EXHIBIT 99.2
The mortgage loans delivered to the Trust Fund on the Closing Date
(the "Initial Mortgage Loans") and the mortgage loans delivered to the Trust
Fund on the Subsequent Transfer Date (the "Subsequent Mortgage Loans", and
together with the Initial Mortgage Loans, the "Mortgage Loans") consist of
conventional, one-to four- family, adjustable-rate and fixed-rate mortgage
loans. The Depositor purchased the Mortgage Loans from the Seller pursuant to
the Mortgage Loan Purchase Agreement, dated as of May 1, 2005, between the
Seller and the Depositor, and the Depositor purchased the Subsequent Mortgage
Loans from the Seller pursuant to the Subsequent Mortage Loan Purchase
Agreement, dated as of June 17, 2005. Pursuant to the Pooling and Servicing
Agreement, dated as of the Cut-off Date, May 1, 2005, (the "Pooling and
Servicing Agreement"), among the Depositor, the Master Servicer and the Trustee,
the Depositor will cause the Mortgage Loans to be assigned to the Trustee for
the benefit of the certificateholders.
The Mortgage Loans included in loan group I and loan group II are
expected to have an aggregate principal balance as of the Cut-off Date or
Subsequent Cut-off Date of approximately $1,614,128,139.04 and $385,870,620.59,
respectively. The Group I Mortgage Loans will consist of adjustable-rate and
fixed-rate mortgage loans with principal balances at origination that conform to
Freddie Mac loan limits. 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 Xxxxxx Xxx or Freddie Mac loan
limits.
The Mortgage Loans will be secured by mortgages or deeds of
trust or other similar security instruments creating first liens on residential
properties (the "Mortgaged Properties") consisting of attached, detached, one-to
four-family dwelling units, individual condominium units or individual units in
planned unit developments and manufactured housing. The Mortgage Loans will have
original terms to maturity of not greater than 30 years from the date on which
the first payment was due on each Mortgage Loan.
Each adjustable-rate Mortgage Loan will accrue interest at the
adjustable-rate calculated as specified under the terms of the related mortgage
note and each fixed-rate Mortgage Loan will have a Mortgage Rate that is fixed
for the life of such Mortgage (each such rate, a "Mortgage Rate").
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 90.02% of the
adjustable-rate Group I Mortgage Loans and approximately 89.31% of the
adjustable-rate Group II Mortgage Loans, in each case by aggregate scheduled
principal balance of the adjustable-rate Mortgage Loans in the related loan
group as of the Cut-off Date or Subsequent Cut-off Date, will occur after an
initial period of two years after origination, and the first adjustment for
approximately 9.98% of the adjustable-rate Group I Mortgage Loans and
approximately 10.69% of the adjustable-rate Group II Mortgage Loans, in each
case by aggregate scheduled principal balance of the adjustable-rate Mortgage
Loans in the related loan group as of the Cut-off Date or Subsequent Cut-off
Date, will occur after an initial period of three years after origination. On
each Adjustment Date for each adjustable-rate Mortgage Loan, the Mortgage Rate
thereon will be adjusted (subject to rounding) to equal the sum of the
applicable Index (as defined below) and a fixed percentage amount (the "Gross
Margin"). The Mortgage Rate on each adjustable-rate Mortgage Loan will not
decrease on the first related Adjustment Date, will not increase by more than
2.000% per annum on the first related Adjustment Date (the "Initial Periodic
Rate Cap") and will not increase or decrease by more than 1.000% per annum on
any Adjustment Date thereafter (the "Periodic Rate Cap"). Each Mortgage Rate on
each adjustable-rate Mortgage Loan will not exceed a specified maximum Mortgage
Rate over the life of such Mortgage Loan (the "Maximum Mortgage Rate") or be
less than a specified minimum Mortgage Rate over the life of such Mortgage Loan
(the "Minimum Mortgage Rate"). Effective with the first monthly payment due on
each adjustable-rate Mortgage Loan after each related Adjustment Date, the
monthly payment amount will be adjusted to an amount that will amortize fully
the outstanding principal balance of the related Mortgage Loan over its
remaining term, and pay interest at the Mortgage Rate as so adjusted. Due to the
application of the Periodic Rate Caps and the Maximum Mortgage Rates, the
Mortgage Rate on each such adjustable-rate Mortgage Loan, as adjusted on any
related Adjustment Date, may be less than the sum of the Index and the related
Gross Margin, rounded as described herein. None of the adjustable-rate Mortgage
Loans permits the related mortgagor to convert the adjustable Mortgage Rate
thereon to a fixed Mortgage Rate.
The Mortgage Loans will have scheduled monthly payments due on the
first day of the month (with respect to each Mortgage Loan, a "Due Date"). Each
Mortgage Loan will contain a customary "due-on-sale" clause which provides that
(subject to state and federal restrictions) the Mortgage Loan must be repaid at
the time of sale of the related mortgaged property or with the consent of the
holder of the mortgage note assumed by a creditworthy purchaser of the related
mortgaged property.
None of the Mortgage Loans will be buydown mortgage loans.
Approximately 60.73% of the Group I Mortgage Loans and approximately
56.95% of the Group II Mortgage Loans, in each case by aggregate scheduled
principal balances of the related loan group as of the Cut-off Date or
Subsequent Cut-off Date, provide for payment by the mortgagor of a prepayment
charge on certain principal prepayments, subject to certain limitations in the
related mortgage note and limitations upon collection in the Pooling and
Servicing Agreement. Generally, each such Mortgage Loan provides for payment of
a prepayment charge on certain prepayments made within a defined period set
forth in the related Mortgage Note (generally within the first three years but
possibly as short as one year from the date of origination of such Mortgage
Loan). The amount of the prepayment charge is as provided in the related
Mortgage Note. The holders of the Class P Certificates will be entitled to all
prepayment charges received on the Mortgage Loans in each loan group, and such
amounts will not be available for distribution on the other classes of
Certificates. Under certain instances, as described under the terms of the
Pooling and Servicing Agreement, the Master Servicer may waive the payment of
any otherwise applicable prepayment charge. Investors should conduct their own
analysis of the effect, if any, that the prepayment charges, and decisions by
the Master Servicer with respect to the waiver thereof, may have on the
prepayment performance of the Mortgage Loans. The Depositor makes no
representation as to the effect that the prepayment charges, and decisions by
the Master Servicer with respect to the waiver thereof, may have on the
prepayment performance of the Mortgage Loans. As of July 1, 2003, the
Alternative Mortgage Parity Act of 1982 (the "Parity Act"), which regulates the
ability of the Originator to impose prepayment charges, was amended, and as a
result, the Originator will be required to comply with state and local laws in
originating mortgage loans with prepayment charge provisions with respect to
loans originated on or after July 1, 2003. However, the ruling of the Office of
Thrift Supervision (the "OTS") does not retroactively affect loans originated
before July 1, 2003. See "Legal Aspects of Mortgage Assets--Enforceability of
Certain Provisions--Prepayment Charges" in the prospectus.
AGGREGATE MORTGAGE LOAN STATISTICS
The Mortgage Loans consist of 11,665 adjustable-rate and fixed-rate
Mortgage Loans having an aggregate principal balance as of the Cut-off Date or
the Subsequent Cut-off Date of approximately $1,999,998,759.63 after application
of scheduled payments due on or before the Cut-off Date or the Subsequent
Cut-off Date whether or not received and application of all unscheduled payments
of principal received prior to the Cut-off Date or the Subsequent Cut-off Date,
and subject to a permitted variance of plus or minus 5%. None of the Mortgage
Loans had a first Due Date prior to November 1, 2004 or after August 1, 2005 or
will have a remaining term to stated maturity of less than 116 months or greater
than 360 months as of the Cut-off Date or Subsequent Cut-off Date. The latest
maturity date of any Mortgage Loan is July 1, 2035.
