EXHIBIT 99.2
The mortgage loans delivered to the Trust on the Closing Date (the
"Initial Mortgage Loans") consisted of conventional, one-to four- family,
adjustable-rate and fixed-rate mortgage loans. The Depositor purchased the
Initial Mortgage Loans from the Seller pursuant to the Mortgage Loan Purchase
Agreement, dated September 3, 2004 (the "Mortgage Loan Purchase Agreement"),
between the Seller and the Depositor. The Subsequent Group I Mortgage Loans (the
"Subsequent Group I Mortgage Loans") and subsequent Group II Mortgage Loans (the
"Subsequent Group II Mortgage Loans" and together with the Subsequent Group I
Mortgage Loans, the "Subsequent Mortgage Loans" and together with the Initial
Mortgage Loans, the "Mortgage Loans") were purchased by the Trust from the
Depositor pursuant to the Subsequent Mortgage Loan Purchase Agreement dated
September 15, 2004 (the "Subsequent Mortgage Loan Purchase Agreement") between
the Seller and the Depositor from funds on deposit in the Pre-Funding
Accounts.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 Initial Mortgage Loans to be
assigned to the Trustee for the benefit of the certificateholders.
The Initial Mortgage Loans included in loan group I and loan group II
had an aggregate principal balance as of the Cut-off Date of approximately
$472,361,751.28 and $152,638,307.92, respectively. The Subsequent Mortgage Loans
had an aggregate principal balance as of the Cut-off Date of $ 174,998,957.01.
The Mortgage Loans will be secured by mortgages or deeds of trust or
other similar security instruments creating first liens on residential
properties (the "Mortgaged Properties") consisting of attached, detached or
semi-detached one-to four-family dwelling units, individual condominium units or
individual units in planned unit developments and manufactured housing. The
Mortgage Loans will have original terms to maturity of not greater than 30 years
from the date on which the first payment was due on each Mortgage Loan.
Each adjustable-rate Mortgage Loan will accrue interest at the
adjustable-rate calculated as specified under the terms of the related mortgage
note and each fixed-rate Mortgage Loan will have a Mortgage Rate that is fixed
for the life of such Mortgage (each such rate, a "Mortgage Rate").
Approximately 95.92% and approximately 4.08% of the Mortgage Loans, in
each case, 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 accrues 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 76.76% of the
adjustable-rate Group I Mortgage Loans and approximately 78.56% 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 23.24%
of the adjustable-rate Group I Mortgage Loans and approximately 21.44% 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 and a fixed percentage amount (the
"Gross Margin"). The Mortgage Rate on each adjustable-rate Mortgage Loan will
not decrease on the first related Adjustment Date, will not increase by more
than 2.000% per annum on the first related Adjustment Date (the "Initial
Periodic Rate Cap") and will not increase or decrease by more than 1.000% per
annum on any Adjustment Date thereafter (the "Periodic Rate Cap"). Each Mortgage
Rate on each adjustable-rate Mortgage Loan will not exceed a specified maximum
Mortgage Rate over the life of such Mortgage Loan (the "Maximum Mortgage Rate")
or be less than a specified minimum Mortgage Rate over the life of such Mortgage
Loan (the "Minimum Mortgage Rate"). Effective with the first monthly payment due
on each adjustable-rate Mortgage Loan after each related Adjustment Date, the
monthly payment amount will be
adjusted to an amount that will amortize fully the outstanding principal balance
of the related Mortgage Loan over its remaining term, and pay interest at the
Mortgage Rate as so adjusted. Due to the application of the Periodic Rate Caps
and the Maximum Mortgage Rates, the Mortgage Rate on each such adjustable-rate
Mortgage Loan, as adjusted on any related Adjustment Date, may be less than the
sum of the Index and the related Gross Margin, rounded as described herein. None
of the adjustable-rate Mortgage Loans permits the related mortgagor to convert
the adjustable Mortgage Rate thereon to a fixed Mortgage Rate.
The Mortgage Loans will have scheduled monthly payments due on the
first day of the month (with respect to each Mortgage Loan, a "Due Date"). Each
Mortgage Loan will contain a customary "due-on-sale" clause which provides that
(subject to state and federal restrictions) the Mortgage Loan must be repaid at
the time of sale of the related mortgaged property or with the consent of the
holder of the mortgage note assumed by a creditworthy purchaser of the related
mortgaged property.
None of the Mortgage Loans will be buydown mortgage loans.
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 73.36% of the Group I Mortgage Loans and approximately
75.62% 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
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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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
2 YEAR ARMS 2,729 $ 497,169,600.60 62.15% 358 39.39 7.313 593 80.73
3 YEAR ARMS 754 146,942,540.01 18.37 359 38.31 7.206 616 83.47
FIXED 914 155,886,875.60 19.49 347 39.41 6.797 637 73.89
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TOTAL: 4,397 $ 799,999,016.21 100.00% 356 39.20 7.193 606 79.90
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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* (%)*
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 989 $ 79,849,458.00 9.97% 351 36.42 7.712 593 78.74
100,000.01 - 150,000.00 1,177 146,657,005.00 18.31 355 38.27 7.401 600 79.46
150,000.01 - 200,000.00 827 144,499,880.00 18.04 357 39.03 7.253 600 79.92
200,000.01 - 250,000.00 497 111,831,883.00 13.96 358 39.58 7.134 600 79.39
250,000.01 - 300,000.00 335 91,984,115.00 11.48 357 40.38 7.098 602 79.13
300,000.01 - 350,000.00 218 70,553,082.00 8.81 357 40.79 7.029 619 82.06
350,000.01 - 400,000.00 133 49,905,503.00 6.23 359 40.96 6.791 624 81.95
400,000.01 - 450,000.00 100 42,499,900.00 5.31 357 39.74 6.970 623 83.24
450,000.01 - 500,000.00 74 35,520,140.00 4.43 356 39.94 7.011 617 80.17
500,000.01 - 550,000.00 14 7,413,650.00 0.93 359 40.66 7.092 604 78.46
550,000.01 - 600,000.00 19 11,036,562.00 1.38 359 39.50 6.366 650 73.61
600,000.01 - 650,000.00 8 5,080,499.00 0.63 359 37.18 6.467 615 79.17
650,000.01 - 700,000.00 4 2,718,000.00 0.34 359 41.34 6.131 616 70.94
700,000.01 - 750,000.00 2 1,421,500.00 0.18 359 27.01 6.150 628 69.44
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TOTAL: 4,397 $ 800,971,177.00 100.00% 356 39.21 7.193 606 79.90
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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 BALANCES NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 990 $ 79,848,781.41 9.98% 351 36.37 7.711 592 78.73
100,000.01 - 150,000.00 1,177 146,527,461.93 18.32 355 38.27 7.402 600 79.49
150,000.01 - 200,000.00 826 144,185,873.98 18.02 357 38.97 7.253 600 79.90
200,000.01 - 250,000.00 498 111,959,816.29 13.99 358 39.59 7.139 600 79.35
250,000.01 - 300,000.00 338 92,829,073.46 11.60 357 40.39 7.082 602 78.94
300,000.01 - 350,000.00 215 69,617,608.74 8.70 357 40.79 7.040 619 82.42
350,000.01 - 400,000.00 133 49,892,874.51 6.24 357 40.96 6.786 623 81.59
400,000.01 - 450,000.00 101 42,922,407.07 5.37 358 39.69 6.970 623 83.64
450,000.01 - 500,000.00 72 34,570,016.85 4.32 356 39.99 7.025 617 80.08
500,000.01 - 550,000.00 14 7,406,861.59 0.93 359 40.66 7.093 604 78.46
550,000.01 - 600,000.00 19 11,028,675.10 1.38 359 39.50 6.366 650 73.61
600,000.01 - 650,000.00 8 5,074,226.77 0.63 359 37.18 6.467 615 79.17
650,000.01 - 700,000.00 4 2,715,907.63 0.34 359 41.33 6.131 616 70.94
700,000.01 - 750,000.00 2 1,419,430.88 0.18 359 27.01 6.150 628 69.45
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TOTAL: 4,397 $ 799,999,016.21 100.00% 356 39.20 7.193 606 79.90
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REMAINING TERM TO MATURITY
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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 MONTHS REMAINING LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
120 - 180 53 $ 6,230,131.82 0.78% 178 36.91 6.846 627 64.34
