EXHIBIT 99.1
The mortgage loans delivered to the Trust (the "Mortgage Loans") consist of
conventional, one-to four- family, adjustable-rate and fixed-rate mortgage
loans. The Depositor purchased the Mortgage Loans from the Seller pursuant to
the Mortgage Loan Purchase Agreement, dated September 10, 2004 (the "Mortgage
Loan Purchase Agreement"), between the Seller and the Depositor. Pursuant to
the Pooling and Servicing Agreement, dated September 1, 2004 (the "Pooling and
Servicing Agreement"), among the Depositor, the Master Servicer and the Trustee,
the Depositor caused the Mortgage Loans to be assigned to the Trustee for the
benefit of the certificateholders.
The Mortgage Loans are secured by mortgages or deeds of trust or other
similar security instruments creating first liens and second liens on
residential properties (the "Mortgaged Properties") consisting of attached,
detached or semi-detached one-to four-family dwelling units, individual
condominium units or individual units in planned unit developments and
manufactured housing. The Mortgage Loans have original terms to maturity of not
greater than 30 years from the date on which the first payment was due on each
Mortgage Loan. Approximately 0.50% of the Group I Mortgage Loans and
approximately 0.44% of the Group II Mortgage Loans are secured by second liens.
Each adjustable-rate Mortgage Loan will accrue interest at the
adjustable-rate calculated as specified under the terms of the related mortgage
note and each fixed-rate Mortgage Loan will have a Mortgage Rate that is fixed
for the life of such Mortgage (each such rate, a "Mortgage Rate").
Approximately 52.24%, 3.29%, 42.42% and 2.04%of the Mortgage Loans, in each
case, by aggregate scheduled principal balance as of the Cut-off Date, were
originated or acquired by the Seller, the Seller's retail lending affiliate Town
& Country Credit Corporation ("Town & Country" and together with the Seller (in
its capacity as an originator, the "Retail Originators") and the Seller's
wholesale lending affiliates, Argent Mortgage Company, LLC ("Argent") and
Olympus Mortgage Company ("Olympus" and together with Argent, the "Wholesale
Originators"), respectively. The Retail Originators and the Wholesale
Originators are also referred to herein as the "Originators."
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 90.88% of the
adjustable-rate Group I Mortgage Loans and approximately 86.01% of the
adjustable-rate Group II Mortgage Loans will occur after an initial period of
two years after origination, and the first adjustment for approximately 9.12% of
the adjustable-rate Group I Mortgage Loans and approximately 13.99% of the
adjustable-rate Group II Mortgage Loans will occur after an initial period of
three years after origination. On each Adjustment Date for each adjustable-rate
Mortgage Loan, the Mortgage Rate thereon will be adjusted (subject to rounding)
to equal the sum of the applicable Index (as defined below) and a fixed
percentage amount (the "Gross Margin"). The Mortgage Rate on each
adjustable-rate Mortgage Loan will not decrease on the first related Adjustment
Date, will not increase by more than 2% per annum on the first related
Adjustment Date (the "Initial Periodic Rate Cap") and will not increase or
decrease by more than 1% per annum on any Adjustment Date thereafter (the
"Periodic Rate Cap"). Each Mortgage Rate on each adjustable-rate Mortgage Loan
will not exceed a specified maximum Mortgage Rate over the life of such Mortgage
Loan (the "Maximum Mortgage Rate") or be less than a specified minimum Mortgage
Rate over the life of such Mortgage Loan (the "Minimum Mortgage Rate").
Effective with the first monthly payment due on each adjustable-rate Mortgage
Loan after each related Adjustment Date, the monthly payment amount will be
adjusted to an amount that will amortize fully the outstanding principal balance
of the related Mortgage Loan over its remaining term, and pay interest at the
Mortgage Rate as so adjusted. Due to the application of the Periodic Rate Caps
and the Maximum Mortgage Rates, the Mortgage Rate on each such adjustable-rate
Mortgage Loan, as adjusted on any related Adjustment Date, may be less than the
sum of the Index and the related Gross Margin, rounded as described herein.
None of the adjustable-rate Mortgage Loans permits the related mortgagor to
convert the adjustable Mortgage Rate thereon to a fixed Mortgage Rate.
The Mortgage Loans have scheduled monthly payments due on the first day of
the month (with respect to each Mortgage Loan, a "Due Date"). Each Mortgage
Loan contains a customary "due-on-sale" clause which provides that (subject to
state and federal restrictions) the Mortgage Loan must be repaid at the time of
sale of the related mortgaged property or with the consent of the holder of the
mortgage note assumed by a creditworthy purchaser of the related mortgaged
property.
None of the Mortgage Loans will be buydown mortgage loans.
For purposes of calculating interest and principal distributions on the
Class A Certificates, the Mortgage Loans will be divided into two loan groups,
designated as the "Group I Mortgage Loans" and the "Group II Mortgage Loans."
The Group I Mortgage Loans will consist of adjustable-rate and fixed-rate
mortgage loans with principal balances at origination that conform to Freddie
Mac and Xxxxxx Xxx loan limits and the Group II Mortgage Loans will consist of
adjustable-rate and fixed-rate mortgage loans with principal balances at
origination that may or may not conform to Freddie Mac or Xxxxxx Xxx loan
limits.
Approximately 67.61% of the Group I Mortgage Loans and approximately 69.42%
of the Group II Mortgage Loans, in each case by aggregate scheduled principal
balances of the related loan group as of the Cut-off Date, provide for payment
by the mortgagor of a prepayment charge on certain principal prepayments,
subject to certain limitations in the related mortgage note and limitations upon
collection in the Pooling and Servicing Agreement. Generally, each such
Mortgage Loan provides for payment of a prepayment charge on certain prepayments
made within a defined period set forth in the related Mortgage Note (generally
within the first three years but possibly as short as one year from the date of
origination of such Mortgage Loan). The amount of the prepayment charge is as
provided in the related Mortgage Note. The holders of the Class P Certificates
will be entitled to all prepayment charges received on the Mortgage Loans in
each loan group, and such amounts will not be available for distribution on the
other classes of Certificates. Under certain instances, as described under the
terms of the Pooling and Servicing Agreement, the Master Servicer may waive the
payment of any otherwise applicable prepayment charge. Investors should conduct
their own analysis of the effect, if any, that the prepayment charges, and
decisions by the Master Servicer with respect to the waiver thereof, may have on
the prepayment performance of the Mortgage Loans. The Depositor makes no
representation as to the effect that the prepayment charges, and decisions by
the Master Servicer with respect to the waiver thereof, may have on the
prepayment performance of the Mortgage Loans.
MORTGAGE LOAN STATISTICS
The Mortgage Loans consist of 11,016 adjustable-rate and fixed-rate
Mortgage Loans having an aggregate principal balance as of the Cut-off Date of
approximately $1,799,999,495.70 after application of scheduled payments due on
or before the Cut-off Date whether or not received and application of all
unscheduled payments of principal received prior to the Cut-off Date. None of
the Mortgage Loans had a first Due Date prior to February 1, 2004 or after
November 1, 2004, or will have a remaining term to stated maturity of less than
113 months or greater than 360 months as of the Cut-off Date. The latest
maturity date of any Mortgage Loan is October 1, 2034.
COLLATERAL TYPE
----------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
COLLATERAL TYPE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------
2-yr Fixed/Adjustable
Rate 7,962 1,329,893,173.70 73.88 357 40.20 7.583 591 79.17
3-yr Fixed/Adjustable
Rate 811 149,959,011.15 8.33 358 38.94 7.385 612 84.92
1st TD Fixed 2,037 311,423,225.03 17.30 341 39.06 7.126 644 76.34
2nd TD Fixed 206 8,724,085.82 0.48 349 37.20 10.827 659 99.67
================================================================================================================
TOTAL: 11,016 1,799,999,495.70 100 354 39.88 7.503 602 79.26
----------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
-------------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL % OF REMAINING DEBT-
PRINCIPAL NUMBER OF BALANCE PRINCIPAL TERM TO TO- MORTGAGE
BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES FICO
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (MONTHS)* (%)* (%)* * OLTV (%)*
-------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 256 9,400,742.00 0.52 341 36.28 9.984 617 81.70
50,000.01 - 100,000.00 3,326 255,737,247.00 14.19 345 37.83 8.377 590 76.94
100,000.01 - 150,000.00 2,750 341,046,645.00 18.92 352 39.18 7.671 595 79.47
150,000.01 - 200,000.00 1,748 304,375,764.00 16.89 355 39.86 7.521 595 79.39
200,000.01 - 250,000.00 1,052 235,671,217.00 13.07 356 40.28 7.250 600 78.65
250,000.01 - 300,000.00 714 194,732,625.00 10.80 358 41.34 7.173 605 78.18
300,000.01 - 350,000.00 444 144,043,109.00 7.99 358 40.99 7.170 614 81.16
350,000.01 - 400,000.00 309 115,856,817.00 6.43 358 40.97 7.157 616 82.42
400,000.01 - 450,000.00 162 68,598,502.00 3.81 358 41.68 7.170 618 81.55
450,000.01 - 500,000.00 148 71,017,786.00 3.94 357 41.02 7.006 624 81.01
500,000.01 - 550,000.00 50 26,412,534.00 1.47 359 38.22 7.058 604 78.52
550,000.01 - 600,000.00 34 19,845,165.00 1.10 359 41.55 6.932 616 77.89
600,000.01 - 650,000.00 6 3,731,950.00 0.21 328 35.01 7.005 609 90.27
650,000.01 - 700,000.00 5 3,325,799.00 0.18 359 33.82 6.279 695 74.16
700,000.01 - 750,000.00 12 8,824,160.00 0.49 359 38.56 6.300 636 68.59
===================================================================================================================
TOTAL: 11,016 1,802,620,062.00 100 354 39.88 7.503 602 79.26
-------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
-------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
-------------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL % OF REMAINING DEBT-
PRINCIPAL NUMBER OF BALANCE PRINCIPAL TERM TO TO- MORTGAGE
BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES FICO
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (MONTHS)* (%)* (%)* * OLTV (%)*
-------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 263 9,688,735.74 0.54 341 36.16 9.953 616 81.32
50,000.01 - 100,000.00 3,327 255,760,223.86 14.21 345 37.85 8.373 590 76.96
100,000.01 - 150,000.00 2,751 341,073,738.40 18.95 352 39.18 7.672 595 79.52
150,000.01 - 200,000.00 1,741 303,024,519.02 16.83 355 39.86 7.520 595 79.33
200,000.01 - 250,000.00 1,053 235,705,949.16 13.09 356 40.28 7.252 600 78.69
250,000.01 - 300,000.00 711 193,730,123.22 10.76 358 41.36 7.174 605 78.16
