Contract
EXHIBIT 99.2
The mortgage loans delivered to the Trust Fund on the Closing Date (the “Initial Mortgage Loans”) and the mortgage loans delivered to the Trust Fund on the Subsequent Transfer Date (the “Subsequent Mortgage Loans”, and together with the Initial Mortgage Loans, the “Mortgage Loans”) consist of conventional, one-to four- family, adjustable-rate and fixed-rate mortgage loans. The Depositor purchased the Initial Mortgage Loans from the Seller pursuant to the Mortgage Loan Purchase Agreement, dated as of May 27, 2005, between the Seller and the Depositor, and the Depositor purchased the Subsequent Mortgage Loans from the Seller pursuant to the Subsequent Mortgage Loan Purchase Agreement, dated as of July 8, 2005. Pursuant to the Pooling and Servicing Agreement, dated as of the Cut-off Date, May 1, 2005, (the “Pooling and Servicing Agreement”), among the Depositor, the Master Servicer and the Trustee, the Depositor will cause the Mortgage Loans to be assigned to the Trustee for the benefit of the certificateholders.
The Mortgage Loans included in loan group I, loan group II and loan group III are expected to have an aggregate principal balance as of the Subsequent Cut-off Date of approximately $312,294,087.92, $985,887,252.96 and $1,301,817,365.03, respectively. The Group I Mortgage Loans will consist of adjustable-rate and fixed-rate mortgage loans with principal balances at origination that conform to Xxxxxx Xxx loan limits. The Group II Mortgage Loans will consist of adjustable-rate and fixed-rate mortgage loans with principal balances at origination that conform to Freddie Mac loan limits. The Group III Mortgage Loans will consist of adjustable-rate and fixed-rate mortgage loans with principal balances at origination that may or may not conform to Freddie Mac or Xxxxxx Xxx loan limits.
The Mortgage Loans will be secured by mortgages or deeds of trust or other similar security instruments creating first and second liens on residential properties (the “Mortgaged Properties”) consisting of attached, detached or semi-detached, one- to four-family dwelling units, individual condominium units or individual units in planned unit developments and manufactured housing. The Mortgage Loans will have original terms to maturity of not greater than 30 years from the date on which the first payment was due on each Mortgage Loan.
Each adjustable-rate Mortgage Loan will accrue interest at the adjustable-rate calculated as specified under the terms of the related mortgage note and each fixed-rate Mortgage Loan will have a Mortgage Rate that is fixed for the life of such Mortgage (each such rate, a “Mortgage Rate”).
Each adjustable-rate Mortgage Loan will accrue interest at a Mortgage Rate that is adjustable. The adjustable-rate Mortgage Loans will provide for semi-annual adjustment to the Mortgage Rate thereon and for corresponding adjustments to the monthly payment amount due thereon, in each case on each adjustment date applicable thereto (each such date, an “Adjustment Date”); provided, that the first adjustment for approximately 73.05% of the adjustable-rate Group I Mortgage Loans, approximately 73.46% of the adjustable-rate Group II Mortgage Loans and approximately 76.24% of the adjustable-rate Group III Mortgage Loans, in each case by aggregate scheduled principal balance of the adjustable-rate Mortgage Loans in the related loan group as of the Subsequent Cut-off Date, will occur after an initial period of two years after origination, and the first adjustment for approximately 26.95% of the adjustable-rate Group I Mortgage Loans, approximately 26.54% of the adjustable-rate Group II Mortgage Loans and approximately 23.76% of the adjustable-rate Group III Mortgage Loans, in each case by aggregate scheduled principal balance of the adjustable-rate Mortgage Loans in the related loan group as of the Subsequent Cut-off Date, will occur after an initial period of three years after origination. On each Adjustment Date for each adjustable-rate Mortgage Loan, the Mortgage Rate thereon will be adjusted (subject to rounding) to equal the sum of the applicable Index (as defined below) and a fixed percentage amount (the “Gross Margin”). The Mortgage Rate on each adjustable-rate Mortgage Loan will not decrease on the first related
Adjustment Date, will not increase by more than 2.000% per annum on the first related Adjustment Date (the “Initial Periodic Rate Cap”) and will not increase or decrease by more than 1.000% per annum on any Adjustment Date thereafter (the “Periodic Rate Cap”). Each Mortgage Rate on each adjustable-rate Mortgage Loan will not exceed a specified maximum Mortgage Rate over the life of such Mortgage Loan (the “Maximum Mortgage Rate”) or be less than a specified minimum Mortgage Rate over the life of such Mortgage Loan (the “Minimum Mortgage Rate”). Effective with the first monthly payment due on each adjustable-rate Mortgage Loan after each related Adjustment Date, the monthly payment amount will be adjusted to an amount that will amortize fully the outstanding principal balance of the related Mortgage Loan over its remaining term, and pay interest at the Mortgage Rate as so adjusted. Due to the application of the Periodic Rate Caps and the Maximum Mortgage Rates, the Mortgage Rate on each such adjustable-rate Mortgage Loan, as adjusted on any related Adjustment Date, may be less than the sum of the Index and the related Gross Margin, rounded as described herein. None of the adjustable-rate Mortgage Loans permits the related mortgagor to convert the adjustable Mortgage Rate thereon to a fixed Mortgage Rate.
The Mortgage Loans will have scheduled monthly payments due on the first day of the month (with respect to each Mortgage Loan, a “Due Date”). Each Mortgage Loan will contain a customary “due-on-sale” clause which provides that (subject to state and federal restrictions) the Mortgage Loan must be repaid at the time of sale of the related mortgaged property or with the consent of the holder of the mortgage note assumed by a creditworthy purchaser of the related mortgaged property.
None of the Mortgage Loans will be buydown mortgage loans.
Approximately 70.06% of the Group I Mortgage Loans, approximately 69.93% of the Group II Mortgage Loans and approximately 73.62% of the Group III Mortgage Loans, in each case by aggregate scheduled principal balances of the related loan group as of the Subsequent Cut-off Date, provide for payment by the mortgagor of a prepayment charge on certain principal prepayments, subject to certain limitations in the related mortgage note and limitations upon collection in the Pooling and Servicing Agreement. Generally, each such Mortgage Loan provides for payment of a prepayment charge on certain prepayments made within a defined period set forth in the related Mortgage Note (generally within the first three years but possibly as short as one year from the date of origination of such Mortgage Loan). The amount of the prepayment charge is as provided in the related Mortgage Note. The holders of the Class P Certificates will be entitled to all prepayment charges received on the Mortgage Loans in each loan group, and such amounts will not be available for distribution on the other classes of Certificates. Under certain instances, as described under the terms of the Pooling and Servicing Agreement, the Master Servicer may waive the payment of any otherwise applicable prepayment charge. Investors should conduct their own analysis of the effect, if any, that the prepayment charges, and decisions by the Master Servicer with respect to the waiver thereof, may have on the prepayment performance of the Mortgage Loans. As of July 1, 2003, the Alternative Mortgage Parity Act of 1982 (the “Parity Act”), which regulates the ability of the Originators to impose prepayment charges, was amended, and as a result, the Originators will be required to comply with state and local laws in originating mortgage loans with prepayment charge provisions with respect to loans originated on or after July 1, 2003. The Depositor makes no representations as to the effect that the prepayment charges, decisions by the Master Servicer with respect to the waiver thereof and the recent amendment of the Parity Act, may have on the prepayment performance of the Mortgage Loans. However, the ruling of the Office of Thrift Supervision (the “OTS”) does not retroactively affect loans originated before July 1, 2003. See “Legal Aspects of Mortgage Assets—Enforceability of Certain Provisions—Prepayment Charges” in the prospectus.
Aggregate Mortgage Loan Statistics
The Mortgage Loans consist of 14,225 adjustable-rate and fixed-rate Mortgage Loans having an aggregate principal balance as of the Subsequent Cut-off Date of approximately $2,599,998,705.91, after application of scheduled payments due on or before the Subsequent Cut-off Date whether or not received and application of all unscheduled payments of principal received prior to the Subsequent Cut-off Date, and subject to a permitted variance of plus or minus 5%. None of the Mortgage Loans had a first Due Date prior to November 2004 or after July 2005, or will have a remaining term to stated maturity of less than 175 months or greater than 360 months as of the Subsequent Cut-off Date. The latest maturity date of any Mortgage Loan is June 2035.
DESCRIPTION OF THE TOTAL COLLATERAL |
Collateral Summary | |||
Statistics given below are for the Mortgage Loans in the pool as of the Cut-off Date. Balances and percentages are based on the Cut-off Date scheduled balances of such Mortgage Loans (except in the case of Debt-to-Income and FICO, which are determined at origination).
| |||
|
Summary Statistics |
Range (if applicable) | |
|
|
| |
Number of Mortgage Loans: |
14,225 |
| |
|
|
| |
Aggregate Current Principal Balance: |
$2,599,998,705.91 |
$19,959.37 to $749,581.71 | |
Average Current Principal Balance: |
$182,776.71 |
| |
|
|
| |
Aggregate Original Principal Balance: |
$2,602,143,931.00 |
$20,000.00 to $750,000.00 | |
Average Original Principal Balance: |
$182,927.52 |
| |
|
|
| |
Fully Amortizing Mortgage Loans: |
100.00% |
| |
|
|
| |
1st Lien: |
98.76% |
| |
|
|
| |
Wtd. Avg. Gross Coupon: |
7.220% |
5.200 to 12.500 | |
|
|
| |
Wtd. Avg. Original Term (months): |
358 |
180 to 360 | |
Wtd. Avg. Remaining Term (months): |
357 |
175 to 360 | |
|
|
| |
Wtd. Avg. Margin (ARM Loans Only): |
5.816% |
4.000% to 7.125% | |
|
|
| |
Wtd. Avg. Maximum Mortgage Rate (ARM Loans Only): |
13.343% |
11.200% to 17.875% | |
|
|
| |
Wtd. Avg. Minimum Mortgage Rate (ARM Loans Only): |
7.343% |
5.200% to 11.875% | |
|
|
| |
Wtd. Avg. Original LTV (1) : |
79.76% |
11.38% to 100.00% | |
|
|
| |
Wtd. Avg. Borrower FICO: |
623 |
500 to 811 | |
|
|
| |
Geographic Distribution (Top 5): |
CA |
32.96% |
|
|
FL |
12.27% |
|
|
IL |
6.88% |
|
|
NY |
4.98% |
|
|
AZ |
4.93% |
|
(1)The loan-to-value(“OLTV”) of a first-lien mortgage at any given time is a fraction, expressed as a percentage, the numerator of which is the principal balance of the mortgage loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan. The OLTV of a second lien mortgage loan at any given time is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such mortgage loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan.
DESCRIPTION OF THE TOTAL COLLATERAL |
Collateral Type | |||||||||
COLLATERAL TYPE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | |
Fixed Rate |
3,069 |
495,086,876.74 |
19.04 |
348 |
38.40 |
6.744 |
640 |
72.19 | |
2 Yr / 6 Month |
6,769 |
1,174,349,266.50 |
45.17 |
359 |
38.77 |
7.577 |
599 |
81.43 | |
3 Yr / 6 Month |
2,406 |
421,800,875.69 |
16.22 |
358 |
39.06 |
7.425 |
613 |
81.40 | |
2 Yr / 6 Month - 2 Yr IO |
1,460 |
381,770,542.30 |
14.68 |
359 |
40.49 |
6.707 |
669 |
82.10 | |
3 Yr / 6 Month - 3 Yr IO |
442 |
102,398,141.72 |
3.94 |
359 |
39.06 |
6.702 |
675 |
81.96 | |
Fixed - 5 Yr IO |
79 |
24,593,002.96 |
0.95 |
357 |
37.85 |
6.333 |
690 |
77.96 | |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 | |
| |||||||||
| |||||||||
Interest Only Term | |||||||||
INTEREST ONLY TERM (MOS) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | |
0 |
12,244 |
2,091,237,018.93 |
80.43 |
356 |
38.74 |
7.349 |
611 |
79.24 | |
24 |
1,460 |
381,770,542.30 |
14.68 |
359 |
40.49 |
6.707 |
669 |
82.10 | |
36 |
442 |
102,398,141.72 |
3.94 |
359 |
39.06 |
6.702 |
675 |
81.96 | |
60 |
79 |
24,593,002.96 |
0.95 |
357 |
37.85 |
6.333 |
690 |
77.96 | |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 | |
| |||||||||
| |||||||||
Principal Balances at Origination | |||||||||
RANGE OF PRINCIPAL BALANCES AT ORIGINATION ($) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF ORIGINATION |
% OF PRINCIPAL BALANCE ORIGINATION |
REMAINING TERM TO MATURITY (months)* |
DEBT-TO-INCOME (%)* |
GROSS COUPON (%)* |
FICO* |
OLTV (%)* | |
0.01 - 50,000.00 |
375 |
13,420,046.00 |
0.52 |
355 |
37.05 |
10.503 |
656 |
94.79 | |
50,000.01 - 100,000.00 |
3,381 |
261,685,089.00 |
10.06 |
352 |
36.07 |
8.044 |
607 |
80.59 | |
100,000.01 - 150,000.00 |
3,540 |
440,633,627.00 |
16.93 |
356 |
37.66 |
7.541 |
615 |
80.38 | |
150,000.01 - 200,000.00 |
2,323 |
403,975,488.00 |
15.52 |
357 |
38.91 |
7.341 |
614 |
79.73 | |
200,000.01 - 250,000.00 |
1,415 |
318,642,658.00 |
12.25 |
357 |
39.56 |
7.126 |
618 |
79.30 | |
250,000.01 - 300,000.00 |
1,071 |
294,449,330.00 |
11.32 |
357 |
40.60 |
7.082 |
621 |
79.34 | |
300,000.01 - 350,000.00 |
690 |
224,387,696.00 |
8.62 |
358 |
39.69 |
6.950 |
629 |
79.39 | |
350,000.01 - 400,000.00 |
520 |
195,365,193.00 |
7.51 |
358 |
40.61 |
6.851 |
636 |
79.54 | |
400,000.01 - 450,000.00 |
361 |
153,476,748.00 |
5.90 |
358 |
40.43 |
6.702 |
640 |
79.25 | |
450,000.01 - 500,000.00 |
230 |
109,751,265.00 |
4.22 |
358 |
39.76 |
6.748 |
649 |
79.66 | |
500,000.01 - 550,000.00 |
116 |
60,977,479.00 |
2.34 |
359 |
39.28 |
6.384 |
649 |
78.83 | |
550,000.01 - 600,000.00 |
113 |
65,133,824.00 |
2.50 |
358 |
38.40 |
6.563 |
648 |
79.92 | |
600,000.01 - 650,000.00 |
44 |
27,700,084.00 |
1.06 |
359 |
38.43 |
6.603 |
650 |
76.94 | |
650,000.01 - 700,000.00 |
22 |
14,858,904.00 |
0.57 |
359 |
39.96 |
6.980 |
613 |
75.28 | |
700,000.01 - 750,000.00 |
24 |
17,686,500.00 |
0.68 |
359 |
40.19 |
7.080 |
627 |
78.49 | |
Total: |
14,225 |
2,602,143,931.00 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.75 | |
*Based on the original balances of the Mortgage Loans.
