- 6 -
EXHIBIT 99.1
The mortgage loans delivered to the trust (the "Mortgage Loans") consist
of conventional, one-to four- family, adjustable-rate and fixed-rate mortgage
loans. The Depositor purchased the Mortgage Loans from the Seller pursuant to
the Mortgage Loan Purchase Agreement, dated as of February 27, 2004 (the
"Mortgage Loan Purchase Agreement"), between the Seller and the Depositor.
Pursuant to the Pooling and Servicing Agreement, dated March 1, 2004 (the
"Pooling and Servicing Agreement"), among the Depositor, the Master Servicer and
the Trustee, the Depositor assigned the Mortgage Loans to the Trustee for the
benefit of the certificateholders.
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 94.97% and approximately 5.03% of the Mortgage Loans, by
aggregate scheduled principal balance as of the Cut-off Date, were originated by
the Seller's wholesale lending affiliates, Argent Mortgage Company, LLC
("Argent") and Olympus Mortgage Company ("Olympus" and together with Argent, the
"Originators"), respectively.
Each adjustable-rate Mortgage Loan will accrue interest at a Mortgage Rate
that is adjustable. The adjustable-rate Mortgage Loans will provide for
semi-annual adjustment to the Mortgage Rate thereon and for corresponding
adjustments to the monthly payment amount due thereon, in each case on each
adjustment date applicable thereto (each such date, an "Adjustment Date");
provided, that the first adjustment for approximately 73.62% of the
adjustable-rate Group I Mortgage Loans and approximately 76.93% 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 26.38%
of the adjustable-rate Group I Mortgage Loans and approximately 23.07% of the
adjustable-rate Group II Mortgage Loans will occur after an initial period of
three years after origination. On each Adjustment Date for each adjustable-rate
Mortgage Loan, the Mortgage Rate thereon will be adjusted (subject to rounding)
to equal the sum of the applicable Index (as defined below) and a fixed
percentage amount (the "Gross Margin"). The Mortgage Rate on each
adjustable-rate Mortgage Loan will not decrease on the first related Adjustment
Date, will not increase by more than 2.00% per annum on the first related
Adjustment Date (the "Initial Periodic Rate Cap") and will not increase or
decrease by more than 1.00% 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 three loan groups,
designated as the "Group I Mortgage Loans," the "Group II Mortgage Loans" and
the "Group III 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 Xxxxxxx Mac and Xxxxxx Mae loan limits, the Group II
- 7 -
Mortgage Loans will consist of adjustable-rate and fixed-rate mortgage loans
with principal balances at origination that may or may not conform to Xxxxxxx
Mac or Xxxxxx Mae loan limits and the Group III Mortgage Loans will consist of
fixed-rate mortgage loans with principal balances at origination that may or may
not conform to Xxxxxxx Mac or Xxxxxx Mae loan limits.
Approximately 76.31% of the Group I Mortgage Loans, approximately 76.22%
of the Group II Mortgage Loans and approximately 82.75% of the Group III
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 both loan groups,
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 3,814 adjustable-rate and fixed-rate
Mortgage Loans having an aggregate principal balance as of the Cut-off Date of
approximately $632,920,286.11, after application of scheduled payments due on or
before the Cut-off Date whether or not received and application of all
unscheduled payments of principal received prior to the Calculation Date. None
of the Group I Mortgage Loans had a first Due Date prior to October 2003 or
after April 2004, or will have a remaining term to stated maturity of less than
174 months or greater than 360 months as of the Cut-off Date. The latest
maturity date of any Group I Mortgage Loan is March 2034. The Group I Mortgage
Loans are expected to have the characteristics set forth in the following tables
as of the Cut-off Date (the sum in any column may not equal the total indicated
due to rounding).
- 8 -
-----------------------------------------------------------------------------------------------------------------------------
Collateral Type
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
2-yr Fixed / Adjustable-Rate 2,167 349,480,595.93 55.22 358 38.70 7.212 606 85.92
3-yr Fixed / Adjustable-Rate 748 125,224,065.43 19.79 358 38.29 7.104 613 85.35
Fixed Rate 899 158,215,624.75 25.00 346 39.15 6.613 637 80.04
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Principal Balances at Origination
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (months)* (%)* (%)* FICO* (%)*
-----------------------------------------------------------------------------------------------------------------------------
50,001 - 100,000 804 65,110,146.00 10.27 351 35.54 7.476 606 82.41
100,001 - 150,000 1,072 133,846,261.00 21.11 354 37.37 7.246 608 84.66
150,001 - 200,000 806 140,372,800.00 22.14 356 39.16 7.043 613 84.17
200,001 - 250,000 556 124,612,306.00 19.66 355 39.35 6.899 620 84.07
250,001 - 300,000 351 96,263,760.00 15.19 355 40.11 6.868 622 85.02
300,001 - 350,000 199 63,303,290.00 9.99 356 40.09 6.685 626 85.11
350,001 - 400,000 20 7,613,850.00 1.20 358 42.41 7.221 617 88.63
400,001 - 450,000 3 1,270,750.00 0.20 357 35.37 7.583 601 78.30
450,001 - 500,000 2 995,000.00 0.16 358 46.50 6.077 644 83.43
500,001 - 550,000 1 508,000.00 0.08 356 44.00 6.250 660 82.60
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 633,896,163.00 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
- 9 -
-----------------------------------------------------------------------------------------------------------------------------
Principal Balance 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 - 100,000.00 804 65,010,734.88 10.27 351 35.54 7.476 606 82.41
100,000.01 - 150,000.00 1,075 134,094,495.69 21.19 354 37.34 7.244 609 84.69
150,000.01 - 200,000.00 805 140,111,223.33 22.14 356 39.22 7.044 612 84.16
200,000.01 - 250,000.00 556 124,519,649.81 19.67 355 39.36 6.899 620 84.08
250,000.01 - 300,000.00 357 98,010,765.80 15.49 355 40.12 6.851 622 84.92
300,000.01 - 350,000.00 191 60,803,905.53 9.61 356 40.00 6.705 626 85.23
350,000.01 - 400,000.00 20 7,602,782.29 1.20 358 42.41 7.221 617 88.63
400,000.01 - 450,000.00 3 1,267,570.34 0.20 357 35.35 7.583 601 78.32
450,000.01 - 500,000.00 2 993,101.63 0.16 358 46.50 6.077 644 83.43
500,000.01 - 550,000.00 1 506,056.81 0.08 356 44.00 6.250 660 82.60
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
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 ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
121 - 180 61 8,373,248.91 1.32 179 37.62 6.565 637 75.13
181 - 240 42 5,901,795.78 0.93 238 39.44 6.474 636 76.79
301 - 360 3,711 618,645,241.42 97.74 358 38.74 7.053 615 84.53
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
- 10 -
-----------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF CURRENT MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 89 20,160,743.83 3.19 352 37.62 5.345 669 74.77
5.500 - 5.999 345 66,322,388.32 10.48 351 40.30 5.790 649 79.75
6.000 - 6.499 499 92,163,393.98 14.56 353 39.25 6.251 634 83.48
6.500 - 6.999 805 141,164,823.64 22.30 354 38.87 6.751 621 84.91
7.000 - 7.499 669 106,635,471.38 16.85 357 38.46 7.235 609 86.36
7.500 - 7.999 744 115,316,160.33 18.22 356 38.41 7.710 600 86.49
8.000 - 8.499 402 56,244,176.34 8.89 356 37.57 8.215 588 86.24
