- 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 April 2, 2004 (the "Mortgage Loan
Purchase Agreement"), between the Seller and the Depositor. Pursuant to the
Pooling and Servicing Agreement, dated April 1, 2004 (the "Pooling and Servicing
Agreement"), among the Depositor, the Master Servicer and the Trustee, the
Depositor caused the Mortgage Loans to be assigned to the Trustee for the
benefit of the certificateholders.
The Mortgage Loans are 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 have
original terms to maturity of not greater than 30 years from the date on which
the first payment was due on each Mortgage Loan.
Each adjustable-rate Mortgage Loan will accrue interest at the
adjustable-rate calculated as specified under the terms of the related mortgage
note and each fixed-rate Mortgage Loan will have a Mortgage Rate that is fixed
for the life of such Mortgage (each such rate, a "Mortgage Rate").
Approximately 95.09% and approximately 4.91% 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 73.67% of the
adjustable-rate Group I Mortgage Loans and approximately 78.08% 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 26.33%
of the adjustable-rate Group I Mortgage Loans and approximately 21.92% of the
adjustable-rate Group II Mortgage Loans will occur after an initial period of
three years after origination. On each Adjustment Date for each adjustable-rate
Mortgage Loan, the Mortgage Rate thereon will be adjusted (subject to rounding)
to equal the sum of the applicable Index and a fixed percentage amount (the
"Gross Margin"). The Mortgage Rate on each adjustable-rate Mortgage Loan will
not decrease on the first related Adjustment Date, will not increase by more
than 2.000% per annum on the first related Adjustment Date (the "Initial
Periodic Rate Cap") and will not increase or decrease by more than 1.000% per
annum on any Adjustment Date thereafter (the "Periodic Rate Cap"). Each Mortgage
Rate on each adjustable-rate Mortgage Loan will not exceed a specified maximum
Mortgage Rate over the life of such Mortgage Loan (the "Maximum Mortgage Rate")
or be less than a specified minimum Mortgage Rate over the life of such Mortgage
Loan (the "Minimum Mortgage Rate"). Effective with the first monthly payment due
on each adjustable-rate Mortgage Loan after each related Adjustment Date, the
monthly payment amount will be adjusted to an amount that will amortize fully
the outstanding principal balance of the related Mortgage Loan over its
remaining term, and pay interest at the Mortgage Rate as so adjusted. Due to the
application of the Periodic Rate Caps and the Maximum Mortgage Rates, the
Mortgage Rate on each such adjustable-rate Mortgage Loan, as adjusted on any
related Adjustment Date, may be less than the sum of the Index and the related
Gross Margin, rounded as described herein. None of the adjustable-rate Mortgage
Loans permits the related mortgagor to convert the adjustable Mortgage Rate
thereon to a fixed Mortgage Rate.
The Mortgage Loans will have scheduled monthly payments due on the first
day of the month (with respect to each Mortgage Loan, a "Due Date"). Each
Mortgage Loan will contain a customary "due-on-sale" clause which provides that
(subject to state and federal restrictions) the Mortgage Loan must be repaid at
the time of sale of the related Mortgaged Property or with the consent of the
holder of the mortgage note assumed by a creditworthy purchaser of the related
Mortgaged Property.
None of the Mortgage Loans will be Buydown Mortgage Loans.
For purposes of calculating interest and principal distributions on the
Class A Certificates, the Mortgage Loans will be divided into 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 Freddie Mac and Xxxxxx Xxx 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 Freddie
Mac or Xxxxxx Xxx 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 Freddie Mac or Xxxxxx Xxx loan limits.
Approximately 75.59% of the Group I Mortgage Loans, approximately 77.53%
of the Group II Mortgage Loans and approximately 86.42% 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 each loan group, and
such amounts will not be available for distribution on the other classes of
Certificates. Under certain instances, as described under the terms of the
Pooling and Servicing Agreement, the Master Servicer may waive the payment of
any otherwise applicable prepayment charge. Investors should conduct their own
analysis of the effect, if any, that the prepayment charges, and decisions by
the Master Servicer with respect to the waiver thereof, may have on the
prepayment performance of the Mortgage Loans. The Depositor makes no
representation as to the effect that the prepayment charges, and decisions by
the Master Servicer with respect to the waiver thereof, may have on the
prepayment performance of the Mortgage Loans.
Group I Mortgage Loan Statistics
The Group I Mortgage Loans consist of 4,817 adjustable-rate and fixed-rate
Mortgage Loans having an aggregate principal balance as of the Cut-off Date of
approximately $743,875,968.82, after application of scheduled payments due on or
before the Cut-off Date whether or not received and application of all
unscheduled payments of principal received prior to the Cut-off Date. None of
the Group I Mortgage Loans had a first Due Date prior to November 2003 or after
May 2004, or will have a remaining term to stated maturity of less than 178
months or greater than 360 months as of the Cut-off Date. The latest maturity
date of any Group I Mortgage Loans is April 2034.
- 8 -
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Collateral Type
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PRINCIPAL REMAINING
NUMBER OF BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
2-yr Fixed / Adjustable-Rate 2,481 $ 383,611,206.49 51.57% 358 38.62 7.352 597 84.85
3-yr Fixed / Adjustable-Rate 868 137,087,280.23 18.43 358 38.17 7.165 608 85.25
Fixed Rate 1,468 223,177,482.10 30.00 348 38.91 6.808 627 79.75
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Total: 4,817 $ 743,875,968.82 100.00% 355 38.62 7.154 608 83.39
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Principal Balances at Origination
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REMAINING
RANGE OF NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
PRINCIPAL BALANCES MORTGAGE AS OF ORIGINATION BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
AT ORIGINATION ($) LOANS ($) ORIGINATION (months)* INCOME (%)* COUPON(%)* FICO* (%)*
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50,000.01 - 100,000.00 1,344 $ 107,784,846.00 14.47% 352 36.75 7.649 599 82.26
100,000.01 - 150,000.00 1,403 174,832,719.00 23.47 354 37.54 7.334 600 83.57
150,000.01 - 200,000.00 912 158,029,953.00 21.22 355 39.36 7.169 606 83.61
200,000.01 - 250,000.00 559 125,644,212.00 16.87 357 39.27 6.982 609 83.33
250,000.01 - 300,000.00 351 95,633,851.00 12.84 356 39.19 6.890 616 84.02
300,000.01 - 350,000.00 204 65,003,710.00 8.73 358 40.36 6.659 627 84.00
350,000.01 - 400,000.00 28 10,525,975.00 1.41 359 38.35 6.706 654 83.71
400,000.01 - 450,000.00 8 3,386,350.00 0.45 359 48.10 6.445 656 78.96
450,000.01 - 500,000.00 7 3,435,000.00 0.46 359 39.46 6.712 610 78.38
550,000.01 - 600,000.00 1 559,300.00 0.08 359 30.00 8.200 614 70.00
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Total: 4,817 $ 744,835,916.00 100.00% 355 38.62 7.154 608 83.39
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*Based on the original balances of the Mortgage Loans.
