Exhibit 99.3
Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇@
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IMC HOME EQUITY LOAN TRUST 1998-3
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|---------------------------------------------------------------------------|
| THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE |
| DESCRIPTION OF THE COLLATERAL CONTAINED IN THE PROSPECTUS |
| SUPPLEMENT. |
|---------------------------------------------------------------------------|
FIXED RATE HOME EQUITY LOANS
Preliminary characteristics of the pool of Home Equity Loans as of the
Statistical Calculation Date of 5/5/98:
Total Number of Loans: 11,063
Total Outstanding Loan Balance: $731,071,895
Balloon (% of Total): 31.17%
Level Pay (% of Total): 68.83%
Average Loan Principal Balance: $66,083 ($5,008 to $556,223)
Weighted Average CLTV: 76.67% (5.71% to 100.00%)
% of Pool with CLTVs (greater than) 90% 3.13%
Weighted Average Coupon: 10.86% (6.49% to 19.15%)
Weighted Average Remaining Term to Maturity (months): 254 (50 to 360)
Weighted Average Seasoning (months): 3 (0 to 40)
Weighted Average Original Term (months): 257 (60 to 360)
Range of Original Terms: Level Pay Balloon
----------------------- ------------------------
Up to 60: 0.11% Up to 60: 0.05%
61 - 120: 1.79% 61 - 120: 0.09%
121 - 180: 16.89% 121 - 180: 31.03%
181 - 240: 8.90%
241 - 300: 1.23%
301 - 360: 39.90%
Lien Position: 1st Lien: 85.48%
2nd Lien: 14.52%
Property Type: Single Family Detached: 89.75%
Single Family Attached: 0.87%
2-4 Family: 7.10%
Condominium/Townhouse: 1.23%
Other: 1.05%
Occupancy Status: Owner Occupied: 94.61%
Non-Owner Occupied: 5.39%
Geographic Distribution: NY: 14.90% CA: 5.34%
(states not listed individually account MI: 8.27% OH: 5.27
for less than 5.00% of the Mortgage FL: 7.94% PA: 5.26
Loan principal balance) NJ: 5.84%
Credit Quality: A: 55.70%
(per IMC's guidelines) B: 24.29%
C: 16.84%
D: 3.17%
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
Deutsche ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇@
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IMC HOME EQUITY LOAN TRUST 1998-3
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PRICING INFORMATION
$1,000,000,000 Offering Amount (approximate)
FSA Bond Insured
TRANSACTION SUMMARY(a)
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First
Principal Principal Expected
Approximate WAL Payment Window Stated Ratings
Certificate Size Coupon(d) (Years) (Years) (Years) Maturity (▇▇▇▇▇'▇/S&P)
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Class A-1 $75,000,000 Fixed 0.33 0.08 0.50 6/20/99 P-1/A-1+
Class A-2 $228,304,000 Fixed 1.00 0.50 1.08 11/20/13 Aaa / AAA
Class A-3 $198,193,000 Fixed 2.00 1.50 1.08 5/20/14 Aaa / AAA
Class A-4 $118,582,000 Fixed 3.00 2.50 1.08 12/20/17 Aaa / AAA
Class A-5 $95,073,000 Fixed 4.00 3.50 1.08 8/20/22 Aaa / AAA
Class A-6 $100,867,000 Fixed 5.40 4.50 2.00 4/20/26 Aaa / AAA
Class A-7 $113,981,000 Fixed(b) 7.70 6.42 1.58 7/20/29 Aaa / AAA
Class A-8 $70,000,000 Fixed/NAS(b) 6.27 3.08 4.92 7/20/29 Aaa / AAA
Class A-9IO $70,000,000(c) Fixed(c) N/A N/A N/A N/A Aaa / AAA
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Notes:
(a) 100% Prepayment Assumption: 4.0% CPR in month 1, and an additional 1.909%
per annum in each month thereafter until month 12. On and after month 12,
25% CPR. To 10% Optional Call.
(b) Coupon will be increased by [0.50%] for each payment after the Initial Call
Date.
(c) Notional IO has a [5.35%] coupon based on the NAS class for 36 months.
(d) Coupons may be limited as described in the Prospectus.
Prepayment Pricing
Speed Assumption: 4% CPR, increasing to 25% CPR over 12 months
Payment Date: The 20th day of each month (or the next Business
Day thereafter) commencing on July 20, 1998.