300,000.01 - 350,000.00 448 145,250,841.00 8.07 358 41.02 7.169 614 81.22
350,000.01 - 400,000.00 305 114,292,410.93 6.35 358 40.93 7.160 616 82.36
400,000.01 - 450,000.00 163 68,963,668.10 3.83 358 41.67 7.164 618 81.60
450,000.01 - 500,000.00 147 70,458,183.10 3.91 357 41.03 7.012 624 80.96
500,000.01 - 550,000.00 50 26,362,062.22 1.46 359 38.23 7.057 604 78.53
550,000.01 - 600,000.00 34 19,826,505.68 1.10 359 41.55 6.932 616 77.89
600,000.01 - 650,000.00 6 3,727,340.47 0.21 328 35.02 7.005 609 90.27
650,000.01 - 700,000.00 5 3,322,645.28 0.18 359 33.82 6.279 695 74.16
700,000.01 - 750,000.00 12 8,812,549.52 0.49 359 38.56 6.300 636 68.59
===================================================================================================================
TOTAL: 11,016 1,799,999,495.70 100 354 39.88 7.503 602 79.26
-------------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY
-----------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE % OF PRINCIPAL REMAINING DEBT-
RANGE OF NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
MONTHS MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
REMAINING LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------
60-120 30 2,484,487.42 0.14 118 32.43 7.735 655 67.90
120 - 180 252 24,027,779.22 1.33 178 35.44 7.516 627 72.56
181 - 240 217 22,245,195.96 1.24 238 37.13 7.533 626 76.78
240 - 300 34 4,465,107.59 0.25 298 39.31 7.440 655 81.53
300 - 360 10,483 1,746,776,925.51 97.04 358 39.99 7.503 601 79.39
-----------------------------------------------------------------------------------------------------
TOTAL: 11,016 1,799,999,495.70 100.00 354 39.88 7.503 602 79.26
-----------------------------------------------------------------------------------------------------
MORTGAGE RATE
------------------------------------------------------------------------------------------------------------
PRINCIPAL
RANGE OF BALANCE % OF PRINCIPAL REMAINING DEBT-
CURRENT NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
MORTGAGE RATES MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
(%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------
5.500 - 5.999 638 151,481,012.13 8.42 354 38.91 5.812 661 74.10
6.000 - 6.499 1,011 214,089,796.31 11.89 352 39.07 6.246 640 77.96
6.500 - 6.999 1,968 381,042,292.26 21.17 354 39.66 6.757 618 79.31
7.000 - 7.499 1,260 216,698,300.02 12.04 355 39.78 7.246 601 80.90
7.500 - 7.999 2,097 337,114,985.58 18.73 355 40.19 7.755 585 80.32
8.000 - 8.499 956 136,246,492.01 7.57 355 39.82 8.233 577 82.06
8.500 - 8.999 1,316 179,415,831.77 9.97 354 40.86 8.735 566 79.97
9.000 - 9.499 451 53,062,414.05 2.95 355 39.87 9.239 566 80.28
9.500 - 9.999 595 67,271,898.76 3.74 355 40.77 9.735 555 77.08
10.000 - 10.499 174 15,830,808.06 0.88 346 42.10 10.239 555 76.65
10.500 - 10.999 283 26,980,660.69 1.50 352 42.16 10.759 553 77.23
11.000 - 11.499 118 9,359,246.74 0.52 355 42.65 11.272 570 78.85
11.500 - 11.999 83 7,165,010.88 0.40 352 36.79 11.713 570 79.36
12.000 - 12.499 38 2,213,424.02 0.12 356 39.41 12.241 601 89.13
12.500 - 12.999 24 1,780,170.53 0.10 355 43.96 12.680 537 73.34
13.000 - 13.499 2 123,051.13 0.01 359 25.85 13.099 539 67.08
13.500 - 13.999 1 46,114.17 00.00 356 39.00 13.800 601 65.00
14.000 - 14.499 1 77,986.59 00.00 359 47.00 14.250 529 65.00
------------------------------------------------------------------------------------------------------------
TOTAL: 11,016 1,799,999,495.70 100.00 354 39.88 7.503 602 79.26
------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
--------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
RANGE OF BALANCE BALANCE REMAINING
ORIGINAL LOAN- NUMBER OF AS OF AS OF TERM TO DEBT-TO- MORTGAGE
TO-VALUE MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
RATIOS (%) LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------
<= 25.00 42 3,294,401.12 0.18 325 36.21 7.749 605 20.29
25.01 - 30.00 32 2,718,609.78 0.15 343 35.44 7.725 602 27.97
30.01 - 35.00 57 6,879,269.39 0.38 352 33.70 7.331 617 32.87
35.01 - 40.00 75 8,308,516.81 0.46 344 38.44 7.526 604 37.84
40.01 - 45.00 99 14,020,657.66 0.78 349 40.65 7.374 598 42.84
45.01 - 50.00 155 24,255,723.98 1.35 351 39.70 7.256 597 47.83
50.01 - 55.00 201 32,082,608.15 1.78 352 38.66 7.258 589 52.95
60.01 - 65.00 508 80,079,871.67 4.45 353 39.85 7.405 586 63.20
65.01 - 70.00 702 118,205,896.07 6.57 353 39.92 7.390 588 68.20
70.01 - 75.00 1,609 252,082,951.15 14.00 355 40.94 7.745 569 73.81
75.01 - 80.00 2,219 370,624,122.75 20.59 354 39.19 7.241 604 79.11
80.01 - 85.00 1,378 236,302,333.04 13.13 354 40.37 7.730 595 83.89
85.01 - 90.00 2,148 364,902,484.56 20.27 355 40.08 7.429 615 89.33
90.01 - 95.00 1,026 191,480,821.13 10.64 357 39.78 7.527 640 94.68
95.01 - 100.00 360 34,383,863.31 1.91 354 39.31 8.640 656 98.87
========================================================================================================
TOTAL: 11,016 1,799,999,495.70 100.00 354 39.88 7.503 602 79.26
--------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE BALANCE REMAINING
NUMBER OF AS OF AS OF TERM TO DEBT-TO- MORTGAGE
RANGE OF FICO MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
SCORES LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------
500 - 519 832 119,914,377.10 6.66 356 42.47 8.567 509 71.51
520 - 539 1,274 184,767,844.70 10.26 357 41.95 8.501 529 75.13
540 - 559 1,418 216,320,498.75 12.02 355 40.66 7.944 551 76.57
560 - 579 1,337 214,114,839.75 11.90 355 39.83 7.699 569 78.10
580 - 599 1,037 176,047,218.56 9.78 355 39.71 7.488 589 79.62
600 - 619 1,225 203,939,092.03 11.33 354 38.70 7.387 609 81.72
620 - 639 1,224 206,201,317.20 11.46 355 39.40 7.057 629 81.91
640 - 659 911 161,403,585.94 8.97 353 39.15 6.935 649 82.03
660 - 679 598 104,410,386.05 5.80 352 39.26 6.838 668 82.94
680 - 699 510 92,107,588.59 5.12 350 39.24 6.806 689 83.24
700 - 719 287 55,861,907.14 3.10 351 38.34 6.714 708 83.43
720 - 739 154 27,452,879.72 1.53 348 37.57 6.689 729 80.72
740 - 759 111 21,344,497.66 1.19 348 37.90 6.46 749 78.01
760 - 779 69 11,280,573.73 0.63 346 37.98 6.500 769 77.09
780 - 799 26 4,257,121.22 0.24 345 35.46 6.371 786 76.71
800 - 819 3 575,767.56 0.03 357 39.60 6.410 804 74.36
======================================================================================================
TOTAL: 11,016 1,799,999,495.70 100.00 354 39.88 7.503 602 79.26
------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
NUMBER BALANCE BALANCE AS REMAINING
RANGE OF DEBT- OF AS OF OF TERM TO DEBT-TO- MORTGAGE
TO-INCOME MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
RATIOS (%) LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------
<= 20.00 568 80,523,873.39 4.47 349 14.58 7.475 608 76.37
20.01 - 25.00 649 94,610,557.20 5.26 352 23.04 7.386 607 77.49
25.01 - 30.00 991 146,102,403.45 8.12 351 28.14 7.359 610 78.17
30.01 - 35.00 1,333 205,340,329.62 11.41 353 33.12 7.513 603 79.76
35.01 - 40.00 1,689 264,683,219.34 14.70 353 38.14 7.454 609 80.09
40.01 - 45.00 2,168 368,800,048.01 20.49 356 43.16 7.453 609 80.21
45.01 - 50.00 2,848 508,103,598.70 28.23 356 48.20 7.467 600 80.91
50.01 - 55.00 770 131,835,465.99 7.32 355 53.17 8.128 558 72.02
============================================================================================================
TOTAL: 11,016 1,799,999,495.70 100.00 354 39.88 7.503 602 79.26
------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
----------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE AS REMAINING
NUMBER OF AS OF OF TERM TO DEBT-TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
STATE LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------
CA 1,865 459,543,650.76 25.53 357 40.44 6.907 608 75.43
FL 1,387 189,357,426.64 10.52 353 40.22 7.610 598 81.08
NY 543 142,819,547.35 7.93 356 40.84 7.520 609 77.95
IL 673 107,273,161.65 5.96 355 40.66 8.087 593 81.49
TX 723 82,086,138.88 4.56 341 39.06 8.109 594 78.49
MA 356 77,173,654.34 4.29 357 40.80 7.315 603 76.08
MD 364 64,835,541.26 3.60 355 38.82 7.605 589 79.87
MI 637 64,451,493.76 3.58 354 39.73 7.963 587 81.60
MN 247 43,387,075.05 2.41 357 41.07 7.527 603 81.77
PA 307 39,902,873.50 2.22 351 39.32 7.660 589 80.13
AZ 318 38,708,358.56 2.15 352 38.49 7.439 605 83.02
NJ 147 34,829,448.84 1.93 359 39.41 7.913 608 82.55
WA 196 34,694,434.34 1.93 358 39.81 7.347 607 82.71
NV 181 34,568,489.11 1.92 358 39.70 7.325 599 79.85
CT 167 31,888,235.78 1.77 357 40.12 7.466 600 79.49
WI 242 30,584,487.57 1.70 357 40.42 8.170 595 80.77
GA 223 30,035,816.63 1.67 354 39.27 8.404 583 82.68
OH 307 29,589,005.25 1.64 349 38.12 7.573 619 84.69
CO 174 29,363,070.97 1.63 356 40.07 7.451 614 83.89
MO 194 22,545,596.09 1.25 348 38.24 7.723 595 83.58
Other 1,765 212,361,989.37 11.80 350 38.31 7.777 602 81.06
====================================================================================================
TOTAL: 11,016 1,799,999,495.70 100.00 354 39.88 7.503 602 79.26
====================================================================================================
OCCUPANCY STATUS
--------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
OCCUPANCY MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
STATUS* LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------------
Owner Occupied 10,398 1,716,090,580.08 95.34 354 40.11 7.489 600 79.35
Non-owner Occupied 516 68,964,798.06 3.83 352 34.12 7.825 631 77.15
Second Home 102 14,944,117.56 0.83 351 40.75 7.717 631 78.05
==============================================================================================================
TOTAL: 11,016 1,799,999,495.70 100.00 354 39.88 7.503 602 79.26
--------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
---------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
INCOME MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
DOCUMENTATION LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------
Full Docs 7,708 1,222,326,696.33 67.91 353 40.13 7.392 596 78.49
Stated Docs 1,971 343,311,473.35 19.07 355 39.91 7.853 625 81.03
Limited Docs 1,337 234,361,326.02 13.02 355 38.55 7.570 597 80.65
=========================================================================================================
TOTAL: 11,016 1,799,999,495.70 100.00 354 39.88 7.503 602 79.26
---------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAG
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME E RATES
PURPOSE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------
REFI-CASH OUT** 8,673 1,435,095,320.63 79.73 354 40.14 7.499 596 77.57
PURCHASE 1,759 280,026,089.73 15.56 358 38.64 7.557 629 87.66
REFI-NO CASHOUT*** 584 84,878,085.34 4.72 349 39.74 7.400 613 80.06
============================================================================================================
TOTAL: 11,016 1,799,999,495.70 100.00 354 39.88 7.503 602 79.26
------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation payments
exceed 2% or $2,000 of the original principal balance of the related
loan. Also includes all home equity loans originated in Texas with any
cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation payments
do not exceed 2% or $2,000 of the original principal balance of the
related loan. Excludes home equity loans originated in Texas with any
cash proceeds.
