56 7/1/2004 85.00 0-29
33788142 6/1/2004 5/1/2034 359 791200 790200 4.99 3290.07 6/1/2004 80.00 0-29
4000136632 6/1/2004 5/1/2034 359 412000 412000 6.75 2317.5 6/1/2004 74.91 0-29
4000142261 6/1/2004 5/1/2034 359 374400 374399.53 6 1872 6/1/2004 80.00 0-29
32714347 6/1/2004 5/1/2034 359 342850 342650 7.625 2178.53 6/1/2004 90.00 0-29
33794124 6/1/2004 5/1/2034 359 510000 510000 6.75 2868.75 6/1/2004 100.00 0-29
33287079 6/1/2004 5/1/2034 359 960000 960000 5.25 4200 6/1/2004 75.00 0-29
33947714 6/1/2004 5/1/2034 358 500000 500000 5.25 2187.5 7/1/2004 76.92 0-29
33839507 6/1/2004 5/1/2034 359 650000 650000 6.25 3385.42 6/1/2004 100.00 0-29
33792417 6/1/2004 5/1/2034 359 396000 395997.5 5.25 1732.5 6/1/2004 80.00 0-29
4000128231 6/1/2004 5/1/2034 358 636000 636000 4.999 2649.47 7/1/2004 80.00 0-29
4000140854 6/1/2004 5/1/2034 359 536000 536000 4.875 2177.5 6/1/2004 80.00 0-29
33716523 6/1/2004 5/1/2034 359 577500 576427.4 6.375 3602.85 6/1/2004 70.00 0-29
33520321 6/1/2004 5/1/2034 359 586000 586000 5.75 2807.92 6/1/2004 79.19 0-29
34325498 6/1/2004 5/1/2034 359 520000 519979.17 6.875 2979.17 6/1/2004 100.00 0-29
33474842 6/1/2004 5/1/2034 359 533000 533000 6.375 2831.56 6/1/2004 80.00 0-29
33783341 6/1/2004 5/1/2034 359 366800 366800 4.99 1525.28 6/1/2004 80.00 0-29
4000138043 6/1/2004 5/1/2034 359 600000 600000 5.25 2625 6/1/2004 79.47 0-29
33959263 6/1/2004 5/1/2034 359 962500 962500 5.5 4411.46 6/1/2004 77.00 0-29
34119354 6/1/2004 5/1/2034 359 348000 348000 6.5 1885 6/1/2004 100.00 0-29
34106062 6/1/2004 5/1/2034 358 600000 600000 5.25 2625 7/1/2004 80.00 0-29
34115766 6/1/2004 5/1/2034 359 368000 367247.78 5.875 2176.86 6/1/2004 80.00 0-29
34117275 6/1/2004 5/1/2034 359 550000 550000 5.99 2745.42 6/1/2004 79.22 0-29
33155706 6/1/2004 5/1/2034 360 427500 426795.73 6.99 2841.3 6/1/2004 90.00 0-29
34087908 6/1/2004 5/1/2034 359 345000 344089.66 4.5 1748.07 6/1/2004 69.00 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
34323915 6ML 4.25 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33788217 6ML 3.625 3 4.625 10.625 36 6 mo.s interest less 20% obal 5/1/2006 6
34117879 6ML 3.375 3 4.99 10.99 12 6 mo.s interest less 20% obal 5/1/2006 6
34115915 6ML 3.625 3 6.25 12.25 0 None 5/1/2006 6
33946690 6ML 4.25 3 5.99 11.99 36 6 mo.s interest less 20% obal 5/1/2007 6
4000140120 6ML 5.25 3 6.375 11.375 36 6 mo.s interest less 20% obal 5/1/2009 6
4000141049 6ML 4.375 3 6 12 24 6 mo.s interest less 20% obal 5/1/2009 6
33234717 6ML 5.25 3 6.25 12.25 36 6 mo.s interest less 20% obal 5/1/2007 6
34095901 6ML 6.125 3 7.5 13.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33889890 6ML 3.75 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34120006 6ML 4.625 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2006 6
0000000000 6ML 3.375 3 5.25 11.25 36 6 mo.s interest less 20% obal 5/1/2009 6
4000141024 6ML 4.875 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33840927 6ML 5 3 6.625 12.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33520743 6ML 4.125 3 6.625 12.625 12 6 mo.s interest less 20% obal 5/1/2006 6
4000127880 6ML 4 3 5.5 11.5 36 6 mo.s interest less 20% obal 5/1/2006 6
34120410 6ML 4.625 3 6.25 12.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33708645 6ML 4.375 3 6.125 12.125 12 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33417791 6ML 3.375 3 5.125 11.125 24 6 mo.s interest less 20% obal 5/1/2006 6
34282236 6ML 5.375 3 6.875 12.875 0 None 5/1/2006 6
33839549 6ML 5.5 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33788142 6ML 3.5 3 4.99 10.99 24 6 mo.s interest less 20% obal 5/1/2006 6
4000136632 6ML 5 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
4000142261 6ML 4.875 3 6 12 24 6 mo.s interest less 20% obal 5/1/2006 6
32714347 6ML 6 3 7.625 13.625 0 None 5/1/2006 6
33794124 6ML 5.5 3 6.75 12.75 24 6 mo.s interest less 20% obal 5/1/2006 6
33287079 6ML 3.375 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33947714 6ML 3.875 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33839507 6ML 5 3 6.25 12.25 36 6 mo.s interest less 20% obal 5/1/2007 6
33792417 6ML 3.875 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
4000128231 6ML 3.375 3 4.999 10.999 24 6 mo.s interest less 20% obal 5/1/2009 6
4000140854 6ML 3.75 3 4.875 10.875 36 6 mo.s interest less 20% obal 5/1/2007 6
33716523 6ML 3.75 3 6.375 12.375 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33520321 6ML 3.875 3 5.75 11.75 24 6 mo.s interest less 20% obal 5/1/2006 6
34325498 6ML 5.625 3 6.875 12.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33474842 6ML 3.625 3 6.375 12.375 0 None 5/1/2006 6
33783341 6ML 3.625 3 4.99 10.99 24 6 mo.s interest less 20% obal 5/1/2006 6
4000138043 6ML 3.625 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33959263 6ML 3.375 3 5.5 11.5 36 6 mo.s interest less 20% obal 5/1/2007 6
34119354 6ML 5.5 3 6.5 12.5 24 6 mo.s interest less 20% obal 5/1/2006 6
34106062 6ML 3.625 3 5.25 11.25 24 6 mo.s interest less 20% obal 5/1/2006 6
34115766 6ML 4.25 3 5.875 11.875 0 None 5/1/2006 6
34117275 6ML 4.625 3 5.99 11.99 24 6 mo.s interest less 20% obal 5/1/2006 6
33155706 6ML 5.5 3 6.99 12.99 0 None 5/1/2006 6
34087908 6ML 3.125 3 4.5 10.5 36 6 mo.s interest less 20% obal 5/1/2007 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------
34323915 6 Purchase N Y 60
33788217 6 Purchase N Y 60
34117879 6 Purchase N Y 60
34115915 6 C/O Refi N N 0
33946690 6 Purchase N Y 60
4000140120 6 R/T Refi N Y 60
4000141049 6 Purchase N Y 60
33234717 6 C/O Refi N N 0
34095901 6 Purchase N Y 60
33889890 6 Purchase N N 0
34120006 6 C/O Refi N N 0
0000000000 6 R/T Refi N Y 60
4000141024 6 R/T Refi N Y 60
33840927 6 C/O Refi N Y 60
33520743 6 C/O Refi N N 0
4000127880 6 C/O Refi N Y 60
34120410 6 Purchase N Y 60
33708645 6 R/T Refi N Y 60
33417791 6 Purchase N Y 60
34282236 6 Purchase N Y 60
33839549 6 Purchase N Y 60
33788142 6 Purchase N Y 60
4000136632 6 C/O Refi N Y 60
4000142261 6 C/O Refi N Y 60
32714347 6 Purchase N Y 60
33794124 6 Purchase N Y 60
33287079 6 Purchase N Y 60
33947714 6 Purchase N Y 60
33839507 6 Purchase N Y 60
33792417 6 Purchase N Y 60
4000128231 6 Purchase N Y 60
4000140854 6 Purchase N Y 60
33716523 6 C/O Refi N N 0
33520321 6 C/O Refi N Y 60
34325498 6 Purchase N Y 60
33474842 6 Purchase N Y 60
33783341 6 Purchase N Y 60
4000138043 6 Purchase N Y 60
33959263 6 Purchase N Y 60
34119354 6 Purchase N Y 60
34106062 6 Purchase N Y 60
34115766 6 C/O Refi N N 0
34117275 6 Purchase N Y 60
33155706 6 R/T Refi N N 0
34087908 6 X/X Xxxx X X 0
X-0-0
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
------------------------------------------------------------------------------------------------------------------------------
34087296 XXXX XXXXXXX 00000 XX Single Family Owner Occupied 360.00 4/9/2004
34116269 XXX XXXXXXX 00000 XX Single Family Owner Occupied 360.00 4/22/2004
34116715 XXXXXXX 00000 XX Single Family Owner Occupied 360.00 4/19/2004
33627613 ROYAL OAK 48073 MI Single Family Owner Occupied 360.00 4/26/2004
33949975 XXX XXXXX 00000 CA Multi Family - 3 Units Owner Occupied 360.00 4/27/2004
33768136 PURCHASE 10577 NY PUD Owner Occupied 360.00 4/16/2004
33829888 XXXXXXXXXX 00000 XX Single Family Owner Occupied 360.00 4/19/2004
33949041 XXXXXX 92065 CA PUD Owner Occupied 360.00 4/23/2004
34106575 XXX XXXXX 00000 XX PUD Second Home 360.00 4/13/2004
33684895 XXX XXXX 00000 CA Single Family Owner Occupied 360.00 4/20/2004
33959834 XXXXXXXXX 00000 XX PUD Owner Occupied 360.00 4/27/2004
33794637 XXX XXXXXX 00000 CA Single Family Owner Occupied 360.00 4/28/2004
33789322 BERKELEY 94702 CA Multi Family - 2 Units Owner Occupied 360.00 4/14/2004
33793290 XXXXXXXXX 00000 XX Single Family Owner Occupied 360.00 4/26/2004
34118984 TEMECULA AREA 92592 CA Single Family Owner Occupied 360.00 4/21/2004
34121038 XXXXXX 00000 XX PUD Owner Occupied 360.00 4/26/2004
33836719 XXXXXX 00000 XX Single Family Non-Owner Occupied 360.00 4/14/2004
33974767 XXXXXXXX 00000 XX PUD Owner Occupied 360.00 4/30/2004
33789462 XXXXX XXXX 00000 XX Single Family Owner Occupied 360.00 4/15/2004
33559196 JAMUL 91935 CA Single Family Owner Occupied 360.00 4/21/2004
34103739 SAN XXXXXXXX 92672 CA Condo Owner Occupied 360.00 4/20/2004
4000142754 GILROY 95020 CA Single Family Owner Occupied 360.00 4/23/2004
33497884 XXXXXXXXX 00000 XX Single Family Owner Occupied 360.00 4/9/2004
4000125584 LAGUNA NIGUEL 92677 CA Condo Owner Occupied 360.00 3/31/2004
33519018 XXXXX XXXXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/19/2004
00000000 XXXXXXX 91501 CA Single Family Owner Occupied 360.00 3/29/2004
34042192 DALLAS 78287 TX PUD Owner Occupied 360.00 3/22/2004
33982430 XXXXX XXXXX 00000 XX Single Family Owner Occupied 360.00 3/26/2004
4000117733 DANBURY 6810 CT Condo Owner Occupied 360.00 3/31/2004
33735572 HERMOSA BEACH 90254 CA Condo Owner Occupied 360.00 3/19/2004
33785155 XXXXX XXX XXXXXXXXX 00000 XX PUD Owner Occupied 360.00 3/30/2004
33763566 BABYLON 11702 NY Single Family Owner Occupied 360.00 3/30/2004
33446857 MATAWAN 7747 NJ Single Family Owner Occupied 360.00 3/22/2004
00000000 BURBANK 91501 CA Single Family Owner Occupied 360.00 3/18/2004
33740671 XXX XXXXXX 00000 CA Single Family Owner Occupied 360.00 3/22/2004
34107409 XXXXXXXX 91740 CA Single Family Owner Occupied 360.00 4/8/2004
32714065 XXXXXXXXXX 98383 WA Single Family Owner Occupied 360.00 3/24/2004
4000122597 LA MIRADA 90638 CA PUD Owner Occupied 360.00 3/26/2004
33724410 XXXXXX 00000 XX PUD Owner Occupied 360.00 3/25/2004
33814831 MARIETTA 00000 XX PUD Owner Occupied 360.00 3/26/2004
33965195 AURORA 80016 CO PUD Owner Occupied 360.00 3/30/2004
33806712 XXXXX MOUNTAIN 30087 GA Single Family Owner Occupied 360.00 3/23/2004
4000134355 FOOTHILL RANCH 92610 CA PUD Owner Occupied 360.00 3/23/2004
33803974 XXXXXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/29/2004
33555731 XXXXX XXXXX 00000 XX PUD Owner Occupied 360.00 3/19/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
---------------------------------------------------------------------------------------------------------------------------------
34087296 6/1/2004 5/1/2034 359 532000 530912.53 5.875 3146.99 6/1/2004 80.00 0-29
34116269 6/1/2004 5/1/2034 358 352000 351245.62 5.625 1650 7/1/2004 80.00 0-29
34116715 6/1/2004 5/1/2034 359 390000 390000 7.99 2596.75 6/1/2004 100.00 0-29
33627613 6/1/2004 5/1/2034 359 342000 341394.84 6.625 2189.87 6/1/2004 90.00 0-29
33949975 6/1/2004 5/1/2034 359 602400 602400 5.875 2949.25 6/1/2004 80.00 0-29
33768136 6/1/2004 5/1/2034 359 660000 658941.27 7.125 4446.55 6/1/2004 55.00 0-29
33829888 6/1/2004 5/1/2034 358 383400 383242.18 6.125 1956.94 7/1/2004 79.99 0-29
33949041 6/1/2004 5/1/2034 359 372000 372000 5.375 1666.25 6/1/2004 80.00 0-29
34106575 6/1/2004 5/1/2034 359 389500 389500 6.75 2190.94 6/1/2004 95.00 0-29
33684895 6/1/2004 5/1/2034 358 463200 463200 4.5 1737 7/1/2004 80.00 0-29
33959834 6/1/2004 5/1/2034 359 454500 454500 5.625 2130.47 6/1/2004 90.00 0-29
33794637 6/1/2004 5/1/2034 359 608000 608000 5.125 2596.67 6/1/2004 80.00 0-29
33789322 6/1/2004 5/1/2034 359 472000 472000 4.875 1917.5 6/1/2004 80.00 0-29
33793290 6/1/2004 5/1/2034 359 452000 452000 5.99 2256.23 6/1/2004 80.00 0-29
34118984 6/1/2004 5/1/2034 359 700000 698600.13 5.99 4192.36 6/1/2004 80.00 0-29
34121038 6/1/2004 5/1/2034 359 625600 625600 5.875 3062.83 6/1/2004 80.00 0-29
33836719 6/1/2004 5/1/2034 358 382500 382500 6.25 1992.19 7/1/2004 90.00 0-29
33974767 6/1/2004 5/1/2034 358 341700 341700 6.75 1922.06 7/1/2004 99.99 0-29
33789462 6/1/2004 5/1/2034 359 416000 416000 5.5 1906.67 6/1/2004 80.00 0-29
33559196 6/1/2004 5/1/2034 359 555750 555543.37 6.625 3068.2 6/1/2004 95.00 0-29
34103739 6/1/2004 5/1/2034 359 390000 389488.04 8.125 2895.74 6/1/2004 100.00 0-29
4000142754 6/1/2004 5/1/2034 359 405600 405600 5.625 1901.25 6/1/2004 80.00 0-29
33497884 6/1/2004 5/1/2034 359 349600 349024.05 6.99 2323.56 6/1/2004 95.00 0-29
4000125584 5/1/2004 4/1/2034 358 792000 789387.4 5.5 4496.89 6/1/2004 80.00 0-29
33519018 5/1/2004 4/1/2034 358 347750 346797.77 6.5 2198.02 6/1/2004 65.00 0-29
34107110 5/1/2004 4/1/2034 359 620000 617857.14 5.25 3423.67 5/1/2004 80.00 0-29
34042192 5/1/2004 4/1/2034 358 500000 500000 5.625 2343.75 6/1/2004 80.00 0-29
33982430 5/1/2004 4/1/2034 358 341600 341234.64 4.99 1420.49 6/1/2004 80.00 0-29
4000117733 5/1/2004 4/1/2034 358 183600 183600 6.75 1032.75 6/1/2004 80.00 0-29
33735572 5/1/2004 4/1/2034 358 496000 496000 5.125 2118.33 6/1/2004 80.00 0-29