Payment Delay: With the exception of the Class A-1 Certificates,
19 days. With respect to the Class A-1
Certificates, 0 days.
Settlement (Closing) Date: On or about June 10, 1998.
Statistical Cut-off Date: May 5, 1998 (close of business)
Cut-off Date: June 1, 1998 (close of business)
Clean-up Call: The first Monthly Remittance Date on
which the aggregate Loan Balance of the Home
Equity Loans has declined to less than 10%
of the aggregate Loan Balance as of the
Cut-Off Date.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
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IMC HOME EQUITY LOAN TRUST 1998-3
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PRICING INFORMATION (continued)
Interest Accrual Period: With the exception of the Class A-1 Certificates,
interest will accrue on the Certificates at a
fixed rate during the month prior to the month of
the related Payment Date based on a 30/360 day
year.
With respect to any Payment Date, the Class A-1
Certificates will be entitled to interest which
has accrued thereon from the preceding Payment
Date (or from the Settlement Date in the case of
the first Payment Date) to and including the day
prior to the Current Payment Date (the "Class A-1
Accrual Period") at the Class A-1 Certificate
Interest Rate. Calculations of Interest on the
Class A-1 Certificates will be made on the basis
of the actual number of days elapsed in the
related A-1 Accrual Period and a year of 360
days.
Class A-1 Maturity: The final Payment Date for the Class A-1
Certificates will be June 21, 1999, at which time
the remaining Certificate Principal Balance, if
any, of the Class A-1 certificates will be paid
in full. If the principal remittance amount for
such Payment Date is not sufficient to pay in
full the remaining Certificate Principal Balance,
if any then outstanding, of the Class A-1
Certificates on such date, a draw will be made on
the FSA Insurance Policy in the amount of such
shortfall.
Limited Initial Turbo: 85% of the excess cash flow will be used to
accelerate the bonds until the
overcollateralization target is reached. To the
extent necessary, after the overcollateralization
target is initially reached, 100% of the excess
cash flow will be available to accelerate the
bonds to the overcollateralization target.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
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IMC HOME EQUITY LOAN TRUST 1998-3
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DESCRIPTION OF SECURITIES
Title of Securities: IMC Home Equity Loan Trust 1998-3
Lead Underwriter: PaineWebber Incorporated
Co-Underwriters: Bear, ▇▇▇▇▇▇▇ and Co. Inc. Deutsche ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇▇ Securities Inc. ▇▇▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
Seller and Servicer: IMC Mortgage Company Headquartered in Tampa, FL
Depositor: IMC Securities, Inc.
Trustee: The Chase Manhattan Bank
Offering Amount: Approximately $1,000,000,000
Statistical Calculation Date: The collateral described herein and in the
prospectus supplement represents the pool of Home
Equity Loans as of the Statistical Calculation
Date of May 5, 1998. It is anticipated that the
total unpaid principal balance of the collateral
pool conveyed to the Trust at closing will be
approximately $750,000,000.
Pre-Funding Account: On the Closing Date, approximately $250,000,000
will be deposited in an account (the "Pre-Funding
Account") and will be used to acquire Subsequent
Loans. The "Pre-Funding Period" is the period
commencing on the Closing Date and ending
generally on the earlier to occur of (i) the date
on which the amount on deposit in the Pre-Funding
Account is less than $100,000 and (ii) August 15,
1998.
Form of Offering: Book-Entry form, same-day funds through DTC,
Euroclear, and CEDEL.
Denominations: Minimum denominations of $25,000 and multiples of
$1,000 thereafter.
Servicing/Other Fees: The collateral is subject to certain fees,
including a servicing fee of 0.50% per annum
payable monthly, Certificate Insurer fees, and
trustee fees.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
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IMC HOME EQUITY LOAN TRUST 1998-3
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DESCRIPTION OF SECURITIES (Continued)
Advancing by Servicer: The Servicer is required to advance from its own
funds any delinquent payment of interest (not
principal) unless such interest is deemed to be
non-recoverable (the "Delinquency Advances").
Credit Enhancement: Credit enhancement with respect to the
Certificates will be provided by (a) the
overcollateralization mechanics which utilize the
excess interest created by the internal cashflows
of the pool, and (b) the Financial Security
Assurance, Inc. ("FSA") Insurance Policy.