8.500 - 8.999 197 26,016,051.03 4.11 358 38.45 8.696 567 84.18
9.000 - 9.499 37 4,821,564.82 0.76 358 36.61 9.126 557 82.93
9.500 - 9.999 10 1,571,780.41 0.25 358 34.65 9.711 554 78.44
10.000 - 10.499 5 907,196.86 0.14 359 38.71 10.207 540 63.32
10.500 - 10.999 5 742,480.59 0.12 358 45.75 10.662 553 66.84
11.000 - 11.499 3 389,183.96 0.06 358 40.46 11.342 532 58.71
11.500 - 11.999 2 202,938.94 0.03 359 33.82 11.778 587 41.26
12.000 - 12.499 1 132,963.60 0.02 359 55.00 12.200 511 70.00
12.500 - 12.999 1 128,968.08 0.02 359 31.00 12.650 528 60.00
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
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 ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Less than 25.000 3 274,790.08 0.04 359 26.11 7.405 579 20.09
25.001 - 30.000 1 111,754.24 0.02 358 51.00 5.500 718 26.60
30.001 - 35.000 6 1,034,848.60 0.16 359 33.78 6.442 620 32.93
35.001 - 40.000 12 1,542,042.32 0.24 331 37.45 6.970 624 38.56
40.001 - 45.000 17 2,293,638.92 0.36 338 33.67 6.739 627 42.48
45.001 - 50.000 31 3,735,030.30 0.59 347 42.22 6.747 605 47.62
50.001 - 55.000 25 3,854,253.37 0.61 345 41.41 6.459 630 53.44
55.001 - 60.000 65 9,904,645.19 1.56 340 40.28 6.643 617 58.08
60.001 - 65.000 123 22,675,719.59 3.58 349 40.07 6.706 602 63.35
65.001 - 70.000 172 27,806,797.08 4.39 353 39.90 6.887 595 68.48
70.001 - 75.000 291 48,506,222.41 7.66 354 39.72 7.009 589 73.83
75.001 - 80.000 552 90,965,581.01 14.37 354 38.33 6.967 604 79.38
80.001 - 85.000 502 80,666,561.11 12.75 354 38.91 6.983 602 84.28
85.001 - 90.000 1,075 174,797,971.64 27.62 357 38.06 7.200 616 89.67
90.001 - 95.000 939 164,750,430.25 26.03 357 38.80 7.076 639 94.72
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
- 11 -
-----------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
500 - 519 126 20,248,101.72 3.20 357 41.91 7.857 510 75.34
520 - 539 205 30,762,193.32 4.86 357 40.93 7.813 530 76.75
540 - 559 383 60,174,501.05 9.51 356 40.60 7.571 551 81.04
560 - 579 383 59,866,708.96 9.46 357 38.83 7.423 569 81.37
580 - 599 463 71,569,644.42 11.31 354 38.61 7.270 589 85.45
600 - 619 584 97,238,461.52 15.36 355 38.41 6.930 609 86.93
620 - 639 565 97,874,867.68 15.46 354 38.34 6.804 629 86.61
640 - 659 396 69,661,499.92 11.01 353 38.14 6.717 650 85.56
660 - 679 263 45,710,202.15 7.22 354 38.80 6.753 668 86.67
680 - 699 187 34,085,369.11 5.39 355 36.98 6.576 688 85.56
700 - 719 104 18,405,822.91 2.91 353 37.24 6.481 708 86.29
720 - 739 69 12,372,228.82 1.95 353 37.07 6.475 729 83.51
740 - 759 49 8,418,567.51 1.33 356 36.04 6.633 748 84.62
760 - 779 30 5,421,619.35 0.86 342 40.39 6.191 766 80.32
780 - 799 7 1,110,497.67 0.18 359 27.13 6.395 787 81.69
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
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 ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Less than 20.000 231 34,273,754.62 5.42 354 14.46 7.210 631 83.71
20.001 - 25.000 258 37,085,447.95 5.86 354 23.24 7.127 613 84.58
25.001 - 30.000 373 56,807,792.90 8.98 355 28.24 7.012 625 84.05
30.001 - 35.000 499 77,156,958.30 12.19 355 32.99 7.054 617 84.39
35.001 - 40.000 611 103,324,150.62 16.32 355 38.07 7.027 617 84.79
40.001 - 45.000 747 129,812,380.14 20.51 355 43.10 7.018 617 85.80
45.001 - 50.000 976 172,317,797.47 27.23 355 48.16 7.043 610 85.24
50.001 - 55.000 119 22,142,004.11 3.50 353 53.25 6.840 588 67.70
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
- 12 -
-----------------------------------------------------------------------------------------------------------------------------
Geographic Distribution
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
STATE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
California 859 178,375,774.87 28.18 354 40.14 6.787 618 80.47
Florida 433 62,508,228.42 9.88 353 38.85 7.005 618 85.85
Illinois 322 53,928,852.19 8.52 356 38.98 7.401 620 87.56
New York 193 46,854,430.29 7.40 353 40.26 6.930 610 82.18
Arizona 216 26,737,011.37 4.22 352 36.67 6.919 615 87.50
Minnesota 117 20,182,808.86 3.19 358 38.24 7.028 612 86.09
Michigan 163 19,020,809.93 3.01 358 37.90 7.405 607 87.11
Texas 142 16,266,554.56 2.57 348 36.71 7.372 599 83.44
Maryland 91 15,922,298.67 2.52 358 38.7 7.105 604 84.33
Connecticut 85 15,854,970.79 2.51 354 38.49 6.969 620 84.72
Massachusetts 70 15,595,883.50 2.46 356 40.20 7.021 616 82.63
Nevada 93 14,420,128.78 2.28 356 34.72 7.198 621 88.67
Colorado 80 14,376,489.14 2.27 357 38.93 6.694 614 87.42
Washington 89 14,300,329.86 2.26 357 38.49 7.002 615 85.22
New Jersey 59 11,846,108.51 1.87 358 36.23 7.229 637 86.72
Georgia 68 10,540,218.78 1.67 356 38.68 7.301 598 87.59
Pennsylvania 73 9,744,039.58 1.54 356 36.82 7.463 590 86.14
Missouri 92 9,673,487.19 1.53 358 37.87 7.462 608 88.30
Utah 57 8,838,317.03 1.40 359 37.86 7.144 618 89.70
Rhode Island 43 7,276,710.78 1.15 356 37.97 6.739 611 79.04
Other 469 60,656,833.01 9.58 355 36.74 7.310 617 86.60
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
- 13 -
-----------------------------------------------------------------------------------------------------------------------------
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 ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Owner Occupied 3,409 573,299,485.93 90.58 354 39.40 7.005 612 84.34
Non-Owner Occupied 380 55,169,250.98 8.72 357 31.88 7.44 651 84.45
Second Home 25 4,451,549.20 0.70 358 38.17 6.676 658 82.61
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
-----------------------------------------------------------------------------------------------------------------------------
Documentation Type
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Full Documentation 2,695 432,898,286.68 68.4 355 39.38 6.918 609 83.88
Stated Documentation 901 161,572,416.82 25.53 356 37.7 7.374 633 85.54
Limited Documentation 218 38,449,582.61 6.07 352 35.71 7.021 616 84.39
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Loan Purpose
-----------------------------------------------------------------------------------------------------------------------------
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 2,661 450,599,041.22 71.19 354 39.31 6.965 608 82.60
Consolidation Cash Out**
Purchase 904 144,511,088.17 22.83 358 36.65 7.302 637 90.02
Refinance-Debt
Consolidation No Cash Out*** 249 37,810,156.72 5.97 351 39.80 6.944 614 83.32
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
** 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 $2,000 of the original principal balance of the related
loan. Excludes home equity loans originated in Texas with any cash
proceeds.
- 14 -
-----------------------------------------------------------------------------------------------------------------------------
Credit Grade
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RISK CATEGORY LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
1 2,583 429,901,018.31 67.92 354 38.19 6.883 626 85.83
2 340 55,521,094.31 8.77 355 38.77 7.156 595 83.18
3 322 49,902,453.63 7.88 355 38.67 7.170 592 82.48
4 231 36,794,819.79 5.81 356 41.15 7.445 592 81.77
5 128 21,377,983.93 3.38 357 40.80 7.823 568 72.96
6 27 4,652,792.79 0.74 358 41.10 8.861 560 67.04
A 132 23,922,799.02 3.78 354 41.02 7.205 628 82.42
X- 00 2,382,859.87 0.38 359 38.59 7.915 564 82.06
B 7 1,316,532.20 0.21 359 37.28 8.112 589 81.95
C 10 1,927,151.28 0.30 358 40.37 8.718 556 73.01
C- 23 5,220,780.98 0.82 357 45.05 7.831 578 86.38
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company,
LLC.
