EXHIBIT 99.1
The mortgage loans delivered to the trust on the Closing Date (the
"Initial Mortgage Loans") consist of conventional, one-to four- family,
adjustable-rate and fixed-rate mortgage loans. The Depositor purchased the
Initial Mortgage Loans from the Seller pursuant to the Mortgage Loan Purchase
Agreement, dated October 8, 2004 (the " Mortgage Loan Purchase Agreement"),
between the Seller and the Depositor. Pursuant to the Pooling and Servicing
Agreement, dated as of October 1, 2004 (the "Pooling and Servicing Agreement"),
among the Depositor, the Master Servicer and the Trustee, the Depositor will
cause the Initial Mortgage Loans to be assigned to the Trustee for the benefit
of the certificateholders.
The Initial Mortgage Loans included in loan group I and loan group II
had an aggregate principal balance as of the Cut-off Date of approximately
$1,598,711,863.03 and $ 601,288,350.63, respectively.
Subsequent Group I Mortgage Loans (the "Subsequent Group I Mortgage
Loans") and subsequent Group II Mortgage Loans (the "Subsequent Group II
Mortgage Loans"; together with the Subsequent Group I Mortgage Loans, the
"Subsequent Mortgage Loans" and together with the Initial Mortgage Loans, the
"Mortgage Loans") are intended to be purchased by the Trust from the Depositor
from time to time on or before the 90th day following the Closing Date from
funds on deposit in the Pre-Funding Accounts. The Subsequent Mortgage Loans, if
available, will be purchased by the Depositor and sold by the Depositor to the
Trust for deposit in the mortgage pool.
The Mortgage Loans are secured by mortgages or deeds of trust or other
similar security instruments creating first liens and second liens on
residential properties (the "Mortgaged Properties") consisting of attached,
detached or semi-detached one-to four-family dwelling units, individual
condominium units or individual units in planned unit developments and
manufactured housing. The Mortgage Loans will have original terms to maturity of
not greater than 30 years from the date on which the first payment was due on
each Mortgage Loan. Approximately 0.20% of the Group I Mortgage Loans and
approximately 4.09% of the Group II Mortgage Loans are secured by second liens,
in each case by aggregate scheduled principal balance of the related loan group
as of the Cut-off Date.
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 6.56%, 0.41%, 84.55% and 8.47% of the Initial Mortgage
Loans, in each case, by aggregate scheduled principal balance as of the Cut-off
Date, were originated or acquired by the Seller, the Seller's retail lending
affiliate Town & Country Credit Corporation and the Seller's wholesale lending
affiliates, Argent Mortgage Company, LLC and Olympus Mortgage Company,
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 75.69% of the
adjustable-rate Group I Mortgage Loans and approximately 79.46% 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 24.31%
of the
adjustable-rate Group I Mortgage Loans and approximately 20.54% 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 2.00% per annum on the first related Adjustment Date (the "Initial Periodic
Rate Cap") and will not increase or decrease by more than 1.00% per annum on any
Adjustment Date thereafter (the "Periodic Rate Cap"). Each Mortgage Rate on each
adjustable-rate Mortgage Loan will not exceed a specified maximum Mortgage Rate
over the life of such Mortgage Loan (the "Maximum Mortgage Rate") or be less
than a specified minimum Mortgage Rate over the life of such Mortgage Loan (the
"Minimum Mortgage Rate"). Effective with the first monthly payment due on each
adjustable-rate Mortgage Loan after each related Adjustment Date, the monthly
payment amount will be adjusted to an amount that will amortize fully the
outstanding principal balance of the related Mortgage Loan over its remaining
term, and pay interest at the Mortgage Rate as so adjusted. Due to the
application of the Periodic Rate Caps and the Maximum Mortgage Rates, the
Mortgage Rate on each such adjustable-rate Mortgage Loan, as adjusted on any
related Adjustment Date, may be less than the sum of the Index and the related
Gross Margin, rounded as described herein. None of the adjustable-rate Mortgage
Loans permits the related mortgagor to convert the adjustable Mortgage Rate
thereon to a fixed Mortgage Rate.
The Mortgage Loans will have scheduled monthly payments due on the
first day of the month (with respect to each Mortgage Loan, a "Due Date"). Each
Mortgage Loan will contain a customary "due-on-sale" clause which provides that
(subject to state and federal restrictions) the Mortgage Loan must be repaid at
the time of sale of the related mortgaged property or with the consent of the
holder of the mortgage note assumed by a creditworthy purchaser of the related
mortgaged property.
None of the Mortgage Loans will be buydown mortgage loans.
For purposes of calculating interest and principal distributions on the
Class A Certificates, the Mortgage Loans are divided into two loan groups,
designated as the "Group I Mortgage Loans" and the "Group II Mortgage Loans."
The Group I Mortgage Loans consist of adjustable-rate and fixed-rate mortgage
loans with principal balances at origination that conform to Freddie Mac and
Xxxxxx Xxx loan limits and the Group II Mortgage Loans will consist of
adjustable-rate and fixed-rate mortgage loans with principal balances at
origination that may or may not conform to Freddie Mac or Xxxxxx Xxx loan
limits.
Approximately 69.24% of the Initial Group I Mortgage Loans and
approximately 73.11% of the Initial Group II Mortgage Loans, in each case by
aggregate scheduled principal balances of the related loan group as of the
Cut-off Date, provide for payment by the mortgagor of a prepayment charge on
certain principal prepayments, subject to certain limitations in the related
mortgage note and limitations upon collection in the Pooling and Servicing
Agreement. Generally, each such Mortgage Loan provides for payment of a
prepayment charge on certain prepayments made within a defined period set forth
in the related Mortgage Note (generally within the first three years but
possibly as short as one year from the date of origination of such Mortgage
Loan). The amount of the prepayment charge is as provided in the related
Mortgage Note. The holders of the Class P Certificates will be entitled to all
prepayment charges received on the Mortgage Loans in each loan group, and such
amounts will not be available for distribution on the other classes of
Certificates. Under certain instances, as described under the terms of the
Pooling and Servicing Agreement, the Master Servicer may waive the payment of
any otherwise applicable prepayment charge. Investors should conduct their own
analysis of the effect, if any, that the prepayment charges, and decisions by
the Master Servicer with respect to the waiver thereof, may have on the
prepayment performance of the Mortgage Loans.
COLLATERAL TYPE
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
COLLATERAL TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
2 YEAR ARMS 7,937 1,292,004,688.38 58.73 358 39.56 7.652 600 84.03
3 YEAR ARMS 2,270 394,674,116.22 17.94 358 38.52 7.506 616 85.96
FIXED 3,852 513,321,409.06 23.33 348 38.25 7.409 633 80.04
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- -------- --------
TOTAL: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
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PRINCIPAL BALANCES AT ORIGINATION
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
PRINCIPAL % OF REMAINING
RANGE OF NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
AT ORIGINATION($) LOANS ORIGINATION ORIGINATION (MONTHS)* (%)* (%)* FICO* OLTV(%)*
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Less than 50,000.00 822 33,714,549.20 1.53 347 33.64 9.385 616 81.62
50,000.01 - 100,000.00 4,664 330,262,043.00 14.99 350 35.95 8.19 604 82.99
100,000.01 - 150,000 00 2,947 366,500,568.00 16.64 354 38.15 7.727 606 83.88
150,000.01 - 200,000 00 1,984 345,722,883.00 15.7 357 39.47 7.521 605 83.12
200,000.01 - 250,000 00 1,318 295,296,871.00 13.41 357 40.38 7.43 610 82.78
250,000.01 - 300,000 00 864 236,892,103.00 10.76 357 40.01 7.34 609 82.48
300,000.01 - 350,000 00 525 169,867,514.00 7.71 359 40.87 7.326 620 84.83
350,000.01 - 400,000 00 324 121,515,752.00 5.52 357 40.97 7.244 619 84.6
400,000.01 - 450,000 00 221 93,840,609.00 4.26 357 40.17 7.339 619 86.6
450,000.01 - 500,000 00 204 98,257,866.00 4.46 357 39.86 7.267 624 85.16
500,000.01 - 550,000 00 63 33,178,789.00 1.51 359 41.25 6.991 619 82.87
550,000.01 - 600,000 00 55 31,551,197.00 1.43 359 39.42 6.731 631 81.15
600,000.01 - 650,000 00 28 17,507,815.00 0.79 359 40.42 6.979 616 85.17
650,000.01 - 700,000 00 19 12,876,830.00 0.58 359 40.46 6.877 622 76.63
700,000.01 - 750,000 00 20 14,691,138.00 0.67 359 35.43 6.493 622 76.98
850,000.01 - 900,000 00 1 880,000.00 0.04 359 41 7.35 684 80
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 14,059 2,202,556,527.20 100 356 39.06 7.569 611 83.44
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
* Based on the original balances of the Initial Mortgage Loans.