DESCRIPTION OF THE TOTAL COLLATERAL |
Principal Balance as of the Cut-Off Date | ||||||||
RANGE OF PRINCIPAL BALANCES AS OF THE CUT-OFF DATE ($) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME |
GROSS COUPON |
FICO |
OLTV (%) |
0.01 - 50,000.00 |
378 |
13,560,419.73 |
0.52 |
355 |
37.00 |
10.468 |
656 |
94.71 |
50,000.01 - 100,000.00 |
3,378 |
261,274,845.33 |
10.05 |
352 |
36.07 |
8.044 |
607 |
80.58 |
100,000.01 - 150,000.00 |
3,545 |
441,009,126.96 |
16.96 |
356 |
37.67 |
7.543 |
615 |
80.40 |
150,000.01 - 200,000.00 |
2,320 |
403,289,226.00 |
15.51 |
357 |
38.91 |
7.338 |
614 |
79.69 |
200,000.01 - 250,000.00 |
1,413 |
317,977,670.43 |
12.23 |
357 |
39.56 |
7.128 |
618 |
79.32 |
250,000.01 - 300,000.00 |
1,071 |
294,196,189.46 |
11.32 |
357 |
40.60 |
7.082 |
621 |
79.34 |
300,000.01 - 350,000.00 |
692 |
224,911,142.73 |
8.65 |
358 |
39.72 |
6.951 |
629 |
79.38 |
350,000.01 - 400,000.00 |
518 |
194,523,884.91 |
7.48 |
358 |
40.58 |
6.851 |
636 |
79.56 |
400,000.01 - 450,000.00 |
361 |
153,365,372.05 |
5.90 |
358 |
40.43 |
6.702 |
640 |
79.25 |
450,000.01 - 500,000.00 |
230 |
109,671,544.74 |
4.22 |
358 |
39.76 |
6.749 |
649 |
79.66 |
500,000.01 - 550,000.00 |
117 |
61,483,902.36 |
2.36 |
359 |
39.33 |
6.376 |
649 |
78.85 |
550,000.01 - 600,000.00 |
112 |
64,539,639.69 |
2.48 |
358 |
38.35 |
6.573 |
648 |
79.92 |
600,000.01 - 650,000.00 |
44 |
27,678,169.89 |
1.06 |
359 |
38.43 |
6.603 |
650 |
76.94 |
650,000.01 - 700,000.00 |
22 |
14,843,891.41 |
0.57 |
359 |
39.97 |
6.980 |
613 |
75.28 |
700,000.01 - 750,000.00 |
24 |
17,673,680.22 |
0.68 |
359 |
40.20 |
7.080 |
627 |
78.49 |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 |
Remaining Term to Maturity | ||||||||
RANGE OF MONTHS REMAINING |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME |
GROSS COUPON |
FICO |
OLTV |
121 - 180 |
168 |
19,902,115.24 |
0.77 |
179 |
37.43 |
6.775 |
633 |
65.14 |
181 - 240 |
141 |
18,095,001.89 |
0.70 |
239 |
37.58 |
6.644 |
626 |
70.89 |
301 - 360 |
13,916 |
2,562,001,588.78 |
98.54 |
359 |
39.02 |
7.227 |
623 |
79.93 |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 |
DESCRIPTION OF THE TOTAL COLLATERAL |
Mortgage Rate | ||||||||
RANGE OF CURRENT MORTGAGE RATES (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
5.000 - 5.499 |
232 |
79,882,733.08 |
3.07 |
356 |
38.24 |
5.287 |
693 |
69.26 |
5.500 - 5.999 |
1,250 |
324,324,167.68 |
12.47 |
355 |
39.27 |
5.768 |
651 |
74.37 |
6.000 - 6.499 |
1,569 |
344,048,891.40 |
13.23 |
356 |
39.63 |
6.245 |
644 |
76.38 |
6.500 - 6.999 |
2,426 |
491,292,736.28 |
18.90 |
356 |
39.31 |
6.738 |
633 |
77.89 |
7.000 - 7.499 |
1,949 |
363,795,817.85 |
13.99 |
357 |
39.28 |
7.230 |
622 |
79.86 |
7.500 - 7.999 |
2,315 |
393,707,413.88 |
15.14 |
357 |
38.67 |
7.736 |
604 |
82.41 |
8.000 - 8.499 |
1,501 |
233,434,661.89 |
8.98 |
357 |
38.22 |
8.217 |
596 |
85.00 |
8.500 - 8.999 |
1,261 |
186,606,408.77 |
7.18 |
358 |
38.23 |
8.725 |
589 |
86.05 |
9.000 - 9.499 |
658 |
83,838,218.04 |
3.22 |
358 |
38.09 |
9.211 |
584 |
86.35 |
9.500 - 9.999 |
356 |
43,684,104.59 |
1.68 |
358 |
38.14 |
9.712 |
575 |
84.56 |
10.000 - 10.499 |
137 |
16,007,037.20 |
0.62 |
358 |
38.81 |
10.220 |
565 |
79.35 |
10.500 - 10.999 |
257 |
20,444,670.31 |
0.79 |
359 |
41.65 |
10.699 |
628 |
88.93 |
11.000 - 11.499 |
144 |
9,867,811.68 |
0.38 |
354 |
39.29 |
11.208 |
616 |
89.80 |
11.500 - 11.999 |
113 |
6,611,288.00 |
0.25 |
359 |
41.11 |
11.788 |
617 |
93.04 |
12.000 - 12.499 |
56 |
2,421,794.27 |
0.09 |
359 |
39.95 |
12.148 |
634 |
99.99 |
12.500 - 12.999 |
1 |
30,950.99 |
0.00 |
354 |
43.00 |
12.500 |
620 |
100.00 |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 |
Original Loan-to-Value Ratios | ||||||||
RANGE OF ORIGINAL LOAN-TO-VALUE RATIOS (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
<= 25.00 |
32 |
2,731,613.75 |
0.11 |
323 |
38.20 |
6.964 |
624 |
20.10 |
25.01 - 30.00 |
32 |
4,521,266.67 |
0.17 |
340 |
36.28 |
6.246 |
657 |
28.33 |
30.01 - 35.00 |
44 |
6,031,266.64 |
0.23 |
348 |
34.81 |
6.631 |
631 |
32.72 |
35.01 - 40.00 |
66 |
9,404,440.68 |
0.36 |
350 |
38.13 |
6.470 |
640 |
37.62 |
40.01 - 45.00 |
90 |
14,587,530.52 |
0.56 |
348 |
36.57 |
6.541 |
620 |
42.75 |
45.01 - 50.00 |
150 |
25,542,059.20 |
0.98 |
347 |
40.08 |
6.891 |
602 |
47.63 |
50.01 - 55.00 |
222 |
43,418,987.29 |
1.67 |
348 |
37.81 |
6.448 |
625 |
52.83 |
55.01 - 60.00 |
345 |
66,554,034.85 |
2.56 |
350 |
38.23 |
6.724 |
610 |
57.87 |
60.01 - 65.00 |
475 |
98,253,992.64 |
3.78 |
354 |
39.46 |
6.779 |
607 |
63.38 |
65.01 - 70.00 |
798 |
148,786,591.32 |
5.72 |
355 |
39.28 |
7.085 |
593 |
68.69 |
70.01 - 75.00 |
1,171 |
227,837,148.28 |
8.76 |
355 |
40.08 |
6.999 |
592 |
74.06 |
75.01 - 80.00 |
5,099 |
1,021,992,656.13 |
39.31 |
358 |
39.31 |
6.840 |
638 |
79.74 |
80.01 - 85.00 |
1,274 |
234,442,772.05 |
9.02 |
357 |
38.85 |
7.310 |
607 |
84.42 |
85.01 - 90.00 |
2,556 |
428,472,688.70 |
16.48 |
358 |
37.84 |
7.837 |
617 |
89.71 |
90.01 - 95.00 |
1,185 |
221,512,842.51 |
8.52 |
358 |
39.03 |
8.023 |
639 |
94.86 |
95.01 - 100.00 |
686 |
45,908,814.68 |
1.77 |
358 |
39.84 |
10.238 |
671 |
99.96 |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 |
|
FICO Score at Origination | ||||||||
RANGE OF FICO SCORES |
NUMBER OF MORTGAGE LOANS
|
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
500 - 519 |
619 |
95,867,100.23 |
3.69 |
358 |
41.09 |
8.106 |
510 |
76.75 |
520 - 539 |
1,091 |
181,155,962.49 |
6.97 |
358 |
40.42 |
7.931 |
530 |
76.11 |
540 - 559 |
1,363 |
226,641,099.56 |
8.72 |
357 |
39.88 |
7.833 |
551 |
77.72 |
560 - 579 |
1,189 |
199,182,766.59 |
7.66 |
356 |
39.19 |
7.673 |
569 |
78.58 |
580 - 599 |
1,237 |
222,392,307.96 |
8.55 |
356 |
37.92 |
7.342 |
589 |
78.97 |
600 - 619 |
1,576 |
278,470,464.44 |
10.71 |
356 |
38.63 |
7.123 |
609 |
80.26 |
620 - 639 |
1,994 |
374,104,659.95 |
14.39 |
357 |
39.22 |
7.101 |
629 |
80.93 |
640 - 659 |
1,540 |
287,370,904.83 |
11.05 |
356 |
38.93 |
7.021 |
650 |
81.04 |
660 - 679 |
1,133 |
229,265,006.35 |
8.82 |
357 |
38.47 |
6.883 |
669 |
81.73 |
680 - 699 |
1,005 |
202,869,757.03 |
7.80 |
356 |
38.94 |
6.747 |
688 |
81.59 |
700 - 719 |
614 |
115,346,799.50 |
4.44 |
357 |
38.23 |
6.782 |
709 |
81.71 |
720 - 739 |
419 |
86,250,265.87 |
3.32 |
358 |
38.22 |
6.757 |
729 |
81.18 |
740 - 759 |
220 |
45,715,029.11 |
1.76 |
355 |
37.77 |
6.599 |
748 |
79.80 |
760 - 779 |
150 |
34,838,516.20 |
1.34 |
355 |
37.60 |
6.388 |
769 |
76.14 |
780 - 799 |
64 |
17,526,775.66 |
0.67 |
358 |
38.15 |
6.267 |
788 |
73.07 |
800 - 819 |
11 |
3,001,290.14 |
0.12 |
354 |
38.33 |
5.721 |
805 |
59.99 |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 |
Debt-to-Income Ratio | ||||||||
RANGE OF DEBT-TO-INCOME RATIOS (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
<= 20.00 |
831 |
138,479,356.26 |
5.33 |
355 |
14.16 |
7.309 |
629 |
78.79 |
20.01 - 25.00 |
845 |
126,109,545.50 |
4.85 |
354 |
23.16 |
7.216 |
622 |
77.92 |
25.01 - 30.00 |
1,351 |
216,508,694.94 |
8.33 |
357 |
28.24 |
7.221 |
626 |
79.17 |
30.01 - 35.00 |
1,778 |
289,643,758.20 |
11.14 |
356 |
33.18 |
7.291 |
626 |
79.90 |
35.01 - 40.00 |
2,541 |
458,806,203.06 |
17.65 |
357 |
38.17 |
7.217 |
627 |
80.56 |
40.01 - 45.00 |
3,122 |
612,534,983.72 |
23.56 |
358 |
43.04 |
7.182 |
627 |
80.65 |
45.01 - 50.00 |
3,275 |
656,962,201.06 |
25.27 |
357 |
48.06 |
7.258 |
618 |
81.26 |
50.01 - 55.00 |
482 |
100,953,963.17 |
3.88 |
352 |
53.01 |
6.886 |
597 |
65.38 |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 |
DESCRIPTION OF THE TOTAL COLLATERAL |
Geographic Distribution | ||||||||
STATE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
California |
3,002 |
856,929,555.79 |
32.96 |
357 |
40.37 |
6.703 |
635 |
76.12 |
Florida |
1,927 |
319,065,842.52 |
12.27 |
358 |
38.88 |
7.385 |
624 |
81.78 |
Illinois |
1,065 |
178,857,422.10 |
6.88 |
358 |
39.35 |
7.544 |
627 |
82.61 |
New York |
468 |
129,451,768.91 |
4.98 |
356 |
39.38 |
6.930 |
627 |
75.29 |
Arizona |
931 |
128,071,621.17 |
4.93 |
355 |
36.81 |
7.362 |
623 |
82.73 |
Michigan |
816 |
90,572,035.78 |
3.48 |
359 |
36.92 |
7.944 |
600 |
85.03 |
Texas |
792 |
90,037,445.62 |
3.46 |
349 |
37.04 |
7.701 |
607 |
81.81 |
Maryland |
401 |
82,350,968.69 |
3.17 |
357 |
38.55 |
7.307 |
605 |
79.56 |
New Jersey |
338 |
77,495,351.77 |
2.98 |
357 |
39.42 |
7.395 |
611 |
76.57 |
Nevada |
389 |
75,526,483.61 |
2.90 |
358 |
37.89 |
7.305 |
628 |
81.31 |
Georgia |
340 |
49,364,726.83 |
1.90 |
358 |
36.72 |
7.911 |
623 |
85.78 |
Minnesota |
237 |
41,934,449.75 |
1.61 |
359 |
40.13 |
7.514 |
617 |
82.16 |
Colorado |
248 |
41,604,992.16 |
1.60 |
358 |
38.37 |
7.086 |
627 |
82.92 |
Massachusetts |
173 |
40,213,294.37 |
1.55 |
359 |
39.82 |
7.085 |
645 |
79.46 |
Ohio |
346 |
36,435,100.85 |
1.40 |
354 |
36.61 |
7.911 |
594 |
85.18 |
Washington |
197 |
35,204,398.27 |
1.35 |
358 |
38.12 |
7.381 |
607 |
80.62 |
Missouri |
289 |
30,812,613.88 |
1.19 |
357 |
35.82 |
7.983 |
595 |
84.40 |
Pennsylvania |
236 |
29,545,798.00 |
1.14 |
355 |
36.90 |
7.789 |
594 |
80.39 |
Connecticut |
137 |
27,418,332.38 |
1.05 |
356 |
38.67 |
7.515 |
615 |
82.48 |
Hawaii |
82 |
25,577,635.95 |
0.98 |
358 |
39.71 |
6.554 |
644 |
76.53 |
Wisconsin |
195 |
23,795,831.06 |
0.92 |
359 |
39.71 |
8.260 |
595 |
83.57 |
Utah |
157 |
20,831,618.86 |
0.80 |
359 |
36.98 |
7.470 |
634 |
85.13 |
Indiana |
214 |
20,561,402.21 |
0.79 |
357 |
35.97 |
7.857 |
606 |
85.69 |
North Carolina |
176 |
18,430,662.33 |
0.71 |
355 |
36.78 |
7.797 |
608 |
82.78 |
Tennessee |
146 |
14,824,429.25 |
0.57 |
354 |
36.31 |
8.068 |
589 |
86.10 |
Louisiana |
126 |
14,132,816.28 |
0.54 |
351 |
38.07 |
7.630 |
606 |
81.95 |
Rhode Island |
54 |
10,929,228.70 |
0.42 |
359 |
41.82 |
7.514 |
605 |
78.69 |
Oregon |
58 |
9,355,607.17 |
0.36 |
349 |
38.65 |
7.233 |
621 |
78.72 |
Kentucky |
81 |
9,319,430.75 |
0.36 |
355 |
38.31 |
7.671 |
609 |
85.63 |
Oklahoma |
73 |
7,338,403.96 |
0.28 |
353 |
36.06 |
8.011 |
613 |
87.46 |
Alabama |
68 |
6,985,736.22 |
0.27 |
356 |
37.93 |
8.367 |
598 |
86.12 |
Iowa |
64 |
6,057,769.38 |
0.23 |
359 |
39.30 |
7.573 |
611 |
82.15 |
Mississippi |
52 |
5,824,641.71 |
0.22 |
359 |
38.58 |
7.900 |
576 |
83.84 |
Delaware |
34 |
5,762,175.20 |
0.22 |
357 |
40.22 |
7.592 |
599 |
80.15 |
New Hampshire |
30 |
5,291,526.76 |
0.20 |
350 |
40.81 |
7.203 |
623 |
78.00 |
New Mexico |
40 |
5,088,822.44 |
0.20 |
359 |
37.51 |
8.225 |
628 |
84.76 |
Nebraska |
49 |
4,913,022.17 |
0.19 |
359 |
39.91 |
7.912 |
625 |
84.06 |
Kansas |
42 |
4,424,567.96 |
0.17 |
354 |
40.59 |
7.755 |
601 |
82.69 |
Maine |
24 |
4,113,859.57 |
0.16 |
359 |
40.98 |
6.915 |
579 |
79.83 |
Alaska |
19 |
3,669,664.05 |
0.14 |
358 |
41.95 |
7.284 |
626 |
82.13 |
South Carolina |
35 |
3,191,992.55 |
0.12 |
357 |
36.27 |
7.536 |
589 |
80.26 |
Arkansas |
23 |
2,422,672.69 |
0.09 |
354 |
36.39 |
7.757 |
596 |
85.04 |
Wyoming |
20 |
2,258,502.63 |
0.09 |
359 |
33.47 |
7.393 |
618 |
76.32 |
Idaho |
20 |
2,098,747.82 |
0.08 |
359 |
38.31 |
7.696 |
608 |
83.66 |
Vermont |
2 |
741,190.41 |
0.03 |
359 |
32.30 |
8.955 |
590 |
53.21 |
South Dakota |
3 |
443,575.74 |
0.02 |
359 |
36.66 |
9.306 |
566 |
83.35 |
North Dakota |
4 |
418,503.48 |
0.02 |
359 |
43.90 |
7.381 |
652 |
82.94 |
Montana |
2 |
302,466.16 |
0.01 |
359 |
44.90 |
7.124 |
607 |
79.12 |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 |
DESCRIPTION OF THE TOTAL COLLATERAL |
Occupancy Status | ||||||||
OCCUPANCY STATUS* |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Owner Occupied |
12,685 |
2,389,393,072.30 |
91.90 |
357 |
39.58 |
7.153 |
621 |
79.41 |
Non-Owner Occupied |
1,403 |
185,225,365.93 |
7.12 |
357 |
31.53 |
8.086 |
647 |
83.99 |
Second Home |
137 |
25,380,267.68 |
0.98 |
357 |
38.56 |
7.213 |
650 |
81.19 |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 |
*Based on mortgagor representation at origination.
Documentation Type | ||||||||
INCOME DOCUMENTATION |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Full Documentation |
7,152 |
1,253,539,845.87 |
48.21 |
356 |
38.91 |
6.880 |
611 |
77.82 |
Stated Documentation |
6,012 |
1,141,215,010.63 |
43.89 |
358 |
39.87 |
7.594 |
639 |
81.66 |
Limited Documentation |
1,061 |
205,243,849.41 |
7.89 |
358 |
34.74 |
7.216 |
609 |
80.96 |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 |
Loan Purpose | ||||||||
PURPOSE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Refinance-Debt Consolidation Cash Out** |
7,101 |
1,356,417,098.25 |
52.17 |
355 |
39.20 |
7.126 |
602 |
76.21 |
Purchase |
6,166 |
1,092,055,983.28 |
42.00 |
359 |
38.97 |
7.377 |
648 |
84.51 |
Refinance-Debt Consolidation No Cash Out*** |
958 |
151,525,624.38 |
5.83 |
352 |
37.45 |
6.925 |
628 |
77.23 |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 |
** Cash proceeds to the borrower inclusive of debt consolidation payments exceed 2% or $2,000 of the original principal balance of the related loan. Also includes all home equity loans originated in Texas with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation payments do not exceed 2% or $2,000 of the original principal balance of the related loan. Excludes home equity loans originated in Texas with any cash proceeds.
DESCRIPTION OF THE TOTAL COLLATERAL |
Credit Grade | ||||||||
RISK CATEGORY* |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
I |
10,698 |
1,975,539,396.57 |
75.98 |
357 |
38.99 |
7.066 |
639 |
80.84 |
II |
1,028 |
189,418,023.45 |
7.29 |
355 |
39.36 |
7.418 |
587 |
79.05 |
III |
992 |
170,274,084.28 |
6.55 |
357 |
37.77 |
7.541 |
577 |
79.04 |
IV |
788 |
133,226,426.05 |
5.12 |
357 |
39.07 |
7.774 |
569 |
76.50 |
V |
548 |
101,744,965.89 |
3.91 |
357 |
40.03 |
7.919 |
557 |
69.67 |
VI |
166 |
28,896,940.35 |
1.11 |
358 |
40.88 |
9.475 |
559 |
65.36 |
A |
1 |
205,768.72 |
0.01 |
356 |
47.00 |
6.650 |
600 |
74.55 |
A- |
1 |
159,533.75 |
0.01 |
356 |
29.00 |
7.650 |
532 |
60.38 |
A+ |
2 |
234,161.04 |
0.01 |
355 |
42.64 |
8.093 |
640 |
76.13 |
C |
1 |
299,405.81 |
0.01 |
356 |
37.00 |
9.525 |
544 |
67.42 |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 |
* Letters correspond to risk categories of Olympus Mortgage Company and numerals correspond to risk categories of Argent Mortgage Company, LLC.
