-12-
EXHIBIT 99.1
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 April 30, 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 May
18, 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 May 1, 2004 (the "Pooling and
Servicing Agreement"), among the Depositor, the Master Servicer and the Trustee,
the Depositor caused the Mortgage Loans to be assigned to the Trustee for the
benefit of the certificateholders. The Pooling and Servicing Agreement provides
that each Mortgage Loan in the Mortgage Pool must conform to certain specified
characteristics and, following the conveyance of the Additional Mortgage Loans
and the Subsequent Mortgage Loans, the Mortgage Pool must conform to certain
specified characteristics. The Cut-off Date for both the Initial Mortgage Loans
and the Subsequent Mortgage Loans is May 1, 2004 (the "Cut-off Date").
The Initial Mortgage Loans included in loan group 1 and loan group 2 had
aggregate principal balance as of the Cut-off Date of $635,640,109.12. and
$164,360,065.11, respectively. The Subsequent Mortgage Loans had an aggregate
principal balance as of the Cut-off Date of $199,999,783.02.
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 92.76% and approximately 7.24% of the Mortgage Loans, by
aggregate scheduled principal balance as of the Cut-off Date, were originated by
the Seller's wholesale lending affiliates, Argent Mortgage Company, LLC
("Argent") and Olympus Mortgage Company ("Olympus" and together with Argent, the
"Originators"), respectively.
Each adjustable-rate Mortgage Loan will accrue interest at a Mortgage Rate
that is adjustable. The adjustable-rate Mortgage Loans will provide for
semi-annual adjustment to the Mortgage Rate thereon and for corresponding
adjustments to the monthly payment amount due thereon, in each case on each
adjustment date applicable thereto (each such date, an "Adjustment Date");
provided, that the first adjustment for 76.17% of the adjustable-rate Group I
Mortgage Loans and 74.33% of the adjustable-rate Group II Mortgage Loans will
occur after an initial period of two years after origination, and the first
adjustment for 23.83% of the adjustable-rate Group I Mortgage Loans and
approximately 25.67% 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
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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 79.55% of the Group I Mortgage Loans and approximately
79.37% 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
Group I Mortgage Loan Statistics
The Group I Mortgage Loans consist of 5,016 adjustable-rate and fixed-rate
Mortgage Loans having an aggregate principal balance as of the Cut-off Date of
approximately $794,550,863.87, after application of scheduled payments due on or
before the Cut-off Date whether or not received and application of all
unscheduled payments of principal received prior to the Cut-off Date, and
subject to a permitted variance of plus or minus 5%. None of the Group I
Mortgage Loans had a first Due Date prior to October 2003 or after June 2004, or
will have a remaining term to stated maturity of less than 175 months or greater
than 360 months as of the Cut-off Date. The latest maturity date of any Group I
Mortgage Loans is May 2034.
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Collateral Type
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2-yr Fixed / Adjustable-Rate 2,677 $424,311,698.57 53.40% 357 39.24 7.252 599 86.10
3-yr Fixed / Adjustable-Rate 775 132,743,075.27 16.71 358 38.50 7.107 610 85.75
Fixed Rate 1,564 237,496,090.03 29.89 346 38.01 6.706 630 82.27
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Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
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Principal Balances at Origination
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PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY DEBT-TO- COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (months)* INCOME (%) (%)* FICO (%)*
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 1,195 $ 95,613,792.00 12.01% 349 36.61 7.492 608 84.47
100,000.01 - 150,000.00 1,474 183,755,129.00 23.07 353 37.80 7.247 606 85.54
150,000.01 - 200,000.00 1,033 180,306,743.00 22.64 355 39.09 7.055 609 84.95
200,000.01 - 250,000.00 688 154,319,341.00 19.38 356 39.48 6.947 610 84.48
250,000.01 - 300,000.00 406 110,452,451.00 13.87 354 39.74 6.809 612 84.76
300,000.01 - 350,000.00 193 61,194,362.00 7.68 354 40.17 6.709 619 84.69
350,000.01 - 400,000.00 17 6,386,325.00 0.80 358 39.44 6.764 645 86.49
400,000.01 - 450,000.00 7 2,983,500.00 0.37 359 42.70 6.559 649 83.87
450,000.01 - 500,000.00 3 1,410,400.00 0.18 357 33.98 6.187 679 81.22
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Total: 5,016 $796,422,043.00 100.00% 354 38.75 7.064 610 84.89
-----------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
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Principal Balance as of the Cut-Off Date
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF PRINCIPAL BALANCES MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
AS OF THE CUT-OFF DATE ($) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 1,199 $ 95,792,641.21 12.06% 349 36.61 7.493 608 84.45
100,000.01 - 150,000.00 1,474 183,510,815.67 23.10 352 37.80 7.247 606 85.57
150,000.01 - 200,000.00 1,030 179,501,327.30 22.59 355 39.11 7.054 609 84.94
200,000.01 - 250,000.00 692 155,006,322.65 19.51 356 39.40 6.950 610 84.48
250,000.01 - 300,000.00 409 111,335,495.06 14.01 354 39.77 6.792 612 84.49
300,000.01 - 350,000.00 185 58,646,665.09 7.38 353 40.29 6.731 619 85.19
350,000.01 - 400,000.00 17 6,373,125.20 0.80 358 39.44 6.765 645 86.49
400,000.01 - 450,000.00 7 2,979,778.52 0.38 359 42.71 6.559 649 83.87
450,000.01 - 500,000.00 3 1,404,693.17 0.18 357 33.98 6.187 679 81.20
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Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
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Remaining Term to Maturity
