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 2, 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 0.53% of the Group I Mortgage Loans are secured by
second liens.
Each adjustable-rate Mortgage Loan will accrue interest at the
adjustable-rate calculated as specified under the terms of the related mortgage
note and each fixed-rate Mortgage Loan will have a Mortgage Rate that is fixed
for the life of such Mortgage (each such rate, a "Mortgage Rate").
Approximately 94.57% and approximately 5.43% of the Mortgage Loans, by
aggregate scheduled principal balance as of the Cut-off Date, were originated by
the Seller's wholesale lending affiliates, Argent Mortgage Company, LLC
("Argent") and Olympus Mortgage Company ("Olympus" and together with Argent, the
"Originators"), respectively.
Each adjustable-rate Mortgage Loan will accrue interest at a Mortgage
Rate that is adjustable. The adjustable-rate Mortgage Loans will provide for
semi-annual adjustment to the Mortgage Rate thereon and for corresponding
adjustments to the monthly payment amount due thereon, in each case on each
adjustment date applicable thereto (each such date, an "Adjustment Date");
provided, that the first adjustment for approximately 74.36% of the
adjustable-rate Group I Mortgage Loans and approximately 76.52% 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 25.64%
of the adjustable-rate Group I Mortgage Loans and approximately 23.48% of the
adjustable-rate Group II Mortgage Loans will occur after an initial period of
three years after origination. On each Adjustment Date for each adjustable-rate
Mortgage Loan, the Mortgage Rate thereon will be adjusted (subject to rounding)
to equal the sum of the applicable Index (as defined below) and a fixed
percentage amount (the "Gross Margin"). The Mortgage Rate on each
adjustable-rate Mortgage Loan will not decrease on the first related Adjustment
Date, will not increase by more than 2% per annum on the first related
Adjustment Date (the "Initial Periodic Rate Cap") and will not increase or
decrease by more than 1% per annum on any Adjustment Date thereafter (the
"Periodic Rate Cap"). Each Mortgage Rate on each adjustable-rate Mortgage Loan
will not exceed a specified maximum Mortgage Rate over the life of such Mortgage
Loan (the "Maximum Mortgage Rate") or be less than a specified minimum Mortgage
Rate over the life of such Mortgage Loan (the "Minimum Mortgage Rate").
Effective with the first monthly payment due on each adjustable-rate Mortgage
Loan after each related Adjustment Date, the monthly payment amount will be
adjusted to an amount that will amortize fully the outstanding principal balance
of the related Mortgage Loan over its remaining term, and pay interest at the
Mortgage Rate as so adjusted. Due to the application of the Periodic Rate Caps
and the Maximum Mortgage Rates, the Mortgage Rate on each such adjustable-rate
Mortgage Loan, as adjusted on any related Adjustment Date, may be less than the
sum of the Index and the related Gross Margin, rounded as described herein. None
of the adjustable-rate Mortgage Loans permits the related mortgagor to convert
the adjustable Mortgage Rate thereon to a fixed Mortgage Rate.
The Mortgage Loans have scheduled monthly payments due on the first day
of the month (with respect to each Mortgage Loan, a "Due Date"). Each Mortgage
Loan contains a customary "due-on-sale" clause which provides that (subject to
state and federal restrictions) the Mortgage Loan must be repaid at the time of
sale of the related mortgaged property or with the consent of the holder of the
mortgage note assumed by a creditworthy purchaser of the related mortgaged
property.
None of the Mortgage Loans will be buydown mortgage loans.
For purposes of calculating interest and principal distributions on the
Class A Certificates, the Mortgage Loans will be divided into two loan groups,
designated as the "Group I Mortgage Loans" and the "Group II Mortgage Loans."
The Group I Mortgage Loans will consist of adjustable-rate and fixed-rate
mortgage loans with principal balances at origination that conform to Freddie
Mac and Xxxxxx Xxx loan limits and the Group II Mortgage Loans will consist of
adjustable-rate and fixed-rate mortgage loans with principal balances at
origination that may or may not conform to Freddie Mac or Xxxxxx Xxx loan
limits.
Approximately 70.46% of the Group I Mortgage Loans and approximately
74.87% 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 11,800 adjustable-rate and fixed-rate
Mortgage Loans having an aggregate principal balance as of the Cut-off Date of
approximately $ 1,999,999,991.46 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 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 Mortgage Loan is September 1, 2034.
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COLLATERAL TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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2-yr Fixed/Adjustable
Rate 6,957 1,202,483,115.41 60.12 358 39.55 7.551 602 85.18
3-yr Fixed/Adjustable
Rate 2,204 402,146,599.75 20.11 358 38.47 7.439 619 86.19
FIXED 2,639 395,370,276.30 19.77 349 38.87 7.202 633 80.07
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TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
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PRINCIPAL BALANCES AT ORIGINATION
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PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (MONTHS)* (%)* (%)* FICO* (%)*
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0.01 - 50,000.00 216 7,906,901.00 0.39 353 37.44 10.211 642 91.15
50,000.01 - 100,000.00 3,278 254,776,686.00 12.72 351 36.30 7.967 602 83.32
100,000.01 - 150,000.00 2,992 371,476,088.00 18.55 355 37.95 7.606 604 84.37
150,000.01 - 200,000.00 1,947 336,935,216.00 16.83 357 38.60 7.543 607 84.32
200,000.01 - 250,000.00 1,165 260,542,532.00 13.01 358 40.02 7.368 611 83.67
250,000.01 - 300,000.00 795 217,673,328.00 10.87 357 40.88 7.336 613 84.79
300,000.01 - 350,000.00 522 169,490,443.00 8.46 358 41.30 7.290 618 85.67
350,000.01 - 400,000.00 389 145,193,540.00 7.25 359 40.95 7.162 624 86.08
400,000.01 - 450,000.00 203 86,000,949.00 4.30 359 40.01 7.219 629 86.05
450,000.01 - 500,000.00 198 95,670,566.00 4.78 359 39.90 6.928 627 83.43
500,000.01 - 550,000.00 36 19,056,720.00 0.95 359 41.61 6.706 632 84.69
550,000.01 - 600,000.00 24 13,741,750.00 0.69 359 39.82 6.679 643 81.07
600,000.01 - 650,000.00 13 8,081,190.00 0.40 359 39.67 6.623 625 78.18
650,000.01 - 700,000.00 7 4,761,900.00 0.24 359 48.41 7.364 598 80.96
700,000.01 - 750,000.00 15 10,966,150.00 0.55 359 38.19 6.747 618 75.71
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TOTAL: 11,800 2,002,273,959.00 100.00 356 39.20 7.459 612 84.37
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* Based on the original balances of the Mortgage Loans.
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PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
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PRINCIPAL REMAINING
RANGE OF PRINCIPAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
BALANCES AS OF THE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
CUT-OFF DATE ($) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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0.01 - 50,000.00 218 7,998,938.73 0.40 352 37.23 10.178 643 90.96
50,000.01 - 100,000.00 3,278 254,556,572.77 12.73 352 36.30 7.968 602 83.31
100,000.01 - 150,000.00 2,998 372,037,717.23 18.60 355 37.96 7.607 604 84.42
150,000.01 - 200,000.00 1,939 335,363,804.95 16.77 357 38.60 7.542 606 84.28
200,000.01 - 250,000.00 1,169 261,255,073.36 13.06 358 40.03 7.366 611 83.70
250,000.01 - 300,000.00 797 218,233,222.79 10.91 357 40.88 7.340 613 84.75
300,000.01 - 350,000.00 516 167,511,583.76 8.38 358 41.30 7.288 618 85.71
350,000.01 - 400,000.00 390 145,429,548.07 7.27 359 40.97 7.161 624 86.05
400,000.01 - 450,000.00 202 85,502,488.39 4.28 359 39.98 7.221 629 86.10
450,000.01 - 500,000.00 198 95,553,925.75 4.78 359 39.90 6.928 627 83.43
500,000.01 - 550,000.00 36 19,036,671.64 0.95 359 41.61 6.706 631 84.69
550,000.01 - 600,000.00 24 13,731,308.13 0.69 359 39.82 6.679 643 81.07
600,000.01 - 650,000.00 13 8,073,834.94 0.40 359 39.67 6.624 624 78.18
650,000.01 - 700,000.00 7 4,758,138.70 0.24 359 48.41 7.364 598 80.96
700,000.01 - 750,000.00 15 10,957,162.25 0.55 359 38.19 6.748 618 75.71
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TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
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REMAINING TERM TO MATURITY
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MONTHS MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
REMAINING LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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120 - 180 139 14,332,698.73 0.72 179 37.00 7.094 629 72.93