Property Type | ||||||||
PROPERTY TYPE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Single Family Residence |
10,080 |
1,828,514,404.41 |
70.33 |
357 |
39.11 |
7.190 |
618 |
79.54 |
PUD |
1,748 |
352,152,302.70 |
13.54 |
356 |
39.02 |
7.183 |
630 |
80.79 |
2-4 Family |
994 |
204,772,767.36 |
7.88 |
356 |
38.71 |
7.339 |
640 |
79.14 |
Condominium |
967 |
161,900,797.08 |
6.23 |
358 |
38.94 |
7.382 |
647 |
81.83 |
Manufactured/Mobile Home |
360 |
39,996,402.03 |
1.54 |
358 |
35.47 |
7.647 |
607 |
75.50 |
PUD Attached |
55 |
9,686,750.12 |
0.37 |
357 |
38.79 |
7.268 |
610 |
79.88 |
Single Family Attached |
21 |
2,975,282.21 |
0.11 |
359 |
40.99 |
7.099 |
620 |
78.96 |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 |
Prepayment Charge Term | ||||||||
PREPAYMENT CHARGE TERM AT ORIGINATION (MONTHS) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
No Prepayment Penalty |
4,364 |
733,328,442.54 |
28.20 |
357 |
38.75 |
7.596 |
623 |
81.15 |
12 |
532 |
124,643,553.66 |
4.79 |
356 |
39.26 |
7.184 |
627 |
76.96 |
24 |
4,830 |
895,705,455.57 |
34.45 |
358 |
39.24 |
7.307 |
619 |
81.37 |
36 |
4,499 |
846,321,254.14 |
32.55 |
355 |
38.92 |
6.806 |
627 |
77.25 |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 |
Conforming Balances | ||||||||
CONFORMING BALANCE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Conforming Balance |
12,970 |
2,030,644,681.43 |
78.10 |
356 |
38.72 |
7.358 |
618 |
79.90 |
Non-Conforming Balance |
1,255 |
569,354,024.48 |
21.90 |
358 |
39.99 |
6.727 |
642 |
79.24 |
Total: |
14,225 |
2,599,998,705.91 |
100.00 |
357 |
39.00 |
7.220 |
623 |
79.76 |
DESCRIPTION OF THE TOTAL COLLATERAL |
Maximum Mortgage Rates of the Adjustable-Rate Loans | ||||||||
RANGE OF MAXIMUM MORTGAGE RATES (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
11.000 - 11.499 |
127 |
35,510,510.30 |
1.71 |
358 |
39.95 |
5.341 |
655 |
77.50 |
11.500 - 11.999 |
736 |
186,541,952.58 |
8.97 |
358 |
39.14 |
5.780 |
645 |
78.15 |
12.000 - 12.499 |
1,060 |
245,349,402.98 |
11.79 |
359 |
40.00 |
6.253 |
647 |
78.66 |
12.500 - 12.999 |
1,837 |
391,899,758.25 |
18.84 |
359 |
39.79 |
6.742 |
636 |
79.27 |
13.000 - 13.499 |
1,673 |
321,777,649.05 |
15.47 |
359 |
39.40 |
7.233 |
623 |
80.70 |
13.500 - 13.999 |
2,036 |
359,462,779.29 |
17.28 |
359 |
38.90 |
7.736 |
605 |
83.36 |
14.000 - 14.499 |
1,371 |
218,376,251.81 |
10.50 |
358 |
38.29 |
8.218 |
596 |
85.52 |
14.500 - 14.999 |
1,169 |
177,314,496.85 |
8.52 |
359 |
38.25 |
8.726 |
590 |
86.54 |
15.000 - 15.499 |
576 |
76,999,691.79 |
3.70 |
359 |
37.87 |
9.209 |
581 |
86.35 |
15.500 - 15.999 |
309 |
40,616,980.09 |
1.95 |
359 |
38.09 |
9.713 |
571 |
84.54 |
16.000 - 16.499 |
98 |
13,883,010.26 |
0.67 |
358 |
38.76 |
10.210 |
554 |
77.11 |
16.500 - 16.999 |
55 |
8,410,102.29 |
0.40 |
359 |
42.84 |
10.678 |
539 |
73.96 |
17.000 - 17.499 |
20 |
2,843,521.17 |
0.14 |
359 |
38.07 |
11.166 |
531 |
67.59 |
17.500 - 17.999 |
10 |
1,332,719.50 |
0.06 |
359 |
40.07 |
11.707 |
526 |
66.86 |
Total: |
11,077 |
2,080,318,826.21 |
100.00 |
359 |
39.16 |
7.343 |
618 |
81.58 |
Minimum Mortgage Rates of the Adjustable-Rate Loans | ||||||||||||
RANGE OF MINIMUM MORTGAGE RATES (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | ||||
5.000 - 5.499 |
127 |
35,510,510.30 |
1.71 |
358 |
39.95 |
5.341 |
655 |
77.50 | ||||
5.500 - 5.999 |
736 |
186,541,952.58 |
8.97 |
358 |
39.14 |
5.780 |
645 |
78.15 | ||||
6.000 - 6.499 |
1,060 |
245,349,402.98 |
11.79 |
359 |
40.00 |
6.253 |
647 |
78.66 | ||||
6.500 - 6.999 |
1,837 |
391,899,758.25 |
18.84 |
359 |
39.79 |
6.742 |
636 |
79.27 | ||||
7.000 - 7.499 |
1,673 |
321,777,649.05 |
15.47 |
359 |
39.40 |
7.233 |
623 |
80.70 | ||||
7.500 - 7.999 |
2,036 |
359,462,779.29 |
17.28 |
359 |
38.90 |
7.736 |
605 |
83.36 | ||||
8.000 - 8.499 |
1,371 |
218,376,251.81 |
10.50 |
358 |
38.29 |
8.218 |
596 |
85.52 | ||||
8.500 - 8.999 |
1,169 |
177,314,496.85 |
8.52 |
359 |
38.25 |
8.726 |
590 |
86.54 | ||||
9.000 - 9.499 |
576 |
76,999,691.79 |
3.70 |
359 |
37.87 |
9.209 |
581 |
86.35 | ||||
9.500 - 9.999 |
309 |
40,616,980.09 |
1.95 |
359 |
38.09 |
9.713 |
571 |
84.54 | ||||
10.000 - 10.499 |
98 |
13,883,010.26 |
0.67 |
358 |
38.76 |
10.210 |
554 |
77.11 | ||||
10.500 - 10.999 |
55 |
8,410,102.29 |
0.40 |
359 |
42.84 |
10.678 |
539 |
73.96 | ||||
11.000 - 11.499 |
20 |
2,843,521.17 |
0.14 |
359 |
38.07 |
11.166 |
531 |
67.59 | ||||
11.500 - 11.999 |
10 |
1,332,719.50 |
0.06 |
359 |
40.07 |
11.707 |
526 |
66.86 | ||||
Total: |
11,077 |
2,080,318,826.21 |
100.00 |
359 |
39.16 |
7.343 |
618 |
81.58 | ||||
Gross Margins of the Adjustable-Rate Loans | ||||||||||||
RANGE OF GROSS MARGINS (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | ||||
4.000 - 4.000 |
000 |
000,034,819.91 |
8.94 |
359 |
39.54 |
7.461 |
631 |
82.76 | ||||
4.500 - 4.749 |
25 |
4,110,836.61 |
0.20 |
359 |
38.55 |
7.329 |
616 |
81.09 | ||||
5.000 - 5.249 |
27 |
5,161,548.77 |
0.25 |
358 |
39.64 |
7.261 |
623 |
81.05 | ||||
5.500 - 5.749 |
3 |
479,892.52 |
0.02 |
356 |
38.39 |
7.412 |
570 |
73.53 | ||||
6.000 - 6.249 |
10,019 |
1,883,689,292.40 |
90.55 |
359 |
39.12 |
7.332 |
617 |
81.46 | ||||
6.500 - 6.749 |
1 |
198,401.16 |
0.01 |
359 |
48.00 |
7.450 |
631 |
95.00 | ||||
6.750 - 6.999 |
2 |
344,629.03 |
0.02 |
357 |
32.00 |
7.637 |
665 |
86.78 | ||||
7.000 - 7.249 |
1 |
299,405.81 |
0.01 |
356 |
37.00 |
9.525 |
544 |
67.42 | ||||
Total: |
11,077 |
2,080,318,826.21 |
100.00 |
359 |
39.16 |
7.343 |
618 |
81.58 | ||||
DESCRIPTION OF THE TOTAL COLLATERAL |
Next Adjustment Date of the Adjustable-Rate Loans | ||||||||||||
NEXT ADJUSTMENT DATE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | ||||
October 2006 |
1 |
135,186.12 |
0.01 |
353 |
44.00 |
7.400 |
635 |
80.00 | ||||
November 2006 |
5 |
631,221.11 |
0.03 |
354 |
40.87 |
7.758 |
593 |
78.60 | ||||
December 2006 |
16 |
2,913,431.62 |
0.14 |
355 |
42.17 |
7.521 |
559 |
73.87 | ||||
January 2007 |
77 |
13,225,697.53 |
0.64 |
356 |
38.80 |
7.410 |
607 |
76.31 | ||||
February 2007 |
69 |
10,518,813.01 |
0.51 |
357 |
41.17 |
7.137 |
590 |
77.21 | ||||
March 2007 |
524 |
107,093,421.99 |
5.15 |
358 |
39.42 |
7.218 |
616 |
81.09 | ||||
April 2007 |
5,317 |
1,029,728,601.68 |
49.50 |
359 |
39.24 |
7.355 |
617 |
81.81 | ||||
May 2007 |
458 |
79,983,698.62 |
3.84 |
359 |
38.00 |
7.733 |
618 |
81.89 | ||||
June 2007 |
1,762 |
311,889,737.12 |
14.99 |
359 |
39.14 |
7.351 |
616 |
81.45 | ||||
November 2007 |
2 |
297,508.01 |
0.01 |
354 |
33.70 |
7.355 |
545 |
71.82 | ||||
December 2007 |
6 |
894,252.13 |
0.04 |
355 |
42.51 |
6.995 |
622 |
79.23 | ||||
January 2008 |
36 |
6,337,999.01 |
0.30 |
356 |
38.85 |
7.261 |
603 |
74.08 | ||||
February 2008 |
18 |
2,567,411.58 |
0.12 |
357 |
38.68 |
7.155 |
615 |
78.68 | ||||
March 2008 |
124 |
25,059,138.44 |
1.20 |
357 |
39.60 |
7.136 |
621 |
82.40 | ||||
April 2008 |
1,828 |
357,376,545.72 |
17.18 |
359 |
39.04 |
7.281 |
625 |
81.61 | ||||
May 2008 |
167 |
23,353,420.24 |
1.12 |
359 |
38.47 |
7.653 |
635 |
82.22 | ||||
June 2008 |
667 |
108,312,742.28 |
5.21 |
358 |
39.15 |
7.254 |
626 |
81.38 | ||||
Total: |
11,077 |
2,080,318,826.21 |
100.00 |
359 |
39.16 |
7.343 |
618 |
81.58 | ||||
Initial Periodic Cap of the Adjustable-Rate Loans | ||||||||
INITIAL PERIODIC CAP (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
2.000 |
11,077 |
2,080,318,826.21 |
100.00 |
359 |
39.16 |
7.343 |
618 |
81.58 |
Total: |
11,077 |
2,080,318,826.21 |
100.00 |
359 |
39.16 |
7.343 |
618 |
81.58 |
Periodic Cap of the Adjustable-Rate Loans | ||||||||
PERIODIC CAP (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
1.000 |
11,077 |
2,080,318,826.21 |
100.00 |
359 |
39.16 |
7.343 |
618 |
81.58 |
Total: |
11,077 |
2,080,318,826.21 |
100.00 |
359 |
39.16 |
7.343 |
618 |
81.58 |
Group I Mortgage Loan Statistics
The Group I Mortgage Loans consist of 2,138 adjustable-rate and fixed-rate Mortgage Loans having an aggregate principal balance as of the Subsequent Cut-off Date of approximately $312,294,087.92, after application of scheduled payments due on or before the Subsequent Cut-off Date whether or not received and application of all unscheduled payments of principal received prior to the Subsequent Cut-off Date, and subject to a permitted variance of plus or minus 5%. None of the Group I Mortgage Loans had a first Due Date prior to December 2004 or after July 2005, or will have a remaining term to stated maturity of less than 175 months or greater than 360 months as of the Subsequent Cut-off Date. The latest maturity date of any Group I Mortgage Loan is June 2035.
DESCRIPTION OF THE GROUP I COLLATERAL |
Collateral Summary | |||
Statistics given below are for the Mortgage Loans in the pool as of the Cut-off Date. Balances and percentages are based on the Cut-off Date scheduled balances of such Mortgage Loans (except in the case of Debt-to-Income and FICO, which are determined at origination).
| |||
|
Summary Statistics |
Range (if applicable) | |
|
|
| |
Number of Mortgage Loans: |
2,138 |
| |
|
|
| |
Aggregate Current Principal Balance: |
$312,294,087.92 |
$19,993.67 to $449,534.61 | |
Average Current Principal Balance: |
$146,068.33 |
| |
|
|
| |
Aggregate Original Principal Balance: |
$312,596,306.00 |
$20,000.00 to $450,000.00 | |
Average Original Principal Balance: |
$146,209.68 |
| |
|
|
| |
Fully Amortizing Mortgage Loans: |
100.00% |
| |
|
|
| |
1st Lien: |
98.74% |
| |
|
|
| |
Wtd. Avg. Gross Coupon: |
7.434% |
5.200% to 12.250% | |
|
|
| |
Wtd. Avg. Original Term (months): |
357 |
180 to 360 | |
Wtd. Avg. Remaining Term (months): |
356 |
175 to 360 | |
|
|
| |
Wtd. Avg. Margin (ARM Loans Only): |
5.815% |
4.000% to 7.125% | |
|
|
| |
Wtd. Avg. Maximum Mortgage Rate (ARM Loans Only): |
13.539% |
11.250% to 17.850% | |
|
|
| |
Wtd. Avg. Minimum Mortgage Rate (ARM Loans Only): |
7.539% |
5.250% to 11.850% | |
|
|
| |
Wtd. Avg. Original LTV (1) : |
78.86% |
19.05% to 100.00% | |
|
|
| |
Wtd. Avg. Borrower FICO: |
607 |
500 to 811 | |
|
|
| |
Geographic Distribution (Top 5): |
CA |
21.39% |
|
|
FL |
12.66% |
|
|
IL |
8.04% |
|
|
AZ |
6.31% |
|
|
MI |
5.15% |
|
(1)The loan-to-value(“OLTV”) of a first-lien mortgage at any given time is a fraction, expressed as a percentage, the numerator of which is the principal balance of the mortgage loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan. The OLTV of a second lien mortgage loan at any given time is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such mortgage loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan.
DESCRIPTION OF THE GROUP I COLLATERAL |
Collateral Type | |||||||||
COLLATERAL TYPE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | |
Fixed Rate |
500 |
62,329,592.07 |
19.96 |
344 |
38.90 |
7.012 |
619 |
71.69 | |
2 Yr / 6 Month |
1,097 |
164,789,657.87 |
52.77 |
359 |
39.28 |
7.669 |
594 |
80.81 | |
3 Yr / 6 Month |
384 |
57,910,168.43 |
18.54 |
358 |
39.85 |
7.574 |
601 |
79.15 | |
2 Yr / 6 Month - 2 Yr IO |
101 |
17,818,559.11 |
5.71 |
359 |
39.65 |
6.769 |
670 |
82.91 | |
3 Yr / 6 Month - 3 Yr IO |
56 |
9,446,110.44 |
3.02 |
359 |
39.02 |
6.502 |
679 |
82.88 | |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 | |
| |||||||||
| |||||||||
Interest Only Term | |||||||||
INTEREST ONLY TERM (MOS) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | |
0 |
1,981 |
285,029,418.37 |
91.27 |
355 |
39.31 |
7.506 |
601 |
78.48 | |
24 |
101 |
17,818,559.11 |
5.71 |
359 |
39.65 |
6.769 |
670 |
82.91 | |
36 |
56 |
9,446,110.44 |
3.02 |
359 |
39.02 |
6.502 |
679 |
82.88 | |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 | |
| |||||||||
| |||||||||
Principal Balances at Origination | |||||||||
RANGE OF PRINCIPAL BALANCES AT ORIGINATION ($) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF ORIGINATION |
% OF PRINCIPAL BALANCE ORIGINATION |
REMAINING TERM TO MATURITY (months)* |
DEBT-TO-INCOME (%)* |
GROSS COUPON (%)* |
FICO* |
OLTV (%)* | |
0.01 - 50,000.00 |
79 |
2,760,678.00 |
0.88 |
354 |
38.76 |
10.558 |
647 |
94.50 | |
50,000.01 - 100,000.00 |
604 |
46,471,461.00 |
14.87 |
352 |
37.69 |
7.912 |
606 |
79.86 | |
100,000.01 - 150,000.00 |
655 |
82,440,776.00 |
26.37 |
356 |
38.56 |
7.485 |
614 |
80.27 | |
150,000.01 - 200,000.00 |
344 |
59,512,725.00 |
19.04 |
355 |
38.82 |
7.386 |
600 |
78.21 | |
200,000.01 - 250,000.00 |
205 |
46,130,606.00 |
14.76 |
355 |
40.21 |
7.155 |
604 |
78.10 | |
250,000.01 - 300,000.00 |
146 |
40,038,890.00 |
12.81 |
359 |
41.05 |
7.286 |
600 |
76.72 | |
300,000.01 - 350,000.00 |
81 |
26,228,770.00 |
8.39 |
359 |
41.44 |
7.154 |
607 |
77.53 | |
350,000.01 - 400,000.00 |
19 |
6,905,550.00 |
2.21 |
359 |
41.39 |
6.671 |
631 |
78.35 | |
400,000.01 - 450,000.00 |
5 |
2,106,850.00 |
0.67 |
359 |
34.92 |
6.992 |
610 |
75.36 | |
Total: |
2,138 |
312,596,306.00 |
100.00 |
356 |
39.33 |
7.433 |
607 |
78.86 | |
*Based on the original balances of the Mortgage Loans.
DESCRIPTION OF THE GROUP I COLLATERAL |
Principal Balance as of the Cut-Off Date | ||||||||
RANGE OF PRINCIPAL BALANCES AS OF THE CUT-OFF DATE ($) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME |
GROSS COUPON |
FICO |
OLTV (%) |
0.01 - 50,000.00 |
79 |
2,757,981.94 |
0.88 |
354 |
38.76 |
10.559 |
647 |
94.51 |
50,000.01 - 100,000.00 |
604 |
46,419,523.53 |
14.86 |
352 |
37.68 |
7.912 |
606 |
79.86 |
100,000.01 - 150,000.00 |
655 |
82,370,144.33 |
26.38 |
356 |
38.56 |
7.485 |
614 |
80.27 |
150,000.01 - 200,000.00 |
344 |
59,456,501.94 |
19.04 |
355 |
38.82 |
7.386 |
600 |
78.21 |
200,000.01 - 250,000.00 |
205 |
46,082,938.97 |
14.76 |
355 |
40.21 |
7.156 |
604 |
78.10 |
250,000.01 - 300,000.00 |
146 |
40,000,828.89 |
12.81 |
359 |
41.05 |
7.286 |
600 |
76.72 |
300,000.01 - 350,000.00 |
82 |
26,551,786.04 |
8.50 |
359 |
41.61 |
7.166 |
607 |
77.37 |
350,000.01 - 400,000.00 |
18 |
6,549,283.50 |
2.10 |
359 |
40.72 |
6.600 |
635 |
79.06 |
400,000.01 - 450,000.00 |
5 |
2,105,098.78 |
0.67 |
359 |
34.92 |
6.992 |
610 |
75.36 |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
Remaining Term to Maturity | ||||||||
RANGE OF MONTHS REMAINING |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME |
GROSS COUPON |
FICO |
OLTV |
121 - 180 |
35 |
3,654,075.11 |
1.17 |
179 |
38.25 |
6.895 |
616 |
62.14 |
181 - 240 |
21 |
2,425,043.44 |
0.78 |
239 |
38.73 |
6.818 |
594 |
67.40 |
301 - 360 |
2,082 |
306,214,969.37 |
98.05 |
359 |
39.34 |
7.445 |
607 |
79.15 |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
DESCRIPTION OF THE GROUP I COLLATERAL |
Mortgage Rate | ||||||||
RANGE OF CURRENT MORTGAGE RATES (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
5.000 - 5.499 |
21 |
4,724,082.46 |
1.51 |
359 |
38.36 |
5.330 |
655 |
68.47 |
5.500 - 5.999 |
160 |
31,243,432.50 |
10.00 |
350 |
39.37 |
5.793 |
641 |
70.90 |
6.000 - 6.499 |
224 |
36,054,151.96 |
11.54 |
356 |
40.87 |
6.266 |
630 |
73.77 |
6.500 - 6.999 |
332 |
52,500,643.04 |
16.81 |
355 |
39.58 |
6.739 |
613 |
74.98 |
7.000 - 7.499 |
275 |
42,007,793.29 |
13.45 |
355 |
39.85 |
7.233 |
611 |
79.14 |
7.500 - 7.999 |
370 |
53,854,353.66 |
17.24 |
356 |
38.79 |
7.750 |
593 |
81.18 |
8.000 - 8.499 |
247 |
33,835,528.42 |
10.83 |
358 |
38.66 |
8.210 |
593 |
84.96 |
8.500 - 8.999 |
230 |
31,045,312.25 |
9.94 |
358 |
37.58 |
8.706 |
587 |
85.79 |
9.000 - 9.499 |
105 |
11,006,904.45 |
3.52 |
358 |
40.12 |
9.188 |
581 |
86.23 |
9.500 - 9.999 |
59 |
7,942,204.52 |
2.54 |
357 |
38.90 |
9.703 |
565 |
80.19 |
10.000 - 10.499 |
19 |
2,176,675.65 |
0.70 |
359 |
40.46 |
10.237 |
544 |
73.37 |
10.500 - 10.999 |
31 |
2,500,741.54 |
0.80 |
359 |
42.05 |
10.715 |
589 |
83.74 |
11.000 - 11.499 |
37 |
2,258,508.11 |
0.72 |
357 |
39.44 |
11.256 |
609 |
85.51 |
11.500 - 11.999 |
18 |
754,139.23 |
0.24 |
359 |
42.54 |
11.742 |
626 |
96.24 |
12.000 - 12.499 |
10 |
389,616.84 |
0.12 |
359 |
39.84 |
12.098 |
635 |
100.00 |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
Original Loan-to-Value Ratios | ||||||||
RANGE OF ORIGINAL LOAN-TO-VALUE RATIOS (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
<= 25.00 |
5 |
426,312.65 |
0.14 |
325 |
43.31 |
7.919 |
593 |
22.85 |
25.01 - 30.00 |
12 |
1,015,772.82 |
0.33 |
324 |
41.35 |
6.795 |
643 |
27.87 |
30.01 - 35.00 |
11 |
1,624,254.91 |
0.52 |
325 |
36.43 |
6.945 |
595 |
32.93 |
35.01 - 40.00 |
16 |
1,829,263.96 |
0.59 |
337 |
36.59 |
6.503 |
624 |
37.27 |
40.01 - 45.00 |
15 |
2,013,462.13 |
0.64 |
359 |
35.27 |
6.790 |
590 |
42.66 |
45.01 - 50.00 |
25 |
3,615,598.66 |
1.16 |
347 |
41.29 |
6.912 |
588 |
47.40 |
50.01 - 55.00 |
33 |
6,288,121.57 |
2.01 |
348 |
37.89 |
6.329 |
606 |
52.82 |
55.01 - 60.00 |
61 |
10,573,764.69 |
3.39 |
349 |
40.20 |
7.030 |
598 |
57.76 |
60.01 - 65.00 |
83 |
15,189,083.08 |
4.86 |
351 |
41.38 |
6.875 |
593 |
63.50 |
65.01 - 70.00 |
118 |
20,603,070.41 |
6.60 |
357 |
39.18 |
7.400 |
581 |
68.81 |
70.01 - 75.00 |
198 |
33,474,404.86 |
10.72 |
354 |
41.42 |
7.176 |
582 |
74.14 |