COLLATERAL TYPE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
COLLATERAL TYPE LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
FIXED 2,430 $ 384,965,069.64 19.25% 333 38.30% 7.002% 679 75.28%
2 YEAR ARMS 7,754 1,330,711,624.33 66.54 357 40.94 8.132 593 78.27
3 YEAR ARMS 839 130,671,612.13 6.53 355 38.95 7.702 613 79.47
2 YEAR ARMS IO 445 107,484,400.41 5.37 360 40.32 7.128 657 82.51
3 YEAR ARMS IO 128 31,124,036.00 1.56 360 40.82 6.734 681 84.19
FIXED IO 69 15,042,017.12 0.75 360 38.33 7.334 672 79.93
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
RANGE OF NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
AT ORIGINATION ($) LOANS ORIGINATION DATE (MONTHS)* (%)* (%)* FICO* OLTV (%)*
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 3,382 $ 264,952,699.00 13.23% 341 37.86% 8.728% 598 72.82%
100,000.01 - 150,000.00 3,016 372,461,029.00 18.61 350 39.36 8.055 611 77.49
150,000.01 - 200,000.00 1,926 334,844,414.00 16.73 354 40.40 7.771 614 77.74
200,000.01 - 250,000.00 1,175 262,002,423.00 13.09 354 40.48 7.624 617 78.42
250,000.01 - 300,000.00 865 237,685,225.00 11.87 356 40.92 7.424 623 79.62
300,000.01 - 350,000.00 452 146,888,162.00 7.34 357 41.72 7.421 620 80.78
350,000.01 - 400,000.00 310 116,371,581.00 5.81 355 42.47 7.349 631 80.59
400,000.01 - 450,000.00 215 90,900,089.00 4.54 358 41.99 7.484 629 80.96
450,000.01 - 500,000.00 153 73,120,545.00 3.65 359 41.80 7.340 631 80.32
500,000.01 - 550,000.00 52 27,464,841.00 1.37 357 38.55 7.877 621 84.48
550,000.01 - 600,000.00 63 36,623,945.00 1.83 356 39.72 7.463 636 79.98
600,000.01 - 650,000.00 22 13,820,080.00 0.69 359 39.84 7.693 644 76.74
650,000.01 - 700,000.00 8 5,432,000.00 0.27 360 40.04 7.820 636 81.12
700,000.01 - 750,000.00 25 18,425,508.00 0.92 360 41.10 7.562 647 76.71
900,000.01 - 950,000.00 1 945,500.00 0.05 358 46.00 6.100 787 59.09
====================================================================================================================================
TOTAL: 11,665 $2,001,938,041.00 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
* Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCES AS OF THE CUT-OFF DATE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
RANGE OF PRINCIPAL NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
BALANCES AS OF THE MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
CUT-OFF DATE ($) LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 -100,000.00 3,387 $ 265,156,062.14 13.26% 341 37.84% 8.726% 598 72.83%
100,000.01 - 150,000.00 3,014 372,068,504.83 18.60 350 39.37 8.054 611 77.50
150,000.01 - 200,000.00 1,925 334,481,374.99 16.72 354 40.40 7.772 614 77.73
200,000.01 - 250,000.00 1,174 261,610,070.79 13.08 355 40.46 7.625 617 78.44
250,000.01 - 300,000.00 866 237,779,055.38 11.89 356 40.94 7.425 623 79.63
300,000.01 - 350,000.00 452 146,841,303.51 7.34 357 41.71 7.419 620 80.78
350,000.01 - 400,000.00 311 116,742,922.77 5.84 355 42.55 7.349 631 80.64
400,000.01 - 450,000.00 213 90,061,094.36 4.50 358 41.94 7.487 629 80.90
450,000.01 - 500,000.00 152 72,608,923.32 3.63 359 41.76 7.344 631 80.29
500,000.01 - 550,000.00 52 27,450,757.39 1.37 357 38.55 7.877 621 84.48
550,000.01 - 600,000.00 63 36,589,816.74 1.83 356 39.71 7.464 636 79.99
600,000.01 - 650,000.00 22 13,815,153.78 0.69 359 39.84 7.693 644 76.74
650,000.01 - 700,000.00 8 5,431,738.57 0.27 360 40.04 7.820 636 81.12
700,000.01 - 750,000.00 25 18,418,332.55 0.92 360 41.11 7.562 647 76.71
900,000.01 - 950,000.00 1 943,648.51 0.05 358 46.00 6.100 787 59.09
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
REMAINING TERM TO MATURITY
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RANGE OF MONTHS MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
REMAINING LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
61- 120 59 $ 5,302,958.21 0.27% 119 32.98% 7.594% 669 63.46%
000- 000 000 34,649,086.32 1.73 179 36.63 7.495 657 70.04
000- 000 000 37,079,359.19 1.85 238 36.81 7.290 661 74.22
241- 300 90 13,361,204.76 0.67 298 38.54 6.678 696 76.76
301- 360 10,897 1,909,606,151.15 95.48 359 40.41 7.828 614 78.37
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
RANGE OF PRINCIPAL BALANCE REMAINING
CURRENT NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE RATES MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
(%) LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 461 $ 113,610,980.96 5.68% 347 39.03% 5.842% 706 75.54%
6.000 - 6.499 806 190,834,800.46 9.54 349 38.57 6.272 676 77.96
6.500 - 6.999 1,967 395,049,355.66 19.75 351 39.50 6.775 649 80.80
7.000 - 7.499 1,136 215,536,581.88 10.78 353 39.90 7.255 630 80.11
7.500 - 7.999 1,995 337,324,896.95 16.87 354 40.46 7.765 608 79.36
8.000 - 8.499 1,027 161,412,016.02 8.07 353 40.83 8.244 587 76.83
8.500 - 8.999 1,663 246,571,634.40 12.33 355 40.84 8.762 575 76.01
9.000 - 9.499 644 89,621,642.73 4.48 356 41.27 9.264 563 75.15
9.500 - 9.999 988 130,272,865.93 6.51 355 41.92 9.757 560 75.58
10.000 -10.499 348 43,468,807.83 2.17 355 41.88 10.252 561 74.92
10.500 -10.999 364 44,756,103.93 2.24 354 42.38 10.725 558 76.16
11.000 -11.499 103 11,003,622.83 0.55 349 41.75 11.248 559 75.22
11.500 -11.999 116 12,187,163.92 0.61 359 41.49 11.743 557 75.12
12.000 -12.499 31 5,539,960.71 0.28 359 41.00 12.272 561 78.42
12.500 -12.999 14 2,493,640.60 0.12 359 43.23 12.624 541 78.36
13.000 -13.499 1 59,960.66 0.00 357 35.00 13.250 596 80.00
13.500 -13.999 1 254,724.16 0.01 359 51.00 13.600 547 73.85
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
RANGE OF PRINCIPAL BALANCE REMAINING
ORIGINAL LOAN-TO- NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
VALUE RATIOS MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
(%) LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<=25.00 72 $ 6,891,885.81 0.34% 326 36.15% 7.889% 620 19.23%
25.01 - 30.00 48 4,776,671.94 0.24 332 36.09 7.973 604 27.94
30.01 - 35.00 69 8,198,973.95 0.41 327 36.44 7.839 607 33.12
35.01 - 40.00 83 10,461,481.65 0.52 347 38.46 7.583 627 37.65
40.01 - 45.00 144 18,999,571.87 0.95 327 38.13 7.654 609 42.41
45.01 - 50.00 202 27,644,370.23 1.38 344 38.52 7.747 613 47.87
50.01 - 55.00 270 39,616,883.52 1.98 350 38.14 7.829 602 52.82
55.01 - 60.00 670 96,030,422.81 4.80 353 38.60 8.402 572 58.66
60.01 - 65.00 504 74,828,027.32 3.74 350 39.14 8.112 594 63.18
65.01 - 70.00 649 110,956,223.44 5.55 350 39.72 7.744 610 67.95
70.01 - 75.00 1,833 282,504,830.39 14.13 353 40.81 8.429 583 73.77
75.01 - 80.00 1,957 332,313,779.55 16.62 350 40.22 7.523 625 78.63
80.01 - 85.00 1,954 362,206,828.51 18.11 355 40.73 7.889 612 83.73
85.01 - 90.00 3,011 591,710,112.74 29.59 355 40.65 7.513 639 89.17
90.01 - 95.00 199 32,858,695.90 1.64 353 40.52 7.462 698 94.05
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RANGE OF MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
FICO SCORES LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
000- 000 000 $ 111,145,363.72 5.56% 357 41.79% 9.271% 509 64.97%
520- 539 1,053 159,942,306.56 8.00 357 42.78 9.179 529 72.26
540- 559 1,203 184,122,640.04 9.21 355 40.96 8.718 551 75.47
560- 579 1,208 192,210,518.82 9.61 356 40.53 8.324 569 77.99
580- 599 1,015 171,245,014.33 8.56 356 40.69 8.134 589 78.53
600- 619 1,023 182,166,201.72 9.11 357 40.33 7.826 609 79.65
620- 639 1,299 230,862,442.79 11.54 354 39.58 7.670 629 81.59
640- 659 1,365 252,138,533.95 12.61 351 39.36 7.251 649 81.43
660- 679 1,025 197,914,366.37 9.90 351 39.85 6.940 669 81.43
000- 000 000 118,139,833.92 5.91 343 39.49 6.848 689 81.19
000- 000 000 73,989,296.39 3.70 345 40.05 6.709 709 81.18
000- 000 000 53,272,569.85 2.66 337 39.75 6.537 729 76.83
000- 000 000 37,331,356.56 1.87 343 37.41 6.364 749 76.98
000- 000 000 19,168,539.25 0.96 336 34.85 6.315 769 71.03
780- 799 65 13,022,121.08 0.65 334 36.88 6.223 787 72.11
800- 819 18 3,327,654.28 0.17 347 36.53 6.154 805 69.71
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
RANGE OF DEBT- NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
TO-INCOME RATIOS MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
(%) LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<=20.00 608 $ 90,277,239.37 4.51% 346 14.45% 7.705% 627 74.35%
20.01 - 25.00 659 95,762,594.86 4.79 347 23.13 7.684 625 74.81
25.01 - 30.00 985 154,427,007.28 7.72 350 28.13 7.682 620 76.48
30.01 - 35.00 1,413 222,260,253.19 11.11 350 33.10 7.712 621 77.56
35.01 - 40.00 1,676 284,087,759.59 14.20 353 38.11 7.665 620 78.77
40.01 - 45.00 2,114 374,713,963.51 18.74 354 43.14 7.741 620 78.99
45.01 - 50.00 3,340 621,446,499.89 31.07 354 48.18 7.764 622 80.01
50.01 - 55.00 870 157,023,441.94 7.85 356 53.13 8.748 563 73.78
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
STATE LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
California 1,298 $ 353,447,024.51 17.67% 357 40.83% 7.323% 624 75.54%
Florida 1,432 223,840,536.12 11.19 355 39.83 7.776 608 79.17
New York 615 146,626,461.90 7.33 355 42.43 8.005 616 73.61
New Jersey 515 113,758,351.02 5.69 355 40.97 8.378 610 75.37
Texas 964 103,713,660.36 5.19 334 39.47 8.335 615 76.56
Maryland 479 91,638,955.58 4.58 357 40.71 8.102 597 78.19
Massachusetts 349 88,963,292.97 4.45 354 39.88 6.404 637 79.50
Pennsylvania 461 64,526,750.76 3.23 349 40.27 7.896 608 80.22
Michigan 507 62,696,931.54 3.13 355 40.92 8.000 606 80.23
Illinois 404 62,642,532.58 3.13 355 41.81 8.816 598 78.77
Georgia 406 57,356,989.19 2.87 353 39.26 8.605 612 81.02
Arizona 299 52,235,286.68 2.61 358 40.27 7.703 610 81.27
Washington 235 45,813,414.65 2.29 355 38.97 7.476 625 82.27
Wisconsin 300 44,537,372.70 2.23 348 39.42 7.850 642 81.41
Minnesota 221 38,005,409.46 1.90 349 39.70 7.419 640 80.62
Tennessee 289 34,469,771.50 1.72 342 39.49 8.037 618 81.74
Nevada 130 29,590,271.02 1.48 359 42.38 7.627 607 77.57
Connecticut 160 28,480,065.90 1.42 353 41.73 7.848 599 74.83
Indiana 251 27,557,952.08 1.38 350 37.91 8.068 621 81.66
Rhode Island 131 26,653,772.39 1.33 353 40.05 7.364 616 72.49
Other 2,219 303,443,956.72 15.17 349 38.86 7.902 622 80.15
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
OCCUPANCY MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
STATUS* LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 11,101 $1,922,223,763.48 96.11% 353 40.35% 7.776% 616 78.05%
Non-owner Occupied 425 56,817,136.64 2.84 354 37.77 8.575 627 78.56
Second Home 139 20,957,859.51 1.05 355 37.91 8.304 628 81.94
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
* Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
INCOME MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
DOCUMENTATION LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 8,523 $1,472,924,902.78 73.65% 352 40.06% 7.617% 620 78.41%
Stated Docs 1,446 245,720,073.69 12.29 355 41.89 8.701 610 74.35
Limited Docs 1,696 281,353,783.16 14.07 354 39.81 7.999 606 79.79
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
PURPOSE LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