181 - 240 132 14,101,830.03 0.71 238 38.59 7.137 624 75.80
241 - 360 11,529 1,971,565,462.70 98.58 359 39.22 7.464 612 84.52
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TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
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MORTGAGE RATE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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5.500 - 5.999 493 123,619,996.10 6.18 354 40.43 5.858 651 76.33
6.000 - 6.499 1,097 231,886,392.28 11.59 355 39.25 6.248 637 80.00
6.500 - 6.999 1,954 376,246,544.35 18.81 356 39.27 6.744 625 83.13
7.000 - 7.499 1,864 323,413,313.17 16.17 357 39.15 7.239 614 85.33
7.500 - 7.999 2,415 396,618,331.90 19.83 357 39.25 7.738 604 86.73
8.000 - 8.499 1,532 229,568,872.19 11.48 357 38.81 8.225 594 87.29
8.500 - 8.999 1,275 184,890,230.37 9.24 358 38.72 8.709 585 86.80
9.000 - 9.499 507 67,454,883.39 3.37 357 38.81 9.198 582 86.74
9.500 - 9.999 283 35,360,254.71 1.77 357 39.39 9.711 575 84.35
10.000 - 10.499 100 11,947,451.88 0.60 358 38.93 10.191 562 79.25
10.500 - 10.999 91 7,943,549.82 0.40 357 40.42 10.742 579 80.25
11.000 - 11.499 77 4,590,613.18 0.23 354 38.24 11.182 614 84.70
11.500 - 11.999 50 3,189,019.43 0.16 355 40.28 11.738 601 86.68
12.000 - 12.499 46 2,487,259.35 0.12 359 37.65 12.205 623 96.12
12.500 - 12.999 16 783,279.34 0.04 359 39.72 12.629 632 100.00
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TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
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ORIGINAL LOAN-TO-VALUE RATIOS
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PRINCIPAL REMAINING
RANGE OF ORIGINAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
LOAN-TO-VALUE RATIOS MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
(%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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<= 25.00 13 1,482,313.03 0.07 345 37.83 6.887 636 19.76
25.01 - 30.00 13 1,211,484.04 0.06 350 38.30 6.975 626 27.44
30.01 - 35.00 20 2,386,583.90 0.12 335 41.93 6.829 610 32.98
35.01 - 40.00 24 3,152,215.94 0.16 347 38.70 7.455 595 38.34
40.01 - 45.00 49 6,635,779.43 0.33 331 37.49 6.988 599 43.10
45.01 - 50.00 94 13,037,170.05 0.65 341 38.05 7.044 595 47.96
50.01 - 55.00 127 19,319,414.14 0.97 347 39.15 6.990 588 52.75
55.01 - 60.00 205 34,200,145.34 1.71 352 39.45 6.979 596 58.05
60.01 - 65.00 353 60,294,693.72 3.01 355 41.02 7.296 583 63.39
65.01 - 70.00 599 107,220,493.62 5.36 355 39.01 7.426 581 68.70
70.01 - 75.00 892 155,991,278.49 7.80 356 40.53 7.414 581 74.06
75.01 - 80.00 2,080 355,562,162.30 17.78 357 38.73 7.077 616 79.59
80.01 - 85.00 1,111 190,904,137.30 9.55 357 38.71 7.317 596 84.48
85.01 - 90.00 2,746 450,089,592.41 22.50 358 38.37 7.628 607 89.72
90.01 - 95.00 3,000 547,278,553.97 27.36 357 39.91 7.584 633 94.83
95.01 - 100.00 474 51,233,973.78 2.56 357 38.56 8.964 671 99.96
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TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
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FICO SCORE AT ORIGINATION
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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500 - 519 615 94,064,877.58 4.70 358 41.50 8.201 510 76.17
520 - 539 1,024 159,714,680.55 7.99 358 40.48 7.982 530 77.31
540 - 559 1,153 180,573,849.74 9.03 357 39.81 7.838 551 80.29
560 - 579 1,025 165,817,769.33 8.29 357 39.82 7.704 569 81.13
580 - 599 1,352 223,519,089.14 11.18 356 39.04 7.589 589 85.35
600 - 619 1,670 283,916,749.19 14.20 356 39.56 7.433 609 87.31
620 - 639 1,638 284,799,902.19 14.24 356 39.22 7.257 629 87.29
640 - 659 1,143 206,451,994.15 10.32 356 38.52 7.152 649 86.66
660 - 679 773 138,654,965.36 6.93 356 38.77 7.163 668 86.48
680 - 699 617 114,382,616.84 5.72 357 37.61 7.015 688 87.62
700 - 719 341 64,768,150.03 3.24 357 37.78 7.010 709 87.01
720 - 739 214 40,425,326.72 2.02 356 38.16 7.038 729 86.40
740 - 759 129 23,341,528.10 1.17 354 37.12 6.979 748 83.19
760 - 779 79 15,346,086.42 0.77 352 32.33 6.807 768 81.76
780 - 799 25 3,979,452.03 0.20 351 30.26 6.774 787 76.80
800 - 819 2 242,954.09 0.01 358 43.98 6.238 805 81.70
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TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
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DEBT-TO-INCOME RATIO
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PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
DEBT-TO-INCOME RATIOS MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
(%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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<= 20.00 676 96,754,842.25 4.84 355 14.75 7.522 625 83.53
20.01 - 25.00 643 89,833,949.16 4.49 356 23.31 7.473 616 83.39
25.01 - 30.00 1,062 158,457,383.92 7.92 356 28.25 7.519 615 83.73
30.01 - 35.00 1,564 244,460,602.59 12.22 356 33.17 7.468 614 83.76
35.01 - 40.00 2,091 347,900,721.19 17.40 357 38.14 7.440 616 84.89
40.01 - 45.00 2,717 482,770,066.07 24.14 357 43.10 7.461 617 85.85
45.01 - 50.00 2,713 512,796,560.48 25.64 357 48.09 7.439 604 85.62
50.01 - 55.00 334 67,025,865.80 3.35 356 53.04 7.429 571 67.81
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TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
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GEOGRAPHIC DISTRIBUTION
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
STATE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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AK 36 5,792,552.27 0.29 359 38.82 7.779 613 85.86
AL 83 9,555,031.49 0.48 356 38.40 7.937 605 85.26
AR 11 1,057,430.43 0.05 358 36.18 8.056 616 91.78
AZ 615 75,283,902.02 3.76 353 36.92 7.497 617 87.18
CA 2,085 537,692,844.04 26.88 357 40.65 7.034 612 79.97
CO 188 31,444,153.93 1.57 357 38.38 7.297 616 87.07
CT 179 31,319,100.00 1.57 356 38.03 7.812 606 85.07
DE 15 2,512,222.57 0.13 359 40.63 7.757 570 85.50
FL 1,437 210,611,151.20 10.53 356 39.00 7.610 613 85.94
GA 249 33,501,242.75 1.68 357 36.86 7.708 617 87.68
HI 67 19,578,658.25 0.98 356 37.25 6.597 638 81.76
IA 74 7,066,854.01 0.35 358 36.41 8.029 600 89.28
ID 22 2,425,717.97 0.12 359 38.22 8.038 587 88.35
IL 1,008 164,749,172.68 8.24 358 39.36 7.780 619 87.20
IN 222 21,975,386.43 1.10 356 38.19 7.656 606 88.08
KS 68 8,837,800.90 0.44 359 36.96 7.971 603 88.59
KY 75 8,206,803.75 0.41 355 35.22 7.717 594 87.51
LA 108 12,597,814.61 0.63 352 37.26 7.810 597 86.55
MA 249 61,495,483.67 3.07 358 39.84 7.247 619 83.92
MD 301 57,304,520.58 2.87 356 37.87 7.506 600 84.99
ME 15 2,262,383.38 0.11 359 37.85 7.708 589 82.78
MI 621 73,269,185.02 3.66 357 38.21 7.682 598 86.73
MN 214 37,332,318.84 1.87 358 39.47 7.497 613 85.78
MO 237 22,729,064.27 1.14 356 39.32 7.765 602 86.45
MS 60 5,911,322.13 0.30 355 37.36 7.731 599 88.81
MT 2 346,687.08 0.02 356 43.81 8.123 578 82.99
NC 142 15,181,907.52 0.76 356 36.26 7.769 598 85.37
ND 11 1,152,038.92 0.06 358 36.88 7.430 621 89.74
NE 53 5,826,537.66 0.29 359 36.89 7.883 584 87.37
NH 22 3,877,577.38 0.19 359 44.27 7.306 599 84.38
NJ 135 33,199,151.12 1.66 359 39.04 7.531 635 89.05
NM 36 4,420,597.46 0.22 358 37.62 7.639 643 87.58
NV 272 52,403,247.77 2.62 357 39.86 7.629 608 83.51
NY 538 155,545,794.32 7.78 358 40.40 7.496 623 84.71
OH 521 51,624,313.24 2.58 353 37.37 7.729 597 87.39
OK 62 6,161,196.65 0.31 357 35.56 8.356 596 87.77
OR 73 10,684,850.97 0.53 358 38.02 7.474 609 83.89
PA 282 37,212,598.34 1.86 354 37.96 7.545 597 83.56
RI 87 16,997,560.99 0.85 359 39.94 7.261 614 81.27
SC 87 8,275,330.14 0.41 347 40.51 7.890 589 85.29
SD 9 803,831.80 0.04 359 32.92 7.545 610 84.88
TN 137 13,585,616.86 0.68 351 36.56 7.959 596 87.37
TX 550 61,680,256.77 3.08 348 36.84 7.849 604 85.94
UT 150 19,756,719.71 0.99 358 38.97 7.643 618 88.86
VT 4 594,771.72 0.03 358 40.38 7.674 584 85.08
WA 213 36,390,149.94 1.82 358 39.40 7.588 608 86.07
WI 161 18,014,141.52 0.90 358 38.62 8.112 608 86.68
WY 14 1,752,996.39 0.09 359 40.89 7.729 587 86.84
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TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
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OCCUPANCY STATUS
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OCCUPANCY MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
STATUS* LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Owner Occupied 10,575 1,828,714,010.95 91.44 356 39.79 7.428 608 84.34
Non-owner Occupied 1,112 152,664,391.01 7.63 357 32.21 7.840 647 84.87
Second Home 113 18,621,589.50 0.93 356 38.56 7.414 645 83.90
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TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
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* Based on mortgagor representation at origination.