181 - 240 50 7,141,915.58 0.89 239 38.84 6.745 622 69.99
300 - 360 4,294 786,626,968.81 98.33 359 39.22 7.200 605 80.11
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TOTAL: 4,397 $ 799,999,016.21 100.00% 356 39.20 7.193 606 79.90
-----------------------------------------------------------------------------------------------------------------------------------
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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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 410 $ 94,569,292.63 11.82% 354 38.84 5.816 649 72.52
6.000 - 6.499 654 136,779,919.18 17.10 356 39.76 6.231 628 76.88
6.500 - 6.999 823 160,421,886.10 20.05 355 39.48 6.736 615 79.81
7.000 - 7.499 633 113,378,322.49 14.17 358 38.79 7.233 604 81.89
7.500 - 7.999 778 128,636,379.23 16.08 357 39.01 7.734 588 83.85
8.000 - 8.499 445 70,735,322.52 8.84 357 39.44 8.215 577 83.85
8.500 - 8.999 364 53,231,084.74 6.65 357 38.17 8.703 570 83.79
9.000 - 9.499 143 20,171,509.07 2.52 357 38.95 9.200 561 82.20
9.500 - 9.999 72 11,201,302.80 1.40 359 40.59 9.720 553 77.56
10.000 - 10.499 31 4,199,191.34 0.52 357 42.42 10.262 539 75.52
10.500 - 10.999 18 2,862,490.06 0.36 358 37.67 10.763 536 66.95
11.000 - 11.499 14 2,331,189.01 0.29 359 37.20 11.205 525 67.32
11.500 - 11.999 6 569,997.77 0.07 357 34.27 11.684 538 54.21
12.000 - 12.499 6 911,129.27 0.11 359 46.10 12.169 514 63.78
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TOTAL: 4,397 $ 799,999,016.21 100.00% 356 39.20 7.193 606 79.90
-----------------------------------------------------------------------------------------------------------------------------------
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ORIGINAL LOAN-TO-VALUE RATIOS
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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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
<= 25.00 8 $ 1,087,935.97 0.14% 341 37.55 7.088 601 17.73
25.01 - 30.00 6 947,622.13 0.12 359 34.16 7.099 599 27.53
30.01 - 35.00 8 860,930.80 0.11 335 35.51 7.192 615 32.81
35.01 - 40.00 31 3,516,652.88 0.44 331 39.75 6.747 610 37.56
40.01 - 45.00 39 7,313,869.48 0.91 339 38.50 6.530 626 42.59
45.01 - 50.00 73 10,859,495.95 1.36 353 39.00 6.827 615 47.76
50.01 - 55.00 93 16,038,720.48 2.00 345 41.31 7.080 591 52.97
55.01 - 60.00 132 23,845,305.89 2.98 354 38.91 6.985 604 58.04
60.01 - 65.00 230 42,481,985.71 5.31 353 39.77 6.994 586 63.39
65.01 - 70.00 299 56,812,691.49 7.10 357 40.25 7.308 582 68.66
70.01 - 75.00 461 86,019,883.73 10.75 357 40.53 7.192 581 73.95
75.01 - 80.00 1,158 212,192,882.34 26.52 357 38.22 6.855 610 79.60
80.01 - 85.00 315 56,958,616.75 7.12 355 38.90 7.234 597 84.29
85.01 - 90.00 742 124,699,670.26 15.59 358 39.37 7.557 598 89.70
90.01 - 95.00 802 156,362,752.35 19.55 358 39.14 7.471 636 94.78
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TOTAL: 4,397 $ 799,999,016.21 100.00% 356 39.20 7.193 606 79.90
-----------------------------------------------------------------------------------------------------------------------------------
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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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
500 - 519 338 $ 56,674,494.70 7.08% 358 41.18 8.273 509 74.78
520 - 539 395 63,373,611.53 7.92 357 41.34 7.963 530 75.40
540 - 559 476 80,834,250.24 10.10 357 38.83 7.521 551 75.91
560 - 579 444 76,667,261.38 9.58 357 40.32 7.421 569 78.20
580 - 599 517 90,100,804.94 11.26 355 38.76 7.210 588 79.45
600 - 619 626 115,010,655.33 14.38 357 38.84 7.033 609 82.90
620 - 639 535 104,493,265.45 13.06 355 38.40 6.863 629 82.82
640 - 659 389 74,099,932.26 9.26 356 38.94 6.879 649 82.70
660 - 679 253 50,184,644.89 6.27 356 38.19 6.836 669 83.61
680 - 699 177 36,475,524.67 4.56 357 38.89 6.623 689 83.36
700 - 719 95 19,606,336.22 2.45 351 38.68 6.557 710 81.09
720 - 739 57 10,953,098.86 1.37 349 39.74 6.485 730 79.08
740 - 759 54 11,339,923.90 1.42 358 36.52 6.347 748 78.19
760 - 779 23 6,501,260.76 0.81 359 35.97 6.059 772 71.52
780 - 799 17 3,541,451.08 0.44 354 38.78 6.248 786 67.68
800 - 819 1 142,500.00 0.02 360 25.00 7.150 803 95.00
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TOTAL: 4,397 $ 799,999,016.21 100.00% 356 39.20 7.193 606 79.90
-----------------------------------------------------------------------------------------------------------------------------------
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DEBT-TO-INCOME RATIO
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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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
<= 20.00 237 $ 38,060,889.63 4.76% 354 13.94 7.239 615 80.69
20.01 - 25.00 264 42,408,242.34 5.30 355 23.26 7.239 604 78.79
25.01 - 30.00 385 60,834,521.10 7.60 356 28.28 7.216 609 78.10
30.01 - 35.00 580 99,603,333.21 12.45 356 33.11 7.172 609 79.42
35.01 - 40.00 756 139,843,550.94 17.48 356 38.03 7.209 609 80.58
40.01 - 45.00 938 176,168,987.76 22.02 356 43.09 7.092 614 81.44
45.01 - 50.00 1,017 197,397,725.96 24.67 357 48.09 7.265 596 82.17
50.01 - 55.00 220 45,681,765.27 5.71 353 52.98 7.156 585 65.93
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TOTAL: 4,397 $799,999,016.21 100.00% 356 39.20 7.193 606 79.90
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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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
California 1,034 $256,995,631.30 32.12% 357 40.69 6.828 607 74.85
Florida 502 78,788,748.42 9.85 357 38.42 7.378 606 83.10
New York 230 66,742,035.84 8.34 355 39.94 7.267 614 80.45
Illinois 305 51,480,452.41 6.44 357 39.64 7.492 612 84.22
Texas 224 28,286,401.13 3.54 350 36.78 7.562 596 83.90
Massachusetts 115 26,919,724.11 3.36 357 39.73 7.050 607 76.76
Arizona 196 23,766,378.02 2.97 355 36.45 7.245 612 84.99
Maryland 110 22,470,895.01 2.81 355 37.44 7.487 603 81.69
Nevada 113 21,363,926.86 2.67 358 39.08 7.354 594 77.82
Michigan 166 20,212,446.56 2.53 359 38.43 7.555 581 81.28
Connecticut 80 15,429,490.95 1.93 358 38.07 7.529 602 83.11
Washington 80 14,913,216.16 1.86 358 40.03 7.189 609 83.43
Pennsylvania 92 14,455,818.89 1.81 349 38.02 7.356 581 80.10
Minnesota 86 14,307,378.06 1.79 359 38.19 7.296 593 83.21
Ohio 121 12,404,304.21 1.55 358 38.34 7.603 594 86.69
Georgia 77 11,271,625.52 1.41 355 37.56 7.521 600 86.77
Colorado 57 10,575,538.11 1.32 355 38.71 6.887 609 83.76
New Jersey 40 10,456,559.25 1.31 358 38.26 7.468 631 85.79
Hawaii 33 9,404,015.25 1.18 357 40.51 6.267 648 72.48
Utah 62 8,877,551.31 1.11 348 36.76 7.049 623 83.09
Other 674 80,876,878.84 10.11 357 37.63 7.518 598 82.84
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TOTAL: 4,397 $799,999,016.21 100.00% 356 39.20 7.193 606 79.90
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OCCUPANCY STATUS
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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
OCCUPANCY STATUS* LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 4,163 $ 765,238,861.18 95.65% 356 39.50 7.175 604 79.85
Non-owner Occupied 206 29,794,957.77 3.72 356 31.54 7.720 633 81.14
Second Home 28 4,965,197.26 0.62 359 38.31 6.731 667 80.56
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TOTAL: 4,397 $ 799,999,016.21 100.00% 356 39.20 7.193 606 79.90
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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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
Full Docs 3,025 $ 516,254,040.81 64.53% 355 39.48 7.046 597 78.11
Stated Docs 1,037 214,767,883.40 26.85 358 39.52 7.540 628 83.30
Limited Docs 335 68,977,092.00 8.62 358 36.10 7.213 601 82.73
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TOTAL: 4,397 $ 799,999,016.21 100.00% 356 39.20 7.193 606 79.90
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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-Cashout** 2,731 $ 503,526,788.86 62.94% 355 39.82 7.132 593 76.37
Purchase 1,447 262,202,531.56 32.78 358 37.98 7.315 628 86.65
Refi No Cashout*** 219 34,269,695.79 4.28 353 39.46 7.154 614 80.23
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TOTAL: 4,397 $ 799,999,016.21 100.00% 356 39.20 7.193 606 79.90
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** 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.