Overcollateralization: Subject to certain floors,
caps and triggers, the required level of
overcollateralization may increase or decrease
over time.
FSA Insurance Policy: FSA (the "Certificate
Insurer") will unconditionally and irrevocably
guarantee the timely payment of interest and
ultimate payment of principal on the Certificates
(i.e. after any losses reduce the
overcollateralization to zero, FSA will cover the
excess, if any, of the Certificate principal
balance over the aggregate collateral balance).
The Insured Payments do not cover Realized Losses
except to the extent that an
Overcollateralization Deficit exists. Insured
Payments do not cover the Servicer's failure to
make Delinquency Advances except to the extent
that an Overcollateralization Deficit would
otherwise result therefrom. The Insurance Policy
is not cancelable for any reason.
Federal Tax Aspects: The Trust, exclusive of the Pre-funding account
and the Capitalized Interest account, will
consist of two segregated asset pools, (the
"Upper-Tier REMIC" and the "Lower-Tier REMIC").
Each class of the Offered Certificates will be
designated as a "regular interest" in the
Upper-Tier REMIC.
ERISA Considerations: The Certificates may be purchased by employee
benefit plans that are subject to ERISA.
SMMEA Eligibility: The Certificates will NOT constitute
"mortgage-related securities" for purposes of
SMMEA.
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
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IMC HOME EQUITY LOAN TRUST 1998-3
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BOND SENSITIVITY TO PREPAYMENTS
CLASS A-1 (to call)
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% of Prepayment Assumption 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------------
Average Life (years) 0.81 0.45 0.38 0.33 0.30 0.27
First Principal Payment 07/98 07/98 07/98 07/98 07/98 07/98
Last Principal Payment 06/99 03/99 01/99 12/98 11/98 11/98
Principal Window (years) 1.00 0.75 0.58 0.50 0.42 0.42
CLASS A-2 (to call)
------------------------------------------------------------------------------------------------------------
% of Prepayment Assumption 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------------
Average Life (years) 9.99 1.65 1.23 1.00 0.86 0.76
Yield @ par 6.39% 6.21% 6.14% 6.08% 6.02% 5.97%
Modified Duration 7.08 1.52 1.15 0.94 0.82 0.73
First Principal Payment 11/02 03/99 01/99 12/98 11/98 11/98
Last Principal Payment 06/12 01/01 04/00 12/99 09/99 07/99
Principal Window (years) 9.67 1.92 1.33 1.08 0.92 0.75
CLASS A-3 (to call)
------------------------------------------------------------------------------------------------------------
% of Prepayment Assumption 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------------
Average Life (years) 14.70 3.71 2.58 2.00 1.64 1.40
Yield @ par 6.31% 6.24% 6.20% 6.16% 6.13% 6.09%
Modified Duration 9.37 3.22 2.32 1.83 1.52 1.31
First Principal Payment 06/12 01/01 04/00 12/99 09/99 07/99
Last Principal Payment 05/13 05/03 10/01 12/00 07/00 03/00
Principal Window (years) 1.00 2.42 1.58 1.08 0.92 0.75
CLASS A-4 (to call)
------------------------------------------------------------------------------------------------------------
% of Prepayment Assumption 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------------
Average Life (years) 15.68 5.89 3.99 3.00 2.42 2.02
Yield @ par 6.39% 6.35% 6.33% 6.30% 6.27% 6.24%
Modified Duration 9.68 4.78 3.43 2.66 2.18 1.85
First Principal Payment 05/13 05/03 10/01 12/00 07/00 03/00
Last Principal Payment 06/16 05/05 02/03 12/01 03/01 09/00
Principal Window (years) 3.17 2.08 1.42 1.08 0.75 0.58
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
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IMC HOME EQUITY LOAN TRUST 1998-3
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BOND SENSITIVITY TO PREPAYMENTS (continued)
CLASS A-5 (to call)
------------------------------------------------------------------------------------------------------------
% of Prepayment Assumption 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------------
Average Life (years) 20.28 8.34 5.39 4.00 3.15 2.60
Yield @ par 6.52% 6.49% 6.47% 6.45% 6.42% 6.40%
Modified Duration 11.01 6.27 4.43 3.43 2.77 2.33
First Principal Payment 06/16 05/05 02/03 12/01 03/01 09/00