33785155 5/1/2004 4/1/2034 358 736000 736000 4.875 2990 6/1/2004 80.00 0-29
33763566 5/1/2004 4/1/2034 358 362900 362898.6 6.125 1852.3 6/1/2004 95.00 0-29
33446857 5/1/2004 4/1/2034 358 418000 417039.91 7.375 2887.03 6/1/2004 95.00 0-29
33467549 5/1/2004 4/1/2034 358 600000 597934.91 5.75 3501.44 6/1/2004 80.00 0-29
33740671 5/1/2004 4/1/2034 359 735200 735200 6.375 3905.75 5/1/2004 80.00 0-29
34107409 6/1/2004 5/1/2034 358 384000 384000 5.875 1880 7/1/2004 80.00 0-29
32714065 5/1/2004 4/1/2034 357 460000 460000 5.99 2296.17 7/1/2004 80.00 0-29
4000122597 5/1/2004 4/1/2034 358 599800 594126.83 5.5 3405.6 6/1/2004 92.28 0-29
33724410 5/1/2004 4/1/2034 358 719200 719200 6.625 3970.58 6/1/2004 80.00 0-29
33814831 5/1/2004 4/1/2034 358 671250 671243 6 3356.25 6/1/2004 75.00 0-29
33965195 5/1/2004 4/1/2034 358 382050 382050 5.99 1907.07 6/1/2004 94.99 0-29
33806712 5/1/2004 4/1/2034 358 591920 591920 6.25 3082.92 6/1/2004 80.00 0-29
4000134355 5/1/2004 4/1/2034 357 517500 517500 6.5 2803.12 7/1/2004 90.00 0-29
33803974 5/1/2004 4/1/2034 358 668000 668000 5.125 2852.92 6/1/2004 80.00 0-29
33555731 5/1/2004 4/1/2034 358 450900 450900 5.25 1972.69 6/1/2004 80.00 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
34087296 6ML 3 1 5.875 11.875 0 None 11/1/2004 6
34116269 6ML 3.75 3 5.625 11.625 36 6 mo.s interest less 20% obal 5/1/2009 6
34116715 6ML 6.75 3 7.99 13.99 24 6 mo.s interest less 20% obal 5/1/2006 6
33627613 6ML 6.125 3 6.625 12.625 24 3%/2%/1%-1st yr/2nd yr/3rd yr 5/1/2006 6
33949975 6ML 3.5 3 5.875 11.875 12 6 mo.s interest less 20% obal 5/1/2006 6
33768136 6ML 5.125 3 7.125 13.125 0 None 5/1/2007 6
33829888 6ML 4.625 3 6.125 12.125 36 6 mo.s interest less 20% obal 5/1/2009 6
33949041 6ML 3.875 3 5.375 11.375 24 6 mo.s interest less 20% obal 5/1/2006 6
34106575 6ML 5 3 6.75 12.75 0 None 5/1/2006 6
33684895 6ML 3.375 3 4.5 10.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33959834 6ML 4.625 3 5.625 11.625 24 6 mo.s interest less 20% obal 5/1/2006 6
33794637 6ML 3.75 3 5.125 11.125 24 6 mo.s interest less 20% obal 5/1/2006 6
33789322 6ML 3.5 3 4.875 10.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33793290 6ML 4.375 3 5.99 11.99 24 6 mo.s interest less 20% obal 5/1/2006 6
34118984 6ML 4.375 3 5.99 11.99 24 6 mo.s interest less 20% obal 5/1/2006 6
34121038 6ML 4.25 3 5.875 11.875 24 6 mo.s interest less 20% obal 5/1/2006 6
33836719 6ML 4.5 3 6.25 12.25 24 6 mo.s interest less 20% obal 5/1/2006 6
33974767 6ML 5.25 3 6.75 12.75 0 None 5/1/2006 6
33789462 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% obal 5/1/2006 6
33559196 6ML 5.25 3 6.625 12.625 36 6 mo.s interest less 20% obal 5/1/2009 6
34103739 6ML 5 3 8.125 14.125 0 None 5/1/2006 6
4000142754 6ML 3.875 3 5.625 11.625 36 6 mo.s interest less 20% obal 5/1/2009 6
33497884 6ML 6.5 3 6.99 12.99 24 6 mo.s interest less 20% obal 5/1/2006 6
4000125584 6ML 3.375 3 5.5 11.5 36 6 mo.s interest less 20% obal 4/1/2009 6
33519018 6ML 4.375 3 6.5 12.5 24 6 mo.s interest less 20% obal 4/1/2006 6
34107110 6ML 4.125 3 5.25 11.25 24 6 mo.s interest less 20% obal 4/1/2006 6
34042192 6ML 3.625 3 5.625 11.625 0 None 4/1/2009 6
33982430 6ML 3.625 3 4.99 10.99 36 6 mo.s interest less 20% obal 4/1/2009 6
4000117733 6ML 4.75 3 6.75 12.75 24 6 mo.s interest less 20% obal 4/1/2009 6
33735572 6ML 3.5 3 5.125 11.125 36 6 mo.s interest less 20% obal 4/1/2009 6
33785155 6ML 3.5 3 4.875 10.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33763566 6ML 5.375 3 6.125 12.125 0 None 4/1/2007 6
33446857 6ML 6.625 3 7.375 13.375 0 None 4/1/2006 6
33467549 6ML 4.375 3 5.75 11.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33740671 6ML 3.875 3 6.375 12.375 0 None 4/1/2006 6
34107409 6ML 4.5 3 5.875 11.875 36 6 mo.s interest less 20% obal 5/1/2009 6
32714065 6ML 4 3 5.99 11.99 36 6 mo.s interest less 20% obal 4/1/2009 6
4000122597 6ML 5.125 3 5.5 11.5 36 6 mo.s interest less 20% obal 4/1/2006 6
33724410 6ML 4.75 3 6.625 12.625 24 6 mo.s interest less 20% obal 4/1/2006 6
33814831 6ML 3.875 3 6 12 0 None 4/1/2007 6
33965195 6ML 5.125 3 5.99 11.99 12 6 mo.s interest less 20% obal 4/1/2006 6
33806712 6ML 4.625 1 6.25 12.25 0 None 10/1/2004 6
4000134355 6ML 4.875 3 6.5 12.5 0 None 4/1/2006 6
33803974 6ML 3.5 3 5.125 11.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33555731 6ML 4 3 5.25 11.25 24 6 mo.s interest less 20% obal 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------
34087296 6 Purchase N N 0
34116269 6 Purchase N Y 60
34116715 6 Purchase N Y 60
33627613 6 C/O Refi N N 0
33949975 6 Purchase N Y 60
33768136 6 R/T Refi N N 0
33829888 6 Purchase N Y 60
33949041 6 Purchase N Y 60
34106575 6 Purchase N Y 60
33684895 6 Purchase N Y 60
33959834 6 Purchase N Y 60
33794637 6 Purchase N Y 60
33789322 6 Purchase N Y 60
33793290 6 C/O Refi N Y 60
34118984 6 Purchase N N 0
34121038 6 Purchase N Y 60
33836719 6 Purchase N Y 60
33974767 6 Purchase N Y 60
33789462 6 Purchase N Y 60
33559196 6 Purchase N Y 60
34103739 6 Purchase N N 0
4000142754 6 Purchase N Y 60
33497884 6 Purchase N N 0
4000125584 6 Purchase N N 0
33519018 6 C/O Refi N N 0
34107110 6 Purchase N N 0
34042192 6 C/O Refi N Y 60
33982430 6 Purchase N Y 60
4000117733 6 Purchase N Y 60
33735572 6 Purchase N Y 60
33785155 6 Purchase N Y 60
33763566 6 Purchase N Y 60
33446857 6 C/O Refi N N 0
33467549 6 C/O Refi N N 0
33740671 6 Purchase N Y 60
34107409 6 Purchase N Y 60
32714065 6 C/O Refi N Y 60
4000122597 6 C/O Refi N N 0
33724410 6 Purchase N Y 60
33814831 6 C/O Refi N Y 60
33965195 6 Purchase N Y 60
33806712 6 R/T Refi N Y 60
4000134355 6 C/O Refi N Y 60
33803974 6 Purchase N Y 60
33555731 6 Purchase N Y 60
D-2-8
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
------------------------------------------------------------------------------------------------------------------------------
33473323 XXXXXXXX XXXXX XXXX 00000 XX Single Family Owner Occupied 360.00 3/25/2004
33556804 XXX XXXXX 00000 CA Single Family Owner Occupied 360.00 3/25/2004
33822990 LA QUINTA 92253 CA Single Family Owner Occupied 360.00 3/25/2004
33369471 XXXXXXXX 48169 MI Condo Owner Occupied 360.00 3/26/2004
33038670 XXXXX 00000 XX PUD Owner Occupied 360.00 3/31/2004
33449745 FAIR HAVEN 7704 NJ Single Family Owner Occupied 360.00 3/22/2004
33517145 XXXXXXX 00000 XX Condo Owner Occupied 360.00 3/18/2004
33511825 XXX XXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/19/2004
33944216 XXXXX XXXXX 00000 XX PUD Owner Occupied 360.00 3/25/2004
33467796 SANTA CLARITA AREA 91354 CA Condo Owner Occupied 360.00 3/12/2004
4000131248 BALTIMORE 00000 XX PUD Owner Occupied 360.00 3/26/2004
33786427 HERCULES 94547 CA PUD Owner Occupied 360.00 3/29/2004
4000134380 XXXXX XXXXX 00000 XX Single Family Owner Occupied 360.00 3/25/2004
33519455 XXXX XXXXX 00000 XX Single Family Owner Occupied 360.00 3/23/2004
33552381 XXX XXXX 00000 CA Single Family Owner Occupied 360.00 3/15/2004
33554064 XXX XXXXXXXXX 00000 CA Multi Family - 2 Units Owner Occupied 360.00 3/25/2004
33473869 VAN NUYS AREA 91401 CA Single Family Owner Occupied 360.00 3/24/2004
33944752 ESCONDIDO 92027 CA Single Family Owner Occupied 360.00 3/22/2004
33057993 VALLEY CENTER 92082 CA PUD Owner Occupied 360.00 3/23/2004
33557588 XX XXXX 00000 XX Single Family Owner Occupied 360.00 3/24/2004
33547928 XXX XXXXX 00000 CA Condo Owner Occupied 360.00 3/17/2004
33468836 ENCINO AREA 91436 CA Single Family Owner Occupied 360.00 3/15/2004
33236001 XXX XXXXX 00000 XX PUD Owner Occupied 360.00 3/26/2004
33486564 SANTA CLARA 95051 CA Single Family Owner Occupied 360.00 3/16/2004
33737206 XXXXXX 00000 XX PUD Owner Occupied 360.00 3/12/2004
33943234 XXXX XXXXX 00000 XX Single Family Owner Occupied 360.00 3/17/2004
33725003 TRABUCO CANYON AREA 92679 CA PUD Owner Occupied 360.00 3/22/2004
33492398 XXXXXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/19/2004
33290297 XXX XXXX 00000 CA Single Family Owner Occupied 360.00 3/12/2004
33734716 XXXXXXXX 90501 CA Single Family Owner Occupied 360.00 3/25/2004
33730995 XXX XXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/26/2004
33948787 XXXXX XXXXX 00000 XX Single Family Owner Occupied 360.00 3/26/2004
34083188 CYPRESS 90630 CA Single Family Owner Occupied 360.00 3/23/2004
33117706 XXXXXXXX XXXX 00000 XX Single Family Owner Occupied 360.00 3/30/2004
33036153 XXXXX 00000 XX PUD Owner Occupied 360.00 3/29/2004
33828096 XXXX XXXXX 00000 XX Single Family Owner Occupied 360.00 3/22/2004
33788258 XXXXXXXXXX 00000 XX Condo Owner Occupied 360.00 3/25/2004
33687724 XXXXXX XXXX 00000 XX Single Family Owner Occupied 360.00 3/22/2004
4000127034 XXX XXXXX 00000 XX PUD Owner Occupied 360.00 3/23/2004
34106427 XXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/25/2004
4000126264 LYNNWOOD 98036 WA PUD Owner Occupied 360.00 3/26/2004
34103044 XXX XXXXXX 00000 CA Single Family Owner Occupied 360.00 3/23/2004
33095530 NANTUCKET 2554 MA Single Family Owner Occupied 360.00 3/31/2004
34103093 XXXX XXXXX 00000 XX Single Family Owner Occupied 360.00 3/24/2004
33736349 SANTA CLARITA 91354 CA PUD Owner Occupied 360.00 3/19/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
---------------------------------------------------------------------------------------------------------------------------------
33473323 5/1/2004 4/1/2034 358 719200 719200 5.5 3296.33 6/1/2004 80.00 0-29
33556804 5/1/2004 4/1/2034 358 336000 336000 5.25 1470 6/1/2004 80.00 0-29
33822990 5/1/2004 4/1/2034 358 338200 338200 6.625 1867.15 6/1/2004 95.00 0-29
33369471 5/1/2004 4/1/2034 357 396000 396000 6.25 2062.5 7/1/2004 79.20 0-29
33038670 5/1/2004 4/1/2034 359 568000 566451.19 6.5 3590.15 5/1/2004 80.00 0-29
33449745 5/1/2004 4/1/2034 358 460750 460114.47 6.875 2639.71 6/1/2004 95.00 0-29
33517145 5/1/2004 4/1/2034 358 436050 436050 6.125 2225.67 6/1/2004 95.00 0-29
33511825 5/1/2004 4/1/2034 358 716000 716000 5.625 3356.25 6/1/2004 80.00 0-29
33944216 5/1/2004 4/1/2034 358 525000 524999.98 6.125 2679.69 6/1/2004 87.50 0-29
33467796 5/1/2004 4/1/2034 358 351250 351249.26 5.5 1609.9 6/1/2004 80.00 0-29
4000131248 5/1/2004 4/1/2034 357 352000 352000 4.75 1393.33 7/1/2004 80.00 0-29
33786427 5/1/2004 4/1/2034 358 446350 446350 5.375 1999.28 6/1/2004 80.00 0-29
4000134380 5/1/2004 4/1/2034 358 472500 472499.65 5.999 2362.46 6/1/2004 90.00 0-29
33519455 5/1/2004 4/1/2034 358 799200 799200 4.75 3163.5 6/1/2004 80.00 0-29
33552381 5/1/2004 4/1/2034 359 417000 416999.99 6.25 2171.88 5/1/2004 88.72 0-29
33554064 5/1/2004 4/1/2034 358 550000 550000 5.5 2520.83 6/1/2004 79.14 0-29
33473869 5/1/2004 4/1/2034 358 440000 440000 4.75 1741.67 6/1/2004 80.00 0-29
33944752 5/1/2004 4/1/2034 358 380000 380000 5.5 1741.67 6/1/2004 95.00 0-29
33057993 5/1/2004 4/1/2034 358 510200 510200 5.875 2497.85 6/1/2004 80.00 0-29
33557588 5/1/2004 4/1/2034 358 595000 593256.2 6.125 3615.29 6/1/2004 70.00 0-29
33547928 5/1/2004 4/1/2034 357 572000 572000 5.5 2621.67 7/1/2004 80.00 0-29
33468836 5/1/2004 4/1/2034 357 600000 598241.54 6.125 3645.67 7/1/2004 50.00 0-29
33236001 5/1/2004 4/1/2034 358 340000 340000 5.75 1629.17 6/1/2004 80.00 0-29
33486564 5/1/2004 4/1/2034 357 568000 566045.84 5.75 3314.7 7/1/2004 80.00 0-29
33737206 5/1/2004 4/1/2034 358 429850 429850 5.375 1925.37 6/1/2004 80.00 0-29
33943234 5/1/2004 4/1/2034 358 376000 376000 5.875 1840.83 6/1/2004 80.00 0-29
33725003 5/1/2004 4/1/2034 358 740000 740000 5.25 3237.5 6/1/2004 80.00 0-29
33492398 5/1/2004 4/1/2034 358 560000 558152.71 5.5 3179.62 6/1/2004 80.00 0-29
33290297 5/1/2004 4/1/2034 358 546000 546000 6.125 2786.88 6/1/2004 80.00 0-29
33734716 5/1/2004 4/1/2034 358 720000 720000 5.75 3450 6/1/2004 80.00 0-29
33730995 5/1/2004 4/1/2034 358 520000 518582.07 6.5 3286.76 6/1/2004 80.00 0-29
33948787 5/1/2004 4/1/2034 358 432000 432000 5.5 1980 6/1/2004 80.00 0-29
34083188 5/1/2004 4/1/2034 358 405800 405621.75 4.5 1521.75 6/1/2004 79.99 0-29
33117706 5/1/2004 4/1/2034 358 425500 424124.31 6 2551.09 6/1/2004 95.00 0-29
33036153 5/1/2004 4/1/2034 358 570000 569999.99 6.625 3146.88 6/1/2004 70.46 0-29
33828096 5/1/2004 4/1/2034 358 366500 366499.96 7.75 2366.98 6/1/2004 74.04 0-29
33788258 5/1/2004 4/1/2034 358 340000 340000 5.875 1664.58 6/1/2004 80.00 0-29
33687724 5/1/2004 4/1/2034 358 548000 548000 5.375 2454.58 6/1/2004 80.00 0-29
4000127034 5/1/2004 4/1/2034 358 625000 625000 5.375 2799.48 6/1/2004 73.53 0-29
34106427 5/1/2004 4/1/2034 359 340000 340000 7.5 2125 5/1/2004 80.00 0-29