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Principal Balance as of the Cut-Off Date
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
RANGE OF PRINCIPAL BALANCES MORTGAGE AS OF THE BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
AS OF THE CUT-OFF DATE ($) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 1,347 $ 107,939,183.66 14.51% 351 36.77 7.645 599 82.21
100,000.01 - 150,000.00 1,402 174,609,069.38 23.47 354 37.54 7.337 600 83.61
150,000.01 - 200,000.00 910 157,524,978.53 21.18 355 39.35 7.169 606 83.60
200,000.01 - 250,000.00 559 125,486,154.38 16.87 357 39.27 6.982 609 83.33
250,000.01 - 300,000.00 356 97,011,294.65 13.04 356 39.27 6.875 616 83.81
300,000.01 - 350,000.00 199 63,419,676.79 8.53 358 40.27 6.677 628 84.33
350,000.01 - 400,000.00 28 10,514,045.09 1.41 359 38.35 6.706 654 83.71
400,000.01 - 450,000.00 8 3,382,085.09 0.45 359 48.10 6.445 656 78.96
450,000.01 - 500,000.00 7 3,430,541.57 0.46 359 39.46 6.712 610 78.37
550,000.01 - 600,000.00 1 558,939.68 0.08 359 30.00 8.200 614 70.00
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Total: 4,817 $ 743,875,968.82 100.00% 355 38.62 7.154 608 83.39
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Remaining Term to Maturity
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
RANGE OF MONTHS REMAINING LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
121 - 180 81 $ 9,057,713.61 1.22% 179 35.98 6.832 629 73.80
181 - 240 64 8,800,166.59 1.18 239 40.01 6.483 627 76.83
301 - 360 4,672 726,018,088.62 97.60 359 38.64 7.167 607 83.59
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Total: 4,817 $ 743,875,968.82 100.00% 355 38.62 7.154 608 83.39
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Mortgage Rate
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
RANGE OF CURRENT MORTGAGE MORTGAGE AS OF THE BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
RATES (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
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5.000 - 5.499 91 $ 19,648,402.36 2.64% 354 39.78 5.334 668 75.09
5.500 - 5.999 406 79,883,215.04 10.74 351 39.66 5.769 647 79.52
6.000 - 6.499 586 100,879,519.73 13.56 352 38.32 6.251 628 81.46
6.500 - 6.999 964 160,135,295.52 21.53 355 38.23 6.736 619 84.32
7.000 - 7.499 812 122,040,579.79 16.41 356 38.49 7.240 602 86.05
7.500 - 7.999 827 116,543,798.14 15.67 356 38.72 7.715 591 85.98
8.000 - 8.499 522 69,629,474.11 9.36 357 38.34 8.219 579 84.66
8.500 - 8.999 350 41,842,123.01 5.62 358 38.19 8.677 573 84.65
9.000 - 9.499 116 14,231,804.31 1.91 357 39.09 9.186 558 83.22
9.500 - 9.999 61 7,967,368.09 1.07 354 38.00 9.728 548 75.44
10.000 - 10.499 24 3,036,098.35 0.41 359 42.07 10.213 545 73.78
10.500 - 10.999 27 4,074,903.25 0.55 359 41.71 10.705 526 65.15
11.000 - 11.499 11 1,584,561.98 0.21 350 42.10 11.258 537 64.21
11.500 - 11.999 15 1,764,427.81 0.24 359 38.62 11.720 529 63.62
12.000 - 12.499 4 527,641.50 0.07 358 43.26 12.176 571 60.00
12.500 - 12.999 1 86,755.83 0.01 358 31.00 12.550 502 70.00
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Total: 4,817 $ 743,875,968.82 100.00% 355 38.62 7.154 608 83.39
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Original Loan-to-Value Ratios
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
RANGE OF ORIGINAL MORTGAGE AS OF THE BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Less than 25.000 10 $ 978,803.12 0.13% 346 32.54 6.612 617 22.65
25.001 - 30.000 3 267,620.65 0.04 297 30.24 7.795 555 28.13
30.001 - 35.000 5 555,194.62 0.07 358 38.19 7.472 624 32.91
35.001 - 40.000 16 1,943,071.03 0.26 323 33.47 6.814 595 37.33
40.001 - 45.000 32 5,212,840.18 0.70 349 38.76 6.455 628 42.83
45.001 - 50.000 51 6,854,493.34 0.92 344 38.00 6.819 595 48.21
50.001 - 55.000 57 8,058,134.60 1.08 344 36.62 6.753 614 52.78
55.001 - 60.000 104 16,302,312.88 2.19 354 38.78 7.427 596 58.18
60.001 - 65.000 137 22,207,744.71 2.99 350 38.46 7.053 589 63.44
65.001 - 70.000 230 36,300,314.17 4.88 352 38.50 7.389 586 68.93
70.001 - 75.000 368 57,564,960.44 7.74 355 40.03 7.254 587 74.06
75.001 - 80.000 736 113,480,158.72 15.26 353 38.49 7.021 596 79.37
80.001 - 85.000 670 101,646,924.60 13.66 356 39.22 7.050 593 84.44
85.001 - 90.000 1,408 213,157,306.99 28.65 357 37.70 7.269 611 89.69
90.001 - 95.000 990 159,346,088.77 21.42 357 39.34 7.122 638 94.78
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Total: 4,817 $743,875,968.82 100.00% 355 38.62 7.154 608 83.39
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FICO Score at Origination
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
RANGE OF FICO SCORES LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
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500 - 519 205 $ 31,397,658.63 4.22% 357 41.40 8.498 510 75.26
520 - 539 388 53,597,033.20 7.21 356 39.50 8.016 530 76.42
540 - 559 556 79,228,363.83 10.65 356 38.85 7.620 551 80.60
560 - 579 555 80,282,334.16 10.79 356 39.51 7.535 569 81.48
580 - 599 617 94,145,332.65 12.66 355 39.14 7.225 589 84.45
600 - 619 697 106,621,848.02 14.33 356 38.20 6.949 609 85.43
620 - 639 619 99,047,742.32 13.32 355 38.63 6.796 629 86.36
640 - 659 424 70,682,136.19 9.50 353 38.15 6.775 649 86.25
660 - 679 276 47,650,730.09 6.41 351 36.93 6.692 668 86.04
680 - 699 189 30,982,232.82 4.16 354 37.64 6.517 689 85.67
700 - 719 116 18,731,250.75 2.52 354 36.08 6.536 708 85.42
720 - 739 79 13,257,276.83 1.78 355 36.70 6.509 728 85.29
740 - 759 42 7,143,542.33 0.96 349 40.65 6.234 749 79.76
760 - 779 41 8,791,376.85 1.18 352 36.22 6.313 769 81.42
780 - 799 11 1,902,526.72 0.26 352 39.93 6.276 789 76.96
800 - 819 2 414,583.43 0.06 358 30.26 5.471 803 53.15
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Total: 4,817 $743,875,968.82 100.00% 355 38.62 7.154 608 83.39
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Debt-to-Income Ratio
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
RATIOS (%) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
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Less than 20.000 270 $ 37,259,241.37 5.01% 355 15.06 7.081 624 82.14
20.001 - 25.000 312 44,634,111.67 6.00 354 23.34 7.114 614 80.93
25.001 - 30.000 486 68,494,082.43 9.21 354 28.17 7.207 610 82.40
30.001 - 35.000 651 97,476,762.18 13.10 354 33.14 7.143 612 83.78
35.001 - 40.000 825 125,870,274.20 16.92 355 38.17 7.208 607 84.11
40.001 - 45.000 923 148,048,979.77 19.90 356 42.98 7.176 608 84.36
45.001 - 50.000 1,200 197,721,883.53 26.58 355 48.12 7.117 603 85.23
50.001 - 55.000 150 24,370,633.67 3.28 353 52.82 7.136 597 66.55
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Total: 4,817 $743,875,968.82 100.00% 355 38.62 7.154 608 83.39
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Geographic Distribution
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
STATE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
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California 832 $174,979,377.30 23.52% 356 39.64 6.816 615 79.67
Florida 552 77,212,408.81 10.38 353 38.71 7.187 610 85.41
Illinois 398 61,845,846.35 8.31 357 39.03 7.527 607 86.66
New York 215 49,477,121.07 6.65 354 39.67 7.081 606 78.65
Arizona 267 32,499,213.15 4.37 354 37.31 7.063 612 86.86
Texas 256 29,856,086.55 4.01 347 38.21 7.572 597 83.13
Michigan 230 25,547,294.47 3.43 357 37.58 7.520 593 86.30
Ohio 247 24,135,365.82 3.24 357 37.73 7.558 603 87.93
Maryland 126 22,049,610.35 2.96 353 38.99 7.072 600 84.84
Minnesota 127 20,944,601.35 2.82 357 37.24 7.174 607 83.17
Massachusetts 96 19,711,614.76 2.65 356 39.21 7.057 605 78.31
Colorado 98 17,509,604.87 2.35 357 40.00 6.967 607 84.79
Connecticut 101 16,912,927.71 2.27 358 38.33 7.243 610 80.97
Nevada 96 15,682,841.17 2.11 357 39.01 7.173 613 85.70
Georgia 93 14,333,568.70 1.93 355 36.99 7.205 609 86.83
Washington 80 13,719,593.52 1.84 352 39.32 7.083 618 85.67
Pennsylvania 105 13,711,039.72 1.84 350 39.67 7.215 607 84.06
Hawaii 40 11,528,862.07 1.55 352 37.79 6.100 624 81.71
Missouri 112 11,497,081.41 1.55 357 37.84 7.642 591 85.65
Wisconsin 78 9,414,043.71 1.27 357 37.78 7.576 588 86.55
Other 668 81,307,865.96 10.93 356 36.81 7.345 605 85.45
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Total: 4,817 $743,875,968.82 100.00% 355 38.62 7.154 608 83.39
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Occupancy Status
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
OCCUPATION STATUS* LOANS DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
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Owner Occupied 4,251 $668,790,276.98 89.91% 355 39.18 7.125 603 83.24
Non-Owner Occupied 533 69,928,806.70 9.40 356 33.33 7.480 652 85.23
Second Home 33 5,156,885.14 0.69 359 38.00 6.488 640 78.65
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Total: 4,817 $743,875,968.82 100.00% 355 38.62 7.154 608 83.39
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*Based on mortgagor representation at origination.