75.01 - 80.00 |
642 |
91,256,424.42 |
29.22 |
356 |
38.94 |
7.087 |
613 |
79.54 |
80.01 - 85.00 |
215 |
33,223,314.10 |
10.64 |
357 |
39.25 |
7.469 |
599 |
84.51 |
85.01 - 90.00 |
467 |
66,351,825.29 |
21.25 |
359 |
38.66 |
7.965 |
617 |
89.78 |
90.01 - 95.00 |
130 |
19,538,908.43 |
6.26 |
359 |
38.79 |
8.181 |
634 |
94.91 |
95.01 - 100.00 |
107 |
5,270,505.94 |
1.69 |
358 |
39.58 |
10.420 |
655 |
100.00 |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
|
FICO Score at Origination | ||||||||
RANGE OF FICO SCORES |
NUMBER OF MORTGAGE LOANS
|
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
500 - 519 |
108 |
15,350,698.83 |
4.92 |
358 |
41.66 |
8.115 |
511 |
77.05 |
520 - 539 |
184 |
28,661,613.19 |
9.18 |
355 |
40.27 |
8.090 |
530 |
74.92 |
540 - 559 |
262 |
38,675,513.97 |
12.38 |
358 |
40.12 |
7.767 |
550 |
77.56 |
560 - 579 |
230 |
35,016,169.44 |
11.21 |
354 |
39.70 |
7.643 |
569 |
78.11 |
580 - 599 |
208 |
32,152,527.35 |
10.30 |
357 |
38.75 |
7.485 |
589 |
77.90 |
600 - 619 |
246 |
36,257,187.03 |
11.61 |
352 |
39.11 |
7.137 |
609 |
77.59 |
620 - 639 |
246 |
35,233,888.88 |
11.28 |
356 |
38.74 |
7.260 |
629 |
79.43 |
640 - 659 |
203 |
26,999,831.94 |
8.65 |
355 |
38.43 |
7.229 |
650 |
81.71 |
660 - 679 |
159 |
22,749,848.89 |
7.28 |
357 |
38.81 |
7.202 |
668 |
83.52 |
680 - 699 |
102 |
15,540,774.97 |
4.98 |
358 |
40.01 |
6.762 |
688 |
80.84 |
700 - 719 |
93 |
11,836,599.76 |
3.79 |
354 |
37.12 |
6.948 |
710 |
81.49 |
720 - 739 |
44 |
6,434,366.82 |
2.06 |
357 |
39.57 |
6.694 |
730 |
80.43 |
740 - 759 |
28 |
4,192,772.44 |
1.34 |
357 |
37.80 |
7.296 |
747 |
85.46 |
760 - 779 |
17 |
2,279,879.89 |
0.73 |
359 |
39.32 |
6.741 |
770 |
79.09 |
780 - 799 |
7 |
782,231.06 |
0.25 |
343 |
36.92 |
6.979 |
787 |
68.31 |
800 - 819 |
1 |
130,183.46 |
0.04 |
358 |
27.00 |
6.950 |
811 |
80.00 |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
Debt-to-Income Ratio | ||||||||
RANGE OF DEBT-TO-INCOME RATIOS (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
<= 20.00 |
29 |
3,472,871.20 |
1.11 |
359 |
20.00 |
7.755 |
608 |
81.06 |
20.01 - 25.00 |
157 |
21,965,995.73 |
7.03 |
355 |
23.13 |
7.401 |
613 |
76.98 |
25.01 - 30.00 |
247 |
32,373,410.34 |
10.37 |
355 |
28.31 |
7.517 |
609 |
79.66 |
30.01 - 35.00 |
319 |
44,611,872.50 |
14.29 |
355 |
33.17 |
7.397 |
613 |
78.59 |
35.01 - 40.00 |
368 |
53,135,505.60 |
17.01 |
356 |
38.07 |
7.509 |
610 |
79.80 |
40.01 - 45.00 |
425 |
62,864,046.29 |
20.13 |
356 |
42.87 |
7.450 |
610 |
79.83 |
45.01 - 50.00 |
502 |
77,188,787.29 |
24.72 |
358 |
48.03 |
7.421 |
601 |
80.61 |
50.01 - 55.00 |
91 |
16,681,598.97 |
5.34 |
352 |
52.87 |
7.099 |
584 |
65.36 |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
DESCRIPTION OF THE GROUP I COLLATERAL |
Geographic Distribution | ||||||||
STATE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
California |
322 |
66,803,332.37 |
21.39 |
353 |
40.90 |
6.878 |
604 |
71.27 |
Florida |
269 |
39,537,707.69 |
12.66 |
357 |
38.93 |
7.425 |
612 |
79.82 |
Illinois |
180 |
25,115,722.26 |
8.04 |
357 |
39.82 |
7.666 |
614 |
81.76 |
Arizona |
152 |
19,693,815.01 |
6.31 |
355 |
37.88 |
7.270 |
618 |
83.27 |
Michigan |
147 |
16,078,318.66 |
5.15 |
358 |
39.08 |
7.924 |
599 |
85.43 |
Texas |
150 |
15,003,067.87 |
4.80 |
348 |
37.93 |
7.719 |
599 |
80.73 |
New York |
60 |
12,681,493.58 |
4.06 |
355 |
41.44 |
6.939 |
590 |
69.06 |
New Jersey |
52 |
10,970,371.32 |
3.51 |
359 |
41.56 |
7.497 |
591 |
72.82 |
Maryland |
56 |
10,562,524.22 |
3.38 |
357 |
40.22 |
7.505 |
611 |
78.15 |
Nevada |
54 |
9,452,196.74 |
3.03 |
356 |
41.44 |
7.313 |
629 |
80.61 |
Indiana |
81 |
8,559,894.23 |
2.74 |
355 |
37.58 |
7.760 |
613 |
86.47 |
Georgia |
60 |
8,044,212.60 |
2.58 |
359 |
37.45 |
7.976 |
615 |
85.64 |
Colorado |
45 |
6,535,716.81 |
2.09 |
359 |
38.11 |
7.492 |
626 |
84.89 |
Missouri |
58 |
6,373,726.90 |
2.04 |
354 |
35.71 |
7.871 |
593 |
83.34 |
Minnesota |
41 |
6,326,472.36 |
2.03 |
359 |
39.47 |
7.421 |
614 |
80.79 |
Pennsylvania |
42 |
5,289,401.15 |
1.69 |
359 |
37.60 |
8.019 |
574 |
79.51 |
Wisconsin |
39 |
4,963,587.49 |
1.59 |
359 |
38.49 |
8.423 |
613 |
85.17 |
Ohio |
43 |
4,325,278.89 |
1.39 |
357 |
37.80 |
8.004 |
584 |
85.72 |
Washington |
22 |
3,388,642.20 |
1.09 |
359 |
37.79 |
7.658 |
611 |
82.37 |
Utah |
25 |
3,128,422.38 |
1.00 |
359 |
36.85 |
7.510 |
638 |
82.71 |
Rhode Island |
16 |
3,052,678.82 |
0.98 |
359 |
41.02 |
7.688 |
579 |
79.03 |
Louisiana |
30 |
2,809,707.06 |
0.90 |
351 |
37.00 |
7.398 |
591 |
79.10 |
Massachusetts |
15 |
2,355,263.76 |
0.75 |
359 |
30.70 |
7.887 |
611 |
76.70 |
Hawaii |
8 |
2,224,605.29 |
0.71 |
359 |
38.29 |
6.757 |
665 |
73.59 |
Tennessee |
23 |
2,205,507.83 |
0.71 |
359 |
36.05 |
8.481 |
573 |
88.01 |
Connecticut |
13 |
2,015,577.04 |
0.65 |
359 |
40.11 |
7.398 |
615 |
79.45 |
North Carolina |
20 |
1,736,804.88 |
0.56 |
359 |
38.39 |
7.709 |
616 |
81.12 |
Kentucky |
12 |
1,424,429.46 |
0.46 |
359 |
36.28 |
8.048 |
585 |
86.42 |
Alaska |
8 |
1,234,072.82 |
0.40 |
358 |
40.87 |
7.702 |
613 |
85.24 |
Delaware |
7 |
1,109,791.41 |
0.36 |
359 |
35.57 |
7.056 |
601 |
78.62 |
South Carolina |
11 |
1,090,383.37 |
0.35 |
357 |
37.90 |
7.661 |
582 |
81.43 |
Oklahoma |
10 |
1,066,098.63 |
0.34 |
339 |
31.29 |
7.698 |
612 |
80.29 |
Oregon |
6 |
893,141.73 |
0.29 |
359 |
39.29 |
7.644 |
615 |
78.73 |
Mississippi |
8 |
765,743.14 |
0.25 |
359 |
37.85 |
8.397 |
550 |
86.99 |
Iowa |
9 |
742,091.39 |
0.24 |
359 |
43.36 |
8.072 |
588 |
85.67 |
Nebraska |
7 |
708,078.31 |
0.23 |
359 |
43.90 |
7.948 |
616 |
85.17 |
Alabama |
8 |
657,703.55 |
0.21 |
359 |
39.33 |
8.800 |
575 |
87.07 |
New Mexico |
7 |
601,908.96 |
0.19 |
359 |
38.59 |
7.963 |
696 |
86.59 |
New Hampshire |
2 |
522,363.62 |
0.17 |
359 |
46.12 |
7.309 |
623 |
91.26 |
Kansas |
4 |
488,244.24 |
0.16 |
359 |
37.81 |
7.521 |
649 |
81.42 |
Maine |
4 |
451,514.12 |
0.14 |
359 |
39.38 |
6.528 |
575 |
76.96 |
Wyoming |
4 |
442,881.26 |
0.14 |
359 |
38.81 |
6.815 |
596 |
82.58 |
Idaho |
4 |
360,347.84 |
0.12 |
359 |
46.19 |
8.223 |
590 |
87.94 |
Arkansas |
3 |
287,270.86 |
0.09 |
359 |
36.52 |
8.190 |
567 |
80.61 |
Montana |
1 |
213,973.80 |
0.07 |
359 |
49.00 |
6.700 |
630 |
80.00 |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
DESCRIPTION OF THE GROUP I COLLATERAL |
Occupancy Status | ||||||||
OCCUPANCY STATUS* |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Owner Occupied |
1,835 |
272,573,385.12 |
87.28 |
355 |
39.87 |
7.348 |
601 |
78.12 |
Non-Owner Occupied |
272 |
34,903,765.80 |
11.18 |
358 |
34.87 |
8.112 |
647 |
84.64 |
Second Home |
31 |
4,816,937.00 |
1.54 |
357 |
40.49 |
7.387 |
650 |
78.82 |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
*Based on mortgagor representation at origination.
Documentation Type | ||||||||
INCOME DOCUMENTATION |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Full Documentation |
1,147 |
163,867,761.59 |
52.47 |
355 |
39.75 |
7.112 |
596 |
77.33 |
Limited Documentation |
150 |
22,639,363.29 |
7.25 |
356 |
38.48 |
7.457 |
593 |
78.88 |
Stated Documentation |
841 |
125,786,963.04 |
40.28 |
357 |
38.92 |
7.849 |
624 |
80.86 |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
Loan Purpose | ||||||||
PURPOSE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Refinance-Debt Consolidation Cash Out** |
1,293 |
215,830,435.37 |
69.11 |
355 |
39.89 |
7.318 |
594 |
76.37 |
Purchase |
687 |
73,378,691.30 |
23.50 |
359 |
37.83 |
7.888 |
641 |
85.86 |
Refinance-Debt Consolidation No Cash Out*** |
158 |
23,084,961.25 |
7.39 |
355 |
38.77 |
7.068 |
618 |
79.98 |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
** Cash proceeds to the borrower inclusive of debt consolidation payments exceed 2% or $2,000 of the original principal balance of the related loan. Also includes all home equity loans originated in Texas with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation payments do not exceed 2% or $2,000 of the original principal balance of the related loan. Excludes home equity loans originated in Texas with any cash proceeds.
DESCRIPTION OF THE GROUP I COLLATERAL |
Credit Grade | ||||||||
RISK CATEGORY* |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
I |
1,527 |
214,315,640.25 |
68.63 |
356 |
38.99 |
7.249 |
623 |
80.16 |
II |
189 |
30,108,616.07 |
9.64 |
355 |
40.42 |
7.619 |
584 |
79.02 |
III |
163 |
25,466,542.98 |
8.15 |
355 |
38.65 |
7.664 |
571 |
78.71 |
IV |
127 |
18,666,884.90 |
5.98 |
357 |
39.77 |
7.796 |
569 |
77.54 |
V |
98 |
18,255,277.88 |
5.85 |
357 |
40.81 |
7.972 |
558 |
69.38 |
VI |
31 |
4,947,558.99 |
1.58 |
356 |
43.49 |
9.607 |
551 |
63.51 |
A+ |
2 |
234,161.04 |
0.07 |
355 |
42.64 |
8.093 |
640 |
76.13 |
C |
1 |
299,405.81 |
0.10 |
356 |
37.00 |
9.525 |
544 |
67.42 |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
* Letters correspond to risk categories of Olympus Mortgage Company and numerals correspond to risk categories of Argent Mortgage Company, LLC.
Property Type | ||||||||
PROPERTY TYPE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Single Family Residence |
1,579 |
226,612,825.92 |
72.56 |
356 |
39.48 |
7.407 |
603 |
78.79 |
PUD |
261 |
40,386,181.64 |
12.93 |
356 |
38.71 |
7.402 |
609 |
79.55 |
2-4 Family |
159 |
27,124,093.48 |
8.69 |
358 |
39.41 |
7.514 |
615 |
76.55 |
Condominium |
133 |
17,566,490.02 |
5.62 |
355 |
38.57 |
7.702 |
637 |
81.57 |
Single Family Attached |
3 |
347,732.00 |
0.11 |
359 |
43.40 |
7.348 |
614 |
84.79 |
PUD Attached |
3 |
256,764.86 |
0.08 |
359 |
39.30 |
9.101 |
577 |
84.21 |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
Prepayment Charge Term | ||||||||
PREPAYMENT CHARGE TERM AT ORIGINATION (MONTHS) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
No Prepayment Penalty |
692 |
93,512,695.51 |
29.94 |
356 |
39.51 |
7.737 |
607 |
79.59 |
12 |
75 |
12,438,748.43 |
3.98 |
355 |
41.13 |
7.340 |
611 |
76.83 |
24 |
704 |
104,541,821.38 |
33.48 |
358 |
39.16 |
7.532 |
603 |
80.79 |
36 |
667 |
101,800,822.60 |
32.60 |
353 |
39.10 |
7.065 |
610 |
76.47 |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
Conforming Balances | ||||||||
CONFORMING BALANCE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Conforming Balance |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
Total: |
2,138 |
312,294,087.92 |
100.00 |
356 |
39.33 |
7.434 |
607 |
78.86 |
DESCRIPTION OF THE GROUP I COLLATERAL |
Maximum Mortgage Rates of the Adjustable-Rate Loans | ||||||||
RANGE OF MAXIMUM MORTGAGE RATES (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
11.000 - 11.499 |
16 |
3,260,961.34 |
1.30 |
359 |
38.86 |
5.376 |
642 |
72.06 |
11.500 - 11.999 |
93 |
17,865,361.38 |
7.15 |
358 |
39.43 |
5.793 |
636 |
75.43 |
12.000 - 12.499 |
152 |
25,014,161.96 |
10.01 |
359 |
41.34 |
6.262 |
630 |
76.21 |
12.500 - 12.999 |
232 |
38,958,438.38 |
15.59 |
359 |
40.19 |
6.738 |
618 |
76.48 |
13.000 - 13.499 |
220 |
34,546,700.09 |
13.82 |
358 |
39.62 |
7.236 |
611 |
80.41 |
13.500 - 13.999 |
314 |
47,427,081.54 |
18.97 |
358 |
38.96 |
7.747 |
595 |
82.25 |
14.000 - 14.499 |
224 |
31,594,579.84 |
12.64 |
359 |
39.00 |
8.209 |
594 |
85.40 |
14.500 - 14.999 |
216 |
29,253,090.13 |
11.70 |
359 |
37.58 |
8.707 |
587 |
86.20 |
15.000 - 15.499 |
90 |
10,012,548.93 |
4.01 |
359 |
39.80 |
9.178 |
579 |
86.27 |
15.500 - 15.999 |
51 |
7,522,415.30 |
3.01 |
359 |
39.13 |
9.705 |
564 |
81.24 |
16.000 - 16.499 |
14 |
1,968,301.88 |
0.79 |
359 |
40.56 |
10.244 |
540 |
71.44 |
16.500 - 16.999 |
9 |
1,566,651.34 |
0.63 |
359 |
41.54 |
10.679 |
526 |
74.05 |
17.000 - 17.499 |
6 |
879,731.70 |
0.35 |
359 |
39.44 |
11.242 |
538 |
62.80 |
17.500 - 17.999 |
1 |
94,472.04 |
0.04 |
359 |
52.00 |
11.850 |
530 |
70.00 |
Total: |
1,638 |
249,964,495.85 |
100.00 |
359 |
39.43 |
7.539 |
604 |
80.65 |
Minimum Mortgage Rates of the Adjustable-Rate Loans | ||||||||||||
RANGE OF MINIMUM MORTGAGE RATES (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | ||||
5.000 - 5.499 |
16 |
3,260,961.34 |
1.30 |
359 |
38.86 |
5.376 |
642 |
72.06 | ||||
5.500 - 5.999 |
93 |
17,865,361.38 |
7.15 |
358 |
39.43 |
5.793 |
636 |
75.43 | ||||
6.000 - 6.499 |
152 |
25,014,161.96 |
10.01 |
359 |
41.34 |
6.262 |
630 |
76.21 | ||||
6.500 - 6.999 |
232 |
38,958,438.38 |
15.59 |
359 |
40.19 |
6.738 |
618 |
76.48 | ||||
7.000 - 7.499 |
220 |
34,546,700.09 |
13.82 |
358 |
39.62 |
7.236 |
611 |
80.41 | ||||
7.500 - 7.999 |
314 |
47,427,081.54 |
18.97 |
358 |
38.96 |
7.747 |
595 |
82.25 | ||||
8.000 - 8.499 |
224 |
31,594,579.84 |
12.64 |
359 |
39.00 |
8.209 |
594 |
85.40 | ||||
8.500 - 8.999 |
216 |
29,253,090.13 |
11.70 |
359 |
37.58 |
8.707 |
587 |
86.20 | ||||
9.000 - 9.499 |
90 |
10,012,548.93 |
4.01 |
359 |
39.80 |
9.178 |
579 |
86.27 | ||||
9.500 - 9.999 |
51 |
7,522,415.30 |
3.01 |
359 |
39.13 |
9.705 |
564 |
81.24 | ||||
10.000 - 10.499 |
14 |
1,968,301.88 |
0.79 |
359 |
40.56 |
10.244 |
540 |
71.44 | ||||
10.500 - 10.999 |
9 |
1,566,651.34 |
0.63 |
359 |
41.54 |
10.679 |
526 |
74.05 | ||||
11.000 - 11.499 |
6 |
879,731.70 |
0.35 |
359 |
39.44 |
11.242 |
538 |
62.80 | ||||
11.500 - 11.999 |
1 |
94,472.04 |
0.04 |
359 |
52.00 |
11.850 |
530 |
70.00 | ||||
Total: |
1,638 |
249,964,495.85 |
100.00 |
359 |
39.43 |
7.539 |
604 |
80.65 | ||||
Gross Margins of the Adjustable-Rate Loans | ||||||||||||
RANGE OF GROSS MARGINS (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | ||||
4.000 - 4.249 |
153 |
22,566,285.30 |
9.03 |
358 |
39.74 |
7.727 |
614 |
82.17 | ||||
4.500 - 4.749 |
5 |
796,710.49 |
0.32 |
358 |
33.50 |
7.041 |
598 |
82.32 | ||||
5.000 - 5.249 |
2 |
396,707.98 |
0.16 |
359 |
29.96 |
7.124 |
671 |
89.01 | ||||
5.500 - 5.749 |
1 |
114,590.05 |
0.05 |
354 |
36.00 |
8.450 |
571 |
90.00 | ||||
6.000 - 6.249 |
1,474 |
225,358,584.99 |
90.16 |
359 |
39.44 |
7.520 |
603 |
80.47 | ||||
6.500 - 6.749 |
1 |
198,401.16 |
0.08 |
359 |
48.00 |
7.450 |
631 |
95.00 | ||||
6.750 - 6.999 |
1 |
233,810.07 |
0.09 |
359 |
32.00 |
7.050 |
690 |
90.00 | ||||
7.000 - 7.249 |
1 |
299,405.81 |
0.12 |
356 |
37.00 |
9.525 |
544 |
67.42 | ||||
Total: |
1,638 |
249,964,495.85 |
100.00 |
359 |
39.43 |
7.539 |
604 |
80.65 | ||||
DESCRIPTION OF THE GROUP I COLLATERAL |
Next Adjustment Date of the Adjustable-Rate Loans | ||||||||||||
NEXT ADJUSTMENT DATE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | ||||
December 2006 |
3 |
696,929.63 |
0.28 |
355 |
42.03 |
7.401 |
587 |
72.21 | ||||
January 2007 |
11 |
2,162,862.07 |
0.87 |
356 |
41.66 |
7.701 |
599 |
73.72 | ||||
February 2007 |
4 |
708,462.86 |
0.28 |
356 |
45.29 |
6.598 |
572 |
79.54 | ||||
March 2007 |
72 |
10,872,839.95 |
4.35 |
357 |
38.86 |
7.509 |
589 |
79.60 | ||||
April 2007 |
812 |
126,397,023.47 |
50.57 |
359 |
39.28 |
7.582 |
602 |
81.48 | ||||
May 2007 |
53 |
6,348,388.48 |
2.54 |
359 |
38.36 |
7.798 |
592 |
79.98 | ||||
June 2007 |
243 |
35,421,710.52 |
14.17 |
359 |
39.45 |
7.577 |
603 |
80.64 | ||||
December 2007 |
1 |
94,047.04 |
0.04 |
355 |
39.00 |
7.525 |
651 |
80.00 | ||||
January 2008 |
6 |
1,083,441.24 |
0.43 |
356 |
37.92 |
7.893 |
576 |
73.27 | ||||
February 2008 |
2 |
247,943.93 |
0.10 |
356 |
35.24 |
7.061 |
566 |
81.62 | ||||
March 2008 |
16 |
2,563,240.46 |
1.03 |
358 |
39.81 |
7.538 |
594 |
82.81 | ||||
April 2008 |
299 |
48,447,065.57 |
19.38 |
358 |
39.59 |
7.404 |
614 |
80.07 | ||||
May 2008 |
29 |
3,345,799.24 |
1.34 |
360 |
39.90 |
7.676 |
616 |
80.41 | ||||
June 2008 |
87 |
11,574,741.39 |
4.63 |
359 |
40.53 |
7.368 |
610 |
77.64 | ||||
Total: |
1,638 |
249,964,495.85 |
100.00 |
359 |
39.43 |
7.539 |
604 |
80.65 | ||||
Initial Periodic Cap of the Adjustable-Rate Loans | ||||||||
INITIAL PERIODIC CAP (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
2.000 |
1,638 |
249,964,495.85 |
100.00 |
359 |
39.43 |
7.539 |
604 |
80.65 |
Total: |
1,638 |
249,964,495.85 |
100.00 |
359 |
39.43 |
7.539 |
604 |
80.65 |
Periodic Cap of the Adjustable-Rate Loans | ||||||||
PERIODIC CAP (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
1.000 |
1,638 |
249,964,495.85 |
100.00 |
359 |
39.43 |
7.539 |
604 |
80.65 |
Total: |
1,638 |
249,964,495.85 |
100.00 |
359 |
39.43 |
7.539 |
604 |
80.65 |
Group II Mortgage Loan Statistics
The Group II Mortgage Loans consist of 6,670 adjustable-rate and fixed-rate Mortgage Loans having an aggregate principal balance as of the Subsequent Cut-off Date of approximately $985,887,252.96, after application of scheduled payments due on or before the Subsequent Cut-off Date whether or not received and application of all unscheduled payments of principal received prior to the Subsequent Cut-off Date, and subject to a permitted variance of plus or minus 5%. None of the Group II Mortgage Loans had a first Due Date prior to November 2004 or after July 2005, or will have a remaining term to stated maturity of less than 175 months or greater than 360 months as of the Subsequent Cut-off Date. The latest maturity date of any Group II Mortgage Loan is June 2035.