**REFI-CASH OUT 10,933 $1,885,775,942.48 94.29% 353 40.26% 7.811% 616 77.98%
***REFI-NO CASH OUT 606 93,898,346.41 4.69 350 40.48 7.721 629 79.85
PURCHASE 126 20,324,470.74 1.02 359 37.97 7.551 644 81.67
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
** 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
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RISK MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
CATEGORY LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
8A 824 $ 158,641,704.94 7.93% 339 38.29% 6.451% 741 76.66%
7A 809 151,617,154.83 7.58 344 39.64 6.770 693 81.12
6A 953 186,439,278.72 9.32 350 39.96 6.865 669 81.43
5A 1,208 225,789,107.95 11.29 351 39.32 7.145 649 81.92
4A 1,024 184,660,287.25 9.23 354 39.57 7.521 630 82.51
3A 767 140,984,246.03 7.05 356 40.21 7.690 613 80.23
2A 2,190 379,281,885.66 18.96 356 40.42 7.889 586 80.20
A 647 104,593,822.82 5.23 355 39.82 8.678 580 79.32
B 1,422 215,163,582.36 10.76 357 42.95 9.078 546 74.46
C 1,383 195,730,126.40 9.79 357 41.60 9.240 544 68.95
D 438 57,097,562.67 2.85 358 39.05 9.299 523 57.56
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
PROPERTY TYPE LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family Detached 9,623 $1,641,402,619.99 82.07% 352 40.22% 7.791% 617 78.48%
PUD 693 130,654,809.59 6.53 352 39.89 7.838 608 79.69
2-4 Units 507 111,232,155.24 5.56 354 42.28 7.862 620 72.13
Condominium 413 70,346,256.10 3.52 356 38.45 7.572 630 79.81
Manufactured/Mobile Housing 300 29,705,588.41 1.49 349 39.84 8.426 617 69.57
SFR-Attached 100 12,186,929.56 0.61 351 40.16 8.574 585 75.15
PUD-Attached 29 4,470,400.74 0.22 359 40.06 7.850 619 78.08
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PREPAYMENT PRINCIPAL BALANCE REMAINING
CHARGE TERM AT NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
ORIGINATION MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
(MONTHS) LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
0 4,604 $ 799,959,970.11 40.00% 353 40.66% 8.193% 610 77.49%
12 282 57,461,356.62 2.87 346 39.82 7.046 654 71.78
24 22 4,681,250.71 0.23 356 37.15 7.711 622 83.53
30 48 10,664,905.98 0.53 348 40.83 7.631 639 83.46
36 6,709 1,127,231,276.21 56.36 353 39.99 7.569 619 78.79
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
CONFORMING MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
BALANCE LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 10,936 $1,664,966,393.82 83.25% 352 40.03% 7.874% 613 77.61%
Non-Conforming
Balance 729 335,032,365.81 16.75 358 41.35 7.458 633 80.58
====================================================================================================================================
TOTAL: 11,665 $1,999,998,759.63 100.00% 353 40.25% 7.804% 617 78.10%
------------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
RANGE OF PRINCIPAL BALANCE REMAINING
MAXIMUM NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE RATES MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
(%) LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
11.500 -11.999 217 $ 56,089,139.96 3.51% 356 40.17% 5.835% 680 81.34%
12.000 -12.499 413 105,634,844.36 6.60 358 39.24 6.280 652 81.45
12.500 -12.999 1,332 286,326,674.21 17.90 357 40.00 6.782 636 81.85
13.000 -13.499 845 171,421,115.47 10.71 357 40.35 7.257 619 80.78
13.500 -13.999 1,639 291,188,602.50 18.20 357 40.70 7.767 601 79.62
14.000 -14.499 865 142,329,827.39 8.90 357 41.14 8.247 581 76.76
14.500 -14.999 1,475 227,259,366.69 14.20 358 40.97 8.764 572 75.98
15.000 -15.499 585 84,045,340.49 5.25 358 41.29 9.265 561 75.28
15.500 -15.999 911 123,423,292.60 7.71 357 42.07 9.759 559 75.74
16.000 -16.499 312 40,516,222.73 2.53 356 41.94 10.253 561 75.03
16.500 -16.999 333 42,259,278.17 2.64 358 42.47 10.726 557 76.50
17.000 -17.499 89 9,916,323.69 0.62 355 42.15 11.246 561 75.73
17.500 -17.999 105 11,354,344.05 0.71 359 41.23 11.748 558 74.89
18.000 -18.499 30 5,479,960.71 0.34 359 41.24 12.270 562 78.90
18.500 -18.999 13 2,432,655.03 0.15 359 43.26 12.618 539 78.52
19.000 -19.499 1 59,960.66 0.00 357 35.00 13.250 596 80.00
19.500 -19.999 1 254,724.16 0.02 359 51.00 13.600 547 73.85
====================================================================================================================================
TOTAL: 9,166 $1,599,991,672.87 100.00% 357 40.73% 8.002% 601 78.77%
------------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
RANGE OF PRINCIPAL BALANCE REMAINING
MINIMUM NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE RATES MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
(%) LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 217 $ 56,089,139.96 3.51% 356 40.17% 5.835% 680 81.34%
6.000 - 6.499 413 105,634,844.36 6.60 358 39.24 6.280 652 81.45
6.500 - 6.999 1,332 286,326,674.21 17.90 357 40.00 6.782 636 81.85
7.000 - 7.499 845 171,421,115.47 10.71 357 40.35 7.257 619 80.78
7.500 - 7.999 1,639 291,188,602.50 18.20 357 40.70 7.767 601 79.62
8.000 - 8.499 865 142,329,827.39 8.90 357 41.14 8.247 581 76.76
8.500 - 8.999 1,475 227,259,366.69 14.20 358 40.97 8.764 572 75.98
9.000 - 9.499 585 84,045,340.49 5.25 358 41.29 9.265 561 75.28
9.500 - 9.999 911 123,423,292.60 7.71 357 42.07 9.759 559 75.74
10.000 -10.499 312 40,516,222.73 2.53 356 41.94 10.253 561 75.03
10.500 -10.999 333 42,259,278.17 2.64 358 42.47 10.726 557 76.50
11.000 -11.499 89 9,916,323.69 0.62 355 42.15 11.246 561 75.73
11.500 -11.999 105 11,354,344.05 0.71 359 41.23 11.748 558 74.89
12.000 -12.499 30 5,479,960.71 0.34 359 41.24 12.270 562 78.90
12.500 -12.999 13 2,432,655.03 0.15 359 43.26 12.618 539 78.52
13.000 -13.499 1 59,960.66 0.00 357 35.00 13.250 596 80.00
13.500 -13.999 1 254,724.16 0.02 359 51.00 13.600 547 73.85
====================================================================================================================================
TOTAL: 9,166 $1,599,991,672.87 100.00% 357 40.73% 8.002% 601 78.77%
------------------------------------------------------------------------------------------------------------------------------------
MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
RANGE OF PRINCIPAL BALANCE REMAINING
MORTGAGE NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MARGINS MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
(%) LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1.500- 1.749 1 $ 238,650.00 0.01% 360 32.00% 6.990% 728 92.50%
2.750- 2.999 46 12,041,202.00 0.75 360 40.89 6.227 714 81.94
3.000- 3.249 22 5,633,953.49 0.35 360 38.85 6.563 622 79.15
3.250- 3.499 59 14,568,590.50 0.91 357 41.66 6.252 615 81.58
3.500- 3.749 69 18,142,771.68 1.13 359 38.68 6.369 626 83.36
3.750- 3.999 73 19,442,477.14 1.22 359 41.03 6.644 619 83.20
4.000- 4.249 53 11,466,373.48 0.72 359 42.12 7.487 616 80.64
4.250- 4.499 314 49,436,008.49 3.09 358 41.93 8.978 590 79.04
4.500- 4.749 27 4,842,304.23 0.30 359 40.55 7.048 703 83.02
4.750- 4.999 203 41,284,009.43 2.58 356 40.07 6.901 721 84.08
5.000- 5.249 386 75,379,367.31 4.71 356 40.55 6.979 684 85.17
5.250- 5.499 589 123,207,689.08 7.70 357 40.78 6.947 664 83.61
5.500- 5.749 776 150,411,320.59 9.40 357 39.83 7.277 645 83.66
5.750- 5.999 968 181,376,595.64 11.34 358 40.17 7.584 619 82.57
6.000- 6.249 2,230 397,401,522.86 24.84 357 40.39 7.935 590 80.46
6.250- 6.499 644 101,475,389.81 6.34 357 40.28 8.753 569 76.80
6.500- 6.749 1,310 196,116,106.62 12.26 357 42.49 9.092 543 73.53
6.750- 6.999 1,396 197,527,340.52 12.35 357 41.08 9.255 538 66.19
====================================================================================================================================
TOTAL: 9,166 $1,599,991,672.87 100.00% 357 40.73% 8.002% 601 78.77%
------------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NEXT RATE NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
ADJUSTMENT MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
DATE LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2006-10 1 $ 89,559.97 0.01% 353 50.00% 7.900% 629 90.00%
2006-11 1 195,991.30 0.01 354 47.00 6.150 635 90.00
2006-12 41 8,368,492.29 0.52 355 42.27 8.316 568 78.40
2007-01 60 12,922,221.54 0.81 354 41.01 7.249 638 84.09
2007-02 469 93,169,351.80 5.82 355 42.52 8.072 594 79.26
2007-03 723 121,056,289.41 7.57 356 41.97 8.404 597 79.16
2007-04 3,577 614,040,361.23 38.38 357 40.57 7.999 596 77.86
2007-05 1,969 356,361,168.12 22.27 359 41.04 8.092 601 79.32
2007-06 1,352 230,106,089.08 14.38 358 40.19 8.007 603 78.46
2007-07 6 1,886,500.00 0.12 360 47.02 7.772 634 81.94
2008-03 74 12,853,086.38 0.80 354 42.47 8.054 612 83.99
2008-04 426 67,997,527.57 4.25 354 38.46 7.560 615 78.66
2008-05 290 53,881,947.18 3.37 357 39.98 7.304 645 81.61
2008-06 177 27,063,087.00 1.69 358 38.62 7.568 625 80.53
====================================================================================================================================
TOTAL: 9,166 $1,599,991,672.87 100.00% 357 40.73% 8.002% 601 78.77%
------------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
INITIAL NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
PERIODIC MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
RATE CAP (%) LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2.000 9,166 $1,599,991,672.87 100.00% 357 40.73% 8.002% 601 78.77%
====================================================================================================================================
TOTAL: 9,166 $1,599,991,672.87 100.00% 357 40.73% 8.002% 601 78.77%
------------------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC RATE CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
SUBSEQUENT NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
PERIODIC RATE MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
CAP (%) LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1.000 9,166 $1,599,991,672.87 100.00% 357 40.73% 8.002% 601 78.77%
====================================================================================================================================
TOTAL: 9,166 $1,599,991,672.87 100.00% 357 40.73% 8.002% 601 78.77%
------------------------------------------------------------------------------------------------------------------------------------
GROUP I MORTGAGE LOAN STATISTICS
The Group I Mortgage Loans consist of 10,541 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date or the Subsequent Cut-off Date of approximately $1,614,128,139.04
after application of scheduled payments due on or before the Cut-off Date or the
Subsequent Cut-off Date whether or not received and application of all
unscheduled payments of principal received prior to the Cut-off Date or the
Subsequent Cut-off Date, and subject to a permitted variance of plus or minus
5%. None of the Group I Mortgage Loans had a first Due Date prior to November 1,
2004, or after August 1, 2005, or will have a remaining term to stated maturity
of less than 116 months or greater than 360 months as of the Cut-off Date or
Subsequent Cut-off Date. The latest maturity date of any Group I Mortgage Loan
is July 1, 2035.