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DOCUMENTATION TYPE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
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Full Docs 7,230 1,155,943,394.16 57.80 356 39.46 7.294 600 83.23
Stated Docs 3,876 718,082,454.76 35.90 358 39.33 7.716 632 85.96
Limited Docs 694 125,974,142.54 6.30 358 36.10 7.520 603 85.86
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TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
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LOAN PURPOSE
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PURPOSE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
REFI-CASH OUT** 6,445 1,136,125,804.88 56.81 356 39.62 7.329 596 81.00
PURCHASE 4,750 781,508,073.90 39.08 358 38.66 7.653 635 89.36
REFI-NO CASHOUT*** 605 82,366,112.68 4.12 353 38.56 7.420 608 83.56
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
----------------------------------------------------------------------------------------------------------------------------------
** 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 $2,000 of the original principal balance of the related loan.
Excludes home equity loans originated in Texas with any cash proceeds.
----------------------------------------------------------------------------------------------------------------------------------
CREDIT GRADE
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RISK CATEGORY LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
1 8,244 1,385,911,106.82 69.30 356 38.96 7.331 626 86.42
2 822 149,193,414.15 7.46 357 39.87 7.496 590 83.18
3 940 153,586,502.21 7.68 356 38.52 7.601 582 82.93
4 681 106,423,223.32 5.32 357 40.08 7.823 567 77.82
5 457 75,286,160.78 3.76 358 40.91 8.098 549 71.07
6 131 20,957,794.39 1.05 358 40.85 9.641 551 66.50
A+ 248 52,671,458.87 2.63 356 38.78 7.393 625 83.74
A 136 29,129,884.83 1.46 358 41.12 7.471 595 81.10
A- 38 6,634,370.22 0.33 357 38.59 7.811 543 79.43
B 37 7,288,122.35 0.36 359 41.78 7.992 544 73.56
C 39 6,686,987.92 0.33 359 39.76 8.696 542 70.65
C- 27 6,230,965.60 0.31 358 42.70 8.697 562 77.98
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
PROPERTY TYPE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 8,805 1,459,088,235.55 72.95 356 39.33 7.440 608 84.20
Two-to-Four Family 901 194,390,872.72 9.72 358 38.46 7.575 632 84.78
PUD Detached 997 193,234,213.09 9.66 357 39.67 7.445 612 85.54
Condominium 734 113,606,298.06 5.68 357 38.61 7.550 624 85.99
Manufactured/Mobile Housing 312 31,480,906.08 1.57 354 37.26 7.448 617 76.67
PUD Attached 35 6,115,312.66 0.31 358 36.20 7.240 618 85.19
Single Family Attached 16 2,084,153.30 0.10 353 41.90 7.895 600 85.50
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM AT ORIGINATION
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
PREPAYMENT CHARGE NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
TERM AT ORIGINATION MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
(MONTHS) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
0 3,422 566,160,730.62 28.31 357 38.99 7.722 616 86.23
12 460 101,684,432.68 5.08 357 39.52 7.563 622 82.62
24 4,185 717,110,038.81 35.86 358 39.36 7.536 603 84.74
30 1 242,819.65 0.01 359 48.00 7.500 608 90.00
36 3,732 614,801,969.70 30.74 354 39.15 7.112 617 82.52
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 10,875 1,621,131,044.53 81.06 356 38.86 7.541 609 84.26
Non-Conforming
Balance 925 378,868,946.93 18.94 358 40.65 7.110 623 84.87
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 11,800 1,999,999,991.46 100.00 356 39.20 7.460 612 84.37
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MAXIMUM MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
11.500 - 11.999 303 68,649,093.39 4.28 358 39.90 5.853 638 80.91
12.000 - 12.499 755 158,745,093.02 9.89 358 39.52 6.261 631 82.17
12.500 - 12.999 1,452 291,507,850.69 18.17 358 39.29 6.747 623 84.48
13.000 - 13.499 1,557 277,206,489.70 17.28 358 39.14 7.239 612 85.83
13.500 - 13.999 1,999 343,450,722.48 21.40 358 39.43 7.738 602 87.11
14.000 - 14.499 1,269 198,215,591.69 12.35 358 38.99 8.225 591 87.44
14.500 - 14.999 1,076 162,952,304.72 10.16 359 39.04 8.709 583 86.82
15.000 - 15.499 416 58,232,582.12 3.63 359 38.90 9.200 579 86.67
15.500 - 15.999 201 27,643,295.39 1.72 359 39.70 9.721 566 83.43
16.000 - 16.499 69 9,459,525.55 0.59 359 40.00 10.196 552 76.37
16.500 - 16.999 38 5,216,734.62 0.33 359 40.56 10.717 537 71.18
17.000 - 17.499 17 1,794,632.49 0.11 359 39.93 11.148 535 66.33
17.500 - 17.999 7 1,233,889.10 0.08 359 42.15 11.791 523 69.86
18.000 - 18.499 2 321,910.20 0.02 359 22.68 12.116 523 70.00
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,161 1,604,629,715.16 100.00 358 39.28 7.523 607 85.43
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MINIMUM MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 303 68,649,093.39 4.28 358 39.90 5.853 638 80.91
6.000 - 6.499 755 158,745,093.02 9.89 358 39.52 6.261 631 82.17
6.500 - 6.999 1,452 291,507,850.69 18.17 358 39.29 6.747 623 84.48
7.000 - 7.499 1,557 277,206,489.70 17.28 358 39.14 7.239 612 85.83
7.500 - 7.999 1,999 343,450,722.48 21.40 358 39.43 7.738 602 87.11
8.000 - 8.499 1,269 198,215,591.69 12.35 358 38.99 8.225 591 87.44
8.500 - 8.999 1,076 162,952,304.72 10.16 359 39.04 8.709 583 86.82
9.000 - 9.499 416 58,232,582.12 3.63 359 38.90 9.200 579 86.67
9.500 - 9.999 201 27,643,295.39 1.72 359 39.70 9.721 566 83.43
10.000 - 10.499 69 9,459,525.55 0.59 359 40.00 10.196 552 76.37
10.500 - 10.999 38 5,216,734.62 0.33 359 40.56 10.717 537 71.18
11.000 - 11.499 17 1,794,632.49 0.11 359 39.93 11.148 535 66.33
11.500 - 11.999 7 1,233,889.10 0.08 359 42.15 11.791 523 69.86
12.000 - 12.499 2 321,910.20 0.02 359 22.68 12.116 523 70.00
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,161 1,604,629,715.16 100.00 358 39.28 7.523 607 85.43
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
MARGINS OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MARGINS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 194 30,220,677.98 1.88 358 38.01 7.407 604 85.37
5.500 - 5.749 365 77,553,965.83 4.83 359 39.65 7.530 602 83.73
5.750 - 5.999 2 636,789.67 0.04 359 46.74 6.344 570 78.70
6.000 - 6.249 8,188 1,431,304,849.73 89.20 358 39.28 7.508 608 85.60
6.250 - 6.499 4 872,833.27 0.05 359 43.03 6.551 620 93.29
6.500 - 6.749 336 50,405,792.37 3.14 357 38.44 7.706 593 86.21
6.750 - 6.999 1 58,453.90 0.00 359 34.00 7.200 677 90.00
7.000 - 7.249 71 13,576,352.41 0.85 359 42.24 8.713 550 74.51
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,161 1,604,629,715.16 100.00 358 39.28 7.523 607 85.43
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
NEXT RATE ADJUSTMENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
DATE (YEAR-MONTH) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
2006-02 10 1,409,372.55 0.09 353 39.75 7.871 566 80.49
2006-03 11 1,973,871.70 0.12 354 32.26 7.337 609 86.57
2006-04 58 9,771,805.97 0.61 355 38.54 7.324 587 88.29
2006-05 106 17,655,911.26 1.10 356 38.60 7.315 572 79.58
2006-06 373 62,014,183.66 3.86 357 39.50 7.580 594 87.21
2006-07 1,852 294,483,576.22 18.35 358 39.50 7.532 604 86.46
2006-08 4,196 748,576,777.05 46.65 359 39.56 7.524 604 84.77
2006-09 351 66,597,617.00 4.15 360 40.33 8.007 589 83.33
2007-02 2 327,823.72 0.02 353 24.65 6.081 607 82.17
2007-03 1 322,260.98 0.02 354 35.00 6.625 511 90.00
2007-04 12 2,301,715.15 0.14 355 37.90 7.180 605 89.06
2007-05 26 4,693,565.81 0.29 356 40.52 6.789 580 82.63
2007-06 85 15,537,709.38 0.97 357 40.30 7.356 616 87.65
2007-07 530 91,785,222.78 5.72 357 37.65 7.446 620 89.11
2007-08 1,427 263,289,962.93 16.41 359 38.42 7.429 621 85.30
2007-09 121 23,888,339.00 1.49 360 40.80 7.761 603 84.36
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,161 1,604,629,715.16 100.00 358 39.28 7.523 607 85.43
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INITIAL PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
2.000 9,161 1,604,629,715.16 100.00 358 39.28 7.523 607 85.43
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,161 1,604,629,715.16 100.00 358 39.28 7.523 607 85.43
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
SUBSEQUENT PERIODIC MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATE CAP (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
1.000 9,161 1,604,629,715.16 100.00 358 39.28 7.523 607 85.43
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,161 1,604,629,715.16 100.00 358 39.28 7.523 607 85.43
----------------------------------------------------------------------------------------------------------------------------------
GROUP I MORTGAGE LOAN STATISTICS
The Group I Mortgage Loans consist of 9,409 Adjustable-rate and
Fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $1,441,470,841.07 after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date. None of the Group I Mortgage Loans had a first Due Date prior to
March 1, 2004 or after October 1, 2004, or will have a remaining term to stated
maturity of less than 175 months or greater than 360 months as of the Cut-off
Date. The latest maturity date of any Group I Mortgage Loan is September 1,
2034.
