Contract
EXHIBIT
99.2
IndyMac
ABS, Inc. (the “Depositor”) has purchased mortgage loans from IndyMac Bank,
F.S.B. (“IndyMac Bank”) pursuant to a pooling and servicing agreement, dated as
of March 1, 2007, among IndyMac Bank, as seller and servicer, the Depositor
and
Deutsche Bank National Trust Company as the trustee (the “Trustee”). And
assigned to the Trustee for the benefit of holders of the certificates the
mortgage loans (the “Closing Date Mortgage Loans”). Pursuant to each subsequent
transfer instrument, the trust acquired subsequent mortgage loans (the
“Subsequent Mortgage Loans” and together with the Closing Date Mortgage Loans,
the “Mortgage Loans”) included in the mortgage pool. The Mortgage Loans have an
aggregate principal balance as of the subsequent cut-off date of approximately
$109,988,864.
The
Mortgage Loans consist of 82.13% adjustable-rate and 17.87% fixed-rate mortgage
loans having aggregate principal balances as of the subsequent cut-off date
of
approximately $90,329,930 and $19,658,934, respectively, after application
of
scheduled payments due on or before the cut-off date whether or not received
and
application of all unscheduled payments of principal received prior to the
subsequent cut-off date, and subject to a permitted variance of plus or minus
5%. Approximately 85.21% of the Mortgage Loans that are adjustable-rate mortgage
loans will adjust monthly after their initial adjustment date based on a
One-Year MTA index. Approximately 14.79% of the Mortgage Loans that are
adjustable-rate mortgage loans will adjust every six months after their initial
adjustment date based on a 6-month LIBOR index. The Mortgage Loans have the
additional characteristics set forth in Annex II below as of the subsequent
cut-off date (the sum in any column may not equal the total indicated due to
rounding).
ANNEX
II
CLOSING
DATE
Mortgage Loans And Subsequent Mortgage Loans
CURRENT
PRINCIPAL BALANCE
(Mortgage
Loans)
1
|
Range
of
Current
Mortgage Loan
Principal
Balance ($)
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
0.01
- 25,000.00
|
11
|
$
|
219,461.97
|
0.20
|
%
|
$
|
19,951.09
|
7.788
|
%
|
695
|
88.17
|
%
|
|||||||||||
|
25,000.01
- 50,000.00
|
65
|
2,456,179.54
|
2.23
|
37,787.38
|
7.858
|
715
|
85.40
|
||||||||||||||||
|
50,000.01
- 75,000.00
|
71
|
4,409,695.15
|
4.01
|
62,108.38
|
7.422
|
724
|
84.28
|
||||||||||||||||
|
75,000.01
- 100,000.00
|
61
|
5,230,416.69
|
4.76
|
85,744.54
|
7.473
|
725
|
86.75
|
||||||||||||||||
|
100,000.01
- 200,000.00
|
184
|
26,907,525.05
|
24.46
|
146,236.55
|
7.335
|
732
|
86.10
|
||||||||||||||||
|
200,000.01
- 300,000.00
|
91
|
22,792,502.83
|
20.72
|
250,467.06
|
7.338
|
723
|
85.87
|
||||||||||||||||
|
300,000.01
- 400,000.00
|
58
|
20,012,738.50
|
18.2
|
345,047.22
|
6.985
|
735
|
86.63
|
||||||||||||||||
|
400,000.01
- 500,000.00
|
34
|
15,693,620.54
|
14.27
|
461,577.07
|
7.537
|
733
|
80.26
|
||||||||||||||||
|
500,000.01
- 600,000.00
|
6
|
3,289,800.00
|
2.99
|
548,300.00
|
7.418
|
735
|
80.00
|
||||||||||||||||
|
600,000.01
- 700,000.00
|
6
|
3,861,900.00
|
3.51
|
643,650.00
|
6.801
|
701
|
69.60
|
||||||||||||||||
|
700,000.01
- 800,000.00
|
3
|
2,220,773.57
|
2.02
|
740,257.86
|
6.946
|
738
|
74.65
|
||||||||||||||||
|
800,000.01
- 900,000.00
|
2
|
1,675,500.00
|
1.52
|
837,750.00
|
5.875
|
761
|
72.46
|
||||||||||||||||
|
1,000,000.01
and greater
|
1
|
1,218,750.00
|
1.11
|
1,218,750.00
|
5.875
|
709
|
75.00
|
||||||||||||||||
|
Total….