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Documentation Type
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
INCOME DOCUMENTATION LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
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Full Documentation 3,402 $507,530,354.35 68.23% 355 39.38 7.056 601 83.21
Stated Documentation 1,163 195,635,672.43 26.30 356 37.02 7.394 627 83.94
Limited Documentation 252 40,709,942.04 5.47 354 36.89 7.229 604 83.04
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Total: 4,817 $743,875,968.82 100.00% 355 38.62 7.154 608 83.39
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Loan Purpose
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
PURPOSE LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
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Refinance-Debt
Consolidation Cash Out** 3,316 $528,673,092.35 71.07% 354 38.97 7.093 601 81.62
Purchase 1,169 168,959,066.16 22.71 358 37.43 7.350 629 89.34
Refinance-Debt
Consolidation No Cash Out*** 332 46,243,810.31 6.22 352 39.09 7.137 611 81.96
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Total: 4,817 $743,875,968.82 100.00% 355 38.62 7.154 608 83.39
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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 $2,000 of the original principal balance of the
related loan. Excludes home equity loans originated in Texas with any cash
proceeds.
- 14 -
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Credit Grade
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
RISK CATEGORY LOANS DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
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I 3,220 $494,073,356.91 66.42% 355 38.31 6.919 622 85.17
II 415 66,305,534.59 8.91 356 39.00 7.170 591 82.66
III 407 60,224,704.45 8.10 355 38.17 7.327 575 82.96
IV 310 45,764,726.18 6.15 357 39.64 7.812 577 81.36
V 173 26,551,014.38 3.57 357 40.44 8.008 558 70.72
VI 81 12,012,115.82 1.61 357 41.10 10.016 547 65.90
A 147 27,955,749.23 3.76 354 38.98 7.181 614 80.04
A- 13 2,356,733.11 0.32 359 40.54 7.822 540 77.59
B 9 1,448,127.67 0.19 359 41.81 8.388 535 75.47
C 16 2,404,692.09 0.32 349 40.71 9.152 535 71.59
C- 26 4,779,214.39 0.64 358 41.03 9.012 557 80.35
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Total: 4,817 $743,875,968.82 100.00% 355 38.62 7.154 608 83.39
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* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company, LLC.
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Property Type
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
PROPERTY TYPE LOANS DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
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Single Family Detached 3,651 $ 549,108,847.33 73.82% 355 38.61 7.153 605 83.42
Two-to Four-Family 371 71,547,900.91 9.62 356 38.28 7.249 624 81.17
PUD Detached 391 66,361,275.28 8.92 356 39.49 7.010 611 85.47
Condominium 271 41,886,896.26 5.63 358 38.35 7.197 614 84.70
Manufactured Housing 99 10,067,780.75 1.35 353 37.48 7.439 607 77.61
PUD Attached 27 3,906,080.80 0.53 359 39.06 6.750 636 85.54
Single Family Attached 7 997,187.49 0.13 359 34.57 7.621 631 87.14
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Total: 4,817 $ 743,875,968.82 100.00% 355 38.62 7.154 608 83.39
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Prepayment Charge Term
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
ORIGINATION (MOS.) LOANS CUT-OFF DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
0 1,188 $181,564,988.68 24.41% 355 38.59 7.392 602 84.44
12 260 50,755,022.70 6.82 354 39.31 7.118 615 79.98
24 1,607 246,442,752.33 33.13 358 38.62 7.320 599 84.66
36 1,762 265,113,205.11 35.64 352 38.53 6.844 619 82.15
------------------------------------------------------------------------------------------------------------------------------------
Total: 4,817 $743,875,968.82 100.00% 355 38.62 7.154 608 83.39
------------------------------------------------------------------------------------------------------------------------------------
- 15 -
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Conforming Balance
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
CONFORMING BALANCE LOANS DATE ($) THE CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming 4,817 $743,875,968.82 100.00% 355 38.62 7.154 608 83.39
------------------------------------------------------------------------------------------------------------------------------------
Total: 4,817 $743,875,968.82 100.00% 355 38.62 7.154 608 83.39
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rates of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO
RANGE OF MAXIMUM MORTGAGE MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- GROSS OLTV
RATES (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 44 $ 8,542,429.97 1.64% 356 37.95 5.329 645 83.49
11.500 - 11.999 199 39,640,568.88 7.61 358 39.77 5.795 636 83.62
12.000 - 12.499 351 61,119,444.39 11.74 358 37.94 6.266 625 84.38
12.500 - 12.999 657 110,203,062.33 21.16 358 37.81 6.747 616 85.83
13.000 - 13.499 607 93,887,105.73 18.03 358 38.48 7.240 599 86.84
13.500 - 13.999 619 90,664,791.13 17.41 358 39.07 7.721 587 86.20
14.000 - 14.499 408 57,600,685.98 11.06 359 38.37 8.215 576 84.80
14.500 - 14.999 259 31,748,802.41 6.10 358 38.07 8.680 566 84.91
15.000 - 15.499 83 10,333,333.75 1.98 359 39.18 9.174 560 82.46
15.500 - 15.999 46 6,441,040.74 1.24 359 38.65 9.732 547 76.45
16.000 - 16.499 21 2,711,552.65 0.52 359 41.46 10.210 548 73.16
16.500 - 16.999 26 3,992,534.96 0.77 359 41.91 10.706 526 64.84
17.000 - 17.499 10 1,513,313.95 0.29 358 42.06 11.254 538 63.94
17.500 - 17.999 14 1,685,422.52 0.32 358 38.51 11.725 530 63.32
18.000 - 18.499 4 527,641.50 0.10 358 43.26 12.176 571 60.00
18.500 - 18.999 1 86,755.83 0.02 358 31.00 12.550 502 70.00
------------------------------------------------------------------------------------------------------------------------------------
Total: 3,349 $520,698,486.72 100.00% 358 38.50 7.303 600 84.95
------------------------------------------------------------------------------------------------------------------------------------
- 16 -
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Minimum Mortgage Rates of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO
RANGE OF MINIMUM MORTGAGE MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- GROSS OLTV
RATES (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 44 $ 8,542,429.97 1.64% 356 37.95 5.329 645 83.49
5.500 - 5.999 199 39,640,568.88 7.61 358 39.77 5.795 636 83.62
6.000 - 6.499 351 61,119,444.39 11.74 358 37.94 6.266 625 84.38
6.500 - 6.999 657 110,203,062.33 21.16 358 37.81 6.747 616 85.83
7.000 - 7.499 607 93,887,105.73 18.03 358 38.48 7.240 599 86.84
7.500 - 7.999 619 90,664,791.13 17.41 358 39.07 7.721 587 86.20
8.000 - 8.499 408 57,600,685.98 11.06 359 38.37 8.215 576 84.80
8.500 - 8.999 259 31,748,802.41 6.10 358 38.07 8.680 566 84.91
9.000 - 9.499 83 10,333,333.75 1.98 359 39.18 9.174 560 82.46
9.500 - 9.999 46 6,441,040.74 1.24 359 38.65 9.732 547 76.45
10.000 - 10.499 21 2,711,552.65 0.52 359 41.46 10.210 548 73.16
10.500 - 10.999 26 3,992,534.96 0.77 359 41.91 10.706 526 64.84
11.000 - 11.499 10 1,513,313.95 0.29 358 42.06 11.254 538 63.94
11.500 - 11.999 14 1,685,422.52 0.32 358 38.51 11.725 530 63.32
12.000 - 12.499 4 527,641.50 0.10 358 43.26 12.176 571 60.00
12.500 - 12.999 1 86,755.83 0.02 358 31.00 12.550 502 70.00
------------------------------------------------------------------------------------------------------------------------------------
Total: 3,349 $ 520,698,486.72 100.00% 358 38.50 7.303 600 84.95
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Gross Margins of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO
MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- GROSS OLTV
RANGE OF GROSS MARGINS (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 1,820 $266,984,473.68 51.27% 358 38.34 7.363 599 85.43
4.750 - 4.999 2 298,740.53 0.06 359 34.71 6.821 586 76.28
5.000 - 5.249 1 199,785.17 0.04 359 12.00 5.600 655 80.00
5.250 - 5.499 1 131,114.63 0.03 358 43.00 6.600 602 85.00
5.500 - 5.749 143 27,688,975.08 5.32 359 38.93 7.398 598 80.83
5.750 - 5.999 1 209,788.93 0.04 359 49.00 5.950 566 45.65
6.000 - 6.249 1 137,641.46 0.03 359 38.00 7.200 630 95.00
6.250 - 6.499 5 484,195.17 0.09 359 37.38 7.489 595 81.86
6.500 - 6.749 1,352 221,251,002.68 42.49 358 38.68 7.185 602 85.12
7.000 - 7.249 23 3,312,769.39 0.64 359 37.36 9.705 549 73.96
------------------------------------------------------------------------------------------------------------------------------------
Total: 3,349 $520,698,486.72 100.00% 358 38.50 7.303 600 84.95
------------------------------------------------------------------------------------------------------------------------------------
- 17 -
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Next Adjustment Date of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO
MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- GROSS OLTV
NEXT ADJUSTMENT DATE LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
October 2005 6 $ 889,618.34 0.17% 354 29.27 8.406 610 74.85
November 2005 4 796,922.75 0.15 355 34.28 7.103 591 78.74
December 2005 10 1,396,307.43 0.27 356 37.67 7.923 579 82.65
January 2006 35 5,302,350.53 1.02 357 39.49 7.581 607 82.15
February 2006 854 129,472,522.68 24.87 357 38.82 7.358 597 84.78
March 2006 1,571 245,581,984.76 47.16 358 38.55 7.338 597 85.02
April 2006 1 171,500.00 0.03 360 39.00 7.700 507 70.00
January 2007 16 2,432,178.83 0.47 357 39.94 7.054 612 87.05
February 2007 239 34,713,746.19 6.67 356 38.02 7.058 604 85.04
March 2007 613 99,941,355.21 19.19 359 38.19 7.204 610 85.28
------------------------------------------------------------------------------------------------------------------------------------
Total: 3,349 $ 520,698,486.72 100.00% 358 38.50 7.303 600 84.95
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Cap of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO
INITIAL PERIODIC MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- GROSS OLTV
CAP (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
2.000 3,349 $520,698,486.72 100.00% 358 38.50 7.303 600 84.95
------------------------------------------------------------------------------------------------------------------------------------
Total: 3,349 $520,698,486.72 100.00% 358 38.50 7.303 600 84.95
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Periodic Cap of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
% OF PRINCIPAL
PRINCIPAL BALANCE BALANCE OF REMAINING
NUMBER OF OF ADJUSTABLE RATE ADJUSTABLE RATE TERM TO
MORTGAGE LOANS AS OF THE LOANS AS OF THE MATURITY DEBT-TO- GROSS OLTV
PERIODIC CAP (%) LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
1.000 3,349 $520,698,486.72 100.00% 358 38.50 7.303 600 84.95
------------------------------------------------------------------------------------------------------------------------------------
Total: 3,349 $520,698,486.72 100.00% 358 38.50 7.303 600 84.95
------------------------------------------------------------------------------------------------------------------------------------
Group II Mortgage Loan Statistics
The Group II Mortgage Loans consist of 550 adjustable-rate and fixed-rate
Mortgage Loans having an aggregate principal balance as of the Cut-off Date of
approximately $181,671,287.85, after application of scheduled payments due on or
before the Cut-off Date whether or not received and application of all
unscheduled payments of principal received prior to the Cut-off Date None of the
Group II Mortgage Loans had a first Due Date prior to December 2003 or after
April 2004, or will have a remaining term to stated maturity of less than 178
months or greater than 359 months as of the Cut-off Date. The latest maturity
date of any Group II Mortgage Loans is March 2034.
- 18 -
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Collateral Type
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
COLLATERAL TYPE LOANS CUT-OFF DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
2-yr Fixed / Adjustable-Rate 208 $ 85,105,023.79 46.85% 359 38.52 6.862 612 86.20
3-yr Fixed / Adjustable-Rate 56 23,887,872.99 13.15 359 38.85 6.618 622 84.68
Fixed Rate 286 72,678,391.07 40.01 348 38.89 6.480 647 80.89
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Principal Balances at Origination
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
RANGE OF NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
PRINCIPAL BALANCES MORTGAGE AS OF ORIGINATION BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
AT ORIGINATION ($) LOANS ($) ORIGINATION (months)* INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 52 $ 4,293,996.00 2.36% 333 38.65 7.555 604 80.17
100,000.01 - 150,000.00 46 5,750,350.00 3.16 347 37.67 7.152 615 83.15
150,000.01 - 200,000.00 32 5,539,700.00 3.05 355 39.91 6.941 627 79.94
200,000.01 - 250,000.00 22 4,883,299.00 2.68 353 36.64 6.224 652 73.45
250,000.01 - 300,000.00 15 4,136,719.00 2.27 347 39.27 6.488 658 83.28
300,000.01 - 350,000.00 68 23,082,167.00 12.69 359 39.38 6.685 625 84.24
350,000.01 - 400,000.00 134 50,297,602.00 27.65 355 39.03 6.525 633 86.46
400,000.01 - 450,000.00 76 32,416,960.00 17.82 353 37.85 6.760 621 85.10
450,000.01 - 500,000.00 93 44,882,213.00 24.67 357 38.51 6.743 625 82.85
500,000.01 - 550,000.00 7 3,705,000.00 2.04 359 40.14 5.899 649 80.93
550,000.01 - 600,000.00 5 2,925,750.00 1.61 335 41.14 6.544 632 75.01
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $181,913,756.00 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
- 19 -
------------------------------------------------------------------------------------------------------------------------------------
Principal Balances as of the Cut-Off Date
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
RANGE OF PRINCIPAL BALANCES MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
AS OF THE CUT-OFF DATE ($) LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 52 $ 4,287,634.54 2.36% 333 38.65 7.556 604 80.17
100,000.01 - 150,000.00 46 5,742,684.71 3.16 347 37.67 7.152 615 83.15
150,000.01 - 200,000.00 32 5,532,434.25 3.05 355 39.91 6.941 627 79.94
200,000.01 - 250,000.00 22 4,875,661.38 2.68 353 36.64 6.224 652 73.46
250,000.01 - 300,000.00 16 4,429,992.45 2.44 348 39.93 6.405 656 83.69
300,000.01 - 350,000.00 70 23,804,348.65 13.10 356 38.67 6.718 627 84.36
350,000.01 - 400,000.00 131 49,177,166.53 27.07 357 39.31 6.515 632 86.42
400,000.01 - 450,000.00 76 32,379,922.29 17.82 353 37.85 6.761 621 85.10
450,000.01 - 500,000.00 93 44,817,826.12 24.67 357 38.51 6.743 625 82.85
500,000.01 - 550,000.00 7 3,701,218.19 2.04 359 40.14 5.899 649 80.93
550,000.01 - 600,000.00 5 2,922,398.74 1.61 335 41.14 6.544 632 75.01
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Remaining Term to Maturity
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
RANGE OF MONTHS REMAINING LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
121 - 180 10 $ 2,083,975.91 1.15% 179 37.66 6.821 620 84.01
181 - 240 14 3,235,149.99 1.78 239 41.33 6.268 646 76.29
301 - 360 526 176,352,161.95 97.07 359 38.67 6.683 627 84.01
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $ 181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
- 20 -
------------------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
RANGE OF CURRENT MORTGAGE MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
RATES (%) LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 39 $ 15,957,960.25 8.78% 354 39.31 5.335 675 79.39