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
121 - 180 95 $ 11,627,000.74 1.46% 177 36.60 6.771 624 77.07
181 - 240 52 7,183,206.91 0.90 238 39.03 6.616 626 82.40
301 - 360 4,869 775,740,656.22 97.63 357 38.78 7.073 610 85.03
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Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
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Mortgage Rate
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF CURRENT MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 110 $ 23,041,967.08 2.90% 353 38.86 5.350 651 77.61
5.500 - 5.999 434 84,422,168.35 10.63 351 38.88 5.785 644 80.20
6.000 - 6.499 628 106,788,239.45 13.44 352 38.92 6.245 630 83.08
6.500 - 6.999 1,056 179,254,573.78 22.56 353 38.50 6.739 619 85.99
7.000 - 7.499 913 138,535,898.88 17.44 355 38.77 7.233 605 86.68
7.500 - 7.999 914 134,326,714.90 16.91 355 38.92 7.722 590 86.58
8.000 - 8.499 566 76,259,242.34 9.60 356 38.00 8.223 586 86.45
8.500 - 8.999 301 39,836,567.93 5.01 356 39.54 8.685 568 85.61
9.000 - 9.499 55 6,920,781.51 0.87 357 40.64 9.175 566 82.24
9.500 - 9.999 30 3,969,591.45 0.50 354 41.39 9.696 549 79.05
10.000 - 10.499 6 818,761.62 0.10 358 30.61 10.218 549 67.37
10.500 - 10.999 2 304,800.00 0.04 269 31.27 10.551 569 82.62
11.500 - 11.999 1 71,556.58 0.01 358 21.00 11.950 506 55.08
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Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
-----------------------------------------------------------------------------------------------------------------------------------
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Original Loan-to-Value Ratios
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF ORIGINAL MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Less than 25.00 5 $ 314,423.80 0.04% 358 33.67 6.963 586 18.94
30.01 - 35.00 4 437,013.23 0.06 326 34.77 7.108 546 32.34
35.01 - 40.00 7 1,234,232.80 0.16 327 41.14 6.470 582 37.26
40.01 - 45.00 19 2,813,285.66 0.35 329 38.26 6.085 626 42.45
45.01 - 50.00 25 3,123,444.22 0.39 354 35.32 6.636 591 47.42
50.01 - 55.00 37 6,017,908.90 0.76 355 35.19 6.167 627 53.04
55.01 - 60.00 73 11,489,452.77 1.45 342 35.64 6.924 600 57.86
60.01 - 65.00 107 18,843,593.76 2.37 347 41.69 6.638 601 63.35
65.01 - 70.00 166 27,454,891.62 3.46 351 39.56 6.927 589 68.80
70.01 - 75.00 348 56,381,964.55 7.10 351 40.17 6.989 592 73.94
75.01 - 80.00 758 121,264,700.94 15.26 354 39.10 6.975 595 79.42
80.01 - 85.00 723 116,357,113.24 14.64 354 39.35 7.019 596 84.41
85.01 - 90.00 1,569 236,852,445.46 29.81 355 37.70 7.176 611 89.70
90.01 - 95.00 1,175 191,966,392.92 24.16 355 39.00 7.158 637 94.73
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Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
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FICO Score at Origination
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
500 - 519 218 $ 33,891,585.93 4.27% 356 41.67 7.936 510 75.91
520 - 539 316 48,767,343.26 6.14 355 40.83 7.611 531 79.10
540 - 559 539 83,242,977.52 10.48 356 40.75 7.498 552 82.80
560 - 579 458 69,827,121.03 8.79 354 39.85 7.411 569 83.48
580 - 599 655 101,730,024.35 12.80 354 38.89 7.213 588 85.53
600 - 619 793 126,444,576.99 15.91 354 38.34 6.941 609 87.12
620 - 639 694 110,414,762.37 13.90 353 38.52 6.818 629 86.36
640 - 659 466 77,989,249.58 9.82 352 37.71 6.765 650 87.10
660 - 679 320 51,503,408.34 6.48 354 37.96 6.741 668 87.21
680 - 699 220 36,632,648.28 4.61 353 36.11 6.541 689 85.85
700 - 719 151 24,977,113.95 3.14 351 36.07 6.522 708 85.38
720 - 739 90 13,875,883.31 1.75 352 36.90 6.580 730 86.21
740 - 759 40 6,118,285.07 0.77 358 33.61 6.568 747 85.75
760 - 779 39 6,564,789.67 0.83 357 34.50 6.293 768 83.86
780 - 799 15 2,350,572.54 0.30 353 34.31 6.733 787 83.06
800 - 819 2 220,521.68 0.03 285 42.04 6.463 802 90.54
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Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
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Debt-to-Income Ratio
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RATIOS (%) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Less than or equal to 20.00 283 $ 39,840,514.66 5.01% 353 15.01 7.167 630 84.67
20.01 - 25.00 315 45,423,042.85 5.72 352 23.19 6.998 620 82.98
25.01 - 30.00 465 68,367,431.86 8.60 352 28.09 7.024 619 84.95
30.01 - 35.00 705 107,440,673.96 13.52 353 33.23 7.071 618 85.14
35.01 - 40.00 813 128,708,095.88 16.20 355 38.05 7.100 611 85.99
40.01 - 45.00 1,020 169,875,884.35 21.38 355 43.07 7.027 609 85.20
45.01 - 50.00 1,287 213,506,168.51 26.87 354 48.17 7.080 601 85.93
50.01 - 55.00 128 21,389,051.80 2.69 351 53.32 7.054 578 68.58
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Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
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Geographic Distribution
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
STATE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
California 1,039 $212,085,688.25 26.69% 353 40.15 6.745 611 80.83
Florida 565 81,296,048.10 10.23 353 38.25 7.081 614 86.54
Illinois 390 66,650,592.70 8.39 357 39.52 7.398 620 87.19
New York 182 40,459,582.82 5.09 352 38.07 6.894 610 81.23
Arizona 303 36,062,198.14 4.54 350 37.56 7.013 622 88.51
Ohio 290 28,621,877.51 3.60 354 38.41 7.335 598 88.60
Michigan 242 28,461,886.69 3.58 355 39.10 7.545 597 86.06
Colorado 148 25,938,526.68 3.26 356 38.15 6.742 619 87.02
Texas 195 23,202,247.14 2.92 348 36.78 7.351 606 86.20
Minnesota 134 23,080,206.90 2.90 356 38.39 7.074 606 86.76
Maryland 105 18,948,287.47 2.38 357 38.46 7.192 597 86.03
Nevada 114 18,854,806.59 2.37 356 38.89 7.316 609 87.95
Washington 101 18,550,925.01 2.33 352 40.37 7.152 608 86.04
Connecticut 103 17,901,188.35 2.25 356 37.58 7.206 605 82.73
Massachusetts 72 15,487,976.13 1.95 355 39.50 6.773 619 81.95
Pennsylvania 90 13,194,224.35 1.66 344 36.93 7.287 602 86.84
Missouri 111 12,126,204.36 1.53 357 37.85 7.585 586 86.50
Georgia 71 11,481,808.35 1.45 356 35.88 7.224 610 89.72