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CREDIT GRADE
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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
RISK CATEGORY LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
1 2,902 $ 536,450,910.33 67.06% 356 38.95 6.975 622 82.02
2 333 60,835,693.86 7.60 357 39.79 7.226 582 78.68
3 346 60,110,834.43 7.51 355 38.57 7.293 577 78.64
4 352 59,049,088.16 7.38 357 39.98 7.684 570 76.51
5 220 38,031,253.23 4.75 357 40.39 7.852 558 68.02
6 71 12,917,419.84 1.61 358 40.91 9.736 547 65.40
A+ 69 12,633,127.45 1.58 357 38.55 7.309 603 79.32
A 32 7,130,794.04 0.89 359 40.33 7.466 571 77.25
A- 17 2,902,622.09 0.36 349 39.57 7.578 538 70.89
B 17 3,256,093.78 0.41 359 42.50 8.299 550 72.14
C 23 4,023,498.66 0.50 359 39.23 8.648 540 69.53
C- 15 2,657,680.34 0.33 358 42.87 10.111 529 69.22
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TOTAL: 4,397 $ 799,999,016.21 100.00% 356 39.20 7.193 606 79.90
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PROPERTY 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
PROPERTY TYPE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 3,335 $600,811,043.10 75.10% 356 39.24 7.173 603 79.48
PUD - Detached 421 80,106,112.21 10.01 356 38.42 7.191 608 81.59
Two-to-Four Family 304 67,445,378.67 8.43 356 40.01 7.313 625 81.82
Condominium 240 40,578,345.37 5.07 359 38.91 7.267 611 80.98
Manufactured/Mobile Housing 80 8,722,516.16 1.09 355 38.32 7.287 612 72.73
PUD-Attached 14 1,982,709.17 0.25 358 42.49 6.890 623 82.39
Single Family Attached 3 352,911.53 0.04 358 32.49 9.161 576 83.67
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,397 $799,999,016.21 100.00% 356 39.20 7.193 606 79.90
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM AT ORIGINATION
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
ORIGINATION (MONTHS) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
0 1,129 $ 208,689,706.13 26.09% 357 38.64 7.418 609 82.32
12 188 39,641,851.10 4.96 353 38.91 7.369 609 77.09
24 1,709 310,697,004.42 38.84 358 39.70 7.294 592 80.29
36 1,371 240,970,454.56 30.12 354 39.07 6.839 619 77.77
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,397 $ 799,999,016.21 100.00% 356 39.20 7.193 606 79.90
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 4,046 $ 647,648,846.76 80.96% 356 39.00 7.274 602 79.77
Non-Conforming Balance 351 152,350,169.45 19.04 358 40.02 6.847 620 80.44
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 4,397 $ 799,999,016.21 100.00% 356 39.20 7.193 606 79.90
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF % OF PRINCIPAL
ADJUSTABLE RATE BALANCE OF REMAINING
MORTGAGE 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 - 11.999 281 $ 61,308,340.41 9.52% 358 38.16 5.810 624 76.08
12.000 - 12.499 458 96,926,626.49 15.05 358 39.29 6.251 621 78.93
12.500 - 12.999 636 128,948,261.22 20.02 358 39.33 6.745 612 81.17
13.000 - 13.499 537 97,931,825.39 15.20 358 39.17 7.240 600 82.17
13.500 - 13.999 652 111,656,972.31 17.34 358 39.05 7.735 586 84.60
14.000 - 14.499 386 63,989,522.98 9.93 358 39.67 8.213 577 84.10
14.500 - 14.999 293 46,003,895.31 7.14 359 38.49 8.697 568 84.02
15.000 - 15.499 118 17,997,684.86 2.79 359 39.28 9.194 560 82.40
15.500 - 15.999 57 9,468,659.25 1.47 359 41.39 9.706 545 76.43
16.000 - 16.499 23 3,489,255.25 0.54 359 43.24 10.267 530 72.95
16.500 - 16.999 18 2,862,490.06 0.44 358 37.67 10.763 536 66.95
17.000 - 17.499 14 2,331,189.01 0.36 359 37.20 11.205 525 67.32
17.500 - 17.999 5 507,099.29 0.08 357 32.81 11.701 540 55.15
18.000 - 18.499 5 690,318.78 0.11 359 43.57 12.206 517 62.09
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,483 $ 644,112,140.61 100.00% 358 39.15 7.289 598 81.36
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF % OF PRINCIPAL
ADJUSTABLE RATE BALANCE OF REMAINING
MORTGAGE 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 - 5.999 281 $ 61,308,340.41 9.52% 358 38.16 5.810 624 76.08
6.000 - 6.499 458 96,926,626.49 15.05 358 39.29 6.251 621 78.93
6.500 - 6.999 636 128,948,261.22 20.02 358 39.33 6.745 612 81.17
7.000 - 7.499 537 97,931,825.39 15.20 358 39.17 7.240 600 82.17
7.500 - 7.999 652 111,656,972.31 17.34 358 39.05 7.735 586 84.60
8.000 - 8.499 386 63,989,522.98 9.93 358 39.67 8.213 577 84.10
8.500 - 8.999 293 46,003,895.31 7.14 359 38.49 8.697 568 84.02
9.000 - 9.499 118 17,997,684.86 2.79 359 39.28 9.194 560 82.40
9.500 - 9.999 57 9,468,659.25 1.47 359 41.39 9.706 545 76.43
10.000 - 10.499 23 3,489,255.25 0.54 359 43.24 10.267 530 72.95
10.500 - 10.999 18 2,862,490.06 0.44 358 37.67 10.763 536 66.95
11.000 - 11.499 14 2,331,189.01 0.36 359 37.20 11.205 525 67.32
11.500 - 11.999 5 507,099.29 0.08 357 32.81 11.701 540 55.15
12.000 - 12.499 5 690,318.78 0.11 359 43.57 12.206 517 62.09
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,483 $ 644,112,140.61 100.00% 358 39.15 7.289 598 81.36
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF % OF PRINCIPAL
ADJUSTABLE RATE BALANCE OF REMAINING
RANGE OF MORTGAGE 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 - 4.749 113 $ 21,197,723.31 3.29% 355 39.36 7.374 582 83.69
5.000 - 5.249 1 90,169.99 0.01 359 43.00 6.600 600 95.00
5.500 - 5.749 81 16,264,086.61 2.53 359 39.60 7.543 573 79.37
6.000 - 6.249 3,049 565,029,637.65 87.72 359 39.13 7.243 601 81.42
6.500 - 6.749 195 33,365,161.80 5.18 357 38.89 7.484 585 82.07
6.750 - 6.999 1 445,169.37 0.07 359 45.00 7.500 602 90.00
7.000 - 7.249 43 7,720,191.88 1.20 359 39.68 9.016 541 70.62
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,483 $ 644,112,140.61 100.00% 358 39.15 7.289 598 81.36
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF % OF PRINCIPAL
ADJUSTABLE RATE BALANCE OF REMAINING
NEXT RATE MORTGAGE ADJUSTABLE RATE TERM TO DEBT-TO-
ADJUSTMENT NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
DATE MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2006-03 11 $ 2,365,870.49 0.37% 354 34.54 7.515 579 86.98
2006-04 105 20,126,953.29 3.12 354 41.00 7.391 571 82.57
2006-05 55 9,679,504.68 1.50 356 37.52 7.477 555 78.14
2006-06 127 23,162,174.65 3.60 356 38.73 7.352 592 82.06
2006-07 679 114,870,830.99 17.83 357 39.04 7.258 591 80.63
2006-08 1,224 229,541,797.50 35.64 359 39.59 7.283 598 80.95
2006-09 528 97,422,469.00 15.13 360 39.47 7.401 591 79.75
2007-03 2 457,041.47 0.07 354 8.78 7.078 622 81.26
2007-04 23 4,985,644.76 0.77 355 38.60 6.913 591 83.99
2007-05 10 1,857,181.44 0.29 356 44.41 7.470 558 76.27
2007-06 37 7,201,661.84 1.12 357 39.57 7.708 591 85.89