-----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2-yr Fixed/Adjustable Rate 5,584 873,269,710.51 60.58 358 39.39 7.616 601 84.87
3-yr Fixed/Adjustable Rate 1,824 301,130,210.41 20.89 358 38.51 7.473 616 85.67
FIXED 2,001 267,070,920.15 18.53 348 38.63 7.340 628 80.30
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES OLTV
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (MONTHS)* (%)* (%)* FICO* (%)*
-----------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 193 6,833,021.00 0.47 355 37.42 10.562 648 93.95
50,000.01 - 100,000.00 2,492 195,337,748.00 13.54 352 36.39 7.946 603 83.17
100,000.01 - 150,000.00 2,649 329,730,464.00 22.85 355 38.15 7.618 604 84.27
150,000.01 - 200,000.00 1,800 311,765,598.00 21.60 357 38.77 7.541 606 84.30
200,000.01 - 250,000.00 1,075 240,583,331.00 16.67 358 40.17 7.364 610 83.41
250,000.01 - 300,000.00 732 200,416,283.00 13.89 357 40.91 7.325 612 84.56
300,000.01 - 350,000.00 361 115,094,500.00 7.98 359 41.34 7.299 618 85.40
350,000.01 - 400,000.00 58 21,593,000.00 1.50 359 40.14 7.231 627 85.15
400,000.01 - 450,000.00 32 13,394,765.00 0.93 359 38.79 7.010 664 85.78
450,000.01 - 500,000.00 15 7,214,150.00 0.50 359 41.62 6.772 644 84.49
500,000.01 - 550,000.00 1 510,000.00 0.04 359 47.00 6.750 661 85.00
600,001.01 - 650,000.00 1 621,000.00 0.04 359 22.00 6.500 706 82.80
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,409 1,443,093,860.00 100.00 356 39.07 7.535 609 84.19
-----------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF PRINCIPAL NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
BALANCES AS OF THE CUT-OFF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
DATE ($) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 194 6,878,440.78 0.48 354 37.26 10.535 648 93.71
50,000.01 - 100,000.00 2,492 195,151,862.07 13.54 352 36.40 7.947 603 83.18
100,000.01 - 150,000.00 2,656 330,443,828.97 22.92 356 38.15 7.618 604 84.31
150,000.01 - 200,000.00 1,792 310,221,608.53 21.52 357 38.78 7.541 606 84.26
200,000.01 - 250,000.00 1,079 241,319,939.86 16.74 358 40.17 7.362 610 83.43
250,000.01 - 300,000.00 734 200,994,050.36 13.94 357 40.91 7.330 612 84.51
300,000.01 - 350,000.00 355 113,171,536.69 7.85 359 41.35 7.295 619 85.45
350,000.01 - 400,000.00 58 21,569,534.72 1.50 359 40.14 7.231 627 85.15
400,000.01 - 450,000.00 32 13,381,745.53 0.93 359 38.79 7.010 664 85.78
450,000.01 - 500,000.00 15 7,208,294.07 0.50 359 41.63 6.772 644 84.49
500,000.01 - 550,000.00 1 509,560.89 0.04 359 47.00 6.750 661 85.00
600,000.01 - 650,000.00 1 620,438.60 0.04 359 22.00 6.500 706 82.80
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
120 - 180 100 10,691,883.16 0.74 179 36.52 7.099 635 71.55
181 - 240 101 11,317,855.44 0.79 239 38.64 7.044 625 74.83
241 - 360 9,208 1,419,461,102.47 98.47 359 39.09 7.542 609 84.36
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 346 68,014,968.26 4.72 351 39.95 5.856 644 75.37
6.000 - 6.499 818 149,007,875.87 10.34 355 39.32 6.245 637 78.76
6.500 - 6.999 1,520 261,846,448.59 18.17 356 39.04 6.744 626 82.39
7.000 - 7.499 1,478 232,535,072.09 16.13 357 39.20 7.241 614 85.15
7.500 - 7.999 1,978 302,912,935.73 21.01 357 39.03 7.738 603 86.56
8.000 - 8.499 1,263 176,589,980.81 12.25 356 38.65 8.231 591 87.02
8.500 - 8.999 1,049 145,484,393.33 10.09 358 38.83 8.707 582 86.78
9.000 - 9.499 422 54,358,940.34 3.77 357 39.04 9.197 580 86.67
9.500 - 9.999 227 26,619,091.81 1.85 356 38.85 9.706 574 84.11
10.000 - 10.499 83 10,058,917.38 0.70 358 38.74 10.180 557 78.28
10.500 - 10.999 68 5,730,322.70 0.40 357 40.23 10.735 571 78.46
11.000 - 11.499 66 3,637,739.64 0.25 357 39.14 11.169 602 82.42
11.500 - 11.999 41 2,436,299.65 0.17 354 39.82 11.748 593 85.09
12.000 - 12.499 38 1,774,655.52 0.12 359 37.30 12.216 617 94.56
12.500 - 12.999 12 463,199.35 0.03 359 41.45 12.643 635 100.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF ORIGINAL MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
<= 25.000 12 1,082,712.00 0.08 340 34.45 7.217 596 19.18
25.01 - 30.00 12 1,150,536.05 0.08 350 38.53 6.984 627 27.42
30.01 - 35.00 17 2,197,819.50 0.15 333 42.10 6.719 616 33.10
35.01 - 40.00 18 2,415,053.19 0.17 354 39.93 7.514 592 38.27
40.01 - 45.00 38 5,284,849.99 0.37 324 36.29 6.930 604 43.03
45.01 - 50.00 80 10,848,616.00 0.75 342 38.20 7.038 594 47.94
50.01 - 55.00 103 15,068,409.61 1.05 346 38.38 7.098 582 52.76
55.01 - 60.00 170 25,518,434.56 1.77 352 38.90 7.120 591 58.05
60.01 - 65.00 276 42,876,683.34 2.97 355 40.36 7.381 580 63.44
65.01 - 70.00 471 76,190,355.52 5.29 355 38.59 7.536 580 68.75
70.01 - 75.00 706 111,044,546.68 7.70 356 40.29 7.530 574 74.09
75.01 - 80.00 1,718 266,363,766.84 18.48 357 38.88 7.126 614 79.61
80.01 - 85.00 884 138,909,520.57 9.64 356 38.56 7.394 595 84.48
85.01 - 90.00 2,116 315,982,341.69 21.92 358 38.42 7.733 602 89.71
90.01 - 95.00 2,401 388,983,293.25 26.99 357 39.69 7.666 631 94.83
95.01 - 100.00 387 37,553,902.28 2.61 357 38.08 8.901 670 99.94
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
500 - 519 504 75,312,743.72 5.22 358 41.43 8.234 510 76.49
520 - 539 831 122,095,660.75 8.47 358 40.46 8.083 530 77.56
540 - 559 934 136,832,397.55 9.49 357 39.62 7.913 550 80.51
560 - 579 811 120,085,251.45 8.33 357 39.58 7.803 569 81.18
580 - 599 1,094 166,517,171.71 11.55 356 38.97 7.630 589 85.08
600 - 619 1,326 202,669,738.40 14.06 356 39.23 7.450 609 86.97
620 - 639 1,313 204,215,752.59 14.17 356 39.05 7.319 629 86.98
640 - 659 905 141,690,178.07 9.83 356 38.45 7.205 650 86.16
660 - 679 616 99,599,984.29 6.91 356 38.71 7.185 669 86.65
680 - 699 490 77,635,341.11 5.39 357 37.36 7.109 688 87.82
700 - 719 259 44,162,105.68 3.06 356 37.42 7.057 709 86.97
720 - 739 161 25,245,770.97 1.75 357 37.06 7.216 729 87.50
740 - 759 88 13,671,058.22 0.95 351 36.50 7.079 748 84.45
760 - 779 55 9,061,734.41 0.63 349 31.69 6.854 767 80.59
780 - 799 20 2,432,998.06 0.17 345 30.93 7.080 788 79.66
800 - 819 2 242,954.09 0.02 358 43.98 6.238 805 81.70
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
RATIOS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
<= 20.00 510 66,366,404.45 4.60 354 15.05 7.583 625 83.11
20.01 - 25.00 513 67,966,280.05 4.72 356 23.32 7.558 610 82.59
25.01 - 30.00 841 115,495,952.60 8.01 356 28.28 7.610 609 83.66
30.01 - 35.00 1,261 182,673,280.93 12.67 355 33.15 7.487 614 83.79
35.01 - 40.00 1,713 259,999,349.82 18.04 357 38.10 7.550 614 84.81
40.01 - 45.00 2,176 346,745,337.59 24.05 357 43.10 7.514 613 85.45
45.01 - 50.00 2,137 356,665,827.84 24.74 357 48.08 7.532 600 85.48
50.01 - 55.00 258 45,558,407.79 3.16 355 52.91 7.529 569 67.86
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
STATE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
AK 33 5,038,910.99 0.35 359 38.33 7.951 603 86.92
AL 63 7,366,792.55 0.51 356 37.95 8.034 607 86.79
AR 11 1,057,430.43 0.07 358 36.18 8.056 616 91.78
AZ 473 55,796,380.76 3.87 354 37.33 7.582 618 87.08
CA 1,468 300,547,042.77 20.85 356 40.46 7.170 605 77.96
CO 156 24,081,312.02 1.67 357 39.73 7.384 613 87.38
CT 166 27,358,335.71 1.90 355 37.54 7.835 602 84.47
DE 13 2,215,300.44 0.15 359 40.01 7.775 571 85.50
FL 1,154 166,782,726.18 11.57 357 39.16 7.602 615 86.17
GA 222 27,856,499.17 1.93 356 37.03 7.678 613 87.31
HI 60 17,155,682.58 1.19 355 37.71 6.527 633 81.34
IA 65 6,402,223.89 0.44 359 36.45 8.039 603 89.52
ID 19 2,152,677.97 0.15 359 37.47 8.165 584 89.03
IL 934 145,429,750.76 10.09 358 39.28 7.762 616 86.89
IN 164 16,373,703.81 1.14 356 38.88 7.631 604 87.99
KS 53 5,959,003.33 0.41 359 36.80 8.085 599 88.11
KY 62 7,084,515.12 0.49 357 35.14 7.773 591 88.07
LA 81 9,706,869.04 0.67 353 37.10 7.802 601 87.80
MA 196 42,954,949.81 2.98 358 39.63 7.273 616 82.47
MD 225 40,636,002.35 2.82 356 37.56 7.569 599 84.66
ME 12 1,945,938.02 0.13 359 37.41 7.628 598 84.18
MI 459 54,647,199.67 3.79 358 38.07 7.697 594 87.28
MN 191 31,440,000.44 2.18 358 40.14 7.497 608 85.10
MO 192 18,788,642.60 1.30 356 39.08 7.693 604 86.44
MS 46 4,577,721.89 0.32 357 39.05 7.685 600 89.28
MT 1 137,161.30 0.01 354 42.00 10.450 580 64.65
NC 126 13,341,778.04 0.93 355 36.97 7.759 593 84.84