-----------------------------------------------------------------------------------------------------------------------------
Property 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
PROPERTY TYPE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Single Family Detached 2,875 466,487,749.91 73.70 354 38.87 7.013 613 84.14
Two-to Four-Family 287 62,045,327.88 9.80 357 37.66 7.226 627 83.74
PUD Detached 314 54,827,436.14 8.66 355 38.16 6.961 616 86.72
Condominium 230 36,409,218.64 5.75 357 39.86 7.221 621 86.00
Manufactured Housing 82 9,185,896.58 1.45 354 38.33 7.105 618 76.67
PUD Attached 19 2,911,500.32 0.46 358 35.47 6.633 647 88.10
Single Family Attached 7 1,053,156.64 0.17 359 41.91 7.168 611 83.61
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Prepayment Charge Term
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
0 888 149,954,166.58 23.69 356 38.70 7.300 613 85.96
12 208 41,840,594.18 6.61 354 38.88 7.055 618 80.70
24 1,427 225,306,658.59 35.60 358 38.47 7.204 606 85.48
36 1,291 215,818,866.76 34.10 351 39.00 6.687 627 82.72
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
- 15 -
-----------------------------------------------------------------------------------------------------------------------------
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 ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Conforming 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
Total: 3,814 632,920,286.11 100.00 355 38.73 7.041 615 84.34
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rates of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE OF
BALANCE OF ADJUSTABLE REMAINING
NUMBER OF ADJUSTABLE RATE RATE LOANS AS TERM TO GROSS
RANGE OF MAXIMUM MORTGAGE LOANS AS OF THE OF THE MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 48 10,522,480.53 2.22 358 36.79 5.351 641 80.17
11.500 - 11.999 183 34,174,159.92 7.20 358 40.32 5.789 638 84.39
12.000 - 12.499 329 60,745,084.99 12.80 358 38.86 6.258 628 85.55
12.500 - 12.999 573 100,104,275.96 21.09 357 38.62 6.751 617 86.04
13.000 - 13.499 567 89,552,433.41 18.86 358 38.85 7.236 608 86.57
13.500 - 13.999 617 96,050,732.95 20.23 358 38.25 7.713 598 87.02
14.000 - 14.499 358 51,176,421.95 10.78 358 37.92 8.220 587 86.30
14.500 - 14.999 179 23,939,810.22 5.04 358 38.48 8.699 565 84.00
15.000 - 15.499 35 4,502,833.38 0.95 358 36.04 9.119 558 82.81
15.500 - 15.999 9 1,432,696.02 0.30 358 33.35 9.727 552 77.32
16.000 - 16.499 5 907,196.86 0.19 359 38.71 10.207 540 63.32
16.500 - 16.999 5 742,480.59 0.16 358 45.75 10.662 553 66.84
17.000 - 17.499 3 389,183.96 0.08 358 40.46 11.342 532 58.71
17.500 - 17.999 2 202,938.94 0.04 359 33.82 11.778 587 41.26
18.000 - 18.499 1 132,963.60 0.03 359 55.00 12.200 511 70.00
18.500 - 18.999 1 128,968.08 0.03 359 31.00 12.650 528 60.00
-----------------------------------------------------------------------------------------------------------------------------
Total: 2,915 474,704,661.36 100.00 358 38.59 7.184 608 85.77
-----------------------------------------------------------------------------------------------------------------------------
- 16 -
-----------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rates of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE OF
BALANCE OF ADJUSTABLE REMAINING
NUMBER OF ADJUSTABLE RATE RATE LOANS AS TERM TO GROSS
RANGE OF MINIMUM MORTGAGE LOANS AS OF THE OF THE MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 48 10,522,480.53 2.22 358 36.79 5.351 641 80.17
5.500 - 5.999 183 34,174,159.92 7.20 358 40.32 5.789 638 84.39
6.000 - 6.499 329 60,745,084.99 12.80 358 38.86 6.258 628 85.55
6.500 - 6.999 573 100,104,275.96 21.09 357 38.62 6.751 617 86.04
7.000 - 7.499 567 89,552,433.41 18.86 358 38.85 7.236 608 86.57
7.500 - 7.999 617 96,050,732.95 20.23 358 38.25 7.713 598 87.02
8.000 - 8.499 358 51,176,421.95 10.78 358 37.92 8.220 587 86.30
8.500 - 8.999 179 23,939,810.22 5.04 358 38.48 8.699 565 84.00
9.000 - 9.499 35 4,502,833.38 0.95 358 36.04 9.119 558 82.81
9.500 - 9.999 9 1,432,696.02 0.30 358 33.35 9.727 552 77.32
10.000 - 10.499 5 907,196.86 0.19 359 38.71 10.207 540 63.32
10.500 - 10.999 5 742,480.59 0.16 358 45.75 10.662 553 66.84
11.000 - 11.499 3 389,183.96 0.08 358 40.46 11.342 532 58.71
11.500 - 11.999 2 202,938.94 0.04 359 33.82 11.778 587 41.26
12.000 - 12.499 1 132,963.60 0.03 359 55.00 12.200 511 70.00
12.500 - 12.999 1 128,968.08 0.03 359 31.00 12.650 528 60.00
-----------------------------------------------------------------------------------------------------------------------------
Total: 2,915 474,704,661.36 100.00 358 38.59 7.184 608 85.77
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Gross Margins of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE OF
BALANCE OF ADJUSTABLE REMAINING
NUMBER OF ADJUSTABLE RATE RATE LOANS AS TERM TO GROSS
MORTGAGE LOANS AS OF THE 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 1,232 190,074,666.12 40.04 358 38.10 7.235 610 86.46
4.750 - 4.999 3 396,808.67 0.08 359 42.03 7.573 620 84.19
5.000 - 5.249 1 197,258.78 0.04 358 39.00 6.750 621 95.00
5.250 - 5.499 1 186,036.52 0.04 359 38.00 6.650 612 95.00
5.500 - 5.749 136 26,162,939.05 5.51 358 41.14 7.443 610 83.11
6.000 - 6.249 2 323,640.92 0.07 359 47.27 7.403 627 95.00
6.250 - 6.499 12 1,385,985.34 0.29 358 38.95 7.338 611 82.22
6.500 - 6.749 1,514 253,619,076.24 53.43 358 38.66 7.106 607 85.59
6.750 - 6.999 2 360,458.65 0.08 359 39.12 7.109 600 80.44
7.000 - 7.249 12 1,997,791.07 0.42 359 40.70 8.640 558 78.47
-----------------------------------------------------------------------------------------------------------------------------
Total: 2,915 474,704,661.36 100.00 358 38.59 7.184 608 85.77
-----------------------------------------------------------------------------------------------------------------------------
- 17 -
-----------------------------------------------------------------------------------------------------------------------------
Next Adjustment Date of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE OF
BALANCE OF ADJUSTABLE REMAINING
NUMBER OF ADJUSTABLE RATE RATE LOANS AS TERM TO GROSS
MORTGAGE LOANS AS OF THE OF THE MATURITY DEBT-TO- COUPON OLTV
NEXT ADJUSTMENT DATE LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
September 2005 37 5,983,874.61 1.26 354 38.52 7.634 581 80.44
October 2005 28 4,108,588.67 0.87 355 40.64 7.692 583 85.31
November 2005 99 16,551,525.20 3.49 356 39.87 7.582 595 83.61
December 2005 215 36,008,339.91 7.59 357 38.71 7.173 615 88.10
January 2006 531 86,229,204.32 18.16 357 38.27 7.158 616 88.07
February 2006 1,255 200,172,163.22 42.17 359 38.74 7.188 602 84.97
March 2006 2 426,900.00 0.09 360 48.00 7.513 622 83.67
September 2006 6 1,234,351.94 0.26 354 45.04 7.673 528 70.83
October 2006 15 2,484,590.08 0.52 355 40.65 6.800 616 78.74
November 2006 14 2,457,916.63 0.52 356 35.98 7.046 632 84.39
December 2006 86 14,405,422.83 3.03 357 39.99 7.238 609 87.38
January 2007 259 43,408,528.72 9.14 357 38.00 7.136 616 85.10
February 2007 367 60,957,005.23 12.84 359 37.91 7.057 613 85.64
March 2007 1 276,250.00 0.06 360 48.00 6.350 659 85.00
-----------------------------------------------------------------------------------------------------------------------------
Total: 2,915 474,704,661.36 100.00 358 38.59 7.184 608 85.77
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Initial Periodic Cap of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE OF
BALANCE OF ADJUSTABLE REMAINING
NUMBER OF ADJUSTABLE RATE RATE LOANS AS TERM TO GROSS
INITIAL PERIODIC MORTGAGE LOANS AS OF THE OF THE MATURITY DEBT-TO- COUPON OLTV
CAP (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
2.000 2,915 474,704,661.36 100.00 358 38.59 7.184 608 85.77
-----------------------------------------------------------------------------------------------------------------------------
Total: 2,915 474,704,661.36 100.00 358 38.59 7.184 608 85.77
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Periodic Cap of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE OF
BALANCE OF ADJUSTABLE REMAINING
NUMBER OF ADJUSTABLE RATE RATE LOANS AS TERM TO GROSS
MORTGAGE LOANS AS OF THE OF THE MATURITY DEBT-TO- COUPON OLTV
PERIODIC CAP (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
1.000 2,915 474,704,661.36 100.00 358 38.59 7.184 608 85.77
-----------------------------------------------------------------------------------------------------------------------------
Total: 2,915 474,704,661.36 100.00 358 38.59 7.184 608 85.77
-----------------------------------------------------------------------------------------------------------------------------
Group II Mortgage Loan Statistics
The Group II Mortgage Loans consist of 1,262 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $281,766,238.42, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Calculation Date. None of the Group II Mortgage Loans had a first Due Date prior
to October 2003 or after March 2004, or will have a remaining term to stated
maturity of less than 174 months or greater than 359 months as of the Cut-off
Date. The latest maturity date of any Group II Mortgage Loan is February 2034.