COLLATERAL TYPE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
COLLATERAL TYPE LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
FIXED 2,170 $ 313,216,868.18 19.40% 330 37.80% 7.084% 677 75.62%
2 YEAR ARMS 7,090 1,091,282,126.40 67.61 357 40.89 8.140 590 77.59
3 YEAR ARMS 775 108,612,116.04 6.73 354 38.50 7.789 611 78.76
2 YEAR ARMS IO 357 71,450,238.42 4.43 360 39.83 7.148 655 82.68
3 YEAR ARMS IO 100 20,225,066.00 1.25 360 41.04 6.849 678 84.22
FIXED IO 49 9,341,724.00 0.58 360 36.88 7.167 668 80.19
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
RANGE OF NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
AT ORIGINATION ($) LOANS ORIGINATION DATE (MONTHS)* (%)* (%)* FICO* OLTV (%)*
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 -100,000.00 3,199 $ 251,268,854.00 15.55% 341 37.88% 8.653% 599 72.89%
100,000.01 - 150,000.00 2,918 360,244,980.00 22.30 350 39.32 8.037 610 77.47
150,000.01 - 200,000.00 1,873 325,463,694.00 20.14 354 40.45 7.759 614 77.67
200,000.01 - 250,000.00 1,143 254,937,646.00 15.78 355 40.52 7.620 616 78.34
250,000.01 - 300,000.00 844 231,852,230.00 14.35 356 40.95 7.407 623 79.63
300,000.01 - 350,000.00 445 144,578,762.00 8.95 357 41.77 7.402 619 80.79
350,000.01 - 400,000.00 72 26,131,387.00 1.62 351 42.38 7.257 626 77.93
400,000.01 - 450,000.00 32 13,555,548.00 0.84 359 42.59 7.690 616 80.10
450,000.01 - 500,000.00 7 3,271,730.00 0.20 359 49.06 7.251 633 85.73
500,000.01 - 550,000.00 5 2,645,500.00 0.16 359 41.91 7.694 625 87.96
550,000.01 - 600,000.00 3 1,770,000.00 0.11 359 35.97 7.849 637 81.21
====================================================================================================================================
TOTAL: 10,541 $1,615,720,331.00 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
RANGE OF PRINCIPAL NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
BALANCES AS OF THE MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
CUT-OFF DATE ($) LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 -100,000.00 3,204 $ 251,486,179.87 15.58% 341 37.86% 8.650% 599 72.90%
100,000.01 - 150,000.00 2,915 359,712,859.23 22.29 350 39.35 8.037 610 77.48
150,000.01 - 200,000.00 1,873 325,258,752.72 20.15 354 40.45 7.759 613 77.66
200,000.01 - 250,000.00 1,142 254,555,366.41 15.77 355 40.49 7.620 616 78.37
250,000.01 - 300,000.00 845 231,954,218.75 14.37 356 40.97 7.409 622 79.63
300,000.01 - 350,000.00 445 144,534,739.88 8.95 357 41.77 7.399 620 80.78
350,000.01 - 400,000.00 70 25,401,071.18 1.57 351 42.50 7.272 626 77.78
400,000.01 - 450,000.00 33 13,992,970.43 0.87 359 42.79 7.659 617 80.25
450,000.01 - 500,000.00 6 2,818,817.03 0.17 359 49.07 7.339 631 85.85
500,000.01 - 550,000.00 5 2,643,957.79 0.16 359 41.91 7.694 625 87.96
550,000.01 - 600,000.00 3 1,769,205.75 0.11 359 35.96 7.849 637 81.21
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RANGE OF MONTHS MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
REMAINING LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
61- 120 56 $ 5,101,459.77 0.32% 119 32.65% 7.495% 673 63.89%
121- 180 306 31,727,237.81 1.97 179 36.21 7.518 656 70.95
181- 240 277 33,357,918.30 2.07 238 37.02 7.363 657 74.40
241- 300 86 12,873,567.83 0.80 298 38.72 6.688 697 76.88
301- 360 9,816 1,531,067,955.33 94.85 359 40.25 7.874 610 77.87
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
RANGE OF NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
CURRENT MORTGAGE MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
RATES (%) LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 378 $ 79,719,732.45 4.94% 345 37.76% 5.844% 707 74.75%
6.000 - 6.499 676 136,098,106.84 8.43 347 37.86 6.278 672 77.94
6.500 - 6.999 1,736 308,840,532.29 19.13 349 39.38 6.777 648 80.35
7.000 - 7.499 1,023 174,404,095.89 10.80 351 39.72 7.257 630 80.04
7.500 - 7.999 1,847 281,867,928.78 17.46 353 40.16 7.768 607 79.02
8.000 - 8.499 962 137,647,723.86 8.53 352 40.69 8.247 584 75.91
8.500 - 8.999 1,572 212,163,976.65 13.14 355 40.74 8.762 573 75.29
9.000 - 9.499 610 77,238,197.96 4.79 355 41.48 9.258 561 74.31
9.500 - 9.999 948 117,113,174.10 7.26 355 41.92 9.757 558 75.26
10.000 -10.499 336 38,713,203.38 2.40 354 41.43 10.255 558 74.48
10.500 -10.999 347 39,467,706.95 2.45 354 42.13 10.723 556 75.54
11.000 -11.499 77 7,745,759.45 0.48 348 43.63 11.213 555 74.96
11.500 -11.999 19 1,951,867.65 0.12 359 44.25 11.719 552 76.90
12.000 -12.499 7 646,282.79 0.04 360 33.95 12.233 553 74.51
12.500 -12.999 3 509,850.00 0.03 360 48.30 12.739 553 79.47
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
RANGE OF ORIGINAL NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
LOAN-TO-VALUE RATIOS MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
(%) LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<=25.00 68 $ 6,085,456.21 0.38% 322 37.85% 7.996% 617 18.96%
25.01- 30.00 46 4,649,446.37 0.29 335 36.35 7.970 603 27.93
30.01- 35.00 65 7,547,074.76 0.47 335 35.98 7.899 599 33.13
35.01- 40.00 78 9,164,083.93 0.57 346 37.32 7.720 619 37.66
40.01- 45.00 135 17,099,705.60 1.06 334 37.45 7.722 604 42.53
45.01- 50.00 187 24,309,591.23 1.51 343 38.15 7.851 608 47.93
50.01- 55.00 258 35,972,242.18 2.23 349 37.75 7.823 601 52.74
55.01- 60.00 635 86,078,911.39 5.33 352 38.43 8.471 565 58.69
60.01- 65.00 461 64,444,031.81 3.99 349 39.24 8.095 593 63.18
65.01- 70.00 585 88,157,993.57 5.46 349 39.89 7.868 601 67.96
70.01- 75.00 1,668 235,168,535.93 14.57 353 40.73 8.379 581 73.77
75.01- 80.00 1,758 263,978,708.52 16.35 349 39.69 7.577 621 78.64
80.01- 85.00 1,734 276,589,169.84 17.14 354 40.62 7.966 607 83.73
85.01- 90.00 2,670 464,143,322.34 28.76 355 40.59 7.531 638 89.14
90.01- 95.00 193 30,739,865.36 1.90 353 40.50 7.488 698 94.00
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RANGE OF MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
FICO SCORES LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
500- 519 739 $ 99,187,268.82 6.14% 357 41.96% 9.171% 509 64.28%
520- 539 977 141,522,566.39 8.77 357 42.62 9.105 529 71.98
540- 559 1,112 158,323,142.73 9.81 355 40.68 8.677 551 74.90
560- 579 1,123 163,505,101.17 10.13 355 40.42 8.322 569 77.77
580- 599 936 140,493,144.81 8.70 356 40.87 8.127 589 78.12
600- 619 928 143,857,823.10 8.91 356 40.37 7.858 609 79.42
620- 639 1,168 184,883,583.82 11.45 353 39.28 7.647 629 80.98
640- 659 1,204 194,420,688.36 12.04 350 39.45 7.232 649 80.97
660- 679 885 146,012,663.55 9.05 349 38.91 6.985 669 81.10
680- 699 564 93,373,105.90 5.78 342 38.93 6.901 689 81.52
700- 719 342 56,298,780.09 3.49 343 39.58 6.767 709 82.11
720- 739 227 37,816,968.15 2.34 332 38.80 6.588 729 77.56
740- 759 162 26,739,547.01 1.66 337 35.75 6.396 748 76.43
760- 779 103 16,321,565.02 1.01 332 35.51 6.305 769 70.37
780- 799 56 8,992,590.88 0.56 337 33.68 6.286 788 74.33
800- 819 15 2,379,599.24 0.15 343 39.12 6.252 805 64.47
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
RANGE OF NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
DEBT-TO-INCOME MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
RATIOS (%) LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<=20.00 543 $ 70,017,510.47 4.34% 344 14.82% 7.736% 623 73.04%
20.01- 25.00 621 83,216,409.17 5.16 346 23.17 7.665 624 74.69
25.01- 30.00 900 126,738,312.51 7.85 349 28.08 7.693 619 75.65
30.01- 35.00 1,301 189,990,867.58 11.77 349 33.10 7.715 619 77.24
35.01- 40.00 1,520 232,341,376.23 14.39 352 38.12 7.716 617 78.11