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
_________________
1 The
values in all tables in this Annex II are calculated as of March 1, 2007 for
the
Closing Date Mortgage Loans and as of April 1, 2007 for the Subsequent Mortgage
Loans (together, the “Cut-off Dates”).
As
of the
Cut-off Dates,
the average current principal balance of the Mortgage Loans was approximately
$185,479.
MORTGAGE
LOAN TYPE
(Mortgage
Loans)
|
Mortgage
Loan Type
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
1
Year MTA 5 Year Balloon
|
131
|
$
|
20,338,314.57
|
18.49
|
%
|
$
|
155,254.31
|
6.220
|
%
|
730
|
84.49
|
%
|
|||||||||||
|
1
Year MTA 5 Year Balloon IO
|
264
|
56,630,827.55
|
51.49
|
214,510.71
|
6.266
|
729
|
84.03
|
||||||||||||||||
|
6
Month Libor 5 Year Balloon
|
24
|
2,463,997.68
|
2.24
|
102,666.57
|
9.303
|
737
|
78.65
|
||||||||||||||||
|
6
Month Libor 5 Year Balloon IO
|
74
|
10,896,790.53
|
9.91
|
147,253.93
|
9.329
|
732
|
84.20
|
||||||||||||||||
|
Fixed
2 Year Balloon
|
38
|
6,582,284.57
|
5.98
|
173,218.02
|
9.417
|
719
|
81.84
|
||||||||||||||||
|
Fixed
2 Year Balloon IO
|
62
|
13,076,648.94
|
11.89
|
210,913.69
|
9.992
|
731
|
84.49
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
MORTGAGE
RATE
(Mortgage
Loans)
|
Current
Gross Mortgage
Rate
(%)
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
3.000
- 3.999
|
11
|
$
|
2,320,568.04
|
2.11
|
%
|
$
|
210,960.73
|
3.850
|
%
|
732
|
69.75
|
%
|
|||||||||||
|
4.000
- 4.999
|
47
|
6,758,864.41
|
6.15
|
143,805.63
|
4.784
|
736
|
86.52
|
||||||||||||||||
|
5.000
- 5.999
|
96
|
25,105,983.22
|
22.83
|
261,520.66
|
5.833
|
732
|
77.04
|
||||||||||||||||
|
6.000
- 6.999
|
231
|
41,126,189.48
|
37.39
|
178,035.45
|
6.796
|
725
|
88.92
|
||||||||||||||||
|
7.000
- 7.999
|
15
|
3,106,180.00
|
2.82
|
207,078.67
|
7.598
|
727
|
80.72
|
||||||||||||||||
|
8.000
- 8.999
|
45
|
6,766,502.32
|
6.15
|
150,366.72
|
8.529
|
726
|
78.44
|
||||||||||||||||
|
9.000
- 9.999
|
75
|
12,303,445.23
|
11.19
|
164,045.94
|
9.406
|
732
|
82.86
|
||||||||||||||||
|
10.000
- 10.999
|
55
|
9,227,895.31
|
8.39
|
167,779.91
|
10.449
|
732
|
87.44
|
||||||||||||||||
|
11.000
- 11.999
|
14
|
2,503,825.83
|
2.28
|
178,844.70
|
11.26
|
730
|
86.80
|
||||||||||||||||
|
12.000
- 12.999
|
3
|
715,410.00
|
0.65
|
238,470.00
|
12.596
|
740
|
90.00
|
||||||||||||||||
|
13.000
- 13.999
|
1
|
54,000.00
|
0.05
|
54,000.00
|
13.25
|
665
|
90.00
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
As
of the Cut-off Dates, the lowest mortgage rate of the Mortgage Loans was 3.625%,
the highest mortgage rate of the Mortgage Loans was 13.250% and the weighted
average mortgage rate of the Mortgage Loans was approximately
7.261%.