The Group II Mortgage Loans are expected to have the characteristics set forth
in the following tables as of the Cut-off Date (the sum in any column may not
equal the total indicated due to rounding).
- 18 -
-----------------------------------------------------------------------------------------------------------------------------
Collateral Type
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
2-yr Fixed / Adjustable-Rate 464 119,234,803.31 42.32 358 38.34 7.419 599 84.85
3-yr Fixed / Adjustable-Rate 137 35,766,268.93 12.69 358 38.43 7.326 607 85.07
Fixed Rate 661 126,765,166.18 44.99 349 38.90 6.921 638 82.40
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Principal Balances at Origination
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (months)* (%)* (%)* FICO* (%)*
-----------------------------------------------------------------------------------------------------------------------------
50,001 - 100,000 325 25,906,513.00 9.18 350 36.13 8.333 596 82.06
100,001 - 150,000 252 31,054,019.00 11.00 350 38.33 7.954 599 83.82
150,001 - 200,000 143 24,545,471.00 8.70 347 38.73 7.703 604 84.08
200,001 - 250,000 73 16,373,745.00 5.80 349 40.56 7.638 606 83.86
250,001 - 300,000 44 12,087,831.00 4.28 358 39.86 7.472 613 84.56
300,001 - 350,000 69 22,870,930.00 8.10 354 38.77 6.794 622 82.41
350,001 - 400,000 173 64,880,567.00 22.99 357 38.37 6.697 628 85.74
400,001 - 450,000 83 35,357,569.00 12.53 356 39.60 6.740 627 85.30
450,001 - 500,000 92 44,641,227.00 15.82 358 38.98 6.764 633 82.16
500,001 - 550,000 5 2,643,150.00 0.94 358 37.11 6.924 592 78.83
550,001 - 600,000 2 1,175,000.00 0.42 359 31.51 6.119 601 52.39
650,001 - 700,000 1 675,000.00 0.24 355 30.00 5.990 680 78.04
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 282,211,022.00 100.00 354 38.6 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
- 19 -
-----------------------------------------------------------------------------------------------------------------------------
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 - 100,000.00 325 25,865,745.21 9.18 350 36.13 8.334 596 82.06
100,000.01 - 150,000.00 253 31,154,100.95 11.06 350 38.19 7.948 599 83.76
150,000.01 - 200,000.00 142 24,358,590.75 8.64 347 38.91 7.711 603 84.16
200,000.01 - 250,000.00 73 16,342,886.92 5.80 349 40.55 7.639 606 83.87
250,000.01 - 300,000.00 44 12,070,442.27 4.28 358 39.86 7.473 613 84.56
300,000.01 - 350,000.00 69 22,833,707.35 8.10 354 38.77 6.794 622 82.41
350,000.01 - 400,000.00 174 65,178,507.37 23.13 357 38.43 6.688 628 85.77
400,000.01 - 450,000.00 83 35,351,917.55 12.55 356 39.50 6.750 629 85.24
450,000.01 - 500,000.00 91 44,125,799.67 15.66 358 38.98 6.770 631 82.13
500,000.01 - 550,000.00 5 2,639,097.97 0.94 358 37.11 6.924 592 78.83
550,000.01 - 600,000.00 2 1,173,842.46 0.42 359 31.51 6.119 601 52.39
650,000.01 - 700,000.00 1 671,599.95 0.24 355 30.00 5.990 680 78.04
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
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 ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
121 - 180 31 4,776,518.00 1.70 178 41.31 6.773 643 76.68
181 - 240 17 2,290,404.37 0.81 238 41.34 6.883 614 77.94
301 - 360 1,214 274,699,316.05 97.49 358 38.53 7.193 617 83.95
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
- 20 -
-----------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF CURRENT MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 35 14,051,815.76 4.99 358 39.52 5.329 665 78.28
5.500 - 5.999 117 39,595,202.59 14.05 355 39.23 5.762 655 81.20
6.000 - 6.499 128 38,836,934.03 13.78 349 40.52 6.225 642 81.87
6.500 - 6.999 178 45,717,752.06 16.23 352 37.49 6.738 630 86.31
7.000 - 7.499 147 35,437,863.07 12.58 355 38.62 7.229 613 85.02
7.500 - 7.999 177 37,832,151.89 13.43 354 36.08 7.718 609 87.55
8.000 - 8.499 151 24,412,887.37 8.66 354 39.53 8.243 586 84.68
8.500 - 8.999 176 25,961,251.01 9.21 357 39.27 8.715 572 84.84
9.000 - 9.499 74 9,561,107.81 3.39 357 36.33 9.222 572 85.66
9.500 - 9.999 33 4,436,378.21 1.57 358 40.05 9.680 557 79.99
10.000 - 10.499 16 2,531,561.96 0.90 358 39.57 10.278 534 73.94
10.500 - 10.999 9 1,055,048.30 0.37 358 42.19 10.739 530 65.51
11.000 - 11.499 9 1,133,493.32 0.40 359 41.06 11.179 523 59.84
11.500 - 11.999 8 797,135.07 0.28 358 38.25 11.677 544 59.10
-----------------------------------------------------------------------------------------------------------------------------
12.000 - 12.499 4 405,655.97 0.14 358 39.96 12.216 535 58.43
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
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 ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Less than 25.000 2 154,838.93 0.05 358 51.74 10.159 695 21.09
25.001 - 30.000 1 338,784.44 0.12 359 35.00 5.250 776 29.50
30.001 - 35.000 3 884,869.05 0.31 342 28.23 5.806 684 32.82
35.001 - 40.000 4 594,788.11 0.21 359 41.87 6.088 729 37.84
40.001 - 45.000 8 1,872,943.74 0.66 325 32.31 7.044 619 41.74
45.001 - 50.000 9 2,290,829.18 0.81 350 39.45 7.218 584 48.62
50.001 - 55.000 15 2,735,838.98 0.97 339 41.33 6.943 608 52.78
55.001 - 60.000 23 4,319,726.73 1.53 337 40.29 8.189 581 58.60
60.001 - 65.000 39 9,631,007.50 3.42 355 41.63 7.209 591 63.31
65.001 - 70.000 54 11,265,832.83 4.00 351 39.99 7.329 602 68.85
70.001 - 75.000 103 22,859,155.81 8.11 354 37.33 7.347 583 73.92
75.001 - 80.000 184 38,961,840.80 13.83 355 38.65 6.988 613 79.34
80.001 - 85.000 157 34,677,448.33 12.31 355 38.36 7.056 611 84.25
85.001 - 90.000 398 88,520,128.53 31.42 356 38.05 7.213 622 89.61
90.001 - 95.000 262 62,658,205.46 22.24 354 39.26 7.219 639 94.69
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
- 21 -
-----------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