4000126264 5/1/2004 4/1/2034 358 402000 400764.4 5.875 2377.98 6/1/2004 94.59 0-29
34103044 5/1/2004 4/1/2034 358 373150 371896.53 5.99 2234.83 6/1/2004 85.00 0-29
33095530 5/1/2004 4/1/2034 358 569600 569600 6.125 2907.33 6/1/2004 80.00 0-29
34103093 5/1/2004 4/1/2034 358 432000 432000 6.75 2430 6/1/2004 90.00 0-29
33736349 5/1/2004 4/1/2034 358 569200 569200 6.375 3023.88 6/1/2004 90.00 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
33473323 6ML 3.875 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33556804 6ML 4.125 3 5.25 11.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33822990 6ML 5.75 3 6.625 12.625 36 6 mo.s interest less 20% obal 4/1/2007 6
33369471 6ML 4.625 3 6.25 12.25 36 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2009 6
33038670 6ML 5.375 3 6.5 12.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33449745 6ML 6 3 6.875 12.875 0 None 4/1/2006 6
33517145 6ML 5.5 3 6.125 12.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33511825 6ML 3.625 3 5.625 11.625 36 6 mo.s interest less 20% obal 4/1/2009 6
33944216 6ML 5 3 6.125 12.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33467796 6ML 3.75 3 5.5 11.5 36 6 mo.s interest less 20% obal 4/1/2009 6
4000131248 6ML 3.5 3 4.75 10.75 24 6 mo.s interest less 20% obal 4/1/2009 6
33786427 6ML 3.75 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2009 6
4000134380 6ML 4.875 3 5.999 11.999 12 6 mo.s interest less 20% obal 4/1/2006 6
33519455 6ML 3.375 1 4.75 10.75 24 6 mo.s interest less 20% obal 10/1/2004 6
33552381 6ML 5.25 3 6.25 12.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33554064 6ML 4.375 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33473869 6ML 3.5 3 4.75 10.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33944752 6ML 5 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33057993 6ML 3.875 3 5.875 11.875 12 6 mo.s interest less 20% obal 4/1/2006 6
33557588 6ML 3.5 3 6.125 12.125 36 6 mo.s interest less 20% obal 4/1/2006 6
33547928 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33468836 6ML 3.625 3 6.125 12.125 24 6 mo.s interest less 20% obal 4/1/2009 6
33236001 6ML 4.75 3 5.75 11.75 36 6 mo.s interest less 20% obal 4/1/2007 6
33486564 6ML 4.125 3 5.75 11.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33737206 6ML 3.625 3 5.375 11.375 0 None 4/1/2006 6
33943234 6ML 3.75 3 5.875 11.875 24 6 mo.s interest less 20% obal 4/1/2009 6
33725003 6ML 3.625 3 5.25 11.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33492398 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33290297 6ML 4.625 3 6.125 12.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33734716 6ML 4.125 3 5.75 11.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33730995 6ML 5.625 3 6.5 12.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33948787 6ML 3.75 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2009 6
34083188 6ML 3.5 3 4.5 10.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33117706 6ML 5.75 3 6 12 36 min (2% prepaid, 60 days interest) 4/1/2007 6
33036153 6ML 4.125 3 6.625 12.625 0 None 4/1/2006 6
33828096 6ML 5.25 3 7.75 13.75 12 6 mo.s interest less 20% obal 4/1/2006 6
33788258 6ML 4.375 3 5.875 11.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33687724 6ML 3.625 3 5.375 11.375 12 6 mo.s interest less 20% obal 4/1/2006 6
4000127034 6ML 3.625 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2006 6
34106427 6ML 5.875 3 7.5 13.5 24 6 mo.s interest less 20% obal 4/1/2006 6
4000126264 6ML 5.375 3 5.875 11.875 36 6 mo.s interest less 20% obal 4/1/2006 6
34103044 6ML 4.5 3 5.99 11.99 24 6 mo.s interest less 20% obal 4/1/2006 6
33095530 6ML 4.625 3 6.125 12.125 24 6 mo.s interest less 20% obal 4/1/2006 6
34103093 6ML 5.625 3 6.75 12.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33736349 6ML 5.25 3 6.375 12.375 24 6 mo.s interest less 20% obal 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------
33473323 6 Purchase N Y 60
33556804 6 Purchase N Y 60
33822990 6 R/T Refi N Y 60
33369471 6 R/T Refi N Y 60
33038670 6 Purchase N N 0
33449745 6 R/T Refi N Y 60
33517145 6 Purchase N Y 60
33511825 6 Purchase N Y 60
33944216 6 C/O Refi N Y 60
33467796 6 Purchase N Y 60
4000131248 6 Purchase N Y 60
33786427 6 Purchase N Y 60
4000134380 6 C/O Refi N Y 60
33519455 6 Purchase N Y 60
33552381 6 C/O Refi N Y 60
33554064 6 C/O Refi N Y 60
33473869 6 Purchase N Y 60
33944752 6 Purchase N Y 60
33057993 6 Purchase N Y 60
33557588 6 C/O Refi N N 0
33547928 6 Purchase N Y 60
33468836 6 C/O Refi N N 0
33236001 6 Purchase N Y 60
33486564 6 C/O Refi N N 0
33737206 6 Purchase N Y 60
33943234 6 C/O Refi N Y 60
33725003 6 Purchase N Y 60
33492398 6 Purchase N N 0
33290297 6 Purchase N Y 60
33734716 6 Purchase N Y 60
33730995 6 Purchase N N 0
33948787 6 C/O Refi N Y 60
34083188 6 Purchase N Y 60
33117706 6 Purchase N N 0
33036153 6 C/O Refi N Y 60
33828096 6 C/O Refi N Y 60
33788258 6 Purchase N Y 60
33687724 6 Purchase N Y 60
4000127034 6 C/O Refi N Y 60
34106427 6 C/O Refi N Y 60
4000126264 6 R/T Refi N N 0
34103044 6 Purchase N N 0
33095530 6 Purchase N Y 60
34103093 6 C/O Refi N Y 60
33736349 6 Purchase N Y 60
D-2-9
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
------------------------------------------------------------------------------------------------------------------------------
33942103 VISTA 92084 CA Single Family Owner Occupied 360.00 3/25/2004
33827114 XXXXX XXXXX 00000 XX PUD Second Home 360.00 3/24/2004
33469727 XXX XXXX XXXX 00000 XX Single Family Owner Occupied 360.00 3/24/2004
33556291 XXX XXXXX 00000 CA Single Family Owner Occupied 360.00 3/17/2004
4000125321 XXXXXXXX 00000 XX Single Family Non-Owner Occupied 360.00 3/24/2004
33590324 XXXXXXX 00000 XX PUD Owner Occupied 360.00 4/2/2004
33782004 XXXXXX 00000 XX Single Family Owner Occupied 360.00 3/15/2004
33061748 XXXXXX 00000 XX Single Family Owner Occupied 360.00 3/23/2004
32679292 XXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/26/2004
33738444 XXXXXXXXX 00000 XX PUD Owner Occupied 360.00 3/18/2004
33737651 TRABUCO CANYON 92679 CA PUD Owner Occupied 360.00 3/26/2004
33733072 NORCO 92860 CA Single Family Owner Occupied 360.00 3/22/2004
33474115 XXXX XXXXXX 00000 XX PUD Owner Occupied 360.00 3/25/2004
33685330 XXXXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/15/2004
33735341 XXXXXX XXXXX XXXXXXXXX 00000 XX PUD Owner Occupied 360.00 3/19/2004
33521063 XXXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/25/2004
33883067 ALEXANDRIA 22314 VA Single Family Owner Occupied 360.00 3/30/2004
33217076 PRORIA 85383 AZ PUD Owner Occupied 360.00 3/24/2004
33300856 XXXXXXX 00000 XX PUD Owner Occupied 360.00 3/16/2004
33827874 RANCHO CUCAMONGA 91739 CA Single Family Owner Occupied 360.00 3/24/2004
34102897 NORCO 92860 CA Single Family Owner Occupied 360.00 3/26/2004
33741786 XXXX XXXXXX 00000 XX Condo Owner Occupied 360.00 3/25/2004
33762865 GREAT NECK 11201 NY Single Family Owner Occupied 360.00 3/26/2004
0000000000 XXXXXX 00000 XX PUD Owner Occupied 360.00 3/26/2004
33558842 XXX XXXXX 00000 CA Multi Family - 3 Units Owner Occupied 360.00 3/23/2004
33215328 SCOTTSDALE 85254 AZ Single Family Owner Occupied 360.00 3/25/2004
33741232 XXXX XXXXXX 00000 XX Single Family Owner Occupied 360.00 3/24/2004
33944562 XXXXXXXX 90503 CA Single Family Owner Occupied 360.00 3/22/2004
33737586 XXXXXX XXXXX 00000 XX Multi Family - 2 Units Owner Occupied 360.00 3/25/2004
33783549 XXXXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/17/2004
34084103 XXXXXX 00000 XX Single Family Owner Occupied 360.00 3/25/2004
33809583 BRENTWOOD 37027 TN PUD Owner Occupied 360.00 3/26/2004
33557893 XXX XXXXXXXXX 00000 CA Single Family Owner Occupied 360.00 3/23/2004
33094244 ANDOVER 1810 MA Single Family Owner Occupied 360.00 3/26/2004
33731654 RIVERSIDE 92505 CA PUD Owner Occupied 360.00 3/18/2004
33292889 XXXXXX 95018 CA Single Family Owner Occupied 360.00 3/17/2004
4000127919 EL CAJON 92020 CA Single Family Owner Occupied 360.00 3/26/2004
33413873 HEMET 92544 CA Single Family Owner Occupied 360.00 3/17/2004
33762626 XXXX XXXXXXXX 00000 XX Multi Family - 2 Units Owner Occupied 360.00 3/23/2004
33555913 XXX XXXXX 00000 CA Single Family Owner Occupied 360.00 3/25/2004
33943770 TEMECULA 92592 CA PUD Owner Occupied 360.00 3/25/2004
33729146 XXXXXX 00000 XX PUD Owner Occupied 360.00 3/22/2004
33470626 XXXXXXXXXX 00000 XX PUD Owner Occupied 360.00 3/25/2004
33215922 PEORIA 85383 AZ PUD Owner Occupied 360.00 3/26/2004
33823485 YORBA LINDA 92886 CA PUD Owner Occupied 360.00 3/24/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
---------------------------------------------------------------------------------------------------------------------------------
33942103 5/1/2004 4/1/2034 358 400000 398797.1 5.99 2395.64 6/1/2004 50.63 0-29
33827114 5/1/2004 4/1/2034 357 392000 391999 5.375 1755.83 7/1/2004 80.00 0-29
33469727 5/1/2004 4/1/2034 358 523200 523200 5.875 2561.5 6/1/2004 80.00 0-29
33556291 5/1/2004 4/1/2034 357 524000 524000 6 2620 7/1/2004 80.00 0-29
4000125321 5/1/2004 4/1/2034 358 490000 489442.27 6.125 2501.04 6/1/2004 67.59 0-29
33590324 6/1/2004 5/1/2034 359 570000 569062.81 7 3792.23 6/1/2004 75.00 0-29
33782004 5/1/2004 4/1/2034 358 376000 376000 5.625 1762.5 6/1/2004 79.16 0-29
33061748 5/1/2004 4/1/2034 358 617400 617400 4.875 2508.19 6/1/2004 80.00 0-29
32679292 5/1/2004 4/1/2034 358 342000 340704.02 4.75 1784.04 6/1/2004 95.00 0-29
33738444 5/1/2004 4/1/2034 358 358400 358388.95 5.99 1789.01 6/1/2004 80.00 0-29
33737651 5/1/2004 4/1/2034 357 671200 671200 6.375 3565.75 7/1/2004 80.00 0-29
33733072 5/1/2004 4/1/2034 358 559200 558625.34 4.99 2325.34 6/1/2004 80.00 0-29
33474115 5/1/2004 4/1/2034 357 410000 409034.65 7.25 2796.93 7/1/2004 100.00 0-29
33685330 5/1/2004 4/1/2034 359 568000 568000 6.375 3017.5 5/1/2004 80.00 0-29
33735341 5/1/2004 4/1/2034 358 408000 407999.87 5.125 1742.5 6/1/2004 80.00 0-29
33521063 5/1/2004 4/1/2034 358 708000 708000 5.5 3245 6/1/2004 80.00 0-29
33883067 5/1/2004 4/1/2034 358 680000 680000 5.625 3187.5 6/1/2004 80.00 0-29
33217076 5/1/2004 4/1/2034 358 459900 459900 7.25 2778.56 6/1/2004 89.99 0-29
33300856 5/1/2004 4/1/2034 358 408000 408000 5.5 1870 6/1/2004 80.00 0-29
33827874 5/1/2004 4/1/2034 357 450000 450000 6.875 2578.13 7/1/2004 91.84 0-29
34102897 5/1/2004 4/1/2034 358 494400 494400 5.625 2317.5 6/1/2004 80.00 0-29
33741786 5/1/2004 4/1/2034 358 368000 368000 5.5 1686.67 6/1/2004 80.00 0-29
33762865 5/1/2004 4/1/2034 357 528000 526065.66 4.99 2831.2 7/1/2004 65.59 0-29
0000000000 5/1/2004 4/1/2034 359 410000 408730.33 5.875 2425.3 5/1/2004 93.18 0-29
33558842 5/1/2004 4/1/2034 358 552000 552000 5.25 2415 6/1/2004 80.00 0-29
33215328 5/1/2004 4/1/2034 358 378000 377950.82 7 2205 6/1/2004 90.00 0-29
33741232 5/1/2004 4/1/2034 358 775200 775200 5.5 3553 6/1/2004 80.00 0-29
33944562 5/1/2004 4/1/2034 358 512000 512000 5.99 2555.73 6/1/2004 80.00 0-29
33737586 5/1/2004 4/1/2034 358 749600 749600 5.5 3435.67 6/1/2004 80.00 0-29
33783549 5/1/2004 4/1/2034 358 372550 372550 5.625 1746.33 6/1/2004 80.00 0-29
34084103 5/1/2004 4/1/2034 358 337500 335512.87 6.625 2161.05 6/1/2004 75.00 0-29
33809583 5/1/2004 4/1/2034 359 444000 444000 6.5 2405 5/1/2004 80.00 0-29
33557893 5/1/2004 4/1/2034 357 580000 580000 4.99 2411.83 7/1/2004 80.00 0-29
33094244 5/1/2004 4/1/2034 358 400000 398986.48 7.25 2728.71 6/1/2004 76.19 0-29
33731654 5/1/2004 4/1/2034 358 336000 336000 6.125 1715 6/1/2004 80.00 0-29
33292889 5/1/2004 4/1/2034 358 399200 399200 5.375 1788.08 6/1/2004 80.00 0-29
4000127919 5/1/2004 4/1/2034 358 405000 403664 5.5 2299.55 6/1/2004 67.50 0-29
33413873 5/1/2004 4/1/2034 358 343800 343800 6.125 1754.81 6/1/2004 90.00 0-29
33762626 5/1/2004 4/1/2034 358 472500 471387.5 7.25 3223.29 6/1/2004 90.00 0-29
33555913 5/1/2004 4/1/2034 357 480000 480000 4.75 1900 7/1/2004 80.00 0-29
33943770 5/1/2004 4/1/2034 358 414400 414400 5.99 2068.55 6/1/2004 80.00 0-29
33729146 5/1/2004 4/1/2034 358 456000 456000 6.25 2375 6/1/2004 80.00 0-29
33470626 5/1/2004 4/1/2034 358 364000 364000 6.875 2085.42 6/1/2004 74.74 0-29
33215922 5/1/2004 4/1/2034 357 475250 475250 4.875 1930.7 7/1/2004 79.67 0-29
33823485 5/1/2004 4/1/2034 358 400000 400000 5.875 1958.33 6/1/2004 80.00 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
33942103 6ML 4.75 3 5.99 11.99 24 6 mo.s interest less 20% obal 4/1/2006 6
33827114 6ML 4 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33469727 6ML 3.875 3 5.875 11.875 36 6 mo.s interest less 20% obal 4/1/2009 6