Last Principal Payment 03/21 03/08 08/04 12/02 01/02 05/01
Principal Window (years) 4.83 2.92 1.58 1.08 0.92 0.75
CLASS A-6 (to call)
------------------------------------------------------------------------------------------------------------
% of Prepayment Assumption 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------------
Average Life (years) 24.86 11.52 7.66 5.40 4.19 3.38
Yield @ par 6.57% 6.56% 6.54% 6.52% 6.50% 6.48%
Modified Duration 12.01 7.88 5.86 4.43 3.56 2.95
First Principal Payment 03/21 03/08 08/04 12/02 01/02 05/01
Last Principal Payment 02/25 12/11 12/07 11/04 05/03 05/02
Principal Window (years) 4.00 3.83 3.42 2.00 1.42 1.08
CLASS A-7 (to call)
------------------------------------------------------------------------------------------------------------
% of Prepayment Assumption 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------------
Average Life (years) 27.22 14.36 10.35 7.70 5.94 4.77
Yield @ par 6.96% 6.95% 6.94% 6.93% 6.91% 6.90%
Modified Duration 11.98 8.87 7.20 5.81 4.73 3.95
First Principal Payment 02/25 12/11 12/07 11/04 05/03 05/02
Last Principal Payment 09/25 11/12 11/08 05/06 09/04 07/03
Principal Window (years) 0.67 1.00 1.00 1.58 1.42 1.25
CLASS A-8 NAS (to call)
------------------------------------------------------------------------------------------------------------
% of Prepayment Assumption 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------------
Average Life (years) 12.11 7.76 6.92 6.27 5.47 4.72
Yield @ par 6.47% 6.46% 6.45% 6.45% 6.44% 6.43%
Modified Duration 8.06 5.85 5.37 4.98 4.47 3.96
First Principal Payment 07/01 07/01 07/01 07/01 07/01 07/01
Last Principal Payment 09/25 11/12 11/08 05/06 09/04 07/03
Principal Window (years) 24.25 11.42 7.42 4.92 3.25 2.08
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
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IMC HOME EQUITY LOAN TRUST 1998-3
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BOND SENSITIVITY TO PREPAYMENTS (continued)
CLASS A-7 (to maturity)
------------------------------------------------------------------------------------------------------------
% of Prepayment Assumption 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------------
Average Life (years) 28.24 16.38 12.69 9.71 7.35 5.62
Yield @ par 6.97% 6.98% 7.01% 7.01% 7.00% 6.97%
Modified Duration 12.13 9.49 8.17 6.79 5.52 4.47
First Principal Payment 02/25 12/11 12/07 11/04 05/03 05/02
Last Principal Payment 02/28 03/24 03/18 10/13 12/11 08/09
Principal Window (years) 3.08 12.33 10.33 9.00 8.67 7.33
CLASS A-8 NAS (to maturity)
------------------------------------------------------------------------------------------------------------
% of Prepayment Assumption 0% 50% 75% 100% 125% 150%
------------------------------------------------------------------------------------------------------------
Average Life (years) 12.11 7.76 6.97 6.44 6.03 5.71
Yield @ par 6.47% 6.46% 6.46% 6.46% 6.48% 6.52%
Modified Duration 8.06 5.85 5.40 5.07 4.81 4.60
First Principal Payment 07/01 07/01 07/01 07/01 07/01 07/01
Last Principal Payment 12/27 06/22 05/13 05/13 10/11 05/09
Principal Window (years) 26.50 21.00 11.92 11.92 10.33 7.92
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇@
---------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-3
---------------------------------------------------------------
DESCRIPTION OF THE STATISTICAL POOL OF HOME EQUITY LOANS
AS OF THE STATISTICAL CUT-OFF DATE
Aggregate Field Description Count Balance$ Pool%
State Alabama 8 345,256 0.05
Alaska 1 94,849 0.01
Arizona 70 4,235,926 0.58
Arkansas 35 1,516,702 0.21
California 354 39,063,448 5.34
Colorado 126 8,870,812 1.21
Connecticut 169 13,648,367 1.87
Delaware 39 2,284,814 0.31
District of Columbia 17 1,556,237 0.21
Florida 984 58,064,241 7.94
Georgia 392 27,040,033 3.70
Hawaii 19 3,059,993 0.42
Idaho 35 1,742,791 0.24
Illinois 431 28,038,320 3.84
Indiana 386 19,061,668 2.61
Iowa 38 1,892,203 0.26
Kansas 30 1,551,496 0.21
Kentucky 124 6,163,052 0.84
Louisiana 88 4,242,984 0.58
Maine 17 965,714 0.13
Maryland 410 27,731,833 3.79
Massachusetts 210 14,370,556 1.97
Michigan 1,015 60,482,676 8.27
Minnesota 104 7,055,357 0.97
Mississippi 86 3,862,443 0.53
Missouri 142 6,139,041 0.84
Montana 6 639,622 0.09
Nebraska 25 1,081,358 0.15
Nevada 36 2,973,095 0.41