40.01- 45.00 1,896 299,390,775.71 18.55 353 43.09 7.798 616 78.74
45.01- 50.00 2,991 492,940,100.13 30.54 353 48.17 7.816 617 79.65
50.01- 55.00 769 119,492,787.24 7.40 357 53.16 8.903 551 72.76
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
STATE LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
California 953 $ 203,159,565.92 12.59% 355 40.10% 7.325% 613 71.99%
Florida 1,352 197,919,235.25 12.26 355 39.95 7.803 604 78.73
New York 523 109,809,681.42 6.80 354 42.21 8.120 610 72.59
Texas 890 92,896,256.76 5.76 332 39.49 8.262 616 76.81
New Jersey 441 87,874,425.14 5.44 355 40.79 8.388 607 73.78
Maryland 441 76,407,350.29 4.73 357 41.09 8.225 591 77.15
Massachusetts 290 66,606,809.17 4.13 353 39.55 6.406 637 78.09
Michigan 490 58,890,667.68 3.65 355 40.77 7.985 605 80.15
Pennsylvania 441 58,850,018.00 3.65 349 39.82 7.882 607 80.32
Illinois 382 54,626,179.72 3.38 354 42.42 8.835 597 78.68
Georgia 365 48,969,462.29 3.03 353 39.36 8.593 612 81.17
Arizona 278 45,880,761.45 2.84 358 39.95 7.638 611 81.25
Washington 218 39,431,877.47 2.44 354 39.28 7.492 626 82.09
Wisconsin 285 38,984,716.23 2.42 346 39.60 7.795 643 81.63
Minnesota 206 34,316,903.14 2.13 349 39.08 7.446 636 80.40
Tennessee 269 30,145,421.87 1.87 341 39.64 8.038 618 81.81
Connecticut 152 25,550,118.34 1.58 356 41.58 7.824 597 76.09
Indiana 234 24,831,156.37 1.54 350 38.04 8.068 620 81.89
Missouri 196 23,196,233.75 1.44 348 38.25 7.701 622 81.78
Nevada 112 22,730,380.06 1.41 359 41.73 7.761 602 76.13
Other 2,023 273,050,918.72 16.92 349 39.04 7.838 620 79.41
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
OCCUPANCY MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
STATUS* LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 10,023 $1,545,960,169.65 95.78% 352 40.17% 7.822% 612 77.54%
Non-owner Occupied 389 49,973,916.37 3.10 354 37.80 8.440 627 78.29
Second Home 129 18,194,053.02 1.13 355 37.05 8.260 628 81.60
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
INCOME MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
DOCUMENTATION LOANS THE CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 7,748 $1,193,267,017.62 73.93% 351 39.91% 7.689% 615 77.96%
Stated Docs 1,247 189,698,793.43 11.75 354 41.44 8.636 609 73.48
Limited Docs 1,546 231,162,327.99 14.32 353 39.73 8.010 604 79.20
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
PURPOSE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
**Refi-Cash Out 9,896 $1,523,842,729.25 94.41% 352 40.06% 7.856% 612 77.42%
***Refi-No Cash Out 557 79,500,598.13 4.93 351 40.33 7.667 631 80.79
Purchase 88 10,784,811.66 0.67 360 38.33 7.742 638 81.10
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
** 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
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
RISK CATEGORY LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
8A 714 $ 117,363,031.22 7.27% 335 37.22% 6.487% 741 76.92%
7A 719 118,785,328.68 7.36 343 39.28 6.851 693 81.68
6A 821 137,225,154.77 8.50 348 39.04 6.901 669 81.14
5A 1,061 172,967,277.55 10.72 349 39.52 7.138 649 81.52
4A 914 145,954,154.47 9.04 353 39.27 7.477 630 81.89
3A 688 110,054,805.30 6.82 355 40.27 7.688 613 80.05
2A 2,011 310,903,357.14 19.26 355 40.36 7.891 586 79.94
A 598 86,954,292.44 5.39 354 39.69 8.639 577 79.01
B 1,323 189,621,132.79 11.75 357 42.70 9.013 546 74.04
C 1,273 169,653,984.14 10.51 357 41.59 9.143 543 68.68
D 419 54,645,620.54 3.39 358 38.92 9.251 522 57.33
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO MORTGAGE
MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
PROPERTY TYPE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family 8,676 $1,311,727,737.20 81.27% 352 39.97% 7.841% 613 77.99%
PUD 623 103,391,379.36 6.41 350 40.24 7.901 603 79.98
2-4 Family 478 100,767,855.41 6.24 354 42.33 7.817 618 71.48
Condominium 371 56,223,405.68 3.48 355 38.02 7.552 631 79.78
Manufactured/Mobile Home 267 26,133,351.07 1.62 352 39.70 8.363 615 69.40
Single Family - Attached 97 11,414,009.58 0.71 350 39.67 8.493 585 74.93
PUD - Attached 29 4,470,400.74 0.28 359 40.06 7.850 619 78.08
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
-----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
-----------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
PREPAYMENT CHARGE NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
TERM AT ORIGINATION MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
(MOS.) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
0 4,081 $ 633,839,629.19 39.27% 352 40.59% 8.208% 607 76.74%
12 247 43,853,639.82 2.72 343 39.77 7.165 647 72.04
24 15 1,642,461.86 0.10 352 37.19 8.238 625 85.52
30 42 8,007,546.19 0.50 344 39.35 7.622 637 85.57
36 6,156 926,784,861.98 57.42 352 39.73 7.632 615 78.39
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
CONFORMING BALANCE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
====================================================================================================================================
TOTAL: 10,541 $1,614,128,139.04 100.00% 352 40.06% 7.846% 613 77.61%
------------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RANGE OF MAXIMUM MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
MORTGAGE RATES (%) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
11.500 -11.999 176 $ 38,044,075.45 2.95% 356 38.99% 5.845% 675 81.18%
12.000 -12.499 347 76,555,428.63 5.93 358 39.15 6.284 647 80.44
12.500 -12.999 1,168 219,420,135.10 16.99 357 39.95 6.786 634 81.17
13.000 -13.499 753 135,723,099.64 10.51 356 40.31 7.258 619 80.72
13.500 -13.999 1,516 239,807,748.22 18.57 357 40.39 7.771 599 79.23
14.000 -14.499 812 120,692,278.20 9.34 356 41.00 8.251 578 75.83
14.500 -14.999 1,400 195,366,782.42 15.13 357 40.89 8.764 569 75.27
15.000 -15.499 554 71,954,512.19 5.57 358 41.50 9.259 559 74.36
15.500 -15.999 882 111,103,212.69 8.60 357 42.07 9.758 557 75.32
16.000 -16.499 301 35,843,016.91 2.78 356 41.44 10.256 558 74.57
16.500 -16.999 318 37,109,539.00 2.87 357 42.20 10.724 554 75.89
17.000 -17.499 69 7,033,117.97 0.54 353 43.97 11.213 556 75.62
17.500 -17.999 17 1,820,467.65 0.14 359 43.73 11.703 554 76.64
18.000 -18.499 6 586,282.79 0.05 360 35.49 12.211 559 78.62
18.500 -18.999 3 509,850.00 0.04 360 48.30 12.739 553 79.47
====================================================================================================================================
TOTAL: 8,322 $1,291,569,546.86 100.00% 357 40.64% 8.036% 597 78.07%
------------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RANGE OF MINIMUM MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
MORTGAGE RATES (%) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 176 $ 38,044,075.45 2.95% 356 38.99% 5.845% 675 81.18%
6.000 - 6.499 347 76,555,428.63 5.93 358 39.15 6.284 647 80.44
6.500 - 6.999 1,168 219,420,135.10 16.99 357 39.95 6.786 634 81.17
7.000 - 7.499 753 135,723,099.64 10.51 356 40.31 7.258 619 80.72
7.500 - 7.999 1,516 239,807,748.22 18.57 357 40.39 7.771 599 79.23
8.000 - 8.499 812 120,692,278.20 9.34 356 41.00 8.251 578 75.83
8.500 - 8.999 1,400 195,366,782.42 15.13 357 40.89 8.764 569 75.27
9.000 - 9.499 554 71,954,512.19 5.57 358 41.50 9.259 559 74.36
9.500 - 9.999 882 111,103,212.69 8.60 357 42.07 9.758 557 75.32
10.000 -10.499 301 35,843,016.91 2.78 356 41.44 10.256 558 74.57
10.500 -10.999 318 37,109,539.00 2.87 357 42.20 10.724 554 75.89