Utah 67 10,287,665.40 1.29 358 40.17 7.279 616 89.56
Tennessee 85 10,145,168.10 1.28 353 36.03 7.394 599 88.56
Other: 609 81,713,754.83 10.28 354 37.47 7.186 609 86.40
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Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
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Occupancy Status
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
OCCUPATION STATUS* LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 4,360 $709,994,525.67 89.36% 353 39.40 7.026 606 84.90
Non-owner Occupied 624 79,213,463.06 9.97 356 33.23 7.426 648 84.99
Second Home 32 5,342,875.14 0.67 358 34.37 6.827 626 82.10
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Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
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* Based on mortgagor representation at origination.
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Documentation Type
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Full Documentation 3,573 $549,166,187.06 69.12% 353 39.47 6.941 603 84.39
Stated Documentation 1,121 192,861,935.94 24.27 355 37.32 7.370 633 86.19
Limited Documentation 322 52,522,740.87 6.61 355 36.51 7.237 602 85.44
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Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
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Loan Purpose
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
PURPOSE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Refinance-Debt 3,234 $529,530,083.08 66.65% 353 39.18 6.988 601 83.14
Consolidation Cash Out**
Purchase 1,264 188,588,597.70 23.74 357 37.76 7.339 631 89.79
Refinance-Debt
Consolidation No Cash Out*** 518 76,432,183.09 9.62 351 38.17 6.924 619 84.96
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Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
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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 $2,000 of the original principal balance of the related
loan. Excludes home equity loans originated in Texas with any cash
proceeds.
-20-
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Credit Grade
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RISK CATEGORY LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
I 3,231 $510,356,130.56 64.23% 353 38.29 6.880 623 86.42
II 400 62,811,958.97 7.91 356 38.85 7.296 589 86.32
III 527 80,918,510.22 10.18 353 39.07 7.211 586 83.46
IV 400 58,709,447.54 7.39 354 39.66 7.585 578 80.28
V 135 21,176,162.83 2.67 350 41.50 7.740 563 72.15
VI 22 3,823,970.92 0.48 358 38.03 8.180 563 66.46
A 214 40,920,836.46 5.15 356 40.30 7.108 619 83.32
A- 26 4,759,000.71 0.60 353 40.37 7.892 557 82.67
B 27 4,970,028.83 0.63 357 39.15 7.915 568 77.39
C 10 1,578,564.22 0.20 357 39.49 9.326 544 70.70
C- 24 4,526,252.61 0.57 358 43.42 8.294 557 83.07
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Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
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* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company,
LLC.
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Property Type
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
PROPERTY TYPE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 3,777 $594,983,403.92 74.88% 354 38.71 7.047 607 84.86
PUD Detached 411 72,298,641.95 9.10 356 39.22 7.045 607 86.72
Two-to Four-Family 407 69,446,052.00 8.74 353 37.93 7.159 634 83.13
Condominium 273 40,341,642.39 5.08 354 39.90 7.203 625 87.12
Manufactured Housing 118 12,940,969.80 1.63 355 39.06 7.123 616 77.87
PUD Attached 24 3,620,168.08 0.46 355 36.20 6.811 606 86.41
Single Family Attached 6 919,985.73 0.12 358 42.54 7.198 624 92.95
-----------------------------------------------------------------------------------------------------------------------------------
Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Prepayment Charge Term
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
PREPAYMENT CHARGE TERM MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
AT ORIGINATION (MOS.) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
0 1,019 $162,454,174.90 20.45% 356 38.70 7.311 609 85.88
12 251 48,589,163.65 6.12 352 38.69 7.001 614 82.87
24 1,741 276,060,035.20 34.74 357 39.17 7.244 602 86.15
36 2,005 307,447,490.12 38.69 350 38.41 6.784 617 83.57
-----------------------------------------------------------------------------------------------------------------------------------
Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
-----------------------------------------------------------------------------------------------------------------------------------
-21-
-----------------------------------------------------------------------------------------------------------------------------------
Conforming Balance
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Conforming 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
-----------------------------------------------------------------------------------------------------------------------------------
Total: 5,016 $794,550,863.87 100.00% 354 38.75 7.065 610 84.89
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rates of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
RANGE OF MAXIMUM MORTGAGE MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
RATES (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 58 $ 11,396,817.48 2.05% 356 40.03 5.348 627 79.97
11.500 - 11.999 191 38,242,277.01 6.87 358 39.12 5.786 628 82.87
12.000 - 12.499 348 60,789,069.74 10.91 357 39.28 6.259 626 85.31
12.500 - 12.999 701 123,235,665.85 22.12 357 38.73 6.745 614 86.72
13.000 - 13.499 688 108,280,282.19 19.44 357 39.08 7.234 602 86.96
13.500 - 13.999 688 106,908,390.92 19.19 357 39.11 7.728 588 86.80
14.000 - 14.499 466 64,959,125.96 11.66 358 38.45 8.228 584 86.52
14.500 - 14.999 246 33,950,454.71 6.09 358 40.00 8.685 564 85.38
15.000 - 15.499 36 4,941,505.60 0.89 357 41.44 9.186 564 83.32
15.500 - 15.999 25 3,594,839.99 0.65 358 41.84 9.683 547 78.81