DESCRIPTION OF THE GROUP II COLLATERAL |
Collateral Summary | |||
Statistics given below are for the Mortgage Loans in the pool as of the Cut-off Date. Balances and percentages are based on the Cut-off Date scheduled balances of such Mortgage Loans (except in the case of Debt-to-Income and FICO, which are determined at origination).
| |||
|
Summary Statistics |
Range (if applicable) | |
|
|
| |
Number of Mortgage Loans: |
6,670 |
| |
|
|
| |
Aggregate Current Principal Balance: |
$985,887,252.96 |
$19,959.37 to $662,572.88 | |
Average Current Principal Balance: |
$147,809.18 |
| |
|
|
| |
Aggregate Original Principal Balance: |
$986,812,252.00 |
$20,000.00 to $663,000.00 | |
Average Original Principal Balance: |
$147,947.86 |
| |
|
|
| |
Fully Amortizing Mortgage Loans: |
100.00% |
| |
|
|
| |
1st Lien: |
98.90% |
| |
|
|
| |
Wtd. Avg. Gross Coupon: |
7.412% |
5.200% to 12.500% | |
|
|
| |
Wtd. Avg. Original Term (months): |
357 |
180 to 360 | |
Wtd. Avg. Remaining Term (months): |
356 |
175 to 360 | |
|
|
| |
Wtd. Avg. Margin (ARM Loans Only): |
5.805% |
4.000% to 6.911% | |
|
|
| |
Wtd. Avg. Maximum Mortgage Rate (ARM Loans Only): |
13.540 % |
11.200% to 17.875% | |
|
|
| |
Wtd. Avg. Minimum Mortgage Rate (ARM Loans Only): |
7.540% |
5.200% to 11.875% | |
|
|
| |
Wtd. Avg. Original LTV (1) : |
78.81% |
11.38% to 100.00% | |
|
|
| |
Wtd. Avg. Borrower FICO: |
608 |
500 to 806 | |
|
|
| |
Geographic Distribution (Top 5): |
CA |
21.86% |
|
|
FL |
12.35% |
|
|
IL |
8.15% |
|
|
AZ |
6.10% |
|
|
TX |
4.76% |
|
(1)The loan-to-value(“OLTV”) of a first-lien mortgage at any given time is a fraction, expressed as a percentage, the numerator of which is the principal balance of the mortgage loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan. The OLTV of a second lien mortgage loan at any given time is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such mortgage loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan.
DESCRIPTION OF THE GROUP II COLLATERAL |
Collateral Type | |||||||||
COLLATERAL TYPE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | |
Fixed Rate |
1,440 |
197,010,991.86 |
19.98 |
345 |
38.35 |
6.901 |
622 |
71.04 | |
2 Yr / 6 Month |
3,542 |
522,323,810.30 |
52.98 |
359 |
38.07 |
7.704 |
594 |
80.76 | |
3 Yr / 6 Month |
1,244 |
187,672,694.01 |
19.04 |
358 |
38.02 |
7.440 |
605 |
80.26 | |
2 Yr / 6 Month - 2 Yr IO |
318 |
57,206,331.65 |
5.80 |
358 |
37.16 |
6.728 |
673 |
82.32 | |
3 Yr / 6 Month - 3 Yr IO |
126 |
21,673,425.14 |
2.20 |
359 |
36.51 |
6.576 |
678 |
80.51 | |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 | |
| |||||||||
| |||||||||
Interest Only Term | |||||||||
INTEREST ONLY TERM (MOS) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | |
0 |
6,226 |
907,007,496.17 |
92.00 |
356 |
38.12 |
7.475 |
602 |
78.54 | |
24 |
318 |
57,206,331.65 |
5.80 |
358 |
37.16 |
6.728 |
673 |
82.32 | |
36 |
126 |
21,673,425.14 |
2.20 |
359 |
36.51 |
6.576 |
678 |
80.51 | |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 | |
| |||||||||
| |||||||||
Principal Balances at Origination | |||||||||
RANGE OF PRINCIPAL BALANCES AT ORIGINATION ($) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF ORIGINATION |
% OF PRINCIPAL BALANCE ORIGINATION |
REMAINING TERM TO MATURITY (months)* |
DEBT-TO-INCOME (%)* |
GROSS COUPON (%)* |
FICO* |
OLTV (%)* | |
0.01 - 50,000.00 |
203 |
7,134,929.00 |
0.72 |
354 |
36.39 |
10.616 |
658 |
95.16 | |
50,000.01 - 100,000.00 |
1,843 |
143,853,537.00 |
14.58 |
352 |
35.43 |
7.991 |
607 |
81.03 | |
100,000.01 - 150,000.00 |
2,180 |
271,206,484.00 |
27.48 |
356 |
37.36 |
7.539 |
614 |
80.39 | |
150,000.01 - 200,000.00 |
999 |
174,008,146.00 |
17.63 |
356 |
38.62 |
7.377 |
599 |
77.54 | |
200,000.01 - 250,000.00 |
619 |
139,313,560.00 |
14.12 |
356 |
39.15 |
7.186 |
602 |
76.98 | |
250,000.01 - 300,000.00 |
449 |
123,310,846.00 |
12.50 |
356 |
40.00 |
7.069 |
605 |
76.96 | |
300,000.01 - 350,000.00 |
298 |
96,869,291.00 |
9.82 |
357 |
38.42 |
6.976 |
611 |
77.29 | |
350,000.01 - 400,000.00 |
55 |
20,113,660.00 |
2.04 |
359 |
40.13 |
6.787 |
614 |
77.30 | |
400,000.01 - 450,000.00 |
16 |
6,761,200.00 |
0.69 |
359 |
37.76 |
6.601 |
629 |
79.23 | |
450,000.01 - 500,000.00 |
5 |
2,462,599.00 |
0.25 |
359 |
30.59 |
7.448 |
651 |
78.66 | |
500,000.01 - 550,000.00 |
1 |
520,000.00 |
0.05 |
359 |
32.00 |
6.650 |
711 |
80.00 | |
550,000.01 - 600,000.00 |
1 |
595,000.00 |
0.06 |
359 |
41.00 |
5.800 |
746 |
85.00 | |
650,000.01 - 700,000.00 |
1 |
663,000.00 |
0.07 |
359 |
50.00 |
8.200 |
641 |
85.00 | |
Total: |
6,670 |
986,812,252.00 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.80 | |
*Based on the original balances of the Mortgage Loans.
DESCRIPTION OF THE GROUP II COLLATERAL |
Principal Balance as of the Cut-Off Date | ||||||||
RANGE OF PRINCIPAL BALANCES AS OF THE CUT-OFF DATE ($) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME |
GROSS COUPON |
FICO |
OLTV (%) |
0.01 - 50,000.00 |
204 |
7,180,128.91 |
0.73 |
355 |
36.47 |
10.588 |
657 |
95.13 |
50,000.01 - 100,000.00 |
1,842 |
143,666,536.27 |
14.57 |
352 |
35.43 |
7.992 |
607 |
81.03 |
100,000.01 - 150,000.00 |
2,182 |
271,272,665.36 |
27.52 |
356 |
37.37 |
7.540 |
614 |
80.41 |
150,000.01 - 200,000.00 |
999 |
173,939,095.23 |
17.64 |
356 |
38.60 |
7.373 |
599 |
77.49 |
200,000.01 - 250,000.00 |
617 |
138,779,521.65 |
14.08 |
356 |
39.14 |
7.190 |
602 |
77.02 |
250,000.01 - 300,000.00 |
449 |
123,184,448.64 |
12.49 |
356 |
40.00 |
7.069 |
605 |
76.96 |
300,000.01 - 350,000.00 |
298 |
96,778,603.99 |
9.82 |
357 |
38.42 |
6.976 |
611 |
77.29 |
350,000.01 - 400,000.00 |
55 |
20,093,419.51 |
2.04 |
359 |
40.13 |
6.787 |
614 |
77.30 |
400,000.01 - 450,000.00 |
16 |
6,755,006.32 |
0.69 |
359 |
37.76 |
6.601 |
629 |
79.23 |
450,000.01 - 500,000.00 |
5 |
2,460,711.73 |
0.25 |
359 |
30.59 |
7.448 |
651 |
78.66 |
500,000.01 - 550,000.00 |
1 |
519,542.47 |
0.05 |
359 |
32.00 |
6.650 |
711 |
80.00 |
550,000.01 - 600,000.00 |
1 |
595,000.00 |
0.06 |
359 |
41.00 |
5.800 |
746 |
85.00 |
650,000.01 - 700,000.00 |
1 |
662,572.88 |
0.07 |
359 |
50.00 |
8.200 |
641 |
85.00 |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
Remaining Term to Maturity | ||||||||
RANGE OF MONTHS REMAINING |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME |
GROSS COUPON |
FICO |
OLTV |
121 - 180 |
90 |
10,570,673.95 |
1.07 |
179 |
37.20 |
6.863 |
632 |
66.63 |
181 - 240 |
76 |
9,425,367.66 |
0.96 |
239 |
39.76 |
6.684 |
617 |
69.64 |
301 - 360 |
6,504 |
965,891,211.35 |
97.97 |
359 |
38.02 |
7.425 |
608 |
79.03 |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
DESCRIPTION OF THE GROUP II COLLATERAL |
Mortgage Rate | ||||||||
RANGE OF CURRENT MORTGAGE RATES (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
5.000 - 5.499 |
66 |
14,233,519.23 |
1.44 |
354 |
37.87 |
5.322 |
643 |
69.18 |
5.500 - 5.999 |
509 |
102,620,356.96 |
10.41 |
353 |
38.96 |
5.767 |
639 |
72.12 |
6.000 - 6.499 |
639 |
109,953,018.09 |
11.15 |
353 |
38.59 |
6.239 |
630 |
73.82 |
6.500 - 6.999 |
1,065 |
173,269,426.40 |
17.57 |
355 |
37.94 |
6.741 |
619 |
75.88 |
7.000 - 7.499 |
897 |
136,293,322.55 |
13.82 |
356 |
38.02 |
7.239 |
607 |
78.40 |
7.500 - 7.999 |
1,138 |
166,402,864.01 |
16.88 |
357 |
37.91 |
7.747 |
596 |
80.79 |
8.000 - 8.499 |
766 |
106,354,427.56 |
10.79 |
357 |
37.63 |
8.220 |
591 |
83.99 |
8.500 - 8.999 |
687 |
88,568,124.39 |
8.98 |
358 |
37.77 |
8.730 |
586 |
84.45 |
9.000 - 9.499 |
357 |
41,327,830.58 |
4.19 |
359 |
36.66 |
9.212 |
582 |
85.54 |
9.500 - 9.999 |
202 |
22,581,947.23 |
2.29 |
358 |
36.23 |
9.712 |
574 |
84.31 |
10.000 - 10.499 |
76 |
8,557,217.97 |
0.87 |
358 |
39.68 |
10.201 |
561 |
79.49 |
10.500 - 10.999 |
118 |
7,889,134.98 |
0.80 |
358 |
40.27 |
10.727 |
613 |
85.15 |
11.000 - 11.499 |
64 |
3,838,561.23 |
0.39 |
357 |
40.07 |
11.207 |
602 |
88.19 |
11.500 - 11.999 |
52 |
2,758,442.45 |
0.28 |
359 |
39.37 |
11.758 |
613 |
90.75 |
12.000 - 12.499 |
33 |
1,208,108.34 |
0.12 |
358 |
38.96 |
12.172 |
633 |
99.99 |
12.500 - 12.999 |
1 |
30,950.99 |
0.00 |
354 |
43.00 |
12.500 |
620 |
100.00 |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
Original Loan-to-Value Ratios | ||||||||
RANGE OF ORIGINAL LOAN-TO-VALUE RATIOS (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
<= 30.00 |
29 |
3,038,279.50 |
0.31 |
336 |
36.73 |
6.677 |
625 |
23.85 |
30.01 - 35.00 |
21 |
2,272,561.88 |
0.23 |
354 |
31.42 |
6.744 |
599 |
32.30 |
35.01 - 40.00 |
37 |
4,894,406.33 |
0.50 |
352 |
35.39 |
6.723 |
610 |
37.42 |
40.01 - 45.00 |
44 |
7,326,953.24 |
0.74 |
348 |
36.56 |
6.784 |
597 |
42.61 |
45.01 - 50.00 |
94 |
15,115,090.46 |
1.53 |
344 |
40.99 |
7.023 |
600 |
47.84 |
50.01 - 55.00 |
116 |
19,420,695.05 |
1.97 |
347 |
37.10 |
6.753 |
606 |
52.53 |
55.01 - 60.00 |
180 |
29,530,325.00 |
3.00 |
351 |
38.49 |
6.792 |
593 |
57.83 |
60.01 - 65.00 |
245 |
43,011,430.68 |
4.36 |
352 |
39.74 |
7.017 |
581 |
63.38 |
65.01 - 70.00 |
429 |
75,222,716.04 |
7.63 |
355 |
38.94 |
7.219 |
586 |
68.71 |
70.01 - 75.00 |
623 |
109,635,320.89 |
11.12 |
354 |
39.55 |
7.067 |
589 |
74.01 |
75.01 - 80.00 |
2,031 |
300,194,247.85 |
30.45 |
356 |
37.90 |
7.080 |
618 |
79.62 |
80.01 - 85.00 |
649 |
100,309,117.70 |
10.17 |
358 |
38.08 |
7.524 |
599 |
84.39 |
85.01 - 90.00 |
1,405 |
196,849,512.38 |
19.97 |
359 |
36.70 |
7.987 |
614 |
89.70 |
90.01 - 95.00 |
465 |
63,205,899.61 |
6.41 |
358 |
37.81 |
8.156 |
630 |
94.69 |
95.01 - 100.00 |
302 |
15,860,696.35 |
1.61 |
358 |
38.21 |
10.326 |
666 |
99.99 |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
|
FICO Score at Origination | ||||||||
RANGE OF FICO SCORES |
NUMBER OF MORTGAGE LOANS
|
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
500 - 519 |
347 |
52,010,252.76 |
5.28 |
358 |
40.59 |
8.080 |
511 |
76.37 |
520 - 539 |
618 |
93,022,112.48 |
9.44 |
359 |
40.25 |
7.985 |
530 |
75.72 |
540 - 559 |
738 |
111,061,374.94 |
11.27 |
357 |
40.00 |
7.877 |
550 |
76.83 |
560 - 579 |
631 |
94,317,369.50 |
9.57 |
355 |
38.13 |
7.714 |
569 |
78.10 |
580 - 599 |
654 |
101,886,167.94 |
10.33 |
356 |
37.96 |
7.322 |
589 |
78.27 |
600 - 619 |
783 |
119,296,516.22 |
12.10 |
355 |
37.96 |
7.150 |
609 |
78.53 |
620 - 639 |
805 |
113,369,206.95 |
11.50 |
355 |
37.62 |
7.211 |
629 |
79.33 |
640 - 659 |
676 |
98,003,910.53 |
9.94 |
356 |
37.04 |
7.136 |
649 |
80.41 |
660 - 679 |
461 |
68,991,232.23 |
7.00 |
356 |
36.12 |
7.012 |
669 |
81.78 |
680 - 699 |
425 |
61,248,768.24 |
6.21 |
353 |
35.80 |
7.035 |
688 |
80.97 |
700 - 719 |
246 |
32,983,233.00 |
3.35 |
354 |
37.17 |
7.020 |
709 |
81.00 |
720 - 739 |
147 |
20,432,629.30 |
2.07 |
357 |
35.37 |
7.107 |
728 |
83.42 |
740 - 759 |
81 |
11,216,648.95 |
1.14 |
356 |
34.66 |
7.144 |
748 |
84.23 |
760 - 779 |
44 |
5,740,198.97 |
0.58 |
349 |
34.93 |
6.868 |
768 |
81.45 |
780 - 799 |
12 |
2,052,241.33 |
0.21 |
359 |
37.46 |
6.662 |
786 |
77.36 |
800 - 819 |
2 |
255,389.62 |
0.03 |
359 |
34.69 |
5.585 |
804 |
53.45 |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
Debt-to-Income Ratio | ||||||||
RANGE OF DEBT-TO-INCOME RATIOS (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
<= 20.00 |
512 |
69,908,314.15 |
7.09 |
354 |
14.20 |
7.499 |
629 |
79.27 |
20.01 - 25.00 |
440 |
54,190,971.46 |
5.50 |
354 |
23.20 |
7.473 |
611 |
77.78 |
25.01 - 30.00 |
687 |
95,320,829.33 |
9.67 |
357 |
28.16 |
7.429 |
615 |
78.53 |
30.01 - 35.00 |
861 |
120,550,075.48 |
12.23 |
356 |
33.14 |
7.442 |
613 |
79.27 |
35.01 - 40.00 |
1,184 |
173,813,276.06 |
17.63 |
356 |
38.18 |
7.395 |
609 |
79.55 |
40.01 - 45.00 |
1,303 |
198,318,463.63 |
20.12 |
357 |
43.01 |
7.358 |
607 |
79.25 |
45.01 - 50.00 |
1,431 |
228,341,393.59 |
23.16 |
356 |
48.10 |
7.475 |
599 |
80.64 |
50.01 - 55.00 |
252 |
45,443,929.26 |
4.61 |
350 |
53.16 |
7.071 |
591 |
64.67 |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
DESCRIPTION OF THE GROUP II COLLATERAL |
Geographic Distribution | ||||||||
STATE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
California |
1,006 |
215,537,921.31 |
21.86 |
356 |
38.89 |
6.913 |
607 |
72.48 |
Florida |
862 |
121,710,375.24 |
12.35 |
357 |
38.45 |
7.472 |
614 |
80.11 |
Illinois |
531 |
80,355,292.09 |
8.15 |
358 |
38.51 |
7.523 |
619 |
81.48 |
Arizona |
474 |
60,154,498.24 |
6.10 |
354 |
37.23 |
7.421 |
619 |
81.71 |
Texas |
452 |
46,960,260.60 |
4.76 |
347 |
36.62 |
7.744 |
602 |
81.22 |
Michigan |
440 |
46,826,952.95 |
4.75 |
359 |
36.22 |
8.043 |
597 |
85.26 |
New York |
202 |
45,230,566.16 |
4.59 |
352 |
38.51 |
7.064 |
608 |
70.21 |
Maryland |
210 |
36,673,927.13 |
3.72 |
357 |
38.52 |
7.290 |
591 |
78.17 |
New Jersey |
177 |
33,831,701.44 |
3.43 |
356 |
40.27 |
7.382 |
600 |
73.35 |
Nevada |
159 |
26,584,332.60 |
2.70 |
358 |
36.26 |
7.398 |
609 |
78.90 |
Georgia |
187 |
24,543,850.20 |
2.49 |
358 |
34.82 |
7.995 |
621 |
85.81 |
Ohio |
211 |
21,264,162.20 |
2.16 |
353 |
36.31 |
7.977 |
593 |
85.48 |
Minnesota |
125 |
20,854,597.04 |
2.12 |
358 |
39.15 |
7.492 |
614 |
83.30 |
Colorado |
130 |
20,752,447.75 |
2.10 |
357 |
37.79 |
7.044 |
623 |
82.21 |
Missouri |
163 |
17,204,378.57 |
1.75 |
359 |
36.21 |
7.938 |
600 |
85.00 |
Pennsylvania |
125 |
14,962,032.69 |