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
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RANGE OF PRINCIPAL % OF REMAINING
PRINCIPAL NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
BALANCES AS OF OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
THE CUT-OFF DATE ($) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Less than 50,000.00 852 35,133,533.55 1.6 347 33.74 9.323 615 81.51
50,000.01 - 100,000.00 4,639 328,812,863.04 14.95 350 35.95 8.19 604 83.02
100,000.01 - 150,000 00 2,948 366,492,994.83 16.66 355 38.16 7.727 606 83.9
150,000.01 - 200,000 00 1,978 344,436,552.58 15.66 357 39.47 7.522 605 83.09
200,000.01 - 250,000 00 1,321 295,724,077.47 13.44 357 40.39 7.429 610 82.77
250,000.01 - 300,000 00 862 236,186,261.72 10.74 357 40.01 7.342 609 82.46
300,000.01 - 350,000 00 527 170,438,735.80 7.75 359 40.87 7.321 620 84.88
350,000.01 - 400,000 00 321 120,337,947.49 5.47 357 40.95 7.25 619 84.57
400,000.01 - 450,000 00 222 94,171,342.04 4.28 356 40.19 7.338 619 86.59
450,000.01 - 500,000 00 203 97,689,020.97 4.44 358 39.84 7.269 624 85.16
500,000.01 - 550,000 00 63 33,144,651.12 1.51 359 41.25 6.991 619 82.87
550,000.01 - 600,000 00 55 31,517,264.05 1.43 359 39.42 6.732 631 81.15
600,000.01 - 650,000 00 28 17,493,407.31 0.8 359 40.42 6.979 616 85.17
650,000.01 - 700,000 00 19 12,865,279.99 0.58 359 40.46 6.877 622 76.63
700,000.01 - 750,000 00 20 14,676,954.66 0.67 359 35.43 6.493 622 76.98
850,000.01 - 900,000 00 1 879,327.04 0.04 359 41 7.35 684 80
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
REMAINING TERM TO MATURITY
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PRINCIPAL % OF REMAINING
RANGE OF NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MONTHS OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
REMAINING LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
61 - 120 10 873,381.81 0.04 119 35.28 8.163 662 66.46
121 - 180 241 22,266,189.78 1.01 179 37.86 7.581 609 73.07
181 - 240 192 19,715,216.55 0.9 239 38.1 7.955 614 79.43
241 - 300 8 955,875.34 0.04 298 38.27 7.813 646 83.97
301 - 360 13,608 2,156,189,550.18 98.01 359 39.09 7.565 611 83.6
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
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MORTGAGE RATE
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RANGE OF PRINCIPAL % OF REMAINING
CURRENT NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
RATES (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
5.500 - 5.999 435 111,247,160.23 5.06 357 38.43 5.874 656 75.89
6.000 - 6.499 1,162 241,895,325.40 11 356 38.38 6.237 635 80.1
6.500 - 6.999 2,244 433,453,453.30 19.7 355 39.29 6.753 625 81.99
7.000 - 7.499 1,903 317,511,493.62 14.43 356 39.41 7.235 617 84.21
7.500 - 7.999 2,680 413,899,890.10 18.81 356 39.51 7.752 602 85.11
8.000 - 8.499 1,768 247,727,252.28 11.26 356 38.79 8.233 593 85.38
8.500 - 8.999 1,717 225,840,843.17 10.27 355 38.9 8.72 587 85.95
9.000 - 9.499 772 94,013,578.95 4.27 356 38.85 9.197 582 85.55
9.500 - 9.999 533 57,064,314.27 2.59 353 39.03 9.697 576 82.89
10.000 - 10.499 184 17,764,189.62 0.81 357 39.65 10.202 573 82.22
10.500 - 10.999 184 13,538,367.82 0.62 353 38.41 10.748 581 82.33
11.000 - 11.499 202 12,208,328.61 0.55 350 38.87 11.213 622 87.55
11.500 - 11.999 124 6,965,179.61 0.32 347 37.51 11.708 609 88.63
12.000 - 12.499 90 4,279,095.50 0.19 358 38.43 12.283 623 96.01
12.500 - 12.999 61 2,591,741.18 0.12 357 32.89 12.586 625 96.41
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
ORIGINAL LOAN-TO-VALUE RATIOS
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RANGE OF PRINCIPAL % OF REMAINING
ORIGINAL LOAN- NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
TO-VALUE OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
RATIOS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
<= 25.00 19 1,272,422.89 0.06 333 33.85 7.191 620 19.21
25.01 - 30.00 28 3,137,599.88 0.14 341 37.44 6.794 608 28.19
30.01 - 35.00 47 5,303,209.80 0.24 343 35.02 7.005 618 33.34
35.01 - 40.00 62 7,169,063.90 0.33 340 40.09 7.154 600 37.77
40. 01 - 45.00 74 9,413,788.87 0.43 344 38.16 7.127 625 42.75
45.01 - 50.00 138 17,778,807.85 0.81 350 38.36 7.416 594 48.01
50.01 - 55.00 165 23,290,811.47 1.06 351 38.02 7.234 591 52.83
55.01 - 60.00 278 42,950,016.04 1.95 351 40.32 7.533 578 58.27
60.01 - 65.00 459 71,997,509.84 3.27 354 39.14 7.37 582 63.46
65.01 - 70.00 687 109,253,794.97 4.97 354 39.44 7.575 583 68.62
70.01 - 75.00 1,099 176,200,723.63 8.01 354 40.85 7.603 580 74.04
75.01 - 80.00 2,419 392,575,194.32 17.84 355 38.46 7.221 608 79.47
80.01 - 85.00 1,644 262,522,877.65 11.93 355 38.95 7.395 600 84.31
85.01 - 90.00 3,618 556,910,116.30 25.31 357 38.16 7.664 611 89.7
90.01 - 95.00 2,498 454,232,934.92 20.65 357 40.25 7.628 638 94.74
95.01- 100.00 824 65,991,341.33 3 355 37.4 9.622 668 99.95
------------------------ ------------ --------------------- ----------------- ----------- ---------- -------------- ----- --------
TOTAL: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- -------------- ----- --------
(1) The loan-to-value ("OLTV") of a first-lien mortgage at any given time is a
fraction, expressed as a percentage, the numerator of which is the principal
balance of the mortgage loan at the date of origination and the denominator of
which is the lesser of the sales price of the related mortgage property and its
appraised value determined in an appraisal obtained by the originator at
origination of the mortgage loan. The OLTV of a second lien mortgage loan at any
given time is a fraction, expressed as a percentage the numerator of which is
(i) the sum of (a) the principal balance of such mortgage loan at the date of
origination plus (b) the outstanding balance of the senior mortgage loan at the
date of origination of such mortgage loan and the denominator of which is (ii)
the lesser of the sales price of the related mortgage property and its appraised
value determined in an appraisal obtained by the originator at origination of
the mortgage loan.
FICO SCORE AT ORIGINATION
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PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF FICO OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
SCORES LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
500 - 519 789 111,257,028.99 5.06 356 42.1 8.478 510 74.99
520 - 539 1,170 168,095,005.73 7.64 355 40.92 8.227 530 77.06
540 - 559 1,383 207,006,631.02 9.41 356 40.13 7.986 551 80.18
560 - 579 1,177 180,556,112.71 8.21 356 39.5 7.752 569 80.3
580 - 599 1,688 270,507,770.93 12.3 356 39.18 7.543 589 83.32
600 - 619 1,906 306,720,495.91 13.94 356 38.71 7.466 609 85.57
620 - 639 1,954 305,439,943.03 13.88 355 39.07 7.372 629 85.87
640 - 659 1,417 223,514,879.06 10.16 355 38.4 7.253 649 86.15
660 - 679 937 149,628,963.70 6.8 356 38.07 7.217 669 86.11
680 - 699 702 116,952,235.65 5.32 357 37.4 7.202 688 87.37
700 - 719 405 71,436,885.60 3.25 355 36.87 7.162 709 87.2
720 - 739 236 38,000,041.13 1.73 356 37.59 7.19 729 85.7
740 - 759 151 28,111,876.13 1.28 354 36.72 6.997 749 85.42
760 - 779 88 14,267,893.24 0.65 355 34.36 7.33 767 86.9
780 - 799 49 7,528,579.98 0.34 352 34.01 7.218 788 81.34
800 - 819 7 975,870.85 0.04 359 39.58 7.033 804 80.52
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
DEBT-TO-INCOME RATIO
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RANGE OF PRINCIPAL % OF REMAINING
DEBT-TO- NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INCOME OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
RATIOS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
<= 20.000 923 114,915,749.79 5.22 354 14.79 7.571 629 81.64
20.01 - 25.00 935 115,657,690.33 5.26 355 23.19 7.632 617 82.79
25.01 - 30.00 1,307 170,539,328.10 7.75 355 28.15 7.586 612 82.59
30.01 - 35.00 1,855 268,965,445.88 12.23 355 33.17 7.492 617 83.3
35.01 - 40.00 2,350 368,144,289.51 16.73 356 38.14 7.585 613 84.07
40.01 - 45.00 3,048 504,358,897.97 22.93 356 43.04 7.574 614 84.68
45.01 - 50.00 3,131 566,223,781.88 25.74 356 48.11 7.546 604 85.28
50.01 - 55.00 510 91,195,030.20 4.15 355 53.16 7.729 572 67.8
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
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GEOGRAPHIC DISTRIBUTION
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PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
STATE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
AK 47 8,028,470.29 0.36 359 37.84 7.743 626 87.29
AL 136 13,574,888.99 0.62 353 38.38 8.038 606 85.85
AR 18 1,687,408.79 0.08 353 34.77 8.172 596 85.46
AZ 672 76,784,404.58 3.49 355 37.37 7.697 610 86.89
CA 2,313 595,276,283.66 27.06 357 40.76 7.181 609 79.23
CO 248 40,930,693.53 1.86 356 39.01 7.426 614 86.61
CT 185 35,789,817.73 1.63 356 39.05 7.475 611 83.39
DE 20 2,954,301.35 0.13 353 39.4 7.838 599 82.49
FL 1,460 196,036,844.03 8.91 355 38.88 7.7 612 84.38
GA 324 41,933,904.72 1.91 357 36.69 7.808 612 87.06
HI 102 25,877,320.65 1.18 357 41.51 6.92 637 81.92
IA 87 7,583,934.90 0.34 352 37.76 7.956 599 87
ID 30 3,747,076.36 0.17 347 35.32 7.432 607 83.07
IL 1,020 155,482,510.23 7.07 358 38.98 7.874 617 87.24
IN 426 30,989,079.46 1.41 356 35.34 7.967 607 86.84
KS 80 6,935,441.57 0.32 354 36.44 8.136 603 85.35
KY 101 9,232,736.72 0.42 350 37.19 7.774 598 85.31
LA 155 14,565,502.19 0.66 349 36.45 8.059 585 82.52
MA 274 60,752,190.26 2.76 358 39.55 7.487 615 81.51
MD 334 59,327,528.99 2.7 354 38.54 7.472 604 84.5
ME 37 4,800,254.86 0.22 354 35.15 7.348 605 82.27
MI 864 86,447,393.96 3.93 357 37.2 7.895 601 85.08
MN 215 37,606,803.91 1.71 358 40.92 7.584 613 87.07
MO 325 28,964,149.03 1.32 355 38.14 8.03 592 86
MS 108 8,730,585.82 0.4 346 38.19 8.002 600 85.76
MT 4 458,111.28 0.02 359 40.47 6.996 587 58.47
NC 181 18,348,544.26 0.83 354 36.99 7.921 602 83.64
ND 10 749,329.80 0.03 346 38.84 7.23 633 85.83
NE 64 5,722,676.12 0.26 355 38.27 7.628 612 86.74
NH 30 4,994,398.96 0.23 359 38.47 7.408 613 79.42
NJ 348 78,325,309.65 3.56 357 39.39 7.609 618 84.46
NM 56 6,308,270.59 0.29 358 35.73 7.95 616 89.85
NV 267 48,512,599.48 2.21 358 38.88 7.654 616 83.06
NY 593 161,129,409.82 7.32 356 39.78 7.593 626 83.89
OH 711 66,919,078.29 3.04 353 37.59 7.728 601 87.13
OK 97 8,347,611.69 0.38 352 36.82 8.385 594 86.17
OR 84 12,084,462.35 0.55 355 36.15 7.332 622 83.27
PA 314 34,278,837.15 1.56 351 36.73 7.675 600 84.06
RI 87 14,511,631.98 0.66 353 38.28 7.458 618 80.85
SC 108 9,404,936.20 0.43 350 35 7.885 593 84.3
SD 10 1,157,425.04 0.05 359 34.35 8.255 582 88.32
TN 248 21,488,959.08 0.98 348 36.68 8.098 603 86.86
TX 691 75,350,564.26 3.43 343 37.44 8.008 601 83.69
UT 151 18,609,169.69 0.85 358 37.75 7.547 628 87.32
VT 4 445,708.66 0.02 359 45.26 7.771 530 78.26
WA 227 37,876,878.58 1.72 358 39.38 7.528 613 85
WI 185 19,997,936.88 0.91 355 39.05 8.077 604 86.06
WY 8 938,837.27 0.04 341 37.08 8.09 604 88.39
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Total: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
OCCUPANCY STATUS
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PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OCCUPANCY OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
STATUS* LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Owner Occupied 12,023 1,982,398,978.00 90.11 355 39.73 7.521 607 83.33
Non-owner Occupied 1,919 199,532,896.30 9.07 357 32.52 8.061 644 84.78
Second Home 117 18,068,339.36 0.82 357 38.29 7.396 627 81.49
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INCOME OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
DOCUMENTATION LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Full Docs 8,329 1,216,502,039.47 55.3 355 39.3 7.333 602 82.37
Stated Docs 4,760 815,220,810.32 37.06 357 39.2 7.945 625 85.11
Limited Docs 970 168,277,363.87 7.65 355 36.71 7.454 606 83.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
PURPOSE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Refi-Cash Out** 8,273 1,365,965,487.76 62.09 354 39.57 7.45 597 80.28