16.000 - 16.499 5 756,344.39 0.14 358 30.74 10.232 543 67.51
-----------------------------------------------------------------------------------------------------------------------------------
Total: 3,452 $557,054,773.84 100.00% 357 39.06 7.218 602 86.01
-----------------------------------------------------------------------------------------------------------------------------------
-22-
------------------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rates of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
RANGE OF MINIMUM MORTGAGE MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
RATES (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 58 $ 11,396,817.48 2.05% 356 40.03 5.348 627 79.97
5.500 - 5.999 191 38,242,277.01 6.87 358 39.12 5.786 628 82.87
6.000 - 6.499 348 60,789,069.74 10.91 357 39.28 6.259 626 85.31
6.500 - 6.999 701 123,235,665.85 22.12 357 38.73 6.745 614 86.72
7.000 - 7.499 688 108,280,282.19 19.44 357 39.08 7.234 602 86.96
7.500 - 7.999 688 106,908,390.92 19.19 357 39.11 7.728 588 86.80
8.000 - 8.499 466 64,959,125.96 11.66 358 38.45 8.228 584 86.52
8.500 - 8.999 246 33,950,454.71 6.09 358 40.00 8.685 564 85.38
9.000 - 9.499 36 4,941,505.60 0.89 357 41.44 9.186 564 83.32
9.500 - 9.999 25 3,594,839.99 0.65 358 41.84 9.683 547 78.81
10.000 - 10.499 5 756,344.39 0.14 358 30.74 10.232 543 67.51
------------------------------------------------------------------------------------------------------------------------------------
Total: 3,452 $557,054,773.84 100.00% 357 39.06 7.218 602 86.01
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Gross Margins of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
RANGE OF GROSS MARGINS (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 1,714 $259,593,758.49 46.60% 357 38.68 7.269 602 86.85
4.750 - 4.999 1 299,142.58 0.05 357 47.00 6.250 551 76.92
5.000 - 5.249 1 107,707.04 0.02 357 49.00 7.650 564 83.04
5.500 - 5.749 223 43,161,990.85 7.75 357 40.51 7.315 610 84.11
5.750 - 5.999 2 211,321.24 0.04 357 48.53 7.129 568 87.07
6.000 - 6.249 136 19,971,363.82 3.59 360 37.87 7.542 620 88.22
6.250 - 6.499 12 1,716,323.58 0.31 358 38.37 7.728 587 88.45
6.500 - 6.749 1,342 228,821,138.61 41.08 357 39.30 7.087 599 85.38
6.750 - 6.999 2 339,287.52 0.06 357 46.11 6.721 633 95.00
7.000 - 7.249 19 2,832,740.11 0.51 357 39.20 9.174 552 72.47
-----------------------------------------------------------------------------------------------------------------------------------
Total: 3,452 $557,054,773.84 100.00% 357 39.06 7.218 602 86.01
-----------------------------------------------------------------------------------------------------------------------------------
-23-
-----------------------------------------------------------------------------------------------------------------------------------
Next Adjustment Date of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
NEXT ADJUSTMENT DATE LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
October 2005 12 $ 2,373,018.16 0.43% 353 41.56 7.283 584 80.86
November 2005 23 3,901,155.43 0.70 354 40.75 7.303 597 85.03
December 2005 104 15,210,609.67 2.73 354 39.93 7.481 606 86.87
January 2006 246 39,160,753.81 7.03 355 38.47 7.251 607 85.70
February 2006 896 142,592,820.03 25.60 357 40.13 7.202 599 86.02
March 2006 1,164 188,496,085.98 33.84 358 38.89 7.222 598 86.15
April 2006 43 5,128,307.49 0.92 359 37.25 7.254 583 85.66
May 2006 189 27,448,948.00 4.93 360 37.71 7.590 598 86.95
October 2006 2 369,893.82 0.07 353 32.13 7.168 665 77.54
November 2006 4 870,321.13 0.16 354 42.54 7.402 600 75.15
December 2006 6 1,075,164.34 0.19 355 35.74 7.549 609 90.53
January 2007 40 7,348,279.53 1.32 356 38.92 7.025 607 86.57
February 2007 275 48,080,787.44 8.63 357 39.06 7.056 608 85.80
March 2007 361 62,931,081.47 11.3 358 37.77 7.131 608 85.20
April 2007 14 1,958,885.54 0.35 359 41.75 6.534 617 86.09
May 2007 73 10,108,662.00 1.81 360 39.59 7.302 633 88.94
------------------------------------------------------------------------------------------------------------------------------------
Total: 3,452 $557,054,773.84 100.00% 357 39.06 7.218 602 86.01
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Cap of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
PERIODIC MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
CAP (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
2.000 3,452 $557,054,773.84 100.00% 357 39.06 7.218 602 86.01
------------------------------------------------------------------------------------------------------------------------------------
Total: 3,452 $557,054,773.84 100.00% 357 39.06 7.218 602 86.01
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Periodic Cap of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
INITIAL PERIODIC MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
CAP (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
1.000 3,452 $557,054,773.84 100.00% 357 39.06 7.218 602 86.01
------------------------------------------------------------------------------------------------------------------------------------
Total: 3,452 $557,054,773.84 100.00% 357 39.06 7.218 602 86.01
------------------------------------------------------------------------------------------------------------------------------------
Group II Mortgage Loan Statistics
The Group II Mortgage Loans consist of 683 adjustable-rate and fixed-rate
Mortgage Loans having an aggregate principal balance as of the Cut-off Date of
approximately $205,449,093.38, after application of scheduled payments due on or
before the Cut-off Date whether or not received and application of all
unscheduled payments of principal received prior to the Cut-off Date, and
subject to a permitted variance of plus or minus 5%. None of the Group II
Mortgage Loans had a first Due Date prior to November 2003 or after June 2004,
or will have a remaining term to stated maturity of less than 177 months or
greater than 360 months as of the Cut-off Date. The latest maturity date of any
Group II Mortgage Loans is May 2034.