ND 10 1,080,876.26 0.07 358 38.32 7.461 616 89.39
NE 49 5,236,457.00 0.36 359 37.72 7.816 587 86.66
NH 20 3,528,059.10 0.24 359 44.92 7.384 600 83.99
NJ 113 25,854,836.23 1.79 359 38.40 7.563 635 88.64
NM 32 3,404,231.84 0.24 358 35.76 7.652 622 88.31
NV 211 36,558,135.49 2.54 357 40.11 7.602 608 82.51
NY 375 92,277,827.91 6.40 357 40.16 7.510 618 82.69
OH 386 40,072,304.29 2.78 354 37.59 7.743 596 87.97
OK 56 5,711,463.92 0.40 357 36.26 8.373 595 88.06
OR 66 9,986,936.08 0.69 358 38.09 7.490 611 84.96
PA 229 30,119,036.38 2.09 354 37.77 7.547 599 85.12
RI 78 14,754,900.59 1.02 359 40.55 7.291 611 80.46
SC 82 7,852,508.02 0.54 346 40.71 7.883 588 85.10
SD 9 803,831.80 0.06 359 32.92 7.545 610 84.88
TN 109 11,027,377.95 0.77 356 36.81 7.977 597 88.88
TX 474 51,522,123.29 3.57 348 37.20 7.866 601 85.58
UT 142 18,039,239.51 1.25 358 39.21 7.628 620 88.69
VT 3 419,874.51 0.03 358 40.54 7.268 592 83.14
WA 185 30,698,446.24 2.13 358 39.31 7.568 608 85.99
WI 124 14,256,547.83 0.99 359 39.01 8.057 609 87.23
WY 11 1,431,275.19 0.10 359 41.60 7.649 583 85.01
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TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
-----------------------------------------------------------------------------------------------------------------------------------
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OCCUPANCY STATUS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
OCCUPANCY MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
STATUS* LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 8,542 1,327,368,901.58 92.08 356 39.56 7.510 606 84.17
Non-owner Occupied 777 101,167,755.27 7.02 357 32.68 7.873 646 84.46
Second Home 90 12,934,184.22 0.90 357 38.66 7.478 645 83.51
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
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*Based on mortgagor representation at origination
------------------------------------------------------------------------------------------------------------------------------------
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
INCOME MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
DOCUMENTATION LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 5,828 852,547,789.83 59.14 355 39.28 7.396 596 83.08
Stated Docs 3,092 510,795,115.90 35.44 358 39.01 7.757 632 85.77
Limited Docs 489 78,127,935.34 5.42 358 37.15 7.603 601 85.98
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------------------
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
PURPOSE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
REFI-CASH OUT** 5,115 820,240,864.17 56.90 355 39.41 7.425 594 80.86
PURCHASE 3,776 551,957,151.02 38.29 358 38.60 7.708 631 89.22
REFI-NO CASHOUT*** 518 69,272,825.88 4.81 354 38.73 7.470 604 83.58
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
------------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation payments exceed
2% or $2000 of the original principal balance of the related loan. Also includes
all home equity loans originated in Texas with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation payments do
not exceed 2% or $2000 of the original principal balance of the related loan.
Excludes home equity loans originated in Texas with any cash proceeds.
------------------------------------------------------------------------------------------------------------------------------------
CREDIT GRADE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
RISK CATEGORY LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
1 6,622 999,755,075.09 69.36 356 38.89 7.400 623 86.30
2 608 99,325,419.53 6.89 357 39.64 7.581 587 83.17
3 741 111,745,585.39 7.75 356 38.28 7.671 579 82.52
4 543 80,487,742.44 5.58 357 40.03 7.896 568 78.25
5 364 55,717,786.36 3.87 358 39.98 8.121 548 70.83
6 109 17,917,156.10 1.24 358 41.41 9.671 552 66.05
A+ 197 35,421,324.81 2.46 355 37.36 7.549 626 83.57
A 111 20,542,849.04 1.43 358 41.56 7.481 595 80.57
A- 33 5,739,950.53 0.40 359 38.71 7.752 546 80.31
B 30 5,441,170.94 0.38 359 43.81 8.060 542 72.48
C 31 5,237,706.53 0.36 358 38.63 8.814 530 70.38
C- 20 4,139,074.31 0.29 359 45.06 8.817 548 78.58
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TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
PROPERTY 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
PROPERTY TYPE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 6,983 1,042,049,866.20 72.29 356 39.21 7.528 604 84.11
Two-to-four Family 706 143,764,912.54 9.97 357 38.54 7.576 631 84.02
PUD Detached 798 133,551,077.53 9.26 357 39.32 7.511 612 85.46
Condominium 618 90,099,261.40 6.25 357 38.41 7.607 623 85.52
Manufactured/Mobile Housing 265 26,693,198.59 1.85 354 37.12 7.454 615 77.00
PUD Attached 25 3,372,172.09 0.23 358 38.50 7.396 624 84.74
Single Family Attached 14 1,940,352.72 0.13 352 41.96 8.008 598 85.53
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
PREPAYMENT BALANCE PRINCIPAL REMAINING DEBT-
CHARGE TERM AT NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
ORIGINATION MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
(MONTHS) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
0 2,844 425,774,814.16 29.54 357 38.86 7.739 612 85.64
12 356 65,852,234.35 4.57 356 39.16 7.624 617 81.31
24 3,383 523,109,278.03 36.29 358 39.28 7.620 602 84.56
30 1 242,819.65 0.02 359 48.00 7.500 608 90.00
36 2,825 426,491,694.88 29.59 354 38.99 7.214 613 82.73
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
CONFORMING MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
BALANCE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 9,409 1,441,470,841.07 100.00 356 39.07 7.535 609 84.19
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
RANGE OF MAXIMUM NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
MORTGAGE RATES (%) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
11.500 - 11.999 225 42,946,969.48 3.66 358 39.95 5.848 639 78.90
12.000 - 12.499 581 105,844,636.97 9.01 358 39.32 6.253 635 81.13
12.500 - 12.999 1,138 202,872,730.93 17.27 358 39.15 6.745 624 83.72
13.000 - 13.499 1,250 200,104,031.87 17.04 358 39.08 7.240 611 85.61
13.500 - 13.999 1,647 259,430,787.35 22.09 358 39.21 7.739 600 86.94
14.000 - 14.499 1,047 151,515,722.01 12.90 358 38.91 8.231 588 87.12
14.500 - 14.999 895 127,764,360.41 10.88 359 39.10 8.707 579 86.78
15.000 - 15.499 348 47,425,454.62 4.04 359 39.10 9.197 577 86.41
15.500 - 15.999 166 21,261,503.43 1.81 359 39.24 9.709 567 83.16
16.000 - 16.499 60 8,171,850.37 0.70 359 39.75 10.184 550 76.17
16.500 - 16.999 28 3,990,704.92 0.34 359 40.06 10.717 535 70.25
17.000 - 17.499 16 1,703,661.90 0.15 359 41.05 11.131 535 66.63
17.500 - 17.999 5 1,045,596.46 0.09 359 39.84 11.804 520 70.32
18.000 - 18.499 2 321,910.20 0.03 359 22.68 12.116 523 70.00
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 7,408 1,174,399,920.92 100.00 358 39.17 7.579 605 85.07
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
RANGE OF MINIMUM NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
MORTGAGE RATES (%) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%
------------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 225 42,946,969.48 3.66 358 39.95 5.848 639 78.90
6.000 - 6.499 581 105,844,636.97 9.01 358 39.32 6.253 635 81.13
6.500 - 6.999 1,138 202,872,730.93 17.27 358 39.15 6.745 624 83.72
7.000 - 7.499 1,250 200,104,031.87 17.04 358 39.08 7.240 611 85.61
7.500 - 7.999 1,647 259,430,787.35 22.09 358 39.21 7.739 600 86.94
8.000 - 8.499 1,047 151,515,722.01 12.90 358 38.91 8.231 588 87.12
8.500 - 8.999 895 127,764,360.41 10.88 359 39.10 8.707 579 86.78
9.000 - 9.499 348 47,425,454.62 4.04 359 39.10 9.197 577 86.41
9.500 - 9.999 166 21,261,503.43 1.81 359 39.24 9.709 567 83.16
10.000 - 10.499 60 8,171,850.37 0.70 359 39.75 10.184 550 76.17
10.500 - 10.999 28 3,990,704.92 0.34 359 40.06 10.717 535 70.25
11.000 - 11.499 16 1,703,661.90 0.15 359 41.05 11.131 535 66.63
11.500 - 11.999 5 1,045,596.46 0.09 359 39.84 11.804 520 70.32
12.000 - 12.499 2 321,910.20 0.03 359 22.68 12.116 523 70.00
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 7,408 1,174,399,920.92 100.00 358 39.17 7.579 605 85.07