Purchase 5,073 731,114,696.67 33.23 358 38.11 7.826 636 89.41
Refi-No Cashout*** 713 102,920,029.23 4.68 353 39.07 7.321 612 83.11
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
** 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.
CREDIT GRADE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
RISK CATEGORY LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
8A 46 8,039,269.87 0.37 329 36.82 6.539 742 75.43
7A 49 9,524,046.21 0.43 348 40.6 6.897 691 80.59
6A 56 10,004,449.93 0.45 351 40.82 6.884 670 80.65
5A 109 14,843,889.14 0.67 342 40.64 7.031 649 77.25
4A 59 12,478,310.69 0.57 341 41.77 7.35 628 79.85
3A 60 9,956,379.01 0.45 334 37.69 7.278 615 75.64
2A 169 28,766,575.72 1.31 351 39.66 7.471 587 76.26
1 9,080 1,374,007,483.05 62.45 356 38.52 7.439 626 85.96
2 951 157,343,318.21 7.15 357 38.92 7.597 586 82.53
3 987 154,938,273.68 7.04 355 39.4 7.629 580 82.66
4 660 95,413,894.78 4.34 357 39.27 8.043 569 79.72
5 379 63,916,213.16 2.91 355 42.04 8.223 557 70.04
6 100 14,484,498.26 0.66 357 43.58 9.893 543 66.15
A+ 424 91,002,149.99 4.14 358 39.21 7.357 627 84.89
A 286 51,156,643.28 2.33 353 41.53 7.615 596 80.47
A- 83 15,831,013.98 0.72 356 38.96 7.996 551 75.13
B 258 38,445,707.58 1.75 353 42.21 8.615 546 73.31
C 202 31,534,754.07 1.43 357 40.54 8.466 539 68.33
C- 68 14,117,319.35 0.64 358 42.38 8.823 554 78.74
D 33 4,196,023.70 0.19 346 42.63 9.058 527 58.29
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
PROPERTY TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
PROPERTY TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Single Family Detached 10,568 1,618,462,064.17 73.57 355 39.21 7.541 607 83.22
Two-to-Four Family 1,010 202,453,031.93 9.2 357 38.07 7.743 632 84.15
Condominium 842 126,985,711.98 5.77 356 39.07 7.616 626 85.39
PUD Detached 1,015 195,130,936.66 8.87 357 39.42 7.565 607 84.99
Manufactured Housing 558 47,292,245.72 2.15 352 37.25 7.656 614 76.17
PUD Attached 46 7,337,098.02 0.33 358 39.04 7.622 617 88.42
Single Family Attached 20 2,339,125.18 0.11 347 34.84 8.055 613 74.41
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
PREPAYMENT CHARGE TERM AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT PRINCIPAL % OF REMAINING
CHARGE TERM AT NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
ORIGINATION OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
(MONTHS) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
0 4,378 653,546,704.22 29.71 355 38.57 7.858 615 85.45
12 460 99,022,894.64 4.5 355 38.41 7.522 626 81.9
24 4,517 717,118,946.55 32.6 358 39.54 7.652 600 84.29
36 4,704 730,311,668.25 33.2 354 39.13 7.235 615 81.03
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
CONFORMING OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
BALANCE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Conforming 13,126 1,784,898,715.37 81.13 355 38.75 7.666 609 83.27
Balance
Non-Conforming 933 415,101,498.29 18.87 358 40.41 7.151 618 84.21
Balance
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 14,059 2,200,000,213.66 100 356 39.06 7.569 611 83.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
RANGE OF ADJUSTABLE RATE % OF REMAINING
MAXIMUM NUMBER MORTGAGE LOANS PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES
RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
11.500 - 11.999 275 62,992,205.70 3.73 358 39.68 5.88 638 80.08
12.000 - 12.499 773 158,755,438.37 9.41 358 38.79 6.246 626 82.38
12.500 - 12.999 1,578 310,821,902.16 18.43 358 39.19 6.758 621 83.69
13.000 - 13.499 1,469 253,776,718.66 15.05 358 39.33 7.234 614 85.05
13.500 - 13.999 2,111 344,699,246.52 20.44 358 39.75 7.755 599 85.75
14.000 - 14.499 1,449 212,279,667.07 12.59 358 38.79 8.234 591 85.73
14.500 - 14.999 1,349 190,782,620.33 11.31 358 39.37 8.72 584 86.23
15.000 - 15.499 611 79,675,452.49 4.72 358 38.95 9.195 579 85.53
15.500 - 15.999 369 45,677,976.99 2.71 357 39.32 9.699 568 82.14
16.000 - 16.499 102 12,862,371.33 0.76 359 41.54 10.194 556 78.09
16.500 - 16.999 61 7,742,549.11 0.46 353 41.01 10.734 533 72.73
17.000 - 17.499 34 4,197,397.16 0.25 358 44.96 11.235 527 66.34
17.500 - 17.999 19 2,024,986.16 0.12 359 43.89 11.731 519 63.92
18.000 - 18.499 4 228,271.95 0.01 358 48.01 12.275 533 64.47
18.500 - 18.999 3 162,000.60 0.01 356 24.65 12.858 558 67.75
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,207 1,686,678,804.60 100 358 39.31 7.618 604 84.48
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
------------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
RANGE OF ADJUSTABLE RATE % OF REMAINING
MINIMUM NUMBER MORTGAGE LOANS PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES
RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
5.500 - 5.999 275 62,992,205.70 3.73 358 39.68 5.88 638 80.08
6.000 - 6.499 773 158,755,438.37 9.41 358 38.79 6.246 626 82.38
6.500 - 6.999 1,578 310,821,902.16 18.43 358 39.19 6.758 621 83.69
7.000 - 7.499 1,469 253,776,718.66 15.05 358 39.33 7.234 614 85.05
7.500 - 7.999 2,111 344,699,246.52 20.44 358 39.75 7.755 599 85.75
8.000 - 8.499 1,449 212,279,667.07 12.59 358 38.79 8.234 591 85.73
8.500 - 8.999 1,349 190,782,620.33 11.31 358 39.37 8.72 584 86.23
9.000 - 9.499 611 79,675,452.49 4.72 358 38.95 9.195 579 85.53
9.500 - 9.999 369 45,677,976.99 2.71 357 39.32 9.699 568 82.14
10.000 - 10.499 102 12,862,371.33 0.76 359 41.54 10.194 556 78.09
10.500 - 10.999 61 7,742,549.11 0.46 353 41.01 10.734 533 72.73
11.000 - 11.499 34 4,197,397.16 0.25 358 44.96 11.235 527 66.34
11.500 - 11.999 19 2,024,986.16 0.12 359 43.89 11.731 519 63.92
12.000 - 12.499 4 228,271.95 0.01 358 48.01 12.275 533 64.47
12.500 - 12.999 3 162,000.60 0.01 356 24.65 12.858 558 67.75
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,207 1,686,678,804.60 100 358 39.31 7.618 604 84.48
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE % OF REMAINING
RANGE OF NUMBER MORTGAGE LOANS PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES
MARGINS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
4.500 - 4.749 202 27,003,134.19 1.6 356 37.46 7.477 614 86.03
4.750 - 4.999 16 3,405,032.03 0.2 359 40.74 6.553 701 84.76
5.000 - 5.249 27 4,769,544.93 0.28 359 39.38 7.048 649 90.83
5.250 - 5.499 27 5,904,998.05 0.35 356 39.78 6.565 664 82.88
5.500 - 5.749 661 140,537,448.38 8.33 358 40.36 7.5 606 83.67
5.750 - 5.999 51 10,841,159.43 0.64 355 40.31 7.351 613 80.6
6.000 - 6.249 8,440 1,382,014,300.19 81.94 358 39.13 7.58 607 85.37
6.250 - 6.499 78 11,177,086.63 0.66 348 39.45 7.994 568 71.57
6.500 - 6.749 466 64,138,870.14 3.8 356 40.43 8.241 562 78.81
6.750 - 6.999 132 18,072,047.46 1.07 354 40.24 8.507 544 65.44
7.000 - 7.249 107 18,815,183.17 1.12 359 41.66 9.129 537 69.59
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,207 1,686,678,804.60 100 358 39.31 7.618 604 84.48
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE % OF REMAINING
NEXT RATE NUMBER MORTGAGE LOANS PRINCIPAL TERM TO DEBT-TO- MORTGAGE
ADJUSTMENT OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES
DATE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
2006-03 8 897,591.83 0.05 353 33.63 8.181 587 88.69
2006-04 89 10,141,623.30 0.6 354 39.52 7.565 594 86.98
2006-05 152 14,488,110.64 0.86 354 36.36 7.559 608 84.08
2006-06 210 25,342,771.87 1.5 356 38.26 7.535 592 85.13
2006-07 448 61,246,137.37 3.63 357 39.05 7.599 610 88.77
2006-08 1,444 200,845,293.36 11.91 358 39.07 7.745 604 86.56
2006-09 5,390 948,686,053.01 56.25 358 39.81 7.63 600 83.11
2006-10 196 30,357,107.00 1.8 359 38.64 7.985 584 84.59
2007-03 2 461,737.86 0.03 353 41.15 7.616 558 83.81
2007-04 17 1,240,124.82 0.07 354 33.62 7.361 643 83.69
2007-05 55 5,200,710.44 0.31 355 38.35 7.619 615 87.64
2007-06 44 6,050,447.15 0.36 355 38.85 7.24 597 87.79
2007-07 150 20,609,461.68 1.22 355 39.35 7.599 619 89.63
2007-08 370 53,507,702.69 3.17 358 38.72 7.473 626 87.67
2007-09 1,578 299,646,615.58 17.77 359 38.41 7.502 616 85.38
2007-10 54 7,957,316.00 0.47 360 39.25 7.762 576 84.9
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,207 1,686,678,804.60 100 358 39.31 7.618 604 84.48
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
INITIAL PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE % OF REMAINING
INITIAL NUMBER MORTGAGE LOANS PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PERIODIC OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES
RATE CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
2.000 10,207 1,686,678,804.60 100 358 39.31 7.618 604 84.48
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,207 1,686,678,804.60 100 358 39.31 7.618 604 84.48
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
------------------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE % OF REMAINING
SUBSEQUENT NUMBER MORTGAGE LOANS PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PERIODIC OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES
RATE CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
1.000 10,207 1,686,678,804.60 100 358 39.31 7.618 604 84.48
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,207 1,686,678,804.60 100 358 39.31 7.618 604 84.48
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
GROUP I MORTGAGE LOAN STATISTICS
The Initial Group I Mortgage Loans consist of 10,577 adjustable-rate
and fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $1,598,711,863.03, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date, and subject to a permitted variance of plus or minus 5%. None of
the Initial Group I Mortgage Loans had a first Due Date prior to April 1, 2004
or after November 1, 2004, or will have a remaining term to stated maturity of
less than 119 months or greater than 360 months as of the Cut-off Date. The
latest maturity date of any Initial Group I Mortgage Loan is October 1, 2034.