-24-
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Collateral Type
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
2-yr Fixed / Adjustable-Rate 389 $105,251,971.48 51.23% 357 41.46 7.547 594 85.12
3-yr Fixed / Adjustable-Rate 114 36,343,010.36 17.69 358 40.32 7.027 615 83.44
Fixed Rate 180 63,854,111.54 31.08 352 38.22 5.975 668 78.38
-----------------------------------------------------------------------------------------------------------------------------------
Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Principal Balances at Origination
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY DEBT-TO- COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (months)* INCOME (%) (%)* FICO (%)*
-----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 110 $ 8,588,516.00 4.17% 351 37.68 8.820 568 79.69
100,000.01 - 150,000.00 75 9,256,625.00 4.50 358 39.18 9.166 560 77.68
150,000.01 - 200,000.00 31 5,272,718.00 2.56 358 40.52 9.090 556 76.22
200,000.01 - 250,000.00 18 4,045,460.00 1.96 357 46.41 9.228 566 77.61
250,000.01 - 300,000.00 10 2,781,500.00 1.35 357 41.79 7.784 571 81.73
300,000.01 - 350,000.00 89 30,301,239.00 14.72 358 40.78 6.683 627 84.47
350,000.01 - 400,000.00 181 67,966,830.00 33.01 354 40.76 6.665 631 84.20
400,000.01 - 450,000.00 79 33,562,185.00 16.30 358 40.92 6.688 625 84.31
450,000.01 - 500,000.00 83 40,171,244.00 19.51 355 38.84 6.484 633 80.99
500,000.01 - 550,000.00 5 2,687,500.00 1.31 358 32.94 6.720 666 85.39
550,000.01 - 600,000.00 1 600,000.00 0.29 356 44.00 6.190 604 68.57
650,000.01 - 700,000.00 1 660,000.00 0.32 356 45.00 6.750 636 75.00
-----------------------------------------------------------------------------------------------------------------------------------
Total: 683 $205,893,817.00 100.00% 356 40.25 6.966 621 82.73
-----------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
-25-
----------------------------------------------------------------------------------------------------------------------------------
Principal Balances as of the Cut-Off Date
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF PRINCIPAL BALANCES MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
AS OF THE CUT-OFF DATE ($) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 110 $ 8,577,115.26 4.17% 351 37.68 8.820 568 79.69
100,000.01 - 150,000.00 76 9,393,632.83 4.57 358 38.96 9.118 562 77.78
150,000.01 - 200,000.00 30 5,116,893.87 2.49 358 40.97 9.176 552 75.99
200,000.01 - 250,000.00 18 4,038,995.65 1.97 357 46.41 9.229 566 77.61
250,000.01 - 300,000.00 10 2,775,700.79 1.35 357 41.79 7.785 571 81.73
300,000.01 - 350,000.00 92 31,285,939.81 15.23 358 40.93 6.698 625 84.66
350,000.01 - 400,000.00 178 66,755,009.80 32.49 354 40.68 6.659 632 84.11
400,000.01 - 450,000.00 80 33,941,977.39 16.52 358 41.00 6.669 625 84.32
450,000.01 - 500,000.00 82 39,626,578.62 19.29 355 38.74 6.498 633 80.95
500,000.01 - 550,000.00 5 2,681,863.22 1.31 358 32.94 6.721 666 85.39
550,000.01 - 600,000.00 1 597,678.39 0.29 356 44.00 6.190 604 68.57
650,000.01 - 700,000.00 1 657,707.75 0.32 356 45.00 6.750 636 75.00
----------------------------------------------------------------------------------------------------------------------------------
Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Remaining Term to Maturity
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
120 - 180 7 $ 1,801,449.77 0.88% 178 38.40 6.449 652 84.51
180 - 240 3 499,445.15 0.24 237 35.79 5.997 660 87.71
300 - 360 673 203,148,198.46 98.88 358 40.28 6.973 620 82.70
----------------------------------------------------------------------------------------------------------------------------------
Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
----------------------------------------------------------------------------------------------------------------------------------
-26-
----------------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF CURRENT MORTGAGE MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RATES (%) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 48 $ 18,925,192.72 9.21% 358 36.84 5.318 702 73.86
5.500 - 5.999 115 44,211,573.09 21.52 355 40.29 5.724 661 80.68
6.000 - 6.499 77 29,943,761.53 14.57 352 41.77 6.249 623 83.71
6.500 - 6.999 83 31,308,779.69 15.24 356 39.67 6.730 620 87.39
7.000 - 7.499 52 18,423,591.52 8.97 357 40.05 7.239 607 85.53
7.500 - 7.999 63 19,462,577.21 9.47 356 40.36 7.708 596 89.55
8.000 - 8.499 39 9,830,972.26 4.79 358 41.41 8.240 571 84.66
8.500 - 8.999 52 10,835,772.42 5.27 358 40.33 8.762 564 82.64
9.000 - 9.499 72 10,300,115.40 5.01 357 40.82 9.149 565 84.06
9.500 - 9.999 40 5,931,524.93 2.89 358 40.79 9.694 545 74.40
10.000 - 10.499 12 1,559,777.12 0.76 357 35.20 10.252 537 75.07
10.500 - 10.999 14 2,172,143.57 1.06 357 45.14 10.707 527 68.32
11.000 - 11.499 6 1,027,717.79 0.50 356 42.12 11.158 534 66.84
11.500 - 11.999 9 1,452,629.97 0.71 357 48.97 11.793 529 66.68
12.000 - 12.499 1 62,964.16 0.03 358 21.00 12.050 538 60.00
----------------------------------------------------------------------------------------------------------------------------------
Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Original Loan-to-Value Ratios
----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF ORIGINAL MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