11.000 -11.499 69 7,033,117.97 0.54 353 43.97 11.213 556 75.62
11.500 -11.999 17 1,820,467.65 0.14 359 43.73 11.703 554 76.64
12.000 -12.499 6 586,282.79 0.05 360 35.49 12.211 559 78.62
12.500 -12.999 3 509,850.00 0.04 360 48.30 12.739 553 79.47
====================================================================================================================================
TOTAL: 8,322 $1,291,569,546.86 100.00% 357 40.64% 8.036% 597 78.07%
------------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RANGE OF GROSS MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
MARGINS (%) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1.500 - 1.749 1 $ 238,650.00 0.02% 360 32.00% 6.990% 728 92.50%
2.750 - 2.999 37 7,567,952.00 0.59 360 38.29 6.474 711 83.54
3.000 - 3.249 20 4,740,954.49 0.37 359 38.00 6.432 614 79.03
3.250 - 3.499 52 11,670,737.22 0.90 357 40.34 6.253 613 80.03
3.500 - 3.749 58 13,558,011.65 1.05 358 38.85 6.335 624 82.87
3.750 - 3.999 59 13,953,903.39 1.08 359 40.63 6.656 621 82.19
4.000 - 4.249 46 8,536,491.61 0.66 359 42.38 7.832 602 78.96
4.250 - 4.499 295 41,871,623.85 3.24 358 42.62 9.024 588 78.90
4.500 - 4.749 24 3,415,015.82 0.26 359 38.18 6.968 697 80.43
4.750 - 4.999 174 29,156,456.66 2.26 355 39.27 6.950 717 84.74
5.000 - 5.249 346 58,898,935.34 4.56 356 40.95 7.073 684 84.91
5.250 - 5.499 500 87,908,892.39 6.81 356 40.02 6.981 663 83.44
5.500 - 5.749 681 113,026,441.60 8.75 356 40.16 7.226 644 83.00
5.750 - 5.999 862 140,255,035.65 10.86 357 39.81 7.540 618 82.12
6.000 - 6.249 2,050 323,136,067.17 25.02 357 40.36 7.937 590 80.40
6.250 - 6.499 602 85,830,916.91 6.65 356 40.29 8.708 566 76.16
6.500 - 6.749 1,224 172,689,213.47 13.37 357 42.34 9.005 543 73.06
6.750 - 6.999 1,291 175,114,247.64 13.56 357 40.88 9.154 538 65.75
====================================================================================================================================
TOTAL: 8,322 $1,291,569,546.86 100.00% 357 40.64% 8.036% 597 78.07%
------------------------------------------------------------------------------------------------------------------------------------
NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
NEXT RATE MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
ADJUSTMENT DATE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2006-10 1 $ 89,559.97 0.01% 353 50.00% 7.900% 629 90.00%
2006-11 1 195,991.30 0.02 354 47.00 6.150 635 90.00
2006-12 35 6,687,074.49 0.52 355 40.67 7.942 578 78.17
2007-01 55 11,593,633.39 0.90 354 40.46 7.057 642 84.57
2007-02 407 70,646,638.53 5.47 355 42.98 8.187 586 78.99
2007-03 645 95,269,284.45 7.38 356 41.70 8.435 593 78.16
2007-04 3,324 523,447,564.22 40.53 357 40.57 8.001 593 77.19
2007-05 1,748 267,324,010.39 20.70 359 40.68 8.162 594 78.74
2007-06 1,228 187,133,108.08 14.49 358 40.52 8.030 599 77.74
2007-07 3 345,500.00 0.03 360 44.28 7.729 630 73.54
2008-03 67 10,483,396.28 0.81 353 40.90 8.299 610 84.11
2008-04 399 56,453,969.97 4.37 353 38.38 7.682 610 77.69
2008-05 256 40,681,908.79 3.15 357 39.14 7.403 641 81.34
2008-06 153 21,217,907.00 1.64 357 38.83 7.665 620 79.24
====================================================================================================================================
TOTAL: 8,322 $1,291,569,546.86 100.00% 357 40.64% 8.036% 597 78.07%
------------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
INITIAL PERIODIC MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
RATE CAP (%) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2.000 8,322 $1,291,569,546.86 100.00% 357 40.64% 8.036% 597 78.07%
====================================================================================================================================
TOTAL: 8,322 $1,291,569,546.86 100.00% 357 40.64% 8.036% 597 78.07%
------------------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
SUBSEQUENT PERIODIC MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
RATE CAP (%) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1.000 8,322 $1,291,569,546.86 100.00% 357 40.64% 8.036% 597 78.07%
====================================================================================================================================
TOTAL: 8,322 $1,291,569,546.86 100.00% 357 40.64% 8.036% 597 78.07%
------------------------------------------------------------------------------------------------------------------------------------
GROUP II MORTGAGE LOAN STATISTICS
The Group II Mortgage Loans consist of 1,124 adjustable-rate and
fixed-rate Mortgage Loans having an aggregate principal balance as of the
Cut-off Date or the Subsequent Cut-off Date of approximately $385,870,620.59
after application of scheduled payments due on or before the Cut-off Date or the
Subsequent Cut-off Date whether or not received and application of all
unscheduled payments of principal received prior to the Cut-off Date or the
Subsequent Cut-off Date. None of the Group II Mortgage Loans had a first Due
Date prior to January 1, 2005 or after August 1, 2005, or will have a remaining
term to stated maturity of less than 118 months or greater than 360 months as of
the Cut-off Date or the Subsequent Cut-off Date. The latest maturity date of any
Group II Mortgage Loan is July 1, 2035.
COLLATERAL TYPE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
COLLATERAL TYPE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
FIXED 260 $ 71,748,201.46 18.59% 345 40.50% 6.642% 689 73.76%
2 YEAR ARMS 664 239,429,497.93 62.05 359 41.15 8.091 607 81.35
3 YEAR ARMS 64 22,059,496.09 5.72 359 41.18 7.271 625 82.96
2 YEAR ARMS IO 88 36,034,161.99 9.34 360 41.30 7.088 662 82.17
3 YEAR ARMS IO 28 10,898,970.00 2.82 360 40.41 6.519 686 84.14
FIXED IO 20 5,700,293.12 1.48 360 40.70 7.607 678 79.52
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL BALANCES AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
RANGE OF NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
PRINCIPAL BALANCES MORTGAGE AS OF CUT-OFF MATURITY INCOME RATES
AT ORIGINATION ($) LOANS ORIGINATION DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 183 $ 13,683,845.00 3.54% 343 37.47% 10.120% 584 71.47%
100,000.01 - 150,000.00 98 12,216,049.00 3.16 346 40.30 8.587 627 78.26
150,000.01 - 200,000.00 53 9,380,720.00 2.43 356 38.74 8.203 641 80.04
200,000.01 - 250,000.00 32 7,064,777.00 1.83 342 39.10 7.786 655 81.04
250,000.01 - 300,000.00 21 5,832,995.00 1.51 353 39.66 8.084 650 79.48
300,000.01 - 350,000.00 7 2,309,400.00 0.60 358 38.31 8.651 643 80.57
350,000.01 - 400,000.00 238 90,240,194.00 23.37 356 42.49 7.376 632 81.36
400,000.01 - 450,000.00 183 77,344,541.00 20.03 358 41.88 7.448 631 81.11
450,000.01 - 500,000.00 146 69,848,815.00 18.09 359 41.46 7.344 631 80.06
500,000.01 - 550,000.00 47 24,819,341.00 6.43 357 38.19 7.896 621 84.11
550,000.01 - 600,000.00 60 34,853,945.00 9.02 356 39.91 7.444 636 79.92
600,000.01 - 650,000.00 22 13,820,080.00 3.58 359 39.84 7.693 644 76.74
650,000.01 - 700,000.00 8 5,432,000.00 1.41 360 40.04 7.820 636 81.12
700,000.01 - 750,000.00 25 18,425,508.00 4.77 360 41.10 7.562 647 76.71
900,000.01 - 950,000.00 1 945,500.00 0.24 358 46.00 6.100 787 59.09
====================================================================================================================================
TOTAL: 1,124 $386,217,710.00 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
*Based on the original balances of the Mortgage Loans.