COLLATERAL TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
COLLATERAL TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
2 YEAR ARMS 6,489 969,360,284.79 60.63 358 39.25 7.716 601 83.83
3 YEAR ARMS 1,943 311,288,944.27 19.47 358 38.39 7.569 615 85.71
FIXED 2,145 318,062,633.97 19.89 348 38.88 7.105 633 78.72
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
PRINCIPAL BALANCES AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
RANGE OF NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
AT ORIGINATION($) LOANS ORIGINATION ORIGINATION (MONTHS)* (%)* (%)* FICO* OLTV(%)*
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Less than 50,000.00 211 9,934,081.00 0.62 350 31.64 8.406 602 72.26
50,000.01 - 100,000.00 3,149 230,034,268.00 14.37 352 36.15 8.015 606 82.76
100,000.01- 150,000.00 2,662 332,310,501.00 20.76 355 38.19 7.701 608 83.75
150,000.01 - 200,000 00 1,905 332,443,558.00 20.77 357 39.52 7.503 606 83.04
200,000.01 - 250,000 00 1,289 288,944,586.00 18.05 357 40.35 7.419 610 82.79
250,000.01 - 300,000 00 843 231,124,603.00 14.44 358 39.94 7.33 610 82.51
300,000.01 - 350,000 00 401 127,761,997.00 7.98 359 40.7 7.328 623 85.05
350,000.01 - 400,000 00 62 23,344,049.00 1.46 357 38.59 7.508 640 86.32
400,000.01 - 450,000 00 34 14,063,618.00 0.88 358 41.61 7.467 647 87.64
450,000.01 - 500,000 00 15 7,331,200.00 0.46 359 40.15 7.1 629 76.61
500,000.01 - 550,000 00 4 2,076,100.00 0.13 359 30.23 6.885 641 84.89
550,000.01 - 600,000 00 2 1,148,000.00 0.07 359 39.56 6.92 629 80
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,600,516,561.00 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
*Based on the original balances of the Initial Mortgage Loans.
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
RANGE OF PRINCIPAL NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
BALANCES AS OF THE OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
CUT-OFF DATE ($) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Less than 50,000.00 228 10,760,668.26 0.67 351 32.29 8.364 601 72.9
50,000.01 - 100,000.00 3,136 229,281,651.04 14.34 352 36.14 8.015 606 82.77
100,000.01 - 150,000 00 2,663 332,290,308.29 20.78 355 38.19 7.701 608 83.78
150,000.01 - 200,000 00 1,900 331,336,434.32 20.73 357 39.52 7.503 606 83.02
200,000.01 - 250,000 00 1,292 289,378,072.29 18.1 357 40.36 7.417 610 82.79
250,000.01 - 300,000 00 841 230,426,781.65 14.41 358 39.94 7.333 610 82.5
300,000.01 - 350,000 00 400 127,328,032.42 7.96 359 40.68 7.327 623 85.09
350,000.01 - 400,000 00 62 23,322,572.58 1.46 357 38.59 7.508 640 86.32
400,000.01 - 450,000 00 34 14,045,026.35 0.88 358 41.61 7.467 647 87.64
450,000.01 - 500,000 00 15 7,321,458.36 0.46 359 40.15 7.1 629 76.6
500,000.01 - 550,000 00 4 2,073,814.32 0.13 359 30.23 6.885 641 84.9
550,000.01 - 600,000 00 2 1,147,043.15 0.07 359 39.56 6.92 629 80
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
------------------------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MONTHS OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
REMAINING LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
61 - 120 5 459,757.45 0.03 119 32.19 7.222 709 61.95
121 - 180 141 14,320,981.41 0.9 179 37.68 7.368 617 73.47
181 - 240 109 12,644,370.14 0.79 239 38.4 7.571 619 76.9
241 - 300 6 694,067.35 0.04 298 41.25 7.132 662 82.2
301 - 360 10,316 1,570,592,686.68 98.24 359 39.03 7.568 610 83.33
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
------------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF CURRENT OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
MORTGAGE RATES (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
5.500 - 5.999 312 63,401,431.22 3.97 357 38.58 5.878 649 74.93
6.000 - 6.499 894 164,107,196.11 10.26 356 38.62 6.243 636 79.38
6.500 - 6.999 1,808 310,930,798.16 19.45 355 38.87 6.751 626 81.15
7.000 - 7.499 1,550 241,130,592.86 15.08 356 39.55 7.235 618 84.07
7.500 - 7.999 2,218 324,366,295.40 20.29 356 39.29 7.752 604 85.14
8.000 - 8.499 1,454 197,062,881.02 12.33 356 38.55 8.231 595 85.66
8.500 - 8.999 1,233 164,146,612.49 10.27 357 38.66 8.714 586 86.06
9.000 - 9.499 547 69,433,336.17 4.34 358 38.79 9.198 581 85.92
9.500 - 9.999 311 37,831,319.28 2.37 357 39.51 9.703 568 81.98
10.000 - 10.499 91 11,148,143.21 0.7 359 41.14 10.2 561 79.26
10.500 - 10.999 70 7,577,216.82 0.47 351 40.51 10.734 544 74.35
11.000 - 11.499 43 4,208,581.46 0.26 354 43.45 11.221 555 71.68
11.500 - 11.999 25 2,301,319.22 0.14 348 43.05 11.724 550 72.93
12.000 - 12.499 16 801,377.25 0.05 355 36.91 12.298 621 94.3
12.500 - 12.999 5 264,762.36 0.02 357 25.13 12.768 565 67.68
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
ORIGINAL LOAN-TO-VALUE RATIOS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
RANGE OF ORIGINAL NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
LOAN-TO-VALUE OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
RATIOS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
<= 25.00 14 1,002,890.55 0.06 339 33.43 6.957 630 19.52
25.01 - 30.00 19 2,051,917.45 0.13 340 35.37 6.666 608 28.1
30.01 - 35.00 33 3,498,783.08 0.22 343 31.22 7.259 592 33.21
35.01 - 40.00 52 6,213,827.20 0.39 343 39.51 7.005 607 37.86
40.01 - 45.00 57 7,651,038.19 0.48 346 37.6 7.075 618 42.78
45.01 - 50.00 107 14,658,166.57 0.92 351 38.81 7.403 601 47.95
50.01 - 55.00 124 17,585,410.91 1.1 351 38.83 7.304 585 52.75
55.01 - 60.00 212 32,076,521.81 2.01 351 40.61 7.601 577 58.33
60.01 - 65.00 356 56,618,011.49 3.54 355 39.99 7.393 580 63.53
65.01 - 70.00 497 80,421,540.57 5.03 357 39.83 7.639 578 68.6
70.01 - 75.00 822 124,840,216.84 7.81 355 40.45 7.609 582 73.93
75.01 - 80.00 1,959 302,561,591.64 18.93 355 38.54 7.225 610 79.51
80.01 - 85.00 1,225 180,826,380.64 11.31 356 38.82 7.455 601 84.35
85.01 - 90.00 2,778 386,577,712.69 24.18 357 37.85 7.757 609 89.74
90.01 - 95.00 2,090 350,827,123.47 21.94 357 39.96 7.64 638 94.78
95.01 - 100.00 232 31,300,729.93 1.96 357 38.74 8.796 673 99.92
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
(1) The loan-to-value ("OLTV") of a first-lien mortgage at any given time is a
fraction, expressed as a percentage, the numerator of which is the principal
balance of the mortgage loan at the date of origination and the denominator of
which is the lesser of the sales price of the related mortgage property and its
appraised value determined in an appraisal obtained by the originator at
origination of the mortgage loan. The OLTV of a second lien mortgage loan at any
given time is a fraction, expressed as a percentage the numerator of which is
(i) the sum of (a) the principal balance of such mortgage loan at the date of
origination plus (b) the outstanding balance of the senior mortgage loan at the
date of origination of such mortgage loan and the denominator of which is (ii)
the lesser of the sales price of the related mortgage property and its appraised
value determined in an appraisal obtained by the originator at origination of
the mortgage loan.
