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FREMONT HOME LOAN OWNER TRUST 1999-2
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PAINEWEBBER INCORPORATED
PRELIMINARY BACKGROUND INFORMATION
FREMONT HOME LOAN OWNER TRUST 1999-2
DISCLAIMER
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The information included herein is produced and provided exclusively by
PaineWebber Incorporated ("PW") as one of the underwriters for the Fremont
Home Loan Owner Trust 1999-2, Home Loan Asset-Backed Notes, Series 1999-2,
and not by or as agent for Fremont Investment & Loan or any of its affiliates
(collectively, the "Transferor" and "Master Servicer") or for PaineWebber
Mortgage Acceptance Corporation IV (the "Depositor"). Neither the Depositor
nor the Transferor has prepared, reviewed or participated in the preparation
hereof, nor are they responsible for the accuracy hereof and they have not
authorized the dissemination hereof. The analysis in this report is accurate
to the best of PW's knowledge and is based on information provided by the
Transferor. PW makes no representations as to the accuracy of such
information provided by the Transferor. The information herein is
preliminary, and will be superseded in its entirety by the applicable
prospectus supplement and prospectus and by any other information
subsequently filed with the Securities and Exchange Commission.
All opinions and conclusions in this report reflect PW's judgment as of this
date and are subject to change. All analyses are based on certain
assumptions noted herein and different assumptions could yield substantially
different results. You are cautioned that there is no universally accepted
method for analyzing financial instruments. You should review the
assumptions; there may be differences between these assumptions and your
actual business practices. Further, PW does not guarantee any results and
there is no guarantee as to the liquidity of the instruments involved in this
analysis. The decision to adopt any strategy remains your responsibility.
PW (or any of its affiliates) or their officers, directors, analysts or
employees may have positions in securities, commodities or derivative
instruments thereon referred to herein, and may, as principal or agent, buy
or sell such securities, commodities or derivative instruments. In addition,
PW may make a market in the securities referred to herein. Neither the
information nor the opinions expressed shall be construed to be, or
constitute, an offer to sell or buy or a solicitation of an offer to sell or
buy any securities, commodities or derivative instruments mentioned herein.
Finally, PW has not addressed the legal, accounting and tax implications of
the analysis with respect to you and PW strongly urges you to seek advice
from your counsel, accountant and tax advisor.
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THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED FINANCIAL ADVISOR
IMMEDIATELY.
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PAINEWEBBER
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FREMONT HOME LOAN OWNER TRUST 1999-2
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THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT
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$500,000,000 (APPROXIMATE) OFFERING AMOUNT
FSA BOND INSURED
BOND SUMMARY*
================== =============== ================ =========== ============ ============ ============ =================
Last Principal Expected
Approximate WAL Principal Window Maturity Ratings
Class Size Coupon (Years) Payment (Years) Date (Xxxxx'x/S&P)
------------------ --------------- ---------------- ----------- ------------ ------------ ------------ -----------------
A-1 $79,679,885 Fixed 3.15 11/06 7.42 6/25/30 Aaa/AAA
A-2 $347,136,218 Floater 2.69 11/06 7.42 6/25/30 Aaa/AAA
A-3 $73,183,897 Floater 2.69 11/06 7.42 6/25/30 Aaa/AAA
================== =============== ================ =========== ============ ============ ============ =================
*At a pricing scenario of 4% CPR increasing to 24% CPR over 12 months for the
fixed rate collateral and 27% CPR for the adjustable rate collateral and to
the Optional Redemption.
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
(complete collateral tables on pages 13-32)
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POOL 1 POOL 2 POOL 3
--------------------------------------------------------------------------------
Number of Loans: 845 2,421 183
Current Balance: $70,707,966 $243,255,086 $54,478,825
Average Balance: $83,678 $100,477 $297,698
Minimum Balance: $14,816 $14,950 $240,909
Maximum Balance: $49,714 $302,921 $499,697
Wtd Average Coupon: 10.1516% 10.0286% 9.4874%
Wtd Average Original Term (months): 335 360 360
Wtd Average Seasoning (months): 4 2 2
Wtd Average Original Loan-To-Value: 74.86% 77.76% 79.24%
Amortization Type:
ARM loans (% of Statistical Pool - 100% 100%
Principal Balance)
Fixed loans (% of Statistical Pool 100% - -
Principal Balance)
ARM Summary Information:
Wtd Avg Initial Periodic Rate Cap: - 2.83% 2.80%
Wtd Avg Subsequent Periodic Rate Cap: - 1.45% 1.44%
Wtd Avg Margin: - 6.29% 6.19%
Wtd Avg Life Cap: - 16.95% 16.35%
Wtd Avg Months to Roll: - 27.19 27.11
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THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PAINEWEBBER INCORPORATED FINANCIAL ADVISOR
IMMEDIATELY.