500 - 519 55 9,679,328.96 3.44 358 41.24 8.861 508 70.73
520 - 539 110 18,174,352.67 6.45 355 40.31 8.571 531 76.92
540 - 559 126 24,752,744.50 8.78 357 41.06 7.776 551 80.30
560 - 579 128 24,376,096.49 8.65 355 39.19 7.855 569 82.86
580 - 599 129 25,770,271.15 9.15 357 40.27 7.613 588 84.80
600 - 619 186 42,972,142.46 15.25 354 38.24 7.042 609 85.49
620 - 639 158 40,125,680.59 14.24 353 37.37 6.790 629 87.99
640 - 659 129 29,296,822.39 10.4 352 37.27 6.829 649 85.82
660 - 679 89 24,006,329.37 8.52 354 38.02 6.588 669 85.51
680 - 699 77 20,969,562.88 7.44 356 37.24 6.418 687 85.38
700 - 719 26 7,544,439.42 2.68 354 36.80 6.298 710 84.96
720 - 739 22 5,705,542.98 2.02 333 38.31 6.152 728 86.98
740 - 759 15 4,036,790.53 1.43 358 37.91 6.251 746 85.17
760 - 779 8 3,229,360.69 1.15 359 33.83 5.730 768 66.99
780 - 799 3 1,041,873.56 0.37 357 42.60 6.949 782 65.39
800 - 819 1 84,899.78 0.03 358 54.00 8.650 813 22.67
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
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 ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Less than 20.000 91 17,680,193.19 6.27 354 15.49 7.283 627 82.85
20.001 - 25.000 77 15,876,893.33 5.63 359 23.33 7.194 623 82.67
25.001 - 30.000 122 27,536,179.93 9.77 356 28.29 7.257 629 83.99
30.001 - 35.000 164 32,491,888.20 11.53 355 32.97 7.252 619 83.82
35.001 - 40.000 186 40,806,397.99 14.48 355 38.04 7.198 623 82.67
40.001 - 45.000 239 58,410,925.61 20.73 354 42.94 7.054 619 85.71
45.001 - 50.000 342 80,787,986.75 28.67 353 48.12 7.153 611 85.13
50.001 - 55.000 41 8,175,773.42 2.90 344 53.16 7.571 573 65.32
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
- 22 -
-----------------------------------------------------------------------------------------------------------------------------
Geographic Distribution
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
STATE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
California 218 86,536,879.58 30.71 358 39.39 6.433 631 83.80
New York 88 27,922,697.63 9.91 353 38.41 7.052 634 81.80
Florida 161 26,247,869.91 9.32 352 37.74 7.302 613 82.95
Illinois 90 17,424,735.46 6.18 353 38.05 8.147 606 86.27
Texas 78 10,539,872.77 3.74 342 36.74 7.898 601 81.94
Massachusetts 31 10,012,488.78 3.55 358 39.28 7.693 598 79.94
Maryland 39 8,991,584.56 3.19 345 40.59 7.187 614 86.25
Michigan 61 7,870,561.72 2.79 358 36.63 8.396 582 86.39
Arizona 44 6,645,194.33 2.36 351 36.66 7.365 627 88.40
New Jersey 21 6,574,723.81 2.33 357 41.82 7.581 613 82.95
Colorado 23 6,325,120.00 2.24 359 41.48 6.532 621 84.88
Minnesota 28 5,919,052.78 2.10 348 38.78 7.791 599 82.71
Pennsylvania 42 5,725,839.99 2.03 350 38.38 7.871 599 82.71
Connecticut 25 5,571,959.95 1.98 356 41.71 7.257 607 84.96
Nevada 19 4,922,311.19 1.75 358 41.40 7.443 595 82.12
Missouri 35 4,175,236.21 1.48 358 37.22 8.038 579 79.78
Rhode Island 20 3,794,814.58 1.35 353 39.68 7.140 641 80.46
Washington 19 3,755,004.08 1.33 358 36.89 7.254 624 86.56
Oregon 13 3,327,768.38 1.18 358 34.06 6.485 659 80.34
Tennessee 21 3,116,159.93 1.11 348 34.38 7.548 604 88.39
Other 186 26,366,362.78 9.36 352 37.07 7.750 605 85.42
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
- 23 -
-----------------------------------------------------------------------------------------------------------------------------
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 ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Owner Occupied 1,125 259,212,590.78 92.00 354 39.15 7.137 615 83.61
Non-Owner Occupied 128 19,414,441.82 6.89 357 31.44 7.818 648 85.92
Second Home 9 3,139,205.82 1.11 351 38.03 7.059 661 83.96
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
-----------------------------------------------------------------------------------------------------------------------------
Documentation Type
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Full Documentation 818 171,320,725.17 60.80 353 38.99 7.000 613 82.46
Stated Documentation 374 94,650,590.05 33.59 355 38.00 7.484 630 86.01
Limited Documentation 70 15,794,923.20 5.61 356 38.03 7.361 596 84.61
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Loan Purpose
-----------------------------------------------------------------------------------------------------------------------------
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
Consolidation Cash Out** 881 202,468,283.02 71.86 353 39.45 7.140 611 82.52
Purchase 275 59,709,870.11 21.19 358 36.42 7.343 638 88.86
Refinance-Debt
Consolidation No Cash Out*** 106 19,588,085.29 6.95 356 36.48 7.138 626 81.22
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
** 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 $2,000 of the original principal balance of the related
loan. Excludes home equity loans originated in Texas with any cash
proceeds.
- 24 -
-----------------------------------------------------------------------------------------------------------------------------
Credit Grade
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RISK CATEGORY LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
1 831 191,108,710.42 67.83 354 38.28 6.847 634 85.31
2 96 20,161,777.35 7.16 354 39.41 7.618 592 82.70
3 129 24,035,524.53 8.53 354 37.84 7.702 585 82.75
4 74 14,758,314.59 5.24 354 41.83 7.794 585 83.13
5 58 12,529,139.53 4.45 358 39.25 8.464 552 70.70
6 32 4,884,224.23 1.73 359 42.12 10.243 536 63.28
A 31 10,490,330.83 3.72 356 37.09 7.074 634 88.41
X- 0 504,625.07 0.18 359 47.98 8.475 517 68.47
B 1 171,910.82 0.06 359 50.00 9.250 590 80.00
C 4 1,155,080.73 0.41 358 39.13 9.312 519 71.69
C- 4 1,966,600.32 0.70 358 38.09 7.499 555 83.67
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company,
LLC.