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF FICO OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
SCORES LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
500 - 519 565 79,605,489.60 4.98 357 42.33 8.524 510 74.68
520 - 539 865 124,409,479.29 7.78 357 40.7 8.28 530 77.19
540 - 559 1,046 151,457,706.57 9.47 356 39.95 7.988 551 79.78
560 - 579 872 128,766,410.50 8.05 357 39.58 7.771 569 80.19
580 - 599 1,321 199,310,681.89 12.47 357 38.87 7.589 589 83.23
600 - 619 1,486 226,816,307.28 14.19 356 38.46 7.456 609 85.45
620 - 639 1,441 218,954,826.24 13.7 355 38.91 7.3 629 85.3
640 - 659 1,077 166,779,902.34 10.43 355 38.64 7.211 649 85.17
660 - 679 697 112,144,359.44 7.01 357 38.33 7.15 669 85.99
680 - 699 517 80,556,577.93 5.04 356 37.53 7.201 689 87.09
700 - 719 308 51,041,139.85 3.19 354 37.17 7.184 709 87.12
720 - 739 166 25,963,927.45 1.62 357 37.92 7.182 729 86.46
740 - 759 111 17,907,691.43 1.12 353 36.18 7.148 748 86.54
760 - 779 62 9,163,344.17 0.57 353 33.85 7.346 767 87.22
780 - 799 38 5,436,336.07 0.34 353 32.41 7.158 789 80.8
800 - 819 5 397,682.98 0.02 359 32.51 6.653 806 83.51
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
------------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF DEBT-TO- OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
INCOME RATIOS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
<= 20.000 642 80,705,633.28 5.05 354 14.76 7.59 627 81.76
20.01 - 25.00 663 84,132,886.81 5.26 355 23.19 7.536 616 82.45
25.01 - 30.00 926 121,034,518.26 7.57 356 28.17 7.571 610 82.18
30.01 - 35.00 1,407 201,074,036.03 12.58 356 33.18 7.505 614 83.28
35.01 - 40.00 1,825 277,897,329.57 17.38 356 38.12 7.564 614 83.93
40.01 - 45.00 2,312 375,208,868.10 23.47 357 43.03 7.557 614 84.2
45.01 - 50.00 2,396 390,772,478.36 24.44 356 48.12 7.578 604 85.04
50.01 - 55.00 406 67,886,112.62 4.25 355 53.09 7.738 571 67.83
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
GEOGRAPHIC DISTRIBUTION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
STATE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
AK 39 7,432,904.95 0.46 359 38.06 7.619 626 87.18
AL 101 10,380,388.70 0.65 353 37.32 7.841 609 85.23
AR 15 1,418,162.66 0.09 352 33.54 7.992 600 85.67
AZ 461 58,498,708.04 3.66 357 37.96 7.621 610 87.45
CA 1,731 355,978,323.28 22.27 357 40.8 7.293 604 76.98
CO 207 34,032,899.08 2.13 357 38.99 7.331 615 86.68
CT 163 28,651,008.40 1.79 356 38.85 7.503 607 84.02
DE 16 2,634,999.77 0.16 352 39.25 7.769 589 81.59
FL 1,109 155,854,028.38 9.75 356 39.17 7.609 614 84.63
GA 284 37,296,174.48 2.33 356 36.8 7.745 613 86.94
HI 84 22,712,064.75 1.42 357 41.54 6.831 636 82.13
IA 66 6,062,456.38 0.38 354 37.45 7.794 605 87.88
ID 26 3,007,790.10 0.19 344 38.93 7.524 595 82.81
IL 867 137,406,450.58 8.59 358 39.1 7.762 617 86.81
IN 267 19,949,149.45 1.25 357 35.2 7.932 609 87.35
KS 56 5,396,960.55 0.34 355 37.03 8.092 598 85.66
KY 69 7,304,470.01 0.46 354 37.8 7.688 605 87.15
LA 91 9,576,718.47 0.6 349 34.77 7.781 590 84
MA 204 43,089,414.25 2.7 357 39.51 7.397 617 78.82
MD 239 43,306,636.03 2.71 354 38.78 7.419 607 84.33
ME 25 3,829,715.11 0.24 358 35.13 7.242 607 82.37
MI 533 60,064,644.42 3.76 358 37.75 7.801 603 86.52
MN 198 33,054,587.46 2.07 358 40.98 7.556 613 87.17
MO 232 22,277,546.01 1.39 356 37.95 7.933 594 86.47
MS 73 6,378,439.00 0.4 351 37.98 7.822 603 86.51
MT 3 338,199.45 0.02 359 38.51 6.799 596 67.25
NC 163 16,762,443.82 1.05 354 36.95 7.805 602 83.54
ND 6 560,014.30 0.04 342 38.38 6.988 629 85.83
NE 52 5,106,470.50 0.32 356 38.41 7.54 616 86.56
NH 26 4,395,342.63 0.27 359 40.46 7.437 607 77.78
NJ 291 59,413,368.09 3.72 357 38.45 7.678 619 83.8
NM 47 5,826,474.38 0.36 358 35.8 7.849 617 90.42
NV 222 39,025,271.37 2.44 359 38.65 7.611 614 81.63
NY 404 97,912,507.35 6.12 356 39.77 7.62 618 82.12
OH 496 49,852,239.89 3.12 354 38 7.633 606 87.78
OK 68 6,480,407.86 0.41 353 36.68 8.21 591 85.82
OR 68 9,939,225.02 0.62 354 35.92 7.248 616 83.03
PA 222 26,703,487.65 1.67 357 37.21 7.615 601 84.9
RI 70 13,305,673.61 0.83 355 38.47 7.295 614 80.28
SC 92 7,804,279.85 0.49 351 35.41 7.817 591 84.88
SD 8 753,454.38 0.05 359 28.66 8.203 611 89.64
TN 178 15,673,154.31 0.98 349 36.52 8.009 605 87.83
TX 569 62,184,700.93 3.89 345 37.49 7.935 603 84.29
UT 117 15,546,109.57 0.97 359 38.18 7.406 630 87.66
VT 4 445,708.66 0.03 359 45.26 7.771 530 78.26
WA 167 27,681,937.67 1.73 359 38.84 7.44 614 84.15
WI 142 16,618,404.95 1.04 358 38.78 7.936 609 86.38
WY 6 788,346.48 0.05 358 38.85 7.845 617 90.13
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Total: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
------------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OCCUPATION OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
STATUS* LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Owner Occupied 9,043 1,427,865,353.27 89.31 356 39.71 7.518 606 83
Non-owner Occupied 1,437 158,145,231.30 9.89 357 32.68 8.013 646 85.01
Second Home 97 12,701,278.46 0.79 356 38.78 7.423 622 80.23
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
*Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INCOME OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
DOCUMENTATION LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Full Docs 6,301 899,887,350.95 56.29 355 39.33 7.335 601 82.35
Stated Docs 3,506 578,428,572.59 36.18 357 38.99 7.934 625 84.43
Limited Docs 770 120,395,939.49 7.53 355 36.72 7.527 606 83.34
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
PURPOSE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Refi-Cash Out ** 6,186 973,823,872.22 60.91 355 39.55 7.481 597 79.86
Purchase 3,801 542,680,488.55 33.94 358 38.07 7.756 634 89.02
Refi-No Cashout *** 590 82,207,502.26 5.14 354 38.86 7.314 609 83.9
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
** Cash proceeds to the borrower inclusive of debt consolidation
payments exceed 2% or $2000 of the original principal balance of the
related loan. Also includes all home equity loans originated in Texas
with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation
payments do not exceed 2% or $2000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
CREDIT GRADE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
RISK CATEGORY LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
8A 39 6,071,132.36 0.38 319 36.65 6.613 745 74.43
7A 43 6,529,009.80 0.41 343 42.33 6.724 693 79.09
6A 45 5,909,734.11 0.37 346 38.62 7.136 670 79.32
5A 99 13,098,973.30 0.82 343 40.47 7 649 76.81
4A 37 5,408,270.53 0.34 340 42.22 7.337 629 76.34
3A 44 6,265,921.05 0.39 352 36.74 7.069 614 71.85
2A 143 23,040,935.99 1.44 354 38.88 7.421 587 74.51
1 6,749 1,002,447,454.27 62.7 356 38.56 7.42 625 85.89
2 729 113,065,356.94 7.07 357 38.78 7.607 586 82.33
3 738 111,275,271.61 6.96 356 39.33 7.659 582 82.99
4 484 70,213,601.15 4.39 357 38.95 8.049 570 79.59
5 257 41,948,275.24 2.62 357 41.45 8.244 559 70.53
6 61 8,671,321.57 0.54 356 44.75 10.203 538 65.28
A+ 336 64,704,440.69 4.05 358 39.22 7.425 621 83.74
A 209 34,548,406.05 2.16 355 40.95 7.563 590 78.24
A- 72 13,141,464.27 0.82 356 38.89 8.014 554 74.72
B 233 32,647,079.44 2.04 353 41.61 8.615 547 72.48
C 180 27,155,865.54 1.7 356 40.99 8.452 541 67.94
C- 52 9,174,206.00 0.57 359 42.84 9.256 556 75.67
D 27 3,395,143.12 0.21 343 42.79 8.939 525 57.58
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
------------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
PROPERTY TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Single Family Detached 7,872 1,156,616,079.26 72.35 356 39.15 7.544 606 83.04
Two-to-Four Family 782 161,936,959.64 10.13 357 37.91 7.693 631 83.05
PUD Detached 771 135,932,964.23 8.5 356 39.62 7.569 607 85.08
Condominium 670 98,371,298.08 6.15 357 38.86 7.582 623 84.78
Manufactured Housing 426 38,490,673.22 2.41 355 37.57 7.57 618 77.02
PUD Attached 37 5,078,652.86 0.32 359 40.83 7.843 619 88.51
Single Family Attached 19 2,285,235.74 0.14 347 35.12 8.058 612 74.04
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
PREPAYMENT CHARGE TERM
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
PREPAYMENT CHARGE NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
TERM AT ORIGINATION OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
(MOS.) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
0 3,201 491,841,061.39 30.76 355 38.5 7.757 612 84.72
12 338 61,395,018.78 3.84 355 38.37 7.555 628 81.44
24 3,693 543,400,203.29 33.99 358 39.3 7.699 601 84.26
36 3,345 502,075,579.57 31.41 354 39.27 7.237 615 80.71
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
CONFORMING BALANCE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Conforming Balance 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 10,577 1,598,711,863.03 100 356 39.01 7.566 610 83.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