33556291 6ML 4.375 3 6 12 24 6 mo.s interest less 20% obal 4/1/2006 6
4000125321 6ML 3.375 3 6.125 12.125 24 6 mo.s interest less 20% obal 4/1/2009 6
33590324 6ML 5.25 3 7 13 24 6 mo.s interest less 20% obal 5/1/2006 6
33782004 6ML 4 3 5.625 11.625 24 6 mo.s interest less 20% obal 4/1/2006 6
33061748 6ML 3.375 3 4.875 10.875 24 6 mo.s interest less 20% obal 4/1/2006 6
32679292 6ML 4.75 3 4.75 10.75 36 2% prepaid 4/1/2007 6
33738444 6ML 4.5 3 5.99 11.99 24 6 mo.s interest less 20% obal 4/1/2006 6
33737651 6ML 4.75 3 6.375 12.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33733072 6ML 3.5 3 4.99 10.99 24 6 mo.s interest less 20% obal 4/1/2006 6
33474115 6ML 5 3 7.25 13.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33685330 6ML 4.5 3 6.375 12.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33735341 6ML 3.5 3 5.125 11.125 36 6 mo.s interest less 20% obal 4/1/2009 6
33521063 6ML 3.375 3 5.5 11.5 0 None 4/1/2006 6
33883067 6ML 3.5 3 5.625 11.625 12 6 mo.s interest less 20% obal 4/1/2006 6
33217076 6ML 6.125 3 7.25 13.25 12 6 mo.s interest less 20% obal 4/1/2006 6
33300856 6ML 4.125 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33827874 6ML 5.25 3 6.875 12.875 0 None 4/1/2006 6
34102897 6ML 4.5 3 5.625 11.625 24 6 mo.s interest less 20% obal 4/1/2006 6
33741786 6ML 4.25 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33762865 6ML 3.875 3 4.99 10.99 0 None 4/1/2006 6
0000000000 6ML 5.5 3 5.875 11.875 36 6 mo.s interest less 20% obal 4/1/2006 6
33558842 6ML 3.5 3 5.25 11.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33215328 6ML 6 3 7 13 24 6 mo.s interest less 20% obal 4/1/2006 6
33741232 6ML 3.75 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33944562 6ML 4.5 3 5.99 11.99 24 6 mo.s interest less 20% obal 4/1/2006 6
33737586 6ML 3.875 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33783549 6ML 4.25 3 5.625 11.625 24 6 mo.s interest less 20% obal 4/1/2006 6
34084103 6ML 5.625 3 6.625 12.625 24 6 mo.s interest less 20% obal 4/1/2006 6
33809583 6ML 4.375 3 6.5 12.5 24 6 mo.s interest less 20% obal 4/1/2009 6
33557893 6ML 3.5 3 4.99 10.99 24 6 mo.s interest less 20% obal 4/1/2006 6
33094244 6ML 6.125 3 7.25 13.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33731654 6ML 4.125 3 6.125 12.125 12 6 mo.s interest less 20% obal 4/1/2006 6
33292889 6ML 4 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2006 6
4000127919 6ML 4.375 3 5.5 11.5 36 6 mo.s interest less 20% obal 4/1/2006 6
33413873 6ML 5.5 3 6.125 12.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33762626 6ML 5.625 3 7.25 13.25 0 None 4/1/2006 6
33555913 6ML 3.5 3 4.75 10.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33943770 6ML 4.375 3 5.99 11.99 24 6 mo.s interest less 20% obal 4/1/2009 6
33729146 6ML 4.5 3 6.25 12.25 12 6 mo.s interest less 20% obal 4/1/2006 6
33470626 6ML 5.125 3 6.875 12.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33215922 6ML 3.75 3 4.875 10.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33823485 6ML 3.875 3 5.875 11.875 12 6 mo.s interest less 20% obal 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------
33942103 6 C/O Refi N N 0
33827114 6 Purchase N Y 60
33469727 6 Purchase N Y 60
33556291 6 Purchase N Y 60
4000125321 6 C/O Refi N Y 60
33590324 6 R/T Refi N N 0
33782004 6 C/O Refi N Y 60
33061748 6 Purchase N Y 60
32679292 6 C/O Refi N N 0
33738444 6 C/O Refi N Y 60
33737651 6 Purchase N Y 60
33733072 6 Purchase N Y 60
33474115 6 Purchase N N 0
33685330 6 C/O Refi N Y 60
33735341 6 Purchase N Y 60
33521063 6 Purchase N Y 60
33883067 6 Purchase N Y 60
33217076 6 Purchase N Y 60
33300856 6 Purchase N Y 60
33827874 6 C/O Refi N Y 60
34102897 6 Purchase N Y 60
33741786 6 Purchase N Y 60
33762865 6 C/O Refi N N 0
0000000000 6 C/O Refi N N 0
33558842 6 Purchase N Y 60
33215328 6 C/O Refi N Y 60
33741232 6 Purchase N Y 60
33944562 6 Purchase N Y 60
33737586 6 Purchase N Y 60
33783549 6 Purchase N Y 60
34084103 6 C/O Refi N N 0
33809583 6 C/O Refi N Y 60
33557893 6 Purchase N Y 60
33094244 6 C/O Refi N N 0
33731654 6 C/O Refi N Y 60
33292889 6 Purchase N Y 60
4000127919 6 C/O Refi N N 0
33413873 6 Purchase N Y 60
33762626 6 C/O Refi N N 0
33555913 6 Purchase N Y 60
33943770 6 Purchase N Y 60
33729146 6 Purchase N Y 60
33470626 6 C/O Refi N Y 60
33215922 6 Purchase N Y 60
33823485 6 X/X Xxxx X X 00
X-0-00
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
------------------------------------------------------------------------------------------------------------------------------
33734583 SAN XXXXXXXX 92672 CA Condo Owner Occupied 360.00 3/25/2004
33469545 SANTA XXXXXXX 93111 CA Single Family Owner Occupied 360.00 3/19/2004
33713421 XXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/31/2004
33470287 XXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/11/2004
33327644 VALLEJO 94590 CA Single Family Owner Occupied 360.00 3/22/2004
33560152 XXXXX 00000 XX Single Family Owner Occupied 360.00 3/18/2004
32780835 SCARSDALE 10583 NY Single Family Owner Occupied 360.00 3/25/2004
33038621 CLARKSVILLE 00000 XX PUD Owner Occupied 360.00 3/26/2004
34042754 DALLAS 75219 TX Single Family Owner Occupied 360.00 3/31/2004
34105130 VISTA AREA 92084 CA Single Family Owner Occupied 360.00 3/25/2004
4000128546 XXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/26/2004
33514498 XXX XXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/12/2004
33547282 DIAMOND BAR 91765 CA Single Family Owner Occupied 360.00 3/25/2004
33823196 RIVERSIDE 92508 CA Single Family Owner Occupied 360.00 3/25/2004
33561796 XXXXXXXX 00000 XX PUD Owner Occupied 360.00 3/19/2004
33260126 RAMORD KEY 33042 FL Single Family Second Home 360.00 3/30/2004
33739038 XXXXXX 00000 XX PUD Owner Occupied 360.00 3/26/2004
34084194 REDONDO BEACH 90278 CA Condo Owner Occupied 360.00 3/26/2004
33113382 XXX XXXXX 00000 XX Single Family Owner Occupied 360.00 3/26/2004
33489808 AMERICAN CANYON 94503 CA Single Family Owner Occupied 360.00 3/19/2004
33259615 HOBE SOUND 33455 FL PUD Owner Occupied 360.00 3/26/2004
33494360 DIXON 95820 CA Single Family Second Home 360.00 3/25/2004
34104968 XXXXXX XXXXX XXXXXXXXX 00000 XX Condo Owner Occupied 360.00 3/26/2004
33802950 XXXXXXXXXX 00000 XX PUD Non-Owner Occupied 360.00 3/31/2004
33561267 XXXXXX XXXXXX 00000 XX PUD Owner Occupied 360.00 3/25/2004
33169384 XXXXX TWP 48065 MI Condo Owner Occupied 360.00 3/31/2004
33471244 XXXXXXXXXX XXXXX 00000 XX Condo Owner Occupied 360.00 3/17/2004
34105809 XXXXXXXXXX XXXXX 00000 XX Single Family Owner Occupied 360.00 3/29/2004
33734310 XXXXXX 00000 XX Single Family Owner Occupied 360.00 3/22/2004
33514886 XXX XXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/18/2004
33740390 YORBA LINDA 92886 CA Single Family Owner Occupied 360.00 3/18/2004
0000000000 XXXXXXXXXX XXXXX 00000 XX Single Family Owner Occupied 360.00 3/22/2004
33559899 XXXXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/24/2004
33944182 XXXXX XXXXX 00000 XX PUD Owner Occupied 360.00 3/26/2004
33766098 XXXXXXXX 00000 XX Multi Family - 2 Units Owner Occupied 360.00 3/31/2004
33370487 COMMERCE 48390 MI Single Family Owner Occupied 360.00 3/26/2004
33474313 XXXXXXXX 00000 XX PUD Owner Occupied 360.00 3/26/2004
33494436 CONCORD 94521 CA Single Family Owner Occupied 360.00 3/25/2004
33116583 XXX XXXXX 00000 XX Single Family Owner Occupied 360.00 3/31/2004
33983909 HOBE SOUND 33455 FL PUD Owner Occupied 360.00 3/31/2004
33945056 BONITA 91902 CA Single Family Owner Occupied 360.00 3/26/2004
33619180 ST PETERSBURG 33701 FL Single Family Owner Occupied 360.00 3/26/2004
33737768 YORBA LINDA 92886 CA Single Family Owner Occupied 360.00 3/16/2004
33370909 XXXXXXXXXX XXXXX 00000 XX Single Family Owner Occupied 360.00 3/26/2004
33556614 BONITA 91902 CA Single Family Owner Occupied 360.00 3/25/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
---------------------------------------------------------------------------------------------------------------------------------
33734583 5/1/2004 4/1/2034 358 464000 463886.42 5.875 2271.67 6/1/2004 80.00 0-29
33469545 5/1/2004 4/1/2034 357 418000 417800 5.375 1872.29 7/1/2004 55.73 0-29
33713421 5/1/2004 4/1/2034 358 360000 359213.34 7.625 2548.06 6/1/2004 80.00 0-29
33470287 5/1/2004 4/1/2034 358 451200 451200 5.125 1927 6/1/2004 80.00 0-29
33327644 5/1/2004 4/1/2034 358 365500 365500 7.125 2170.16 6/1/2004 85.00 0-29
33560152 5/1/2004 4/1/2034 358 420000 420000 4.75 1662.5 6/1/2004 80.00 0-29
32780835 5/1/2004 4/1/2034 358 544000 542586.95 6.75 3528.38 6/1/2004 80.00 0-29
33038621 5/1/2004 4/1/2034 358 578900 577396.29 6.75 3754.74 6/1/2004 70.00 0-29
34042754 5/1/2004 4/1/2034 358 604950 602690.68 5.25 3340.56 6/1/2004 80.00 0-29
34105130 5/1/2004 4/1/2034 358 389500 388488.27 6.75 2526.29 6/1/2004 95.00 0-29
4000128546 5/1/2004 4/1/2034 358 365500 365500 5.375 1637.14 6/1/2004 85.00 0-29
33514498 5/1/2004 4/1/2034 358 540000 540000 6.5 2925 6/1/2004 77.70 0-29
33547282 5/1/2004 4/1/2034 358 391500 391500 7.5 2446.88 6/1/2004 90.00 0-29
33823196 5/1/2004 4/1/2034 358 410000 409287.13 8.75 3225.48 6/1/2004 100.00 0-29
33561796 5/1/2004 4/1/2034 358 690000 689831.08 5.875 3378.13 6/1/2004 75.00 0-29
33260126 5/1/2004 4/1/2034 358 400000 400000 6.25 2083.33 6/1/2004 91.95 0-29
33739038 5/1/2004 4/1/2034 357 612000 612000 5.625 2868.75 7/1/2004 90.00 0-29
34084194 5/1/2004 4/1/2034 359 400000 400000 7.125 2375 5/1/2004 64.00 0-29
33113382 5/1/2004 4/1/2034 358 388500 387388.34 6.25 2392.07 6/1/2004 92.50 0-29
33489808 5/1/2004 4/1/2034 358 357600 357600 5.75 1713.5 6/1/2004 80.00 0-29
33259615 5/1/2004 4/1/2034 358 448000 448000 5.875 2193.33 6/1/2004 80.00 0-29
33494360 5/1/2004 4/1/2034 358 386600 386600 6.625 2134.35 6/1/2004 89.99 0-29
34104968 5/1/2004 4/1/2034 358 360000 360000 5.875 1762.5 6/1/2004 80.00 0-29
33802950 5/1/2004 4/1/2034 358 500000 500000 6.375 2656.25 6/1/2004 78.74 0-29
33561267 5/1/2004 4/1/2034 358 405000 405000 6.5 2193.75 6/1/2004 90.00 0-29
33169384 5/1/2004 4/1/2034 358 422000 420821.17 6.375 2632.74 6/1/2004 100.00 0-29
33471244 5/1/2004 4/1/2034 357 364800 363805.26 6.5 2305.79 7/1/2004 95.00 0-29
34105809 5/1/2004 4/1/2034 358 684300 684299.99 5.5 3136.38 6/1/2004 80.00 0-29
33734310 5/1/2004 4/1/2034 358 400000 399998.66 5.125 1708.33 6/1/2004 80.00 0-29
33514886 5/1/2004 4/1/2034 358 821250 821250 6.25 4277.34 6/1/2004 75.00 0-29
33740390 5/1/2004 4/1/2034 358 566400 566267.25 5.625 2655 6/1/2004 80.00 0-29
0000000000 5/1/2004 4/1/2034 358 570000 569999.99 5.875 2790.63 6/1/2004 95.00 0-29
33559899 5/1/2004 4/1/2034 358 508000 508000 4.99 2112.43 6/1/2004 80.00 0-29
33944182 5/1/2004 4/1/2034 358 377958 377958 4.99 1571.68 6/1/2004 89.99 0-29
33766098 5/1/2004 4/1/2034 359 501000 501000 5.375 2244.06 5/1/2004 79.52 0-29
33370487 5/1/2004 4/1/2034 358 472000 471885 6.375 2507.5 6/1/2004 88.97 0-29
33474313 5/1/2004 4/1/2034 357 552000 552000 6.125 2817.5 7/1/2004 80.00 0-29
33494436 5/1/2004 4/1/2034 358 550000 550000 6.625 3036.46 6/1/2004 73.33 0-29
33116583 5/1/2004 4/1/2034 358 347200 347200 6.75 1953 6/1/2004 84.99 0-29
33983909 5/1/2004 4/1/2034 357 433500 433500 6.625 2393.28 7/1/2004 85.00 0-29
33945056 5/1/2004 4/1/2034 358 584000 584000 5.25 2555 6/1/2004 80.00 0-29
33619180 5/1/2004 4/1/2034 358 610000 608563.77 7.25 4161.28 6/1/2004 69.56 0-29
33737768 6/1/2004 5/1/2034 359 460000 460000 4.99 1912.83 6/1/2004 80.00 0-29
33370909 5/1/2004 4/1/2034 358 685000 684946.56 6.25 3567.71 6/1/2004 74.05 0-29
33556614 5/1/2004 4/1/2034 358 562500 562500 6.125 2871.09 6/1/2004 90.00 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
33734583 6ML 4 3 5.875 11.875 24 6 mo.s interest less 20% obal 4/1/2009 6
33469545 6ML 3.5 3 5.375 11.375 36 6 mo.s interest less 20% obal 4/1/2009 6
33713421 6ML 4.5 3 7.625 13.625 0 None 4/1/2006 6
33470287 6ML 3.75 3 5.125 11.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33327644 6ML 5.75 3 7.125 13.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33560152 6ML 3.625 3 4.75 10.75 24 6 mo.s interest less 20% obal 4/1/2006 6
32780835 6ML 5.625 3 6.75 12.75 0 None 4/1/2006 6
33038621 6ML 5.625 3 6.75 12.75 24 6 mo.s interest less 20% obal 4/1/2006 6
34042754 6ML 3.75 3 5.25 11.25 36 6 mo.s interest less 20% obal 4/1/2009 6
34105130 6ML 6.125 3 6.75 12.75 24 6 mo.s interest less 20% obal 4/1/2006 6