New Hampshire 17 963,936 0.13
New Jersey 474 42,702,007 5.84
New Mexico 54 4,222,615 0.58
New York 1,338 108,905,896 14.90
North Carolina 551 32,525,267 4.45
North Dakota 3 205,876 0.03
Ohio 702 38,528,478 5.27
Oklahoma 40 1,701,950 0.23
Oregon 91 7,564,838 1.03
Pennsylvania 639 38,486,353 5.26
Rhode Island 50 3,575,209 0.49
South Carolina 379 20,855,661 2.85
South Dakota 1 35,000 0.00
Tennessee 469 27,567,027 3.77
Texas 235 15,559,107 2.13
Utah 84 7,446,371 1.02
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇@
---------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-3
---------------------------------------------------------------
Vermont 8 518,366 0.07
Virginia 287 17,041,899 2.33
Washington 103 8,273,326 1.13
West Virginia 41 1,732,814 0.24
DESCRIPTION OF THE STATISTICAL POOL OF HOME EQUITY LOANS
AS OF THE STATISTICAL CUT-OFF DATE
Wisconsin 96 4,723,646 0.65
Wyoming 4 161,366 0.02
------ ----------- ------
Total 11,063 $731,071,895 100.00%
Aggregate Field Description Count Balance$ Pool%
Combined LTV 5.01 to 10.00 4 76,171 0.01
10.01 to 15.00 13 296,376 0.04
15.01 to 20.00 19 444,685 0.06
20.01 to 25.00 50 1,542,791 0.21
25.01 to 30.00 62 2,527,813 0.35
30.01 to 35.00 83 3,123,038 0.43
35.01 to 40.00 128 6,179,521 0.85
40.01 to 45.00 142 6,258,760 0.86
45.01 to 50.00 239 11,490,323 1.57
50.01 to 55.00 229 13,529,426 1.85
55.01 to 60.00 404 21,386,347 2.93
60.01 to 65.00 676 40,524,426 5.54
65.01 to 70.00 1,038 61,819,420 8.46
70.01 to 75.00 1,574 104,742,599 14.33
75.01 to 80.00 2,955 226,732,383 31.01
80.01 to 85.00 1,554 117,888,440 16.13
85.01 to 90.00 1,219 89,627,166 12.26
90.01 to 95.00 177 6,732,655 0.92
95.01 to 100.00 497 16,149,555 2.21
------ ----------- ------
Total 11,063 $731,071,895 100.00%
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇@
---------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-3
---------------------------------------------------------------
DESCRIPTION OF THE STATISTICAL POOL OF HOME EQUITY LOANS
AS OF THE STATISTICAL CUT-OFF DATE
Aggregate Field Description Count Balance$ Pool%
Current Coupon 6.001 - 7.000 28 3,265,794 0.45
7.001 - 8.000 160 18,555,342 2.54
8.001 - 9.000 699 68,279,674 9.34
9.001 - 10.000 1,819 157,176,240 21.50
10.001 - 11.000 2,712 190,649,808 26.08
11.001 - 12.000 2,377 143,588,388 19.64
12.001 - 13.000 1,782 92,134,941 12.60
13.001 - 14.000 984 39,537,721 5.41
14.001 - 15.000 377 13,821,815 1.89
15.001 - 16.000 93 3,156,695 0.43
16.001 - 17.000 28 839,357 0.11
17.001 - 18.000 3 47,120 0.01
19.001 - 20.000 1 19,000 0.00
------ ----------- ------
Total 11,063 $731,071,895 100.00%
Aggregate Field Description Count Balance$ Pool%
Current Balance Up to 25,000.00 1,831 33,663,800 4.60
25,000.01 to 50,000.00 3,714 140,537,686 19.22
50,000.01 to 75,000.00 2,466 151,347,649 20.70
75,000.01 to 100,000.00 1,226 106,715,177 14.60
100,000.01 to 125,000.00 706 79,183,854 10.83
125,000.01 to 150,000.00 387 52,772,534 7.22
150,000.01 to 175,000.00 220 35,491,479 4.85
175,000.01 to 200,000.00 96 17,812,498 2.44
200,000.01 to 250,000.00 185 41,856,335 5.73
250,000.01 to 300,000.00 142 38,929,431 5.33
300,000.01 to 350,000.00 47 15,165,634 2.07
350,000.01 to 400,000.00 25 9,369,042 1.28
400,000.01 to 450,000.00 10 4,244,102 0.58
450,000.01 to 500,000.00 4 1,897,686 0.26
500,000.01 to 550,000.00 3 1,528,763 0.21
Over 550,000.00 1 556,223 0.08
------ ----------- ------
Total 11,063 $731,071,895 100.00%
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇@
---------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-3
---------------------------------------------------------------
DESCRIPTION OF THE STATISTICAL POOL OF HOME EQUITY LOANS
AS OF THE STATISTICAL CUT-OFF DATE
Aggregate Field Description Count Balance$ Pool%
Property Type Two- to Four-Family 686 51,902,957 7.10
Townhouse 21 1,261,330 0.17
Manufactured Housing 74 3,300,702 0.45
Multi-Family 28 2,993,101 0.41
Condominium 130 7,725,601 1.06
Single Family Attached 114 6,358,906 0.87
Single Family Detached 9,992 656,157,457 89.75
Planned Unit Development 15 1,029,384 0.14
Mixed Use 3 342,458 0.05
------ ----------- ------
Total 11,063 $731,071,895 100.00%
Aggregate Field Description Count Balance$ Pool%
Months Since Origination 0 to 1 4,582 283,136,759 38.73
2 to 12 6,405 443,079,668 60.61
13 to 24 73 4,729,197 0.65