2007-07 132 25,245,758.19 3.92 358 38.66 7.441 625 88.80
2007-08 399 78,512,742.31 12.19 359 38.23 7.153 621 82.28
2007-09 150 28,507,410.00 4.43 360 37.92 7.056 609 81.86
2007-10 1 175,100.00 0.03 360 41.00 6.900 552 74.99
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,483 $ 644,112,140.61 100.00% 358 39.15 7.289 598 81.36
------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF % OF PRINCIPAL
ADJUSTABLE RATE BALANCE OF REMAINING
MORTGAGE ADJUSTABLE RATE TERM TO DEBT-TO-
INITIAL PERIODIC NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
RATE CAP (%) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------------------
2.000 3,483 $ 644,112,140.61 100.00% 358 39.15 7.289 598 81.36
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,483 $ 644,112,140.61 100.00% 358 39.15 7.289 598 81.36
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF % OF PRINCIPAL
ADJUSTABLE RATE BALANCE OF REMAINING
MORTGAGE ADJUSTABLE RATE TERM TO DEBT-TO-
SUBSEQUENT PERIODIC NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
RATE CAP (%) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%)
----------------------------------------------------------------------------------------------------------------------------------
1.000 3,483 $ 644,112,140.61 100.00% 358 39.15 7.289 598 81.36
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,483 $ 644,112,140.61 100.00% 358 39.15 7.289 598 81.36
----------------------------------------------------------------------------------------------------------------------------------
GROUP I MORTGAGE LOAN STATISTICS
The Group I Mortgage Loans consist of 3,677 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $604,703,266.22, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Collateral Selection Date, and subject to a permitted variance of plus or minus
5%. None of the Group I Mortgage Loans had a first Due Date prior to April 1,
2004, or after November1, 2004, or will have a remaining term to stated maturity
of less than 174 months or greater than 360 months as of the Cut-off Date. The
latest maturity date of any Group I Mortgage Loan is October 1, 2034.
-----------------------------------------------------------------------------------------------------------------------------------
COLLATERAL TYPE
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL 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 YEAR ARMS 2,281 $ 376,779,871.77 62.31% 358 39.41 7.339 593 80.90
3 YEAR ARMS 652 114,090,588.55 18.87 359 38.23 7.264 612 82.96
FIXED 744 113,832,805.90 18.82 347 39.17 6.891 631 74.32
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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* (%)*
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 787 $ 64,300,216.00 10.62% 352 36.71 7.691 595 79.91
100,000.01 - 150,000.00 1,089 135,935,914.00 22.45 356 38.36 7.361 602 79.81
150,000.01 - 200,000.00 788 137,746,900.00 22.75 357 38.97 7.242 601 80.08
200,000.01 - 250,000.00 475 106,948,551.00 17.67 358 39.66 7.085 602 79.39
250,000.01 - 300,000.00 320 87,870,215.00 14.51 357 40.64 7.107 602 79.05
300,000.01 - 350,000.00 174 55,508,271.00 9.17 357 40.51 7.011 621 82.31
350,000.01 - 400,000.00 32 11,979,155.00 1.98 359 42.19 6.961 642 84.91
400,000.01 - 450,000.00 10 4,160,885.00 0.69 358 39.62 7.231 631 83.24
450,000.01 - 500,000.00 2 967,500.00 0.16 357 38.30 6.057 591 78.18
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 605,417,607.00 100.00% 356 39.17 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
*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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 788 $ 64,319,425.21 10.64% 352 36.64 7.689 595 79.90
100,000.01 - 150,000.00 1,089 135,819,470.36 22.46 356 38.36 7.362 602 79.83
150,000.01 - 200,000.00 787 137,437,845.78 22.73 357 38.91 7.242 601 80.07
200,000.01 - 250,000.00 476 107,079,969.31 17.71 358 39.67 7.090 601 79.36
250,000.01 - 300,000.00 323 88,718,825.45 14.67 357 40.64 7.091 602 78.85
300,000.01 - 350,000.00 171 54,593,874.34 9.03 357 40.50 7.024 622 82.78
350,000.01 - 400,000.00 31 11,617,017.17 1.92 359 42.20 6.975 639 84.88
400,000.01 - 450,000.00 10 4,154,487.82 0.69 358 39.62 7.231 631 83.23
450,000.01 - 500,000.00 2 962,350.78 0.16 357 38.26 6.058 591 78.13
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 38 $ 4,282,767.24 0.71% 179 35.86 6.880 635 65.96
181 - 240 39 6,006,361.84 0.99 239 39.19 6.651 627 69.70
300 - 360 3,600 594,414,137.14 98.30 359 39.17 7.249 603 80.26
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 - 5.999 312 $ 60,802,498.41 10.05% 353 39.21 5.819 644 72.81
6.000 - 6.499 526 95,500,692.60 15.79 356 39.69 6.238 628 76.13
6.500 - 6.999 692 118,932,765.25 19.67 355 38.90 6.726 615 78.84
7.000 - 7.499 542 88,976,943.31 14.71 358 38.73 7.238 603 81.68
7.500 - 7.999 669 104,585,173.07 17.30 358 39.20 7.732 587 83.70
8.000 - 8.499 398 60,260,266.71 9.97 357 39.68 8.212 580 84.16
8.500 - 8.999 329 46,379,476.27 7.67 357 38.25 8.703 570 83.68
9.000 - 9.499 121 16,260,047.93 2.69 358 38.48 9.204 565 82.68
9.500 - 9.999 65 9,967,822.78 1.65 359 41.02 9.717 554 78.51
10.000 - 10.499 21 2,718,689.46 0.45 359 40.15 10.212 543 76.86
10.500 - 10.999 2 318,890.43 0.05 357 44.44 10.732 549 71.99
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
<= 25.00 6 $ 557,523.27 0.09% 327 30.13 8.115 570 17.76
25.01 - 30.00 6 947,622.13 0.16 359 34.16 7.099 599 27.53
30.01 - 35.00 5 623,418.94 0.10 326 35.61 6.654 633 32.53
35.01 - 40.00 26 3,006,105.67 0.50 330 38.88 6.753 606 37.34
40.01 - 45.00 27 4,603,267.58 0.76 346 37.32 6.558 619 42.47
45.01 - 50.00 58 8,630,092.76 1.43 352 40.00 6.626 607 47.84
50.01 - 55.00 75 12,175,048.80 2.01 342 41.68 6.981 595 52.76
55.01 - 60.00 99 16,629,544.85 2.75 353 39.09 6.991 598 58.01
60.01 - 65.00 176 29,936,696.65 4.95 356 38.66 7.026 588 63.26
65.01 - 70.00 229 39,187,912.38 6.48 356 40.55 7.091 582 68.66
70.01 - 75.00 386 65,784,137.47 10.88 357 40.65 7.255 577 73.92
75.01 - 80.00 1,013 168,087,040.04 27.80 357 38.35 6.916 608 79.64
80.01 - 85.00 263 42,468,165.88 7.02 355 38.37 7.293 598 84.34
85.01 - 90.00 642 98,021,215.13 16.21 358 39.42 7.660 594 89.71
90.01 - 95.00 666 114,045,474.67 18.86 358 39.00 7.589 635 94.82
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 - 519 269 $ 42,734,917.91 7.07% 358 41.66 8.038 509 75.23
520 - 539 316 48,534,350.65 8.03 357 40.94 7.949 530 75.87
540 - 559 401 64,664,494.25 10.69 357 39.29 7.563 551 76.23