CREDIT GRADE
-----------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
RISK MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
CATEGORY* LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------
1 3,128 536,472,666.93 29.80 356 39.13 7.159 622 83.40
2 326 57,245,712.60 3.18 355 39.72 7.283 576 78.20
2A 1,386 221,528,406.42 12.31 353 39.70 7.545 579 79.37
3 363 60,901,911.42 3.38 357 39.81 7.372 573 80.14
3A 495 80,847,147.41 4.49 350 39.01 7.378 612 79.29
4 371 57,616,845.22 3.20 357 39.05 7.717 565 77.35
4A 534 90,268,629.96 5.01 352 39.00 6.927 630 80.26
5 227 39,697,387.24 2.21 358 41.21 7.825 550 69.81
5A 459 81,848,203.58 4.55 352 39.59 6.742 648 80.43
6 75 11,715,910.47 0.65 357 41.70 9.533 545 65.23
6A 293 53,561,373.01 2.98 350 40.03 6.578 667 81.10
7A 353 65,451,318.93 3.64 344 39.74 6.591 693 81.59
8A 272 46,644,532.25 2.59 344 37.79 6.500 736 79.94
A 575 93,394,527.02 5.19 355 39.66 8.045 575 77.61
A- 15 2,971,420.64 0.17 358 41.00 7.612 550 72.67
A+ 68 13,628,812.71 0.76 350 39.03 7.413 628 86.15
B 1,124 157,536,507.84 8.75 355 42.60 8.835 544 75.97
C 811 110,298,339.05 6.13 356 42.58 8.746 532 69.24
C- 16 3,297,803.09 0.18 359 43.35 9.773 559 71.79
D 125 15,072,039.91 0.84 352 39.74 9.071 528 56.93
=====================================================================================================
TOTAL: 11,016 1,799,999,495.70 100.00 354 39.88 7.503 602 79.26
-----------------------------------------------------------------------------------------------------
* Letters correspond to risk categories of Olympus Mortgage Company,
numbers correspond to risk categories of Argent Mortgage Company, LLC and
numbers and letters combined correspond to risk categories of Ameriquest
Mortgage Company and Town & Country Credit Corporation.
--------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
--------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
PROPERTY TYPE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------------------
Single Family Detached 8,963 1,438,742,967.99 79.93 354 39.80 7.500 599 79.18
Two-to-Four Family 618 135,174,638.09 7.51 355 40.39 7.622 622 78.11
PUD Detached 641 116,117,126.54 6.45 356 40.53 7.445 601 81.71
Condominium 493 78,388,727.01 4.35 355 39.42 7.307 615 80.43
Manufactured/Mobile Housing 231 21,722,550.25 1.21 353 39.43 7.848 612 73.59
Single Family Attached 45 5,180,618.52 0.29 342 42.02 7.998 584 80.76
PUD Attached 25 4,672,867.30 0.26 357 41.43 7.591 622 81.50
====================================================================================================================
TOTAL: 11,016 1,799,999,495.70 100.00 354 39.88 7.503 602 79.26
--------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM AT ORIGINATION
-----------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
PREPAYMENT BALANCE BALANCE REMAINING DEBT-
CHARGE TERM AT NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
ORIGINATION MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
(MONTHS) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------
0 3,619 576,161,023.10 32.01 354 40.07 7.943 597 79.69
12 290 58,651,758.48 3.26 352 39.79 7.210 624 77.00
24 1,758 300,330,510.74 16.69 358 39.74 7.448 592 81.29
30 12 2,264,261.75 0.13 358 34.54 8.511 589 86.82
36 5,337 862,591,941.63 47.92 353 39.83 7.247 607 78.35
===========================================================================================================
TOTAL: 11,016 1,799,999,495.70 100.00 354 39.88 7.503 602 79.26
-----------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
--------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
CONFORMING MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
BALANCE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------------
Conforming Balance 10,284 1,486,457,657.12 82.58 353 39.67 7.600 599 78.93
Non-Conforming
Balance 732 313,541,838.58 17.42 358 40.88 7.043 615 80.81
==============================================================================================================
TOTAL: 11,016 1,799,999,495.70 100.00 354 39.88 7.503 602 79.26
--------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
RANGE OF BALANCE BALANCE REMAINING DEBT-
MAXIMUM NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE RATES MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
(%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------
11.500 - 11.999 474 108,165,120.27 7.31 357 39.03 5.812 651 77.32
12.000 - 12.499 716 152,159,495.47 10.28 357 39.22 6.258 630 79.19
12.500 - 12.999 1,544 304,533,856.66 20.58 357 39.68 6.755 609 79.71
13.000 - 13.499 1,031 183,345,795.43 12.39 358 39.97 7.247 594 81.28
13.500 - 13.999 1,791 298,747,717.78 20.19 357 40.26 7.757 579 80.12
14.000 - 14.499 817 121,648,330.59 8.22 356 39.89 8.232 573 82.11
14.500 - 14.999 1,100 158,056,760.97 10.68 357 41.26 8.737 563 80.02
15.000 - 15.499 369 45,985,206.44 3.11 357 39.98 9.237 563 80.33
15.500 - 15.999 466 57,257,992.65 3.87 357 41.33 9.738 549 76.52
16.000 - 16.499 129 13,134,552.22 0.89 354 42.83 10.241 547 76.02
16.500 - 16.999 196 22,192,746.00 1.50 357 42.85 10.748 544 75.93
17.000 - 17.499 59 6,645,603.91 0.45 358 43.68 11.285 547 73.91
17.500 - 17.999 49 5,561,729.09 0.38 357 35.18 11.710 556 75.92
18.000 - 18.499 14 1,005,068.77 0.07 359 41.89 12.224 560 77.72
18.500 - 18.999 14 1,165,056.71 0.08 359 41.41 12.667 532 75.78
19.000 - 19.499 2 123,051.13 0.01 359 25.85 13.099 539 67.08
19.500 - 19.999 1 46,114.17 0 356 39 13.800 601 65.00
20.000 and above 1 77,986.59 0.01 359 47 14.250 529 65.00
=============================================================================================================
TOTAL: 8,773 1,479,852,184.85 100 357 40.07 7.563 593 79.75
-------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
RANGE OF BALANCE BALANCE REMAINING
MINIMUM NUMBER OF AS OF AS OF TERM TO DEBT-TO- MORTGAGE
MORTGAGE RATES MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
(%) LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------
5.500 - 5.999 474 108,165,120.27 7.31 357 39.03 5.812 651 77.32
6.000 - 6.499 716 152,159,495.47 10.28 357 39.22 6.258 630 79.19
6.500 - 6.999 1,544 304,533,856.66 20.58 357 39.68 6.755 609 79.71
7.000 - 7.499 1,031 183,345,795.43 12.39 358 39.97 7.247 594 81.28
7.500 - 7.999 1,791 298,747,717.78 20.19 357 40.26 7.757 579 80.12
8.000 - 8.499 817 121,648,330.59 8.22 356 39.89 8.232 573 82.11
8.500 - 8.999 1,100 158,056,760.97 10.68 357 41.26 8.737 563 80.02
9.000 - 9.499 369 45,985,206.44 3.11 357 39.98 9.237 563 80.33
9.500 - 9.999 466 57,257,992.65 3.87 357 41.33 9.738 549 76.52
10.000 - 10.499 129 13,134,552.22 0.89 354 42.83 10.241 547 76.02
10.500 - 10.999 196 22,192,746.00 1.50 357 42.85 10.748 544 75.93
11.000 - 11.499 59 6,645,603.91 0.45 358 43.68 11.285 547 73.91
11.500 - 11.999 49 5,561,729.09 0.38 357 35.18 11.710 556 75.92
12.000 - 12.499 14 1,005,068.77 0.07 359 41.89 12.224 560 77.72
12.500 - 12.999 14 1,165,056.71 0.08 359 41.41 12.667 532 75.78
13.000 - 13.499 2 123,051.13 0.01 359 25.85 13.099 539 67.08
13.500 - 13.999 1 46,114.17 0.00 356 39.00 13.800 601 65.00
14.000 - 14.499 1 77,986.59 0.01 359 47.00 14.25 529 65.00
==========================================================================================================
TOTAL: 8,773 1,479,852,184.85 100.00 357 40.07 7.563 593 79.75
----------------------------------------------------------------------------------------------------------
MARGINS OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
RANGE OF NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
MARGINS (%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------
3.000 - 3.249 3 720,780.79 0.05 359 39.29 6.77 614 76.97
3.250 - 3.499 3 1,157,436.23 0.08 359 35.38 6.468 657 79.98
3.500 - 3.749 2 182,377.87 0.01 359 24.66 8.068 634 64.89
3.750 - 3.999 2 356,810.92 0.02 359 27.72 6.269 626 77.20
4.000 - 4.249 6 863,613.32 0.06 347 45.25 8.145 628 79.36
4.250 - 4.499 8 1,064,833.95 0.07 351 36.64 7.539 608 76.18
4.500 - 4.749 158 26,032,929.64 1.76 356 39.46 7.451 596 82.62
4.750 - 4.999 111 20,731,567.79 1.40 356 38.71 6.437 717 81.62
5.000 - 5.249 219 44,547,902.72 3.01 356 39.54 6.497 685 82.34
5.250 - 5.499 202 38,433,208.63 2.60 357 41.55 6.428 661 82.10
5.500 - 5.749 465 90,754,230.24 6.13 356 39.60 6.902 634 81.66
5.750 - 5.999 535 96,763,864.33 6.54 355 40.27 6.956 614 80.76
6.000 - 6.249 4,668 809,337,651.37 54.69 357 39.50 7.429 593 81.47
6.250 - 6.499 471 76,109,735.59 5.14 357 39.57 8.178 566 76.68
6.500 - 6.749 1,184 172,239,359.74 11.64 357 41.88 8.557 549 76.65
6.750 - 6.999 691 92,298,397.97 6.24 357 42.34 8.836 531 67.88
7.000 - 7.249 45 8,257,483.75 0.56 358 43.67 8.926 544 66.51
==========================================================================================================
TOTAL: 8,773 1,479,852,184.85 100.00 357 40.07 7.563 593 79.75
----------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
-------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NEXT RATE NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
ADJUSTMENT MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
DATE (YEAR-MONTH) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------
2006-02 38 4,595,448.85 0.31 353 38.10 7.622 597 78.90
2006-03 49 6,972,401.07 0.47 354 38.04 7.741 573 77.70
2006-04 268 42,209,141.66 2.85 355 40.52 7.588 582 78.78
2006-05 108 13,996,167.85 0.95 354 37.82 7.614 575 79.94
2006-06 250 38,673,602.57 2.61 356 40.71 7.640 578 82.46
2006-07 1,030 165,252,119.83 11.17 358 39.59 7.386 589 81.28
2006-08 5,985 1,024,246,718.87 69.21 357 40.35 7.602 592 78.75
2006-09 233 33,864,873.00 2.29 356 39.40 7.843 587 78.07
2006-10 1 82,700.00 0.01 360 33.00 9.990 639 89.89
2007-01 1 391,400.42 0.03 352 49.00 6.650 658 90.00
2007-02 1 106,555.06 0.01 353 39.00 7.700 620 90.00
2007-03 3 782,316.14 0.05 354 46.40 8.661 573 82.08
2007-04 49 8,179,397.64 0.55 355 39.23 7.244 582 84.19
2007-05 12 2,218,533.69 0.15 356 41.70 7.560 559 82.03
2007-06 43 8,248,335.78 0.56 357 40.03 7.551 593 85.98
2007-07 216 41,452,504.20 2.80 358 38.32 7.390 617 86.44
2007-08 459 85,028,043.22 5.75 359 38.79 7.362 617 84.54
2007-09 27 3,551,925.00 0.24 360 42.11 7.505 582 77.55
=============================================================================================================
TOTAL: 8,773 1,479,852,184.85 100.00 357 40.07 7.563 593 79.75
-------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
INITIAL NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
PERIODIC RATE MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
CAP (%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------
2.000 8,773 1,479,852,184.85 100.00 357 40.07 7.563 593 79.75
==========================================================================================================
TOTAL: 8,773 1,479,852,184.85 100.00 357 40.07 7.563 593 79.75
----------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
SUBSEQUENT NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
PERIODIC RATE MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
CAP (%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------
1.000 8,773 1,479,852,184.85 100.00 357 40.07 7.563 593 79.75
==========================================================================================================
TOTAL: 8,773 1,479,852,184.85 100.00 357 40.07 7.563 593 79.75
----------------------------------------------------------------------------------------------------------
GROUP I MORTGAGE LOAN STATISTICS
The Group I Mortgage Loans consist of 9,743 Adjustable-rate and Fixed-rate
Mortgage Loans having an aggregate principal balance as of the Cut-off Date of
approximately $1,422,589,328.22 after application of scheduled payments due on
or before the Cut-off Date whether or not received and application of all
unscheduled payments of principal received prior to the Cut-off Date. None of
the Group I Mortgage Loans had a first Due Date prior to February 1, 2004 or
after November 1, 2004, or will have a remaining term to stated maturity of less
than 113 months or greater than 360 months as of the Cut-off Date. The latest
maturity date of any Group I Mortgage Loan is October 1, 2034.