&&&
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
BALANCE OF
ADJUSTABLE RATE % OF REMAINING
NUMBER MORTGAGE LOANS PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MAXIMUM OF MORTGAGE AS OF THE BALANCE AS OF MATURITY INCOME RATES
MORTGAGE RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
11.500 - 11.999 205 39,534,574.66 3.09 358 38.83 5.874 639 77.88
12.000 - 12.499 610 109,467,119.14 8.55 358 38.72 6.253 628 81.73
12.500 - 12.999 1,288 222,686,207.71 17.39 358 38.63 6.756 621 82.78
13.000 - 13.499 1,209 191,688,299.27 14.97 358 39.46 7.234 616 84.96
13.500 - 13.999 1,764 267,036,553.17 20.85 358 39.48 7.757 602 85.78
14.000 - 14.499 1,208 168,961,354.61 13.19 358 38.52 8.23 594 85.95
14.500 - 14.999 1,130 153,221,197.89 11.96 358 38.79 8.723 586 86.15
15.000 - 15.499 534 68,355,689.97 5.34 358 38.79 9.197 581 85.92
15.500 - 15.999 301 36,892,277.41 2.88 357 39.38 9.702 567 81.8
16.000 - 16.499 83 10,506,256.82 0.82 359 41.75 10.192 558 78.34
16.500 - 16.999 54 6,857,519.02 0.54 353 41.06 10.734 532 72.7
17.000 - 17.499 27 3,434,950.42 0.27 359 44.54 11.23 529 65.3
17.500 - 17.999 14 1,730,310.07 0.14 359 44.88 11.726 518 64
18.000 - 18.499 2 114,918.30 0.01 357 46.67 12.391 543 60.25
18.500 - 18.999 3 162,000.60 0.01 356 24.65 12.858 558 67.75
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 8,432 1,280,649,229.06 100 358 39.04 7.681 604 84.29
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER ADJUSTABLE RATE ADJUSTABLE TERM TO DEBT-TO- MORTGAGE
RANGE OF MINIMUM OF MORTGAGE AS OF THE RATE LOANS AS OF MATURITY INCOME RATES
MORTGAGE RATES(%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
5.500 - 5.999 205 39,534,574.66 3.09 358 38.83 5.874 639 77.88
6.000 - 6.499 610 109,467,119.14 8.55 358 38.72 6.253 628 81.73
6.500 - 6.999 1,288 222,686,207.71 17.39 358 38.63 6.756 621 82.78
7.000 - 7.499 1,209 191,688,299.27 14.97 358 39.46 7.234 616 84.96
7.500 - 7.999 1,764 267,036,553.17 20.85 358 39.48 7.757 602 85.78
8.000 - 8.499 1,208 168,961,354.61 13.19 358 38.52 8.23 594 85.95
8.500 - 8.999 1,130 153,221,197.89 11.96 358 38.79 8.723 586 86.15
9.000 - 9.499 534 68,355,689.97 5.34 358 38.79 9.197 581 85.92
9.500 - 9.999 301 36,892,277.41 2.88 357 39.38 9.702 567 81.8
10.000 - 10.499 83 10,506,256.82 0.82 359 41.75 10.192 558 78.34
10.500 - 10.999 54 6,857,519.02 0.54 353 41.06 10.734 532 72.7
11.000 - 11.499 27 3,434,950.42 0.27 359 44.54 11.23 529 65.3
11.500 - 11.999 14 1,730,310.07 0.14 359 44.88 11.726 518 64
12.000 - 12.499 2 114,918.30 0.01 357 46.67 12.391 543 60.25
12.500 - 12.999 3 162,000.60 0.01 356 24.65 12.858 558 67.75
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 8,432 1,280,649,229.06 100 358 39.04 7.681 604 84.29
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER ADJUSTABLE RATE ADJUSTABLE TERM TO DEBT-TO- MORTGAGE
RANGE OF GROSS OF MORTGAGE AS OF THE RATE LOANS AS OF MATURITY INCOME RATES
MARGINS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
4.500 - 4.749 151 18,423,786.25 1.44 355 37.01 7.611 615 86.13
4.750 - 4.999 11 1,635,225.34 0.13 359 38.81 6.792 701 82.43
5.000 - 5.249 25 3,677,029.37 0.29 359 43.05 7.195 642 90.85
5.250 - 5.499 20 2,918,017.85 0.23 353 37.18 6.854 660 78.75
5.500 - 5.749 546 100,363,202.69 7.84 358 40.13 7.573 602 82.13
5.750 - 5.999 39 5,761,762.09 0.45 351 40.05 7.499 609 76.74
6.000 - 6.249 6,943 1,052,201,675.63 82.16 358 38.84 7.628 608 85.43
6.250 - 6.499 75 10,566,827.86 0.83 348 39.11 7.978 568 70.89
6.500 - 6.749 405 52,659,462.95 4.11 355 39.98 8.312 563 78.69
6.750 - 6.999 126 17,022,613.55 1.33 354 40.46 8.473 545 65.49
7.000 - 7.249 91 15,419,625.48 1.2 359 42.25 9.25 542 69.64
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 8,432 1,280,649,229.06 100 358 39.04 7.681 604 84.29
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER ADJUSTABLE RATE ADJUSTABLE TERM TO DEBT-TO- MORTGAGE
NEXT RATE OF MORTGAGE AS OF THE RATE LOANS AS OF MATURITY INCOME RATES
ADJUSTMENT DATE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
2006-03 7 458,705.10 0.04 353 34.24 8.354 603 87.44
2006-04 62 6,835,862.20 0.53 354 39.05 7.823 595 87.03
2006-05 93 8,552,102.13 0.67 354 35.85 7.684 617 84.53
2006-06 136 16,618,215.86 1.3 356 40.33 7.666 584 86.86
2006-07 326 43,867,284.00 3.43 357 38.7 7.59 614 89.47
2006-08 1,145 153,175,433.78 11.96 358 38.94 7.751 606 86.76
2006-09 4,545 716,809,683.72 55.97 358 39.39 7.709 600 82.68
2006-10 175 23,042,998.00 1.8 359 38.62 7.953 589 85.98
2007-03 2 461,737.86 0.04 353 41.15 7.616 558 83.81
2007-04 17 1,240,124.82 0.1 354 33.62 7.361 643 83.69
2007-05 38 3,477,487.20 0.27 355 36.72 7.574 625 87.69
2007-06 37 4,954,132.07 0.39 356 41.31 7.312 597 87.86
2007-07 111 14,841,646.74 1.16 355 39.03 7.598 620 89.72
2007-08 313 43,322,302.79 3.38 358 38.28 7.532 626 87.7
2007-09 1,373 235,881,396.79 18.42 359 38.31 7.573 614 85.05
2007-10 52 7,110,116.00 0.56 360 39.56 7.802 579 85.22
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 8,432 1,280,649,229.06 100 358 39.04 7.681 604 84.29
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER ADJUSTABLE RATE ADJUSTABLE TERM TO DEBT-TO- MORTGAGE
INITIAL PERIODIC OF MORTGAGE AS OF THE RATE LOANS AS OF MATURITY INCOME RATES
RATE CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
2.000 8,432 1,280,649,229.06 100 358 39.04 7.681 604 84.29
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 8,432 1,280,649,229.06 100 358 39.04 7.681 604 84.29
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF REMAINING
SUBSEQUENT NUMBER ADJUSTABLE RATE ADJUSTABLE TERM TO DEBT-TO- MORTGAGE
PERIODIC RATE CAP OF MORTGAGE AS OF THE RATE LOANS AS OF MATURITY INCOME RATES
(%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
1.000 8,432 1,280,649,229.06 100 358 39.04 7.681 604 84.29
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 8,432 1,280,649,229.06 100 358 39.04 7.681 604 84.29
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
GROUP II MORTGAGE LOAN STATISTICS
The Initial Group II Mortgage Loans consist of 3,482 adjustable-rate
and fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date of approximately $601,288,350.63, after application of scheduled
payments due on or before the Cut-off Date whether or not received and
application of all unscheduled payments of principal received prior to the
Cut-off Date. None of the Initial Group II Mortgage Loans had a first Due Date
prior to April 1, 2004 or after November 1, 2004, or will have a remaining term
to stated maturity of less than 119 months or greater than 360 months as of the
Cut-off Date. The latest maturity date of any Initial Group II Mortgage Loan is
October 1, 2034.
COLLATERAL TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
COLLATERAL TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
2 YEAR ARMS 1,448 322,644,403.59 53.66 358 40.48 7.459 598 84.63
3 YEAR ARMS 327 83,385,171.95 13.87 358 39 7.27 621 86.89
FIXED 1,707 195,258,775.09 32.47 348 37.21 7.904 632 82.18
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
PRINCIPAL BALANCES AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
RANGE OF NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
AT ORIGINATION($) LOANS ORIGINATION ORIGINATION (MONTHS)* (%)* (%)* FICO* OLTV(%)*
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Less than 50,000 611 23,780,468.20 3.95 346 34.47 9.794 622 85.53
50,000.01 - 100,000 00 1,515 100,227,775.00 16.65 346 35.48 8.591 599 83.51
100,000.01 - 150,000 00 285 34,190,067.00 5.68 350 37.8 7.981 591 85.07
150,000.01 - 200,000 00 79 13,279,325.00 2.21 354 38.34 7.983 593 85.04
200,000.01 - 250,000 00 29 6,352,285.00 1.06 359 41.61 7.958 597 82.07
250,000.01 - 300,000 00 21 5,767,500.00 0.96 336 42.95 7.705 576 81.03
300,000.01 - 350,000 00 124 42,105,517.00 6.99 359 41.4 7.321 612 84.16
350,000.01 - 400,000 00 262 98,171,703.00 16.31 358 41.53 7.181 614 84.19
400,000.01 - 450,000 00 187 79,776,991.00 13.25 357 39.92 7.317 614 86.41
450,000.01 - 500,000 00 189 90,926,666.00 15.1 357 39.84 7.281 623 85.85
500,000.01 - 550,000 00 59 31,102,689.00 5.17 359 41.98 6.998 618 82.74
550,000.01 - 600,000 00 53 30,403,197.00 5.05 359 39.41 6.724 631 81.19
600,000.01 - 650,000 00 28 17,507,815.00 2.91 359 40.42 6.979 616 85.17
650,000.01 - 700,000 00 19 12,876,830.00 2.14 359 40.46 6.877 622 76.63
700,000.01 - 750,000 00 20 14,691,138.00 2.44 359 35.43 6.493 622 76.98
850,000.01 - 900,000 00 1 880,000.00 0.15 359 41 7.35 684 80
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 3,482 602,039,966.20 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
*Based on the original balances of the Initial Mortgage Loans.