25 or more 3 126,271 0.02
------ ----------- ------
Total 11,063 $731,071,895 100.00%
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇@
---------------------------------------------------------------
IMC HOME EQUITY LOAN TRUST 1998-3
---------------------------------------------------------------
DESCRIPTION OF THE STATISTICAL POOL OF HOME EQUITY LOANS
AS OF THE STATISTICAL CUT-OFF DATE
Aggregate Field Description Count Balance$ Pool%
Remaining Term Up to 120 524 14,946,782 2.04
121 to 180 5,772 350,762,977 47.98
181 to 240 1,193 65,089,579 8.90
241 to 300 145 9,011,432 1.23
301 to 360 3,429 291,261,125 39.84
------ ----------- ------
Total 11,063 $731,071,895 100.00%
Aggregate Field Description Count Balance$ Pool%
Lien Type First Lien 8,311 624,915,592 85.48
Second Lien 2,752 106,156,303 14.52
------ ----------- ------
Total 11,063 $731,071,895 100.00%
Aggregate Field Description Count Balance$ Pool%
Occupancy Owner Occupied 10,362 691,693,546 94.61
Investor Owned 681 38,261,604 5.23
Vacation/Second Home 20 1,116,744 0.15
------ ----------- ------
Total 11,063 $731,071,895 100.00%
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
"Bond Id : IMC 1998-3 WRAP A3"
"Bond Type : "
"Original Balance : 198193000.00"
"Coupon : 6.260000"
"Per" "PmtDate" "Balance" "Interest" "Principal" "PrepayPen" "TotalCash" "IntShtFall" "PrinShtFall" "Loss" "CumLoss"
0 0 198193000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 19980720 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
2 19980820 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
3 19980920 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
4 19981020 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
5 19981120 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
6 19981220 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
7 19990120 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
8 19990220 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
9 19990320 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
10 19990420 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
11 19990520 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
12 19990620 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
13 19990720 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
14 19990820 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
15 19990920 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
16 19991020 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
17 19991120 198193000.00 1033906.82 0.00 0.00 1033906.82 0.00 0.00 0.00 0.00
18 19991220 181211088.55 1033906.82 16981911.45 0.00 18015818.27 0.00 0.00 0.00 0.00
19 20000120 163957099.98 945317.85 17253988.57 0.00 18199306.41 0.00 0.00 0.00 0.00
20 20000220 147121825.48 855309.54 16835274.50 0.00 17690584.04 0.00 0.00 0.00 0.00
21 20000320 130695199.20 767485.52 16426626.28 0.00 17194111.81 0.00 0.00 0.00 0.00
22 20000420 114667395.89 681793.29 16027803.31 0.00 16709596.60 0.00 0.00 0.00 0.00
23 20000520 99028825.20 598181.58 15638570.69 0.00 16236752.27 0.00 0.00 0.00 0.00
24 20000620 83770126.05 516600.37 15258699.15 0.00 15775299.52 0.00 0.00 0.00 0.00
25 20000720 68882161.20 437000.82 14887964.86 0.00 15324965.68 0.00 0.00 0.00 0.00
26 20000820 54356011.87 359335.27 14526149.33 0.00 14885484.60 0.00 0.00 0.00 0.00
27 20000920 40182972.60 283557.20 14173039.27 0.00 14456596.47 0.00 0.00 0.00 0.00
28 20001020 26354546.10 209621.17 13828426.50 0.00 14038047.67 0.00 0.00 0.00 0.00
29 20001120 12862438.35 137482.88 13492107.75 0.00 13629590.63 0.00 0.00 0.00 0.00
30 20001220 0.00 67099.05 12862438.35 0.00 12929537.40 0.00 0.00 0.00 0.00
31 20010120 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
32 20010220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
33 20010320 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
34 20010420 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
35 20010520 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
36 20010620 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
"Per" "NegAmort" "Coupon" "StatedCoupon"
0 0.00 0.000000 0.000000
1 0.00 6.260000 6.260000
2 0.00 6.260000 6.260000
3 0.00 6.260000 6.260000
4 0.00 6.260000 6.260000
5 0.00 6.260000 6.260000
6 0.00 6.260000 6.260000
7 0.00 6.260000 6.260000
8 0.00 6.260000 6.260000