COLLATERAL TYPE
----------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
COLLATERAL TYPE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------
2-yr Fixed/Adjustable
Rate 7,101 1,064,753,482.26 74.85 356 40.05 7.670 588 78.57
3-yr Fixed/Adjustable
Rate 646 106,849,792.04 7.51 358 38.62 7.401 611 84.38
1st TD Fixed 1,812 243,931,544.10 17.15 338 38.93 7.264 641 76.56
2nd TD Fixed 184 7,054,509.82 0.50 348 37.18 10.829 659 99.73
================================================================================================================
TOTAL: 9,743 1,422,589,328.22 100.00 353 39.74 7.596 599 78.76
----------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL % OF REMAINING DEBT-
PRINCIPAL NUMBER OF BALANCE PRINCIPAL TERM TO TO- MORTGAGE
BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES FICO
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (MONTHS)* (%)* (%)* * OLTV (%)*
-----------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 241 8,741,342.00 0.61 341 36.21 10.050 620 82.70
50,000.01 - 100,000.00 3,047 234,924,128.00 16.49 344 37.91 8.401 590 76.68
100,000.01 - 150,000.00 2,624 325,580,840.00 22.85 352 39.25 7.675 595 79.27
150,000.01 - 200,000.00 1,691 294,564,723.00 20.68 355 39.93 7.523 595 79.24
200,000.01 - 250,000.00 1,024 229,476,441.00 16.11 356 40.25 7.243 600 78.46
250,000.01 - 300,000.00 694 189,412,675.00 13.30 358 41.31 7.174 605 78.11
300,000.01 - 350,000.00 331 105,526,316.00 7.41 358 40.85 7.152 617 80.60
350,000.01 - 400,000.00 56 21,009,127.00 1.47 358 39.26 7.312 632 82.42
400,000.01 - 450,000.00 24 10,094,170.00 0.71 359 43.22 7.600 645 85.59
450,000.01 - 500,000.00 8 3,761,180.00 0.26 358 39.26 7.069 660 82.95
500,000.01 - 550,000.00 2 1,035,000.00 0.07 359 49.46 8.234 550 63.17
550,000.01 - 600,000.00 1 561,000.00 0.04 359 32.00 6.250 686 83.73
=================================================================================================================
TOTAL: 9,743 1,424,686,942.00 100.00 353 39.74 7.595 599 78.76
-----------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
--------------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL
PRINCIPAL BALANCE % OF PRINCIPAL REMAINING DEBT-
BALANCES AS OF NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
THE CUT-OFF DATE MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
($) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 247 8,981,668.40 0.63 341 36.19 10.021 620 82.22
50,000.01 - 100,000.00 3,049 235,025,972.20 16.52 344 37.92 8.397 590 76.70
100,000.01 - 150,000.00 2,624 325,480,140.58 22.88 352 39.25 7.675 595 79.31
150,000.01 - 200,000.00 1,685 293,375,636.79 20.62 355 39.93 7.523 595 79.18
200,000.01 - 250,000.00 1,025 229,522,012.20 16.13 356 40.26 7.245 600 78.49
250,000.01 - 300,000.00 691 188,416,489.30 13.24 358 41.32 7.174 605 78.09
300,000.01 - 350,000.00 332 105,732,790.13 7.43 358 40.86 7.151 617 80.63
350,000.01 - 400,000.00 55 20,619,623.84 1.45 358 39.16 7.324 633 82.28
400,000.01 - 450,000.00 24 10,084,527.94 0.71 359 43.22 7.600 645 85.59
450,000.01 - 500,000.00 8 3,755,667.93 0.26 358 39.26 7.070 659 82.95
500,000.01 - 550,000.00 2 1,034,331.21 0.07 359 49.46 8.234 550 63.17
550,000.01 - 600,000.00 1 560,467.70 0.04 359 32.00 6.250 686 83.73
====================================================================================================================
TOTAL: 9,743 1,422,589,328.22 100 353 39.74 7.596 599 78.76
--------------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY
-----------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE % OF PRINCIPAL REMAINING DEBT-
RANGE OF NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
MONTHS MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
REMAINING LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------
60-120 30 2,484,487.42 0.17 118 32.43 7.735 655 67.90
121 - 180 235 21,447,721.72 1.51 178 34.69 7.622 626 72.55
181 - 240 213 21,948,074.48 1.54 238 37.21 7.505 626 76.52
241 - 300 32 3,572,015.83 0.25 298 39.22 7.524 669 82.39
301 - 360 9,233 1,373,137,028.77 96.52 358 39.87 7.597 598 78.91
-----------------------------------------------------------------------------------------------------
TOTAL: 9,743 1,422,589,328.22 100.00 353 39.74 7.596 599 78.76
-----------------------------------------------------------------------------------------------------
MORTGAGE RATE
----------------------------------------------------------------------------------------------------------
PRINCIPAL
RANGE OF BALANCE % OF PRINCIPAL REMAINING
CURRENT NUMBER OF AS OF BALANCE AS OF TERM TO MORTGAGE
MORTGAGE RATES MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY RATES OLTV
(%) LOANS DATE ($) DATE (MONTHS) (%) FICO (%)
----------------------------------------------------------------------------------------------------------
5.500 - 5.999 517 103,698,644.16 7.29 353 39.13 5.812 661 73.94
6.000 - 6.499 854 158,433,438.47 11.14 351 38.63 6.247 642 77.39
6.500 - 6.999 1,687 279,852,483.89 19.67 353 39.30 6.760 619 78.64
7.000 - 7.499 1,097 171,821,117.59 12.08 354 39.58 7.244 602 80.31
7.500 - 7.999 1,867 273,838,548.10 19.25 354 39.95 7.760 583 79.74
8.000 - 8.499 845 113,903,210.05 8.01 354 40.01 8.239 576 81.44
8.500 - 8.999 1,206 155,782,665.98 10.95 353 40.71 8.743 564 79.34
9.000 - 9.499 422 47,923,937.94 3.37 355 39.97 9.236 564 79.63
9.500 - 9.999 566 61,010,316.87 4.29 354 40.52 9.735 553 76.45
10.000 - 10.499 168 14,998,076.87 1.05 345 41.72 10.245 555 76.52
10.500 - 10.999 268 23,470,666.38 1.65 350 41.78 10.755 552 76.62
11.000 - 11.499 110 7,624,986.42 0.54 355 42.30 11.250 572 78.20
11.500 - 11.999 77 6,459,570.34 0.45 352 37.48 11.700 571 79.26
12.000 - 12.499 35 1,991,494.63 0.14 356 39.82 12.245 597 88.03
12.500 - 12.999 24 1,780,170.53 0.13 355 43.96 12.680 537 73.34
----------------------------------------------------------------------------------------------------------
TOTAL: 9,743 1,422,589,328.22 100.00 353 39.74 7.596 599 78.76
----------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
--------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
RANGE OF BALANCE BALANCE REMAINING
ORIGINAL LOAN- NUMBER OF AS OF AS OF TERM TO DEBT-TO- MORTGAGE
TO-VALUE MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
RATIOS (%) LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------
<= 25.00 42 3,294,401.12 0.23 325 36.21 7.749 605 20.29
25.01 - 30.00 30 2,599,286.43 0.18 346 35.34 7.667 603 27.98
30.01 - 35.00 55 6,342,031.00 0.45 351 35.96 7.478 607 32.83
35.01 - 40.00 70 7,266,079.35 0.51 344 37.57 7.671 598 37.98
40.01 - 45.00 94 12,649,682.92 0.89 348 40.70 7.409 599 42.78
45.01 - 50.00 143 21,195,316.11 1.49 349 39.41 7.359 596 47.82
50.01 - 55.00 186 27,176,516.40 1.91 352 38.50 7.411 585 52.86
55.01 - 60.00 366 51,001,802.93 3.59 347 38.73 7.706 577 58.39
60.01 - 65.00 448 63,319,497.53 4.45 352 39.70 7.486 585 63.16
65.01 - 70.00 626 94,688,126.60 6.66 352 39.93 7.487 586 68.27
70.01 - 75.00 1,446 203,858,461.10 14.33 355 40.86 7.862 566 73.82
75.01 - 80.00 1,984 299,156,660.52 21.03 353 39.07 7.317 602 79.14
80.01 - 85.00 1,231 183,461,474.26 12.9 353 40.18 7.898 589 83.89
85.01 - 90.00 1,877 283,372,550.21 19.92 354 39.90 7.504 614 89.32
90.01 - 95.00 825 135,435,381.84 9.52 356 39.64 7.551 642 94.66
95.01 - 100.00 320 27,772,059.90 1.95 354 39.26 8.643 652 98.87
========================================================================================================
TOTAL: 9,743 1,422,589,328.22 100.00 353 39.74 7.596 599 78.76
--------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE BALANCE REMAINING
NUMBER OF AS OF AS OF TERM TO DEBT-TO- MORTGAGE
RANGE OF FICO MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
SCORES LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------