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PAINEWEBBER
BOND SENSITIVITY TO PREPAYMENTS
PREPAYMENT SCENARIOS
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S-1 S-2 S-3 S-4 S-5 S-6
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Class A-1* 0% 50% 75% 100% 125% 150%
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Class A-2** 0% 15% 20% 27% 35% 45%
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Class A-3** 0% 15% 20% 27% 35% 45%
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* As a percentage of the Prepayment Assumption (4% CPR increasing to 24% CPR
over 12 months)
** CPR
TO OPTIONAL REDEMPTION:
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Class A-1 S-1 S-2 S-3 S-4 S-5 S-6
--------------------------------------------------------------------
AVERAGE LIFE 16.67 6.00 4.21 3.15 2.47 1.99
YIELD @ 100.00 7.34% 7.28% 7.24% 7.20% 7.16% 7.11%
DURATION 8.79 4.27 3.26 2.59 2.11 1.74
FIRST PAY 07/99 07/99 07/99 07/99 07/99 07/99
LAST PAY 09/27 04/13 08/09 11/06 12/04 07/03
WINDOW (YEARS) 28.25 13.83 10.17 7.42 5.50 4.08
--------------------------------------------------------------------
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Class A-2 S-1 S-2 S-3 S-4 S-5 S-6
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AVERAGE LIFE 20.82 5.00 3.71 2.69 2.00 1.47
FIRST PAY 07/99 07/99 07/99 07/99 07/99 07/99
LAST PAY 03/28 04/13 08/09 11/06 12/04 07/03
WINDOW (YEARS) 28.75 13.83 10.17 7.42 5.50 4.08
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Class A-3 S-1 S-2 S-3 S-4 S-5 S-6
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AVERAGE LIFE 20.75 5.00 3.71 2.69 2.00 1.47
FIRST PAY 07/99 07/99 07/99 07/99 07/99 07/99
LAST PAY 03/28 04/13 08/09 11/06 12/04 07/03
WINDOW (YEARS) 28.75 13.83 10.17 7.42 5.50 4.08
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BOND SENSITIVITY TO PREPAYMENTS (continued)
TO MATURITY:
--------------------------------------------------------------------
Class A-1 S-1 S-2 S-3 S-4 S-5 S-6
--------------------------------------------------------------------
AVERAGE LIFE 16.67 6.43 4.60 3.51 2.80 2.31
YIELD @ 100.00 7.34% 7.30% 7.27% 7.25 7.22% 7.20%
DURATION 8.79 4.40 3.42 2.76 2.30 1.96
FIRST PAY 07/99 07/99 07/99 07/99 07/99 07/99
LAST PAY 09/27 11/24 11/20 06/16 10/13 03/11
WINDOW (YEARS) 28.25 25.42 21.42 17.00 14.33 11.75
--------------------------------------------------------------------
--------------------------------------------------------------------
Class A-2 S-1 S-2 S-3 S-4 S-5 S-6
--------------------------------------------------------------------
AVERAGE LIFE 20.88 5.36 4.02 2.91 2.16 1.58
FIRST PAY 07/99 07/99 07/99 07/99 07/99 07/99
LAST PAY 05/29 09/25 02/21 09/15 07/11 04/08
WINDOW (YEARS) 29.92 26.25 21.67 16.25 12.08 8.83
--------------------------------------------------------------------
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Class A-3 S-1 S-2 S-3 S-4 S-5 S-6
--------------------------------------------------------------------
AVERAGE LIFE 20.81 5.35 4.02 2.91 2.16 1.58
FIRST PAY 07/99 07/99 07/99 07/99 07/99 07/99
LAST PAY 05/29 08/25 02/21 09/15 07/11 04/08
WINDOW (YEARS) 29.92 26.17 21.67 16.25 12.08 8.83
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PRICING INFORMATION
PRICING SPEEDS: 4% CPR, increasing to 24% CPR over 12 months
(Fixed Rate Collateral)
27% CPR (Adjustable Rate Collateral)
PAYMENT DATE: The 25th day of each month (or the next Business
Day thereafter) commencing in July of 1999.
INTEREST ACCRUAL PERIOD: For the Class A-1 Notes, the calendar month
immediately preceding the month in which the
relevant payment date occurs. For the Class A-2
and Class A-3 Notes, the period beginning on the
prior payment date (or on the Closing Date in the
case of the first payment date) and ending on the
day prior to the relevant payment date.
PAYMENT DELAY: 24 days for the Class A-1 Notes
0 days on the Class A-2 Notes and Class A-3 Notes
SETTLEMENT (CLOSING) DATE: On or about June 24, 1999
CUT-OFF DATE: June 1, 1999 (close of business)
MATURITY DATE: The Maturity Date for the Class A-1 Notes is July
25, 2030, although it is anticipated that the
actual maturity date for the Class A-1 Notes will
occur significantly earlier than the Maturity
Date.
The Maturity Date for the Class A-2 Notes is July
25, 2030, although it is anticipated that the
actual maturity date for the Class A-2 Notes will
occur significantly earlier than the Maturity
Date.
The Maturity Date for the Class A-3 Notes is July
25, 2030, although it is anticipated that the
actual maturity date for the Class A-3 Notes will
occur significantly earlier than the Maturity
Date.
OPTIONAL REDEMPTION DATE: The Optional Redemption Date is the first Payment
Date on which the aggregate Loan Balance of the
Home Equity Loans has declined to less than 10% of
the aggregate Loan Balance of the Home Equity
Loans as of the Cut-Off Date.
REDEMPTION PRICE: The Redemption Price will be an amount that will
at least pay in full accrued interest and
principal on the Notes and certain other expenses.
PRICING INFORMATION (continued)
OPTIONAL REDEMPTION: The holders of Residual Interests exceeding in the
aggregate a 50% interest may, at their option
effect an early redemption of the Notes and
terminate the Trust on any Payment Date on or
after the Optional Redemption Date by purchasing
all of the Home Equity Loans at a price equal to
or greater than the Redemption Price. In addition,
the Note Insurer will have rights under limited
circumstances, to purchase the Home Equity Loans
and thereby effect a redemption of the Notes.
INITIAL TURBO: With respect to each class of Notes, 100% of the
excess cash flow from the related Pool of Home
Equity Loans will be used to accelerate such class
of Notes until the overcollateralization target
for such Class is reached. To the extent
necessary, after the overcollateralization target
with respect to each Class of Notes is reached,
100% of the excess cash flow from the related Pool
of Home Equity Loans will be available to
accelerate such Class of Notes to maintain the
then current overcollateralization target for such
Class. Any remaining excess cash flow may be used
to cover shortfalls incurred by the other Classes
of Notes due to delinquencies and losses that
occur in the other Pools. Excess cash flow may,
under certain circumstances, be deposited in the
Reserve Account (defined below).