9 0.00 6.260000 6.260000
10 0.00 6.260000 6.260000
11 0.00 6.260000 6.260000
12 0.00 6.260000 6.260000
13 0.00 6.260000 6.260000
14 0.00 6.260000 6.260000
15 0.00 6.260000 6.260000
16 0.00 6.260000 6.260000
17 0.00 6.260000 6.260000
18 0.00 6.260000 6.260000
19 0.00 6.260000 6.260000
20 0.00 6.260000 6.260000
21 0.00 6.260000 6.260000
22 0.00 6.260000 6.260000
23 0.00 6.260000 6.260000
24 0.00 6.260000 6.260000
25 0.00 6.260000 6.260000
26 0.00 6.260000 6.260000
27 0.00 6.260000 6.260000
28 0.00 6.260000 6.260000
29 0.00 6.260000 6.260000
30 0.00 6.260000 6.260000
31 0.00 0.000000 6.260000
32 0.00 0.000000 6.260000
33 0.00 0.000000 6.260000
34 0.00 0.000000 6.260000
35 0.00 0.000000 6.260000
36 0.00 0.000000 6.260000
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
"Bond Id : IMC 1998-3 WRAP A3"
"Bond Type : "
"Original Balance : 198193000.00"
"Coupon : 6.260000"
"Per" "PmtDate" "Balance" "Interest" "Principal" "PrepayPen" "TotalCash" "IntShtFall" "PrinShtFall" "Loss" "CumLoss"
37 20010720 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
38 20010820 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
39 20010920 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
40 20011020 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
41 20011120 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
42 20011220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
43 20020120 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
44 20020220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
45 20020320 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
46 20020420 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
47 20020520 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
48 20020620 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
49 20020720 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
50 20020820 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
51 20020920 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
52 20021020 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
53 20021120 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
54 20021220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
55 20030120 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
56 20030220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
57 20030320 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
58 20030420 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
59 20030520 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
60 20030620 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
61 20030720 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
62 20030820 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
63 20030920 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
64 20031020 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
65 20031120 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
66 20031220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
67 20040120 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
68 20040220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
69 20040320 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
70 20040420 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
71 20040520 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
72 20040620 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
73 20040720 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
74 20040820 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
75 20040920 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
76 20041020 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
"Per" "NegAmort" "Coupon" "StatedCoupon"
37 0.00 0.000000 6.260000
38 0.00 0.000000 6.260000
39 0.00 0.000000 6.260000
40 0.00 0.000000 6.260000
41 0.00 0.000000 6.260000
42 0.00 0.000000 6.260000
43 0.00 0.000000 6.260000
44 0.00 0.000000 6.260000
45 0.00 0.000000 6.260000
46 0.00 0.000000 6.260000
47 0.00 0.000000 6.260000
48 0.00 0.000000 6.260000
49 0.00 0.000000 6.260000
50 0.00 0.000000 6.260000
51 0.00 0.000000 6.260000
52 0.00 0.000000 6.260000
53 0.00 0.000000 6.260000
54 0.00 0.000000 6.260000
55 0.00 0.000000 6.260000
56 0.00 0.000000 6.260000
57 0.00 0.000000 6.260000
58 0.00 0.000000 6.260000
59 0.00 0.000000 6.260000
60 0.00 0.000000 6.260000