FICO
SCORE
(Mortgage
Loans)
|
FICO
Score
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
600
- 619
|
1
|
$
|
276,800.00
|
0.25
|
%
|
$
|
276,800.00
|
5.875
|
%
|
604
|
80.00
|
%
|
|||||||||||
|
620
- 639
|
5
|
671,656.80
|
0.61
|
134,331.36
|
7.666
|
632
|
86.07
|
||||||||||||||||
|
640
- 659
|
10
|
1,219,085.00
|
1.11
|
121,908.50
|
6.405
|
649
|
81.71
|
||||||||||||||||
|
660
- 679
|
43
|
5,571,293.73
|
5.07
|
129,564.97
|
7.014
|
670
|
82.77
|
||||||||||||||||
|
680
- 699
|
105
|
17,046,703.29
|
15.5
|
162,349.56
|
7.391
|
689
|
84.55
|
||||||||||||||||
|
700
- 719
|
110
|
23,641,918.06
|
21.49
|
214,926.53
|
7.275
|
708
|
83.73
|
||||||||||||||||
|
720
- 739
|
93
|
16,987,281.63
|
15.44
|
182,658.94
|
7.529
|
730
|
84.56
|
||||||||||||||||
|
740
- 759
|
95
|
18,889,532.06
|
17.17
|
198,837.18
|
6.956
|
750
|
85.43
|
||||||||||||||||
|
760
- 779
|
61
|
12,195,608.84
|
11.09
|
199,928.01
|
7.117
|
768
|
84.12
|
||||||||||||||||
|
780
- 799
|
53
|
11,451,490.42
|
10.41
|
216,065.86
|
7.491
|
788
|
80.89
|
||||||||||||||||
|
800
- 819
|
17
|
2,037,494.01
|
1.85
|
119,852.59
|
7.396
|
806
|
82.50
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
As
of the Cut-off Dates, the weighted average FICO score of the Mortgage Loans
was
approximately 729.
ORIGINAL
BALLOON TERM
(Mortgage
Loans)
|
Original
Balloon Term (months)
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
24
|
100
|
$
|
19,658,933.51
|
17.87
|
%
|
$
|
196,589.34
|
9.799
|
%
|
727
|
83.60
|
%
|
|||||||||||
|
60
|
493
|
90,329,930.33
|
82.13
|
183,225.01
|
6.708
|
730
|
84.01
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
As
of the Cut-off Dates, the weighted average original balloon term of the Mortgage
Loans was approximately 54 months.
REMAINING
BALLOON TERM
(Mortgage
Loans)
|
Range
of Remaining Balloon Term (months)
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
13
- 24
|
100
|
$
|
19,658,933.51
|
17.87
|
%
|
$
|
196,589.34
|
9.799
|
%
|
727
|
83.60
|
%
|
|||||||||||
|
49
- 60
|
493
|
90,329,930.33
|
82.13
|
183,225.01
|
6.708
|
730
|
84.01
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
As
of the Cut-off Dates, the weighted average remaining balloon term of the
Mortgage Loans was approximately 53 months.