4000128546 6ML 4 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33514498 6ML 4.75 3 6.5 12.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33547282 6ML 6.25 3 7.5 13.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33823196 6ML 6.5 3 8.75 14.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33561796 6ML 3.875 3 5.875 11.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33260126 6ML 5.75 3 6.25 12.25 36 6 mo.s interest less 20% obal 4/1/2006 6
33739038 6ML 4.5 3 5.625 11.625 24 6 mo.s interest less 20% obal 4/1/2006 6
34084194 6ML 5 3 7.125 13.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33113382 6ML 5.5 3 6.25 12.25 24 min (2% prepaid, 60 days interest) 4/1/2006 6
33489808 6ML 4.375 3 5.75 11.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33259615 6ML 4.375 3 5.875 11.875 12 6 mo.s interest less 20% obal 4/1/2006 6
33494360 6ML 5.875 3 6.625 12.625 24 6 mo.s interest less 20% obal 4/1/2006 6
34104968 6ML 4.5 3 5.875 11.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33802950 6ML 4.5 3 6.375 12.375 0 None 4/1/2006 6
33561267 6ML 5.625 3 6.5 12.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33169384 6ML 5 3 6.375 12.375 36 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33471244 6ML 4.75 3 6.5 12.5 24 6 mo.s interest less 20% obal 4/1/2006 6
34105809 6ML 3.875 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33734310 6ML 3.625 3 5.125 11.125 36 6 mo.s interest less 20% obal 4/1/2009 6
33514886 6ML 3.5 3 6.25 12.25 0 None 4/1/2006 6
33740390 6ML 4 3 5.625 11.625 24 6 mo.s interest less 20% obal 4/1/2006 6
0000000000 6ML 5.125 3 5.875 11.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33559899 6ML 3.5 3 4.99 10.99 24 6 mo.s interest less 20% obal 4/1/2006 6
33944182 6ML 4.125 1 4.99 10.99 36 6 mo.s interest less 20% obal 10/1/2004 6
33766098 6ML 4 3 5.375 11.375 0 None 4/1/2006 6
33370487 6ML 5.875 3 6.375 12.375 48 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2007 6
33474313 6ML 4.375 3 6.125 12.125 12 6 mo.s interest less 20% obal 4/1/2006 6
33494436 6ML 4.625 3 6.625 12.625 12 6 mo.s interest less 20% obal 4/1/2006 6
33116583 6ML 6 3 6.75 12.75 36 min (2% prepaid, 60 days interest) 4/1/2006 6
33983909 6ML 5.75 3 6.625 12.625 24 6 mo.s interest less 20% obal 4/1/2006 6
33945056 6ML 3.5 3 5.25 11.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33619180 6ML 5.5 3 7.25 13.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33737768 6ML 3.75 3 4.99 10.99 36 6 mo.s interest less 20% obal 5/1/2007 6
33370909 6ML 4.5 3 6.25 12.25 24 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33556614 6ML 5 3 6.125 12.125 24 6 mo.s interest less 20% obal 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------
33734583 6 Purchase N Y 60
33469545 6 C/O Refi N Y 60
33713421 6 Purchase N N 0
33470287 6 Purchase N Y 60
33327644 6 C/O Refi N Y 60
33560152 6 Purchase N Y 60
32780835 6 Purchase N N 0
33038621 6 C/O Refi N N 0
34042754 6 Purchase N N 0
34105130 6 C/O Refi N N 0
4000128546 6 C/O Refi N Y 60
33514498 6 C/O Refi N Y 60
33547282 6 R/T Refi N Y 60
33823196 6 Purchase N N 0
33561796 6 Purchase N Y 60
33260126 6 Purchase N Y 60
33739038 6 C/O Refi N Y 60
34084194 6 R/T Refi N Y 60
33113382 6 C/O Refi N N 0
33489808 6 Purchase N Y 60
33259615 6 Purchase N Y 60
33494360 6 Purchase N Y 60
34104968 6 C/O Refi N Y 60
33802950 6 C/O Refi N Y 60
33561267 6 Purchase N Y 60
33169384 6 Purchase N N 0
33471244 6 Purchase N N 0
34105809 6 Purchase N Y 60
33734310 6 Purchase N Y 60
33514886 6 Purchase N Y 60
33740390 6 Purchase N Y 60
0000000000 6 C/O Refi N Y 60
33559899 6 Purchase N Y 60
33944182 6 C/O Refi N Y 60
33766098 6 Purchase N Y 60
33370487 6 C/O Refi N Y 60
33474313 6 Purchase N Y 60
33494436 6 C/O Refi N Y 60
33116583 6 Purchase N Y 60
33983909 6 Purchase N Y 60
33945056 6 C/O Refi N Y 60
33619180 6 R/T Refi N N 0
33737768 6 Purchase N Y 60
33370909 6 R/T Refi N Y 60
33556614 6 Purchase N Y 60
D-2-11
PROPERTY ORIGINAL ORIGINATION
LOANID CITY ZIP STATE TYPE OCCUPANCY TERM DATE
------------------------------------------------------------------------------------------------------------------------------
33947268 XXXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/24/2004
33435199 XXXXXX 00000 XX PUD Owner Occupied 360.00 3/26/2004
33368275 XXXXXXXX XXXXXXXX 00000 MI Single Family Owner Occupied 360.00 3/25/2004
33319468 XXXXXXXXXXX 00000 XX PUD Owner Occupied 360.00 3/22/2004
33787581 NOVATO 94945 CA PUD Owner Occupied 360.00 3/23/2004
33687039 XXX XXXX 00000 CA Single Family Owner Occupied 360.00 3/16/2004
33066796 XXXXXX 00000 XX PUD Owner Occupied 360.00 3/16/2004
00000000 BURBANK 91506 CA Single Family Owner Occupied 360.00 3/22/2004
33558693 XXXXXX 92065 CA PUD Owner Occupied 360.00 3/10/2004
33258567 XXXXXXXXXX 00000 XX PUD Owner Occupied 360.00 3/29/2004
33467879 XXX XXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/24/2004
4000127555 XXXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/26/2004
33316183 FIRESTONE 80504 CO PUD Owner Occupied 360.00 3/25/2004
33882069 XXXXX XXXX 00000 XX Condo Second Home 360.00 3/31/2004
33561226 XXX XXXXXX 00000 XX Single Family Owner Occupied 360.00 3/18/2004
33722414 XXXXXX 00000 XX PUD Owner Occupied 360.00 3/19/2004
33556358 XXX XXXXXX 00000 XX Single Family Owner Occupied 360.00 3/18/2004
33059320 XXXXX XXXXX 00000 XX PUD Owner Occupied 360.00 3/16/2004
34106195 REDONDO BEACH 90277 CA Single Family Owner Occupied 360.00 3/26/2004
33733577 XXXXXXXXXX XXXXX 00000 XX Single Family Owner Occupied 360.00 3/16/2004
33741398 XXX XXXX XXXXXXXXXX 00000 CA Single Family Owner Occupied 360.00 3/22/2004
33687427 XXX XXXX 00000 CA Single Family Owner Occupied 360.00 3/25/2004
33688037 XXX XXXX 00000 CA Single Family Owner Occupied 360.00 3/22/2004
4000115641 ESCONDIDO 92026 CA Single Family Owner Occupied 360.00 3/26/2004
33515768 XXXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/12/2004
33337254 XXXXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/10/2004
33740440 CYPRESS 90630 CA Single Family Owner Occupied 360.00 3/22/2004
33292343 XXXXXX XXXX 95037 CA PUD Owner Occupied 360.00 3/25/2004
33740812 XXXXXXX 00000 XX Single Family Owner Occupied 360.00 3/23/2004
PAID ORIGINAL
FIRST MATURITY REMAINING ORIGINAL SCHEDULED THRU COMBINED LOAN OTS
LOANID PAY DATE DATE TERM BALANCE BALANCE RATE P&I DATE TO VALUE DELINQUENCY
---------------------------------------------------------------------------------------------------------------------------------
33947268 5/1/2004 4/1/2034 358 352800 352800 5.75 1690.5 6/1/2004 90.00 0-29
33435199 5/1/2004 4/1/2034 358 1000000 996701.23 5.5 5677.9 6/1/2004 62.50 0-29
33368275 5/1/2004 4/1/2034 358 444000 442758.82 6.375 2769.99 6/1/2004 80.00 0-29
33319468 5/1/2004 4/1/2034 358 520000 520000 5.5 2383.33 6/1/2004 80.00 0-29
33787581 5/1/2004 4/1/2034 358 620000 620000 5.375 2777.08 6/1/2004 73.37 0-29
33687039 5/1/2004 4/1/2034 358 408000 408000 5.125 1742.5 6/1/2004 80.00 0-29
33066796 5/1/2004 4/1/2034 358 648000 648000 5.375 2902.5 6/1/2004 80.00 0-29
33471335 5/1/2004 4/1/2034 358 606000 604047.32 5.625 3488.48 6/1/2004 80.00 0-29
33558693 5/1/2004 4/1/2034 358 380000 380000 5.25 1662.5 6/1/2004 80.00 0-29
33258567 5/1/2004 4/1/2034 358 406400 406400 6.25 2116.67 6/1/2004 80.00 0-29
33467879 5/1/2004 4/1/2034 358 693750 693750 5.99 3462.97 6/1/2004 75.00 0-29
4000127555 5/1/2004 4/1/2034 358 500000 499900 5.75 2395.83 6/1/2004 94.88 0-29
33316183 5/1/2004 4/1/2034 358 360000 359900 5.75 1725 6/1/2004 80.00 0-29
33882069 5/1/2004 4/1/2034 358 630650 628801.72 6.125 3831.9 6/1/2004 74.99 0-29
33561226 5/1/2004 4/1/2034 359 383200 383200 4.875 1556.75 5/1/2004 80.00 0-29
33722414 5/1/2004 4/1/2034 358 337500 336663.57 6.99 2243.13 6/1/2004 90.00 0-29
33556358 5/1/2004 4/1/2034 358 436800 436800 5.25 1911 6/1/2004 80.00 0-29
33059320 5/1/2004 4/1/2034 358 590550 590550 5.75 2829.72 6/1/2004 80.00 0-29
34106195 5/1/2004 4/1/2034 358 543200 543200 5.25 2376.5 6/1/2004 80.00 0-29
33733577 5/1/2004 4/1/2034 358 450000 450000 5.75 2156.25 6/1/2004 75.00 0-29
33741398 5/1/2004 4/1/2034 358 746000 746000 6.25 3885.42 6/1/2004 74.97 0-29
33687427 5/1/2004 4/1/2034 358 392000 392000 5 1633.33 6/1/2004 80.00 0-29
33688037 5/1/2004 4/1/2034 358 558000 558000 6.375 2964.38 6/1/2004 90.00 0-29
4000115641 5/1/2004 4/1/2034 358 342000 342000 5.999 1709.71 6/1/2004 90.00 0-29
33515768 5/1/2004 4/1/2034 358 520000 520000 6.375 2762.5 6/1/2004 80.00 0-29
33337254 5/1/2004 4/1/2034 357 380000 380000 4.75 1504.17 7/1/2004 80.00 0-29
33740440 5/1/2004 4/1/2034 357 435000 434566.41 6.5 2356.25 7/1/2004 77.33 0-29
33292343 5/1/2004 4/1/2034 358 689600 689356.33 5 2873.33 6/1/2004 80.00 0-29
33740812 5/1/2004 4/1/2034 358 348000 346930.35 5.875 2058.56 6/1/2004 80.00 0-29
INITIAL PREPAYMENT FIRST RATE RATE RESET
LOANID INDEX MARGIN CAP FLOOR CEILING TERM PREPAYMENT PENALTY RESET DATE FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
33947268 6ML 5 1 5.75 11.75 24 6 mo.s interest less 20% obal 10/1/2004 6
33435199 6ML 3.125 3 5.5 11.5 0 None 4/1/2009 6
33368275 6ML 4.875 3 6.375 12.375 12 3%/2%/1%-1st yr/2nd yr/3rd yr 4/1/2006 6
33319468 6ML 3.875 3 5.5 11.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33787581 6ML 3.875 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2006 6
33687039 6ML 3.375 3 5.125 11.125 24 6 mo.s interest less 20% obal 4/1/2009 6
33066796 6ML 3.375 3 5.375 11.375 24 6 mo.s interest less 20% obal 4/1/2009 6
33471335 6ML 4 3 5.625 11.625 36 6 mo.s interest less 20% obal 4/1/2009 6
33558693 6ML 4 3 5.25 11.25 36 6 mo.s interest less 20% obal 4/1/2007 6
33258567 6ML 5.375 3 6.25 12.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33467879 6ML 3.625 3 5.99 11.99 24 6 mo.s interest less 20% obal 4/1/2006 6
4000127555 6ML 4.75 3 5.75 11.75 36 6 mo.s interest less 20% obal 4/1/2009 6
33316183 6ML 4.625 3 5.75 11.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33882069 6ML 4.5 3 6.125 12.125 24 6 mo.s interest less 20% obal 4/1/2006 6
33561226 6ML 3.625 3 4.875 10.875 24 6 mo.s interest less 20% obal 4/1/2006 6
33722414 6ML 4.875 3 6.99 12.99 24 6 mo.s interest less 20% obal 4/1/2006 6
33556358 6ML 4 3 5.25 11.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33059320 6ML 3.75 3 5.75 11.75 36 6 mo.s interest less 20% obal 4/1/2009 6
34106195 6ML 3.375 3 5.25 11.25 0 None 4/1/2006 6
33733577 6ML 3.5 3 5.75 11.75 36 6 mo.s interest less 20% obal 4/1/2009 6
33741398 6ML 3.875 3 6.25 12.25 24 6 mo.s interest less 20% obal 4/1/2006 6
33687427 6ML 3.625 3 5 11 24 6 mo.s interest less 20% obal 4/1/2006 6
33688037 6ML 5 3 6.375 12.375 24 6 mo.s interest less 20% obal 4/1/2006 6
4000115641 6ML 4.75 3 5.999 11.999 12 6 mo.s interest less 20% obal 4/1/2006 6
33515768 6ML 4.375 3 6.375 12.375 36 6 mo.s interest less 20% obal 4/1/2009 6
33337254 6ML 3.5 3 4.75 10.75 24 6 mo.s interest less 20% obal 4/1/2006 6
33740440 6ML 5.125 3 6.5 12.5 24 6 mo.s interest less 20% obal 4/1/2006 6
33292343 6ML 3.875 1 5 11 24 6 mo.s interest less 20% obal 10/1/2004 6
33740812 6ML 3.375 3 5.875 11.875 24 6 mo.s interest less 20% obal 4/1/2006 6
PAYMENT
RESET
LOANID FREQUENCY PURPOSE DIV IO IOTERM
--------------------------------------------------------
33947268 6 C/O Refi N Y 60
33435199 6 C/O Refi N N 0
33368275 6 C/O Refi N N 0
33319468 6 C/O Refi N Y 60
33787581 6 Purchase N Y 60
33687039 6 Purchase N Y 60
33066796 6 Purchase N Y 60
33471335 6 Purchase N N 0
33558693 6 Purchase N Y 60
33258567 6 Purchase N Y 60
33467879 6 R/T Refi N Y 60
4000127555 6 R/T Refi N Y 60
33316183 6 R/T Refi N Y 60
33882069 6 Purchase N N 0
33561226 6 Purchase N Y 60
33722414 6 Purchase N N 0
33556358 6 Purchase N Y 60
33059320 6 Purchase N Y 60
34106195 6 Purchase N Y 60
33733577 6 C/O Refi N Y 60
33741398 6 C/O Refi N Y 60
33687427 6 Purchase N Y 60
33688037 6 C/O Refi N Y 60
4000115641 6 C/O Refi N Y 60
33515768 6 Purchase N Y 60
33337254 6 Purchase N Y 60
33740440 6 C/O Refi N Y 60
33292343 6 Purchase N Y 60
33740812 6 Purchase N N 0
D-2-12
EXHIBIT E
FORM OF REQUEST FOR RELEASE OF DOCUMENTS
To: XXXxxxxx Xxxxx Xxxx
0 Xxx Xxxx Xxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 10004-2477
Attn: Global Debt Services - ABFC, Series 2004-FF1
Re: Pooling and Servicing Agreement dated as of July 1, 2004 among
Asset Backed Funding Corporation, as depositor, Countrywide
Home Loans Servicing LP, as Servicer, and JPMorgan Xxxxx Bank,
as trustee
All capitalized terms used herein shall have the means
ascribed to them in the Pooling and Servicing Agreement (the "Agreement")
referenced above.