-----------------------------------------------------------------------------------------------------------------------------
Property 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
PROPERTY TYPE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Single Family Detached 986 224,331,203.79 79.62 354 38.62 7.136 615 83.44
PUD Detached 106 25,108,355.58 8.91 357 37.71 7.121 628 85.64
Two-to Four-Family 73 15,565,352.52 5.52 355 37.83 7.852 630 83.31
Condominium 73 14,264,196.44 5.06 358 40.50 7.184 631 87.54
Manufactured Housing 22 2,193,343.97 0.78 349 40.38 7.822 601 75.30
PUD Attached 2 303,786.12 0.11 359 40.67 7.770 596 83.66
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Prepayment Charge Term
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
0 333 67,009,907.42 23.78 352 38.68 7.736 606 83.76
12 103 31,724,148.62 11.26 353 36.82 6.855 638 82.06
24 326 80,554,451.64 28.59 358 38.70 7.276 603 84.97
36 500 102,477,730.74 36.37 353 39.03 6.850 630 83.38
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
- 25 -
-----------------------------------------------------------------------------------------------------------------------------
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 ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Conforming 872 121,618,634.05 43.16 351 38.45 7.842 603 83.89
Non-Conforming 390 160,147,604.37 56.84 357 38.72 6.683 629 83.69
-----------------------------------------------------------------------------------------------------------------------------
Total: 1,262 281,766,238.42 100.00 354 38.60 7.183 618 83.77
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rates of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE OF
BALANCE OF ADJUSTABLE REMAINING
NUMBER OF ADJUSTABLE RATE RATE LOANS AS TERM TO GROSS
RANGE OF MAXIMUM MORTGAGE LOANS AS OF THE OF THE MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 24 9,822,468.67 6.34 358 41.60 5.335 631 81.97
11.500 - 11.999 42 16,842,540.14 10.87 359 40.17 5.770 640 85.97
12.000 - 12.499 35 13,331,541.45 8.60 358 41.66 6.241 628 87.44
12.500 - 12.999 63 24,452,780.56 15.78 358 36.57 6.741 625 88.96
13.000 - 13.499 57 19,541,834.49 12.61 358 38.21 7.249 599 83.58
13.500 - 13.999 80 22,926,877.67 14.79 358 34.50 7.733 598 86.53
14.000 - 14.499 70 14,495,382.12 9.35 358 40.18 8.242 576 83.75
14.500 - 14.999 115 18,245,011.78 11.77 358 38.86 8.726 565 84.76
15.000 - 15.499 54 7,163,033.54 4.62 358 35.52 9.225 565 84.76
15.500 - 15.999 23 3,148,826.10 2.03 358 38.61 9.647 553 81.03
16.000 - 16.499 11 1,996,155.34 1.29 359 39.77 10.302 531 70.64
16.500 - 16.999 7 818,293.69 0.53 358 45.12 10.722 526 64.78
17.000 - 17.499 8 1,013,535.65 0.65 359 42.25 11.194 523 60.00
17.500 - 17.999 8 797,135.07 0.51 358 38.25 11.677 544 59.10
18.000 - 18.499 4 405,655.97 0.26 358 39.96 12.216 535 58.43
-----------------------------------------------------------------------------------------------------------------------------
Total: 601 155,001,072.24 100.00 358 38.36 7.398 601 84.90
-----------------------------------------------------------------------------------------------------------------------------
- 26 -
-----------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rates of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE OF
BALANCE OF ADJUSTABLE REMAINING
NUMBER OF ADJUSTABLE RATE RATE LOANS AS TERM TO GROSS
RANGE OF MINIMUM MORTGAGE LOANS AS OF THE OF THE MATURITY DEBT-TO- COUPON OLTV
MORTGAGE RATES (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 24 9,822,468.67 6.34 358 41.60 5.335 631 81.97
5.500 - 5.999 42 16,842,540.14 10.87 359 40.17 5.770 640 85.97
6.000 - 6.499 35 13,331,541.45 8.60 358 41.66 6.241 628 87.44
6.500 - 6.999 63 24,452,780.56 15.78 358 36.57 6.741 625 88.96
7.000 - 7.499 57 19,541,834.49 12.61 358 38.21 7.249 599 83.58
7.500 - 7.999 80 22,926,877.67 14.79 358 34.50 7.733 598 86.53
8.000 - 8.499 70 14,495,382.12 9.35 358 40.18 8.242 576 83.75
8.500 - 8.999 115 18,245,011.78 11.77 358 38.86 8.726 565 84.76
9.000 - 9.499 54 7,163,033.54 4.62 358 35.52 9.225 565 84.76
9.500 - 9.999 23 3,148,826.10 2.03 358 38.61 9.647 553 81.03
10.000 - 10.499 11 1,996,155.34 1.29 359 39.77 10.302 531 70.64
10.500 - 10.999 7 818,293.69 0.53 358 45.12 10.722 526 64.78
11.000 - 11.499 8 1,013,535.65 0.65 359 42.25 11.194 523 60.00
11.500 - 11.999 8 797,135.07 0.51 358 38.25 11.677 544 59.10
12.000 - 12.499 4 405,655.97 0.26 358 39.96 12.216 535 58.43
-----------------------------------------------------------------------------------------------------------------------------
Total: 601 155,001,072.24 100.00 358 38.36 7.398 601 84.90
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Gross Margins of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE OF
BALANCE OF ADJUSTABLE REMAINING
NUMBER OF ADJUSTABLE RATE RATE LOANS AS TERM TO GROSS
RANGE OF GROSS MORTGAGE LOANS AS OF THE OF THE MATURITY DEBT-TO- COUPON OLTV
MARGINS (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 257 57,002,507.04 36.78 359 38.33 7.801 596 85.32
5.500 - 5.749 33 11,785,789.10 7.60 358 37.00 7.270 609 86.10
6.250 - 6.499 2 183,642.61 0.12 359 24.58 8.675 555 89.91
6.500 - 6.749 304 84,912,744.18 54.78 358 38.62 7.117 604 84.61
7.000 - 7.249 4 1,007,653.89 0.65 358 37.65 9.299 520 71.03
7.250 - 7.499 1 108,735.42 0.07 359 28.00 8.600 533 80.00
-----------------------------------------------------------------------------------------------------------------------------
Total: 601 155,001,072.24 100.00 358 38.36 7.398 601 84.90
-----------------------------------------------------------------------------------------------------------------------------
- 27 -
-----------------------------------------------------------------------------------------------------------------------------
Next Adjustment Date of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE OF
BALANCE OF ADJUSTABLE REMAINING
NUMBER OF ADJUSTABLE RATE RATE LOANS AS TERM TO GROSS
MORTGAGE LOANS AS OF THE OF THE MATURITY DEBT-TO- COUPON OLTV
NEXT ADJUSTMENT DATE LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
September 2005 5 986,390.92 0.64 354 40.12 9.038 549 73.37
October 2005 10 1,685,239.39 1.09 355 39.25 7.834 610 83.61
November 2005 16 2,836,658.44 1.83 356 40.62 8.076 587 85.97
December 2005 57 15,323,599.47 9.89 357 38.40 7.561 607 87.81
January 2006 121 32,106,456.96 20.71 358 39.12 6.941 607 85.02
February 2006 255 66,296,458.13 42.77 359 37.80 7.555 595 84.23
September 2006 1 93,433.64 0.06 354 36.00 8.950 534 75.00
November 2006 3 1,004,173.10 0.65 356 44.45 7.035 595 91.30
December 2006 20 5,435,991.67 3.51 357 40.68 7.506 585 83.47
January 2007 44 11,229,357.86 7.24 358 37.40 7.132 610 85.82
February 2007 69 18,003,312.66 11.61 359 38.08 7.401 613 84.80
-----------------------------------------------------------------------------------------------------------------------------
Total: 601 155,001,072.24 100.00 358 38.36 7.398 601 84.90
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Initial Periodic Cap of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE OF
BALANCE OF ADJUSTABLE REMAINING
NUMBER OF ADJUSTABLE RATE RATE LOANS AS TERM TO GROSS
INITIAL PERIODIC MORTGAGE LOANS AS OF THE OF THE MATURITY DEBT-TO- COUPON OLTV
CAP (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
2.000 601 155,001,072.24 100.00 358 38.36 7.398 601 84.90
-----------------------------------------------------------------------------------------------------------------------------
Total: 601 155,001,072.24 100.00 358 38.36 7.398 601 84.90
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Periodic Cap of the Adjustable-Rate Loans
-----------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE OF
BALANCE OF ADJUSTABLE REMAINING
NUMBER OF ADJUSTABLE RATE RATE LOANS AS TERM TO GROSS
MORTGAGE LOANS AS OF THE OF THE MATURITY DEBT-TO- COUPON OLTV
PERIODIC CAP (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
1.000 601 155,001,072.24 100.00 358 38.36 7.398 601 84.90
-----------------------------------------------------------------------------------------------------------------------------
Total: 601 155,001,072.24 100.00 358 38.36 7.398 601 84.90
-----------------------------------------------------------------------------------------------------------------------------
Group III Mortgage Loan Statistics
The Group III Mortgage Loans consist of 425 fixed-rate Mortgage Loans
having an aggregate principal balance as of the Cut-off Date of approximately
$85,317,940.53, after application of scheduled payments due on or before the
Cut-off Date whether or not received and application of all unscheduled payments
of principal received prior to the Calculation Date. None of the Group III
Mortgage Loans had a first Due Date prior to October 2003 or after April 2004,
or will have a remaining term to stated maturity of less than 174 months or
greater than 360 months as of the Cut-off Date. The latest maturity date of any
Group III Mortgage Loan is March 2034. The Group III Mortgage Loans are expected
to have the characteristics set forth in the following tables as of the Cut-off
Date (the sum in any column may not equal the total indicated due to rounding).