61 0.00 0.000000 6.260000
62 0.00 0.000000 6.260000
63 0.00 0.000000 6.260000
64 0.00 0.000000 6.260000
65 0.00 0.000000 6.260000
66 0.00 0.000000 6.260000
67 0.00 0.000000 6.260000
68 0.00 0.000000 6.260000
69 0.00 0.000000 6.260000
70 0.00 0.000000 6.260000
71 0.00 0.000000 6.260000
72 0.00 0.000000 6.260000
73 0.00 0.000000 6.260000
74 0.00 0.000000 6.260000
75 0.00 0.000000 6.260000
76 0.00 0.000000 6.260000
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
"Bond Id : IMC 1998-3 WRAP A3"
"Bond Type : "
"Original Balance : 198193000.00"
"Coupon : 6.260000"
"Per" "PmtDate" "Balance" "Interest" "Principal" "PrepayPen" "TotalCash" "IntShtFall" "PrinShtFall" "Loss" "CumLoss"
77 20041120 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
78 20041220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
79 20050120 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
80 20050220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
81 20050320 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
82 20050420 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
83 20050520 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
84 20050620 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
85 20050720 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
86 20050820 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
87 20050920 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
88 20051020 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
89 20051120 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
90 20051220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
91 20060120 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
92 20060220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
93 20060320 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
94 20060420 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
95 20060520 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
-- ---------- ------------- ------------ ------------ ------------ ------------- ------------- -------------- ------- ----------
24469107.25 198193000.00 0.00 222662107.25
"Per" "NegAmort" "Coupon" "StatedCoupon"
77 0.00 0.000000 6.260000
78 0.00 0.000000 6.260000
79 0.00 0.000000 6.260000
80 0.00 0.000000 6.260000
81 0.00 0.000000 6.260000
82 0.00 0.000000 6.260000
83 0.00 0.000000 6.260000
84 0.00 0.000000 6.260000
85 0.00 0.000000 6.260000
86 0.00 0.000000 6.260000
87 0.00 0.000000 6.260000
88 0.00 0.000000 6.260000
89 0.00 0.000000 6.260000
90 0.00 0.000000 6.260000
91 0.00 0.000000 6.260000
92 0.00 0.000000 6.260000
93 0.00 0.000000 6.260000
94 0.00 0.000000 6.260000
95 0.00 0.000000 6.260000
-- ---- -------- --------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), was prepared solely by the Underwriter(s), is
privileged and confidential, is intended for use by the addressee only, and may
not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating such
information. Prospective investors are advised to read carefully, and should
rely solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") related to the securities (the "Securities") in making their
investment decisions. This material does not include all relevant information
relating to the Securities described herein, particularly with respect to the
risk and special considerations associated with an investment in the Securities.
All information contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more fully
described in, and will be fully superseded by the preliminary prospectus
supplement, if applicable, and the Final Prospectus. Although the information
contained in the material is based on sources the Underwriter(s) believe(s) to
be reliable, the Underwriter(s) make(s) no representation or warranty that such
information is accurate or complete. Such information should not be viewed as
projections, forecasts, predictions, or opinions with respect to value. Prior to
making any investment decision, a prospective investor shall receive and fully
review the Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO
SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. The Underwriter(s) may
hold long or short positions in or buy and sell Securities or related securities
or perform for or solicit investment banking services from, any company
mentioned herein.