In connection with the administration of the Mortgage Loans
held by you as Trustee pursuant to the Agreement, we request the release, and
hereby acknowledge receipt, of the Trustee's Mortgage File for the Mortgage Loan
described below, for the reason indicated.
Mortgage Loan Number:
Mortgagor Name, Address & Zip Code:
Reason for Requesting Documents (check one):
_____ 1. Mortgage Paid in Full
_____ 2. Foreclosure
_____ 3. Substitution
_____ 4. Other Liquidation (Repurchases, etc.)
_____ 5. Nonliquidation Reason:
-----------------------------
By:
---------------------------------
(authorized signer)
Issuer:
-----------------------------
Address:
----------------------------
Date:
-------------------------------
E-1
Custodian
JPMorgan Xxxxx Bank
Please acknowledge the execution of the above request by your signature
and date below:
----------------------------------------- ---------------------------
Signature Date
Documents returned to Custodian:
----------------------------------------- ---------------------------
Custodian Date
F-1-2
EXHIBIT F-1
FORM OF TRUSTEE'S INITIAL CERTIFICATION
__________, 20__
Asset Backed Funding Corporation
000 Xxxxx Xxxxx Xxxxxx
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000
Countrywide Home Loans Servicing LP
000 Xxxxxxxxxxx Xxx, XX-X
Xxxx Xxxxxx, Xxxxxxxxxx 00000
Re: ABFC Asset-Backed Certificates, Series 2004-FF1
Ladies and Gentlemen:
The undersigned, as Trustee, hereby certifies that, as except as noted
on the schedule of exceptions attached hereto as Schedule A, as to each Mortgage
Loan listed on the Mortgage Loan Schedule (other than any Mortgage Loan paid in
full or any Mortgage Loan listed on the attachment hereto) it has reviewed the
Mortgage Files and has determined that (i) all documents required to be
delivered to it pursuant to Section 2.01(a), (b), (c), (d) and (e) of the
Pooling and Servicing Agreement, dated as of July 1, 2004, among Asset Backed
Funding Corporation, as depositor, Countrywide Home Loans Servicing LP, as
servicer and the undersigned, as trustee (the "Agreement") are in its
possession, and if indicated as applicable in a separate writing delivered to
the Trustee, that all documents delivered to it pursuant to Section 2.01(f) of
the Agreement are in its possession; (ii) such documents have been reviewed by
it and appear regular on their face and related to such Mortgage Loan, (iii)
each Mortgage Note has been endorsed as provided in Section 2.01(a) of the
Agreement and each Mortgage has been assigned in accordance with Section 2.01(c)
and (d) of the Agreement and (iv) based on its examination of the documents in
the Mortgage File and only as to such documents, the Mortgage Loan information
attached hereto as Schedule B set forth for each Mortgage Loan on the related
Mortgage Loan Schedule with respect to such Mortgage Loan accurately reflects
information set forth in the related Mortgage File. The Trustee makes no
representations as to (i) the validity, legality, enforceability, sufficiency,
due authorization or genuineness of any of the documents contained in each
Mortgage File or of any of the Mortgage Loans or (ii) the collectability,
insurability, effectiveness or suitability of any such Mortgage Loan.
This Initial Certification is not divisible or negotiable.
The Trustee will accept and act on instructions with respect to the
Mortgage Loans subject hereto upon surrender of this Initial Certification at
its office at 0000 Xxxxxx Xxxxxx, 00xx Xxxxx, Xxxxxxx, Xxxxx 00000, Attention:
Manager - ABFC 2004-FF1.
F-1-1
Capitalized terms used herein shall have the meaning ascribed to them
in the Agreement.
JPMORGAN XXXXX BANK,
as Trustee
By:
--------------------------------
Name:
------------------------------
Title:
-----------------------------
F-1-2
SCHEDULE A - TO INITIAL CERTIFICATION
EXCEPTIONS
F-1-2
SCHEDULE B - TO INITIAL CERTIFICATION
MORTGAGE LOAN INFORMATION
1. Loan Identification Number
2. Mortgagor's Name
3. State and Zip Code of Mortgaged Property
4. Initial Mortgage Interest Rate
5. Original Principal Balance
6. Scheduled Maturity Date
7. Initial Monthly Payment
8. Initial Payment Date
9. Gross Margin (for Adjustable Rate Mortgage Loans)
10. Initial Adjustment Date (for Adjustable Rate Mortgage Loans)
11. Maximum Mortgage Interest Rate (for Adjustable Rate Mortgage Loans)
12. Minimum Mortgage Interest Rate (for Adjustable Rate Mortgage Loans)
13. Periodic Interest Rate (for Adjustable Rate Mortgage Loans)
14. Prepayment Charge Term (if applicable)
15. Prepayment Charge Amount (if applicable)
F-1-4
EXHIBIT F-2
FORM OF TRUSTEE'S FINAL CERTIFICATION
July 30, 2004
Asset Backed Funding Corporation
000 Xxxxx Xxxxx Xxxxxx, 00xx Xxxxx
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000
Countrywide Home Loans Servicing LP
000 Xxxxxxxxxxx Xxx, XX-X
Xxxx Xxxxxx, Xxxxxxxxxx 00000
Re: ABFC Asset-Backed Certificates, Series 2004-FF1
Ladies and Gentlemen:
The undersigned, as Trustee, hereby certifies that, as except as noted
on the schedule of exceptions attached hereto as Schedule A, as to each Mortgage
Loan listed on the Mortgage Loan Schedule (other than any Mortgage Loan paid in
full or any Mortgage Loan listed on the attachment hereto) it has reviewed the
Mortgage Files and has determined that (a) all documents required to be
delivered to it pursuant to Section 2.01(a), (b), (c), (d) and (e) of the
Pooling and Servicing Agreement, dated as of July 1, 2004, among Asset Backed
Funding Corporation, as depositor, Countrywide Home Loan Servicing LP, as
servicer and the undersigned, as trustee (the "Agreement") are in its
possession, and if indicated as applicable in a separate writing delivered to
the Trustee, that all documents delivered to it pursuant to Section 2.01(f) of
the Agreement are in its possession; (b) such documents have been reviewed by it
and appear regular on their face and related to such Mortgage Loan, (c) each
Mortgage Note has been endorsed as provided in Section 2.01(a) of the Agreement
and each Mortgage has been assigned in accordance with Sections 2.01(c) and (d)
of the Agreement and (d) based on its examination of the documents in the
Mortgage File and only as to such documents, the Mortgage Loan information
attached hereto as Schedule B set forth for each Mortgage Loan on the related
Mortgage Loan Schedule with respect to such Mortgage Loan accurately reflects
information set forth in the related Mortgage File. The Trustee makes no
representations as to (x) the validity, legality, enforceability, sufficiency,
due authorization or genuineness of any of the documents contained in each
Mortgage File or of any of the Mortgage Loans or (y) the collectability,
insurability, effectiveness or suitability of any such Mortgage Loan.
This Final Certification is not divisible or negotiable.
The Trustee will accept and act on instructions with respect to the
Mortgage Loans subject hereto upon surrender of this Final Certification at its
office at 0000 Xxxxxx Xxxxxx, 00xx Xxxxx, Xxxxxxx, Xxxxx 00000, Attention:
Manager- ABFC 2004-FF1.
F-2-1
Capitalized terms used herein shall have the meaning ascribed to them
in the Agreement.
JPMORGAN XXXXX BANK,
as Trustee
By:
----------------------------
Name:
--------------------------
Title:
-------------------------
F-2-2
SCHEDULE A - TO FINAL CERTIFICATION
EXCEPTIONS
F-2-3
SCHEDULE B - TO FINAL CERTIFICATION
MORTGAGE LOAN INFORMATION
1. Loan Identification Number
2. Mortgagor's Name
3. State and Zip Code of Mortgaged Property
4. Initial Mortgage Interest Rate
5. Original Principal Balance
6. Scheduled Maturity Date
7. Initial Monthly Payment
8. Initial Payment Date
9. Gross Margin (for Adjustable Rate Mortgage Loans)
10. Initial Adjustment Date (for Adjustable Rate Mortgage Loans)
11. Maximum Mortgage Interest Rate (for Adjustable Rate Mortgage Loans)
12. Minimum Mortgage Interest Rate (for Adjustable Rate Mortgage Loans)
13. Periodic Interest Rate (for Adjustable Rate Mortgage Loans)
14. Prepayment Charge Term (if applicable)
15. Prepayment Charge Amount (if applicable)
F-2-4
EXHIBIT F-3
FORM OF RECEIPT OF MORTGAGE NOTE
Asset Backed Funding Corporation
000 Xxxxx Xxxxx Xxxxxx
00xx Xxxxx
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000
Re: ABFC Asset-Backed Certificates, Series 2004-FF1
Ladies and Gentlemen:
Pursuant to Section 2.01 of the Pooling and Servicing Agreement, dated
as of July 1, 2004, among Asset Backed Funding Corporation, as depositor,
Countrywide Home Loans Servicing LP, as Servicer, and JPMorgan Xxxxx Bank, as
trustee, we hereby acknowledge the receipt of the original Mortgage Note, or,
with respect to any lost Mortgage Note, an original Lost Note Affidavit,
together with a copy of the related Mortgage Note (a copy of which is attached
hereto as Exhibit 1) with any exceptions thereto listed on Exhibit 2.
JPMORGAN XXXXX BANK,
as Trustee
By:
---------------------------------
Name:
Title:
F-3-1
EXHIBIT G
MORTGAGE LOAN PURCHASE AGREEMENT
[On File with Trustee]
G-1
EXHIBIT H
FORM OF LOST NOTE AFFIDAVIT
Personally appeared before me the undersigned authority to administer
oaths, ______________________ who first being duly sworn deposes and says:
Deponent is ______________________ of ______________________________, successor
by merger to _________________________________________ ("Seller") and who has
personal knowledge of the facts set out in this affidavit.
On ___________________, _________________________ did execute and
deliver a promissory note in the principal amount of $__________.
That said note has been misplaced or lost through causes unknown and is
presently lost and unavailable after diligent search has been made. Seller's
records show that an amount of principal and interest on said note is still
presently outstanding, due, and unpaid, and Seller is still owner and holder in
due course of said lost note.
Seller executes this Affidavit for the purpose of inducing JPMorgan
Xxxxx Bank, as trustee on behalf of ABFC Asset-Backed Certificates, Series
2004-FF1, to accept the transfer of the above described loan from Seller.
Seller agrees to indemnify and hold harmless JPMorgan Xxxxx Bank and
Asset Backed Funding Corporation for any losses incurred by such parties
resulting from the above described promissory note has been lost or misplaced.
By:________________________________
___________________________________
STATE OF )
) SS:
COUNTY OF )
On this ____ day of _______ 20__, before me, a Notary Public, in and
for said County and State, appeared ________________________, who acknowledged
the extension of the foregoing and who, having been duly sworn, states that any
representations therein contained are true.
Witness my hand and Notarial Seal this ____ day of _______ 20__.
_______________________________
_______________________________
My commission expires__________.
H-1
EXHIBIT I
FORM OF ERISA REPRESENTATION
JPMorgan Xxxxx Bank
4 New York Plaza, 6th Floor
New York, New York 10004-2477
Attn: Global Debt Services - ABFC, Series 2004-FF1
Asset Backed Funding Corporation
000 Xxxxx Xxxxx Xxxxxx
00xx Xxxxx
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000
Re: ABFC Asset-Backed Certificates, Series 2004-FF1
Ladies and Gentlemen:
1. [The undersigned is the ______________________ of ________________
(the "Transferee") a [corporation duly organized] and existing under the laws of
__________, on behalf of which he makes this affidavit.] [The undersigned,
___________________, is the transferee (the "Transferee").]
2. The Transferee hereby acknowledges that under the terms of the
Pooling and Servicing Agreement (the "Agreement") dated as of July 1, 2004,
among Asset Backed Funding Corporation, as depositor (the "Depositor"),
Countrywide Home Loans Servicing LP as Servicer, and JPMorgan Xxxxx Bank, as
trustee (the "Trustee"), no transfer of the ERISA-Restricted Certificates shall
be permitted to be made to any person unless the Depositor and the Certificate
Registrar (as defined in the Agreement) have received a certificate from such
transferee in the form hereof.
3. The Transferee either (x) (i) is not an employee benefit plan
subject to Section 406 or Section 407 of the Employee Retirement Income Security
Act of 1974, as amended ("ERISA"), or Section 4975 of the Internal Revenue Code
of 1986, as amended (the "Code") or any materially similar provisions of
applicable federal, state or local law ("Similar Law"), the Trustee of any such
plan or a person acting on behalf of any such plan nor a person using the assets
of any such plan or (ii) (except in the case of the Class R, Class CE and Class
P Certificates) is an insurance company which is purchasing such Certificates
with funds contained in an "insurance company general account" (as such term is
defined in Section V(e) of Prohibited Transaction Class Exemption 95-60 ("PTCE
95-60") and that the purchase and holding of such Certificates are covered under
Sections I and III of PTCE 95-60 or (y) (except in the case of the Class R
Certificate) shall deliver to the Certificate Registrar and the Depositor an
opinion of counsel (a "Benefit Plan Opinion") satisfactory to the Certificate
Registrar, and upon which the Certificate Registrar and the Depositor shall be
entitled to rely, to the effect that the purchase or holding of such Certificate
by the Transferee will not constitute or result in a non-exempt prohibited
transaction within the meaning of ERISA or Section 4975 of the Code (or similar
provisions of Similar Law) and will not subject the Trustee or the Depositor to
any obligation in addition to those undertaken by such entities in the Pooling
and Servicing Agreement, which opinion of counsel shall not be an expense of the
Trustee or the Depositor.
I-1
Capitalized terms used but not defined herein shall have the meanings
ascribed to such terms in the Agreement.
IN WITNESS WHEREOF, the Transferee has executed this certificate.