5.500 - 5.999 104 36,423,852.69 20.05 353 39.18 5.769 656 79.81
6.000 - 6.499 80 26,864,533.89 14.79 358 39.52 6.249 633 83.49
6.500 - 6.999 127 43,290,967.78 23.83 353 38.61 6.731 627 86.30
7.000 - 7.499 75 24,635,797.15 13.56 353 38.96 7.234 607 86.91
7.500 - 7.999 63 19,650,863.53 10.82 357 36.21 7.713 590 86.64
8.000 - 8.499 32 7,662,728.78 4.22 354 39.97 8.232 596 85.68
8.500 - 8.999 19 4,683,040.44 2.58 359 37.49 8.747 581 87.05
9.000 - 9.499 9 1,556,297.68 0.86 359 40.04 9.216 535 73.20
9.500 - 9.999 1 449,792.27 0.25 359 39.00 9.800 526 75.00
11.500 - 11.999 1 495,453.39 0.27 359 24.00 11.850 610 60.00
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Original Loan-to-Value Ratios
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
RANGE OF ORIGINAL MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
LOAN-TO-VALUE RATIOS (%) LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Less than 25.000 1 $ 84,930.32 0.05% 359 23.00 7.000 584 16.67
25.001 - 30.000 1 109,822.66 0.06 358 34.00 7.100 556 28.95
30.001 - 35.000 1 201,728.01 0.11 358 35.00 8.000 572 34.53
40.001 - 45.000 3 860,907.07 0.47 359 31.01 5.827 702 41.56
45.001 - 50.000 9 3,020,009.83 1.66 343 39.19 5.704 680 48.67
50.001 - 55.000 5 1,184,075.58 0.65 358 37.66 6.277 638 52.16
55.001 - 60.000 8 3,273,246.76 1.80 359 36.74 7.062 633 58.17
60.001 - 65.000 15 4,467,944.14 2.46 350 41.64 7.008 606 63.49
65.001 - 70.000 22 6,775,483.33 3.73 355 37.73 6.259 638 68.28
70.001 - 75.000 44 14,694,363.19 8.09 353 40.16 6.477 615 74.00
75.001 - 80.000 89 29,231,789.11 16.09 352 38.04 6.473 627 79.36
80.001 - 85.000 81 24,059,748.91 13.24 351 39.30 6.705 619 84.34
85.001 - 90.000 147 51,311,654.84 28.24 356 37.49 6.781 621 89.51
90.001 - 95.000 124 42,395,584.10 23.34 356 40.02 6.836 639 94.72
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $ 181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
- 21 -
------------------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
RANGE OF FICO SCORES LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
500 - 519 11 $ 4,444,781.76 2.45% 359 45.49 7.746 510 81.27
520 - 539 29 7,737,468.77 4.26 356 40.51 7.924 529 78.66
540 - 559 36 12,111,914.57 6.67 352 39.35 7.215 551 82.38
560 - 579 35 10,372,626.73 5.71 357 39.78 7.085 570 81.26
580 - 599 50 15,006,810.57 8.26 355 36.95 7.045 589 85.22
600 - 619 93 33,153,150.15 18.25 358 38.81 6.747 609 86.03
620 - 639 98 30,593,452.41 16.84 350 38.39 6.546 630 85.44
640 - 659 61 20,517,573.79 11.29 354 38.66 6.515 650 85.53
660 - 679 43 14,874,008.17 8.19 357 39.69 6.183 669 84.44
680 - 699 35 12,306,121.57 6.77 348 38.22 6.200 688 85.20
700 - 719 21 7,621,772.55 4.20 352 37.98 6.055 707 77.58
720 - 739 16 5,888,693.58 3.24 359 36.77 6.289 729 81.61
740 - 759 12 3,725,972.37 2.05 356 35.48 5.822 747 82.28
760 - 779 9 3,021,195.72 1.66 359 36.11 5.923 764 73.13
780 - 799 1 295,745.14 0.16 359 35.00 6.750 785 80.00
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $ 181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Debt-to-Income Ratio
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
RATIOS (%) LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Less than 20.000 28 $ 9,594,917.27 5.28% 359 16.06 6.916 623 84.79
20.001 - 25.000 29 9,053,748.67 4.98 349 23.51 6.732 645 78.74
25.001 - 30.000 52 17,503,475.33 9.63 356 28.44 6.852 635 85.03
30.001 - 35.000 68 22,339,306.69 12.30 355 32.92 6.500 634 82.21
35.001 - 40.000 98 30,863,235.47 16.99 352 37.96 6.674 638 83.53
40.001 - 45.000 120 39,162,520.42 21.56 357 42.96 6.673 619 85.29
45.001 - 50.000 142 49,277,016.52 27.12 353 48.14 6.678 620 85.53
50.001 - 55.000 13 3,877,067.48 2.13 356 53.20 6.232 635 65.55
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
- 22 -
------------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
STATE LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
California 216 $ 84,860,537.91 46.71% 357 39.13 6.327 629 83.42
New York 66 24,842,955.91 13.67 350 40.01 6.778 639 84.54
Florida 42 9,111,179.09 5.02 355 38.83 6.743 611 82.14
Maryland 25 8,919,453.16 4.91 353 41.23 6.973 625 86.72
Illinois 21 7,236,033.75 3.98 357 40.38 7.405 608 84.35
Connecticut 12 4,316,849.21 2.38 359 36.93 6.683 631 81.62
Massachusetts 10 4,178,078.52 2.30 342 40.75 7.392 634 82.66
Texas 20 3,626,054.19 2.00 350 30.32 6.913 661 78.07
Arizona 19 3,573,781.38 1.97 336 41.40 7.276 614 82.08
Nevada 9 3,403,143.53 1.87 359 34.75 7.152 619 89.92
Michigan 12 2,990,417.96 1.65 352 39.19 7.757 610 88.67
Utah 8 2,880,764.83 1.59 358 38.19 6.613 630 86.04
Pennsylvania 10 2,469,621.67 1.36 354 36.99 6.957 589 84.12
Colorado 6 2,163,310.79 1.19 359 39.01 6.355 662 82.13
Washington 6 2,160,850.08 1.19 358 33.89 7.088 612 87.19
Hawaii 6 1,991,224.48 1.10 314 35.60 6.327 656 86.13
New Jersey 4 1,686,555.47 0.93 358 34.51 6.346 650 89.36
Minnesota 6 1,611,405.36 0.89 359 39.36 7.292 619 88.31
Oregon 4 1,429,958.63 0.79 359 35.75 7.782 561 81.06
Rhode Island 5 1,238,950.22 0.68 358 31.19 6.377 645 81.21
Other 43 6,980,161.71 3.84 357 34.35 7.561 622 82.88
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
- 23 -
------------------------------------------------------------------------------------------------------------------------------------
Occupancy Status
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
OCCUPATION STATUS* LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 519 $ 171,803,049.76 94.57% 354 39.25 6.660 626 83.76
Non-Owner Occupied 23 7,009,367.55 3.86 359 25.81 7.225 659 87.15
Second Home 8 2,858,870.54 1.57 359 37.80 6.342 673 82.89
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $ 181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
------------------------------------------------------------------------------------------------------------------------------------
Documentation Type
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
INCOME DOCUMENTATION LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Documentation 334 $ 103,628,266.28 57.04% 354 39.35 6.414 628 83.56
Stated Documentation 181 65,295,628.76 35.94 356 38.62 7.032 632 84.77
Limited Documentation 35 12,747,392.81 7.02 355 33.96 6.993 600 81.89
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $ 181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
PURPOSE LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Refinance-Debt 390 $ 128,128,722.51 70.53% 354 39.55 6.676 620 82.86
Consolidation Cash Out**
Purchase 120 41,294,695.46 22.73 357 37.44 6.747 645 88.42
Refinance-Debt
Consolidation No Cash Out*** 40 12,247,869.88 6.74 353 34.16 6.452 642 79.19
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $ 181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
** 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 $2,000 of the original principal balance of the
related loan. Excludes home equity loans originated in Texas with any cash
proceeds.
- 24 -
------------------------------------------------------------------------------------------------------------------------------------
Credit Grade
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
NUMBER OF AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
RISK CATEGORY MORTGAGE LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
I 421 $139,096,635.34 76.57% 354 38.88 6.529 637 84.46
II 42 12,899,863.46 7.10 353 38.19 6.710 600 82.88
III 30 9,908,304.72 5.45 358 39.53 7.100 605 84.26
IV 20 6,074,118.76 3.34 356 34.81 7.443 592 81.20
V 11 3,237,859.10 1.78 358 35.91 8.359 570 71.06
VI 3 1,215,896.46 0.67 359 29.21 10.084 566 62.96
A 20 8,005,182.70 4.41 359 41.07 6.816 602 84.88
A- 1 459,633.95 0.25 359 28.00 7.150 540 80.00
C- 2 773,793.36 0.43 359 45.03 7.197 577 89.84
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company, LLC.