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
RANGE OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
MORTGAGE NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
MARGINS (%) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%
------------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 170 23,737,996.51 2.02 357 38.00 7.507 595 85.59
5.500 - 5.749 302 56,485,604.77 4.81 359 39.31 7.610 603 83.42
5.750 - 5.999 1 157,281.39 0.01 358 49.00 7.850 521 90.00
6.000 - 6.249 6,607 1,046,105,957.43 89.08 358 39.20 7.562 606 85.23
6.250 - 6.499 3 388,317.02 0.03 358 35.59 7.252 589 92.18
6.500 - 6.749 270 38,236,155.67 3.26 357 38.41 7.738 591 85.51
6.750 - 6.999 1 58,453.90 0.00 359 34.00 7.200 677 90.00
7.000 - 7.249 54 9,230,154.23 0.79 358 41.00 8.884 545 73.83
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 7,408 1,174,399,920.92 100.00 358 39.17 7.579 605 85.07
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NEXT RATE ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
ADJUSTMENT NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
DATE (YEAR-MONTH) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%
------------------------------------------------------------------------------------------------------------------------------------
2006-02 8 1,146,152.45 0.10 353 39.54 8.161 556 77.66
2006-03 8 1,317,372.54 0.11 354 29.19 7.364 633 85.45
2006-04 51 7,481,245.46 0.64 355 36.68 7.473 575 86.88
2006-05 90 14,886,367.62 1.27 356 39.36 7.378 575 78.73
2006-06 281 40,107,863.53 3.42 357 39.26 7.773 586 86.54
2006-07 1,438 210,493,056.44 17.92 358 39.34 7.584 602 86.18
2006-08 3,431 556,726,188.47 47.41 359 39.44 7.584 604 84.70
2006-09 277 41,111,464.00 3.50 360 39.88 8.176 577 80.84
2007-02 2 327,823.72 0.03 353 24.65 6.081 607 82.17
2007-03 1 322,260.98 0.03 354 35.00 6.625 511 90.00
2007-04 9 1,432,949.28 0.12 355 39.45 7.144 604 86.89
2007-05 22 3,483,735.61 0.30 356 40.91 6.781 576 80.39
2007-06 60 9,572,558.36 0.82 357 40.22 7.509 606 87.03
2007-07 434 70,318,965.50 5.99 358 38.35 7.474 619 88.85
2007-08 1,204 200,843,364.96 17.10 359 38.27 7.466 618 84.93
2007-09 92 14,828,552.00 1.26 360 41.22 7.778 592 80.77
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 7,408 1,174,399,920.92 100.00 358 39.17 7.579 605 85.07
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
INITIAL ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
PERIODIC RATE NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
CAP (%) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%
------------------------------------------------------------------------------------------------------------------------------------
2.000 7,408 1,174,399,920.92 100.00 358 39.17 7.579 605 85.07
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 7,408 1,174,399,920.92 100.00 358 39.17 7.579 605 85.07
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
SUBSEQUENT ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
PERIODIC RATE NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
CAP (%) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%
------------------------------------------------------------------------------------------------------------------------------------
1.000 7,408 1,174,399,920.92 100.00 358 39.17 7.579 605 85.07
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 7,408 1,174,399,920.92 100.00 358 39.17 7.579 605 85.07
------------------------------------------------------------------------------------------------------------------------------------
GROUP II MORTGAGE LOAN STATISTICS
The Group II Mortgage Loans consist of 2,391 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $558,529,150.39, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date. None of the Group II Mortgage Loans had a first Due Date prior to
March 1, 2004 or after October 1, 2004, or will have a remaining term to stated
maturity of less than 173 months or greater than 360 months as of the Cut-off
Date. The latest maturity date of any Group II Collateral Selection Date
Mortgage Loan is September 1, 2034.
-----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
COLLATERAL TYPE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
2-yr Fixed/Adjustable Rate 1,373 329,213,404.90 58.94 358 39.98 7.378 607 86.00
3-yr Fixed/Adjustable Rate 380 101,016,389.34 18.09 358 38.34 7.339 627 87.77
FIXED 638 128,299,356.15 22.97 352 39.38 6.914 643 79.59
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
RANGE OF BALANCE % OF REMAINING DEBT-
PRINCIPAL NUMBER OF AS OF PRINCIPAL TERM TO TO- MORTGAGE
BALANCES MORTGAGE ORIGINATION BALANCE AS OF MATURITY INCOME RATES OLTV
AT ORIGINATION ($) LOANS ($) ORIGINATION (MONTHS)* (%)* (%)* FICO* (%)*
------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 23 1,073,880.00 0.19 342 37.54 7.982 602 73.31
50,000.01 - 100,000.00 786 59,438,938.00 10.63 349 36.00 8.036 602 83.79
50,000.01 - 100,000.00 786 59,438,938.00 10.63 349 36.00 8.036 602 83.79
100,000.01 - 150,000.00 343 41,745,624.00 7.47 351 36.40 7.516 606 85.23
150,000.01 - 200,000.00 147 25,169,618.00 4.50 359 36.50 7.559 608 84.52
200,000.01 - 250,000.00 90 19,959,201.00 3.57 358 38.26 7.409 622 86.87
250,000.01 - 300,000.00 63 17,257,045.00 3.09 359 40.55 7.463 629 87.53
300,000.01 - 350,000.00 161 54,395,943.00 9.73 357 41.20 7.272 618 86.25
350,000.01 - 400,000.00 331 123,600,540.00 22.10 359 41.10 7.150 623 86.25
400,000.01 - 450,000.00 171 72,606,184.00 12.98 359 40.24 7.258 622 86.10
450,000.01 - 500,000.00 183 88,456,416.00 15.82 359 39.75 6.941 626 83.34
500,000.01 - 550,000.00 35 18,546,720.00 3.32 359 41.46 6.705 631 84.68
550,000.01 - 600,000.00 24 13,741,750.00 2.46 359 39.82 6.679 643 81.07
600,000.01 - 650,000.00 12 7,460,190.00 1.33 359 41.14 6.634 618 77.80
650,000.01 - 700,000.00 7 4,761,900.00 0.85 359 48.41 7.364 598 80.96
700,000.01 - 750,000.00 15 10,966,150.00 1.96 359 38.19 6.747 618 75.71
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 559,180,099.00 100.00 357 39.55 7.264 619 84.85
-----------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
RANGE OF BALANCE PRINCIPAL REMAINING DEBT-
PRINCIPAL NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
BALANCES AS OF MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
THE CUT-OFF DATE ($) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 24 1,120,497.95 0.20 343 37.03 7.989 609 74.06
50,000.01 - 100,000.00 786 59,404,710.70 10.64 349 35.96 8.037 602 83.72
100,000.01 - 150,000.00 342 41,593,888.26 7.45 351 36.46 7.515 606 85.34
150,000.01 - 200,000.00 147 25,142,196.42 4.50 359 36.50 7.560 608 84.52
200,000.01 - 250,000.00 90 19,935,133.50 3.57 358 38.26 7.409 622 86.87
250,000.01 - 300,000.00 63 17,239,172.43 3.09 359 40.55 7.463 629 87.53
300,000.01 - 350,000.00 161 54,340,047.07 9.73 357 41.20 7.273 618 86.25
350,000.01 - 400,000.00 332 123,860,013.35 22.18 359 41.11 7.149 623 86.21
400,000.01 - 450,000.00 170 72,120,742.86 12.91 359 40.20 7.261 622 86.16
450,000.01 - 500,000.00 183 88,345,631.68 15.82 359 39.76 6.941 626 83.34
500,000.01 - 550,000.00 35 18,527,110.75 3.32 359 41.46 6.705 631 84.68
550,000.01 - 600,000.00 24 13,731,308.13 2.46 359 39.82 6.679 643 81.07
600,000.01 - 650,000.00 12 7,453,396.34 1.33 359 41.14 6.634 618 77.79
650,000.01 - 700,000.00 7 4,758,138.70 0.85 359 48.41 7.364 598 80.96
700,000.01 - 750,000.00 15 10,957,162.25 1.96 359 38.19 6.748 618 75.71
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE 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 ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
120 - 180 39 3,640,815.57 0.65 179 38.40 7.080 610 76.96
181 - 240 31 2,783,974.59 0.50 238 38.41 7.515 621 79.75
241 - 360 2,321 552,104,360.23 98.85 359 39.56 7.264 619 84.93
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
RANGE OF NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
CURRENT MORTGAGE MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
RATES ($) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 147 55,605,027.84 9.96 358 41.03 5.861 660 77.50