1.52 |
353 |
35.18 |
7.627 |
600 |
79.53 |
Washington |
80 |
13,960,175.36 |
1.42 |
357 |
37.50 |
7.498 |
595 |
80.39 |
Wisconsin |
117 |
13,656,054.34 |
1.39 |
359 |
39.96 |
8.120 |
588 |
82.70 |
Connecticut |
69 |
11,346,653.95 |
1.15 |
352 |
39.46 |
7.764 |
597 |
79.94 |
Hawaii |
39 |
10,560,928.59 |
1.07 |
359 |
41.61 |
6.622 |
608 |
73.67 |
North Carolina |
96 |
10,520,892.33 |
1.07 |
358 |
37.15 |
7.899 |
603 |
84.05 |
Utah |
88 |
10,026,465.77 |
1.02 |
359 |
36.32 |
7.584 |
629 |
85.04 |
Indiana |
111 |
9,776,434.89 |
0.99 |
358 |
34.27 |
7.827 |
606 |
85.20 |
Massachusetts |
54 |
9,206,541.78 |
0.93 |
359 |
39.26 |
7.088 |
625 |
72.66 |
Tennessee |
78 |
7,334,292.94 |
0.74 |
354 |
37.03 |
8.060 |
589 |
84.72 |
Louisiana |
64 |
7,108,343.18 |
0.72 |
355 |
37.10 |
7.855 |
607 |
83.56 |
Kentucky |
44 |
4,878,250.93 |
0.49 |
353 |
38.81 |
7.670 |
607 |
85.92 |
Rhode Island |
25 |
4,784,125.36 |
0.49 |
359 |
42.99 |
7.583 |
596 |
75.82 |
Oregon |
32 |
4,610,136.96 |
0.47 |
339 |
38.37 |
7.265 |
609 |
77.90 |
Oklahoma |
45 |
4,136,837.06 |
0.42 |
354 |
35.20 |
7.960 |
610 |
87.60 |
Alabama |
42 |
3,870,015.95 |
0.39 |
354 |
34.54 |
8.240 |
601 |
86.25 |
Iowa |
39 |
3,707,250.15 |
0.38 |
359 |
40.09 |
7.414 |
617 |
81.62 |
New Hampshire |
16 |
3,073,245.78 |
0.31 |
344 |
40.21 |
7.159 |
616 |
78.77 |
Mississippi |
29 |
3,023,969.74 |
0.31 |
359 |
37.05 |
7.637 |
579 |
81.05 |
Kansas |
29 |
2,920,012.29 |
0.30 |
355 |
40.99 |
7.826 |
584 |
82.66 |
Nebraska |
29 |
2,894,756.88 |
0.29 |
359 |
38.43 |
7.920 |
623 |
85.49 |
Delaware |
17 |
2,438,561.71 |
0.25 |
359 |
40.82 |
8.132 |
577 |
80.52 |
Maine |
14 |
2,408,359.28 |
0.24 |
359 |
37.43 |
6.729 |
585 |
80.08 |
New Mexico |
20 |
1,972,553.03 |
0.20 |
359 |
35.84 |
8.122 |
632 |
86.11 |
Idaho |
9 |
989,310.60 |
0.10 |
359 |
40.29 |
7.737 |
605 |
83.79 |
Arkansas |
10 |
908,819.75 |
0.09 |
347 |
30.76 |
7.463 |
594 |
82.45 |
Wyoming |
7 |
690,448.71 |
0.07 |
359 |
38.66 |
7.456 |
661 |
79.58 |
Alaska |
4 |
625,651.13 |
0.06 |
359 |
37.52 |
7.439 |
597 |
77.33 |
South Carolina |
4 |
408,712.65 |
0.04 |
356 |
33.15 |
7.513 |
602 |
83.75 |
South Dakota |
2 |
247,575.74 |
0.03 |
359 |
34.01 |
9.410 |
591 |
86.00 |
North Dakota |
2 |
243,045.38 |
0.02 |
359 |
41.55 |
7.598 |
670 |
85.07 |
Vermont |
1 |
111,534.54 |
0.01 |
356 |
34.00 |
8.700 |
600 |
80.00 |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
DESCRIPTION OF THE GROUP II COLLATERAL |
Occupancy Status | ||||||||
OCCUPANCY STATUS* |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Owner Occupied |
5,664 |
850,254,728.57 |
86.24 |
355 |
39.02 |
7.317 |
602 |
77.96 |
Non-Owner Occupied |
925 |
120,726,314.99 |
12.25 |
358 |
31.11 |
8.097 |
647 |
84.21 |
Second Home |
81 |
14,906,209.40 |
1.51 |
357 |
37.52 |
7.286 |
649 |
83.40 |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
*Based on mortgagor representation at origination.
Documentation Type | ||||||||
INCOME DOCUMENTATION |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Full Documentation |
3,496 |
521,278,189.32 |
52.87 |
355 |
38.82 |
7.098 |
594 |
77.40 |
Limited Documentation |
491 |
76,263,861.22 |
7.74 |
358 |
33.35 |
7.366 |
603 |
80.67 |
Stated Documentation |
2,683 |
388,345,202.42 |
39.39 |
357 |
37.89 |
7.843 |
627 |
80.33 |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
Loan Purpose | ||||||||
PURPOSE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Refinance-Debt Consolidation Cash Out** |
3,941 |
670,542,649.55 |
68.01 |
355 |
38.96 |
7.258 |
595 |
76.27 |
Purchase |
2,174 |
236,351,196.95 |
23.97 |
359 |
35.71 |
7.939 |
642 |
86.01 |
Refinance-Debt Consolidation No Cash Out*** |
555 |
78,993,406.46 |
8.01 |
352 |
37.07 |
7.144 |
613 |
78.78 |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
** Cash proceeds to the borrower inclusive of debt consolidation payments exceed 2% or $2,000 of the original principal balance of the related loan. Also includes all home equity loans originated in Texas with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation payments do not exceed 2% or $2,000 of the original principal balance of the related loan. Excludes home equity loans originated in Texas with any cash proceeds.
DESCRIPTION OF THE GROUP II COLLATERAL |
Credit Grade | ||||||||
RISK CATEGORY* |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
I |
4,694 |
667,935,449.95 |
67.75 |
355 |
37.61 |
7.254 |
625 |
80.22 |
II |
560 |
93,424,079.70 |
9.48 |
355 |
38.75 |
7.386 |
586 |
78.86 |
III |
565 |
85,987,489.54 |
8.72 |
357 |
38.26 |
7.599 |
575 |
78.29 |
IV |
446 |
69,346,524.68 |
7.03 |
357 |
38.63 |
7.848 |
569 |
76.01 |
V |
309 |
53,245,131.53 |
5.40 |
357 |
40.07 |
8.027 |
553 |
69.37 |
VI |
94 |
15,583,275.09 |
1.58 |
359 |
41.00 |
9.284 |
563 |
65.90 |
A |
1 |
205,768.72 |
0.02 |
356 |
47.00 |
6.650 |
600 |
74.55 |
A- |
1 |
159,533.75 |
0.02 |
356 |
29.00 |
7.650 |
532 |
60.38 |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
* Letters correspond to risk categories of Olympus Mortgage Company and numerals correspond to risk categories of Argent Mortgage Company, LLC.
Property Type | ||||||||
PROPERTY TYPE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Single Family Residence |
4,911 |
711,346,581.71 |
72.15 |
356 |
38.12 |
7.401 |
602 |
78.66 |
PUD |
753 |
116,976,667.79 |
11.87 |
354 |
38.06 |
7.346 |
611 |
79.34 |
2-4 Family |
495 |
88,784,055.33 |
9.01 |
354 |
37.33 |
7.474 |
627 |
77.55 |
Condominium |
468 |
62,681,727.70 |
6.36 |
357 |
38.01 |
7.554 |
640 |
81.18 |
PUD Attached |
30 |
4,503,059.12 |
0.46 |
355 |
36.91 |
7.571 |
596 |
79.85 |
Single Family Attached |
13 |
1,595,161.31 |
0.16 |
359 |
39.78 |
7.414 |
599 |
79.77 |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
Prepayment Charge Term | ||||||||
PREPAYMENT CHARGE TERM AT ORIGINATION (MONTHS) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
No Prepayment Penalty |
2,123 |
296,424,192.10 |
30.07 |
356 |
38.21 |
7.622 |
609 |
79.54 |
12 |
221 |
42,366,366.27 |
4.30 |
352 |
38.06 |
7.386 |
613 |
74.08 |
24 |
2,247 |
326,761,747.68 |
33.14 |
358 |
37.66 |
7.602 |
604 |
80.60 |
36 |
2,079 |
320,334,946.91 |
32.49 |
353 |
38.24 |
7.027 |
610 |
76.93 |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
Conforming Balances | ||||||||
CONFORMING BALANCE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Conforming Balance |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
Total: |
6,670 |
985,887,252.96 |
100.00 |
356 |
38.03 |
7.412 |
608 |
78.81 |
DESCRIPTION OF THE GROUP II COLLATERAL |
Maximum Mortgage Rates of the Adjustable-Rate Loans | ||||||||
RANGE OF MAXIMUM MORTGAGE RATES (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
11.000 - 11.499 |
47 |
9,639,903.50 |
1.22 |
359 |
38.73 |
5.338 |
631 |
72.78 |
11.500 - 11.999 |
300 |
58,642,519.13 |
7.43 |
358 |
37.92 |
5.766 |
635 |
76.53 |
12.000 - 12.499 |
394 |
69,423,989.27 |
8.80 |
359 |
38.77 |
6.248 |
632 |
76.93 |
12.500 - 12.999 |
771 |
126,085,934.95 |
15.98 |
358 |
38.12 |
6.748 |
621 |
77.75 |
13.000 - 13.499 |
769 |
118,455,957.53 |
15.02 |
359 |
38.06 |
7.242 |
607 |
79.52 |
13.500 - 13.999 |
1,006 |
150,156,688.46 |
19.03 |
358 |
38.09 |
7.749 |
597 |
81.87 |
14.000 - 14.499 |
703 |
99,639,853.80 |
12.63 |
358 |
37.61 |
8.219 |
591 |
84.69 |
14.500 - 14.999 |
627 |
82,929,601.06 |
10.51 |
359 |
37.72 |
8.732 |
587 |
85.11 |
15.000 - 15.499 |
326 |
38,777,303.93 |
4.92 |
359 |
36.34 |
9.209 |
581 |
85.75 |
15.500 - 15.999 |
182 |
21,353,396.35 |
2.71 |
359 |
36.12 |
9.712 |
572 |
84.15 |
16.000 - 16.499 |
60 |
7,664,781.41 |
0.97 |
358 |
39.30 |
10.192 |
556 |
78.50 |
16.500 - 16.999 |
30 |
4,071,089.94 |
0.52 |
359 |
42.70 |
10.704 |
543 |
71.21 |
17.000 - 17.499 |
11 |
1,317,860.04 |
0.17 |
359 |
41.99 |
11.119 |
527 |
72.01 |
17.500 - 17.999 |
4 |
717,381.73 |
0.09 |
359 |
39.95 |
11.667 |
534 |
66.89 |
Total: |
5,230 |
788,876,261.10 |
100.00 |
358 |
37.95 |
7.540 |
604 |
80.75 |
Minimum Mortgage Rates of the Adjustable-Rate Loans | ||||||||||||
RANGE OF MINIMUM MORTGAGE RATES (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | ||||
5.000 - 5.499 |
47 |
9,639,903.50 |
1.22 |
359 |
38.73 |
5.338 |
631 |
72.78 | ||||
5.500 - 5.999 |
300 |
58,642,519.13 |
7.43 |
358 |
37.92 |
5.766 |
635 |
76.53 | ||||
6.000 - 6.499 |
394 |
69,423,989.27 |
8.80 |
359 |
38.77 |
6.248 |
632 |
76.93 | ||||
6.500 - 6.999 |
771 |
126,085,934.95 |
15.98 |
358 |
38.12 |
6.748 |
621 |
77.75 | ||||
7.000 - 7.499 |
769 |
118,455,957.53 |
15.02 |
359 |
38.06 |
7.242 |
607 |
79.52 | ||||
7.500 - 7.999 |
1,006 |
150,156,688.46 |
19.03 |
358 |
38.09 |
7.749 |
597 |
81.87 | ||||
8.000 - 8.499 |
703 |
99,639,853.80 |
12.63 |
358 |
37.61 |
8.219 |
591 |
84.69 | ||||
8.500 - 8.999 |
627 |
82,929,601.06 |
10.51 |
359 |
37.72 |
8.732 |
587 |
85.11 | ||||
9.000 - 9.499 |
326 |
38,777,303.93 |
4.92 |
359 |
36.34 |
9.209 |
581 |
85.75 | ||||
9.500 - 9.999 |
182 |
21,353,396.35 |
2.71 |
359 |
36.12 |
9.712 |
572 |
84.15 | ||||
10.000 - 10.499 |
60 |
7,664,781.41 |
0.97 |
358 |
39.30 |
10.192 |
556 |
78.50 | ||||
10.500 - 10.999 |
30 |
4,071,089.94 |
0.52 |
359 |
42.70 |
10.704 |
543 |
71.21 | ||||
11.000 - 11.499 |
11 |
1,317,860.04 |
0.17 |
359 |
41.99 |
11.119 |
527 |
72.01 | ||||
11.500 - 11.999 |
4 |
717,381.73 |
0.09 |
359 |
39.95 |
11.667 |
534 |
66.89 | ||||
Total: |
5,230 |
788,876,261.10 |
100.00 |
358 |
37.95 |
7.540 |
604 |
80.75 | ||||
Gross Margins of the Adjustable-Rate Loans | ||||||||||||
RANGE OF GROSS MARGINS (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | ||||
4.000 - 4.249 |
462 |
73,742,274.29 |
9.35 |
359 |
38.67 |
7.473 |
621 |
81.59 | ||||
4.500 - 4.749 |
15 |
2,142,098.30 |
0.27 |
359 |
38.70 |
7.351 |
609 |
80.01 | ||||
5.000 - 5.249 |
18 |
2,963,718.06 |
0.38 |
358 |
37.87 |
7.646 |
613 |
81.37 | ||||
5.500 - 5.749 |
2 |
365,302.47 |
0.05 |
356 |
39.14 |
7.087 |
570 |
68.36 | ||||
6.000 - 6.249 |
4,732 |
709,552,049.02 |
89.94 |
358 |
37.87 |
7.547 |
603 |
80.67 | ||||
6.750 - 6.999 |
1 |
110,818.96 |
0.01 |
354 |
32.00 |
8.875 |
612 |
80.00 | ||||
Total: |
5,230 |
788,876,261.10 |
100.00 |
358 |
37.95 |
7.540 |
604 |
80.75 | ||||
DESCRIPTION OF THE GROUP II COLLATERAL |
Next Adjustment Date of the Adjustable-Rate Loans | ||||||||||||
NEXT ADJUSTMENT DATE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | ||||
November 2006 |
3 |
412,244.29 |
0.05 |
354 |
41.84 |
7.903 |
570 |
77.86 | ||||
December 2006 |
11 |
2,091,428.63 |
0.27 |
355 |
41.84 |
7.491 |
551 |
74.80 | ||||
January 2007 |
43 |
6,280,005.13 |
0.80 |
356 |
38.1 |
7.499 |
591 |
75.37 | ||||
February 2007 |
15 |
2,155,544.05 |
0.27 |
357 |
40.03 |
7.433 |
603 |
79.05 | ||||
March 2007 |
212 |
34,728,958.82 |
4.40 |
358 |
38.48 |
7.500 |
597 |
80.20 | ||||
April 2007 |
2,539 |
389,889,561.81 |
49.42 |
359 |
37.89 |
7.597 |
602 |
81.15 | ||||
May 2007 |
204 |
25,355,147.83 |
3.21 |
358 |
38.04 |
8.174 |
608 |
82.32 | ||||
June 2007 |
833 |
118,617,251.39 |
15.04 |
358 |
38 |
7.562 |
600 |
80.50 | ||||
November 2007 |
2 |
297,508.01 |
0.04 |
354 |
33.7 |
7.355 |
545 |
71.82 | ||||
December 2007 |
3 |
430,262.44 |
0.05 |
355 |
44.31 |
7.164 |
629 |
77.36 | ||||
January 2008 |
20 |
3,327,851.58 |
0.42 |
356 |
39.29 |
7.353 |
581 |
70.90 | ||||
February 2008 |
5 |
934,915.64 |
0.12 |
357 |
39.55 |
7.029 |
620 |
81.69 | ||||
March 2008 |
57 |
10,032,259.39 |
1.27 |
355 |
40.82 |
6.999 |
604 |
79.90 | ||||
April 2008 |
883 |
140,566,882.28 |
17.82 |
358 |
37.65 |
7.380 |
612 |
80.51 | ||||
May 2008 |
73 |
8,215,843.81 |
1.04 |
360 |
36.6 |
7.494 |
633 |
81.98 | ||||
June 2008 |
327 |
45,540,596.00 |
5.77 |
359 |
37.95 |
7.321 |
613 |
80.14 | ||||
Total: |
5,230 |
788,876,261.10 |
100.00 |
358 |
37.95 |
7.540 |
604 |
80.75 | ||||
Initial Periodic Cap of the Adjustable-Rate Loans | ||||||||
INITIAL PERIODIC CAP (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
2.000 |
5,230 |
788,876,261.10 |
100.00 |
358 |
37.95 |
7.540 |
604 |
80.75 |
Total: |
5,230 |
788,876,261.10 |
100.00 |
358 |
37.95 |
7.540 |
604 |
80.75 |
Periodic Cap of the Adjustable-Rate Loans | ||||||||
PERIODIC CAP (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
1.000 |
5,230 |
788,876,261.10 |
100.00 |
358 |
37.95 |
7.540 |
604 |
80.75 |
Total: |
5,230 |
788,876,261.10 |
100.00 |
358 |
37.95 |
7.540 |
604 |
80.75 |
Group III Mortgage Loan Statistics
The Group III Mortgage Loans consist of 5,417 adjustable-rate and fixed-rate Mortgage Loans having an aggregate principal balance as of the Subsequent Cut-off Date of approximately $1,301,817,365.03, after application of scheduled payments due on or before the Subsequent Cut-off Date whether or not received and application of all unscheduled payments of principal received prior to the Subsequent Cut-off Date, and subject to a permitted variance of plus or minus 5%. None of the Group III Mortgage Loans had a first Due Date prior to November 2004 or after July 2005, or will have a remaining term to stated maturity of less than 178 months or greater than 360 months as of the Subsequent Cut-off Date. The latest maturity date of any Group III Mortgage Loan is June 2035.