560 - 579 377 61,344,436.82 10.14 358 40.23 7.523 568 78.88
580 - 599 447 71,011,739.63 11.74 354 38.74 7.252 589 79.41
600 - 619 532 87,470,860.33 14.47 357 38.98 7.057 609 83.12
620 - 639 444 74,129,315.58 12.26 357 37.80 6.941 629 82.65
640 - 659 331 55,376,315.73 9.16 355 38.41 6.939 649 82.50
660 - 679 210 36,116,847.03 5.97 355 38.28 6.921 669 83.68
680 - 699 148 26,746,814.91 4.42 357 39.70 6.670 689 83.26
700 - 719 78 14,035,463.94 2.32 349 36.95 6.705 710 82.30
720 - 739 51 8,981,203.61 1.49 348 38.88 6.461 729 77.89
740 - 759 46 8,361,778.69 1.38 357 35.78 6.434 748 78.13
760 - 779 12 2,258,999.59 0.37 359 34.95 6.418 769 74.20
780 - 799 14 2,793,227.55 0.46 353 39.99 6.330 787 70.75
800 - 819 1 142,500.00 0.02 360 25.00 7.150 803 95.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
<= 20.00 181 $ 25,950,222.57 4.29% 354 14.27 7.246 618 80.21
20.01 - 25.00 212 31,010,202.72 5.13 355 23.34 7.315 605 79.64
25.01 - 30.00 331 48,614,252.37 8.04 356 28.21 7.271 606 78.33
30.01 - 35.00 488 77,672,332.56 12.84 357 33.08 7.221 607 78.97
35.01 - 40.00 654 110,778,951.40 18.32 357 38.07 7.201 609 81.09
40.01 - 45.00 805 135,695,746.53 22.44 356 43.11 7.161 610 81.72
45.01 - 50.00 841 143,947,233.13 23.80 357 48.12 7.354 591 82.03
50.01 - 55.00 165 31,034,324.94 5.13 354 52.96 7.125 588 65.47
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
California 792 $ 160,849,159.65 26.60% 355 40.53 6.868 601 73.20
Florida 407 63,084,833.38 10.43 358 38.59 7.412 610 83.72
Illinois 292 47,191,903.55 7.80 357 39.26 7.505 610 84.29
New York 176 43,751,619.13 7.24 355 39.19 7.394 606 79.14
Texas 203 24,572,542.44 4.06 351 37.81 7.615 593 84.30
Massachusetts 104 23,281,137.17 3.85 357 39.82 6.977 608 76.84
Arizona 158 20,040,651.41 3.31 357 36.76 7.306 610 85.46
Nevada 101 18,546,226.34 3.07 358 40.47 7.462 592 78.25
Michigan 130 16,075,108.26 2.66 359 38.91 7.402 581 82.65
Maryland 86 15,651,071.92 2.59 356 37.65 7.455 602 81.03
Washington 71 12,650,119.50 2.09 357 40.34 7.163 604 82.87
Minnesota 77 12,350,714.99 2.04 358 37.65 7.263 593 82.33
Connecticut 70 12,167,686.55 2.01 357 38.71 7.512 609 83.42
Ohio 101 10,661,667.11 1.76 358 38.37 7.582 596 87.94
Pennsylvania 73 10,649,611.77 1.76 350 38.20 7.412 587 80.91
Georgia 73 10,051,194.02 1.66 354 38.08 7.458 604 86.50
Colorado 52 8,670,117.17 1.43 355 39.51 6.904 614 84.43
Hawaii 30 8,478,036.92 1.40 358 41.45 6.213 649 72.02
Missouri 78 7,942,589.81 1.31 355 38.64 7.536 594 84.37
New Jersey 34 7,878,505.36 1.30 359 38.69 7.377 637 86.43
Other 569 70,158,769.77 11.60 357 37.64 7.431 602 83.33
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
OCCUPATION STATUS* LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 3,480 $ 578,025,679.28 95.59% 356 39.45 7.220 602 80.00
Non-owner Occupied 177 23,964,435.66 3.96 355 32.18 7.754 637 81.45
Second Home 20 2,713,151.28 0.45 359 34.80 7.087 626 78.23
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
-----------------------------------------------------------------------------------------------------------------------------------
DOCUMENTATION TYPE
-----------------------------------------------------------------------------------------------------------------------------------
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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
Full Docs 2,550 $ 402,906,879.04 66.63% 355 39.51 7.090 595 78.41
Stated Docs 861 155,825,770.36 25.77 358 38.98 7.612 629 83.51
Limited Docs 266 45,970,616.82 7.60 359 36.52 7.303 597 82.70
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
-----------------------------------------------------------------------------------------------------------------------------------
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 ** 2,218 $ 374,458,677.30 61.92% 355 39.83 7.158 592 76.43
Purchase 1,270 202,626,513.06 33.51 358 37.82 7.401 625 86.58
Refi-No Cashout *** 189 27,618,075.86 4.57 353 39.67 7.190 609 81.24
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
** 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 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 2,451 $ 403,402,099.29 66.71% 356 38.90 7.061 620 82.24
2 274 43,819,073.98 7.25 357 39.88 7.323 580 78.40
3 304 49,794,447.13 8.23 355 38.31 7.357 573 78.32
4 291 46,356,633.01 7.67 357 40.36 7.753 570 76.49
5 182 29,716,510.87 4.91 357 39.65 7.826 557 68.05
6 32 5,932,421.11 0.98 358 44.63 8.798 560 67.44
A+ 62 10,400,346.21 1.72 357 38.21 7.428 596 78.69
A 27 5,379,630.58 0.89 359 39.63 7.416 571 76.22
A- 14 2,604,531.92 0.43 348 39.90 7.472 542 70.37
B 16 2,787,343.78 0.46 359 44.09 8.299 545 71.66
C 20 3,599,976.16 0.60 359 38.98 8.484 541 69.37
C- 4 910,252.18 0.15 358 34.96 9.122 538 71.74
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 2,732 $ 438,614,864.40 72.53% 356 39.13 7.213 600 79.65
PUD Detached 371 63,968,377.81 10.58 356 38.24 7.292 604 81.53
Two-to-Four Family 272 59,344,370.21 9.81 356 40.14 7.336 624 81.78
Condominium 212 32,304,101.72 5.34 359 39.44 7.323 610 80.89
Manufactured/Mobile
Housing 75 8,267,690.14 1.37 354 38.04 7.309 615 73.23
PUD-Attached 13 1,922,910.25 0.32 358 43.00 6.834 625 82.46
Single Family Attached 2 280,951.69 0.05 358 34.16 9.228 595 84.61
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
ORIGINATION (MOS) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
0 980 $ 161,074,555.52 26.64% 357 38.39 7.463 607 82.46
12 159 29,665,197.59 4.91 355 38.96 7.310 614 76.78
24 1,439 238,487,647.89 39.44 358 39.68 7.320 593 80.31
36 1,099 175,475,865.22 29.02 354 39.14 6.917 614 78.03
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 3,677 $ 604,703,266.22 100.00% 356 39.15 7.240 604 80.05
-----------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
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 - 11.999 218 $ 41,486,034.93 8.45% 358 38.45 5.816 625 76.05
12.000 - 12.499 367 67,849,700.89 13.82 358 39.65 6.250 623 77.92
12.500 - 12.999 531 93,273,965.42 19.00 358 38.67 6.732 611 80.39
13.000 - 13.499 461 77,079,176.97 15.70 358 39.08 7.245 599 81.90
13.500 - 13.999 568 91,005,201.22 18.54 359 39.20 7.734 585 84.43
14.000 - 14.499 349 54,585,542.78 11.12 358 39.76 8.209 579 84.29
14.500 - 14.999 268 40,125,183.32 8.17 359 38.64 8.697 568 83.89
15.000 - 15.499 100 14,397,616.41 2.93 359 38.73 9.194 564 82.88
15.500 - 15.999 53 8,487,891.91 1.73 359 41.91 9.705 546 77.44
16.000 - 16.499 16 2,261,256.04 0.46 359 41.01 10.217 534 74.69
16.500 - 16.999 2 318,890.43 0.06 357 44.44 10.732 549 71.99