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
RANGE OF PRINCIPAL NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
BALANCES AS OF THE OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
CUT-OFF DATE ($) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Less than 50,000 624 24,372,865.29 4.05 346 34.37 9.747 622 85.31
50,000.01 - 100,000.00 1,503 99,531,212.00 16.55 346 35.51 8.593 599 83.57
100,000.01 - 150,000 00 285 34,202,686.54 5.69 351 37.85 7.977 591 85.12
150,000.01 - 200,000 00 78 13,100,118.26 2.18 354 38.2 8.009 592 84.92
200,000.01 - 250,000 00 29 6,346,005.18 1.06 359 41.61 7.958 597 82.07
250,000.01 - 300,000 00 21 5,759,480.07 0.96 336 42.95 7.706 576 81.03
300,000.01 - 350,000 00 127 43,110,703.38 7.17 359 41.44 7.302 612 84.26
350,000.01 - 400,000 00 259 97,015,374.91 16.13 358 41.52 7.188 614 84.15
400,000.01 - 450,000 00 188 80,126,315.69 13.33 356 39.94 7.315 614 86.4
450,000.01 - 500,000 00 188 90,367,562.61 15.03 358 39.82 7.283 624 85.85
500,000.01 - 550,000 00 59 31,070,836.80 5.17 359 41.98 6.998 618 82.74
550,000.01 - 600,000 00 53 30,370,220.90 5.05 359 39.41 6.724 631 81.19
600,000.01 - 650,000 00 28 17,493,407.31 2.91 359 40.42 6.979 616 85.17
650,000.01 - 700,000 00 19 12,865,279.99 2.14 359 40.46 6.877 622 76.63
700,000.01 - 750,000 00 20 14,676,954.66 2.44 359 35.43 6.493 622 76.98
850,000.01- 900,000.00 1 879,327.04 0.15 359 41 7.35 684 80
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
STATED REMAINING TERM TO MATURITY
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF MONTHS OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
REMAINING LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
61 - 120 5 413,624.36 0.07 119 38.72 9.208 610 71.49
121 - 180 100 7,945,208.37 1.32 178 38.18 7.963 594 72.35
181 - 240 83 7,070,846.41 1.18 238 37.57 8.641 606 83.93
241 - 300 2 261,807.99 0.04 299 30.34 9.617 602 88.67
301 - 360 3,292 585,596,863.50 97.39 359 39.25 7.557 613 84.32
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
MORTGAGE RATE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
RANGE OF CURRENT NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
MORTGAGE RATES OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
(%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
5.500 - 5.999 123 47,845,729.01 7.96 357 38.23 5.87 664 77.18
6.000 - 6.499 268 77,788,129.29 12.94 356 37.87 6.224 633 81.63
6.500 - 6.999 436 122,522,655.14 20.38 356 40.37 6.756 623 84.11
7.000 - 7.499 353 76,380,900.76 12.7 357 38.98 7.235 613 84.67
7.500 - 7.999 462 89,533,594.70 14.89 355 40.29 7.749 594 85.01
8.000 - 8.499 314 50,664,371.26 8.43 357 39.74 8.243 581 84.29
8.500 - 8.999 484 61,694,230.68 10.26 350 39.53 8.735 587 85.64
9.000 - 9.499 225 24,580,242.78 4.09 349 39.02 9.195 586 84.53
9.500 - 9.999 222 19,232,994.99 3.2 346 38.09 9.684 591 84.67
10.000 - 10.499 93 6,616,046.41 1.1 355 37.14 10.205 592 87.2
10.500 - 10.999 114 5,961,151.00 0.99 355 35.74 10.767 628 92.47
11.000 - 11.499 159 7,999,747.15 1.33 347 36.46 11.209 657 95.9
11.500 - 11.999 99 4,663,860.39 0.78 346 34.78 11.701 638 96.38
12.000 - 12.499 74 3,477,718.25 0.58 359 38.78 12.279 623 96.4
12.500 - 12.999 56 2,326,978.82 0.39 357 33.78 12.565 632 99.68
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
ORIGINAL LOAN-TO-VALUE RATIOS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
RANGE OF ORIGINAL NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
LOAN-TO-VALUE OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
(%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
<= 25.00 5 269,532.34 0.04 312 35.41 8.059 581 18.04
25.01 - 30.00 9 1,085,682.43 0.18 344 41.35 7.036 608 28.38
30.01 - 35.00 14 1,804,426.72 0.3 342 42.38 6.514 666 33.6
35.01 - 40.00 10 955,236.70 0.16 321 43.88 8.12 555 37.21
40.01 - 45.00 17 1,762,750.68 0.29 338 40.56 7.35 652 42.65
45.01 - 50.00 31 3,120,641.28 0.52 347 36.26 7.476 563 48.3
50.01 - 55.00 41 5,705,400.56 0.95 352 35.54 7.016 609 53.07
55.01 - 60.00 66 10,873,494.23 1.81 354 39.46 7.333 583 58.11
60.01 - 65.00 103 15,379,498.35 2.56 351 36.03 7.282 587 63.2
65.01 - 70.00 190 28,832,254.40 4.8 345 38.33 7.394 598 68.66
70.01 - 75.00 277 51,360,506.79 8.54 353 41.83 7.586 576 74.29
75.01 - 80.00 460 90,013,602.68 14.97 355 38.17 7.208 600 79.33
80.01 - 85.00 419 81,696,497.01 13.59 353 39.24 7.263 600 84.22
85.01 - 90.00 840 170,332,403.61 28.33 357 38.87 7.452 616 89.61
90.01 - 95.00 408 103,405,811.45 17.2 357 41.21 7.588 640 94.63
95.001 - 100.000 592 34,690,611.40 5.77 354 36.19 10.367 665 99.97
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
(1) The loan-to-value ("OLTV") of a first-lien mortgage at any given time is a
fraction, expressed as a percentage, the numerator of which is the principal
balance of the mortgage loan at the date of origination and the denominator of
which is the lesser of the sales price of the related mortgage property and its
appraised value determined in an appraisal obtained by the originator at
origination of the mortgage loan. The OLTV of a second lien mortgage loan at any
given time is a fraction, expressed as a percentage the numerator of which is
(i) the sum of (a) the principal balance of such mortgage loan at the date of
origination plus (b) the outstanding balance of the senior mortgage loan at the
date of origination of such mortgage loan and the denominator of which is (ii)
the lesser of the sales price of the related mortgage property and its appraised
value determined in an appraisal obtained by the originator at origination of
the mortgage loan.
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
RANGE OF FICO SCORES LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
500 - 519 224 31,651,539.39 5.26 355 41.52 8.363 510 75.75
520 - 539 305 43,685,526.44 7.27 351 41.57 8.075 530 76.68
540 - 559 337 55,548,924.45 9.24 355 40.62 7.979 551 81.26
560 - 579 305 51,789,702.21 8.61 354 39.31 7.704 570 80.58
580 - 599 367 71,197,089.04 11.84 355 40.05 7.414 588 83.55
600 - 619 420 79,904,188.63 13.29 354 39.44 7.496 609 85.91
620 - 639 513 86,485,116.79 14.38 355 39.47 7.555 629 87.3
640 - 659 340 56,734,976.72 9.44 355 37.71 7.377 650 89.06
660 - 679 240 37,484,604.26 6.23 354 37.29 7.416 669 86.48
680 - 699 185 36,395,657.72 6.05 359 37.12 7.205 688 87.97
700 - 719 97 20,395,745.75 3.39 356 36.11 7.109 709 87.4
720 - 739 70 12,036,113.68 2 356 36.87 7.209 730 84.05
740 - 759 40 10,204,184.70 1.7 357 37.67 6.731 751 83.44
760 - 779 26 5,104,549.07 0.85 359 35.28 7.302 767 86.32
780 - 799 11 2,092,243.91 0.35 350 38.15 7.373 788 82.73
800 - 819 2 578,187.87 0.1 359 44.44 7.294 802 78.45
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
DEBT-TO-INCOME RATIO
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
RANGE OF DEBT-TO- OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
INCOME RATIOS (%) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
<= 20.00 281 34,210,116.51 5.69 354 14.88 7.527 632 81.38
20.01 - 25.00 272 31,524,803.52 5.24 354 23.2 7.888 618 83.7
25.01 - 30.00 381 49,504,809.84 8.23 354 28.11 7.624 619 83.59
30.01 - 35.00 448 67,891,409.85 11.29 353 33.14 7.453 626 83.36
35.01 - 40.00 525 90,246,959.94 15.01 355 38.22 7.65 610 84.49
40.01 - 45.00 736 129,150,029.87 21.48 353 43.09 7.624 615 86.08
45.01 - 50.00 735 175,451,303.52 29.18 357 48.09 7.476 605 85.82
50.01 - 55.00 104 23,308,917.58 3.88 352 53.36 7.702 577 67.71
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
GEOGRAPHIC DISTRIBUTION
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
STATE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
AK 8 595,565.34 0.1 358 35.04 9.295 622 88.68
AL 35 3,194,500.29 0.53 354 41.81 8.679 599 87.86
AR 3 269,246.13 0.04 358 41.24 9.122 579 84.35
AZ 211 18,285,696.54 3.04 348 35.47 7.939 611 85.11
CA 582 239,297,960.38 39.8 358 40.71 7.015 617 82.58
CO 41 6,897,794.45 1.15 354 39.12 7.895 608 86.29
CT 22 7,138,809.33 1.19 358 39.86 7.361 629 80.89
DE 4 319,301.58 0.05 359 40.59 8.413 677 90
FL 351 40,182,815.65 6.68 350 37.73 8.055 602 83.4
GA 40 4,637,730.24 0.77 358 35.8 8.319 602 87.99
HI 18 3,165,255.90 0.53 359 41.27 7.558 643 80.43
IA 21 1,521,478.52 0.25 341 39 8.602 575 83.5
ID 4 739,286.26 0.12 357 20.65 7.056 658 84.14
IL 153 18,076,059.65 3.01 357 38.05 8.727 619 90.49
IN 159 11,039,930.01 1.84 355 35.6 8.03 604 85.92
KS 24 1,538,481.02 0.26 352 34.35 8.289 619 84.26
KY 32 1,928,266.71 0.32 334 34.89 8.101 572 78.33
LA 64 4,988,783.72 0.83 348 39.67 8.594 574 79.69
MA 70 17,662,776.01 2.94 359 39.64 7.709 611 88.06
MD 95 16,020,892.96 2.66 353 37.87 7.616 598 84.94
ME 12 970,539.75 0.16 338 35.22 7.767 598 81.86
MI 331 26,382,749.54 4.39 355 35.96 8.11 595 81.82
MN 17 4,552,216.45 0.76 357 40.49 7.788 612 86.32
MO 93 6,686,603.02 1.11 354 38.75 8.352 583 84.42
MS 35 2,352,146.82 0.39 331 38.76 8.489 591 83.73
MT 1 119,911.83 0.02 359 46 7.55 561 33.71
NC 18 1,586,100.44 0.26 350 37.34 9.146 602 84.71
ND 4 189,315.50 0.03 358 40.22 7.948 645 85.85
NE 12 616,205.62 0.1 347 37.11 8.353 586 88.3
NH 4 599,056.33 0.1 359 23.9 7.19 657 91.43
NJ 57 18,911,941.56 3.15 358 42.34 7.393 612 86.53
NM 9 481,796.21 0.08 358 34.82 9.173 601 82.93
NV 45 9,487,328.11 1.58 356 39.82 7.833 624 88.97
NY 189 63,216,902.47 10.51 358 39.78 7.551 637 86.63
OH 215 17,066,838.40 2.84 349 36.41 8.007 588 85.26
OK 29 1,867,203.83 0.31 348 37.31 8.994 604 87.38
OR 16 2,145,237.33 0.36 358 37.18 7.718 646 84.34
PA 92 7,575,349.50 1.26 334 35.04 7.888 595 81.09
RI 17 1,205,958.37 0.2 327 36.19 9.25 657 87.17
SC 16 1,600,656.35 0.27 342 32.97 8.215 601 81.45
SD 2 403,970.66 0.07 359 44.96 8.352 527 85.87
TN 70 5,815,804.77 0.97 343 37.11 8.338 596 84.25
TX 122 13,165,863.33 2.19 333 37.21 8.351 591 80.9
UT 34 3,063,060.12 0.51 354 35.54 8.262 615 85.62
WA 60 10,194,940.91 1.7 356 40.84 7.766 609 87.3
WI 43 3,379,531.93 0.56 344 40.4 8.767 581 84.44
WY 2 150,490.79 0.03 251 27.82 9.371 537 79.27
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Total: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
OCCUPANCY STATUS
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
OCCUPATION STATUS* LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Owner Occupied 2,980 554,533,624.73 92.22 355 39.77 7.53 610 84.17
Non-owner Occupied 482 41,387,665.00 6.88 353 31.92 8.242 636 83.9
Second Home 20 5,367,060.90 0.89 358 37.14 7.333 638 84.47
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
*Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
INCOME OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
DOCUMENTATION LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Full Docs 2,028 316,614,688.52 52.66 354 39.23 7.328 603 82.41
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Stated Docs 1,254 236,792,237.73 39.38 356 39.7 7.972 626 86.77
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Limited Docs 200 47,881,424.38 7.96 353 36.69 7.271 606 82.69
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
PURPOSE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Refi-Cash Out ** 2,087 392,141,615.54 65.22 354 39.64 7.372 598 81.3
Purchase 1,272 188,434,208.12 31.34 357 38.24 8.028 641 90.54
Refi-No Cashout *** 123 20,712,526.97 3.44 350 39.91 7.351 623 79.98
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
** Cash proceeds to the borrower inclusive of debt consolidation
payments exceed 2% or $2000 of the original principal balance of the
related loan. Also includes all home equity loans originated in Texas
with any cash proceeds.
*** Cash proceeds to the borrower inclusive of debt consolidation
payments do not exceed 2% or $2000 of the original principal balance of
the related loan. Excludes home equity loans originated in Texas with
any cash proceeds.