PRINCIPAL BALANCE AS OF THE CUT-OFF DATE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
RANGE OF PRINCIPAL NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
BALANCES AS OF THE MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
CUT-OFF DATE ($) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00 183 $ 13,669,882.27 3.54% 343 37.47% 10.122% 584 71.48%
100,000.01 - 150,000.00 99 12,355,645.60 3.20 345 40.22 8.554 628 78.25
150,000.01 - 200,000.00 52 9,222,622.27 2.39 357 38.83 8.242 640 80.08
200,000.01 - 250,000.00 32 7,054,704.38 1.83 342 39.10 7.788 655 81.04
250,000.01 - 300,000.00 21 5,824,836.63 1.51 353 39.67 8.086 650 79.49
300,000.01 - 350,000.00 7 2,306,563.63 0.60 358 38.32 8.653 643 80.57
350,000.01 - 400,000.00 241 91,341,851.59 23.67 356 42.57 7.371 632 81.43
400,000.01 - 450,000.00 180 76,068,123.93 19.71 358 41.78 7.456 631 81.02
450,000.01 - 500,000.00 146 69,790,106.29 18.09 359 41.46 7.345 631 80.06
500,000.01 - 550,000.00 47 24,806,799.60 6.43 357 38.19 7.896 621 84.11
550,000.01 - 600,000.00 60 34,820,610.99 9.02 356 39.91 7.444 636 79.93
600,000.01 - 650,000.00 22 13,815,153.78 3.58 359 39.84 7.693 644 76.74
650,000.01 - 700,000.00 8 5,431,738.57 1.41 360 40.04 7.820 636 81.12
700,000.01 - 750,000.00 25 18,418,332.55 4.77 360 41.11 7.562 647 76.71
900,000.01 - 950,000.00 1 943,648.51 0.24 358 46.00 6.100 787 59.09
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
STATED REMAINING TERM TO MATURITY
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RANGE OF MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
MONTHS REMAINING LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
61-120 3 $ 201,498.44 0.05% 119 41.40% 10.076% 565 52.69%
121-180 19 2,921,848.51 0.76 178 41.14 7.247 672 60.20
181-240 17 3,721,440.89 0.96 238 34.84 6.642 694 72.59
241-300 4 487,636.93 0.13 298 33.95 6.405 686 73.52
301-360 1,081 378,538,195.82 98.10 359 41.09 7.642 631 80.41
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
MORTGAGE RATE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RANGE OF CURRENT MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
MORTGAGE RATES (%) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 83 $ 33,891,248.51 8.78% 350 42.02% 5.839% 706 77.41%
6.000 - 6.499 130 54,736,693.62 14.19 354 40.32 6.257 684 78.02
6.500 - 6.999 231 86,208,823.37 22.34 357 39.92 6.765 651 82.44
7.000 - 7.499 113 41,132,485.99 10.66 359 40.67 7.249 627 80.38
7.500 - 7.999 148 55,456,968.17 14.37 359 41.97 7.749 610 81.09
8.000 - 8.499 65 23,764,292.16 6.16 358 41.60 8.224 605 82.15
8.500 - 8.999 91 34,407,657.75 8.92 356 41.44 8.761 588 80.48
9.000 - 9.499 34 12,383,444.77 3.21 357 39.94 9.300 577 80.40
9.500 - 9.999 40 13,159,691.83 3.41 353 41.90 9.762 583 78.46
10.000 -10.499 12 4,755,604.45 1.23 359 45.55 10.231 581 78.49
10.500 -10.999 17 5,288,396.98 1.37 355 44.28 10.742 577 80.76
11.000 -11.499 26 3,257,863.38 0.84 352 37.28 11.330 570 75.84
11.500 -11.999 97 10,235,296.27 2.65 359 40.96 11.748 558 74.78
12.000 -12.499 24 4,893,677.92 1.27 359 41.93 12.277 562 78.94
12.500 -12.999 11 1,983,790.60 0.51 359 41.93 12.594 538 78.07
13.000 -13.499 1 59,960.66 0.02 357 35.00 13.250 596 80.00
13.500 -13.999 1 254,724.16 0.07 359 51.00 13.600 547 73.85
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL LOAN-TO-VALUE RATIOS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RANGE OF ORIGINAL MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
LOAN-TO-VALUE RATIOS (%) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<=25.00 4 $ 806,429.60 0.21% 359 23.29% 7.084% 641 21.30%
25.01 - 30.00 2 127,225.57 0.03 229 26.39 8.086 649 28.17
30.01 - 35.00 4 651,899.19 0.17 239 41.74 7.136 706 33.06
35.01 - 40.00 5 1,297,397.72 0.34 359 46.54 6.616 688 37.58
40.01 - 45.00 9 1,899,866.27 0.49 267 44.31 7.041 654 41.29
45.01 - 50.00 15 3,334,779.00 0.86 355 41.23 6.988 653 47.36
50.01 - 55.00 12 3,644,641.34 0.94 359 41.95 7.888 611 53.55
55.01 - 60.00 35 9,951,511.42 2.58 357 40.10 7.808 635 58.41
60.01 - 65.00 43 10,383,995.51 2.69 352 38.49 8.217 603 63.23
65.01 - 70.00 64 22,798,229.87 5.91 355 39.10 7.262 645 67.88
70.01 - 75.00 165 47,336,294.46 12.27 355 41.22 8.681 592 73.77
75.01 - 80.00 199 68,335,071.03 17.71 355 42.24 7.314 640 78.61
80.01 - 85.00 220 85,617,658.67 22.19 358 41.07 7.640 628 83.74
85.01 - 90.00 341 127,566,790.40 33.06 359 40.86 7.448 643 89.28
90.01 - 95.00 6 2,118,830.54 0.55 359 40.77 7.083 696 94.70
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
FICO SCORE AT ORIGINATION
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
RANGE OF FICO SCORES LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
500- 519 59 $ 11,958,094.90 3.10% 358 40.38% 10.106% 509 70.71%
520- 539 76 18,419,740.17 4.77 358 44.01 9.743 529 74.41
540- 559 91 25,799,497.31 6.69 355 42.67 8.969 551 78.99
560- 579 85 28,705,417.65 7.44 358 41.19 8.334 569 79.27
580- 599 79 30,751,869.52 7.97 359 39.87 8.167 589 80.40
600- 619 95 38,308,378.62 9.93 359 40.19 7.706 608 80.54
620- 639 131 45,978,858.97 11.92 358 40.79 7.766 629 84.02
640- 659 161 57,717,845.59 14.96 358 39.07 7.312 649 82.99
660- 679 140 51,901,702.82 13.45 357 42.47 6.812 669 82.35
680- 699 65 24,766,728.02 6.42 350 41.59 6.648 689 79.96
700- 719 53 17,690,516.30 4.58 351 41.52 6.527 709 78.24
720- 739 43 15,455,601.70 4.01 350 42.10 6.413 728 75.03
740- 759 26 10,591,809.55 2.74 359 41.60 6.283 749 78.38
760- 779 8 2,846,974.23 0.74 358 31.12 6.372 769 74.78
780- 799 9 4,029,530.20 1.04 328 44.02 6.083 786 67.15
800- 819 3 948,055.04 0.25 358 30.03 5.907 805 82.88
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
DEBT-TO-INCOME RATIO
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RANGE OF DEBT-TO- MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
INCOME RATIOS (%) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
<=20.00 65 $ 20,259,728.90 5.25% 354 13.14% 7.597% 637 78.87%
20.01 - 25.00 38 12,546,185.69 3.25 352 22.85 7.807 630 75.62
25.01 - 30.00 85 27,688,694.77 7.18 356 28.35 7.632 624 80.27
30.01 - 35.00 112 32,269,385.61 8.36 355 33.10 7.690 634 79.47
35.01 - 40.00 156 51,746,383.36 13.41 357 38.09 7.436 633 81.70
40.01 - 45.00 218 75,323,187.80 19.52 358 43.34 7.514 634 79.99
45.01 - 50.00 349 128,506,399.76 33.30 356 48.21 7.565 640 81.35
50.01 - 55.00 101 37,530,654.70 9.73 355 53.04 8.254 600 77.02
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
STATE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
California 345 $150,287,458.59 38.95% 358 41.82% 7.321% 638 80.33%
New York 92 36,816,780.48 9.54 358 43.08 7.664 636 76.66
Florida 80 25,921,300.87 6.72 355 38.91 7.570 636 82.51
New Jersey 74 25,883,925.88 6.71 355 41.56 8.344 621 80.80
Massachusetts 59 22,356,483.80 5.79 357 40.84 6.398 639 83.70
Maryland 38 15,231,605.29 3.95 358 38.83 7.486 628 83.42
Texas 74 10,817,403.60 2.80 349 39.26 8.963 605 74.44
Georgia 41 8,387,526.90 2.17 355 38.67 8.679 609 80.16
Illinois 22 8,016,352.86 2.08 359 37.63 8.684 608 79.36
Nevada 18 6,859,890.96 1.78 359 44.53 7.184 625 82.37
Washington 17 6,381,537.18 1.65 359 37.01 7.371 621 83.41
Arizona 21 6,354,525.23 1.65 353 42.59 8.173 601 81.39
Pennsylvania 20 5,676,732.76 1.47 348 45.02 8.038 625 79.19
Wisconsin 15 5,552,656.47 1.44 359 38.16 8.240 632 79.82
Rhode Island 10 4,389,548.61 1.14 359 35.01 6.935 642 77.67
Tennessee 20 4,324,349.63 1.12 348 38.45 8.025 617 81.27
North Carolina 20 4,277,680.23 1.11 356 44.64 8.759 634 80.73
Michigan 17 3,806,263.86 0.99 359 43.11 8.239 631 81.50
Colorado 10 3,704,282.80 0.96 359 29.63 7.653 642 83.41
Minnesota 15 3,688,506.32 0.96 357 45.43 7.161 672 82.66
Other 116 27,135,808.27 7.03 347 39.98 8.276 628 76.67
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
OCCUPANCY STATUS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
OCCUPANCY STATUS* LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 1,078 $376,263,593.83 97.51% 356 41.06% 7.587% 632 80.12%
Non-owner Occupied 36 6,843,220.27 1.77 359 37.58 9.560 627 80.54
Second Home 10 2,763,806.49 0.72 359 43.60 8.593 631 84.22
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
*Based on mortgagor representation at origination.