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,933 $ 490,870,460.32 100.00% 358 39.14 7.322 597 81.38
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 - 5.999 218 $ 41,486,034.93 8.45% 358 38.45 5.816 625 76.05
6.000 - 6.499 367 67,849,700.89 13.82 358 39.65 6.250 623 77.92
6.500 - 6.999 531 93,273,965.42 19.00 358 38.67 6.732 611 80.39
7.000 - 7.499 461 77,079,176.97 15.70 358 39.08 7.245 599 81.90
7.500 - 7.999 568 91,005,201.22 18.54 359 39.20 7.734 585 84.43
8.000 - 8.499 349 54,585,542.78 11.12 358 39.76 8.209 579 84.29
8.500 - 8.999 268 40,125,183.32 8.17 359 38.64 8.697 568 83.89
9.000 - 9.499 100 14,397,616.41 2.93 359 38.73 9.194 564 82.88
9.500 - 9.999 53 8,487,891.91 1.73 359 41.91 9.705 546 77.44
10.000 - 10.499 16 2,261,256.04 0.46 359 41.01 10.217 534 74.69
10.500 - 10.999 2 318,890.43 0.06 357 44.44 10.732 549 71.99
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,933 $ 490,870,460.32 100.00% 358 39.14 7.322 597 81.38
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
RANGE OF GROSS 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 - 4.749 100 $ 17,665,527.44 3.60% 355 39.54 7.393 576 83.41
5.000 - 5.249 1 90,169.99 0.02 359 43.00 6.600 600 95.00
5.500 - 5.749 71 13,453,363.24 2.74 359 39.13 7.540 573 78.41
6.000 - 6.249 2,571 429,764,169.05 87.55 359 39.04 7.283 601 81.54
6.500 - 6.749 163 24,892,857.95 5.07 357 40.59 7.566 574 80.80
7.000 - 7.249 27 5,004,372.65 1.02 359 38.63 8.611 545 70.45
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,933 $ 490,870,460.32 100.00% 358 39.14 7.322 597 81.38
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%
------------------------------------------------------------------------------------------------------------------------------------
2006-03 6 $ 905,309.83 0.18% 354 38.70 7.294 539 84.91
2006-04 94 16,681,919.15 3.40 354 41.33 7.401 567 81.85
2006-05 44 7,178,277.78 1.46 356 37.73 7.311 557 80.50
2006-06 92 13,515,088.36 2.75 356 38.08 7.485 580 79.84
2006-07 579 90,508,355.22 18.44 357 39.01 7.304 587 80.18
2006-08 1,016 170,014,467.43 34.64 359 39.56 7.326 600 81.35
2006-09 450 77,976,454.00 15.89 360 39.54 7.372 594 80.73
2007-04 23 4,985,644.76 1.02 355 38.60 6.913 591 83.99
2007-05 10 1,857,181.44 0.38 356 44.41 7.470 558 76.27
2007-06 30 4,137,719.10 0.84 357 39.22 7.864 570 81.08
2007-07 115 19,610,147.15 3.99 358 37.72 7.472 622 87.73
2007-08 340 60,494,336.10 12.32 359 38.34 7.219 618 82.29
2007-09 133 22,830,460.00 4.65 360 37.61 7.158 606 81.39
2007-10 1 175,100.00 0.04 360 41.00 6.900 552 74.99
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,933 $ 490,870,460.32 100.00% 358 39.14 7.322 597 81.38
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 2,933 $ 490,870,460.32 100.00% 358 39.14 7.322 597 81.38
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,933 $ 490,870,460.32 100.00% 358 39.14 7.322 597 81.38
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 2,933 $ 490,870,460.32 100.00% 358 39.14 7.322 597 81.38
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,933 $ 490,870,460.32 100.00% 358 39.14 7.322 597 81.38
------------------------------------------------------------------------------------------------------------------------------------
GROUP II MORTGAGE LOAN STATISTICS
The Group II Mortgage Loans consist of 720 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $195,295,749.99, 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 175 months or greater than 360 months as of the Cut-off
Date. The latest maturity date of any Group II 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 YEAR ARMS 448 $ 120,389,728.83 61.64% 358 39.33 7.231 593 80.22
3 YEAR ARMS 102 32,851,951.46 16.82 358 38.59 7.007 629 85.21
FIXED 170 42,054,069.70 21.53 348 40.04 6.545 651 72.71
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 720 $ 195,295,749.99 100.00% 356 39.36 7.046 611 79.44
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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* (%)*
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 202 $ 15,549,242.00 7.95% 347 35.23 7.800 583 73.90
100,000.01 - 150,000.00 88 10,721,091.00 5.48 347 37.18 7.908 575 75.10
150,000.01 - 200,000.00 39 6,752,980.00 3.45 356 40.23 7.479 585 76.55
200,000.01 - 250,000.00 22 4,883,332.00 2.50 359 37.74 8.211 564 79.23
250,000.01 - 300,000.00 15 4,113,900.00 2.10 359 34.92 6.901 607 80.86
300,000.01 - 350,000.00 44 15,044,811.00 7.69 358 41.82 7.096 608 81.13
350,000.01 - 400,000.00 101 37,926,348.00 19.39 359 40.58 6.738 618 81.02
400,000.01 - 450,000.00 90 38,339,015.00 19.61 356 39.76 6.942 622 83.24
450,000.01 - 500,000.00 72 34,552,640.00 17.67 356 39.99 7.038 618 80.22
500,000.01 - 550,000.00 14 7,413,650.00 3.79 359 40.66 7.092 604 78.46
550,000.01 - 600,000.00 19 11,036,562.00 5.64 359 39.50 6.366 650 73.61
600,000.01 - 650,000.00 8 5,080,499.00 2.60 359 37.18 6.467 615 79.17
650,000.01 - 700,000.00 4 2,718,000.00 1.39 359 41.34 6.131 616 70.94
700,000.01 - 750,000.00 2 1,421,500.00 0.73 359 27.01 6.150 628 69.44
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 720 $ 195,553,570.00 100.00% 356 39.36 7.045 611 79.44
-----------------------------------------------------------------------------------------------------------------------------------
*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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 202 $15,529,356.20 7.95% 347 35.22 7.801 583 73.90
100,000.01 - 150,000.00 88 10,707,991.57 5.48 347 37.18 7.908 575 75.10
150,000.01 - 200,000.00 39 6,748,028.20 3.46 356 40.22 7.479 585 76.55
200,000.01 - 250,000.00 22 4,879,846.98 2.50 359 37.74 8.212 564 79.22
250,000.01 - 300,000.00 15 4,110,248.01 2.10 359 34.92 6.902 607 80.86
300,000.01 - 350,000.00 44 15,023,734.40 7.69 358 41.82 7.096 608 81.13
350,000.01 - 400,000.00 102 38,275,857.34 19.60 357 40.58 6.729 618 80.59
400,000.01 - 450,000.00 91 38,767,919.25 19.85 358 39.70 6.942 623 83.68
450,000.01 - 500,000.00 70 33,607,666.07 17.21 356 40.04 7.053 617 80.14
500,000.01 - 550,000.00 14 7,406,861.59 3.79 359 40.66 7.093 604 78.46
550,000.01 - 600,000.00 19 11,028,675.10 5.65 359 39.50 6.366 650 73.61
600,000.01 - 650,000.00 8 5,074,226.77 2.60 359 37.18 6.467 615 79.17
650,000.01 - 700,000.00 4 2,715,907.63 1.39 359 41.33 6.131 616 70.94
700,000.01 - 750,000.00 2 1,419,430.88 0.73 359 27.01 6.150 628 69.45
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 720 $195,295,749.99 100.00% 356 39.36 7.046 611 79.44