------------------------------------------------------------------------------------------------------------------------------------
Property Type
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
NUMBER OF AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
PROPERTY TYPE MORTGAGE LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 437 $144,212,439.91 79.38% 354 39.06 6.712 623 84.16
PUD Detached 57 19,848,686.57 10.93 358 38.01 6.525 642 82.35
Two-to Four-Family 25 7,941,895.33 4.37 359 37.11 6.755 660 82.63
Condominium 22 7,291,928.41 4.01 357 34.71 6.418 634 84.82
PUD Attached 4 1,554,918.89 0.86 359 40.96 6.394 657 87.93
Manufactured Housing 5 821,418.74 0.45 358 40.69 6.295 653 66.65
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Prepayment Charge Term
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
PREPAYMENT CHARGE TERM AT NUMBER OF AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
ORIGINATION (MOS.) MORTGAGE LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
0 123 $ 40,824,709.86 22.47% 356 39.43 6.957 629 85.07
12 58 21,094,599.09 11.61 348 39.08 6.772 631 81.51
24 144 56,816,003.77 31.27 358 38.36 6.869 608 86.29
36 225 62,935,975.13 34.64 352 38.44 6.289 644 81.71
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
- 25 -
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
NUMBER OF AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
CONFORMING BALANCE MORTGAGE LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming 177 $ 27,963,193.64 15.39% 346 38.01 6.837 636 81.11
Non-Conforming 373 153,708,094.21 84.61 356 38.84 6.648 626 84.38
------------------------------------------------------------------------------------------------------------------------------------
Total: 550 $181,671,287.85 100.00% 354 38.71 6.677 628 83.88
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rates of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCE % OF PRINCIPAL
OF ADJUSTABLE BALANCE OF REMAINING
RATE LOANS AS OF ADJUSTABLE RATE TERM TO
RANGE OF MAXIMUM MORTGAGE NUMBER OF THE CUT-OFF DATE LOANS AS OF THE MATURITY DEBT-TO- GROSS OLTV
RATES (%) MORTGAGE LOANS ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 15 $ 6,297,431.37 5.78% 359 39.21 5.364 650 84.55
11.500 - 11.999 47 18,864,583.82 17.31 359 38.33 5.788 637 83.62
12.000 - 12.499 38 15,900,149.35 14.59 359 39.32 6.265 626 85.03
12.500 - 12.999 65 27,176,979.13 24.93 359 38.85 6.737 624 87.72
13.000 - 13.499 45 18,253,719.44 16.75 359 39.10 7.246 600 87.60
13.500 - 13.999 30 12,593,612.50 11.55 359 36.31 7.726 573 86.35
14.000 - 14.499 11 4,489,382.84 4.12 358 41.23 8.242 601 86.55
14.500 - 14.999 9 3,746,758.69 3.44 359 37.19 8.761 579 86.43
15.000 - 15.499 2 725,033.98 0.67 359 41.49 9.254 534 69.86
15.500 - 15.999 1 449,792.27 0.41 359 39.00 9.800 526 75.00
17.500 - 17.999 1 495,453.39 0.45 359 24.00 11.850 610 60.00
------------------------------------------------------------------------------------------------------------------------------------
Total: 264 $108,992,896.78 100.00% 359 38.59 6.808 615 85.87
------------------------------------------------------------------------------------------------------------------------------------
- 26 -
------------------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rates of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCE % OF PRINCIPAL
OF ADJUSTABLE BALANCE OF REMAINING
RATE LOANS AS OF ADJUSTABLE RATE TERM TO
RANGE OF MINIMUM MORTGAGE NUMBER OF THE CUT-OFF DATE LOANS AS OF THE MATURITY DEBT-TO- GROSS OLTV
RATES (%) MORTGAGE LOANS ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 15 $ 6,297,431.37 5.78% 359 39.21 5.364 650 84.55
5.500 - 5.999 47 18,864,583.82 17.31 359 38.33 5.788 637 83.62
6.000 - 6.499 38 15,900,149.35 14.59 359 39.32 6.265 626 85.03
6.500 - 6.999 65 27,176,979.13 24.93 359 38.85 6.737 624 87.72
7.000 - 7.499 45 18,253,719.44 16.75 359 39.10 7.246 600 87.60
7.500 - 7.999 30 12,593,612.50 11.55 359 36.31 7.726 573 86.35
8.000 - 8.499 11 4,489,382.84 4.12 358 41.23 8.242 601 86.55
8.500 - 8.999 9 3,746,758.69 3.44 359 37.19 8.761 579 86.43
9.000 - 9.499 2 725,033.98 0.67 359 41.49 9.254 534 69.86
9.500 - 9.999 1 449,792.27 0.41 359 39.00 9.800 526 75.00
11.500 - 11.999 1 495,453.39 0.45 359 24.00 11.850 610 60.00
------------------------------------------------------------------------------------------------------------------------------------
Total: 264 $108,992,896.78 100.00% 359 38.59 6.808 615 85.87
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Gross Margins of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCE % OF PRINCIPAL
OF ADJUSTABLE BALANCE OF REMAINING
RATE LOANS AS OF ADJUSTABLE RATE TERM TO
NUMBER OF THE CUT-OFF DATE LOANS AS OF THE MATURITY DEBT-TO- GROSS OLTV
RANGE OF GROSS MARGINS (%) MORTGAGE LOANS ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.749 93 $ 38,186,830.15 35.04% 359 38.99 7.140 622 86.43
5.500 - 5.749 20 8,498,818.84 7.80 359 40.09 6.934 589 84.90
6.500 - 6.749 151 62,307,247.79 57.17 359 38.14 6.588 614 85.65
------------------------------------------------------------------------------------------------------------------------------------
Total: 264 $108,992,896.78 100.00% 359 38.59 6.808 615 85.87
------------------------------------------------------------------------------------------------------------------------------------
- 27 -
------------------------------------------------------------------------------------------------------------------------------------
Next Adjustment Date of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCE % OF PRINCIPAL
OF ADJUSTABLE BALANCE OF REMAINING
RATE LOANS AS OF ADJUSTABLE RATE TERM TO
NUMBER OF THE CUT-OFF DATE LOANS AS OF THE MATURITY DEBT-TO- GROSS OLTV
NEXT ADJUSTMENT DATE MORTGAGE LOANS ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
November 2005 1 $ 348,840.23 0.32% 355 32.00 8.490 710 69.99
December 2005 1 494,310.57 0.45 356 36.00 6.850 628 80.00
January 2006 4 1,603,690.78 1.47 357 43.19 6.177 625 89.82
February 2006 60 23,614,303.31 21.67 358 37.71 6.581 622 86.94
March 2006 142 59,043,878.90 54.17 359 38.77 6.983 607 85.96
January 2007 1 466,647.75 0.43 357 45.00 6.200 597 90.00
February 2007 13 5,436,294.52 4.99 358 37.00 6.601 626 84.30
March 2007 42 17,984,930.72 16.50 359 39.25 6.633 622 84.66
------------------------------------------------------------------------------------------------------------------------------------
Total: 264 $108,992,896.78 100.00% 359 38.59 6.808 615 85.87
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Cap of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCE % OF PRINCIPAL
OF ADJUSTABLE BALANCE OF REMAINING
RATE LOANS AS OF ADJUSTABLE RATE TERM TO
INITIAL PERIODIC NUMBER OF THE CUT-OFF DATE LOANS AS OF THE MATURITY DEBT-TO- GROSS OLTV
CAP (%) MORTGAGE LOANS ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
2.000 264 $108,992,896.78 100.00% 359 38.59 6.808 615 85.87
------------------------------------------------------------------------------------------------------------------------------------
Total: 264 $108,992,896.78 100.00% 359 38.59 6.808 615 85.87
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Periodic Cap of the Adjustable-Rate Loans
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCE % OF PRINCIPAL
OF ADJUSTABLE BALANCE OF REMAINING
RATE LOANS AS OF ADJUSTABLE RATE TERM TO
NUMBER OF THE CUT-OFF DATE LOANS AS OF THE MATURITY DEBT-TO- GROSS OLTV
PERIODIC CAP (%) MORTGAGE LOANS ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
1.000 264 $108,992,896.78 100.00% 359 38.59 6.808 615 85.87
------------------------------------------------------------------------------------------------------------------------------------
Total: 264 $108,992,896.78 100.00% 359 38.59 6.808 615 85.87
------------------------------------------------------------------------------------------------------------------------------------
Group III Mortgage Loan Statistics
The Group III Mortgage Loans consist of 303 fixed-rate Mortgage Loans
having an aggregate principal balance as of the Cut-off Date of approximately
$74,452,556.07, after application of scheduled payments due on or before the
Cut-off Date whether or not received and application of all unscheduled payments
of principal received prior to the Cut-off Date. None of the Group III Mortgage
Loans had a first Due Date prior to January 2004 or after April 2004, or have a
remaining term to stated maturity of less than 178 months or greater than 359
months as of the Cut-off Date. The latest maturity date of any Group III
Mortgage Loans is March 2034.