CREDIT GRADE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
RISK CATEGORY LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
8A 7 1,968,137.51 0.33 359 37.34 6.31 731 78.51
7A 6 2,995,036.41 0.5 358 36.85 7.273 685 83.87
6A 11 4,094,715.82 0.68 359 44 6.521 670 82.57
5A 10 1,744,915.84 0.29 330 41.87 7.261 647 80.55
4A 22 7,070,040.16 1.18 342 41.42 7.36 628 82.53
3A 16 3,690,457.96 0.61 303 39.31 7.634 617 82.09
2A 26 5,725,639.73 0.95 337 42.8 7.674 583 83.31
1 2,331 371,560,028.78 61.79 356 38.41 7.49 628 86.17
2 222 44,277,961.27 7.36 356 39.26 7.573 586 83.03
3 249 43,663,002.07 7.26 354 39.58 7.552 575 81.82
4 176 25,200,293.63 4.19 355 40.18 8.027 565 80.06
5 122 21,967,937.92 3.65 351 43.15 8.181 553 69.1
6 39 5,813,176.69 0.97 358 41.84 9.431 550 67.45
A+ 88 26,297,709.30 4.37 358 39.2 7.191 642 87.7
A 77 16,608,237.23 2.76 349 42.73 7.722 608 85.12
A- 11 2,689,549.71 0.45 355 39.32 7.905 536 77.15
B 25 5,798,628.14 0.96 356 45.6 8.619 541 77.97
C 22 4,378,888.53 0.73 358 37.75 8.552 529 70.74
C- 16 4,943,113.35 0.82 357 41.53 8.019 549 84.44
D 6 800,880.58 0.13 359 41.97 9.562 534 61.29
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Total: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
PROPERTY TYPE
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
PROPERTY TYPE LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Single Family Detached 2,696 461,845,984.91 76.81 354 39.33 7.531 610 83.68
PUD Detached 244 59,197,972.43 9.85 357 38.96 7.556 607 84.77
Two-to-Four Family 228 40,516,072.29 6.74 356 38.72 7.946 638 88.53
Condominium 172 28,614,413.90 4.76 354 39.8 7.733 633 87.49
Manufactured Housing 132 8,801,572.50 1.46 342 35.88 8.03 598 72.43
PUD Attached 9 2,258,445.16 0.38 358 35.02 7.124 615 88.2
Single Family 1 53,889.44 0.01 357 23 7.95 668 90
Attached
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
PREPAYMENT CHARGE TERM
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL % OF REMAINING
PREPAYMENT CHARGE NUMBER BALANCE PRINCIPAL TERM TO DEBT-TO- MORTGAGE
TERM AT ORIGINATION OF MORTGAGE AS OF BALANCE AS OF MATURITY INCOME RATES
(MOS.) LOANS THE CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
0 1,177 161,705,642.83 26.89 354 38.79 8.167 621 87.66
12 122 37,627,875.86 6.26 355 38.46 7.468 623 82.66
24 824 173,718,743.26 28.89 357 40.29 7.505 598 84.38
36 1,359 228,236,088.68 37.96 353 38.81 7.231 616 81.74
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER ADJUSTABLE RATE ADJUSTABLE TERM TO DEBT-TO- MORTGAGE
CONFORMING OF MORTGAGE AS OF THE RATE LOANS AS OF MATURITY INCOME RATES
BALANCE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
Conforming Balance 2,549 186,186,852.34 30.96 348 36.53 8.527 599 84.02
Non-Conforming Balance 933 415,101,498.29 69.04 358 40.41 7.151 618 84.21
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 3,482 601,288,350.63 100 355 39.21 7.577 612 84.15
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER ADJUSTABLE RATE ADJUSTABLE TERM TO DEBT-TO- MORTGAGE
RANGE OF MAXIMUM OF MORTGAGE AS OF THE RATE LOANS AS OF MATURITY INCOME RATES
MORTGAGE RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
11.500 - 11.999 70 23,457,631.04 5.78 358 41.11 5.89 637 83.78
12.000 - 12.499 163 49,288,319.23 12.14 358 38.95 6.231 623 83.81
12.500 - 12.999 290 88,135,694.45 21.71 357 40.6 6.762 620 85.98
13.000 - 13.499 260 62,088,419.39 15.29 358 38.94 7.234 611 85.33
13.500 - 13.999 347 77,662,693.35 19.13 358 40.67 7.75 592 85.63
14.000 - 14.499 241 43,318,312.46 10.67 358 39.84 8.247 579 84.86
14.500 - 14.999 219 37,561,422.44 9.25 359 41.72 8.709 579 86.56
15.000 - 15.499 77 11,319,762.52 2.79 359 39.9 9.184 567 83.12
15.500 - 15.999 68 8,785,699.58 2.16 357 39.09 9.683 570 83.58
16.000 - 16.499 19 2,356,114.51 0.58 358 40.62 10.202 544 76.98
16.500 - 16.999 7 885,030.09 0.22 359 40.67 10.727 539 72.93
17.000- 17.499 7 762,446.74 0.19 358 46.87 11.257 516 71.03
17.500 - 17.999 5 294,676.09 0.07 357 38.11 11.761 529 63.42
18.000 - 18.499 2 113,353.65 0.03 359 49.37 12.157 523 68.75
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 1,775 406,029,575.54 100 358 40.17 7.42 603 85.1
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER ADJUSTABLE RATE ADJUSTABLE TERM TO DEBT-TO- MORTGAGE
RANGE OF MINIMUM OF MORTGAGE AS OF THE RATE LOANS AS OF MATURITY INCOME RATES
MORTGAGE RATES (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
5.500 - 5.999 70 23,457,631.04 5.78 358 41.11 5.89 637 83.78
6.000 - 6.499 163 49,288,319.23 12.14 358 38.95 6.231 623 83.81
6.500 - 6.999 290 88,135,694.45 21.71 357 40.6 6.762 620 85.98
7.000 - 7.499 260 62,088,419.39 15.29 358 38.94 7.234 611 85.33
7.500 - 7.999 347 77,662,693.35 19.13 358 40.67 7.75 592 85.63
8.000 - 8.499 241 43,318,312.46 10.67 358 39.84 8.247 579 84.86
8.500 - 8.999 219 37,561,422.44 9.25 359 41.72 8.709 579 86.56
9.000 - 9.499 77 11,319,762.52 2.79 359 39.9 9.184 567 83.12
9.500 - 9.999 68 8,785,699.58 2.16 357 39.09 9.683 570 83.58
10.000 - 10.499 19 2,356,114.51 0.58 358 40.62 10.202 544 76.98
10.500 - 10.999 7 885,030.09 0.22 359 40.67 10.727 539 72.93
11.000 - 11.499 7 762,446.74 0.19 358 46.87 11.257 516 71.03
11.500 - 11.999 5 294,676.09 0.07 357 38.11 11.761 529 63.42
12.000 - 12.499 2 113,353.65 0.03 359 49.37 12.157 523 68.75
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 1,775 406,029,575.54 100 358 40.17 7.42 603 85.1
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NUMBER ADJUSTABLE RATE ADJUSTABLE TERM TO DEBT-TO- MORTGAGE
RANGE OF GROSS OF MORTGAGE AS OF THE RATE LOANS AS OF MATURITY INCOME RATES
MARGINS (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
4.500 - 4.749 51 8,579,347.94 2.11 357 38.41 7.189 613 85.81
4.750 - 4.999 5 1,769,806.69 0.44 359 42.52 6.332 701 86.9
5.000 - 5.249 2 1,092,515.56 0.27 359 27.05 6.553 675 90.75
5.250 - 5.499 7 2,986,980.20 0.74 359 42.31 6.282 668 86.92
5.500 - 5.749 115 40,174,245.69 9.89 359 40.94 7.316 617 87.53
5.750 - 5.999 12 5,079,397.34 1.25 359 40.61 7.184 618 84.97
6.000 - 6.249 1,497 329,812,624.56 81.23 358 40.06 7.425 602 85.17
6.250 - 6.499 3 610,258.77 0.15 359 45.29 8.271 564 83.33
6.500 - 6.749 61 11,479,407.19 2.83 358 42.51 7.918 556 79.38
6.750 - 6.999 6 1,049,433.91 0.26 359 36.67 9.052 526 64.68
7.000 - 7.249 16 3,395,557.69 0.84 358 38.95 8.581 516 69.36
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 1,775 406,029,575.54 100 358 40.17 7.42 603 85.1
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF REMAINING
NEXT RATE NUMBER ADJUSTABLE RATE ADJUSTABLE TERM TO DEBT-TO- MORTGAGE
ADJUSTMENT OF MORTGAGE AS OF THE RATE LOANS AS OF MATURITY INCOME RATES
DATE LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
2006-03 1 438,886.73 0.11 353 33 8 571 90
2006-04 27 3,305,761.10 0.81 354 40.5 7.033 592 86.88
2006-05 59 5,936,008.51 1.46 355 37.1 7.378 595 83.42
2006-06 74 8,724,556.01 2.15 355 34.32 7.287 607 81.84
2006-07 122 17,378,853.37 4.28 356 39.91 7.623 599 86.98
2006-08 299 47,669,859.58 11.74 357 39.47 7.723 596 85.9
2006-09 845 231,876,369.29 57.11 358 41.11 7.386 600 84.43
2006-10 21 7,314,109.00 1.8 360 38.7 8.085 568 80.21
2007-05 17 1,723,223.24 0.42 355 41.63 7.709 595 87.54
2007-06 7 1,096,315.08 0.27 350 27.78 6.915 596 87.46
2007-07 39 5,767,814.94 1.42 355 40.18 7.603 617 89.39
2007-08 57 10,185,399.90 2.51 358 40.61 7.219 625 87.55
2007-09 205 63,765,218.79 15.7 359 38.79 7.239 623 86.59
2007-10 2 847,200.00 0.21 360 36.7 7.431 546 82.17
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 1,775 406,029,575.54 100 358 40.17 7.42 603 85.1
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF REMAINING
INITIAL NUMBER ADJUSTABLE RATE ADJUSTABLE TERM TO DEBT-TO- MORTGAGE
PERIODIC OF MORTGAGE AS OF THE RATE LOANS AS OF MATURITY INCOME RATES
RATE CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
2.000 1,775 406,029,575.54 100 358 40.17 7.42 603 85.1
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 1,775 406,029,575.54 100 358 40.17 7.42 603 85.1
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL PRINCIPAL
BALANCE OF BALANCE OF REMAINING
SUBSEQUENT NUMBER ADJUSTABLE RATE ADJUSTABLE TERM TO DEBT-TO- MORTGAGE
PERIODIC RATE OF MORTGAGE AS OF THE RATE LOANS AS OF MATURITY INCOME RATES
CAP (%) LOANS CUT-OFF DATE THE CUT-OFF DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
1.000 1,775 406,029,575.54 100 358 40.17 7.42 603 85.1
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
TOTAL: 1,775 406,029,575.54 100 358 40.17 7.42 603 85.1
------------------------ ------------ --------------------- ----------------- ----------- ---------- ------------- ------- ---------