- 28 -
-----------------------------------------------------------------------------------------------------------------------------
Collateral Type
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Fixed Rate 425 85,317,940.53 100.00 343 38.79 6.89 643 81.81
-----------------------------------------------------------------------------------------------------------------------------
Total: 425 85,317,940.53 100.00 343 38.79 6.89 643 81.81
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Principal Balances at Origination
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL REMAINING
RANGE OF NUMBER OF BALANCE LOANS % OF PRINCIPAL TERM TO DEBT-TO- GROSS
PRINCIPAL BALANCES MORTGAGE AS OF BALANCE AS OF MATURITY INCOME COUPON OLTV
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (months)* (%)* (%)* FICO* (%)*
-----------------------------------------------------------------------------------------------------------------------------
50,001 - 100,000 130 10,198,354.00 11.93 330 36.99 7.934 614 82.07
100,001 - 150,000 92 11,269,709.00 13.18 342 38.17 7.665 619 82.89
150,001 - 200,000 47 8,135,830.00 9.52 339 39.78 7.449 625 85.58
200,001 - 250,000 29 6,412,960.00 7.50 334 38.35 7.040 628 81.34
250,001 - 300,000 19 5,197,509.00 6.08 350 34.23 7.004 637 85.48
300,001 - 350,000 19 6,331,050.00 7.41 345 40.75 6.686 655 83.12
350,001 - 400,000 38 14,365,900.00 16.81 353 40.14 6.485 655 82.59
400,001 - 450,000 25 10,685,628.00 12.50 358 42.49 5.914 674 79.04
450,001 - 500,000 24 11,621,550.00 13.60 346 35.28 6.289 660 78.17
600,001 - 650,000 2 1,263,000.00 1.48 208 49.06 6.123 697 74.36
-----------------------------------------------------------------------------------------------------------------------------
Total: 425 85,481,490.00 100.00 343 38.79 6.89 643 81.81
-----------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
- 29 -
-----------------------------------------------------------------------------------------------------------------------------
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 - 100,000.00 130 10,175,915.31 11.93 331 36.99 7.935 614 82.07
100,000.01 - 150,000.00 93 11,397,532.31 13.36 340 38.05 7.638 620 82.92
150,000.01 - 200,000.00 46 7,972,016.87 9.34 342 39.99 7.485 624 85.59
200,000.01 - 250,000.00 29 6,399,558.44 7.50 334 38.35 7.040 628 81.35
250,000.01 - 300,000.00 20 5,490,435.28 6.44 350 34.44 7.058 638 85.99
300,000.01 - 350,000.00 18 6,017,277.30 7.05 344 40.89 6.621 654 82.54
350,000.01 - 400,000.00 38 14,337,779.74 16.81 353 40.14 6.485 655 82.60
400,000.01 - 450,000.00 25 10,667,971.60 12.50 358 42.49 5.914 674 79.03
450,000.01 - 500,000.00 24 11,602,043.18 13.60 346 35.29 6.289 660 78.17
600,000.01 - 650,000.00 2 1,257,410.50 1.47 208 49.05 6.122 697 74.35
-----------------------------------------------------------------------------------------------------------------------------
Total: 425 85,317,940.53 100.00 343 38.79 6.89 643 81.81
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
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 ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
121 - 180 31 4,656,706.63 5.46 178 37.21 7.170 624 78.23
181 - 240 21 3,943,138.41 4.62 238 42.21 6.659 626 75.13
301 - 360 373 76,718,095.49 89.92 358 38.71 6.885 645 82.37
-----------------------------------------------------------------------------------------------------------------------------
Total: 425 85,317,940.53 100.00 343 38.79 6.89 643 81.81
-----------------------------------------------------------------------------------------------------------------------------
- 30 -
-----------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
RANGE OF CURRENT MORTGAGE MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RATES (%) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 28 11,342,719.93 13.29 347 41.97 5.334 702 72.83
5.500 - 5.999 34 10,888,990.93 12.76 344 38.22 5.723 675 77.75
6.000 - 6.499 40 10,454,839.93 12.25 349 40.56 6.219 640 81.08
6.500 - 6.999 73 16,077,942.18 18.84 342 37.25 6.778 649 83.72
7.000 - 7.499 62 10,463,880.93 12.26 338 38.26 7.250 625 83.41
7.500 - 7.999 74 12,669,002.39 14.85 336 38.99 7.720 622 85.79
8.000 - 8.499 50 6,621,886.12 7.76 338 35.90 8.192 605 87.67
8.500 - 8.999 20 2,317,242.02 2.72 358 39.84 8.765 599 84.24
9.000 - 9.499 27 2,893,372.13 3.39 342 38.28 9.177 597 86.12
9.500 - 9.999 9 993,466.44 1.16 358 35.25 9.554 568 86.36
10.000 - 10.499 2 128,837.45 0.15 270 39.46 10.050 551 79.42
10.500 - 10.999 1 62,201.89 0.07 358 41.00 10.650 511 75.00
11.500 - 11.999 4 323,779.55 0.38 358 44.88 11.821 535 69.56
12.000 - 12.499 1 79,778.64 0.09 359 21.00 12.300 510 70.00
-----------------------------------------------------------------------------------------------------------------------------
Total: 425 85,317,940.53 100.00 343 38.79 6.89 643 81.81
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
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 ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
25.001 - 30.000 2 568,706.86 0.67 358 39.33 5.583 721 26.32
40.001 - 45.000 1 348,652.32 0.41 238 34.00 7.000 559 42.95
45.001 - 50.000 3 342,239.25 0.40 335 25.29 6.304 648 48.04
50.001 - 55.000 7 757,223.68 0.89 358 33.90 7.048 630 52.55
55.001 - 60.000 6 834,850.88 0.98 256 42.48 7.580 561 58.36
60.001 - 65.000 17 3,766,840.33 4.42 335 38.47 6.183 646 63.49
65.001 - 70.000 23 5,564,029.26 6.52 333 35.30 6.456 651 68.21
70.001 - 75.000 41 9,317,057.15 10.92 331 43.07 6.352 652 73.24
75.001 - 80.000 84 18,955,066.62 22.22 347 38.58 6.654 649 79.03
80.001 - 85.000 56 10,021,032.97 11.75 339 35.77 7.090 619 84.60
85.001 - 90.000 105 19,028,269.52 22.30 353 38.89 7.128 640 89.44
90.001 - 95.000 80 15,813,971.69 18.54 345 40.01 7.412 650 94.61
-----------------------------------------------------------------------------------------------------------------------------
Total: 425 85,317,940.53 100.00 343 38.79 6.89 643 81.81
-----------------------------------------------------------------------------------------------------------------------------
- 31 -
-----------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
500 - 519 8 861,280.97 1.01 321 26.00 8.529 507 71.68
520 - 539 18 2,595,932.13 3.04 350 39.12 8.416 531 79.95
540 - 559 30 3,911,155.69 4.58 318 35.85 8.135 551 75.03
560 - 579 37 4,840,792.33 5.67 320 41.09 7.641 570 81.78
580 - 599 41 6,986,696.22 8.19 341 39.33 7.500 587 82.03
600 - 619 57 11,915,944.27 13.97 351 38.18 6.993 609 81.77
620 - 639 49 10,340,628.02 12.12 350 42.41 6.784 629 86.48
640 - 659 57 11,685,463.49 13.70 343 37.67 6.927 650 84.90
660 - 679 42 10,288,478.07 12.06 337 39.22 6.443 670 81.81
680 - 699 35 7,715,732.41 9.04 345 36.30 6.646 688 81.98
700 - 719 15 4,570,077.07 5.36 330 37.72 5.998 711 81.02
720 - 739 10 1,599,732.01 1.88 358 41.37 6.305 732 66.22
740 - 759 15 5,248,103.15 6.15 358 39.35 5.928 748 79.65
760 - 779 9 2,448,837.16 2.87 354 40.83 5.981 770 79.83
780 - 799 2 309,087.54 0.36 359 28.95 7.130 797 75.98
-----------------------------------------------------------------------------------------------------------------------------
Total: 425 85,317,940.53 100.00 343 38.79 6.890 643 81.81
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
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 ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
<= 20.000 27 4,825,386.84 5.66 334 13.89 7.334 628 80.30
20.001 - 25.000 21 4,676,653.26 5.48 356 23.07 6.916 639 82.43