DESCRIPTION OF THE GROUP III COLLATERAL |
Collateral Summary | |||
Statistics given below are for the Mortgage Loans in the pool as of the Cut-off Date. Balances and percentages are based on the Cut-off Date scheduled balances of such Mortgage Loans (except in the case of Debt-to-Income and FICO, which are determined at origination).
| |||
|
Summary Statistics |
Range (if applicable) | |
|
|
| |
Number of Mortgage Loans: |
5,417 |
| |
|
|
| |
Aggregate Current Principal Balance: |
$1,301,817,365.03 |
$19,992.55 to $749,581.71 | |
Average Current Principal Balance: |
$240,320.72 |
| |
|
|
| |
Aggregate Original Principal Balance: |
$1,302,735,373.00 |
$20,000.00 to $750,000.00 | |
Average Original Principal Balance: |
$240,490.19 |
| |
|
|
| |
Fully Amortizing Mortgage Loans: |
100.00% |
| |
|
|
| |
1st Lien: |
98.66% |
| |
|
|
| |
Wtd. Avg. Gross Coupon: |
7.023% |
5.200% to 12.400% | |
|
|
| |
Wtd. Avg. Original Term (months): |
359 |
180 to 360 | |
Wtd. Avg. Remaining Term (months): |
358 |
178 to 360 | |
|
|
| |
Wtd. Avg. Margin (ARM Loans Only): |
5.824% |
4.000% to 6.237% | |
|
|
| |
Wtd. Avg. Maximum Mortgage Rate (ARM Loans Only): |
13.148% |
11.200% to 17.800% | |
|
|
| |
Wtd. Avg. Minimum Mortgage Rate (ARM Loans Only): |
7.148% |
5.200% to 11.800% | |
|
|
| |
Wtd. Avg. Original LTV (1) : |
80.69% |
15.38% to 100.00% | |
|
|
| |
Wtd. Avg. Borrower FICO: |
639 |
500 to 808 | |
|
|
| |
Geographic Distribution (Top 5): |
CA |
44.14% |
|
|
FL |
12.12% |
|
|
IL |
5.64% |
|
|
NY |
5.50% |
|
|
AZ |
3.70 |
|
(1)The loan-to-value(“OLTV”) of a first-lien mortgage at any given time is a fraction, expressed as a percentage, the numerator of which is the principal balance of the mortgage loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan. The OLTV of a second lien mortgage loan at any given time is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such mortgage loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the mortgage loan.
DESCRIPTION OF THE GROUP III COLLATERAL |
Collateral Type | |||||||||
COLLATERAL TYPE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | |
Fixed Rate |
1,129 |
235,746,292.81 |
18.11 |
352 |
38.32 |
6.542 |
660 |
73.30 | |
2 Yr / 6 Month |
2,130 |
487,235,798.33 |
37.43 |
359 |
39.34 |
7.410 |
606 |
82.37 | |
3 Yr / 6 Month |
778 |
176,218,013.25 |
13.54 |
359 |
39.91 |
7.360 |
626 |
83.36 | |
2 Yr / 6 Month - 2 Yr IO |
1,041 |
306,745,651.54 |
23.56 |
359 |
41.16 |
6.700 |
668 |
82.01 | |
3 Yr / 6 Month - 3 Yr IO |
260 |
71,278,606.14 |
5.48 |
359 |
39.84 |
6.766 |
673 |
82.28 | |
Fixed Rate - 5 yr IO |
79 |
24,593,002.96 |
1.89 |
357 |
37.85 |
6.333 |
690 |
77.96 | |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 | |
| |||||||||
| |||||||||
Interest Only Term | |||||||||
INTEREST ONLY TERM (MOS) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | |
0 |
4,037 |
899,200,104.39 |
69.07 |
357 |
39.18 |
7.172 |
624 |
80.19 | |
24 |
1,041 |
306,745,651.54 |
23.56 |
359 |
41.16 |
6.700 |
668 |
82.01 | |
36 |
260 |
71,278,606.14 |
5.48 |
359 |
39.84 |
6.766 |
673 |
82.28 | |
60 |
79 |
24,593,002.96 |
1.89 |
357 |
37.85 |
6.333 |
690 |
77.96 | |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 | |
| |||||||||
| |||||||||
Principal Balances at Origination | |||||||||
RANGE OF PRINCIPAL BALANCES AT ORIGINATION ($) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF ORIGINATION |
% OF PRINCIPAL BALANCE ORIGINATION |
REMAINING TERM TO MATURITY (months)* |
DEBT-TO-INCOME (%)* |
GROSS COUPON (%)* |
FICO* |
OLTV (%)* | |
0.01 - 50,000.00 |
93 |
3,524,439.00 |
0.27 |
357 |
37.07 |
10.233 |
661 |
94.29 | |
50,000.01 - 100,000.00 |
934 |
71,360,091.00 |
5.48 |
352 |
36.31 |
8.235 |
607 |
80.16 | |
100,000.01 - 150,000.00 |
705 |
86,986,367.00 |
6.68 |
354 |
37.75 |
7.603 |
620 |
80.47 | |
150,000.01 - 200,000.00 |
980 |
170,454,617.00 |
13.08 |
358 |
39.24 |
7.288 |
634 |
82.49 | |
200,000.01 - 250,000.00 |
591 |
133,198,492.00 |
10.22 |
358 |
39.76 |
7.053 |
641 |
82.14 | |
250,000.01 - 300,000.00 |
476 |
131,099,594.00 |
10.06 |
358 |
41.02 |
7.032 |
643 |
82.38 | |
300,000.01 - 350,000.00 |
311 |
101,289,635.00 |
7.78 |
359 |
40.45 |
6.873 |
651 |
81.89 | |
350,000.01 - 400,000.00 |
446 |
168,345,983.00 |
12.92 |
358 |
40.64 |
6.866 |
639 |
79.86 | |
400,000.01 - 450,000.00 |
340 |
144,608,698.00 |
11.10 |
358 |
40.63 |
6.702 |
641 |
79.30 | |
450,000.01 - 500,000.00 |
225 |
107,288,666.00 |
8.24 |
358 |
39.97 |
6.732 |
649 |
79.68 | |
500,000.01 - 550,000.00 |
115 |
60,457,479.00 |
4.64 |
359 |
39.34 |
6.382 |
648 |
78.82 | |
550,000.01 - 600,000.00 |
112 |
64,538,824.00 |
4.95 |
358 |
38.38 |
6.570 |
647 |
79.88 | |
600,000.01 - 650,000.00 |
44 |
27,700,084.00 |
2.13 |
359 |
38.43 |
6.603 |
650 |
76.94 | |
650,000.01 - 700,000.00 |
21 |
14,195,904.00 |
1.09 |
359 |
39.49 |
6.923 |
611 |
74.82 | |
700,000.01 - 750,000.00 |
24 |
17,686,500.00 |
1.36 |
359 |
40.19 |
7.080 |
627 |
78.49 | |
Total: |
5,417 |
1,302,735,373.00 |
100.00 |
357 |
39.66 |
7.023 |
639 |
80.69 | |
*Based on the original balances of the Mortgage Loans.
DESCRIPTION OF THE GROUP III COLLATERAL |
Principal Balance as of the Cut-Off Date | ||||||||
RANGE OF PRINCIPAL BALANCES AS OF THE CUT-OFF DATE ($) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME |
GROSS COUPON |
FICO |
OLTV (%) |
0.01 - 50,000.00 |
95 |
3,622,308.88 |
0.28 |
357 |
36.69 |
10.162 |
661 |
94.05 |
50,000.01 - 100,000.00 |
932 |
71,188,785.53 |
5.47 |
352 |
36.33 |
8.237 |
607 |
80.15 |
100,000.01 - 150,000.00 |
708 |
87,366,317.27 |
6.71 |
354 |
37.74 |
7.609 |
620 |
80.52 |
150,000.01 - 200,000.00 |
977 |
169,893,628.83 |
13.05 |
358 |
39.25 |
7.285 |
634 |
82.47 |
200,000.01 - 250,000.00 |
591 |
133,115,209.81 |
10.23 |
358 |
39.76 |
7.053 |
641 |
82.14 |
250,000.01 - 300,000.00 |
476 |
131,010,911.93 |
10.06 |
358 |
41.02 |
7.032 |
643 |
82.39 |
300,000.01 - 350,000.00 |
312 |
101,580,752.70 |
7.80 |
359 |
40.47 |
6.870 |
651 |
81.90 |
350,000.01 - 400,000.00 |
445 |
167,881,181.90 |
12.90 |
358 |
40.63 |
6.868 |
639 |
79.85 |
400,000.01 - 450,000.00 |
340 |
144,505,266.95 |
11.10 |
358 |
40.63 |
6.702 |
641 |
79.31 |
450,000.01 - 500,000.00 |
225 |
107,210,833.01 |
8.24 |
358 |
39.97 |
6.733 |
649 |
79.69 |
500,000.01 - 550,000.00 |
116 |
60,964,359.89 |
4.68 |
359 |
39.39 |
6.374 |
648 |
78.84 |
550,000.01 - 600,000.00 |
111 |
63,944,639.69 |
4.91 |
358 |
38.32 |
6.580 |
647 |
79.88 |
600,000.01 - 650,000.00 |
44 |
27,678,169.89 |
2.13 |
359 |
38.43 |
6.603 |
650 |
76.94 |
650,000.01 - 700,000.00 |
21 |
14,181,318.53 |
1.09 |
359 |
39.50 |
6.923 |
611 |
74.83 |
700,000.01 - 750,000.00 |
24 |
17,673,680.22 |
1.36 |
359 |
40.20 |
7.080 |
627 |
78.49 |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 |
Remaining Term to Maturity | ||||||||
RANGE OF MONTHS REMAINING |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF |
% OF PRINCIPAL BALANCE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME |
GROSS COUPON |
FICO |
OLTV |
121 - 180 |
43 |
5,677,366.18 |
0.44 |
179 |
37.33 |
6.534 |
646 |
64.31 |
181 - 240 |
44 |
6,244,590.79 |
0.48 |
239 |
33.86 |
6.518 |
652 |
74.14 |
301 - 360 |
5,330 |
1,289,895,408.06 |
99.08 |
359 |
39.70 |
7.027 |
638 |
80.79 |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 |
DESCRIPTION OF THE GROUP III COLLATERAL |
Mortgage Rate | ||||||||
RANGE OF CURRENT MORTGAGE RATES (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
5.000 - 5.499 |
145 |
60,925,131.39 |
4.68 |
356 |
38.32 |
5.276 |
707 |
69.34 |
5.500 - 5.000 |
000 |
000,460,378.22 |
14.63 |
356 |
39.43 |
5.764 |
659 |
76.15 |
6.000 - 6.499 |
706 |
198,041,721.35 |
15.21 |
357 |
39.98 |
6.246 |
655 |
78.28 |
6.500 - 6.999 |
1,029 |
265,522,666.84 |
20.40 |
358 |
40.15 |
6.735 |
646 |
79.79 |
7.000 - 7.499 |
777 |
185,494,702.01 |
14.25 |
358 |
40.08 |
7.222 |
636 |
81.10 |
7.500 - 7.999 |
807 |
173,450,196.21 |
13.32 |
358 |
39.36 |
7.721 |
616 |
84.34 |
8.000 - 8.499 |
488 |
93,244,705.91 |
7.16 |
358 |
38.74 |
8.216 |
603 |
86.16 |
8.500 - 8.999 |
344 |
66,992,972.13 |
5.15 |
359 |
39.14 |
8.728 |
595 |
88.29 |
9.000 - 9.499 |
196 |
31,503,483.01 |
2.42 |
359 |
39.26 |
9.219 |
589 |
87.45 |
9.500 - 9.999 |
95 |
13,159,952.84 |
1.01 |
359 |
40.98 |
9.716 |
582 |
87.63 |
10.000 - 10.499 |
42 |
5,273,143.58 |
0.41 |
359 |
36.71 |
10.243 |
579 |
81.59 |
10.500 - 10.999 |
108 |
10,054,793.79 |
0.77 |
359 |
42.62 |
10.673 |
649 |
93.19 |
11.000 - 11.499 |
43 |
3,770,742.34 |
0.29 |
349 |
38.40 |
11.179 |
634 |
94.00 |
11.500 - 11.999 |
43 |
3,098,706.32 |
0.24 |
359 |
42.32 |
11.825 |
618 |
94.29 |
12.000 - 12.499 |
13 |
824,069.09 |
0.06 |
359 |
41.46 |
12.137 |
636 |
100.00 |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 |
Original Loan-to-Value Ratios | ||||||||
RANGE OF ORIGINAL LOAN-TO-VALUE RATIOS (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
<= 25.00 |
10 |
818,892.70 |
0.06 |
308 |
37.64 |
6.960 |
627 |
20.08 |
25.01 - 30.00 |
8 |
1,953,622.75 |
0.15 |
349 |
33.54 |
5.631 |
693 |
28.68 |
30.01 - 35.00 |
12 |
2,134,449.85 |
0.16 |
359 |
37.19 |
6.273 |
692 |
33.00 |
35.01 - 40.00 |
13 |
2,680,770.39 |
0.21 |
356 |
44.18 |
5.986 |
706 |
38.23 |
40.01 - 45.00 |
31 |
5,247,115.15 |
0.40 |
342 |
37.09 |
6.104 |
665 |
42.97 |
45.01 - 50.00 |
31 |
6,811,370.08 |
0.52 |
354 |
37.41 |
6.586 |
614 |
47.26 |
50.01 - 55.00 |
73 |
17,710,170.67 |
1.36 |
349 |
38.56 |
6.156 |
653 |
53.16 |
55.01 - 60.00 |
104 |
26,449,945.16 |
2.03 |
351 |
37.17 |
6.527 |
633 |
57.95 |
60.01 - 65.00 |
147 |
40,053,478.88 |
3.08 |
356 |
38.43 |
6.487 |
641 |
63.34 |
65.01 - 70.00 |
251 |
52,960,804.87 |
4.07 |
356 |
39.81 |
6.773 |
607 |
68.63 |
70.01 - 75.00 |
350 |
84,727,422.53 |
6.51 |
355 |
40.25 |
6.840 |
601 |
74.10 |
75.01 - 80.00 |
2,426 |
630,541,983.86 |
48.44 |
358 |
40.03 |
6.690 |
651 |
79.82 |
80.01 - 85.00 |
410 |
100,910,340.25 |
7.75 |
357 |
39.49 |
7.045 |
617 |
84.42 |
85.01 - 90.00 |
684 |
165,271,351.03 |
12.70 |
358 |
38.86 |
7.606 |
619 |
89.70 |
90.01 - 95.00 |
590 |
138,768,034.47 |
10.66 |
359 |
39.62 |
7.941 |
644 |
94.92 |
95.01 - 100.00 |
277 |
24,777,612.39 |
1.90 |
357 |
40.94 |
10.143 |
676 |
99.93 |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 |
|
FICO Score at Origination | ||||||||
RANGE OF FICO SCORES |
NUMBER OF MORTGAGE LOANS
|
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
500 - 519 |
164 |
28,506,148.64 |
2.19 |
358 |
41.71 |
8.148 |
509 |
77.28 |
520 - 539 |
289 |
59,472,236.82 |
4.57 |
358 |
40.75 |
7.769 |
530 |
77.27 |
540 - 559 |
363 |
76,904,210.65 |
5.91 |
357 |
39.59 |
7.803 |
551 |
79.06 |
560 - 579 |
328 |
69,849,227.65 |
5.37 |
358 |
40.37 |
7.634 |
569 |
79.46 |
580 - 599 |
375 |
88,353,612.67 |
6.79 |
357 |
37.57 |
7.312 |
589 |
80.16 |
600 - 619 |
547 |
122,916,761.19 |
9.44 |
357 |
39.13 |
7.092 |
609 |
82.72 |
620 - 639 |
943 |
225,501,564.12 |
17.32 |
358 |
40.10 |
7.021 |
628 |
81.97 |
640 - 659 |
661 |
162,367,162.36 |
12.47 |
357 |
40.15 |
6.918 |
650 |
81.31 |
660 - 679 |
513 |
137,523,925.23 |
10.56 |
358 |
39.59 |
6.766 |
669 |
81.41 |
680 - 699 |
478 |
126,080,213.82 |
9.68 |
357 |
40.33 |
6.606 |
688 |
81.98 |
700 - 719 |
275 |
70,526,966.74 |
5.42 |
358 |
38.91 |
6.642 |
709 |
82.08 |
720 - 739 |
228 |
59,383,269.75 |
4.56 |
358 |
39.06 |
6.644 |
729 |
80.49 |
740 - 759 |
111 |
30,305,607.72 |
2.33 |
355 |
38.92 |
6.301 |
748 |
77.37 |
760 - 779 |
89 |
26,818,437.34 |
2.06 |
356 |
38.03 |
6.255 |
769 |
74.75 |
780 - 799 |
45 |
14,692,303.27 |
1.13 |
358 |
38.31 |
6.174 |
788 |
72.73 |
800 - 819 |
8 |
2,615,717.06 |
0.20 |
354 |
39.25 |
5.674 |
805 |
59.63 |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 |
Debt-to-Income Ratio | ||||||||
RANGE OF DEBT-TO-INCOME RATIOS (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
<= 20.00 |
290 |
65,098,170.91 |
5.00 |
357 |
13.80 |
7.080 |
631 |
78.15 |
20.01 - 25.00 |
248 |
49,952,578.31 |
3.84 |
354 |
23.12 |
6.856 |
638 |
78.48 |
25.01 - 30.00 |
417 |
88,814,455.27 |
6.82 |
357 |
28.29 |
6.890 |
644 |
79.67 |
30.01 - 35.00 |
598 |
124,481,810.22 |
9.56 |
357 |
33.23 |
7.107 |
643 |
80.99 |
35.01 - 40.00 |
989 |
231,857,421.40 |
17.81 |
357 |
38.19 |
7.016 |
645 |
81.50 |
40.01 - 45.00 |
1,394 |
351,352,473.80 |
26.99 |
358 |
43.08 |
7.035 |
641 |
81.58 |
45.01 - 50.00 |
1,342 |
351,432,020.18 |
27.00 |
358 |
48.03 |
7.081 |
633 |
81.80 |
50.01 - 55.00 |
139 |
38,828,434.94 |
2.98 |
354 |
52.91 |
6.578 |
611 |
66.22 |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 |
DESCRIPTION OF THE GROUP III COLLATERAL |
Geographic Distribution | ||||||||
STATE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
California |
1,674 |
574,588,302.11 |
44.14 |
358 |
40.86 |
6.604 |
648 |
78.05 |
Florida |
796 |
157,817,759.59 |
12.12 |
358 |
39.20 |
7.308 |
634 |
83.57 |
Illinois |
354 |
73,386,407.75 |
5.64 |
358 |
40.09 |
7.526 |
641 |
84.14 |
New York |
206 |
71,539,709.17 |
5.50 |
358 |
39.56 |
6.844 |
646 |
79.61 |
Arizona |
305 |
48,223,307.92 |
3.70 |
356 |
35.85 |
7.325 |
630 |
83.77 |
Nevada |
176 |
39,489,954.27 |
3.03 |
358 |
38.14 |
7.241 |
640 |
83.09 |
Maryland |
135 |
35,114,517.34 |
2.70 |
357 |
38.07 |
7.264 |
618 |
81.44 |