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF
BALANCE PRINCIPAL REMAINING DEBT-
RANGE OF NUMBER OF AS OF BALANCE AS OF TERM TO TO- MORTGAGE
MONTHS MORTGAGE THE CUT-OFF THE CUT-OFF MATURITY INCOME RATES OLTV
REMAINING LOANS DATE ($) DATE (MONTHS) (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
120 - 180 15 $ 1,947,364.58 1.00% 178 39.21 6.772 608 60.76
181 - 240 11 1,135,553.74 0.58 239 37.00 7.243 597 71.51
300 - 360 694 192,212,831.67 98.42 359 39.38 7.047 612 79.68
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 720 $195,295,749.99 100.00% 356 39.36 7.046 611 79.44
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 98 $ 33,766,794.22 17.29% 356 38.16 5.810 657 72.01
6.000 - 6.499 128 41,279,226.58 21.14 357 39.92 6.216 626 78.61
6.500 - 6.999 131 41,489,120.85 21.24 354 41.14 6.763 615 82.61
7.000 - 7.499 91 24,401,379.18 12.49 358 39.00 7.213 608 82.67
7.500 - 7.999 109 24,051,206.16 12.32 354 38.21 7.745 593 84.46
8.000 - 8.499 47 10,475,055.81 5.36 356 38.06 8.228 563 82.08
8.500 - 8.999 35 6,851,608.47 3.51 359 37.64 8.705 573 84.53
9.000 - 9.499 22 3,911,461.14 2.00 354 40.87 9.185 545 80.22
9.500 - 9.999 7 1,233,480.02 0.63 359 37.07 9.744 539 69.90
10.000 - 10.499 10 1,480,501.88 0.76 353 46.58 10.353 531 73.06
10.500 - 10.999 16 2,543,599.63 1.30 359 36.82 10.767 534 66.31
11.000 - 11.499 14 2,331,189.01 1.19 359 37.20 11.205 525 67.32
11.500 - 11.999 6 569,997.77 0.29 357 34.27 11.684 538 54.21
12.000 - 12.499 6 911,129.27 0.47 359 46.10 12.169 514 63.78
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 720 $195,295,749.99 100.00% 356 39.36 7.046 611 79.44
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
<= 25.00 2 $ 530,412.70 0.27% 356 45.34 6.008 633 17.70
30.01 - 35.00 3 237,511.86 0.12 357 35.24 8.602 567 33.54
35.01 - 40.00 5 510,547.21 0.26 336 44.93 6.711 633 38.84
40.01 - 45.00 12 2,710,601.90 1.39 327 40.49 6.482 637 42.79
45.01 - 50.00 15 2,229,403.19 1.14 358 35.11 7.608 649 47.45
50.01 - 55.00 18 3,863,671.68 1.98 352 40.15 7.393 579 53.66
55.01 - 60.00 33 7,215,761.04 3.69 355 38.49 6.973 617 58.10
60.01 - 65.00 54 12,545,289.06 6.42 345 42.40 6.918 582 63.69
65.01 - 70.00 70 17,624,779.11 9.02 358 39.56 7.791 583 68.68
70.01 - 75.00 75 20,235,746.26 10.36 356 40.14 6.988 592 74.06
75.01 - 80.00 145 44,105,842.30 22.58 358 37.74 6.621 619 79.44
80.01 - 85.00 52 14,490,450.87 7.42 358 40.47 7.059 596 84.14
85.01 - 90.00 100 26,678,455.13 13.66 358 39.17 7.176 610 89.65
90.01 - 95.00 136 42,317,277.68 21.67 357 39.54 7.153 638 94.66
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 720 $ 195,295,749.99 100.00% 356 39.36 7.046 611 79.44
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 69 $ 13,939,576.79 7.14% 358 39.72 8.991 509 73.37
520 - 539 79 14,839,260.88 7.60 357 42.67 8.007 529 73.86
540 - 559 75 16,169,755.99 8.28 355 36.95 7.353 551 74.65
560 - 579 67 15,322,824.56 7.85 355 40.69 7.010 571 75.48
580 - 599 70 19,089,065.31 9.77 356 38.81 7.054 588 79.60
600 - 619 94 27,539,795.00 14.10 357 38.39 6.957 608 82.19
620 - 639 91 30,363,949.87 15.55 352 39.86 6.672 629 83.24
640 - 659 58 18,723,616.53 9.59 358 40.51 6.699 649 83.30
660 - 679 43 14,067,797.86 7.20 359 37.96 6.620 669 83.44
680 - 699 29 9,728,709.76 4.98 356 36.65 6.491 688 83.63
700 - 719 17 5,570,872.28 2.85 356 43.04 6.185 709 78.05
720 - 739 6 1,971,895.25 1.01 353 43.69 6.596 732 84.52
740 - 759 8 2,978,145.21 1.52 359 38.58 6.103 746 78.37
760 - 779 11 4,242,261.17 2.17 358 36.52 5.867 773 70.09
780 - 799 3 748,223.53 0.38 359 34.26 5.941 786 56.22
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 720 $ 195,295,749.99 100.00% 356 39.36 7.046 611 79.44
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 56 $ 12,110,667.06 6.20% 355 13.24 7.222 609 81.73
20.01 - 25.00 52 11,398,039.62 5.84 355 23.05 7.034 599 76.47
25.01 - 30.00 54 12,220,268.73 6.26 357 28.55 6.997 621 77.17
30.01 - 35.00 92 21,931,000.65 11.23 356 33.20 6.997 618 80.99
35.01 - 40.00 102 29,064,599.54 14.88 356 37.90 7.239 607 78.62
40.01 - 45.00 133 40,473,241.23 20.72 356 43.02 6.861 627 80.49
45.01 - 50.00 176 53,450,492.83 27.37 358 48.04 7.026 609 82.53
50.01 - 55.00 55 14,647,440.33 7.50 352 53.02 7.221 578 66.91
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TOTAL: 720 $ 195,295,749.99 100.00% 356 39.36 7.046 611 79.44
-----------------------------------------------------------------------------------------------------------------------------------
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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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
California 242 $ 96,146,471.65 49.23% 359 40.95 6.761 618 77.62
New York 54 22,990,416.71 11.77 355 41.38 7.025 630 82.93
Florida 95 15,703,915.04 8.04 354 37.73 7.242 593 80.64
Maryland 24 6,819,823.09 3.49 351 36.96 7.559 606 83.21
Illinois 13 4,288,548.86 2.20 359 43.80 7.348 629 83.40
Michigan 36 4,137,338.30 2.12 358 36.54 8.149 583 75.92
Pennsylvania 19 3,806,207.12 1.95 345 37.50 7.199 566 77.82
Arizona 38 3,725,726.61 1.91 344 34.80 6.914 618 82.48
Texas 21 3,713,858.69 1.90 347 29.94 7.211 616 81.32
Massachusetts 11 3,638,586.94 1.86 358 39.14 7.518 598 76.25
Connecticut 10 3,261,804.40 1.67 359 35.67 7.592 575 81.98
Nevada 12 2,817,700.52 1.44 359 29.95 6.644 610 74.99
New Jersey 6 2,578,053.89 1.32 358 36.96 7.747 615 83.85
Washington 9 2,263,096.66 1.16 359 38.30 7.338 636 86.56
Minnesota 9 1,956,663.07 1.00 359 41.60 7.509 592 88.75
Colorado 5 1,905,420.94 0.98 358 35.07 6.810 588 80.74
Ohio 20 1,742,637.10 0.89 358 38.15 7.731 583 79.00
Indiana 11 1,386,531.68 0.71 359 37.86 7.485 582 77.27
Utah 4 1,227,738.14 0.63 298 40.83 7.461 601 68.22
Georgia 4 1,220,431.50 0.62 359 33.26 8.035 575 88.99
Other 77 9,964,779.08 5.10 354 34.98 7.639 595 80.43
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TOTAL: 720 $ 195,295,749.99 100.00% 356 39.36 7.046 611 79.44
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OCCUPANCY STATUS
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
OCCUPATION STATUS* LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 683 $ 187,213,181.90 95.86% 356 39.65 7.038 610 79.38
Non-owner Occupied 29 5,830,522.11 2.99 356 28.91 7.584 617 79.87
Second Home 8 2,252,045.98 1.15 359 42.55 6.302 717 83.36
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TOTAL: 720 $ 195,295,749.99 100.00% 356 39.36 7.046 611 79.44
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*Based on mortgagor representation at origination.