500 - 519 748 102,731,707.57 7.22 356 42.45 8.653 509 71.38
520 - 539 1,153 157,763,371.53 11.09 356 41.85 8.557 529 75.06
540 - 559 1,289 179,898,516.37 12.65 355 40.03 8.017 551 76.13
560 - 579 1,206 176,119,629.32 12.38 354 39.71 7.760 569 77.69
580 - 599 897 132,875,142.31 9.34 355 39.90 7.614 589 79.85
600 - 619 1,077 154,764,295.24 10.88 353 38.37 7.463 608 80.84
620 - 639 1,053 155,428,490.25 10.93 354 39.14 7.124 629 81.58
640 - 659 795 122,730,638.96 8.63 352 39.30 6.939 649 81.90
660 - 679 519 79,645,898.82 5.60 349 38.87 6.854 669 82.11
680 - 699 450 72,909,944.80 5.13 349 38.66 6.832 689 82.56
700 - 719 246 41,004,694.96 2.88 349 38.55 6.793 708 83.14
720 - 739 132 20,444,233.63 1.44 345 36.98 6.679 729 79.26
740 - 759 90 13,844,045.26 0.97 343 36.15 6.593 750 79.76
760 - 779 62 8,781,617.56 0.62 342 38.49 6.615 769 76.47
780 - 799 23 3,071,334.08 0.22 339 36.81 6.464 787 77.00
800 - 819 3 575,767.56 0.04 357 39.60 6.410 804 74.36
======================================================================================================
TOTAL: 9,743 1,422,589,328.22 100 353 39.74 7.596 599 78.76
------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
--------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
NUMBER BALANCE BALANCE AS REMAINING
RANGE OF DEBT- OF AS OF OF TERM TO DEBT-TO- MORTGAGE
TO-INCOME MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
RATIOS (%) LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------
<= 20.00 496 61,776,995.73 4.34 347 14.53 7.635 605 75.23
20.01 - 25.00 573 74,346,438.67 5.23 350 23.11 7.505 604 76.83
25.01 - 30.00 899 122,334,374.99 8.60 351 28.13 7.408 608 77.70
30.01 - 35.00 1,208 170,936,568.66 12.02 353 33.12 7.568 601 79.48
35.01 - 40.00 1,492 212,390,170.41 14.93 352 38.13 7.560 605 79.65
40.01 - 45.00 1,889 285,533,704.23 20.07 355 43.15 7.536 606 80.01
45.01 - 50.00 2,509 393,379,453.60 27.65 355 48.21 7.546 597 80.14
50.01 - 55.00 677 101,891,621.93 7.16 356 53.16 8.341 552 71.73
========================================================================================================
TOTAL: 9,743 1,422,589,328.22 100.00 353 39.74 7.596 599 78.76
--------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE BALANCE AS REMAINING
NUMBER OF AS OF OF TERM TO DEBT-TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
STATE LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------
CA 1,458 294,328,899.27 20.69 356 40.18 6.965 604 73.45
FL 1,275 166,383,822.65 11.70 353 40.10 7.629 596 80.85
NY 440 99,899,674.10 7.02 355 40.81 7.658 603 75.14
IL 623 93,431,400.87 6.57 356 40.31 8.101 593 81.32
TX 682 72,039,160.03 5.06 340 38.81 8.151 594 78.67
MA 322 64,152,693.59 4.51 356 40.36 7.363 602 74.28
MI 573 55,952,351.61 3.93 353 39.77 8.032 587 81.55
MD 315 50,001,467.05 3.51 354 38.43 7.614 587 79.61
MN 230 37,110,895.89 2.61 357 40.95 7.600 600 81.63
PA 274 33,933,333.79 2.39 350 39.19 7.730 587 79.78
AZ 255 30,046,358.72 2.11 353 38.98 7.501 607 84.11
WA 177 29,387,454.39 2.07 358 39.63 7.352 608 82.77
WI 227 27,968,456.80 1.97 357 40.19 8.218 593 80.32
NV 159 27,588,218.84 1.94 358 40.70 7.315 598 78.57
GA 213 27,038,575.77 1.90 353 39.36 8.424 583 82.89
NJ 126 26,073,504.96 1.83 359 39.21 7.977 601 81.67
CT 151 25,503,672.02 1.79 357 40.83 7.562 599 79.07
OH 245 24,293,458.07 1.71 348 38.03 7.616 622 85.09
CO 156 24,047,513.59 1.69 356 39.86 7.421 614 83.58
MO 177 19,629,841.35 1.38 346 39.14 7.786 595 83.59
Other 1,665 193,778,574.86 13.62 349 38.45 7.803 602 80.92
================================================================================================
TOTAL: 9,743 1,422,589,328.22 100.00 353 39.74 7.596 599 78.76
================================================================================================
OCCUPANCY STATUS
--------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
OCCUPANCY MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
STATUS* LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------------
Owner Occupied 9,217 1,355,274,083.42 95.27 353 39.98 7.583 598 78.88
Non-owner Occupied 438 56,934,521.09 4.00 351 33.94 7.862 628 76.11
Second Home 88 10,380,723.71 0.73 348 39.62 7.808 637 77.80
==============================================================================================================
TOTAL: 9,743 1,422,589,328.22 100.00 353 39.74 7.596 599 78.76
--------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
---------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
INCOME MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
DOCUMENTATION LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------
Full Docs 6,898 989,277,476.36 69.54 353 39.94 7.490 594 78.33
Stated Docs 1,681 258,328,775.42 18.16 355 39.63 7.935 622 79.70
Limited Docs 1,164 174,983,076.44 12.30 354 38.74 7.691 594 79.83
=========================================================================================================
TOTAL: 9,743 1,422,589,328.22 100.00 353 39.74 7.596 599 78.76
---------------------------------------------------------------------------------------------------------
LOAN PURPOSE
-------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES
PURPOSE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO OLTV (%)
-------------------------------------------------------------------------------------------------------------
REFI-CASH OUT** 7,781 1,151,251,111.47 80.93 353 39.95 7.598 594 77.07
PURCHASE 1,409 195,310,391.22 13.73 358 38.53 7.636 626 87.96
REFI-NO CASHOUT*** 553 76,027,825.53 5.34 349 39.72 7.463 611 80.72
=============================================================================================================
TOTAL: 9,743 1,422,589,328.22 100.00 353 39.74 7.596 599 78.76
-------------------------------------------------------------------------------------------------------------
** 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 $2,000 of the original principal balance of the
related loan. Excludes home equity loans originated in Texas with any
cash proceeds.
CREDIT GRADE
-----------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
RISK MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
CATEGORY* LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------
1 2,525 382,577,413.73 26.89 356 39.33 7.220 619 83.35
2 260 40,707,010.11 2.86 354 40.13 7.391 571 77.72
2A 1,292 181,198,523.50 12.74 352 39.23 7.613 579 79.15
3 309 48,108,268.01 3.38 357 39.73 7.394 573 79.78
3A 447 62,022,982.33 4.36 348 38.36 7.466 611 78.53
4 304 45,853,502.99 3.22 357 38.49 7.729 563 76.92
4A 486 71,459,600.27 5.02 351 38.59 6.985 630 79.92
5 181 29,009,082.84 2.04 358 40.48 7.928 552 69.89
5A 425 66,816,340.92 4.70 351 39.58 6.765 648 80.72
6 63 9,691,540.26 0.68 357 41.46 9.494 548 64.65
6A 268 42,388,098.55 2.98 347 39.55 6.611 669 81.03
7A 323 52,548,783.68 3.69 343 38.83 6.631 693 80.98
8A 256 39,925,801.07 2.81 341 36.89 6.535 736 79.78
A 532 77,674,526.56 5.46 354 39.11 8.121 574 77.06
A- 15 2,971,420.64 0.21 358 41.00 7.612 550 72.67
A+ 53 9,128,015.63 0.64 347 38.93 7.609 624 85.16
B 1,079 141,164,448.03 9.92 355 42.25 8.854 544 75.91
C 787 101,792,486.36 7.16 356 42.57 8.779 532 69.21
C- 15 2,911,179.44 0.20 359 43.53 9.557 566 72.69
D 123 14,640,303.30 1.03 352 39.84 9.082 527 56.85
=====================================================================================================
TOTAL: 9,743 1,422,589,328.22 100.00 353 39.74 7.596 599 78.76
-----------------------------------------------------------------------------------------------------
* Letters correspond to risk categories of Olympus Mortgage Company,
numbers correspond to risk categories of Argent Mortgage Company, LLC and
numbers and letters combined correspond to risk categories of Ameriquest
Mortgage Company and Town & Country Credit Corporation.