-------------------------------
[Transferee]
By:
------------------------------
Name:
Title:
I-2
EXHIBIT J
FORM OF INVESTMENT LETTER [NON-RULE 144A]
[DATE]
Asset Backed Funding Corporation
000 Xxxxx Xxxxx Xxxxxx
00xx Xxxxx
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000
JPMorgan Xxxxx Bank
0 Xxx Xxxx Xxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 10004-2477
Attn: Global Debt Services - ABFC, Series 2004-FF1
Ladies and Gentlemen:
In connection with our acquisition of the ABFC Asset-Backed
Certificates, Series 2004-FF1 (the "Certificates"), we certify that (a) we
understand that the Certificates are not being registered under the Securities
Act of 1933, as amended (the "Act"), or any state securities laws and are being
transferred to us in a transaction that is exempt from the registration
requirements of the Act and any such laws, (b) we are an "accredited investor,"
as defined in Regulation D under the Act, and have such knowledge and experience
in financial and business matters that we are capable of evaluating the merits
and risks of investments in the Certificates, (c) we have had the opportunity to
ask questions of and receive answers from the Depositor concerning the purchase
of the Certificates and all matters relating thereto or any additional
information deemed necessary to our decision to purchase the Certificates, (d)
we are acquiring the Certificates for investment for our own account and not
with a view to any distribution of such Certificates (but without prejudice to
our right at all times to sell or otherwise dispose of the Certificates in
accordance with clause (g) below), (e) we agree that the Certificates must be
held indefinitely by us and we acknowledge that we are able to bear the economic
risk of investment in the Certificates, (f) we have not offered or sold any
Certificates to, or solicited offers to buy any Certificates from, any person,
or otherwise approached or negotiated with any person with respect thereto, or
taken any other action which would result in a violation of Section 5 of the
Act, (g) we will not sell, transfer or otherwise dispose of any Certificates
unless (1) such sale, transfer or other disposition is made pursuant to an
effective registration statement under the Act or is exempt from such
registration requirements, and if requested, we will at our expense provide an
opinion of counsel satisfactory to the addressees of this Certificate that such
sale, transfer or other disposition may be made pursuant to an exemption from
the Act, (2) the purchaser or transferee of such Certificate has executed and
delivered to you a certificate to substantially the same effect as this
certificate, and (3) the purchaser or transferee has otherwise complied with any
conditions for transfer set forth in the Pooling and Servicing Agreement and (h)
we acknowledge that the Certificates will bear a legend setting forth the
applicable restrictions on transfer.
J-1
Very truly yours,
[NAME OF TRANSFEREE]
By:
-----------------------------
Authorized Officer
J-2
FORM OF RULE 144A INVESTMENT LETTER
[DATE]
Asset Backed Funding Corporation
000 Xxxxx Xxxxx Xxxxxx
00xx Xxxxx
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000
JPMorgan Xxxxx Bank
0 Xxx Xxxx Xxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 10004-2477
Attn: Global Debt Services - ABFC, Series 2004-FF1
Re: ABFC Asset-Backed Certificates, Series 2004-FF1
Ladies and Gentlemen:
In connection with our acquisition of the ABFC Asset-Backed
Certificates, Series 2004-FF1 (the "Certificates"), we certify that (a) we
understand that the Certificates are not being registered under the Securities
Act of 1933, as amended (the "Act"), or any state securities laws and are being
transferred to us in a transaction that is exempt from the registration
requirements of the Act and any such laws, (b) we have had the opportunity to
ask questions of and receive answers from the Depositor concerning the purchase
of the Certificates and all matters relating thereto or any additional
information deemed necessary to our decision to purchase the Certificates, (c)
we have not, nor has anyone acting on our behalf offered, transferred, pledged,
sold or otherwise disposed of the Certificates, any interest in the Certificates
or any other similar security to, or solicited any offer to buy or accept a
transfer, pledge or other disposition of the Certificates, any interest in the
Certificates or any other similar security from, or otherwise approached or
negotiated with respect to the Certificates, any interest in the Certificates or
any other similar security with, any person in any manner, or made any general
solicitation by means of general advertising or in any other manner, or taken
any other action, that would constitute a distribution of the Certificates under
the Securities Act or that would render the disposition of the Certificates a
violation of Section 5 of the Securities Act or require registration pursuant
thereto, nor will act, nor has authorized or will authorize any person to act,
in such manner with respect to the Certificates, (d) we are a "qualified
institutional buyer" as that term is defined in Rule 144A under the Securities
Act and have completed either of the forms of certification to that effect
attached hereto as Annex 1 or Annex 2. We are aware that the sale to us is being
made in reliance on Rule 144A. We are acquiring the Certificates for our own
account or for resale pursuant to Rule 144A and further, understand that such
Certificates may be resold, pledged or transferred only (i) to a person
reasonably believed to be a qualified institutional buyer that purchases for its
own account or for the account of a qualified institutional buyer to whom notice
is given that the resale, pledge or transfer is being made in reliance on Rule
144A, and who executes a certification in the form of this letter and a
certification in the form of either Annex 1 or Annex 2 attached hereto, or (ii)
pursuant to another exemption from registration under the Securities Act.
J-3
Very truly yours,
[NAME OF TRANSFEREE]
By:
-----------------------------------
Authorized Officer
J-4
ANNEX 1 TO EXHIBIT J
QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[For Transferees Other Than Registered Investment Companies]
The undersigned (the "Buyer") hereby certifies as follows to the
parties listed in the Rule 144A Transferee Certificate to which this
certification relates with respect to the Certificates described therein:
i. As indicated below, the undersigned is the President, Chief
Financial Officer, Senior Vice President or other executive officer of the
Buyer.
ii. In connection with purchases by the Buyer, the Buyer is a
"qualified institutional buyer" as that term is defined in Rule 144A under the
Securities Act of 1933, as amended ("Rule 144A") because (i) the Buyer owned
and/or invested on a discretionary basis $ 1 in securities (except for the
excluded securities referred to below) as of the end of the Buyer's most recent
fiscal year (such amount being calculated in accordance with Rule 144A and (ii)
the Buyer satisfies the criteria in the category marked below.
___ Corporation, etc. The Buyer is a corporation (other than a bank,
savings and loan association or similar institution), Massachusetts or
similar business trust, partnership, or charitable organization
described in Section 501(c)(3) of the Internal Revenue Code of 1986, as
amended.
___ Bank. The Buyer (a) is a national bank or banking institution
organized under the laws of any State, territory or the District of
Columbia, the business of which is substantially confined to banking
and is supervised by the State or territorial banking commission or
similar official or is a foreign bank or equivalent institution, and
(b) has an audited net worth of at least $25,000,000 as demonstrated in
its latest annual financial statements, a copy of which is attached
hereto.
___ Savings and Loan. The Buyer (a) is a savings and loan association,
building and loan association, cooperative bank, homestead association
or similar institution, which is supervised and examined by a State or
Federal authority having supervision over any such institutions or is a
foreign savings and loan association or equivalent institution and (b)
has an audited net worth of at least $25,000,000 as demonstrated in its
latest annual financial statements, a copy of which is attached hereto.
___ Broker-dealer. The Buyer is a dealer registered pursuant to Section
15 of the Securities Exchange Act of 1934.
_______________
(1)
Buyer must own and/or invest on a discretionary basis at least
$__________ in securities unless Buyer is a dealer, and, in that case, Buyer
must own and/or invest on a discretionary basis at least $__________ in
securities.
J-5
___ Insurance Company. The Buyer is an insurance company whose primary
and predominant business activity is the writing of insurance or the
reinsuring of risks underwritten by insurance companies and which is
subject to supervision by the insurance commissioner or a similar
official or agency of a State, territory or the District of Columbia.
___ State or Local Plan. The Buyer is a plan established and maintained
by a State, its political subdivisions, or any agency or
instrumentality of the State or its political subdivisions, for the
benefit of its employees.
___ ERISA Plan. The Buyer is an employee benefit plan within the
meaning of Title I of the Employee Retirement Income Security Act of
1974.
___ Investment Advisor. The Buyer is an investment advisor registered
under the Investment Advisors Act of 1940.
___ Small Business Investment Company. Buyer is a small business
investment company licensed by the U.S. Small Business Administration
under Section 301(c) or (d) of the Small Business Investment Act of
1958.
___ Business Development Company. Buyer is a business development
company as defined in Section 202(a)(22) of the Investment Advisors Act
of 1940.
iii. The term "securities" as used herein does not include (i)
securities of issuers that are affiliated with the Buyer, (ii) securities that
are part of an unsold allotment to or subscription by the Buyer, if the Buyer is
a dealer, (iii) securities issued or guaranteed by the U.S. or any
instrumentality thereof, (iv) bank deposit notes and certificates of deposit,
(v) loan participations, (vi) repurchase agreements, (vii) securities owned but
subject to a repurchase agreement and (viii) currency, interest rate and
commodity swaps.
iv. For purposes of determining the aggregate amount of securities
owned and/or invested on a discretionary basis by the Buyer, the Buyer used the
cost of such securities to the Buyer and did not include any of the securities
referred to in the preceding paragraph, except (i) where the Buyer reports its
securities holdings in its financial statements on the basis of their market
value, and (ii) no current information with respect to the cost of those
securities has been published. If clause (ii) in the preceding sentence applies,
the securities may be valued at market. Further, in determining such aggregate
amount, the Buyer may have included securities owned by subsidiaries of the
Buyer, but only if such subsidiaries are consolidated with the Buyer in its
financial statements prepared in accordance with generally accepted accounting
principles and if the investments of such subsidiaries are managed under the
Buyer's direction. However, such securities were not included if the Buyer is a
majority-owned, consolidated subsidiary of another enterprise and the Buyer is
not itself a reporting company under the Securities Exchange Act of 1934, as
amended.
J-6
v. The Buyer acknowledges that it is familiar with Rule 144A
and understands that the seller to it and other parties related to the
Certificates are relying and will continue to rely on the statements made herein
because one or more sales to the Buyer may be in reliance on Rule 144A.
vi. Until the date of purchase of the Rule 144A Securities, the Buyer
will notify each of the parties to which this certification is made of any
changes in the information and conclusions herein. Until such notice is given,
the Buyer's purchase of the Certificates will constitute a reaffirmation of this
certification as of the date of such purchase. In addition, if the Buyer is a
bank or savings and loan is provided above, the Buyer agrees that it will
furnish to such parties updated annual financial statements promptly after they
become available.
----------------------------------
Print Name of Buyer
By:
--------------------------------
Name:
Title:
Date:
------------------------------
J-7
ANNEX 2 TO EXHIBIT J
QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[For Transferees That are Registered Investment Companies]
The undersigned (the "Buyer") hereby certifies as follows to the
parties listed in the Rule 144A Transferee Certificate to which this
certification relates with respect to the Certificates described therein:
1. As indicated below, the undersigned is the President, Chief
Financial Officer or Senior Vice President of the Buyer or, if the Buyer is a
"qualified institutional buyer" as that term is defined in Rule 144A under the
Securities Act of 1933, as amended ("Rule 144A") because Buyer is part of a
Family of Investment Companies (as defined below), is such an officer of the
Adviser.
2. In connection with purchases by Buyer, the Buyer is a "qualified
institutional buyer" as defined in SEC Rule 144A because (i) the Buyer is an
investment company registered under the Investment Company Act of 1940, as
amended and (ii) as marked below, the Buyer alone, or the Buyer's Family of
Investment Companies, owned at least $100,000,000 in securities (other than the
excluded securities referred to below) as of the end of the Buyer's most recent
fiscal year. For purposes of determining the amount of securities owned by the
Buyer or the Buyer's Family of Investment Companies, the cost of such securities
was used, except (i) where the Buyer or the Buyer's Family of Investment
Companies reports its securities holdings in its financial statements on the
basis of their market value, and (ii) no current information with respect to the
cost of those securities has been published. If clause (ii) in the preceding
sentence applies, the securities may be valued at market.
___ The Buyer owned $ in securities (other than the excluded securities
referred to below) as of the end of the Buyer's most recent fiscal year
(such amount being calculated in accordance with Rule 144A).
___ The Buyer is part of a Family of Investment Companies which owned
in the aggregate $ in securities (other than the excluded securities
referred to below) as of the end of the Buyer's most recent fiscal year
(such amount being calculated in accordance with Rule 144A).
3. The term "Family of Investment Companies" as used herein means two
or more registered investment companies (or series thereof) that have the same
investment adviser or investment advisers that are affiliated (by virtue of
being majority owned subsidiaries of the same parent or because one investment
adviser is a majority owned subsidiary of the other).
4. The term "securities" as used herein does not include (i) securities
of issuers that are affiliated with the Buyer or are part of the Buyer's Family
of Investment Companies, (ii) securities issued or guaranteed by the U.S. or any
instrumentality thereof, (iii) bank deposit notes and certificates of deposit,
(iv) loan participations, (v) repurchase agreements, (vi) securities owned but
subject to a repurchase agreement and (vii) currency, interest rate and
commodity swaps.
J-8
5. The Buyer is familiar with Rule 144A and understands that the
parties listed in the Rule 144A Transferee Certificate to which this
certification relates are relying and will continue to rely on the statements
made herein because one or more sales to the Buyer will be in reliance on Rule
144A. In addition, the Buyer will only purchase for the Buyer's own account.
6. Until the date of purchase of the Certificates, the undersigned will
notify the parties listed in the Rule 144A Transferee Certificate to which this
certification relates of any changes in the information and conclusions herein.
Until such notice is given, the Buyer's purchase of the Certificates will
constitute a reaffirmation of this certification by the undersigned as of the
date of such purchase.
--------------------------------------
Print Name of Buyer or Adviser
By:
-----------------------------------
Name:
Title:
IF AN ADVISER:
--------------------------------------
Print Name of Buyer
Date:
---------------------------------
J-9
EXHIBIT K
FORM OF CLASS R CERTIFICATE TRANSFER AFFIDAVIT
ABFC ASSET-BACKED CERTIFICATES, SERIES 2004-FF1
STATE OF )
) ss.:
COUNTY OF )
The undersigned, being first duly sworn, deposes and says as follows:
1. The undersigned is [an officer of] , the proposed Transferee of an
Ownership Interest in the Class R Certificates (the "Certificate") issued
pursuant to the Pooling and Servicing Agreement, (the "Agreement"), relating to
the above-referenced Certificates, among Asset Backed Funding Corporation, as
depositor, Countrywide Home Loans Servicing LP, as Servicer, and JPMorgan Xxxxx
Bank, as trustee (the "Trustee"). Capitalized terms used, but not defined herein
shall have the meanings ascribed to such terms in the Agreement. The Transferee
has authorized the undersigned to make this affidavit on behalf of the
Transferee.
2. The Transferee is, as of the date hereof, and will be, as of the
date of the Transfer, a Permitted Transferee. The Transferee is acquiring its
Ownership Interest in the Certificates either (i) for its own account or (ii) as
nominee, trustee or agent for another Person and has attached hereto an
affidavit from such Person in substantially the same form as this affidavit. The
Transferee has no knowledge that any such affidavit is false.
3. The Transferee has been advised of, and understands that (i) a tax
will be imposed on Transfers of the Certificate to Persons that are a
Disqualified Organization; (ii) such tax will be imposed on the transferor, or,
if such Transfer is through an agent (which includes a broker, nominee or
middleman) for a Person that is a Disqualified Organization, on the agent; and
(iii) the Person otherwise liable for the tax shall be relieved of liability for
the tax if the subsequent Transferee furnished to such Person an affidavit that
such subsequent Transferee is not a Disqualified Organization and, at the time
of Transfer, such Person does not have actual knowledge that the affidavit is
false.
4. The Transferee has been advised of, and understands that a tax will
be imposed on a "pass-through entity" holding the Certificate if at any time
during the taxable year of the pass-through entity a Person that is a
Disqualified Organization is the record holder of an interest in such entity.
The Transferee understands that such tax will not be imposed for any period with
respect to which the record holder furnishes to the pass-through entity an
affidavit that such record holder is not a Disqualified Organization and the
pass-through entity does not have actual knowledge that such affidavit is false.
(For this purpose, a "pass-through entity" includes a regulated investment
company, a real estate investment trust or common trust fund, a partnership,
trust or estate, and certain cooperatives and, except as may be provided in
Treasury Regulations, persons holding interests in pass-through entities as a
nominee for another Person.)