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DOCUMENTATION TYPE
-----------------------------------------------------------------------------------------------------------------------------------
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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
Full Docs 475 $ 113,347,161.77 58.04% 356 39.36 6.890 606 77.04
Stated Docs 176 58,942,113.04 30.18 356 40.97 7.349 624 82.74
Limited Docs 69 23,006,475.18 11.78 358 35.24 7.034 608 82.81
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TOTAL: 720 $ 195,295,749.99 100.00% 356 39.36 7.046 611 79.44
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LOAN PURPOSE
-----------------------------------------------------------------------------------------------------------------------------------
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 ** 513 $ 129,068,111.56 66.09% 355 39.78 7.059 599 76.19
Purchase 177 59,576,018.50 30.51 358 38.53 7.022 636 86.87
Refi-No Cashout *** 30 6,651,619.93 3.41 352 38.61 7.002 638 76.03
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TOTAL: 720 $ 195,295,749.99 100.00% 356 39.36 7.046 611 79.44
-----------------------------------------------------------------------------------------------------------------------------------
** 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 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 (%)
-----------------------------------------------------------------------------------------------------------------------------------
1 451 $ 133,048,811.04 68.13% 356 39.09 6.717 629 81.36
2 59 17,016,619.88 8.71 356 39.57 6.977 589 79.39
3 42 10,316,387.30 5.28 357 39.84 6.982 594 80.16
4 61 12,692,455.15 6.50 354 38.58 7.432 571 76.58
5 38 8,314,742.36 4.26 356 43.06 7.944 561 67.90
6 39 6,984,998.73 3.58 358 37.75 10.533 537 63.66
A+ 7 2,232,781.24 1.14 354 40.13 6.753 635 82.29
A 5 1,751,163.46 0.90 359 42.48 7.620 570 80.40
A- 3 298,090.17 0.15 359 36.68 8.509 506 75.46
B 1 468,750.00 0.24 360 33.00 8.300 579 75.00
C 3 423,522.50 0.22 357 41.31 10.044 525 70.84
C- 11 1,747,428.16 0.89 359 46.99 10.626 525 67.90
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TOTAL: 720 $ 195,295,749.99 100.00% 356 39.36 7.046 611 79.44
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 603 $ 162,196,178.70 83.05% 356 39.53 7.065 610 79.02
PUD Detached 50 16,137,734.40 8.26 356 39.12 6.791 622 81.82
Condominium 28 8,274,243.65 4.24 358 36.80 7.046 616 81.30
2-4 UNITS 32 8,101,008.46 4.15 357 39.11 7.142 631 82.16
Manufactured/Mobile Housing 5 454,826.02 0.23 359 43.39 6.875 548 63.69
Single Family Attached 1 71,959.84 0.04 359 26.00 8.900 501 80.00
PUD-Attached 1 59,798.92 0.03 358 26.00 8.700 532 80.00
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TOTAL: 720 $ 195,295,749.99 100.00% 356 39.36 7.046 611 79.44
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES OLTV
ORIGINATION (MOS) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
0 149 $ 47,615,150.61 24.38% 357 39.49 7.265 619 81.85
12 29 9,976,653.51 5.11 349 38.78 7.545 595 78.01
24 270 72,209,356.53 36.97 358 39.77 7.209 592 80.20
36 272 65,494,589.34 33.54 355 38.89 6.630 630 77.07
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 720 $ 195,295,749.99 100.00% 356 39.36 7.046 611 79.44
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 369 $ 42,945,580.54 21.99% 351 37.01 7.749 581 75.90
Non-Conforming Balance 351 152,350,169.45 78.01 358 40.02 6.847 620 80.44
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TOTAL: 720 $195,295,749.99 100.00% 356 39.36 7.046 611 79.44
-----------------------------------------------------------------------------------------------------------------------------------
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MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
RANGE OF MAXIMUM NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
MORTGAGE RATES (%) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
11.500 - 11.999 63 $ 19,822,305.48 12.94% 359 37.56 5.798 621 76.16
12.000 - 12.499 91 29,076,925.60 18.97 358 38.45 6.253 618 81.29
12.500 - 12.999 105 35,674,295.80 23.28 358 41.06 6.779 616 83.19
13.000 - 13.499 76 20,852,648.42 13.61 358 39.51 7.221 605 83.18
13.500 - 13.999 84 20,651,771.09 13.48 358 38.40 7.741 591 85.37
14.000 - 14.499 37 9,403,980.20 6.14 358 39.12 8.233 563 83.02
14.500 - 14.999 25 5,878,711.99 3.84 359 37.48 8.696 570 84.91
15.000 - 15.499 18 3,600,068.45 2.35 359 41.48 9.191 543 80.48
15.500 - 15.999 4 980,767.34 0.64 359 36.91 9.715 539 67.63
16.000 - 16.499 7 1,227,999.21 0.80 358 47.36 10.359 523 69.74
16.500 - 16.999 16 2,543,599.63 1.66 359 36.82 10.767 534 66.31
17.000 - 17.499 14 2,331,189.01 1.52 359 37.20 11.205 525 67.32
17.500 - 17.999 5 507,099.29 0.33 357 32.81 11.701 540 55.15
18.000 - 18.499 5 690,318.78 0.45 359 43.57 12.206 517 62.09
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 550 $ 153,241,680.29 100.00% 358 39.17 7.183 601 81.29
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 63 $ 19,822,305.48 12.94% 359 37.56 5.798 621 76.16
6.000 - 6.499 91 29,076,925.60 18.97 358 38.45 6.253 618 81.29
6.500 - 6.999 105 35,674,295.80 23.28 358 41.06 6.779 616 83.19
7.000 - 7.499 76 20,852,648.42 13.61 358 39.51 7.221 605 83.18
7.500 - 7.999 84 20,651,771.09 13.48 358 38.40 7.741 591 85.37
8.000 - 8.499 37 9,403,980.20 6.14 358 39.12 8.233 563 83.02
8.500 - 8.999 25 5,878,711.99 3.84 359 37.48 8.696 570 84.91
9.000 - 9.499 18 3,600,068.45 2.35 359 41.48 9.191 543 80.48
9.500 - 9.999 4 980,767.34 0.64 359 36.91 9.715 539 67.63
10.000 - 10.499 7 1,227,999.21 0.80 358 47.36 10.359 523 69.74
10.500 - 10.999 16 2,543,599.63 1.66 359 36.82 10.767 534 66.31
11.000 - 11.499 14 2,331,189.01 1.52 359 37.20 11.205 525 67.32
11.500 - 11.999 5 507,099.29 0.33 357 32.81 11.701 540 55.15
12.000 - 12.499 5 690,318.78 0.45 359 43.57 12.206 517 62.09
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 550 $153,241,680.29 100.00% 358 39.17 7.183 601 81.29
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL
BALANCE OF BALANCE OF REMAINING
ADJUSTABLE RATE ADJUSTABLE RATE TERM TO DEBT-TO-
RANGE OF GROSS NUMBER OF LOANS AS OF THE LOANS AS OF THE MATURITY INCOME MORTGAGE
MARGINS (%) MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%
------------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 13 $ 3,532,195.87 2.30% 357 38.44 7.277 612 85.12
5.500 - 5.749 10 2,810,723.37 1.83 359 41.87 7.559 578 83.95
6.000 - 6.249 478 135,265,468.60 88.27 358 39.40 7.116 601 81.03
6.500 - 6.749 32 8,472,303.85 5.53 357 33.91 7.244 616 85.80
6.750 - 6.999 1 445,169.37 0.29 359 45.00 7.500 602 90.00
7.000 - 7.249 16 2,715,819.23 1.77 359 41.62 9.762 534 70.94
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 550 $ 153,241,680.29 100.00% 358 39.17 7.183 601 81.29
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 MORTGAGE LOANS CUT-OFF DATE ($) CUT-OFF DATE (MONTHS) (%) RATES (%) FICO OLTV (%
------------------------------------------------------------------------------------------------------------------------------------
2006-03 5 $ 1,460,560.66 0.95% 354 31.95 7.652 603 88.27
2006-04 11 3,445,034.14 2.25 355 39.44 7.342 591 86.06
2006-05 11 2,501,226.90 1.63 356 36.92 7.954 550 71.37
2006-06 35 9,647,086.29 6.30 357 39.63 7.165 610 85.17
2006-07 100 24,362,475.77 15.90 357 39.19 7.085 603 82.34
2006-08 208 59,527,330.07 38.85 359 39.67 7.161 593 79.83
2006-09 78 19,446,015.00 12.69 360 39.19 7.519 575 75.80
2007-03 2 457,041.47 0.30 354 8.78 7.078 622 81.26
2007-06 7 3,063,942.74 2.00 357 40.03 7.497 620 92.38
2007-07 17 5,635,611.04 3.68 358 41.95 7.332 635 92.54
2007-08 59 18,018,406.21 11.76 358 37.87 6.932 631 82.25
2007-09 17 5,676,950.00 3.70 360 39.14 6.648 624 83.79
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 550 $ 153,241,680.29 100.00% 358 39.17 7.183 601 81.29
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 (%
------------------------------------------------------------------------------------------------------------------------------------
2.000 550 $ 153,241,680.29 100.00% 358 39.17 7.183 601 81.29
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 550 $ 153,241,680.29 100.00% 358 39.17 7.183 601 81.29
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
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 (%
------------------------------------------------------------------------------------------------------------------------------------
1.000 550 $ 153,241,680.29 100.00% 358 39.17 7.183 601 81.29
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 550 $ 153,241,680.29 100.00% 358 39.17 7.183 601 81.29
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