--------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
--------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
PROPERTY TYPE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------------------
Single Family Detached 7,930 1,129,555,921.56 79.40 353 39.64 7.600 596 78.76
Two-to-Four Family 551 115,418,313.53 8.11 355 40.36 7.675 620 76.84
PUD Detached 537 83,751,205.00 5.89 355 40.24 7.518 599 81.56
Condominium 434 63,637,183.17 4.47 355 39.71 7.368 613 80.10
Manufactured/Mobile Housing 224 21,124,189.44 1.48 353 39.41 7.849 613 73.64
Single Family Attached 45 5,180,618.52 0.36 342 42.02 7.998 584 80.76
PUD Attached 22 3,921,897.00 0.28 356 40.20 7.542 621 79.77
====================================================================================================================
TOTAL: 9,743 1,422,589,328.22 100.00 353 39.74 7.596 599 78.76
--------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM AT ORIGINATION
-----------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
PREPAYMENT BALANCE BALANCE REMAINING DEBT-
CHARGE TERM AT NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
ORIGINATION MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
(MONTHS) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------
0 3,263 460,766,117.09 32.39 353 39.74 8.015 595 78.85
12 247 44,460,125.99 3.13 351 40.06 7.319 622 75.91
24 1,456 228,913,478.85 16.09 358 39.82 7.492 590 81.01
30 12 2,264,261.75 0.16 358 34.54 8.511 589 86.82
36 4,765 686,185,344.54 48.23 352 39.71 7.363 604 78.11
===========================================================================================================
TOTAL: 9,743 1,422,589,328.22 100.00 353 39.74 7.596 599 78.76
-----------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
--------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
CONFORMING MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
BALANCE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------------
Conforming Balance 9,743 1,422,589,328.22 100.00 353 39.74 7.596 599 78.76
==============================================================================================================
TOTAL: 9,743 1,422,589,328.22 100.00 353 39.74 7.596 599 78.76
--------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
RANGE OF BALANCE BALANCE REMAINING DEBT-
MAXIMUM NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE RATES MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
(%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------
11.500 - 11.999 392 77,563,665.93 6.62 357 38.93 5.815 653 76.62
12.000 - 12.499 604 112,124,600.81 9.57 356 38.95 6.256 631 78.43
12.500 - 12.999 1,326 224,727,502.25 19.18 356 39.25 6.760 609 79.01
13.000 - 13.499 885 142,604,617.04 12.17 357 39.86 7.245 594 80.70
13.500 - 13.999 1,585 239,812,696.96 20.47 356 39.99 7.763 577 79.43
14.000 - 14.499 720 101,012,287.79 8.62 356 40.20 8.239 571 81.38
14.500 - 14.999 1,008 136,835,221.96 11.68 356 41.11 8.745 561 79.44
15.000 - 15.499 344 41,203,373.18 3.52 357 40.02 9.233 560 79.65
15.500 - 15.999 443 51,787,300.87 4.42 357 41.06 9.739 547 75.99
16.000 - 16.499 125 12,390,229.96 1.06 354 42.27 10.247 547 75.91
16.500 - 16.999 185 19,001,033.59 1.62 356 42.48 10.742 544 75.34
17.000 - 17.499 56 5,316,390.00 0.45 358 43.08 11.260 551 73.35
17.500 - 17.999 46 5,054,228.48 0.43 357 36.03 11.693 559 76.26
18.000 - 18.499 14 1,005,068.77 0.09 359 41.89 12.224 560 77.72
18.500 - 18.999 14 1,165,056.71 0.10 359 41.41 12.667 532 75.78
============================================================================================================
TOTAL: 7,747 1,171,603,274.30 100.00 356 39.92 7.645 590 79.1
------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
RANGE OF BALANCE BALANCE REMAINING
MINIMUM NUMBER OF AS OF AS OF TERM TO DEBT-TO- MORTGAGE
MORTGAGE RATES MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
(%) LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------
5.500 - 5.999 392 77,563,665.93 6.62 357 38.93 5.815 653 76.62
6.000 - 6.499 604 112,124,600.81 9.57 356 38.95 6.256 631 78.43
6.500 - 6.999 1,326 224,727,502.25 19.18 356 39.25 6.760 609 79.01
7.000 - 7.499 885 142,604,617.04 12.17 357 39.86 7.245 594 80.70
7.500 - 7.999 1,585 239,812,696.96 20.47 356 39.99 7.763 577 79.43
8.000 - 8.499 720 101,012,287.79 8.62 356 40.20 8.239 571 81.38
8.500 - 8.999 1,008 136,835,221.96 11.68 356 41.11 8.745 561 79.44
9.000 - 9.499 344 41,203,373.18 3.52 357 40.02 9.233 560 79.65
9.500 - 9.999 443 51,787,300.87 4.42 357 41.06 9.739 547 75.99
10.000 - 10.499 125 12,390,229.96 1.06 354 42.27 10.247 547 75.91
10.500 - 10.999 185 19,001,033.59 1.62 356 42.48 10.742 544 75.34
11.000 - 11.499 56 5,316,390.00 0.45 358 43.08 11.260 551 73.35
11.500 - 11.999 46 5,054,228.48 0.43 357 36.03 11.693 559 76.26
12.000 - 12.499 14 1,005,068.77 0.09 359 41.89 12.224 560 77.72
12.5.00 - 12.999 14 1,165,056.71 0.10 359 41.41 12.667 532 75.78
==========================================================================================================
TOTAL: 7,747 1,171,603,274.30 100.00 356 39.92 7.645 590 79.10
----------------------------------------------------------------------------------------------------------
MARGINS OF THE ADJUSTABLE-RATE LOANS
--------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
RANGE OF NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
MARGINS (%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------
3.000 - 3.249 2 314,148.73 0.03 359 39.68 7.120 607 84.97
3.250 - 3.499 1 112,431.14 0.01 359 30.00 8.450 644 90.00
3.500 - 3.749 2 182,377.87 0.02 359 24.66 8.068 634 64.89
3.750 - 3.999 2 356,810.92 0.03 359 27.72 6.269 626 77.20
4.000 - 4.249 6 863,613.32 0.07 347 45.25 8.145 628 79.36
4.250 - 4.499 8 1,064,833.95 0.09 351 36.64 7.539 608 76.18
4.500 - 4.749 135 20,478,184.06 1.75 356 40.00 7.462 595 82.27
4.750 - 4.999 100 16,387,205.44 1.40 355 37.61 6.523 717 80.86
5.000 - 5.249 192 33,335,139.83 2.85 355 38.79 6.564 684 81.44
5.250 - 5.499 188 32,425,944.57 2.77 356 40.89 6.448 661 81.73
5.500 - 5.749 414 70,719,629.01 6.04 355 39.78 6.935 633 81.68
5.750 - 5.999 486 76,501,386.32 6.53 354 39.87 7.015 615 80.27
6.000 - 6.249 3,940 609,186,533.02 52.00 357 39.28 7.481 591 80.95
6.250 - 6.499 444 65,063,358.78 5.55 356 39.19 8.219 565 76.15
6.500 - 6.749 1,117 152,363,085.32 13.00 357 41.74 8.599 548 76.43
6.750 - 6.999 670 84,831,961.63 7.24 356 42.28 8.871 531 67.72
7.000 - 7.249 40 7,416,630.39 0.63 358 43.56 8.847 547 66.94
========================================================================================================
TOTAL 7,747 1,171,603,274.30 100.00 356 39.92 7.645 590 79.10
--------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
-------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NEXT RATE NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
ADJUSTMENT MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
DATE (YEAR-MONTH) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------------
2006-02 36 4,121,573.65 0.35 353 38.10 7.754 584 77.62
2006-03 49 6,972,401.07 0.60 354 38.04 7.741 573 77.70
2006-04 248 35,122,505.02 3.00 354 40.08 7.724 579 77.30
2006-05 94 11,150,109.08 0.95 354 38.98 7.781 568 80.10
2006-06 194 27,083,337.54 2.31 356 40.47 7.729 573 81.48
2006-07 856 127,543,562.72 10.89 358 39.78 7.428 586 81.09
2006-08 5,412 825,762,730.18 70.48 356 40.13 7.692 590 78.15
2006-09 211 26,914,563.00 2.30 355 39.81 7.917 582 77.62
2006-10 1 82,700.00 0.01 360 33.00 9.990 639 89.89
2007-01 1 391,400.42 0.03 352 49.00 6.650 658 90.00
2007-02 1 106,555.06 0.01 353 39.00 7.700 620 90.00
2007-03 2 374,686.72 0.03 354 40.30 7.258 608 89.78
2007-04 44 7,071,121.44 0.60 355 40.57 7.246 584 83.72
2007-05 11 2,155,007.28 0.18 356 42.34 7.585 558 81.83
2007-06 35 5,799,876.65 0.50 357 38.92 7.840 575 83.40
2007-07 157 26,035,375.43 2.22 358 37.98 7.447 614 86.42
2007-08 373 61,887,444.04 5.28 359 38.26 7.354 620 84.07
2007-09 22 3,028,325.00 0.26 360 42.25 7.480 579 76.95
=============================================================================================================
TOTAL: 7,747 1,171,603,274.30 100.00 356 39.92 7.645 590 79.1
-------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
---------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
INITIAL NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
PERIODIC RATE MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
CAP (%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------
2.000 7,747 1,171,603,274.30 100.00 356 39.92 7.645 590 79.10
=========================================================================================================
TOTAL: 7,747 1,171,603,274.30 100.00 356 39.92 7.645 590 79.10
---------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
---------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
SUBSEQUENT NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
PERIODIC RATE MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
CAP (%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------
1.000 7,747 1,171,603,274.30 100.00 356 39.92 7.645 590 79.10
=========================================================================================================
TOTAL: 7,747 1,171,603,274.30 100.00 356 39.92 7.645 590 79.10
---------------------------------------------------------------------------------------------------------
GROUP II MORTGAGE LOAN STATISTICS
The Group II Mortgage Loans consist of 1,273 adjustable-rate and fixed-rate
Mortgage Loans having an aggregate principal balance as of the Cut-off Date of
approximately $377,410,167.48, after application of scheduled payments due on or
before the Cut-off Date whether or not received and application of all
unscheduled payments of principal received prior to the Cut-off Date. None of
the Group II Mortgage Loans had a first Due Date prior to March 1, 2004 or after
October 1, 2004, or will have a remaining term to stated maturity of less than
173 months or greater than 360 months as of the Cut-off Date. The latest
maturity date of any Group II Collateral Selection Date Mortgage Loan is
September 1, 2034.