- 28 -
------------------------------------------------------------------------------------------------------------------------------------
Collateral Type
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
COLLATERAL TYPE LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate 303 $74,452,556.07 100.00% 350 39.31 6.300 657 79.21
------------------------------------------------------------------------------------------------------------------------------------
Total: 303 $74,452,556.07 100.00% 350 39.31 6.300 657 79.21
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Principal Balances at Origination
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
RANGE OF NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
PRINCIPAL BALANCES MORTGAGE LOANS AS OF BALANCE AS OF MATURITY DEBT-TO- GROSS OLTV
AT ORIGINATION ($) LOANS ORIGINATION ($) ORIGINATION (months)* INCOME (%) COUPON(%)* FICO* (%)
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 63 $ 4,961,960.00 6.65% 331 38.14 7.404 614 81.02
100,000.01 - 150,000.00 47 5,647,925.00 7.57 347 37.40 7.038 633 83.31
150,000.01 - 200,000.00 32 5,609,125.00 7.52 337 39.77 6.749 634 81.48
200,000.01 - 250,000.00 29 6,520,500.00 8.74 339 41.28 6.566 615 77.94
250,000.01 - 300,000.00 14 3,796,400.00 5.09 358 35.01 6.322 644 77.73
300,000.01 - 350,000.00 25 8,366,550.00 11.22 354 41.41 6.142 662 80.56
350,000.01 - 400,000.00 35 13,214,025.00 17.72 355 41.30 5.952 675 78.90
400,000.01 - 450,000.00 28 11,820,200.00 15.85 359 40.53 5.963 683 77.88
450,000.01 - 500,000.00 29 13,960,649.00 18.72 352 35.90 6.056 668 79.91
650,000.01 - 700,000.00 1 670,000.00 0.90 359 50.00 5.250 783 31.16
------------------------------------------------------------------------------------------------------------------------------------
Total: 303 $74,567,334.00 100.00% 350 39.32 6.299 657 79.21
------------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
- 29 -
------------------------------------------------------------------------------------------------------------------------------------
Principal Balances as of the Cut-Off Date
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
RANGE OF PRINCIPAL BALANCES MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
AS OF THE CUT-OFF DATE ($) LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 63 $ 4,953,815.31 6.65% 331 38.14 7.404 614 81.02
100,000.01 - 150,000.00 48 5,789,861.08 7.78 347 37.68 7.024 634 83.61
150,000.01 - 200,000.00 31 5,448,986.94 7.32 336 39.55 6.756 634 81.11
200,000.01 - 250,000.00 29 6,508,853.27 8.74 339 41.28 6.566 615 77.94
250,000.01 - 300,000.00 14 3,790,731.62 5.09 358 35.01 6.322 644 77.73
300,000.01 - 350,000.00 25 8,352,682.19 11.22 354 41.41 6.142 662 80.56
350,000.01 - 400,000.00 35 13,191,175.05 17.72 355 41.30 5.952 675 78.90
400,000.01 - 450,000.00 28 11,804,317.71 15.85 359 40.53 5.963 683 77.88
450,000.01 - 500,000.00 29 13,942,901.42 18.73 352 35.90 6.056 668 79.92
650,000.01 - 700,000.00 1 669,231.48 0.90 359 50.00 5.250 783 31.16
------------------------------------------------------------------------------------------------------------------------------------
Total: 303 $ 74,452,556.07 100.00% 350 39.31 6.300 657 79.21
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Remaining Term to Maturity
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
RANGE OF MONTHS REMAINING LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
121 - 180 18 $ 2,583,379.02 3.47% 179 34.92 6.490 641 79.95
181 - 240 6 1,265,485.86 1.70 238 38.97 6.478 670 78.71
301 - 360 279 70,603,691.19 94.83 359 39.48 6.289 658 79.19
------------------------------------------------------------------------------------------------------------------------------------
Total: 303 $ 74,452,556.07 100.00% 350 39.31 6.300 657 79.21
------------------------------------------------------------------------------------------------------------------------------------
- 30 -
------------------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
RANGE OF CURRENT MORTGAGE MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
RATES (%) LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 30 $ 12,413,166.35 16.67% 348 36.30 5.296 710 69.01
5.500 - 5.999 67 20,380,094.27 27.37 354 40.77 5.722 676 77.45
6.000 - 6.499 57 16,255,857.45 21.83 354 39.89 6.230 650 79.26
6.500 - 6.999 58 11,180,187.27 15.02 343 40.98 6.752 626 84.57
7.000 - 7.499 35 5,631,382.89 7.56 346 38.21 7.238 620 85.50
7.500 - 7.999 27 5,483,018.42 7.36 359 36.93 7.736 631 88.10
8.000 - 8.499 10 1,171,732.75 1.57 312 44.94 8.170 617 86.55
8.500 - 8.999 13 1,420,970.26 1.91 340 39.13 8.644 581 83.52
9.000 - 9.499 3 261,162.23 0.35 358 20.98 9.039 600 86.74
9.500 - 9.999 2 189,559.36 0.25 359 33.44 9.637 571 82.89
10.500 - 10.999 1 65,424.82 0.09 359 16.00 10.650 556 85.00
------------------------------------------------------------------------------------------------------------------------------------
Total: 303 $ 74,452,556.07 100.00% 350 39.31 6.300 657 79.21
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Original Loan-to-Value Ratios
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
RANGE OF ORIGINAL MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
LOAN-TO-VALUE RATIOS (%) LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Less than 25.000 1 $ 87,820.96 0.12% 358 21.00 5.900 631 22.86
30.001 - 35.000 2 888,479.70 1.19 359 45.06 5.250 766 30.89
35.001 - 40.000 1 63,434.33 0.09 359 54.00 5.800 630 35.28
45.001 - 50.000 3 868,370.43 1.17 343 49.02 5.888 677 46.55
50.001 - 55.000 7 1,533,050.82 2.06 331 37.29 5.835 699 53.73
55.001 - 60.000 9 2,764,062.60 3.71 359 40.32 6.004 661 57.89
60.001 - 65.000 18 5,296,781.11 7.11 342 38.23 5.651 673 63.20
65.001 - 70.000 20 5,376,163.18 7.22 356 38.74 6.221 628 68.99
70.001 - 75.000 31 7,386,577.39 9.92 356 39.43 6.208 662 73.29
75.001 - 80.000 59 15,664,955.26 21.04 352 37.05 6.056 667 79.16
80.001 - 85.000 38 9,274,805.52 12.46 349 39.36 6.192 639 84.14
85.001 - 90.000 67 13,898,003.66 18.67 353 40.16 6.747 645 89.37
90.001 - 95.000 47 11,350,051.11 15.24 344 40.96 6.830 661 94.59
------------------------------------------------------------------------------------------------------------------------------------
Total: 303 $ 74,452,556.07 100.00% 350 39.31 6.300 657 79.21
------------------------------------------------------------------------------------------------------------------------------------
- 31 -
------------------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
RANGE OF FICO SCORES LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
500 - 519 3 $ 502,648.90 0.68% 341 39.10 7.862 510 66.53
520 - 539 6 1,032,174.46 1.39 344 41.39 6.854 535 70.76
540 - 559 19 3,138,592.37 4.22 355 39.64 7.078 553 78.45
560 - 579 17 2,961,259.39 3.98 359 45.40 6.979 569 73.45
580 - 599 30 5,071,975.52 6.81 351 38.37 6.788 590 82.13
600 - 619 29 6,598,087.30 8.86 345 39.15 6.784 609 83.41
620 - 639 41 9,294,358.84 12.48 345 40.83 6.440 629 82.96
640 - 659 43 11,468,460.01 15.40 352 37.72 6.402 650 83.02
660 - 679 37 9,388,459.42 12.61 353 37.53 6.199 669 80.20
680 - 699 21 6,525,081.71 8.76 342 42.76 6.024 685 78.18
700 - 719 19 5,452,980.22 7.32 356 39.33 5.804 709 72.59
720 - 739 13 3,992,617.34 5.36 351 34.62 5.588 726 77.25
740 - 759 14 4,656,577.85 6.25 350 39.99 5.912 751 81.98
760 - 779 9 3,293,546.75 4.42 358 36.54 5.437 769 73.53
780 - 799 2 1,075,735.99 1.44 359 46.60 5.344 787 42.69
------------------------------------------------------------------------------------------------------------------------------------
Total: 303 $ 74,452,556.07 100.00% 350 39.31 6.300 657 79.21
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Debt-to-Income Ratio