K-1
5. The Transferee has reviewed the provisions of Section 5.02(d) of the
Agreement and understands the legal consequences of the acquisition of an
Ownership Interest in the Certificate including, without limitation, the
restrictions on subsequent Transfers and the provisions regarding voiding the
Transfer and mandatory sales. The Transferee expressly agrees to be bound by and
to abide by the provisions of Section 5.02(d) of the Agreement and the
restrictions noted on the face of the Certificate. The Transferee understands
and agrees that any breach of any of the representations included herein shall
render the Transfer to the Transferee contemplated hereby null and void.
6. The Transferee agrees to require a Transfer Affidavit from any
Person to whom the Transferee attempts to Transfer its Ownership Interest in the
Certificate, and in connection with any Transfer by a Person for whom the
Transferee is acting as nominee, trustee or agent, and the Transferee will not
Transfer its Ownership Interest or cause any Ownership Interest to be
Transferred to any Person that the Transferee knows is not a Permitted
Transferee. In connection with any such Transfer by the Transferee, the
Transferee agrees to deliver to the Trustee a certificate substantially in the
form set forth in this Exhibit L to the Agreement (a "Transferor Certificate")
to the effect that such Transferee has no actual knowledge that the Person to
which the Transfer is to be made is not a Permitted Transferee.
7. The Transferee does not have the intention to impede the assessment
or collection of any tax legally required to be paid with respect to the
Certificate.
8. The taxpayer identification number of the Transferee's nominee is .
9. The Transferee is a U.S. Person as defined in Code Section
7701(a)(30).
10. The Transferee is aware that the Certificate may be a "noneconomic
residual interest" within the meaning of Treasury regulations promulgated
pursuant to the Code and that the transferor of a noneconomic residual interest
will remain liable for any taxes due with respect to the income on such residual
interest, unless no significant purpose of the transfer was to impede the
assessment or collection of tax.
11. The Transferee has filed all required federal and state income tax
returns and has paid all federal and state income tax due and intends to file
and pay all such returns and taxes in the future.
12. The Transferee historically has paid its debts as they come due and
fully intends to be financially able to pay its debts, including any and all tax
liabilities, as they become due.
13. The Transferee understands that, as the holder of an Ownership
Interest in a Certificate, it may incur tax liabilities in excess of any cash
flows generated by such Ownership Interest and intends to pay all taxes
associated with holding such Ownership Interest as such taxes become due.
K-2
14. That the Transferee will not cause income from the Class R
Certificate to be attributable to a foreign permanent establishment or fixed
base, within the meaning of an applicable income tax treaty, of the Transferee
or any other person.
15. That, if the Transferee is purchasing the Class R Certificate in a
transfer intended to meet the safe harbor provisions of Treasury Regulations
Sections 1.860E-1(c), the Transferee has executed and attached Attachment A
hereto.
16. The Transferee is not an employee benefit plan that is subject to
ERISA or a plan that is subject to Section 4975 of the Code or a plan or
arrangement subject to any materially similar provisions of applicable federal,
state or local law, nor are we acting on behalf of such a plan.
K-3
IN WITNESS WHEREOF, the Transferee has caused this instrument to be
executed on its behalf, pursuant to authority of its Board of Directors, by its
duly authorized officer, duly attested, this day of , 20 .
[NAME OF TRANSFEREE]
By:
---------------------------------
Name:
Title:
[Corporate Seal]
ATTEST:
[Assistant] Secretary
Personally appeared before me the above-named , known or proved to me
to be the same person who executed the foregoing instrument and to be the of the
Transferee, and acknowledged that he executed the same as his free act and deed
and the free act and deed of the Transferee.
Subscribed and sworn before me this ______ day of _____, 20__.
---------------------------------
NOTARY PUBLIC
My Commission expires the____ day
of __________ , 20____.
K-4
ATTACHMENT A
to
AFFIDAVIT PURSUANT TO SECTION 860E(e)(4) OF
THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
Check the appropriate box:
| | The consideration paid to the Transferee to acquire the Class R Certificate
equals or exceeds the excess of (a) the present value of the anticipated tax
liabilities over (b) the present value of the anticipated savings associated
with holding such Certificate, in each case calculated in accordance with U.S.
Treasury Regulations Sections 1.860E-1(c)(7) and (8), computing present values
using a discount rate equal to the short-term Federal rate prescribed by Section
1274(d) of the Code and the compounding period used by the Transferee.
OR
| | The transfer of the Class R Certificate complies with U.S. Treasury
Regulations Sections 1.860E-1(c)(5) and (6) and, accordingly:
(i) the Transferee is an "eligible corporation," as defined in
U.S. Treasury Regulations Section 1.860E-1(c)(6)(i), as to which income
from Class R Certificate will only be taxed in the United States;
(ii) at the time of the transfer, and at the close of the
Transferee's two fiscal years preceding the year of the transfer, the
Transferee had gross assets for financial reporting purposes (excluding
any obligation of a person related to the Transferee within the meaning
of U.S. Treasury Regulations Section 1.860E-1(c)(6)(ii)) in excess of
$100 million and net assets in excess of $10 million;
(iii) the Transferee will transfer the Class R Certificate
only to another "eligible corporation," as defined in U.S. Treasury
Regulations Section 1.860E-1(c)(6)(i), in a transaction that satisfies
the requirements of Sections 1.860E-1(c)(4)(i), (ii) and (iii) and
Section 1.860E-1(c)(5) of the U.S. Treasury Regulations;
(iv) the Transferee has determined the consideration paid to
it to acquire the Class R Certificate based on reasonable market
assumptions (including, but not limited to, borrowing and investment
rates, prepayment and loss assumptions, expense and reinvestment
assumptions, tax rates and other factors specific to the Transferee)
that it has determined in good faith; and
(v) in the event of any transfer of the Class R Certificate by
the Transferee, the Transferee will require its transferee to complete
a representation in the form of this Attachment A as a condition of the
transferee's purchase of the Class R Certificate.
K-5
EXHIBIT L
FORM OF TRANSFEROR CERTIFICATE
[DATE]
XXXxxxxx Xxxxx Xxxx
0 Xxx Xxxx Xxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 10004-2477
Attn: Global Debt Services - ABFC, Series 2004-FF1
Asset Backed Funding Corporation
000 Xxxxx Xxxxx Xxxxxx
00xx Xxxxx
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000
Re: ABFC Asset-Backed Certificates, Series 2004-FF1
Ladies and Gentlemen:
In connection with our disposition of the ABFC Asset-Backed
Certificates, Series 2004-FF1 (the "Certificates"), we certify that (a) we
understand that the Certificates have not been registered under the Securities
Act of 1933, as amended (the "Act"), and are being disposed by us in a
transaction that is exempt from the registration requirements of the Act, (b) we
have not offered or sold any Certificates to, or solicited offers to buy any
Certificates from, any person, or otherwise approached or negotiated with any
person with respect thereto, in a manner that would be deemed, or taken any
other action which would result in, a violation of Section 5 of the Act, (c) to
the extent we are disposing of the Class R Certificate, we have no knowledge the
Transferee is not a Permitted Transferee and (d) no purpose of the proposed
disposition of the Class R Certificate is to impede the assessment or collection
of tax.
Very truly yours,
[-------------------]
By:
----------------------
L-1
EXHIBIT M
MONTHLY INFORMATION DELIVERED BY SERVICER
1. With respect to the Mortgage Pool, the Group 1 Mortgage Loans and the
Group 2 Mortgage Loans, the number and Principal Balances of all
Mortgage Loans which were the subject of Principal Prepayments during
the related Prepayment Period.
2. With respect to the Mortgage Pool, the Group 1 Mortgage Loans and the
Group 2 Mortgage Loans, the amount of all curtailments which were
received during the related Prepayment Period.
3. With respect to the Mortgage Pool, the Group 1 Mortgage Loans and the
Group 2 Mortgage Loans, the aggregate amount of the principal portion
of all Monthly Payments received during the related Collection Period.
4. With respect to the Mortgage Pool, the Group 1 Mortgage Loans and the
Group 2 Mortgage Loans, the amount of interest received on the Mortgage
Loans during the related Collection Period.
5. With respect to the Mortgage Pool, the Group 1 Mortgage Loans and the
Group 2 Mortgage Loans, the aggregate amount of the Advances made and
recovered with respect to such Distribution Date.
6. With respect to the Mortgage Pool, the Group 1 Mortgage Loans and the
Group 2 Mortgage Loans, the aggregate amount of the Servicing Advances
made and recovered with respect to such Distribution Date.
7. With respect to the Mortgage Pool, the Group 1 Mortgage Loans and the
Group 2 Mortgage Loans, the delinquency and foreclosure information and
the amount of Mortgage Loan Losses during the related Collection
Period.
8. The information contained in the Liquidation Report for the related
Collection Period. 9. With respect to the Mortgage Pool, the Group 1
Mortgage Loans and the Group 2 Mortgage Loans, the
weighted average maturity, the weighted average Mortgage Interest Rate
and the weighted average Net Mortgage Interest Rate as of the last day
of the Collection Period preceding of the related Interest Accrual
Period.
10. The Servicing Fees paid and Servicing Fees accrued during the related
Collection Period.
11. The Trustee Fees paid and Trustee Fees accrued during the related
Collection Period.
12. The Credit Risk Manager Fees paid and Credit Risk Manager Fees accrued
during the related Collection Period.
M-1
13. The amount of all payments or reimbursements to the Servicer paid or to
be paid since the prior Distribution Date (or in the case of the first
Distribution Date, since the Closing Date).
14. The Pool Balance, the aggregate Principal Balance of the Group 1
Mortgage Loan and the aggregate Principal Balance of the Group 2
Mortgage Loans.
15. With respect to the Mortgage Pool, the Group 1 Mortgage Loans and the
Group 2 Mortgage Loans, the number of Mortgage Loans outstanding at the
beginning and at the end of the related Collection Period.
16. The aggregate interest accrued on the Mortgage Loans, the Group 1
Mortgage Loans and the Group 2 Mortgage Loans, at their respective
Mortgage Interest Rates for the related Collection Period.
17. The amount deposited in the Collection Account which may not be
withdrawn therefrom pursuant to an Order of a United States Bankruptcy
Court of competent jurisdiction imposing a stay pursuant to Section 362
of U.S. Bankruptcy Code.
18. The aggregate Realized Losses in the Mortgage Pool, in the Group 1
Mortgage Loans and in the Group 2 Mortgage Loans since the Cut-off Date
as of the end of the related Collection Period.
19. The amount of Prepayment Charges received, the amount of Originator
Prepayment Charge Payment Amounts paid, the amount of Servicer
Prepayment Charge Payment Amounts paid, and the reason for any
Prepayment Charges waived without a corresponding Servicer Prepayment
Charge Payment Amount, all for the related Collection Period.
20. The amount of Yield Maintenance Agreement Payments received on each
Yield Maintenance Agreement with respect to such Distribution Date.
M-2
EXHIBIT N
FORM OF YIELD MAINTENANCE AGREEMENTS
[On File with Trustee]
N-1
EXHIBIT O
FORM OF CERTIFICATION
ABFC 2004-FF1 TRUST,
ASSET-BACKED CERTIFICATES, SERIES 2004-FF1
I, [identify the certifying individual] certify that:
1. I have reviewed the annual report on Form 10-K, and all Monthly Form
8-K's containing Distribution Date Statements filed in respect of
periods included in the year covered by this annual report, of the ABFC
2004-FF1 Trust;
2. Based on my knowledge, the information in these reports, taken as a
whole, does not contain any untrue statement of a material fact or omit
to state a material fact necessary to make the statements made, in
light of the circumstances under which such statements were made, not
misleading as of the last day of the period covered by this annual
report;
3. Based on my knowledge, the distribution or servicing information
required to be provided to the Trustee by the Servicer under the
Pooling and Servicing Agreement, dated as of July 1, 2004 (the
"Agreement"), among Asset Backed Funding Corporation, as depositor,
Countrywide Home Loans Servicing LP, as Servicer (the "Servicer"), and
JPMorgan Xxxxx Bank, as trustee (the "Trustee") for inclusion in these
reports is included in these reports;
4. Based on my knowledge and upon the annual compliance statement included
in the annual report on Form 10-K and required to be delivered to the
Trustee in accordance with the terms of the Agreement, and except as
disclosed in the reports, the Servicer has fulfilled its obligations
under the Agreement;
5. The reports disclose all significant deficiencies relating to the
Servicer's compliance with the minimum servicing standards based upon
the report provided by an independent public accountant, after
conducting a review in compliance with the Uniform Single Attestation
Program for Mortgage Bankers or similar procedure, as set forth in the
Agreement, that is included in these reports; and
6. In giving the certifications above, I have reasonably relied on
information provided to me by the following unaffiliated parties:
Countrywide Home Loans Servicing LP and JPMorgan Xxxxx Bank.
By:
-----------------------------------
Name:
Title:
EXHIBIT P-1
FORM OF CERTIFICATION TO BE PROVIDED BY THE TRUSTEE TO THE DEPOSITOR
ABFC 2004-FF1 TRUST,
ASSET-BACKED CERTIFICATES, SERIES 2004-FF1
The Trustee hereby certifies to Asset Backed Funding Corporation and
its officers, directors and affiliates, and with the knowledge and intent that
they will rely upon this certification, that:
1. The trustee has reviewed the annual report on Form 10-K for the fiscal
year [___], and all reports on Form 8-K containing distribution reports
filed in respect of periods included in the year covered by that annual
report, relating to the above-referenced Trust;
2. Subject to paragraph (4), the distribution information in the
distribution reports contained in all monthly Form 8-K's included in
the year covered by the annual report on Form 10-K for the calendar
year [____], taken as a whole, does not contain any untrue statement of
a material fact or omit to state a material fact required by the
Pooling and Servicing Agreement to be included therein and necessary to
make the statements made, in light of the circumstances under which
statements were made, not misleading as of the last day of the period
covered by that annual report;
3. The distribution information required to be provided by the Trustee
under the Pooling and Servicing Agreement is included in these reports;
and
4. In compiling the distribution information and making the foregoing
certifications, I have relied upon information furnished to me by the
Servicer under the Pooling and Servicing Agreement. The Trustee shall
have no responsibility or liability for any inaccuracy in such reports
resulting from information so provided by the Servicer.
JPMORGAN XXXXX BANK, as Trustee
By:
-----------------------------
Name:
Title:
P-1-1
EXHIBIT P-2
FORM OF CERTIFICATION TO BE PROVIDED BY THE SERVICER TO THE DEPOSITOR
ABFC 2004-FF1 TRUST,
ASSET-BACKED CERTIFICATES, SERIES 2004-FF1
I, [identify the certifying individual], certify to Asset Backed
Funding Corporation and its officers, directors and affiliates, and with the
knowledge and intent that they will rely upon this certification, that: 1. I
have reviewed the annual report on Form 10-K for the calendar year [___], and
all Monthly Form 8-K's
containing Distribution Date Statements filed in respect of periods
included in the year covered by that annual report, of the ABFC
2004-FF1 Trust;
2. Based on my knowledge, the servicing information in the Distribution
Date Statements contained in all Monthly Form 8-K's included in the
year covered by the annual report on Form 10-K for the calendar year
[___], taken as a whole, does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such
statements were made, not misleading as of the last day of the period
covered by that annual report;
3. Based on my knowledge, the servicing information required to be
provided to the Trustee by the Servicer under the Pooling and Servicing
Agreement, dated as of July 1, 2004 (the "Agreement"), among Asset
Backed Funding Corporation, as depositor, Countrywide Home Loans
Servicing LP, as Servicer (the "Servicer"), and JPMorgan Xxxxx Bank, as
trustee (the "Trustee"), for inclusion in these reports is included in
these reports;
4. I am responsible for reviewing the activities performed by the Servicer
under the Agreement and based upon my knowledge and the annual
compliance review required under the Agreement, and except as disclosed
in the reports, the Servicer has fulfilled its obligations under the
Agreement; and
5. The reports disclose all significant deficiencies relating to the
Servicer's compliance with the minimum servicing standards based upon
the report provided by an independent public accountant, after
conducting a review in compliance with the Uniform Single Attestation
Program for Mortgage Bankers or similar procedure, as set forth in the
Agreement, that is included in these reports.
COUNTRYWIDE HOME LOANS SERVICING LP
By:
--------------------------------
Name:
Title:
P-2-2