COLLATERAL TYPE
---------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE % OF PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
COLLATERAL TYPE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------------
2-yr Fixed/Adjustable
Rate 861 265,139,691.44 70.25 359 40.8 7.235 601 81.58
3-yr Fixed/Adjustable
Rate 165 43,109,219.11 11.42 358 39.74 7.345 614 86.27
1st TD Fixed 225 67,491,680.93 17.88 350 39.53 6.630 652 75.57
2nd TD Fixed 22 1,669,576.00 0.44 351 37.31 10.817 662 99.41
===============================================================================================================
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
---------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL % OF REMAINING DEBT-
PRINCIPAL NUMBER OF BALANCE PRINCIPAL TERM TO TO- MORTGAGE
BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES FICO
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (MONTHS)* (%)* (%)* * OLTV (%)*
-----------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 15 659,400.00 0.17 338 37.22 9.103 573 68.33
50,000.01 - 100,000.00 279 20,813,119.00 5.51 351 36.96 8.100 587 79.88
100,000.01 - 150,000.00 126 15,465,805.00 4.09 353 37.61 7.592 598 83.77
150,000.01 - 200,000.00 57 9,811,041.00 2.60 358 37.70 7.459 607 84.00
200,000.01 - 250,000.00 28 6,194,776.00 1.64 358 41.33 7.517 606 85.95
250,000.01 - 300,000.00 20 5,319,950.00 1.41 359 42.48 7.168 603 80.67
300,000.01 - 350,000.00 113 38,516,793.00 10.19 359 41.39 7.219 606 82.67
350,000.01 - 400,000.00 253 94,847,690.00 25.10 358 41.35 7.123 613 82.42
400,000.01 - 450,000.00 138 58,504,332.00 15.48 358 41.42 7.096 613 80.86
450,000.01 - 500,000.00 140 67,256,606.00 17.80 357 41.12 7.002 622 80.90
500,000.01 - 550,000.00 48 25,377,534.00 6.71 359 37.76 7.010 607 79.15
550,000.01 - 600,000.00 33 19,284,165.00 5.10 359 41.83 6.951 614 77.72
600,000.01 - 650,000.00 6 3,731,950.00 0.99 328 35.01 7.005 609 90.27
650,000.01 - 700,000.00 5 3,325,799.00 0.88 359 33.82 6.279 695 74.16
700,000.01 - 750,000.00 12 8,824,160.00 2.33 359 38.56 6.300 636 68.59
=================================================================================================================
TOTAL: 1,273 377,933,120.00 100.00 357 40.43 7.155 612 81.12
-----------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
-----------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
-----------------------------------------------------------------------------------------------------------------
RANGE OF PRINCIPAL % OF REMAINING DEBT-
PRINCIPAL NUMBER OF BALANCE PRINCIPAL TERM TO TO- MORTGAGE
BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES FICO
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (MONTHS)* (%)* (%)* * OLTV (%)*
-----------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 16 707,067.34 0.19 339 35.78 9.089 577 69.90
50,000.01 - 100,000.00 278 20,734,251.66 5.49 351 37.01 8.098 587 79.86
100,000.01 - 150,000.00 127 15,593,597.82 4.13 353 37.68 7.608 598 83.88
150,000.01 - 200,000.00 56 9,648,882.23 2.56 358 37.58 7.431 608 83.83
200,000.01 - 250,000.00 28 6,183,936.96 1.64 358 41.33 7.517 606 85.96
250,000.01 - 300,000.00 20 5,313,633.92 1.41 359 42.48 7.168 603 80.67
300,000.01 - 350,000.00 116 39,518,050.87 10.47 358 41.45 7.217 605 82.78
350,000.01 - 400,000.00 250 93,672,787.09 24.82 358 41.32 7.124 613 82.37
400,000.01 - 450,000.00 139 58,879,140.16 15.60 358 41.40 7.089 614 80.92
450,000.01 - 500,000.00 139 66,702,515.17 17.67 357 41.13 7.008 621 80.85
500,000.01 - 550,000.00 48 25,327,731.01 6.71 359 37.77 7.009 607 79.15
550,000.01 - 600,000.00 33 19,266,037.98 5.10 359 41.83 6.952 614 77.72
600,000.01 - 650,000.00 6 3,727,340.47 0.99 328 35.02 7.005 609 90.27
650,000.01 - 700,000.00 5 3,322,645.28 0.88 359 33.82 6.300 636 68.59
=================================================================================================================
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
-----------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY
---------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE % OF PRINCIPAL REMAINING DEBT-
RANGE OF NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
MONTHS MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
REMAINING LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------
120 - 180 17 2,580,057.50 0.68 177 41.68 6.639 638 72.56
181 - 240 4 297,121.48 0.08 237 31.52 9.559 668 95.93
240 - 300 2 893,091.76 0.24 297 39.67 7.103 600 78.07
300 - 360 1,250 373,639,896.74 99.00 359 40.43 7.157 612 81.18
---------------------------------------------------------------------------------------------------
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
---------------------------------------------------------------------------------------------------
MORTGAGE RATE
----------------------------------------------------------------------------------------------------------
PRINCIPAL
RANGE OF BALANCE % OF PRINCIPAL REMAINING DEBT-
CURRENT NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
MORTGAGE RATES MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
(%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------
5.500 - 5.999 121 47,782,367.97 12.66 356 38.42 5.812 661 74.45
6.000 - 6.499 157 55,656,357.84 14.75 356 40.33 6.246 636 79.60
6.500 - 6.999 281 101,189,808.37 26.81 357 40.66 6.749 617 81.14
7.000 - 7.499 163 44,877,182.43 11.89 357 40.53 7.255 599 83.15
7.500 - 7.999 230 63,276,437.48 16.77 358 41.21 7.731 591 82.84
8.000 - 8.499 111 22,343,281.96 5.92 358 38.85 8.203 581 85.22
8.500 - 8.999 110 23,633,165.79 6.26 357 41.82 8.686 578 84.13
9.000 - 9.499 29 5,138,476.11 1.36 355 38.93 9.266 589 86.34
9.500 - 9.999 29 6,261,581.89 1.66 359 43.21 9.732 574 83.14
10.000 - 10.499 6 832,731.19 0.22 358 48.82 10.130 558 79.04
10.500 - 10.999 15 3,509,994.31 0.93 359 44.67 10.783 560 81.31
11.000 - 11.499 8 1,734,260.32 0.46 354 44.20 11.367 558 81.72
11.500 - 11.999 6 705,440.54 0.19 359 30.41 11.838 568 80.24
12.000 - 12.499 3 221,929.39 0.06 359 35.78 12.213 639 98.96
13.000 - 13.499 2 123,051.13 0.03 359 25.85 13.099 539 67.08
13.500 - 13.999 1 46,114.17 0.01 356 39.00 13.800 601 65.00
14.000 - 14.499 1 77,986.59 0.02 359 47.00 14.250 529 65.00
----------------------------------------------------------------------------------------------------------
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
----------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
RANGE OF BALANCE BALANCE REMAINING
ORIGINAL LOAN- NUMBER OF AS OF AS OF TERM TO DEBT-TO- MORTGAGE
TO-VALUE MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
RATIOS (%) LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------
25.01 - 30.00 2 119,323.35 0.03 284 37.55 8.985 579 27.54
30.01 - 35.00 2 537,238.39 0.14 355 7.01 5.593 732 33.41
35.01 - 40.00 5 1,042,437.46 0.28 348 44.45 6.510 647 36.85
40.01 - 45.00 5 1,370,974.74 0.36 359 40.11 7.049 586 43.36
45.01 - 50.00 12 3,060,407.87 0.81 359 41.69 6.545 598 47.87
50.01 - 55.00 15 4,906,091.75 1.30 356 39.51 6.410 609 53.48
55.01 - 60.00 39 9,375,562.20 2.48 342 41.40 6.716 596 58.26
60.01 - 65.00 60 16,760,374.14 4.44 358 40.39 7.100 588 63.37
65.01 - 70.00 76 23,517,769.47 6.23 357 39.89 7.002 596 67.92
70.01 - 75.00 163 48,224,490.05 12.78 358 41.29 7.249 581 73.79
75.01 - 80.00 235 71,467,462.23 18.94 358 39.71 6.924 615 78.97
80.01 - 85.00 147 52,840,858.78 14.00 357 41.04 7.147 613 83.86
85.01 - 90.00 271 81,529,934.35 21.60 357 40.71 7.166 618 89.37
90.01 - 95.00 201 56,045,439.29 14.85 358 40.10 7.468 636 94.74
95.01 - 100.00 40 6,611,803.41 1.75 355 39.52 8.629 670 98.89
======================================================================================================
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
--------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING
NUMBER OF AS OF BALANCE AS OF TERM TO DEBT-TO- MORTGAGE
RANGE OF FICO MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
SCORES LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------
500 - 519 84 17,182,669.53 4.55 357 42.55 8.057 509 72.25
520 - 539 121 27,004,473.17 7.16 358 42.51 8.174 529 75.54
540 - 559 129 36,421,982.38 9.65 358 43.76 7.583 552 78.79
560 - 579 131 37,995,210.43 10.07 358 40.39 7.417 568 80.03
580 - 599 140 43,172,076.25 11.44 358 39.12 7.100 589 78.92
600 - 619 148 49,174,796.79 13.03 357 39.72 7.148 610 84.48
620 - 639 171 50,772,826.95 13.45 357 40.22 6.855 628 82.92
640 - 659 116 38,672,946.98 10.25 355 38.69 6.924 650 82.47
660 - 679 79 24,764,487.23 6.56 358 40.49 6.788 667 85.60
680 - 699 60 19,197,643.79 5.09 352 41.42 6.706 687 85.84
700 - 719 41 14,857,212.18 3.94 358 37.78 6.497 707 84.21
720 - 739 22 7,008,646.09 1.86 356 39.30 6.719 729 84.98
740 - 759 21 7,500,452.40 1.99 358 41.13 6.214 747 74.78
760 - 779 7 2,498,956.17 0.66 359 36.19 6.093 769 79.28
780 - 799 3 1,185,787.14 0.31 359 31.94 6.131 785 75.97
========================================================================================================
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
--------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
NUMBER BALANCE BALANCE AS REMAINING
RANGE OF DEBT- OF AS OF OF TERM TO DEBT-TO- MORTGAGE
TO-INCOME MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
RATIOS (%) LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------
<= 20.00 72 18,746,877.66 4.97 358 14.76 6.950 619 80.11
20.01 - 25.00 76 20,264,118.53 5.37 358 22.82 6.950 620 79.91
25.01 - 30.00 92 23,768,028.46 6.30 351 28.19 7.109 619 80.56
30.01 - 35.00 125 34,403,760.96 9.12 356 33.11 7.239 610 81.19
35.01 - 40.00 197 52,293,048.93 13.86 358 38.20 7.023 623 81.87
40.01 - 45.00 279 83,266,343.78 22.06 358 43.20 7.165 617 80.89
45.01 - 50.00 339 114,724,145.10 30.40 358 48.15 7.199 609 83.54
50.01 - 55.00 93 29,943,844.06 7.93 352 53.20 7.404 579 73.02
======================================================================================================
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
----------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE BALANCE AS REMAINING
NUMBER OF AS OF OF TERM TO DEBT-TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
STATE LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------
CA 407 165,214,751.49 43.78 358 40.90 6.805 617 78.96
NY 103 42,919,873.25 11.37 357 40.93 7.199 625 84.50
FL 112 22,973,603.99 6.09 355 41.11 7.473 611 82.73
MD 49 14,834,074.21 3.93 359 40.17 7.573 597 80.76
IL 50 13,841,760.78 3.67 352 43.08 7.989 592 82.65
MA 34 13,020,960.75 3.45 359 42.99 7.079 605 84.97
TX 41 10,046,978.85 2.66 353 40.82 7.805 592 77.22
NJ 21 8,755,943.88 2.32 359 40.02 7.721 631 85.17
AZ 63 8,661,999.84 2.30 351 36.79 7.221 599 79.23
MI 64 8,499,142.15 2.25 358 39.52 7.507 587 81.92
NV 22 6,980,270.27 1.85 358 35.76 7.365 603 84.88
CT 16 6,384,563.76 1.69 358 37.28 7.085 606 81.18
MN 17 6,276,179.16 1.66 358 41.81 7.097 623 82.56
PA 33 5,969,539.71 1.58 355 40.09 7.264 598 82.09
CO 18 5,315,557.38 1.41 358 41.04 7.584 613 85.25
WA 19 5,306,979.95 1.41 359 40.83 7.322 601 82.38
OH 62 5,295,547.18 1.40 356 38.53 7.372 606 82.84
GA 10 2,997,240.86 0.79 359 38.48 8.232 586 80.78
MO 17 2,915,754.74 0.77 359 32.21 7.297 598 83.49
WI 15 2,616,030.77 0.69 356 42.86 7.657 624 85.54
Other 100 18,583,414.51 4.92 357 36.84 7.504 608 82.57
==============================================================================================
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
==============================================================================================
OCCUPANCY STATUS
------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
OCCUPANCY MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
STATUS* LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------
Owner Occupied 1,181 360,816,496.66 95.60 357 40.58 7.134 611 81.12
Non-owner Occupied 78 12,030,276.97 3.19 357 34.93 7.652 648 82.06
Second Home 14 4,563,393.85 1.21 359 43.32 7.509 617 78.63
============================================================================================================
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
-------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
INCOME MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
DOCUMENTATION LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------
Full Docs 810 233,049,219.97 61.75 357 40.94 6.978 606 79.18
Stated Docs 290 84,982,697.93 22.52 358 40.74 7.603 633 85.09
Limited Docs 173 59,378,249.58 15.73 358 38.00 7.212 608 83.06
=======================================================================================================
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
-------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
LOAN PURPOSE
--------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES
PURPOSE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO OLTV (%)
--------------------------------------------------------------------------------------------------------
REFI-CASH OUT** 892 283,844,209.16 75.21 357 40.91 7.100 604 79.60
PURCHASE 350 84,715,698.51 22.45 358 38.89 7.373 636 86.95
REFI-NO
CASHOUT*** 31 8,850,259.81 2.34 355 39.99 6.86 632 74.34
========================================================================================================
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
--------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation payments
exceed 2% or $2,000 of the original principal balance of the related loan.
Also includes all home equity loans originated in Texas with any cash
proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation payments do
not exceed 2% or $2,000 of the original principal balance of the related
loan. Excludes home equity loans originated in Texas with any cash
proceeds.