SERVICING/OTHER FEES: The collateral is subject to certain fees,
including a servicing fee of 0.50% per annum
payable monthly, Note Insurer fees, and Indenture
Trustee fees.
ADVANCING: The Master Servicer is required to advance any
delinquent payment of interest and principal to
the extent such amounts are deemed to be
recoverable (the "Delinquency Advances"). The
Servicer is required to advance reasonable and
customary expense advances with respect to the
loans (for items such as taxes and insurance) to
the extent such advances are deemed to be
recoverable ("Servicer Advances").
DESCRIPTION OF SECURITIES
TITLE OF SECURITIES: Fremont Home Loan Owner Trust 1999-2, Home Loan
Asset-Backed Notes, Series 1999-2.
OFFERING AMOUNT: Approximately $500,000,000
CERTIFICATES: Residual Interest (not offered)
LEAD UNDERWRITER: PaineWebber Incorporated
CO-UNDERWRITERS: Banc One Capital Markets, Inc.
Chase Securities Inc.
Credit Suisse First Boston
First Union Capital Markets
TRANSFEROR/MASTER SERVICER: Fremont Investment & Loan (a Fremont General
Company) Headquartered in Anaheim, CA
DEPOSITOR: PaineWebber Mortgage Acceptance Corporation IV
SERVICER: Fairbanks Capital Corp.
OWNER TRUSTEE: Wilmington Trust Company
INDENTURE TRUSTEE: First Union National Bank
STATISTICAL CALCULATION DATE: The collateral described herein and in the
prospectus supplement represents the pool of Home
Equity Loans as of the Statistical Calculation
Date of May 25, 1999. It is anticipated that the
total unpaid principal balance of the collateral
pool conveyed to the Trust at closing will be
approximately $500,000,000.
HOME EQUITY LOANS: - First lien, fixed and adjustable rate mortgage
loans.
- 1-4 Family residential properties, condominium
units, and manufactured homes.
- A substantial percentage of the loans do not
conform to FNMA or FHLMC underwriting standards or
to those standards typically applied by banks or
other lending institutions, particularly with
regard to a borrower's credit history.
- Approximately 87.24% (by Statistical Calculation
Date aggregate principal balance) of the Home
Equity Loans bear prepayment premiums.
DESCRIPTION OF SECURITIES (continued)
HOME EQUITY LOANS: The Trust is comprised primarily of three pools of
mortgage loans. The first pool of loans ("Pool 1
Loans") will back the Class A-1 Notes, in that
payments on the Pool 1 Loans will generally be
used to make payments on the Class A-1 Notes.
Similarly, the second pool of loans ("Pool 2
Loans") will back the Class A-2 Notes and the
third pool of loans ("Pool 3 Loans") will back the
Class A-3 Notes.
POOL 1 LOANS: The Pool 1 Loans have an aggregate
principal balance of $70,707,966 as of the
Statistical Calculation Date. All of the Pool 1
Loans, by Statistical Calculation Date aggregate
principal balance, will bear interest at a fixed
rate for the term of the loan. It is anticipated
that the Cut-off Date aggregate principal balance
of the Pool 1 Loans conveyed to the Trust at
closing will be approximately $79,679,885.
POOL 2 LOANS: The Pool 2 Loans have an aggregate
principal balance of $243,255,086 as of the
Statistical Calculation Date. All of the Pool 2
Loans are adjustable rate Loans that, after a
period of six months, two years, three years, or
five years following the date of origination,
adjust semi-annually based upon six-month LIBOR.
The original principal balance of each Pool 2 Loan
will not exceed the maximum loan amounts shown in
the table below. It is anticipated that the
Cut-off Date aggregate principal balance of the
Pool 2 Loans conveyed to the Trust at closing will
be approximately $347,136,218.
Maximum Loan Balances of Pool 2 Loans
----------------------------------------------------------------------------
Number of Units Maximum Loan Amount of First Mortgage
Continental United States Alaska or Hawaii
-------------------------------------------------------
1 $240,000 $360,000
2 $307,100 $460,650
3 $371,200 $556,800
4 $461,350 $692,025
----------------------------------------------------------------------------
POOL 3 LOANS: The Pool 3 Loans have an aggregate
principal balance of $54,478,825 as of the
Statistical Calculation Date. All of the Pool 3
Loans are adjustable rate Loans that, after a
period of six months, two years, three years, or
five years following the date of origination,
adjust semi-annually based upon six-month LIBOR.
The original principal balance of each Pool 3 Loan
will exceed the maximum loan amounts shown in the
table above. It is anticipated that the Cut-off
Date aggregate principal balance of the Pool 3
Loans conveyed to the Trust at closing will be
approximately $73,183,897.
DESCRIPTION OF SECURITIES (continued)
CREDIT ENHANCEMENT: Credit enhancement for each class of Notes will be
provided by the following:
EXCESS SPREAD: The weighted average coupon rate on
the Loans in each Pool is generally expected to be
higher than the sum of the servicing fee, the
trustee fee, the premium payable to the Note
Insurer, and the pass through rate on each class
of Notes, thus generating excess interest
collections which, along with prepayment premiums
collected on the Loans, will be available to fund
payments on the related class of Notes on each
Payment Date. Under certain circumstances, Excess
Spread from one loan Pool may be used to cover
shortfalls due to delinquencies or losses in other
loan Pools.