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
RANGE OF DEBT-TO-INCOME MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
RATIOS (%) LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Less than 20.000 23 $ 5,651,830.48 7.59% 355 13.56 6.180 677 78.92
20.001 - 25.000 14 2,578,877.83 3.46 285 23.85 6.355 671 73.50
25.001 - 30.000 20 3,991,910.97 5.36 356 27.98 6.634 667 77.96
30.001 - 35.000 35 8,424,002.78 11.31 357 32.98 6.539 643 79.28
35.001 - 40.000 51 13,380,120.79 17.97 348 38.04 6.199 651 79.77
40.001 - 45.000 60 14,920,414.13 20.04 354 43.02 6.252 661 79.56
45.001 - 50.000 86 22,019,341.64 29.57 351 48.32 6.254 658 82.03
50.001 - 55.000 14 3,486,057.45 4.68 356 52.92 6.365 646 63.77
------------------------------------------------------------------------------------------------------------------------------------
Total: 303 $ 74,452,556.07 100.00% 350 39.31 6.300 657 79.21
------------------------------------------------------------------------------------------------------------------------------------
- 32 -
------------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
STATE LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
California 93 $ 32,842,269.56 44.11% 352 38.73 5.805 680 77.45
New York 35 11,129,531.81 14.95 359 41.85 6.302 658 75.42
Florida 26 3,571,074.34 4.80 342 37.80 6.877 636 84.12
Maryland 10 2,882,785.04 3.87 359 44.78 6.793 646 85.55
Illinois 10 2,633,986.93 3.54 359 29.93 7.134 644 84.32
Texas 14 2,381,882.08 3.20 295 41.89 6.689 611 80.01
Massachusetts 8 2,217,109.42 2.98 359 39.85 6.674 626 78.00
Arizona 14 1,915,687.07 2.57 335 40.25 6.549 656 81.45
Ohio 17 1,746,558.60 2.35 359 42.23 7.377 605 86.84
Washington 8 1,623,784.85 2.18 347 35.96 6.663 631 80.61
Connecticut 4 1,255,461.38 1.69 358 44.21 5.893 635 69.90
Colorado 4 905,372.50 1.22 358 46.74 6.550 639 81.35
Louisiana 7 864,379.30 1.16 302 43.82 7.243 610 90.00
Minnesota 5 855,805.15 1.15 359 34.04 6.418 616 77.87
Tennessee 5 731,474.97 0.98 344 36.71 7.251 638 89.29
Michigan 5 718,508.84 0.97 359 28.03 7.326 631 84.94
Wisconsin 2 635,542.54 0.85 359 39.89 6.848 607 90.48
Georgia 5 633,648.35 0.85 359 35.93 7.206 655 91.88
Hawaii 2 630,928.07 0.85 358 39.10 5.640 669 61.78
New Jersey 2 573,658.92 0.77 359 24.73 8.067 677 94.05
Other 27 3,703,106.35 4.97 344 40.54 6.900 624 81.69
------------------------------------------------------------------------------------------------------------------------------------
Total: 303 $ 74,452,556.07 100.00% 350 39.31 6.300 657 79.21
------------------------------------------------------------------------------------------------------------------------------------
- 33 -
------------------------------------------------------------------------------------------------------------------------------------
Occupancy Status
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
OCCUPATION STATUS* LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 270 $ 69,512,423.20 93.36% 351 39.55 6.224 657 78.94
Non-Owner Occupied 29 3,877,173.09 5.21 344 32.67 7.582 657 85.98
Second Home 4 1,062,959.78 1.43 359 48.04 6.596 658 72.38
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Total: 303 $ 74,452,556.07 100.00% 350 39.31 6.300 657 79.21
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*Based on mortgagor representation at origination.
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Documentation Type
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
INCOME DOCUMENTATION LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
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Full Documentation 235 $ 55,575,703.81 74.65% 352 39.94 6.194 658 78.81
Stated Documentation 55 14,786,126.00 19.86 351 37.08 6.787 657 80.48
Limited Documentation 13 4,090,726.26 5.49 323 38.86 5.970 653 80.07
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Total: 303 $ 74,452,556.07 100.00% 350 39.31 6.300 657 79.21
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Loan Purpose
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
PURPOSE LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
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Refinance-Debt 235 $57,133,403.46 76.74% 350 39.94 6.268 650 79.00
Consolidation Cash Out**
Purchase 47 11,916,325.63 16.01 350 37.99 6.480 686 84.06
Refinance-Debt
Consolidation No Cash
Out*** 21 5,402,826.98 7.26 351 35.57 6.231 672 70.78
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Total: 303 $74,452,556.07 100.00% 350 39.31 6.300 657 79.21
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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 $2,000 of the original principal balance of the
related loan. Excludes home equity loans originated in Texas with any cash
proceeds.
- 34 -
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Credit Grade
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
RISK CATEGORY LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
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I 256 $ 64,055,914.32 86.04% 350 38.80 6.208 664 78.46
II 20 4,205,340.31 5.65 352 42.80 6.672 618 81.06
III 17 3,960,932.23 5.32 359 40.68 6.990 599 87.47
IV 6 1,106,914.11 1.49 335 50.04 6.950 650 86.84
V 1 237,713.56 0.32 358 33.00 8.550 507 70.00
A 3 885,741.54 1.19 359 42.01 6.618 636 81.08
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Total: 303 $ 74,452,556.07 100.00% 350 39.31 6.300 657 79.21
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* Letters correspond to risk categories of Olympus Mortgage Company and
roman numerals correspond to risk categories of Argent Mortgage Company, LLC.
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Property Type
------------------------------------------------------------------------------------------------------------------------------------
REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
PROPERTY TYPE LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 236 $ 58,527,257.35 78.61% 351 39.72 6.238 657 79.35
PUD Detached 30 7,923,440.35 10.64 339 36.38 6.250 657 77.84
Two-to-Four Family 19 4,409,742.87 5.92 359 37.73 7.019 664 82.55
Condominium 6 2,240,838.29 3.01 349 40.90 6.153 652 75.67
Manufactured Housing 11 1,250,379.70 1.68 349 42.57 7.271 647 76.54
PUD Attached 1 100,897.51 0.14 359 28.00 5.900 747 71.13
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Total: 303 $ 74,452,556.07 100.00% 350 39.31 6.300 657 79.21
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Prepayment Charge Term
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
PREPAYMENT CHARGE TERM AT MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
ORIGINATION (MOS.) LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
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0 51 $ 10,109,850.96 13.58% 352 38.30 6.974 645 85.10
12 36 11,237,127.21 15.09 358 41.90 6.310 660 75.62
24 13 2,186,894.55 2.94 344 36.61 7.243 640 81.81
36 203 50,918,683.35 68.39 349 39.06 6.123 660 78.73
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Total: 303 $ 74,452,556.07 100.00% 350 39.31 6.300 657 79.21
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Conforming Balance
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REMAINING
NUMBER OF PRINCIPAL BALANCE % OF PRINCIPAL TERM TO
MORTGAGE AS OF THE CUT-OFF BALANCE AS OF THE MATURITY DEBT-TO- GROSS OLTV
CONFORMING BALANCE LOANS DATE ($) CUT-OFF DATE (months) INCOME (%) COUPON (%) FICO (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming 195 $ 29,909,798.55 40.17% 342 38.96 6.784 628 80.25
Non-Conforming 108 44,542,757.52 59.83 356 39.55 5.974 677 78.52
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Total: 303 $ 74,452,556.07 100.00% 350 39.31 6.300 657 79.21
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