New Jersey |
109 |
32,693,279.01 |
2.51 |
357 |
37.82 |
7.373 |
629 |
81.16 |
Massachusetts |
104 |
28,651,488.83 |
2.20 |
359 |
40.75 |
7.018 |
655 |
81.88 |
Texas |
190 |
28,074,117.15 |
2.16 |
352 |
37.28 |
7.619 |
620 |
83.38 |
Michigan |
229 |
27,666,764.17 |
2.13 |
358 |
36.83 |
7.789 |
606 |
84.40 |
Washington |
95 |
17,855,580.71 |
1.37 |
358 |
38.66 |
7.238 |
616 |
80.47 |
Georgia |
93 |
16,776,664.03 |
1.29 |
359 |
39.15 |
7.758 |
631 |
85.81 |
Minnesota |
71 |
14,753,380.35 |
1.13 |
359 |
41.81 |
7.583 |
623 |
81.14 |
Colorado |
73 |
14,316,827.60 |
1.10 |
359 |
39.33 |
6.962 |
632 |
83.05 |
Connecticut |
55 |
14,056,101.39 |
1.08 |
359 |
37.83 |
7.331 |
629 |
84.96 |
Hawaii |
35 |
12,792,102.07 |
0.98 |
357 |
38.40 |
6.463 |
670 |
79.40 |
Ohio |
92 |
10,845,659.76 |
0.83 |
356 |
36.71 |
7.745 |
599 |
84.39 |
Pennsylvania |
69 |
9,294,364.16 |
0.71 |
355 |
39.29 |
7.919 |
597 |
82.29 |
Utah |
44 |
7,676,730.71 |
0.59 |
359 |
37.88 |
7.304 |
639 |
86.22 |
Missouri |
68 |
7,234,508.41 |
0.56 |
356 |
35.00 |
8.188 |
586 |
83.91 |
North Carolina |
60 |
6,172,965.12 |
0.47 |
348 |
35.71 |
7.646 |
615 |
81.08 |
Tennessee |
45 |
5,284,628.48 |
0.41 |
351 |
35.44 |
7.906 |
594 |
87.21 |
Wisconsin |
39 |
5,176,189.23 |
0.40 |
359 |
40.21 |
8.471 |
597 |
84.35 |
Louisiana |
32 |
4,214,766.04 |
0.32 |
345 |
40.43 |
7.404 |
613 |
81.15 |
Oregon |
20 |
3,852,328.48 |
0.30 |
359 |
38.83 |
7.099 |
637 |
79.71 |
Rhode Island |
13 |
3,092,424.52 |
0.24 |
359 |
40.81 |
7.235 |
642 |
82.79 |
Kentucky |
25 |
3,016,750.36 |
0.23 |
356 |
38.46 |
7.493 |
624 |
84.78 |
New Mexico |
13 |
2,514,360.45 |
0.19 |
359 |
38.56 |
8.368 |
609 |
83.26 |
Alabama |
18 |
2,458,016.72 |
0.19 |
359 |
42.91 |
8.452 |
600 |
85.66 |
Indiana |
22 |
2,225,073.09 |
0.17 |
359 |
37.28 |
8.368 |
583 |
84.85 |
Delaware |
10 |
2,213,822.08 |
0.17 |
353 |
41.90 |
7.265 |
622 |
80.51 |
Oklahoma |
18 |
2,135,468.27 |
0.16 |
359 |
40.09 |
8.266 |
617 |
90.75 |
Mississippi |
15 |
2,034,928.83 |
0.16 |
359 |
41.12 |
8.104 |
581 |
86.80 |
Alaska |
7 |
1,809,940.10 |
0.14 |
358 |
44.22 |
6.946 |
644 |
81.66 |
New Hampshire |
12 |
1,695,917.36 |
0.13 |
359 |
40.26 |
7.249 |
637 |
72.52 |
South Carolina |
20 |
1,692,896.53 |
0.13 |
357 |
35.97 |
7.462 |
591 |
78.65 |
Iowa |
16 |
1,608,427.84 |
0.12 |
359 |
35.60 |
7.709 |
607 |
81.74 |
Nebraska |
13 |
1,310,186.98 |
0.10 |
359 |
41.01 |
7.876 |
635 |
80.31 |
Maine |
6 |
1,253,986.17 |
0.10 |
358 |
48.38 |
7.411 |
568 |
80.36 |
Arkansas |
10 |
1,226,582.08 |
0.09 |
358 |
40.53 |
7.873 |
603 |
88.00 |
Wyoming |
9 |
1,125,172.66 |
0.09 |
359 |
28.18 |
7.582 |
601 |
71.86 |
Kansas |
9 |
1,016,311.43 |
0.08 |
346 |
40.75 |
7.664 |
625 |
83.37 |
Idaho |
7 |
749,089.38 |
0.06 |
359 |
31.91 |
7.389 |
621 |
81.42 |
Vermont |
1 |
629,655.87 |
0.05 |
359 |
32.00 |
9.000 |
588 |
48.46 |
South Dakota |
1 |
196,000.00 |
0.02 |
360 |
40.00 |
9.175 |
535 |
80.00 |
North Dakota |
2 |
175,458.10 |
0.01 |
359 |
47.16 |
7.081 |
628 |
80.00 |
Montana |
1 |
88,492.36 |
0.01 |
359 |
35.00 |
8.150 |
553 |
77.00 |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 |
DESCRIPTION OF THE GROUP III COLLATERAL |
Occupancy Status | ||||||||
OCCUPANCY STATUS* |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Owner Occupied |
5,186 |
1,266,564,958.61 |
97.29 |
358 |
39.90 |
7.000 |
638 |
80.66 |
Non-Owner Occupied |
206 |
29,595,285.14 |
2.27 |
355 |
29.35 |
8.010 |
646 |
82.32 |
Second Home |
25 |
5,657,121.28 |
0.43 |
355 |
39.67 |
6.875 |
652 |
77.41 |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 |
*Based on mortgagor representation at origination.
Documentation Type | ||||||||
INCOME DOCUMENTATION |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Full Documentation |
2,509 |
568,393,894.96 |
43.66 |
356 |
38.75 |
6.613 |
630 |
78.34 |
Limited Documentation |
420 |
106,340,624.90 |
8.17 |
358 |
34.94 |
7.058 |
617 |
81.62 |
Stated Documentation |
2,488 |
627,082,845.17 |
48.17 |
358 |
41.28 |
7.388 |
650 |
82.65 |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 |
Loan Purpose | ||||||||
PURPOSE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Refinance-Debt Consolidation Cash Out** |
1,867 |
470,044,013.33 |
36.11 |
356 |
39.23 |
6.850 |
616 |
76.04 |
Purchase |
3,305 |
782,326,095.03 |
60.09 |
359 |
40.06 |
7.159 |
651 |
83.93 |
Refinance-Debt Consolidation No Cash Out*** |
245 |
49,447,256.67 |
3.80 |
350 |
37.45 |
6.508 |
655 |
73.48 |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 |
** Cash proceeds to the borrower inclusive of debt consolidation payments exceed 2% or $2,000 of the original principal balance of the related loan. Also includes all home equity loans originated in Texas with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation payments do not exceed 2% or $2,000 of the original principal balance of the related loan. Excludes home equity loans originated in Texas with any cash proceeds.
DESCRIPTION OF THE GROUP III COLLATERAL |
Credit Grade | ||||||||
RISK CATEGORY* |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
I |
4,477 |
1,093,288,306.37 |
83.98 |
358 |
39.83 |
6.916 |
650 |
81.35 |
II |
279 |
65,885,327.68 |
5.06 |
357 |
39.75 |
7.371 |
590 |
79.34 |
III |
264 |
58,820,051.76 |
4.52 |
358 |
36.68 |
7.404 |
583 |
80.28 |
IV |
215 |
45,213,016.47 |
3.47 |
358 |
39.46 |
7.652 |
571 |
76.83 |
V |
141 |
30,244,556.48 |
2.32 |
356 |
39.50 |
7.699 |
563 |
70.38 |
VI |
41 |
8,366,106.27 |
0.64 |
359 |
39.11 |
9.752 |
556 |
65.46 |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 |
* Letters correspond to risk categories of Olympus Mortgage Company and numerals correspond to risk categories of Argent Mortgage Company, LLC.
Property Type | ||||||||
PROPERTY TYPE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Single Family Residence |
3,590 |
890,554,996.78 |
68.41 |
357 |
39.81 |
6.965 |
635 |
80.43 |
PUD |
734 |
194,789,453.27 |
14.96 |
358 |
39.66 |
7.040 |
645 |
81.91 |
2-4 Family |
340 |
88,864,618.55 |
6.83 |
358 |
39.89 |
7.151 |
661 |
81.52 |
Condominium |
366 |
81,652,579.36 |
6.27 |
359 |
39.73 |
7.182 |
655 |
82.38 |
Manufactured/Mobile Home |
360 |
39,996,402.03 |
3.07 |
358 |
35.47 |
7.647 |
607 |
75.50 |
PUD Attached |
22 |
4,926,926.14 |
0.38 |
359 |
40.48 |
6.896 |
624 |
79.68 |
Single Family Attached |
5 |
1,032,388.90 |
0.08 |
358 |
42.05 |
6.529 |
654 |
75.74 |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 |
Prepayment Charge Term | ||||||||
PREPAYMENT CHARGE TERM AT ORIGINATION (MONTHS) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
No Prepayment Penalty |
1,549 |
343,391,554.93 |
26.38 |
358 |
39.02 |
7.536 |
639 |
82.96 |
12 |
236 |
69,838,438.96 |
5.36 |
358 |
39.65 |
7.033 |
639 |
78.74 |
24 |
1,879 |
464,401,886.51 |
35.67 |
359 |
40.38 |
7.049 |
633 |
82.04 |
36 |
1,753 |
424,185,484.63 |
32.58 |
356 |
39.39 |
6.577 |
644 |
77.69 |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 |
Conforming Balances | ||||||||
CONFORMING BALANCE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
Conforming Balance |
4,162 |
732,463,340.55 |
56.26 |
357 |
39.40 |
7.253 |
636 |
81.81 |
Non-Conforming Balance |
1,255 |
569,354,024.48 |
43.74 |
358 |
39.99 |
6.727 |
642 |
79.24 |
Total: |
5,417 |
1,301,817,365.03 |
100.00 |
358 |
39.66 |
7.023 |
639 |
80.69 |
DESCRIPTION OF THE GROUP III COLLATERAL |
Maximum Mortgage Rates of the Adjustable-Rate Loans | ||||||||
RANGE OF MAXIMUM MORTGAGE RATES (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
11.000 - 11.499 |
64 |
22,609,645.46 |
2.17 |
358 |
40.62 |
5.337 |
666 |
80.30 |
11.500 - 11.999 |
343 |
110,034,072.07 |
10.57 |
358 |
39.75 |
5.785 |
652 |
79.46 |
12.000 - 12.499 |
514 |
150,911,251.75 |
14.49 |
359 |
40.34 |
6.253 |
657 |
79.86 |
12.500 - 12.999 |
834 |
226,855,384.92 |
21.78 |
359 |
40.65 |
6.740 |
648 |
80.59 |
13.000 - 13.499 |
684 |
168,774,991.43 |
16.21 |
359 |
40.30 |
7.226 |
636 |
81.59 |
13.500 - 13.999 |
716 |
161,879,009.29 |
15.54 |
359 |
39.64 |
7.722 |
616 |
85.06 |
14.000 - 14.499 |
444 |
87,141,818.17 |
8.37 |
359 |
38.80 |
8.219 |
602 |
86.51 |
14.500 - 14.999 |
326 |
65,131,805.66 |
6.25 |
359 |
39.24 |
8.727 |
594 |
88.53 |
15.000 - 15.499 |
160 |
28,209,838.93 |
2.71 |
359 |
39.29 |
9.220 |
581 |
87.20 |
15.500 - 15.999 |
76 |
11,741,168.44 |
1.13 |
359 |
41.01 |
9.720 |
574 |
87.34 |
16.000 - 16.499 |
24 |
4,249,926.97 |
0.41 |
359 |
36.97 |
10.224 |
558 |
77.22 |
16.500 - 16.999 |
16 |
2,772,361.01 |
0.27 |
359 |
43.77 |
10.640 |
539 |
77.93 |
17.000 - 17.499 |
3 |
645,929.43 |
0.06 |
360 |
28.22 |
11.158 |
530 |
65.12 |
17.500 - 17.999 |
5 |
520,865.73 |
0.05 |
360 |
38.07 |
11.736 |
515 |
66.24 |
Total: |
4,209 |
1,041,478,069.26 |
100.00 |
359 |
40.00 |
7.148 |
632 |
82.42 |
Minimum Mortgage Rates of the Adjustable-Rate Loans | ||||||||||||
RANGE OF MINIMUM MORTGAGE RATES (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | ||||
5.000 - 5.499 |
64 |
22,609,645.46 |
2.17 |
358 |
40.62 |
5.337 |
666 |
80.30 | ||||
5.500 - 5.999 |
343 |
110,034,072.07 |
10.57 |
358 |
39.75 |
5.785 |
652 |
79.46 | ||||
6.000 - 6.499 |
514 |
150,911,251.75 |
14.49 |
359 |
40.34 |
6.253 |
657 |
79.86 | ||||
6.500 - 6.999 |
834 |
226,855,384.92 |
21.78 |
359 |
40.65 |
6.740 |
648 |
80.59 | ||||
7.000 - 7.499 |
684 |
168,774,991.43 |
16.21 |
359 |
40.30 |
7.226 |
636 |
81.59 | ||||
7.500 - 7.999 |
716 |
161,879,009.29 |
15.54 |
359 |
39.64 |
7.722 |
616 |
85.06 | ||||
8.000 - 8.499 |
444 |
87,141,818.17 |
8.37 |
359 |
38.80 |
8.219 |
602 |
86.51 | ||||
8.500 - 8.999 |
326 |
65,131,805.66 |
6.25 |
359 |
39.24 |
8.727 |
594 |
88.53 | ||||
9.000 - 9.499 |
160 |
28,209,838.93 |
2.71 |
359 |
39.29 |
9.220 |
581 |
87.20 | ||||
9.500 - 9.999 |
76 |
11,741,168.44 |
1.13 |
359 |
41.01 |
9.720 |
574 |
87.34 | ||||
10.000 - 10.499 |
24 |
4,249,926.97 |
0.41 |
359 |
36.97 |
10.224 |
558 |
77.22 | ||||
10.500 - 10.999 |
16 |
2,772,361.01 |
0.27 |
359 |
43.77 |
10.640 |
539 |
77.93 | ||||
11.000 - 11.499 |
3 |
645,929.43 |
0.06 |
360 |
28.22 |
11.158 |
530 |
65.12 | ||||
11.500 - 11.999 |
5 |
520,865.73 |
0.05 |
360 |
38.07 |
11.736 |
515 |
66.24 | ||||
Total: |
4,209 |
1,041,478,069.26 |
100.00 |
359 |
40.00 |
7.148 |
632 |
82.42 | ||||
Gross Margins of the Adjustable-Rate Loans | ||||||||||||
RANGE OF GROSS MARGINS (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | ||||
4.000 - 4.249 |
384 |
89,726,260.32 |
8.62 |
359 |
40.20 |
7.384 |
644 |
83.87 | ||||
4.500 - 4.749 |
5 |
1,172,027.82 |
0.11 |
359 |
41.71 |
7.487 |
642 |
82.22 | ||||
5.000 - 5.249 |
7 |
1,801,122.73 |
0.17 |
357 |
44.70 |
6.658 |
628 |
78.77 | ||||
6.000 - 6.249 |
3,813 |
948,778,658.39 |
91.10 |
359 |
39.97 |
7.126 |
631 |
82.29 | ||||
Total: |
4,209 |
1,041,478,069.26 |
100.00 |
359 |
40.00 |
7.148 |
632 |
82.42 | ||||
DESCRIPTION OF THE GROUP III COLLATERAL |
Next Adjustment Date of the Adjustable-Rate Loans | ||||||||||||
NEXT ADJUSTMENT DATE |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) | ||||
October 2006 |
1 |
135,186.12 |
0.01 |
353 |
44.00 |
7.400 |
635 |
80.00 | ||||
November 2006 |
2 |
218,976.82 |
0.02 |
354 |
39.05 |
7.486 |
635 |
80.00 | ||||
December 2006 |
2 |
125,073.36 |
0.01 |
355 |
48.49 |
8.690 |
522 |
67.54 | ||||
January 2007 |
23 |
4,782,830.33 |
0.46 |
356 |
38.42 |
7.163 |
632 |
78.70 | ||||
February 2007 |
50 |
7,654,806.10 |
0.73 |
357 |
41.11 |
7.103 |
589 |
76.47 | ||||
March 2007 |
240 |
61,491,623.22 |
5.90 |
358 |
40.06 |
7.007 |
632 |
81.85 | ||||
April 2007 |
1,966 |
513,442,016.40 |
49.30 |
359 |
40.26 |
7.115 |
631 |
82.39 | ||||
May 2007 |
201 |
48,280,162.31 |
4.64 |
359 |
37.93 |
7.492 |
626 |
81.92 | ||||
June 2007 |
686 |
157,850,775.21 |
15.16 |
359 |
39.94 |
7.143 |
631 |
82.36 | ||||
December 2007 |
2 |
369,942.65 |
0.04 |
355 |
41.30 |
6.664 |
608 |
81.21 | ||||
January 2008 |
10 |
1,926,706.19 |
0.18 |
356 |
38.62 |
6.746 |
656 |
80.02 | ||||
February 2008 |
11 |
1,384,552.01 |
0.13 |
357 |
38.71 |
7.257 |
621 |
76.11 | ||||
March 2008 |
51 |
12,463,638.59 |
1.20 |
358 |
38.57 |
7.163 |
640 |
84.33 | ||||
April 2008 |
646 |
168,362,597.87 |
16.17 |
359 |
40.04 |
7.163 |
639 |
82.97 | ||||
May 2008 |
65 |
11,791,777.19 |
1.13 |
359 |
39.36 |
7.756 |
642 |
82.90 | ||||
June 2008 |
253 |
51,197,404.89 |
4.92 |
358 |
39.90 |
7.169 |
641 |
83.33 | ||||
Total: |
4,209 |
1,041,478,069.26 |
100.00 |
359 |
40.00 |
7.148 |
632 |
82.42 | ||||
Initial Periodic Cap of the Adjustable-Rate Loans | ||||||||
INITIAL PERIODIC CAP (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
2.000 |
4,209 |
1,041,478,069.26 |
100.00 |
359 |
40.00 |
7.148 |
632 |
82.42 |
Total: |
4,209 |
1,041,478,069.26 |
100.00 |
359 |
40.00 |
7.148 |
632 |
82.42 |
Periodic Cap of the Adjustable-Rate Loans | ||||||||
PERIODIC CAP (%) |
NUMBER OF MORTGAGE LOANS |
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
% OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE |
REMAINING TERM TO MATURITY (months) |
DEBT-TO-INCOME (%) |
GROSS COUPON (%) |
FICO |
OLTV (%) |
1.000 |
4,209 |
1,041,478,069.26 |
100.00 |
359 |
40.00 |
7.148 |
632 |
82.42 |
Total: |
4,209 |
1,041,478,069.26 |
100.00 |
359 |
40.00 |
7.148 |
632 |
82.42 |