----------------------------------------------------------------------------------------------------------------------------------
35.01 - 40.00 3 $ 709,072.22 0.35% 357 31.97 9.568 534 37.38
45.01 - 50.00 6 1,162,636.61 0.57 349 38.98 5.958 677 47.03
50.01 - 55.00 11 3,758,867.58 1.83 358 29.03 5.902 726 53.15
55.01 - 60.00 24 6,277,136.79 3.06 355 42.17 7.054 644 58.64
60.01 - 65.00 32 8,487,277.10 4.13 357 36.47 6.992 621 63.84
65.01 - 70.00 41 10,668,866.34 5.19 357 43.06 7.207 621 68.87
70.01 - 75.00 74 20,108,035.40 9.79 358 41.47 7.468 580 74.08
75.01 - 80.00 100 29,579,987.60 14.40 355 39.30 6.603 609 79.23
80.01 - 85.00 91 26,609,774.75 12.95 354 41.18 6.904 608 84.25
85.01 - 90.00 185 54,982,929.79 26.76 355 40.18 7.065 621 89.37
90.01 - 95.00 116 43,104,509.20 20.98 356 40.78 6.894 640 94.69
----------------------------------------------------------------------------------------------------------------------------------
Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
----------------------------------------------------------------------------------------------------------------------------------
-27-
-----------------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
500 - 519 58 $ 11,092,352.12 5.40% 358 43.97 9.028 509 72.92
520 - 539 63 12,644,442.31 6.15 356 43.27 8.607 529 74.76
540 - 559 72 15,970,258.42 7.77 358 42.46 8.202 553 82.91
560 - 579 77 20,809,968.21 10.13 358 41.74 7.545 569 83.05
580 - 599 60 17,187,463.67 8.37 358 42.09 7.065 587 83.07
600 - 619 71 25,037,625.96 12.19 357 41.39 6.825 609 87.67
620 - 639 88 30,692,806.10 14.94 354 40.10 6.577 630 85.72
640 - 659 60 20,804,707.71 10.13 357 37.90 6.566 650 87.50
660 - 679 37 14,101,236.93 6.86 345 37.99 6.215 669 85.72
680 - 699 34 13,238,638.77 6.44 353 37.02 6.035 691 85.42
700 - 719 20 7,497,864.97 3.65 358 35.29 5.724 709 80.15
720 - 739 14 5,128,187.20 2.50 358 43.63 5.773 726 75.45
740 - 759 11 4,399,646.67 2.14 358 38.00 5.744 748 69.78
760 - 779 7 2,436,875.27 1.19 357 39.75 5.494 767 70.45
780 - 799 9 3,716,932.12 1.81 358 29.51 5.633 788 72.20
800 - 819 2 690,086.95 0.34 357 30.92 5.546 807 59.02
-----------------------------------------------------------------------------------------------------------------------------------
Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Debt-to-Income Ratio
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RATIOS (%) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Less than or equal to 20.00 39 $ 12,100,810.57 5.89% 352 15.70 6.708 660 79.76
20.01 - 25.00 28 8,165,034.46 3.97 358 22.85 6.621 648 76.57
25.01 - 30.00 58 13,869,175.26 6.75 357 28.48 7.072 635 80.75
30.01 - 35.00 66 18,645,343.06 9.08 354 33.12 7.067 627 81.12
35.01 - 40.00 102 29,746,222.33 14.48 357 38.18 7.038 624 84.15
40.01 - 45.00 150 47,866,159.54 23.30 358 43.13 6.720 622 84.34
45.01 - 50.00 194 62,475,157.78 30.41 354 48.21 7.028 605 85.46
50.01 - 55.00 46 12,581,190.38 6.12 357 53.14 7.637 602 71.07
-----------------------------------------------------------------------------------------------------------------------------------
Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
-----------------------------------------------------------------------------------------------------------------------------------
-28-
-----------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
STATE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
California 308 $114,647,919.87 55.80% 355 40.88 6.444 634 81.79
New York 44 17,222,513.69 8.38 358 41.86 6.904 624 83.99
Illinois 54 14,293,642.83 6.96 358 37.65 7.694 616 85.53
Florida 35 8,824,554.47 4.30 358 37.31 8.139 586 85.13
Massachusetts 17 5,402,332.37 2.63 358 41.60 7.667 595 80.67
Maryland 17 5,371,137.52 2.61 358 42.68 7.155 594 86.34
Connecticut 18 4,586,797.34 2.23 358 44.30 7.716 577 84.93
Texas 16 3,746,074.26 1.82 358 38.60 7.065 588 75.90
Michigan 25 3,745,611.71 1.82 358 40.22 8.966 566 80.74
Colorado 11 3,606,548.52 1.76 357 37.49 6.548 639 84.22
Minnesota 17 3,386,063.65 1.65 357 40.96 8.252 605 76.43
Oregon 8 2,181,577.38 1.06 358 34.19 7.100 649 81.81
Missouri 13 1,828,775.32 0.89 351 37.46 8.644 587 85.70
Arizona 10 1,786,744.12 0.87 299 35.65 7.414 607 86.53
Washington 7 1,627,403.08 0.79 357 36.34 6.707 604 85.56
New Jersey 4 1,614,309.59 0.79 356 35.34 6.586 643 89.03
Georgia 7 1,544,778.73 0.75 359 41.33 9.194 567 86.46
Pennsylvania 9 1,486,942.10 0.72 357 39.53 8.142 608 82.54
Nevada 7 1,484,285.75 0.72 358 39.72 7.814 605 89.01
Indiana 8 1,126,616.06 0.55 358 44.52 7.653 595 84.52
Other 48 5,934,465.02 2.89 356 35.95 8.798 570 84.83
-----------------------------------------------------------------------------------------------------------------------------------
Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
-----------------------------------------------------------------------------------------------------------------------------------
-29-
-----------------------------------------------------------------------------------------------------------------------------------
Occupancy Status
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
OCCUPATION STATUS* LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 631 $194,788,343.90 94.81% 356 40.61 6.905 620 82.71
Non-Owner Occupied 50 9,871,317.62 4.80 358 33.70 8.211 622 82.67
Second Home 2 789,431.86 0.38 357 34.28 6.439 676 87.10