6.000 - 6.499 279 82,878,516.41 14.84 356 39.13 6.252 636 82.23
6.500 - 6.999 434 114,400,095.76 20.48 357 39.79 6.742 622 84.82
7.000 - 7.499 386 90,878,241.08 16.27 356 39.03 7.235 614 85.78
7.500 - 7.999 437 93,705,396.17 16.78 356 39.99 7.741 607 87.28
8.000 - 8.499 269 52,978,891.38 9.49 358 39.34 8.204 603 88.18
8.500 - 8.999 226 39,405,837.04 7.06 358 38.31 8.717 595 86.90
9.000 - 9.499 85 13,095,943.05 2.34 358 37.84 9.203 594 87.03
9.500 - 9.999 56 8,741,162.90 1.57 358 41.03 9.725 578 85.09
10.000 - 10.499 17 1,888,534.50 0.34 359 39.93 10.250 587 84.43
10.500 - 10.999 23 2,213,227.12 0.40 355 40.90 10.760 601 84.87
11.000 - 11.499 11 952,873.54 0.17 343 34.76 11.234 658 93.40
11.500 - 11.999 9 752,719.78 0.13 359 41.78 11.702 625 91.84
12.000 - 12.499 8 712,603.83 0.13 359 38.53 12.177 638 100.00
12.500 - 12.999 4 320,079.99 0.06 359 37.22 12.609 627 100.00
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
RANGE OF BALANCE PRINCIPAL REMAINING DEBT-
ORIGINAL LOAN- NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
TO-VALUE MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
RATIOS (%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 25.00 1 399,601.03 0.07 359 47.00 5.990 745 21.33
25.01 - 30.00 1 60,947.99 0.01 359 34.00 6.800 619 27.73
30.01 - 35.00 3 188,764.40 0.03 358 39.91 8.103 543 31.57
35.01 - 40.00 6 737,162.75 0.13 325 34.67 7.263 602 38.56
40.01 - 45.00 11 1,350,929.44 0.24 358 42.17 7.213 580 43.37
45.01 - 50.00 14 2,188,554.05 0.39 340 37.32 7.073 601 48.09
50.01 - 55.00 24 4,251,004.53 0.76 351 41.86 6.605 608 52.69
55.01 - 60.00 35 8,681,710.78 1.55 353 41.09 6.566 612 58.04
60.01 - 65.00 77 17,418,010.38 3.12 356 42.62 7.085 592 63.27
65.01 - 70.00 128 31,030,138.10 5.56 354 40.06 7.157 584 68.60
70.01 - 75.00 186 44,946,731.81 8.05 357 41.15 7.125 600 73.99
75.01 - 80.00 362 89,198,395.46 15.97 357 38.28 6.931 620 79.52
80.01 - 85.00 227 51,994,616.73 9.31 357 39.11 7.112 600 84.46
85.01 - 90.00 630 134,107,250.72 24.01 358 38.26 7.380 619 89.74
90.01 - 95.00 599 158,295,260.72 28.34 357 40.44 7.384 637 94.82
95.01 - 100.00 87 13,680,071.50 2.45 357 39.88 9.137 676 100.00
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
RANGE OF MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
FICO SCORES LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
500 - 519 111 18,752,133.86 3.36 356 41.79 8.070 511 74.90
520 - 539 193 37,619,019.80 6.74 357 40.54 7.654 531 76.49
540 - 559 219 43,741,452.19 7.83 357 40.41 7.604 551 79.61
560 - 579 214 45,732,517.88 8.19 356 40.44 7.445 570 81.00
580 - 599 258 57,001,917.43 10.21 357 39.24 7.471 589 86.14
600 - 619 344 81,247,010.79 14.55 356 40.37 7.391 608 88.17
620 - 639 325 80,584,149.60 14.43 356 39.66 7.098 629 88.06
640 - 659 238 64,761,816.08 11.60 358 38.67 7.035 649 87.77
660 - 679 157 39,054,981.07 6.99 357 38.94 7.106 668 86.05
680 - 699 127 36,747,275.73 6.58 358 38.12 6.818 688 87.21
700 - 719 82 20,606,044.35 3.69 358 38.55 6.908 711 87.09
720 - 739 53 15,179,555.75 2.72 355 39.99 6.743 729 84.58
740 - 759 41 9,670,469.88 1.73 359 38.01 6.838 749 81.40
760 - 779 24 6,284,352.01 1.13 357 33.25 6.738 770 83.45
780 - 799 5 1,546,453.97 0.28 359 29.19 6.292 785 72.31
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
RANGE OF DEBT- NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
TO-INCOME MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
RATIOS (%) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
<= 20.00 166 30,388,437.80 5.44 357 14.07 7.387 625 84.44
20.01 - 25.00 130 21,867,669.11 3.92 357 23.28 7.210 636 85.86
25.01 - 30.00 221 42,961,431.32 7.69 355 28.17 7.273 629 83.90
30.01 - 35.00 303 61,787,321.66 11.06 356 33.23 7.411 613 83.67
35.01 - 40.00 378 87,901,371.37 15.74 357 38.25 7.116 623 85.14
40.01 - 45.00 541 136,024,728.48 24.35 357 43.12 7.324 626 86.88
45.01 - 50.00 576 156,130,732.64 27.95 357 48.13 7.225 613 85.93
50.01 - 55.00 76 21,467,458.01 3.84 357 53.32 7.217 575 67.69
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
------------------------------------------------------------------------------------------------------------------------------------
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
STATE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
AK 3 753,641.28 0.13 359 42.11 6.628 679 78.74
AL 20 2,188,238.94 0.39 359 39.91 7.613 595 80.10
AZ 142 19,487,521.26 3.49 349 35.75 7.255 614 87.46
CA 617 237,145,801.27 42.46 359 40.90 6.863 621 82.53
CO 32 7,362,841.91 1.32 359 33.98 7.014 628 86.07
CT 13 3,960,764.29 0.71 359 41.36 7.655 629 89.28
DE 2 296,922.13 0.05 359 45.20 7.626 560 85.51
FL 283 43,828,425.02 7.85 355 38.39 7.639 607 85.05
GA 27 5,644,743.58 1.01 359 36.04 7.859 638 89.51
HI 7 2,422,975.67 0.43 358 33.99 7.090 673 84.76
IA 9 664,630.12 0.12 358 36.00 7.935 566 86.99
ID 3 273,040.00 0.05 358 44.15 7.036 612 82.94
IL 74 19,319,421.92 3.46 358 39.95 7.917 641 89.51
IN 58 5,601,682.62 1.00 357 36.15 7.728 613 88.34
KS 15 2,878,797.57 0.52 358 37.30 7.735 612 89.57
KY 13 1,122,288.63 0.20 344 35.72 7.363 613 84.01
LA 27 2,890,945.57 0.52 346 37.80 7.837 585 82.36
MA 53 18,540,533.86 3.32 359 40.33 7.185 624 87.26
MD 76 16,668,518.23 2.98 356 38.62 7.354 602 85.79
ME 3 316,445.36 0.06 359 40.60 8.199 539 74.19
MI 162 18,621,985.35 3.33 356 38.64 7.636 608 85.11
MN 23 5,892,318.40 1.05 359 35.88 7.493 640 89.43
MO 45 3,940,421.67 0.71 357 40.45 8.112 592 86.53
MS 14 1,333,600.24 0.24 348 31.56 7.887 592 87.19
MT 1 209,525.78 0.04 358 45.00 6.600 577 95.00
NC 16 1,840,129.48 0.33 359 31.09 7.840 637 89.25
ND 1 71,162.66 0.01 359 15.00 6.950 697 95.00
NE 4 590,080.66 0.11 359 29.58 8.478 556 93.68
NH 2 349,518.28 0.06 358 37.71 6.515 589 88.25
NJ 22 7,344,314.89 1.31 358 41.30 7.415 633 90.51
NM 4 1,016,365.62 0.18 359 43.83 7.593 714 85.13
NV 61 15,845,112.28 2.84 356 39.28 7.692 609 85.81
NY 163 63,267,966.41 11.33 359 40.74 7.477 630 87.64
OH 135 11,552,008.95 2.07 350 36.61 7.679 603 85.37
OK 6 449,732.73 0.08 359 26.60 8.142 616 84.13
OR 7 697,914.89 0.12 358 36.97 7.243 585 68.61
PA 53 7,093,561.96 1.27 353 38.78 7.534 587 76.98
RI 9 2,242,660.40 0.40 359 35.91 7.061 635 86.58
SC 5 422,822.12 0.08 359 36.91 8.027 601 88.74
TN 28 2,558,238.91 0.46 331 35.45 7.883 593 80.85
TX 76 10,158,133.48 1.82 343 35.04 7.760 621 87.80
UT 8 1,717,480.20 0.31 358 36.37 7.801 596 90.65
VT 1 174,897.21 0.03 359 40.00 8.650 563 89.74
WA 28 5,691,703.70 1.02 358 39.89 7.695 609 86.55
WI 37 3,757,593.69 0.67 356 37.17 8.321 607 84.59
WY 3 321,721.20 0.06 358 37.73 8.084 604 95.00
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE 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 2,033 501,345,109.37 89.76 357 40.41 7.212 616 84.76
Non-owner Occupied 335 51,496,635.74 9.22 358 31.29 7.775 650 85.67
Second Home 23 5,687,405.28 1.02 352 38.33 7.269 647 84.77
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination
-----------------------------------------------------------------------------------------------------------------------------------
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
INCOME MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
DOCUMENTATION LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 1,402 303,395,604.33 54.32 356 39.98 7.006 613 83.66
Stated Docs 784 207,287,338.86 37.11 358 40.10 7.615 631 86.40
Limited Docs 205 47,846,207.20 8.57 357 34.38 7.384 605 85.66
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
PURPOSE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Refi-Cash Out ** 1,330 315,884,940.71 56.56 356 40.17 7.080 602 81.38
Purchase 974 229,550,922.88 41.10 358 38.80 7.524 642 89.69
Refi-No Cashout *** 87 13,093,286.80 2.34 348 37.67 7.157 627 83.48
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
** Cash proceeds to the borrower inclusive of debt consolidation payments exceed
2% or $2000 of the original principal balance of the related loan. Also includes
all home equity loans originated in Texas with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation payments do
not exceed 2% or $2000 of the original principal balance of the related loan.