ORIGINAL
LOAN-TO-VALUE RATIOS
(Mortgage
Loans)
|
Original
Loan-to-value
Ratios (%)
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
0.01
- 40.00
|
4
|
$
|
471,513.00
|
0.43
|
%
|
$
|
117,878.25
|
6.491
|
%
|
723
|
37.79
|
%
|
|||||||||||
|
40.01
- 45.00
|
1
|
57,500.00
|
0.05
|
57,500.00
|
9.000
|
727
|
41.82
|
||||||||||||||||
|
45.01
- 50.00
|
5
|
1,666,500.00
|
1.52
|
333,300.00
|
6.290
|
773
|
49.06
|
||||||||||||||||
|
50.01
- 55.00
|
6
|
662,558.04
|
0.60
|
110,426.34
|
6.570
|
743
|
51.93
|
||||||||||||||||
|
55.01
- 60.00
|
3
|
992,000.00
|
0.90
|
330,666.67
|
6.739
|
736
|
56.09
|
||||||||||||||||
|
60.01
- 65.00
|
7
|
1,687,326.97
|
1.53
|
241,046.71
|
7.099
|
730
|
64.88
|
||||||||||||||||
|
65.01
- 70.00
|
15
|
4,873,940.15
|
4.43
|
324,929.34
|
6.491
|
732
|
69.51
|
||||||||||||||||
|
70.01
- 75.00
|
20
|
6,919,055.39
|
6.29
|
345,952.77
|
6.499
|
720
|
74.18
|
||||||||||||||||
|
75.01
- 80.00
|
100
|
20,689,673.16
|
18.81
|
206,896.73
|
7.050
|
727
|
79.96
|
||||||||||||||||
|
80.01
- 85.00
|
29
|
8,903,146.54
|
8.09
|
307,005.05
|
7.385
|
723
|
84.62
|
||||||||||||||||
|
85.01
- 90.00
|
401
|
62,305,028.59
|
56.65
|
155,374.14
|
7.512
|
730
|
89.88
|
||||||||||||||||
|
90.01
- 95.00
|
2
|
760,622.00
|
0.69
|
380,311.00
|
6.875
|
775
|
93.51
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
As
of the Cut-off Dates, the weighted average original loan-to-value ratio of
the
Mortgage Loans was approximately 83.94%.
LOAN
PURPOSE
(Mortgage
Loans)
|
Loan
Purpose
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
Purchase
|
582
|
$
|
108,233,434.84
|
98.40
|
%
|
$
|
185,968.10
|
7.277
|
%
|
729
|
84.33
|
%
|
|||||||||||
|
Rate/Term
Refinance
|
11
|
1,755,429.00
|
1.60
|
159,584.45
|
6.257
|
726
|
59.60
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
STATE
(Mortgage
Loans)
|
State
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
California
|
159
|
$
|
40,792,993.65
|
37.09
|
%
|
$
|
256,559.71
|
6.670
|
%
|
727
|
80.20
|
%
|
|||||||||||
|
Florida
|
51
|
7,335,361.44
|
6.67
|
143,830.62
|
7.431
|
724
|
87.79
|
||||||||||||||||
|
Utah
|
29
|
6,939,245.89
|
6.31
|
239,284.34
|
8.471
|
747
|
88.24
|
||||||||||||||||
|
Washington
|
47
|
6,811,170.38
|
6.19
|
144,918.52
|
7.859
|
730
|
86.91
|
||||||||||||||||
|
Colorado
|
27
|
5,182,754.33
|
4.71
|
191,953.86
|
8.200
|
733
|
86.33
|
||||||||||||||||
|
Hawaii
|
18
|
5,142,450.00
|
4.68
|
285,691.67
|
6.962
|
727
|
81.57
|
||||||||||||||||
|
Texas
|
42
|
4,431,376.06
|
4.03
|
105,508.95
|
7.539
|
716
|
85.73
|