OVERCOLLATERALIZATION: Excess cash flow will be
applied, to the extent available, to make
accelerated payments of principal on the Notes;
such application will cause the aggregate
principal balance of the Notes to amortize more
rapidly than the Loans, resulting in
overcollateralization. Prior to the
Overcollateralization Stepdown Date, the
Overcollateralization Amount for the Class A-1,
Class A-2 and Class A-3 Notes is expected to build
to (i) [3.75]% of the Cut-off Date loan pool
principal balance of Pool 1, (ii) [4.50%] of the
Cut-off Date loan pool principal balance of Pool
2, and (iii) [4.50%] of the Cut-off Date loan pool
principal balance of Pool 3, respectively.
On or after the Overcollateralization Stepdown
Date, the Overcollateralization Amount for the
Class A-1, Class A-2, and Class A-3 Notes will be
permitted to decrease to (i) [7.50%] of the then
outstanding aggregate unpaid principal balance of
the Pool 1 Loans, (ii) [9.00%] of the then
outstanding aggregate unpaid principal balance of
the Pool 2 Loans, and (iii) [9.00%] of the then
outstanding aggregate unpaid principal balance of
the Pool 3 Loans, respectively, subject, in each
such case, to a floor of [0.50%] of the original
principal balance of each Pool of Loans (each such
percentage then in effect, the "O/C Target"). The
Overcollateralization Stepdown Date will be no
earlier than the 25th month following the Closing
Date and is subject to certain delinquency and
loan loss tests.
RESERVE ACCOUNT: Amounts required to be deposited
in the Reserve Account will be equal to the excess
of (i) the sum of the specified
overcollateralization targets for all classes of
Notes and (ii) the sum of the
overcollateralization amounts for all classes of
Notes.
DESCRIPTION OF SECURITIES (continued)
CREDIT ENHANCEMENT
(continued): FINANCIAL GUARANTY INSURANCE POLICY: A financial
guaranty policy issued by Financial Security
Assurance, Inc. ("the Note Insurer"). FSA will
unconditionally and irrevocably guarantee the
timely payment of interest and ultimate payment of
principal on the Notes (i.e. after any losses
reduce the overcollateralization to zero, FSA will
cover the excess, if any, of the Note principal
balance over the Pool balance). The Insured
Payments do not cover Realized Losses except to
the extent that the principal balance of the Notes
exceeds the Pool Principal Balance. Insured
Payments do not cover the Master Servicer's
failure to make Delinquency Advances except to the
extent that a shortfall of interest due on the
Notes would otherwise result therefrom. The FSA
Insurance Policy is not cancelable for any reason.
THE FSA INSURANCE POLICY IS NOT COVERED BY THE
PROPERTY/CASUALTY INSURANCE SECURITY FUND
SPECIFIED IN ARTICLE 76 OF THE NEW YORK INSURANCE
LAW.
NOTE RATE: CLASS A-1 NOTES: The Class A-1 Notes will bear
interest at a fixed rate of interest equal to [ %]
per annum. The interest rate on the Class A-1
notes will increase by 0.50% commencing on the
first day of the Accrual Period in which the
Optional Redemption Date occurs.
CLASS A-2 NOTES: The Class A-2 Note Rate will be
equal to the lesser of (x) the applicable Formula
Note Rate and (y) the Available Funds Cap.
CLASS A-3 NOTES: The Class A-3 Note Rate will be
equal to the lesser of (x) the applicable Formula
Note Rate and (y) the Available Funds Cap.
FORMULA NOTE RATE: The Formula Note Rate for the Class A-2 Notes for
any Payment Date will equal the lesser of (x) (i)
with respect to any Payment Date which occurs on
or prior to the Optional Redemption Date,
one-month LIBOR plus [ %] per annum, or (ii) with
respect to any Payment Date that occurs after the
Optional Redemption Date, one-month LIBOR plus [
%] per annum and (y) [13.00%] per annum.
The Formula Note Rate for the Class A-3 Notes for
any Payment Date will equal the lesser of (x) (i)
with respect to any Payment Date which occurs on
or prior to the Optional Redemption Date,
one-month LIBOR plus [ %] per annum, or (ii) with
respect to any Payment Date that occurs after the
Optional Redemption Date, one-month LIBOR plus [
%] per annum and (y) [13.00%] per annum.
DESCRIPTION OF SECURITIES (continued)
AVAILABLE FUNDS CAP: The Available Funds Cap for the Class A-2 and
Class A-3 Notes will equal the annualized rate
equal to (i) the interest due on the related Pool
less such Pool's share of the servicing fee,
Master Servicing fee, the Indenture Trustee fee
and the premium payable to the Note Insurer, such
amount divided by the principal balance of the
applicable class of Notes. For any Payment Date on
or after July 2000, the Available Funds Cap for
the Class A-2 and Class A-3 Notes will be further
reduced by 0.50%.
AVAILABLE FUNDS CAP
CARRY FORWARD AMOUNT: If, on any Payment Date, the Available Funds Cap
limits the Class A-2 or Class A-3 Note Rates
(i.e., the rate set by the Available Funds Cap is
less than the Formula Note Rate for the Class A-2
or Class A-3 Notes), the amount of any such
shortfall will be carried forward and be due and
payable on future Payment Dates and shall accrue
interest at the applicable Formula Note Rate,
until paid (such shortfall, together with such
accrued interest, the "Available Funds Cap Carry
Forward Amount").
The Insurance Policy for the Notes does not cover
the Available Funds Cap Carry Forward Amount; the
payment of such amount may be funded only from
excess cash flow remaining after (i) the payment
of interest and principal due on the Notes for
such Payment Date, if any (ii) reimbursement of
the Note Insurer, (iii) payment of accelerated
principal on the Notes to achieve the required O/C
Targets for such Payment Date and for required
deposits into the Reserve Account.