DOCUMENTATION TYPE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
INCOME DOCUMENTATION LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Full Docs 775 $279,657,885.16 72.47% 356 40.69% 7.313% 639 80.30%
Stated Docs 199 56,021,280.26 14.52 358 43.42 8.920 613 77.33
Limited Docs 150 50,191,455.17 13.01 358 40.17 7.950 615 82.54
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
LOAN PURPOSE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
PURPOSE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
**REFI-CASH OUT 1,037 $361,933,213.23 93.80% 357 41.10% 7.622% 632 80.32%
***REFI-NO CASH OUT 49 14,397,748.28 3.73 343 41.31 8.020 617 74.63
PURCHASE 38 9,539,659.08 2.47 359 37.57 7.336 650 82.31
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
** 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
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
RISK CATEGORY LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
8A 110 $ 41,278,673.72 10.70% 351 41.31% 6.346% 740 75.94%
7A 90 32,831,826.15 8.51 350 40.97 6.476 693 79.11
6A 132 49,214,123.95 12.75 356 42.52 6.766 669 82.25
5A 147 52,821,830.40 13.69 358 38.67 7.168 650 83.20
4A 110 38,706,132.78 10.03 359 40.72 7.687 631 84.86
3A 79 30,929,440.73 8.02 359 39.99 7.694 613 80.87
2A 179 68,378,528.52 17.72 357 40.69 7.880 585 81.38
A 49 17,639,530.38 4.57 358 40.47 8.873 593 80.84
B 99 25,542,449.57 6.62 358 44.81 9.558 544 77.60
C 110 26,076,142.26 6.76 357 41.65 9.868 544 70.71
D 19 2,451,942.13 0.64 359 41.95 10.369 548 62.67
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
PROPERTY TYPE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
PROPERTY TYPE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Single Family 947 $329,674,882.79 85.44% 356 41.22% 7.591% 633 80.46%
PUD 70 27,263,430.23 7.07 358 38.59 7.598 626 78.58
Condominiums 42 14,122,850.42 3.66 358 40.18 7.650 622 79.93
2-4 Family 29 10,464,299.83 2.71 359 41.85 8.298 645 78.38
Manufactured/Mobile Home 33 3,572,237.34 0.93 334 40.82 8.886 632 70.86
Single Family - attached 3 772,919.98 0.20 360 47.34 9.772 576 78.41
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CHARGE TERM
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
PREPAYMENT CHARGE NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
TERM AT MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
ORIGINATION (MOS.) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
0 523 $166,120,340.92 43.05% 357 40.91% 8.136% 622 80.33%
12 35 13,607,716.80 3.53 355 39.99 6.664 677 70.93
24 7 3,038,788.85 0.79 359 37.13 7.426 621 82.46
30 6 2,657,359.79 0.69 359 45.29 7.658 645 77.11
36 553 200,446,414.23 51.95 356 41.18 7.278 637 80.65
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
CONFORMING BALANCE
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
CONFORMING MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
BALANCE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
Conforming Balance 395 $ 50,838,254.78 13.17% 348 38.85% 8.759% 625 77.41%
Non-Conforming Balance 729 335,032,365.81 86.83 358 41.35 7.458 633 80.58
====================================================================================================================================
TOTAL: 1,124 $385,870,620.59 100.00% 356 41.02% 7.629% 632 80.16%
------------------------------------------------------------------------------------------------------------------------------------
MAXIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RANGE OF MAXIMUM MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
MORTGAGE RATES (%) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
11.500 -11.999 41 $ 18,045,064.51 5.85% 356 42.67% 5.815% 689 81.68%
12.000 -12.499 66 29,079,415.73 9.43 359 39.47 6.271 665 84.11
12.500 -12.999 164 66,906,539.11 21.69 359 40.18 6.771 643 84.08
13.000 -13.499 92 35,698,015.83 11.57 360 40.49 7.251 620 81.01
13.500 -13.999 123 51,380,854.28 16.66 359 42.17 7.750 608 81.44
14.000 -14.499 53 21,637,549.19 7.02 359 41.94 8.222 601 81.94
14.500 -14.999 75 31,892,584.27 10.34 359 41.42 8.765 585 80.33
15.000 -15.499 31 12,090,828.30 3.92 357 40.07 9.305 577 80.72
15.500 -15.999 29 12,320,079.91 3.99 359 42.06 9.769 584 79.51
16.000 -16.499 11 4,673,205.82 1.52 359 45.74 10.228 582 78.55
16.500 -16.999 15 5,149,739.17 1.67 359 44.44 10.742 576 80.91
17.000 -17.499 20 2,883,205.72 0.93 359 37.69 11.327 573 76.01
17.500 -17.999 88 9,533,876.40 3.09 359 40.75 11.756 558 74.55
18.000 -18.499 24 4,893,677.92 1.59 359 41.93 12.277 562 78.94
18.500 -18.999 10 1,922,805.03 0.62 359 41.93 12.586 535 78.27
19.000 -19.499 1 59,960.66 0.02 357 35.00 13.250 596 80.00
19.500 -19.999 1 254,724.16 0.08 359 51.00 13.600 547 73.85
====================================================================================================================================
TOTAL: 844 $308,422,126.01 100.00% 359 41.15% 7.860% 618 81.66%
------------------------------------------------------------------------------------------------------------------------------------
MINIMUM MORTGAGE RATES OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RANGE OF MINIMUM MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
MORTGAGE RATES (%) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
5.500 - 5.999 41 $ 18,045,064.51 5.85% 356 42.67% 5.815% 689 81.68%
6.000 - 6.499 66 29,079,415.73 9.43 359 39.47 6.271 665 84.11
6.500 - 6.999 164 66,906,539.11 21.69 359 40.18 6.771 643 84.08
7.000 - 7.499 92 35,698,015.83 11.57 360 40.49 7.251 620 81.01
7.500 - 7.999 123 51,380,854.28 16.66 359 42.17 7.750 608 81.44
8.000 - 8.499 53 21,637,549.19 7.02 359 41.94 8.222 601 81.94
8.500 - 8.999 75 31,892,584.27 10.34 359 41.42 8.765 585 80.33
9.000 - 9.499 31 12,090,828.30 3.92 357 40.07 9.305 577 80.72
9.500 - 9.999 29 12,320,079.91 3.99 359 42.06 9.769 584 79.51
10.000 -10.499 11 4,673,205.82 1.52 359 45.74 10.228 582 78.55
10.500 -10.999 15 5,149,739.17 1.67 359 44.44 10.742 576 80.91
11.000 -11.499 20 2,883,205.72 0.93 359 37.69 11.327 573 76.01
11.500 -11.999 88 9,533,876.40 3.09 359 40.75 11.756 558 74.55
12.000 -12.499 24 4,893,677.92 1.59 359 41.93 12.277 562 78.94
12.500 -12.999 10 1,922,805.03 0.62 359 41.93 12.586 535 78.27
13.000 -13.499 1 59,960.66 0.02 357 35.00 13.250 596 80.00
13.500 -13.999 1 254,724.16 0.08 359 51.00 13.600 547 73.85
====================================================================================================================================
TOTAL: 844 $308,422,126.01 100.00% 359 41.15% 7.860% 618 81.66%
------------------------------------------------------------------------------------------------------------------------------------
GROSS MARGINS OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
RANGE OF GROSS MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
MARGINS (%) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2.750 - 2.999 9 $ 4,473,250.00 1.45% 360 45.29% 5.808% 719 79.25%
3.000 - 3.249 2 892,999.00 0.29 360 43.36 7.258 660 79.80
3.250 - 3.499 7 2,897,853.28 0.94 360 46.95 6.246 625 87.83
3.500 - 3.749 11 4,584,760.03 1.49 360 38.17 6.467 631 84.81
3.750 - 3.999 14 5,488,573.75 1.78 359 42.05 6.614 614 85.79
4.000 - 4.249 7 2,929,881.87 0.95 358 41.35 6.481 657 85.51
4.250 - 4.499 19 7,564,384.64 2.45 359 38.11 8.722 605 79.79
4.500 - 4.749 3 1,427,288.41 0.46 360 46.21 7.240 717 89.23
4.750 - 4.999 29 12,127,552.77 3.93 359 42.00 6.782 729 82.48
5.000 - 5.249 40 16,480,431.97 5.34 359 39.14 6.642 684 86.12
5.250 - 5.499 89 35,298,796.69 11.44 358 42.69 6.863 667 84.02
5.500 - 5.749 95 37,384,878.99 12.12 359 38.84 7.431 648 85.65
5.750 - 5.999 106 41,121,559.99 13.33 359 41.40 7.735 622 84.09
6.000 - 6.249 180 74,265,455.69 24.08 359 40.51 7.925 589 80.73
6.250 - 6.499 42 15,644,472.90 5.07 359 40.23 8.998 588 80.33
6.500 - 6.749 86 23,426,893.15 7.60 358 43.59 9.728 540 77.06
6.750 - 6.999 105 22,413,092.88 7.27 358 42.70 10.045 540 69.67
====================================================================================================================================
TOTAL: 844 $308,422,126.01 100.00% 359 41.15% 7.860% 618 81.66%
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NEXT RATE ADJUSTMENT DATE OF THE ADJUSTABLE-RATE LOANS
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% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
NEXT RATE MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
ADJUSTMENT DATE LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2006-12 6 $ 1,681,417.80 0.55% 355 48.62% 9.803% 532 79.33%
2007-01 5 1,328,588.15 0.43 356 45.79 8.928 602 79.90
2007-02 62 22,522,713.27 7.30 357 41.07 7.711 617 80.10
2007-03 78 25,787,004.96 8.36 355 42.98 8.291 610 82.86
2007-04 253 90,592,797.01 29.37 359 40.57 7.984 609 81.72
2007-05 221 89,037,157.73 28.87 360 42.14 7.882 620 81.07
2007-06 124 42,972,981.00 13.93 360 38.75 7.905 619 81.62
2007-07 3 1,541,000.00 0.50 360 47.63 7.782 635 83.83
2008-03 7 2,369,690.10 0.77 358 49.43 6.969 623 83.49
2008-04 27 11,543,557.60 3.74 359 38.86 6.964 640 83.43
2008-05 34 13,200,038.39 4.28 359 42.57 6.998 657 82.45
2008-06 24 5,845,180.00 1.90 360 37.84 7.215 641 85.19
====================================================================================================================================
TOTAL: 844 $308,422,126.01 100.00% 359 41.15% 7.860% 618 81.66%
------------------------------------------------------------------------------------------------------------------------------------
INITIAL PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO- MORTGAGE
INITIAL PERIODIC MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
RATE CAP (%) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
2.000 844 $308,422,126.01 100.00% 359 41.15% 7.860% 618 81.66%
====================================================================================================================================
TOTAL: 844 $308,422,126.01 100.00% 359 41.15% 7.860% 618 81.66%
------------------------------------------------------------------------------------------------------------------------------------
SUBSEQUENT PERIODIC CAP OF THE ADJUSTABLE-RATE LOANS
------------------------------------------------------------------------------------------------------------------------------------
% OF
PRINCIPAL
PRINCIPAL BALANCE REMAINING
NUMBER OF BALANCE AS OF THE TERM TO DEBT-TO MORTGAGE
SUBSEQUENT PERIODIC MORTGAGE AS OF THE CUT-OFF MATURITY INCOME RATES
RATE CAP (%) LOANS CUT-OFF DATE DATE (MONTHS) (%) (%) FICO OLTV (%)
------------------------------------------------------------------------------------------------------------------------------------
1.000 844 $308,422,126.01 100.00% 359 41.15% 7.860% 618 81.66%
====================================================================================================================================
TOTAL: 844 $308,422,126.01 100.00% 359 41.15% 7.860% 618 81.66%
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