-----------------------------------------------------------------------------------------------------------------------------------
Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
-----------------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
-----------------------------------------------------------------------------------------------------------------------------------
Documentation Type
-----------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
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Full Documentation 442 $128,252,244.27 62.43% 355 40.75 6.773 623 81.06
Stated Documentation 190 61,738,267.10 30.05 357 39.90 7.372 618 85.77
Limited Documentation 51 15,458,582.01 7.52 357 37.53 6.952 607 84.41
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Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
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Loan Purpose
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
PURPOSE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
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Refinance-Debt 485 $145,488,780.32 70.82% 355 40.85 6.949 613 81.61
Consolidation Cash Out**
Purchase 127 39,229,074.04 19.09 358 38.82 7.082 635 88.34
Refinance-Debt
Consolidation No Cash Out*** 71 20,731,239.02 10.09 356 38.75 6.873 644 79.92
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Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
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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 $2,000 of the original principal balance of the related
loan. Excludes home equity loans originated in Texas with any cash
proceeds.
-30-
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Credit Grade
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RISK CATEGORY LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
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I 366 $129,740,137.86 63.15% 355 39.57 6.344 646 83.58
II 52 14,764,762.24 7.19 357 43.74 7.262 590 85.06
III 53 13,408,808.79 6.53 357 39.76 7.577 577 82.59
IV 82 17,576,695.06 8.56 358 41.44 8.263 572 84.18
V 42 8,191,366.63 3.99 356 39.89 8.608 547 71.08
VI 35 6,102,120.37 2.97 357 44.18 10.54 539 63.73
A 31 9,660,329.48 4.70 358 39.68 6.873 621 87.22
A- 1 153,000.00 0.07 360 45.00 9.750 581 80.53
B 7 1,814,679.57 0.88 358 41.65 8.948 531 75.50
C 2 479,259.79 0.23 358 42.5 8.059 520 75.64
C- 12 3,557,933.59 1.73 357 40.96 8.788 584 87.30
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Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
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* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company,
LLC.
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Property Type
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
PROPERTY TYPE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
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Single Family Detached 540 $165,011,525.71 80.32% 355 40.27 6.904 623 82.22
PUD Detached 61 22,070,790.47 10.74 358 41.34 6.809 610 84.52
Two-to Four-Family 40 9,643,487.12 4.69 358 40.21 7.755 611 82.64
Condominium 35 8,052,233.27 3.92 358 36.72 7.589 621 88.96
PUD Attached 3 341,859.64 0.17 359 34.32 8.002 561 78.55
Manufactured Housing 4 329,197.17 0.16 359 49.61 9.509 529 68.24
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Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
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Prepayment Charge Term
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
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0 146 $ 42,381,297.78 20.63% 358 39.79 7.329 614 84.95
12 35 11,073,376.37 5.39 358 41.92 7.792 613 86.06
24 250 69,697,684.58 33.92 357 41.45 7.421 593 85.21
36 252 82,296,734.65 40.06 353 39.25 6.283 649 79.03
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Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
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Conforming Balance
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PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
CONFORMING BALANCE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
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Conforming 249 $ 31,489,459.89 15.33% 356 40.28 8.926 566 78.46
Non-Conforming 434 173,959,633.49 84.67 356 40.25 6.612 630 83.50
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Total: 683 $205,449,093.38 100.00% 356 40.25 6.966 621 82.73
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Maximum Mortgage Rates of the Adjustable-Rate Loans
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% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
RANGE OF MAXIMUM MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
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11.000 - 11.499 6 $ 2,594,713.71 1.83% 358 36.71 5.325 633 82.97
11.500 - 11.999 52 20,917,424.94 14.77 358 43.38 5.763 636 85.64
12.000 - 12.499 50 20,272,629.91 14.32 357 41.75 6.256 617 84.82
12.500 - 12.999 56 21,883,303.45 15.45 358 39.99 6.745 622 87.90
13.000 - 13.499 43 15,958,054.31 11.27 358 40.61 7.240 608 85.43
13.500 - 13.999 55 17,631,348.91 12.45 356 40.25 7.707 594 89.85
14.000 - 14.499 35 8,994,861.25 6.35 358 42.16 8.251 570 84.11
14.500 - 14.999 52 10,835,772.42 7.65 358 40.33 8.762 564 82.64