FEDERAL TAX ASPECTS: The trust will be an Owner Trust. No election will
be made to treat the Trust Estate or any portion
thereof as a REMIC for federal income tax
purposes. The Notes will be treated as
non-recourse debt obligations of the trust.
ERISA CONSIDERATIONS: Subject to the discussion in the Prospectus
Supplement and Prospectus, the Notes may be
purchased by employee benefit plans that are
subject to ERISA.
SMMEA ELIGIBILITY: The Notes will NOT constitute "mortgage-related
securities" for purposes of SMMEA.
FORM OF OFFERING: Book-Entry form, same-day funds through DTC,
Euroclear, and CEDEL.
DENOMINATIONS: Minimum denominations of $25,000 and multiples of
$1,000 thereafter.
DESCRIPTION OF THE SERVICER
o Fairbanks Capital Corp. ("Fairbanks"), a Utah corporation, was formed on
February 24, 1989.
o Financial Security Assurance, Inc. owns a 25% share of Fairbanks Capital
Holding Corporation.
o Fairbanks commenced mortgage servicing operations in 1989 for its own
account and since 1994 has managed and serviced third-party mortgage loan
portfolios. Prior to 1998, Fairbanks primarily serviced portfolios of
non-performing or delinquent residential mortgage loans.
o Fairbanks is a FNMA approved seller/servicer and a FHLMC approved servicer
that is engaged in the servicing of first and second lien mortgage loans.
o Fairbanks is currently servicing over 20,000 loans.
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 1
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
State California 170 20,705,378 29.28
Florida 136 9,189,722 13.00
New York 60 6,117,642 8.65
Illinois 39 3,651,522 5.16
Washington 24 2,657,116 3.76
Ohio 46 2,589,098 3.66
Oregon 17 2,017,668 2.85
Georgia 26 1,986,215 2.81
New Jersey 20 1,832,151 2.59
Indiana 34 1,830,581 2.59
Pennsylvania 35 1,703,896 2.41
Michigan 40 1,651,734 2.34
Arizona 20 1,370,574 1.94
Massachusetts 14 1,360,025 1.92
Tennessee 16 1,088,175 1.54
Utah 10 1,054,974 1.49
Colorado 12 995,531 1.41
Nevada 7 936,812 1.32
Missouri 12 844,510 1.19
Idaho 9 805,430 1.14
North Carolina 10 760,627 1.08
Texas 9 728,705 1.03
Connecticut 8 709,600 1.00
South Carolina 9 522,271 0.74
Louisiana 6 470,053 0.66
Oklahoma 8 435,305 0.62
Mississippi 8 306,485 0.43
Wisconsin 6 297,514 0.42
Arkansas 5 283,413 0.40
Kentucky 5 279,857 0.40
New Mexico 2 238,756 0.34
New Hampshire 3 233,731 0.33
Virginia 5 221,904 0.31
Minnesota 2 184,480 0.26
Montana 2 156,505 0.22
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 1 (continued)
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
State (continued) Kansas 2 80,000 0.11
Rhode Island 1 68,966 0.10
Hawaii 1 68,138 0.10
Maryland 1 65,553 0.09
Alaska 1 60,468 0.09
Iowa 1 48,302 0.07
West Virginia 1 39,678 0.06
Delaware 1 30,848 0.04
Maine 1 28,053 0.04
------ ----------- -------
845 $70,707,966 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Original LTV 15+% to 20% 2 44,427 0.06
20+% to 25% 2 84,887 0.12
25+% to 30% 7 377,753 0.53
30+% to 35% 14 530,914 0.75
35+% to 40% 17 889,237 1.26
40+% to 45% 15 562,387 0.80
45+% to 50% 23 1,102,260 1.56
50+% to 55% 15 837,717 1.18
55+% to 60% 59 3,555,120 5.03
60+% to 65% 53 3,151,830 4.46
65+% to 70% 120 9,273,703 13.12
70+% to 75% 139 12,248,030 17.32
75+% to 80% 227 21,750,383 30.76
80+% to 85% 83 9,641,887 13.64
85+% to 90% 67 6,528,192 9.23
90+% to 95% 2 129,239 0.18
------ ----------- -------
845 $70,707,966 100.00%
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 1 (continued)
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Current Coupon 7+ - 8% 8 1,680,932 2.38
8+ - 9% 133 15,493,134 21.91
9+ - 10% 232 21,314,305 30.14
10+ - 11% 231 18,476,111 26.13
11+ - 12% 122 7,698,826 10.89
12+ - 13% 76 3,921,499 5.55
13+ - 14% 40 2,027,183 2.87
14+ - 15% 3 95,976 0.14
------ ----------- -------
845 $70,707,966 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Current Balance 10K+ to 15K 1 14,816 0.02
15K+ to 20K 11 208,683 0.30
20K+ to 30K 79 2,091,083 2.96
30K+ to 40K 118 4,194,816 5.93
40K+ to 50K 100 4,513,991 6.38
50K+ to 100K 323 22,755,023 32.18
100K+ to 250K 182 26,255,982 37.13
250K+ to 500K 31 10,673,573 15.10
------ ----------- -------
845 $70,707,966 100.00%
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 1 (continued)
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Property Type Single Family 716 60,768,267 85.94
2-4 Family 73 6,125,163 8.66
Condo 35 2,545,718 3.60
Manufactured 21 1,268,817 1.79
------ ----------- -------
845 $70,707,966 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Loan Age 0 112 9,261,872 13.10
1 203 16,963,711 23.99
2 53 5,089,539 7.20
3 59 6,041,085 8.54
4 49 3,445,463 4.87
5 93 7,932,606 11.22
6 80 6,531,935 9.24
7 73 5,716,104 8.08
8 or more 123 9,725,650 13.75
------ ----------- -------