Excludes home equity loans originated in Texas with any cash proceeds.
-----------------------------------------------------------------------------------------------------------------------------------
CREDIT GRADE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
RISK CATEGORY LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
1 1,622 386,156,031.73 69.14 357 39.16 7.151 634 86.74
2 214 49,867,994.62 8.93 357 40.34 7.325 594 83.21
3 199 41,840,916.82 7.49 357 39.18 7.413 589 84.04
4 138 25,935,480.88 4.64 357 40.23 7.597 566 76.50
5 93 19,568,374.42 3.50 359 43.55 8.034 550 71.78
6 22 3,040,638.29 0.54 359 37.54 9.463 542 69.12
A+ 51 17,250,134.06 3.09 358 41.69 7.074 624 84.09
A 25 8,587,035.79 1.54 359 40.06 7.447 596 82.36
A- 5 894,419.69 0.16 347 37.80 8.189 522 73.80
B 7 1,846,951.41 0.33 359 35.79 7.791 552 76.72
C 8 1,449,281.39 0.26 359 43.82 8.269 582 71.64
C- 7 2,091,891.29 0.37 358 38.01 8.458 589 76.78
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PROPERTY 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
PROPERTY TYPE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 1,822 417,038,369.35 74.67 357 39.64 7.219 617 84.41
PUD Detached 199 59,683,135.56 10.69 356 40.44 7.297 614 85.70
Two-to-Four Family 195 50,625,960.18 9.06 358 38.22 7.573 635 86.95
Condominium 116 23,507,036.66 4.21 357 39.41 7.329 627 87.78
Manufactured/Mobile Housing 47 4,787,707.49 0.86 353 38.03 7.413 626 74.85
PUD-Attached 10 2,743,140.57 0.49 359 33.36 7.049 611 85.74
Single Family Attached 2 143,800.58 0.03 359 40.97 6.363 620 85.04
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
PREPAYMENT BALANCE PRINCIPAL REMAINING DEBT-
CHARGE TERM AT NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
ORIGINATION MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
(MONTHS) LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
0 578 140,385,916.46 25.13 357 39.40 7.671 627 88.03
12 104 35,832,198.33 6.42 359 40.17 7.450 630 85.02
24 802 194,000,760.78 34.73 358 39.56 7.310 606 85.24
36 907 188,310,274.82 33.72 355 39.52 6.879 624 82.04
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
CONFORMING MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
BALANCE LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE 1,466 179,660,203.46 32.17 353 37.22 7.590 611 84.79
NON-CONFORMING BALANCE 925 378,868,946.93 67.83 358 40.65 7.110 623 84.87
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,391 558,529,150.39 100.00 357 39.55 7.264 619 84.85
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
RANGE OF MAXIMUM NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
MORTGAGE RATES (%) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%
------------------------------------------------------------------------------------------------------------------------------------
11.500 - 11.999 78 25,702,123.91 5.97 359 39.82 5.861 636 84.28
12.000 - 12.499 174 52,900,456.05 12.30 357 39.93 6.277 623 84.25
12.500 - 12.999 314 88,635,119.76 20.60 358 39.61 6.752 622 86.22
13.000 - 13.499 307 77,102,457.83 17.92 359 39.28 7.237 614 86.39
13.500 - 13.999 352 84,019,935.13 19.53 358 40.10 7.735 606 87.63
14.000 - 14.499 222 46,699,869.68 10.85 358 39.26 8.204 603 88.50
14.500 - 14.999 181 35,187,944.31 8.18 359 38.82 8.714 595 86.97
15.000 - 15.499 68 10,807,127.50 2.51 359 38.00 9.214 588 87.82
15.500 - 15.999 35 6,381,791.96 1.48 359 41.21 9.763 562 84.32
16.000 - 16.499 9 1,287,675.18 0.30 359 41.64 10.274 562 77.64
16.500 - 16.999 10 1,226,029.70 0.28 359 42.19 10.720 544 74.18
17.000 - 17.499 1 90,970.59 0.02 359 19.00 11.450 545 60.67
17.500 - 17.999 2 188,292.64 0.04 359 55.00 11.721 539 67.36
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,753 430,229,794.24 100.00 358 39.60 7.369 612 86.42
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
RANGE OF MINIMUM NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
MORTGAGE RATES (%) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%
------------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 78 25,702,123.91 5.97 359 39.82 5.861 636 84.28
6.000 - 6.499 174 52,900,456.05 12.30 357 39.93 6.277 623 84.25
6.500 - 6.999 314 88,635,119.76 20.60 358 39.61 6.752 622 86.22
7.000 - 7.499 307 77,102,457.83 17.92 359 39.28 7.237 614 86.39
7.500 - 7.999 352 84,019,935.13 19.53 358 40.10 7.735 606 87.63
8.000 - 8.499 222 46,699,869.68 10.85 358 39.26 8.204 603 88.50
8.500 - 8.999 181 35,187,944.31 8.18 359 38.82 8.714 595 86.97
9.000 - 9.499 68 10,807,127.50 2.51 359 38.00 9.214 588 87.82
9.500 - 9.999 35 6,381,791.96 1.48 359 41.21 9.763 562 84.32
10.000 - 10.499 9 1,287,675.18 0.30 359 41.64 10.274 562 77.64
10.500 - 10.999 10 1,226,029.70 0.28 359 42.19 10.720 544 74.18
11.000 - 11.499 1 90,970.59 0.02 359 19.00 11.450 545 60.67
11.500 - 11.999 2 188,292.64 0.04 359 55.00 11.721 539 67.36
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,753 430,229,794.24 100.00 358 39.60 7.369 612 86.42
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
RANGE OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
MORTGAGE NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
MARGINS (%) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%
------------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 24 6,482,681.47 1.51 358 38.05 7.040 634 84.59
5.500 - 5.749 63 21,068,361.06 4.90 359 40.58 7.316 599 84.56
5.750 - 5.999 1 479,508.28 0.11 359 46.00 5.850 586 75.00
6.000 - 6.249 1,581 385,198,892.30 89.53 358 39.52 7.362 613 86.61
6.250 - 6.499 1 484,516.25 0.11 359 49.00 5.990 644 94.17
6.500 - 6.749 66 12,169,636.70 2.83 355 38.53 7.603 599 88.41
7.000 - 7.249 17 4,346,198.18 1.01 359 44.87 8.351 561 75.94
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,753 430,229,794.24 100.00 358 39.60 7.369 612 86.42
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NEXT RATE ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
ADJUSTMENT NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
DATE (YEAR-MONTH) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%
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2006-02 2 263,220.10 0.06 353 40.66 6.611 609 92.81
2006-03 3 656,499.16 0.15 354 38.41 7.282 560 88.83
2006-04 7 2,290,560.51 0.53 355 44.63 6.839 626 92.86
2006-05 16 2,769,543.64 0.64 356 34.49 6.975 554 84.14
2006-06 92 21,906,320.13 5.09 356 39.93 7.227 607 88.45
2006-07 414 83,990,519.78 19.52 357 39.90 7.403 612 87.15
2006-08 765 191,850,588.58 44.59 359 39.91 7.350 606 84.97
2006-09 74 25,486,153.00 5.92 360 41.05 7.734 607 87.34
2007-04 3 868,765.87 0.20 355 35.33 7.239 606 92.64
2007-05 4 1,209,830.20 0.28 356 39.42 6.814 592 89.05
2007-06 25 5,965,151.02 1.39 356 40.42 7.110 634 88.64
2007-07 96 21,466,257.28 4.99 357 35.37 7.354 624 89.97
2007-08 223 62,446,597.97 14.51 359 38.92 7.310 630 86.48
2007-09 29 9,059,787.00 2.11 360 40.11 7.734 620 90.24
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TOTAL: 1,753 430,229,794.24 100.00 358 39.60 7.369 612 86.42
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INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
INITIAL ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
PERIODIC RATE NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
CAP (%) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%
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2.000 1,753 430,229,794.24 100.00 358 39.60 7.369 612 86.42
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TOTAL: 1,753 430,229,794.24 100.00 358 39.60 7.369 612 86.42
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SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
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PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
SUBSEQUENT ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
PERIODIC RATE NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
CAP (%) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%
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1.000 1,753 430,229,794.24 100.00 358 39.60 7.369 612 86.42
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TOTAL: 1,753 430,229,794.24 100.00 358 39.60 7.369 612 86.42
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