||||||||||||||||
|
Arizona
|
22
|
4,185,030.00
|
3.80
|
190,228.64
|
7.417
|
729
|
89.12
|
||||||||||||||||
|
North
Carolina
|
28
|
3,333,348.12
|
3.03
|
119,048.15
|
7.597
|
733
|
88.28
|
||||||||||||||||
|
Nevada
|
11
|
2,947,155.00
|
2.68
|
267,923.18
|
8.536
|
747
|
83.36
|
||||||||||||||||
|
Georgia
|
21
|
2,783,146.03
|
2.53
|
132,530.76
|
6.273
|
724
|
85.78
|
||||||||||||||||
|
Illinois
|
13
|
2,280,910.41
|
2.07
|
175,454.65
|
6.986
|
712
|
89.70
|
||||||||||||||||
|
Idaho
|
12
|
2,027,146.49
|
1.84
|
168,928.87
|
6.581
|
739
|
81.07
|
||||||||||||||||
|
New
York
|
10
|
1,987,571.72
|
1.81
|
198,757.17
|
7.837
|
725
|
81.21
|
||||||||||||||||
|
South
Carolina
|
12
|
1,981,216.45
|
1.80
|
165,101.37
|
7.990
|
728
|
86.18
|
||||||||||||||||
|
Minnesota
|
6
|
1,481,779.00
|
1.35
|
246,963.17
|
7.183
|
712
|
89.70
|
||||||||||||||||
|
Virginia
|
7
|
1,467,194.89
|
1.33
|
209,599.27
|
7.017
|
722
|
82.60
|
||||||||||||||||
|
New
Jersey
|
5
|
1,157,950.00
|
1.05
|
231,590.00
|
7.457
|
760
|
79.18
|
||||||||||||||||
|
Oregon
|
8
|
864,098.00
|
0.79
|
108,012.25
|
7.217
|
729
|
89.12
|
||||||||||||||||
|
Tennessee
|
7
|
839,983.81
|
0.76
|
119,997.69
|
5.717
|
716
|
86.51
|
||||||||||||||||
|
Maryland
|
4
|
591,109.01
|
0.54
|
147,777.25
|
8.374
|
728
|
79.10
|
||||||||||||||||
|
New
Mexico
|
5
|
554,850.00
|
0.50
|
110,970.00
|
9.266
|
736
|
90.00
|
||||||||||||||||
|
Missouri
|
7
|
518,610.00
|
0.47
|
74,087.14
|
8.398
|
724
|
89.45
|
||||||||||||||||
|
Indiana
|
1
|
488,800.00
|
0.44
|
488,800.00
|
5.875
|
757
|
80.00
|
||||||||||||||||
|
Louisiana
|
6
|
462,044.00
|
0.42
|
77,007.33
|
7.092
|
744
|
88.01
|
||||||||||||||||
|
Massachusetts
|
3
|
428,500.00
|
0.39
|
142,833.33
|
9.123
|
721
|
79.28
|
||||||||||||||||
|
Connecticut
|
3
|
414,000.00
|
0.38
|
138,000.00
|
6.707
|
734
|
90.00
|
||||||||||||||||
|
Montana
|
1
|
348,500.00
|
0.32
|
348,500.00
|
10.375
|
794
|
87.50
|
||||||||||||||||
|
Maine
|
3
|
307,524.94
|
0.28
|
102,508.31
|
8.148
|
747
|
86.23
|
||||||||||||||||
|
Wisconsin
|
3
|
273,510.00
|
0.25
|
91,170.00
|
6.875
|
769
|
90.00
|
||||||||||||||||
|
Oklahoma
|
3
|
222,259.92
|
0.20
|
74,086.64
|
6.875
|
686
|
90.00
|
||||||||||||||||
|
Ohio
|
1
|
210,500.00
|
0.19
|
210,500.00
|
7.500
|
707
|
90.00
|
||||||||||||||||
|
Michigan
|
2
|
172,532.76
|
0.16
|
86,266.38
|
8.811
|
679
|
74.10
|
||||||||||||||||
|
New
Hampshire
|
2
|
170,000.00
|
0.15
|
85,000.00
|
9.169
|
673
|
89.95
|
||||||||||||||||
|
Alaska
|
1
|
144,900.00
|
0.13
|
144,900.00
|
7.875
|
787
|
90.00