15.000 - 15.499 72 10,300,115.40 7.27 357 40.82 9.149 565 84.06
15.500 - 15.999 40 5,931,524.93 4.19 358 40.79 9.694 545 74.40
16.000 - 16.499 12 1,559,777.12 1.10 357 35.20 10.252 537 75.07
16.500 - 16.999 14 2,172,143.57 1.53 357 45.14 10.707 527 68.32
17.000 - 17.499 6 1,027,717.79 0.73 356 42.12 11.158 534 66.84
17.500 - 17.999 9 1,452,629.97 1.03 357 48.97 11.793 529 66.68
18.000 - 18.499 1 62,964.16 0.04 358 21.00 12.050 538 60.00
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Total: 503 $141,594,981.84 100.00% 357 41.17 7.414 599 84.69
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-32-
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Minimum Mortgage Rates of the Adjustable-Rate Loans
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% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
RANGE OF MINIMUM MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
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5.000 - 5.499 6 $ 2,594,713.71 1.83% 358 36.71 5.325 633 82.97
5.500 - 5.999 52 20,917,424.94 14.77 358 43.38 5.763 636 85.64
6.000 - 6.499 50 20,272,629.91 14.32 357 41.75 6.256 617 84.82
6.500 - 6.999 56 21,883,303.45 15.45 358 39.99 6.745 622 87.90
7.000 - 7.499 43 15,958,054.31 11.27 358 40.61 7.240 608 85.43
7.500 - 7.999 55 17,631,348.91 12.45 356 40.25 7.707 594 89.85
8.000 - 8.499 35 8,994,861.25 6.35 358 42.16 8.251 570 84.11
8.500 - 8.999 52 10,835,772.42 7.65 358 40.33 8.762 564 82.64
9.000 - 9.499 72 10,300,115.40 7.27 357 40.82 9.149 565 84.06
9.500 - 9.999 40 5,931,524.93 4.19 358 40.79 9.694 545 74.40
10.000 - 10.499 12 1,559,777.12 1.10 357 35.20 10.252 537 75.07
10.500 - 10.999 14 2,172,143.57 1.53 357 45.14 10.707 527 68.32
11.000 - 11.499 6 1,027,717.79 0.73 356 42.12 11.158 534 66.84
11.500 - 11.999 9 1,452,629.97 1.03 357 48.97 11.793 529 66.68
12.000 - 12.499 1 62,964.16 0.04 358 21.00 12.050 538 60.00
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Total: 503 $141,594,981.84 100.00% 357 41.17 7.414 599 84.69
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Gross Margins of the Adjustable-Rate Loans
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% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
RANGE OF GROSS MARGINS (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
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4.500 - 4.749 215 $ 52,308,198.57 36.94% 358 39.64 7.708 605 84.73
5.500 - 5.749 28 8,881,522.43 6.27 357 39.25 7.224 612 89.42
6.000 - 6.249 47 11,850,649.59 8.37 358 42.34 7.970 577 82.65
6.500 - 6.749 206 67,443,468.95 47.63 357 42.31 7.062 599 84.61
7.000 - 7.249 7 1,111,142.30 0.78 357 46.30 10.462 530 71.47
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Total: 503 $141,594,981.84 100.00% 357 41.17 7.414 599 84.69
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-33-
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Next Adjustment Date of the Adjustable-Rate Loans
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% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
NEXT ADJUSTMENT DATE LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
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October 2005 6 $ 1,417,705.27 1.00% 353 42.49 8.722 560 75.36
November 2005 5 765,931.45 0.54 354 45.20 8.733 589 90.76
December 2005 17 2,809,930.95 1.98 355 43.92 8.779 562 83.66
January 2006 26 7,470,025.05 5.28 356 42.02 7.407 600 82.27
February 2006 116 32,589,233.82 23.02 357 41.69 7.521 603 86.69
March 2006 159 46,160,873.71 32.60 358 40.95 7.308 596 85.37
April 2006 6 778,387.23 0.55 359 40.62 7.740 542 82.39
May 2006 54 13,259,884.00 9.36 358 41.59 8.053 574 83.18
October 2006 2 866,186.13 0.61 353 46.56 8.191 573 78.93
December 2006 1 83,243.03 0.06 355 50.00 6.850 603 95.00
January 2007 5 2,214,818.49 1.56 356 41.53 6.156 633 81.33
February 2007 41 13,667,739.42 9.65 357 40.26 7.126 631 83.77
March 2007 52 15,728,512.10 11.11 358 40.03 6.892 603 83.81
April 2007 1 391,694.19 0.28 359 45.00 7.250 525 80.00
May 2007 12 3,390,817.00 2.39 360 38.73 7.504 613 83.02
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Total: 503 $141,594,981.84 100.00% 357 41.17 7.414 599 84.69
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Initial Periodic Cap of the Adjustable-Rate Loans
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% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
INITIAL PERIODIC MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
CAP (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
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2.000 503 $141,594,981.84 100.00% 357 41.17 7.414 599 84.69
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Total: 503 $141,594,981.84 100.00% 357 41.17 7.414 599 84.69
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Periodic Cap of the Adjustable-Rate Loans
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% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO GROSS
MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- COUPON OLTV
PERIODIC CAP (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
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1.000 503 $141,594,981.84 100.00% 357 41.17 7.414 599 84.69
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Total: 503 $141,594,981.84 100.00% 357 41.17 7.414 599 84.69
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