845 $70,707,966 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Remaining Term Less than 353 461 37,902,991 53.60
353 29 2,975,476 4.21
354 38 2,863,716 4.05
355 27 2,477,016 3.50
356 7 525,139 0.74
357 12 1,464,148 2.07
358 29 2,609,301 3.69
359 142 11,525,057 16.30
360 100 8,365,122 11.83
------ ----------- -------
845 $70,707,966 100.00%
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 1 (continued)
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Occupancy Owner Occupied 677 58,674,187 82.98
Non-Owner Occupied 168 12,033,779 17.02
------ ----------- -------
845 $70,707,966 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Credit Grade A 208 19,671,231 27.82
A- 224 21,505,418 30.41
B 198 16,309,669 23.07
C 162 10,743,605 15.19
C- 30 1,277,007 1.81
D 23 1,201,035 1.70
------ ----------- -------
845 $70,707,966 100.00%
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 2 INFORMATION
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
State California 571 77,067,764 31.68
Illinois 219 20,322,168 8.35
Florida 195 16,397,478 6.74
Washington 130 13,826,259 5.68
New York 109 11,458,179 4.71
New Jersey 100 10,882,898 4.47
Utah 97 10,629,763 4.37
Michigan 129 8,428,533 3.46
Ohio 102 7,084,279 2.91
Arizona 74 6,729,564 2.77
Oregon 59 6,395,039 2.63
Nevada 57 6,267,735 2.58
Colorado 62 5,373,107 2.21
Massachusetts 43 5,241,783 2.15
Indiana 68 4,715,236 1.94
Pennsylvania 46 2,853,601 1.17
Missouri 37 2,839,646 1.17
Wisconsin 38 2,688,842 1.11
Idaho 32 2,443,057 1.00
Connecticut 19 2,361,078 0.97
Georgia 29 2,313,079 0.95
Maine 22 2,219,987 0.91
North Carolina 22 2,031,686 0.84
Tennessee 21 1,530,147 0.63
Minnesota 21 1,509,229 0.62
Texas 12 1,288,159 0.53
Oklahoma 16 1,187,334 0.49
New Hampshire 16 1,080,055 0.44
Montana 15 1,068,238 0.44
Virginia 8 898,558 0.37
Maryland 5 555,518 0.23
Kansas 10 517,390 0.21
Arkansas 4 481,549 0.20
Delaware 3 474,608 0.20
South Carolina 6 414,465 0.17
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 2 INFORMATION (continued)
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
State (continued) District of Columbia 4 393,685 0.16
Alaska 3 314,281 0.13
New Mexico 6 313,878 0.13
Hawaii 1 189,154 0.08
Nebraska 4 181,791 0.07
Vermont 1 86,800 0.04
Kentucky 2 70,216 0.03
Rhode Island 1 45,309 0.02
Mississippi 1 44,167 0.02
Iowa 1 39,794 0.02
------ ------------ -------
2,421 $243,255,086 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Original LTV 15+% to 20% 2 62,929 0.03
20+% to 25% 2 177,166 0.07
25+% to 30% 6 408,532 0.17
30+% to 35% 8 364,249 0.15
35+% to 40% 11 583,489 0.24
40+% to 45% 16 1,461,946 0.60
45+% to 50% 32 2,031,968 0.84
50+% to 55% 46 3,921,717 1.61
55+% to 60% 80 6,177,901 2.54
60+% to 65% 148 11,968,820 4.92
65+% to 70% 249 20,517,955 8.43
70+% to 75% 380 37,290,516 15.33
75+% to 80% 803 83,845,455 34.47
80+% to 85% 356 39,963,830 16.43
85+% to 90% 281 34,372,363 14.13
90+% to 95% 1 106,250 0.04
------ ------------ -------
2,421 $243,255,086 100.00%
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 2 INFORMATION (continued)
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Current Coupon 7+ - 8% 50 6,841,301 2.81
8+ - 9% 372 44,158,832 18.15
9+ - 10% 805 86,777,915 35.67
10+ - 11% 745 68,438,766 28.13
11+ - 12% 331 28,167,049 11.58
12+ - 13% 104 7,958,725 3.27
13+ - 14% 14 912,497 0.38
------ ------------ -------
2,421 $243,255,086 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Current Balance 10K+ to 15K 2 29,950 0.01
15K+ to 20K 2 33,410 0.01
20K+ to 30K 45 1,180,381 0.49
30K+ to 40K 143 5,101,469 2.10
40K+ to 50K 224 10,206,553 4.20
50K+ to 100K 978 72,005,113 29.60
100K+ to 250K 1,021 153,036,227 62.91
250K+ to 500K 6 1,661,983 0.68
------ ------------ -------
2,421 $243,255,086 100.00%
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 2 INFORMATION (continued)
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Property Type Single Family 2,082 210,161,053 86.40
2-4 Family 208 21,580,114 8.87
Condo 114 10,209,816 4.20
Manufactured 17 1,304,103 0.54
------ ------------ -------
2,421 $243,255,086 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Loan Age 0 818 84,037,221 34.55
1 870 91,245,138 37.51
2 167 16,440,476 6.76
3 72 6,525,026 2.68
4 73 7,379,349 3.03
5 99 9,135,642 3.76
6 99 9,105,562 3.74
7 89 8,473,449 3.48
8 or more 134 10,913,223 4.49
------ ------------ -------
2,421 $243,255,086 100.00%
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 2 INFORMATION (continued)
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Remaining Term Less than 353 140 11,306,906 4.65
353 89 8,473,449 3.48
354 99 9,105,562 3.74
355 98 9,068,105 3.73
356 72 7,341,929 3.02
357 72 6,491,938 2.67
358 165 16,314,802 6.71
359 869 91,182,673 37.48
360 817 83,969,721 34.52