|
||||||||||||||||
|
District
of Columbia
|
1
|
128,790.00
|
0.12
|
128,790.00
|
6.500
|
744
|
90.00
|
||||||||||||||||
|
Pennsylvania
|
3
|
113,999.69
|
0.10
|
37,999.90
|
7.378
|
700
|
90.00
|
||||||||||||||||
|
Kentucky
|
2
|
112,950.00
|
0.10
|
56,475.00
|
6.875
|
694
|
89.79
|
||||||||||||||||
|
West
Virginia
|
1
|
107,091.00
|
0.10
|
107,091.00
|
6.875
|
716
|
90.00
|
||||||||||||||||
|
Alabama
|
2
|
96,700.00
|
0.09
|
48,350.00
|
8.498
|
714
|
74.88
|
||||||||||||||||
|
Wyoming
|
1
|
50,000.00
|
0.05
|
50,000.00
|
8.625
|
772
|
72.46
|
||||||||||||||||
|
Kansas
|
1
|
40,500.00
|
0.04
|
40,500.00
|
6.875
|
799
|
90.00
|
||||||||||||||||
|
Mississippi
|
1
|
36,810.85
|
0.03
|
36,810.85
|
6.875
|
679
|
90.00
|
||||||||||||||||
|
North
Dakota
|
1
|
22,500.00
|
0.02
|
22,500.00
|
4.875
|
694
|
90.00
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
REMAINING
AMORTIZATION TERM
(Mortgage
Loans)
|
Remaining
Amortization Term (months)
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
Interest
Only
|
400
|
$
|
80,604,267.02
|
73.28
|
%
|
$
|
201,510.67
|
7.285
|
%
|
730
|
84.13
|
%
|
|||||||||||
|
349
- 360
|
193
|
29,384,596.82
|
26.72
|
152,251.80
|
7.194
|
728
|
83.41
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
As
of the Cut-off Dates, the weighted average remaining amortization term of the
Mortgage Loans was approximately 320 months.
INITIAL
PERIODIC RATE CAP
(Mortgage
Loans)
|
Initial
Periodic Rate Cap (%)
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
Fixed-Rate
|
100
|
$
|
19,658,933.51
|
17.87
|
%
|
$
|
196,589.34
|
9.799
|
%
|
727
|
83.60
|
%
|
|||||||||||
|
1.000
|
98
|
13,360,788.21
|
12.15
|
136,334.57
|
9.324
|
733
|
83.18
|
||||||||||||||||
|
5.000
|
395
|
76,969,142.12
|
69.98
|
194,858.59
|
6.254
|
729
|
84.15
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
As
of the Cut-off Dates, the weighted average initial periodic rate cap of the
Mortgage Loans that are adjustable rate mortgage loans was approximately
4.408%.
SUBSEQUENT
PERIODIC RATE CAP
(Mortgage
Loans)
|
Subsequent
Periodic Rate Cap (%)
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
Fixed-Rate
|
100
|
$
|
19,658,933.51
|
17.87
|
%
|
$
|
196,589.34
|
9.799
|
%
|
727
|
83.60
|
%
|
|||||||||||
|
1.000
|
493
|
90,329,930.33
|
82.13
|
183,225.01
|
6.708
|
730
|
84.01
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
As
of the Cut-off Dates, the weighted average subsequent periodic rate cap of
the
Mortgage Loans that are adjustable rate mortgage loans was approximately
1.000%.
