Exhibit 99.2
MARM 2004-1 Alt-A hybrid deal for Jan 30 settle:
Class Bonds Reset
Class Size Offered Type Coupon MTR Margin Offer
----------- ----- ------- ---- ------ --- ------ -----
2A1 55.2 55.2 3/6 3.81% 35 1.75% N+105 $101-00
or 4.56% 1.75% N+124 $102-00
or 5.78% 2.69% N+137 $103-30
3A1 66.7 66.7 5/6 4.56% 58 1.75% N+158 $101-00
or 5.21% 1.75% N+178 $102-00
or 5.80% 2.65% N+193 $103-00
4A1 57.5 37.5 5/6 6.21% 58 2.49% N+190 $103-31
*Group 2 has 4.88% wtd avg 1st rate cap versus mkt 2%
**Group 4 is 100% conforming / 70% Investor / 70% Reduced Doc