------ ------------ -------
2,421 $243,255,086 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Occupancy Owner Occupied 2,064 216,168,827 88.87
Non-Owner Occupied 357 27,086,259 11.13
------ ------------ -------
2,421 $243,255,086 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Credit Grade A 344 35,375,880 14.54
A- 756 85,112,779 34.99
B 650 66,507,138 27.34
C 496 42,418,160 17.44
C- 108 8,573,534 3.52
D 67 5,267,595 2.17
------ ------------ -------
2,421 $243,255,086 100.00%
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL CALCULATION DATE
(5/25/99)
POOL 2 INFORMATION (continued)
------------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
------------------------------------------------------------------------
Margin 3.50+ - 3.75% 1 82,252 0.03
3.75+ - 4.00% 3 302,034 0.12
4.00+ - 4.25% 4 524,551 0.22
4.25+ - 4.50% 4 263,922 0.11
4.50+ - 4.75% 5 573,038 0.24
4.75+ - 5.00% 6 544,726 0.22
5.00+ - 5.25% 12 1,368,108 0.56
5.25+ - 5.50% 174 18,311,606 7.53
5.50+ - 5.75% 107 12,733,619 5.23
5.75+ - 6.00% 516 58,256,809 23.95
6.00+ - 6.25% 652 67,913,233 27.92
6.25+ - 6.50% 183 19,677,189 8.09
6.50+ - 6.75% 288 25,964,580 10.67
6.75+ - 7.00% 113 9,197,317 3.78
7.00+ - 7.25% 133 10,695,834 4.40
7.25+ - 7.50% 67 4,868,260 2.00
7.50+ - 7.75% 72 5,459,859 2.24
7.75+ - 8.00% 40 3,108,534 1.28
8.00+ - 8.25% 14 1,300,865 0.53
8.25+ - 8.50% 17 1,313,975 0.54
8.50+ - 8.75% 3 337,362 0.14
8.75+ - 9.00% 1 63,573 0.03
9.00+ - 9.25% 3 167,953 0.07
9.25+ - 9.50% 2 163,202 0.07
Over 10.00% 1 62,681 0.03
------ ------------ -------
2,421 $243,255,086 100.00%
------------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 2 INFORMATION (continued)
------------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
------------------------------------------------------------------------
Rate Reset 1999/07 4 345,120 0.14
1999/08 11 1,246,904 0.51
1999/09 23 2,641,751 1.09
1999/10 53 5,901,642 2.43
1999/11 38 3,804,581 1.56
1999/12 16 1,228,683 0.51
2000/01 14 1,416,719 0.58
2000/04 1 25,751 0.01
2000/05 1 52,861 0.02
2000/06 8 782,886 0.32
2000/07 12 970,491 0.40
2000/08 21 1,424,457 0.59
2000/09 37 2,927,477 1.20
2000/10 54 5,340,409 2.20
2000/11 75 7,049,254 2.90
2000/12 107 10,173,203 4.18
2001/01 45 4,307,001 1.77
2001/02 75 6,826,771 2.81
2001/03 83 8,898,646 3.66
2001/04 502 53,876,470 22.15
2001/05 409 43,454,704 17.86
2001/06 2 123,547 0.05
2001/07 1 127,538 0.05
2001/08 3 139,771 0.06
2001/09 9 632,538 0.26
2001/10 17 1,238,379 0.51
2001/11 19 1,540,225 0.63
2001/12 8 524,498 0.22
2002/01 5 510,031 0.21
2002/02 2 65,003 0.03
2002/03 32 2,746,357 1.13
2002/04 282 27,885,128 11.46
2002/05 247 25,078,632 10.31
2003/05 2 83,189 0.03
2004/02 2 122,559 0.05
2004/04 79 8,251,735 3.39
2004/05 122 11,490,176 4.72
------ ------------ -------
2,421 $243,255,086 100.00%
------------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 2 INFORMATION (continued)
------------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
------------------------------------------------------------------------
Life Cap 12+ - 13% 1 137,468 0.06
13+ - 14% 2 123,386 0.05
14+ - 15% 66 9,123,088 3.75
15+ - 16% 402 47,363,632 19.47
16+ - 17% 822 87,232,348 35.86
17+ - 18% 713 65,441,044 26.9
18+ - 19% 307 25,854,555 10.63
19+ - 20% 98 7,321,569 3.01
20+ - 21% 10 657,997 0.27
------ ------------ -------
2,421 $243,255,086 100.00%
------------------------------------------------------------------------
------------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
------------------------------------------------------------------------
Life Floor 7+ - 8% 52 6,964,686 2.86
8+ - 9% 385 45,840,497 18.84
9+ - 10% 814 87,865,516 36.12
10+ - 11% 733 66,956,373 27.53
11+ - 12% 323 27,299,861 11.22
12+ - 13% 102 7,572,875 3.11
13+ - 14% 12 755,277 0.31
------ ------------ -------
2,421 $243,255,086 100.00%
------------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 3 INFORMATION
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
State California 108 32,608,711 59.86
Illinois 11 3,567,128 6.55
Washington 10 2,825,937 5.19
Florida 10 2,717,748 4.99
New York 7 2,113,649 3.88
New Jersey 7 2,014,847 3.70
Colorado 5 1,531,687 2.81
Michigan 4 1,317,579 2.42
Ohio 5 1,306,263 2.40
Utah 3 809,616 1.49
Arizona 2 643,750 1.18
Maryland 2 580,291 1.07
Maine 1 300,000 0.55
Connecticut 1 296,162 0.54
Massachusetts 1 278,665 0.51
Indiana 1 275,349 0.51
Oregon 1 274,891 0.50
New Mexico 1 258,523 0.47
Montana 1 256,500 0.47
Vermont 1 252,000 0.46
New Hampshire 1 249,529 0.46
------ ----------- -------
183 $54,478,825 100.00%
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 3 INFORMATION (continued)
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Original LTV 50+% to 55% 1 349,845 0.64