CREDIT GRADE
---------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
RISK MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
CATEGORY* LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------
1 603 153,895,253.20 40.78 357 38.65 7.010 628 83.53
2 66 16,538,702.49 4.38 357 38.73 7.017 590 79.37
2A 94 40,329,882.92 10.69 358 41.83 7.239 581 80.36
3 54 12,793,643.41 3.39 358 40.12 7.289 572 81.51
3A 48 18,824,165.08 4.99 355 41.14 7.088 613 81.81
4 67 11,763,342.23 3.12 357 41.25 7.671 575 79.02
4A 48 18,809,029.69 4.98 356 40.54 6.711 630 81.54
5 46 10,688,304.40 2.83 358 43.20 7.545 545 69.59
5A 34 15,031,862.66 3.98 358 39.67 6.639 649 79.11
6 12 2,024,370.21 0.54 357 42.82 9.720 534 68.00
6A 25 11,173,274.46 2.96 359 41.88 6.453 662 81.38
7A 30 12,902,535.25 3.42 352 43.42 6.426 693 84.09
8A 16 6,718,731.18 1.78 358 43.14 6.292 733 80.86
A 43 15,720,000.46 4.17 359 42.35 7.667 577 80.35
A+ 15 4,500,797.08 1.19 356 39.23 7.015 636 88.17
B 45 16,372,059.81 4.34 359 45.68 8.670 541 76.46
C 24 8,505,852.69 2.25 359 42.79 8.353 531 69.49
C- 1 386,623.65 0.10 359 42.00 11.400 514 65.00
D 2 431,736.61 0.11 359 36.31 8.707 548 59.83
===================================================================================================
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
---------------------------------------------------------------------------------------------------
* Letters correspond to risk categories of Olympus Mortgage Company,
number correspond to risk categories of Argent Mortgage Company, LLC
and numbers and letters combined correspond to risk categories of
Ameriquest Mortgage Company and Town & Country Credit Corporation.
----------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
----------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE BALANCE REMAINING
NUMBER OF AS OF AS OF TERM TO MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY RATES OLTV
PROPERTY TYPE LOANS DATE ($) DATE (MONTHS) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------
Single Family Detached 1,033 309,187,046.43 81.92 357 40.42 7.137 611 80.70
PUD Detached 104 32,365,921.54 8.58 358 41.28 7.257 608 82.10
Two-to-Four Family 67 19,756,324.56 5.23 357 40.62 7.315 632 85.51
Condominium 59 14,751,543.84 3.91 357 38.17 7.044 625 81.84
PUD Attached 3 750,970.30 0.20 359 47.87 7.848 629 90.53
Manufactured/Mobile Housing 7 598,360.81 0.16 358 40.13 7.834 565 71.79
================================================================================================================
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
----------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM AT ORIGINATION
---------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
PREPAYMENT BALANCE BALANCE REMAINING DEBT-
CHARGE TERM AT NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
ORIGINATION MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
(MONTHS) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
---------------------------------------------------------------------------------------------------------
0 356 115,394,906.01 30.58 357 41.41 7.653 608 83.03
12 43 14,191,632.49 3.76 353 38.95 6.866 631 83.29
24 302 71,417,031.89 18.92 358 39.48 7.306 597 82.18
36 572 176,406,597.09 46.74 357 40.30 6.793 619 79.27
=========================================================================================================
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
---------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
CONFORMING MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
BALANCE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------
Conforming Balance 541 63,868,328.90 16.92 355 38.24 7.706 600 82.64
Non-Conforming
Balance 732 313,541,838.58 83.08 358 40.88 7.043 615 80.81
============================================================================================================
TOTAL: 1,273 377,410,167.48 100.00 357 40.43 7.155 612 81.12
------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
--------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
RANGE OF BALANCE BALANCE REMAINING DEBT-
MAXIMUM NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE RATES MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
(%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------
11.500 - 11.999 82 30,601,454.34 9.93 358 39.29 5.803 646 79.09
12.000 - 12.499 112 40,034,894.66 12.99 359 39.97 6.263 627 81.32
12.500 - 12.999 218 79,806,354.41 25.89 359 40.89 6.743 609 81.69
13.000 - 13.499 146 40,741,178.39 13.22 358 40.34 7.253 596 83.34
13.500 - 13.999 206 58,935,020.82 19.12 359 41.35 7.731 589 82.96
14.000 - 14.499 97 20,636,042.80 6.69 358 38.38 8.200 581 85.72
14.500 - 14.999 92 21,221,539.01 6.88 359 42.20 8.681 577 83.75
15.000 - 15.499 25 4,781,833.26 1.55 359 39.68 9.271 586 86.18
15.500 - 15.999 23 5,470,691.78 1.77 359 43.83 9.729 568 81.46
16.000 - 16.499 4 744,322.26 0.24 358 52.29 10.141 547 77.86
16.500 - 16.999 11 3,191,712.41 1.04 359 45.07 10.779 547 79.45
17.000 - 17.499 3 1,329,213.91 0.43 359 46.07 11.383 531 76.15
17.500 - 17.999 3 507,500.61 0.16 359 26.73 11.877 531 72.54
19.000 - 19.499 2 123,051.13 0.04 359 25.85 13.099 539 67.08
19.500 - 19.999 1 46,114.17 0.01 356 39.00 13.800 601 65.00
20.000 and above 1 77,986.59 0.03 359 47.00 14.25 529 65.00
========================================================================================================
TOTAL: 1,026 308,248,910.55 100.00 359 40.65 7.251 603 82.24
--------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
-------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
RANGE OF BALANCE BALANCE REMAINING
MINIMUM NUMBER OF AS OF AS OF TERM TO DEBT-TO- MORTGAGE
MORTGAGE RATES MORTGAGE THE CUT-OFF THE CUT- MATURITY INCOME RATES OLTV
(%) LOANS DATE ($) OFF DATE (MONTHS) (%) (%) FICO (%)
-------------------------------------------------------------------------------------------------------
5.500 - 5.999 82 30,601,454.34 9.93 358 39.29 5.803 646 79.09
6.000 - 6.499 112 40,034,894.66 12.99 359 39.97 6.263 627 81.32
6.500 - 6.999 218 79,806,354.41 25.89 359 40.89 6.743 609 81.69
7.000 - 7.499 146 40,741,178.39 13.22 358 40.34 7.253 596 83.34
7.500 - 7.999 206 58,935,020.82 19.12 359 41.35 7.731 589 82.96
8.000 - 8.499 97 20,636,042.80 6.69 358 38.38 8.200 581 85.72
8.500 - 8.999 92 21,221,539.01 6.88 359 42.20 8.681 577 83.75
9.000 - 9.499 25 4,781,833.26 1.55 359 39.68 9.271 586 86.18
9.500 - 9.999 23 5,470,691.78 1.77 359 43.83 9.729 568 81.46
10.000 - 10.499 4 744,322.26 0.24 358 52.29 10.141 547 77.86
10.500 - 10.999 11 3,191,712.41 1.04 359 45.07 10.779 547 79.45
11.000 - 11.499 3 1,329,213.91 0.43 359 46.07 11.383 531 76.15
11.500 - 11.999 3 507,500.61 0.16 359 26.73 11.877 531 72.54
13.000 - 13.499 2 123,051.13 0.04 359 25.85 13.099 539 67.08
13.500 - 13.999 1 46,114.17 0.01 356 39.00 13.800 601 65.00
14.000 - 14.499 1 77,986.59 0.03 359 47.00 14.25 529 65.00
=======================================================================================================
TOTAL: 1,026 308,248,910.55 100.00 359 40.65 7.251 603 82.24
-------------------------------------------------------------------------------------------------------
MARGINS OF THE ADJUSTABLE-RATE LOANS
--------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
RANGE OF NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
MORTGAGE MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
MARGINS (%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------
3.000 - 3.249 1 406,632.06 0.13 359 39.00 6.500 619 70.78
3.250 - 3.499 2 1,045,005.09 0.34 359 35.95 6.255 658 78.90
4.500 - 4.749 23 5,554,745.58 1.80 357 37.49 7.410 603 83.91
4.750 - 4.999 11 4,344,362.35 1.41 358 42.87 6.113 721 84.51
5.000 - 5.249 27 11,212,762.89 3.64 359 41.77 6.300 687 85.01
5.250 - 5.499 14 6,007,264.06 1.95 359 45.09 6.321 657 84.08
5.500 - 5.749 51 20,034,601.23 6.50 359 39.00 6.783 637 81.55
5.750 - 5.999 49 20,262,478.01 6.57 359 41.77 6.734 610 82.60
6.000 - 6.249 728 200,151,118.35 64.93 359 40.17 7.268 599 83.08
6.250 - 6.499 27 11,046,376.81 3.58 359 41.86 7.938 572 79.76
6.500 - 6.749 67 19,876,274.42 6.45 358 42.97 8.240 561 78.38
6.750 - 6.999 21 7,466,436.34 2.42 359 43.00 8.435 532 69.66
7.000 - 7.249 5 840,853.36 0.27 358 44.67 9.621 516 62.67
========================================================================================================
TOTAL: 1,026 308,248,910.55 100.00 359 40.65 7.251 603 82.24
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NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
-----------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
NEXT RATE NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
ADJUSTMENT MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
DATE (YEAR-MONTH) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------
2006-02 2 473,875.20 0.15 353 38.03 6.469 711 90.00
2006-04 20 7,086,636.64 2.30 355 42.74 6.912 599 86.12
2006-05 14 2,846,058.77 0.92 356 33.32 6.962 604 79.30
2006-06 56 11,590,265.03 3.76 357 41.27 7.434 590 84.75
2006-07 174 37,708,557.11 12.23 358 38.93 7.246 597 81.93
2006-08 573 198,483,988.69 64.39 359 41.27 7.228 602 81.25
2006-09 22 6,950,310.00 2.25 360 37.82 7.555 602 79.81
2007-03 1 407,629.42 0.13 354 52.00 9.950 541 75.00
2007-04 5 1,108,276.20 0.36 355 30.68 7.229 570 87.18
2007-05 1 63,526.41 0.02 356 20.00 6.700 588 88.54
2007-06 8 2,448,459.13 0.79 357 42.65 6.869 635 92.11
2007-07 59 15,417,128.77 5.00 358 38.91 7.294 624 86.47
2007-08 86 23,140,599.18 7.51 359 40.22 7.384 610 85.79
2007-09 5 523,600.00 0.17 360 41.31 7.654 599 81.03
===========================================================================================================
TOTAL: 1,026 308,248,910.55 100 359 40.65 7.251 603 82.24
-----------------------------------------------------------------------------------------------------------
INITIAL PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
--------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
INITIAL NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
PERIODIC RATE MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
CAP (%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------
2.000 1,026 308,248,910.55 100.00 359 40.65 7.251 603 82.24
========================================================================================================
TOTAL: 1,026 308,248,910.55 100.00 359 40.65 7.251 603 82.24
--------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
--------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE BALANCE REMAINING DEBT-
SUBSEQUENT NUMBER OF AS OF AS OF TERM TO TO- MORTGAGE
PERIODIC RATE MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
CAP (%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
--------------------------------------------------------------------------------------------------------
1.000 1,026 308,248,910.55 100.00 359 40.65 7.251 603 82.24
========================================================================================================
TOTAL: 1,026 308,248,910.55 100.00 359 40.65 7.251 603 82.24
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