MAXIMUM
MORTGAGE RATE
(Mortgage
Loans)
|
Maximum
Mortgage Rate (%)
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
Fixed-Rate
|
100
|
$
|
19,658,933.51
|
17.87
|
%
|
$
|
196,589.34
|
9.799
|
%
|
727
|
83.60
|
%
|
|||||||||||
|
9.000
- 9.999
|
11
|
2,320,568.04
|
2.11
|
210,960.73
|
3.850
|
732
|
69.75
|
||||||||||||||||
|
10.000
- 10.999
|
47
|
6,758,864.41
|
6.15
|
143,805.63
|
4.784
|
736
|
86.52
|
||||||||||||||||
|
11.000
- 11.999
|
97
|
25,129,010.19
|
22.85
|
259,061.96
|
5.835
|
732
|
77.04
|
||||||||||||||||
|
12.000
- 12.999
|
231
|
41,126,189.48
|
37.39
|
178,035.45
|
6.796
|
725
|
88.92
|
||||||||||||||||
|
13.000
- 13.999
|
6
|
1,180,600.00
|
1.07
|
196,766.67
|
7.355
|
737
|
85.21
|
||||||||||||||||
|
14.000
- 14.999
|
26
|
3,502,602.32
|
3.18
|
134,715.47
|
8.590
|
734
|
79.37
|
||||||||||||||||
|
15.000
- 15.999
|
44
|
6,785,049.23
|
6.17
|
154,205.66
|
9.320
|
734
|
81.63
|
||||||||||||||||
|
16.000
- 16.999
|
31
|
3,527,046.66
|
3.21
|
113,775.70
|
10.354
|
736
|
89.75
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
As
of the Cut-off Dates, the weighted average maximum mortgage rate of the Mortgage
Loans that are adjustable rate mortgage loans was approximately
12.707%.
MINIMUM
MORTGAGE RATE
(Mortgage
Loans)
|
Minimum
Mortgage Rate (%)
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
Fixed-Rate
|
100
|
$
|
19,658,933.51
|
17.87
|
%
|
$
|
196,589.34
|
9.799
|
%
|
727
|
83.60
|
%
|
|||||||||||
|
2.000
- 2.999
|
1
|
672,000.00
|
0.61
|
672,000.00
|
5.875
|
718
|
56.00
|
||||||||||||||||
|
3.000
- 3.999
|
47
|
7,206,659.49
|
6.55
|
153,333.18
|
7.620
|
746
|
65.52
|
||||||||||||||||
|
4.000
- 4.999
|
130
|
30,638,213.91
|
27.86
|
235,678.57
|
6.593
|
732
|
80.55
|
||||||||||||||||
|
5.000
- 5.999
|
293
|
48,802,633.85
|
44.37
|
166,561.89
|
6.661
|
728
|
88.91
|
||||||||||||||||
|
6.000
- 6.999
|
9
|
1,167,995.00
|
1.06
|
129,777.22
|
6.522
|
695
|
89.56
|
||||||||||||||||
|
7.000
- 7.999
|
9
|
1,329,471.28
|
1.21
|
147,719.03
|
6.686
|
729
|
91.04
|
||||||||||||||||
|
8.000
- 8.999
|
4
|
512,956.80
|
0.47
|
128,239.20
|
6.875
|
633
|
90.00
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
As
of the Cut-off Dates, the weighted average minimum mortgage rate of the Mortgage
Loans that are adjustable rate mortgage loans was approximately
4.882%.