55+% to 60% 7 1,996,507 3.66
60+% to 65% 5 1,571,842 2.89
65+% to 70% 12 3,462,267 6.36
70+% to 75% 26 7,898,493 14.50
75+% to 80% 70 20,927,396 38.41
80+% to 85% 31 9,187,992 16.87
85+% to 90% 31 9,084,482 16.68
------ ----------- -------
183 $54,478,825 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Current Coupon 7+ - 8% 6 1,826,361 3.35
8+ - 9% 71 21,531,677 39.52
9+ - 10% 60 17,639,626 32.38
10+ - 11% 36 10,577,861 19.42
11+ - 12% 6 1,773,925 3.26
12+ - 13% 4 1,129,375 2.07
------ ----------- -------
183 $54,478,825 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Current Balance 100K+ to 250K 21 5,154,434 9.46
250K+ to 500K 162 49,324,390 90.54
------ ----------- -------
183 $54,478,825 100.00%
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 3 INFORMATION (continued)
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Property Type Single Family 179 53,180,734 97.62
Condo 3 948,246 1.74
2-4 Family 1 349,845 0.64
------ ----------- -------
183 $54,478,825 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Loan Age 0 55 16,182,125 29.70
1 73 21,573,809 39.60
2 15 4,379,906 8.04
3 4 1,221,763 2.24
4 4 1,190,776 2.19
5 8 2,469,226 4.53
6 6 1,866,513 3.43
7 7 2,187,498 4.02
8 or more 11 3,407,210 6.25
------ ----------- -------
183 $54,478,825 100.00%
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 3 INFORMATION (continued)
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Remaining Term Less than 353 11 3,407,210 6.25
353 7 2,187,498 4.02
354 6 1,866,513 3.43
355 8 2,469,226 4.53
356 4 1,190,776 2.19
357 4 1,221,763 2.24
358 15 4,379,906 8.04
359 73 21,573,809 39.60
360 55 16,182,125 29.70
------ ----------- -------
183 $54,478,825 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Occupancy Owner Occupied 179 53,269,960 97.78
Non-Owner Occupied 4 1,208,865 2.22
------ ----------- -------
183 $54,478,825 100.00%
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
-----------------------------------------------------------------------
Credit Grade A 37 10,989,757 20.17
A- 81 24,373,860 44.74
B 45 13,497,205 24.78
C 15 4,214,105 7.74
C- 4 1,109,772 2.04
D 1 294,125 0.54
------ ----------- -------
183 $54,478,825 100.00%
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 3 INFORMATION (continued)
------------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
Margin 3.75+ - 4.00% 1 278,022 0.51
4.50+ - 4.75% 2 618,783 1.14
5.25+ - 5.50% 17 5,101,689 9.36
5.50+ - 5.75% 13 4,182,526 7.68
5.75+ - 6.00% 54 15,970,761 29.32
6.00+ - 6.25% 38 11,206,918 20.57
6.25+ - 6.50% 17 4,993,374 9.17
6.50+ - 6.75% 23 7,070,962 12.98
6.75+ - 7.00% 9 2,515,355 4.62
7.00+ - 7.25% 5 1,450,562 2.66
7.50+ - 7.75% 1 245,000 0.45
8.00+ - 8.25% 1 294,125 0.54
8.75+ - 9.00% 1 258,523 0.47
9.25+ - 9.50% 1 292,224 0.54
------ ----------- -------
183 $54,478,825 100.00%
------------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 3 INFORMATION (continued)
------------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
------------------------------------------------------------------------
Rate Reset 1999/07 1 268,135 0.49
1999/09 2 631,240 1.16
1999/10 7 2,087,118 3.83
1999/11 4 1,223,032 2.24
2000/01 3 858,976 1.58
2000/07 1 297,131 0.55
2000/08 1 327,951 0.60
2000/09 3 917,136 1.68
2000/10 2 609,697 1.12
2000/11 3 1,109,132 2.04
2000/12 8 2,476,730 4.55
2001/01 2 574,934 1.06
2001/02 7 2,210,619 4.06
2001/03 7 2,021,947 3.71
2001/04 44 13,116,545 24.08
2001/05 27 8,115,148 14.90
2001/09 1 294,492 0.54
2001/10 1 275,349 0.51
2001/11 1 358,967 0.66
2002/03 1 262,164 0.48
2002/04 20 5,853,647 10.74
2002/05 18 5,213,817 9.57
2004/04 8 2,178,980 4.00
2004/05 11 3,195,936 5.87
------ ----------- -------
183 $54,478,825 100.00%
------------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 3 INFORMATION (continued)
------------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
------------------------------------------------------------------------
Life Cap 14+ - 15% 9 2,862,103 5.25
15+ - 16% 75 22,623,815 41.53
16+ - 17% 62 18,180,481 33.37
17+ - 18% 31 9,133,125 16.76
18+ - 19% 3 840,175 1.54
19+ - 20% 3 839,125 1.54
------ ----------- -------
183 $54,478,825 100.00%
------------------------------------------------------------------------
------------------------------------------------------------------------
Aggregate Field Description Count Balance$ Pool%
------------------------------------------------------------------------
Life Floor 7+ - 8% 6 1,826,361 3.35
8+ - 9% 72 21,888,898 40.18
9+ - 10% 63 18,387,589 33.75
10+ - 11% 36 10,696,677 19.63
11+ - 12% 2 549,925 1.01
12+ - 13% 4 1,129,375 2.07
------ ----------- -------
183 $54,478,825 100.00%
------------------------------------------------------------------------