25.001 - 30.000 30 4,937,737.09 5.79 323 28.44 7.030 663 81.33
30.001 - 35.000 69 12,954,802.31 15.18 346 33.46 6.760 641 79.51
35.001 - 40.000 72 13,723,191.00 16.08 344 38.02 7.037 650 83.61
40.001 - 45.000 95 20,705,977.86 24.27 351 43.10 6.720 648 81.79
45.001 - 50.000 96 20,142,693.79 23.61 342 48.09 6.895 634 84.03
50.001 - 55.000 15 3,351,498.38 3.93 303 52.98 6.931 642 72.10
-----------------------------------------------------------------------------------------------------------------------------
Total: 425 85,317,940.53 100.00 343 38.79 6.890 643 81.81
-----------------------------------------------------------------------------------------------------------------------------
- 32 -
-----------------------------------------------------------------------------------------------------------------------------
Geographic Distribution
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
STATE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
California 66 27,786,981.14 32.57 348 40.94 6.001 670 78.86
Florida 71 9,718,786.03 11.39 329 36.68 7.451 634 82.10
New York 30 8,640,327.07 10.13 348 40.30 6.722 666 84.35
Texas 38 4,424,177.52 5.19 335 35.81 7.735 609 80.70
Illinois 22 3,651,607.81 4.28 334 33.94 7.759 627 84.16
Maryland 15 3,520,679.21 4.13 358 37.78 7.153 610 85.34
Arizona 19 2,722,176.54 3.19 312 36.41 6.994 626 83.49
Washington 10 2,697,687.05 3.16 358 37.21 6.512 617 78.33
Massachusetts 9 2,481,409.73 2.91 357 41.40 7.243 658 83.28
Pennsylvania 16 2,431,756.59 2.85 312 35.78 7.585 603 82.50
Connecticut 8 1,626,925.55 1.91 332 37.63 7.162 627 83.75
Nevada 9 1,610,707.83 1.89 334 31.74 7.288 607 82.56
Missouri 14 1,433,306.13 1.68 345 39.26 8.139 616 89.09
New Jersey 4 1,148,425.39 1.35 333 37.57 7.101 680 76.35
Georgia 7 1,027,655.90 1.20 331 37.69 7.761 613 87.01
Ohio 11 967,657.80 1.13 345 42.08 7.794 612 86.02
Hawaii 3 931,303.48 1.09 358 32.39 6.256 650 78.27
Tennessee 7 929,219.86 1.09 359 39.62 7.714 610 90.71
Rhode Island 4 885,851.76 1.04 358 50.38 7.150 612 75.4
North Carolina 8 772,697.31 0.91 343 41.43 8.530 625 85.71
Other 54 5,908,600.83 6.93 347 38.49 7.650 619 85.25
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Total: 425 85,317,940.53 100.00 343 38.79 6.890 643 81.81
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- 33 -
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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 ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Owner Occupied 365 76,526,377.12 89.70 342 39.34 6.808 640 81.58
Non-Owner Occupied 50 6,470,236.37 7.58 349 33.02 7.984 664 84.15
Second Home 10 2,321,327.04 2.72 353 36.48 6.540 673 82.99
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Total: 425 85,317,940.53 100.00 343 38.79 6.890 643 81.81
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* Based on mortgagor representation at origination.
-----------------------------------------------------------------------------------------------------------------------------
Documentation Type
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Full Documentation 306 61,136,676.29 71.66 342 40.35 6.681 642 80.84
Stated Documentation 99 20,136,858.24 23.60 347 36.05 7.443 654 84.70
Limited Documentation 20 4,044,406.00 4.74 329 28.81 7.297 599 82.03
-----------------------------------------------------------------------------------------------------------------------------
Total: 425 85,317,940.53 100.00 343 38.79 6.89 643 81.81
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-----------------------------------------------------------------------------------------------------------------------------
Loan Purpose
-----------------------------------------------------------------------------------------------------------------------------
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
Consolidation Cash Out** 295 61,355,303.20 71.91 339 39.22 6.791 636 81.19
Purchase 101 18,147,093.32 21.27 356 37.59 7.378 656 85.53
Refinance-Debt Consolidation
No Cash Out*** 29 5,815,544.01 6.82 340 38.00 6.417 671 76.74
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Total: 425 85,317,940.53 100.00 343 38.79 6.890 643 81.81
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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 $2,000 of the original principal balance of the related
loan. Excludes home equity loans originated in Texas with any cash
proceeds.
- 34 -
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Credit Grade
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
RISK CATEGORY LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
1 329 69,836,842.87 81.85 343 38.67 6.759 653 82.36
2 33 6,472,752.34 7.59 337 39.67 6.863 622 81.20
3 27 3,549,134.42 4.16 342 35.43 7.778 588 80.76
4 18 2,626,964.54 3.08 330 36.43 7.649 579 74.41
5 11 1,326,098.10 1.55 343 46.65 8.540 567 70.40
6 3 269,922.63 0.32 359 40.24 11.998 528 66.87
A 3 1,077,398.18 1.26 358 46.47 7.127 620 90.12
C 1 158,827.45 0.19 358 49.00 9.050 578 75.00
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Total: 425 85,317,940.53 100.00 343 38.79 6.890 643 81.81
-----------------------------------------------------------------------------------------------------------------------------
* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company,
LLC.
-----------------------------------------------------------------------------------------------------------------------------
Property 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
PROPERTY TYPE LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
Single Family Detached 333 67,916,613.33 79.60 340 38.90 6.804 642 81.15
Two-to-Four Family 32 7,483,827.66 8.77 355 37.21 7.181 673 84.32
PUD Detached 38 7,307,927.63 8.57 355 39.52 7.152 627 85.11
Condominium 10 1,221,833.33 1.43 359 40.17 7.391 642 85.55
Manufactured Housing 10 1,038,167.50 1.22 347 41.10 7.402 616 78.85
Single Family Attached 1 275,688.32 0.32 356 17.00 9.400 585 85.00
PUD Attached 1 73,882.76 0.09 357 48.00 6.100 631 74.10
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Total: 425 85,317,940.53 100.00 343 38.79 6.89 643 81.81
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Prepayment Charge Term
-----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF PRINCIPAL REMAINING
NUMBER OF BALANCE BALANCE AS OF TERM TO GROSS
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE THE CUT-OFF MATURITY DEBT-TO- COUPON OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE ($) DATE (months) INCOME (%) (%) FICO (%)
-----------------------------------------------------------------------------------------------------------------------------
0 94 14,713,760.83 17.25 343 36.44 7.554 619 82.67
12 36 9,745,467.77 11.42 349 41.35 6.798 659 83.71
24 20 3,370,362.65 3.95 345 39.78 7.352 619 80.28
36 275 57,488,349.28 67.38 341 38.89 6.709 648 81.36
-----------------------------------------------------------------------------------------------------------------------------
Total: 425 85,317,940.53 100.00 343 38.79 6.890 643 81.81
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
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 330 45,869,567.18 53.76 340 37.95 7.441 628 83.51
Non-Conforming 95 39,448,373.35 46.24 346 39.76 6.250 661 79.84
-----------------------------------------------------------------------------------------------------------------------------
Total: 425 85,317,940.53 100.00 343 38.79 6.890 643 81.81
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