NEXT
RATE ADJUSTMENT DATE
(Mortgage
Loans)
|
Next
Rate Adjustment Date
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
Fixed-Rate
|
100
|
$
|
19,658,933.51
|
17.87
|
%
|
$
|
196,589.34
|
9.799
|
%
|
727
|
83.60
|
%
|
|||||||||||
|
March
1, 2007
|
1
|
157,100.77
|
0.14
|
157,100.77
|
6.875
|
706
|
90.00
|
||||||||||||||||
|
April
1, 2007
|
1
|
127,800.00
|
0.12
|
127,800.00
|
6.875
|
806
|
90.00
|
||||||||||||||||
|
May
1, 2007
|
101
|
21,382,664.38
|
19.44
|
211,709.55
|
6.399
|
734
|
84.77
|
||||||||||||||||
|
June
1, 2007
|
122
|
23,128,935.97
|
21.03
|
189,581.44
|
6.226
|
721
|
83.81
|
||||||||||||||||
|
July
1, 2007
|
156
|
29,908,551.97
|
27.19
|
191,721.49
|
6.215
|
733
|
83.70
|
||||||||||||||||
|
August
1, 2007
|
36
|
5,137,771.47
|
4.67
|
142,715.87
|
7.780
|
724
|
85.76
|
||||||||||||||||
|
September
1, 2007
|
33
|
4,123,380.00
|
3.75
|
124,950.91
|
9.134
|
728
|
80.38
|
||||||||||||||||
|
October
1, 2007
|
40
|
6,194,625.77
|
5.63
|
154,865.64
|
9.357
|
735
|
84.27
|
||||||||||||||||
|
November
1, 2007
|
3
|
169,100.00
|
0.15
|
56,366.67
|
10.038
|
744
|
87.82
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
As
of the Cut-off Dates, the weighted average number of months to the next
adjustment date for the Mortgage Loans that are adjustable rate mortgage loans
was approximately 3 months.
MARGIN
RATE
(Mortgage
Loans)
|
Range
of Margin Rate (%)
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
Fixed-Rate
|
100
|
$
|
19,658,933.51
|
17.87
|
%
|
$
|
196,589.34
|
9.799
|
%
|
727
|
83.60
|
%
|
|||||||||||
|
2.000
- 2.999
|
1
|
672,000.00
|
0.61
|
672,000.00
|
5.875
|
718
|
56.00
|
||||||||||||||||
|
3.000
- 3.999
|
47
|
7,206,659.49
|
6.55
|
153,333.18
|
7.620
|
746
|
65.52
|
||||||||||||||||
|
4.000
- 4.999
|
130
|
30,638,213.91
|
27.86
|
235,678.57
|
6.593
|
732
|
80.55
|
||||||||||||||||
|
5.000
- 5.999
|
293
|
48,802,633.85
|
44.37
|
166,561.89
|
6.661
|
728
|
88.91
|
||||||||||||||||
|
6.000
- 6.999
|
9
|
1,167,995.00
|
1.06
|
129,777.22
|
6.522
|
695
|
89.56
|
||||||||||||||||
|
7.000
- 7.999
|
9
|
1,329,471.28
|
1.21
|
147,719.03
|
6.686
|
729
|
91.04
|
||||||||||||||||
|
8.000
- 8.999
|
4
|
512,956.80
|
0.47
|
128,239.20
|
6.875
|
633
|
90.00
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
As
of the Cut-off Dates, the weighted average margin rate for the Mortgage Loans
that are adjustable rate mortgage loans was approximately 4.882%.
PREPAYMENT
PENALTY
(Mortgage
Loans)
|
Prepayment
Penalty (months)
|
Number
of Mortgage Loans
|
Aggregate
Principal
Balance Outstanding ($)
|
Percentage
of Aggregate Principal Balance of Mortgage Loans
(%)
|
Average
Current Principal Balance
|
Weighted
Average Mortgage Rate
|
Weighted
Average FICO Credit Score
|
Weighted
Average Current LTV Ratio
|
||||||||||||||||
|
0
|
374
|
$
|
69,202,164.65
|
62.92
|
%
|
$
|
185,032.53
|
7.560
|
%
|
730
|
83.35
|
%
|
|||||||||||
|
12
|
10
|
2,387,904.56
|
2.17
|
238,790.46
|
7.212
|
725
|
83.48
|
||||||||||||||||
|
24
|
4
|
389,500.00
|
0.35
|
97,375.00
|
6.971
|
723
|
76.21
|
||||||||||||||||
|
36
|
205
|
38,009,294.63
|
34.56
|
185,411.19
|
6.722
|
728
|
85.12
|
||||||||||||||||
|
Total
|
593
|
$
|
109,988,863.84
|
100.00
|
%
|
$
|
185,478.69
|
7.261
|
%
|
729
|
83.94
|
%
|
|||||||||||
