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FREMONT HOME LOAN OWNER TRUST 1999-2
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PRELIMINARY BACKGROUND INFORMATION
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THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE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
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LAST PRINCIPAL EXPECTED
APPROXIMATE WAL PRINCIPAL WINDOW MATURITY RATINGS
CLASS SIZE COUPON (YEARS) PAYMENT (YEARS) DATE (▇▇▇▇▇'▇/S&P)
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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
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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: $499,714 $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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The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solication or sale would be unlawful prior to
registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT : FIRST
SUISSE : BOSTON
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BOND SENSITIVITY TO PREPAYMENTS
PREPAYMENT SCENARIOS
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S-1 S-2 S-3 : S-4 : S-5 S-6
---------------------------------------------------:--------:-------------------
Class A-1* 0% 50% 75% : 100% : 125% 150%
---------------------------------------------------:--------:-------------------
Class A-2** 0% 15% 20% : 27% : 35% 45%
---------------------------------------------------:--------:-------------------
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
: :
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
: :
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:
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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
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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 Alaska or
United States 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 $1,000
thereafter.
DESCRIPTION OF THE SERVICER
o Fairbanks Capital Corp. ("Fairbanks"), a Utah corporation, was formed on
February 24, 1989.
o Financial Security Assurance, Inc. owns a 25% share of Fairbanks Capital
Holding Corporation.
o Fairbanks commenced mortgage servicing operations in 1989 for its own
account and since 1994 has managed and serviced third-party mortgage loan
portfolios. Prior to 1998, Fairbanks primarily serviced portfolios of
non-performing or delinquent residential mortgage loans.
o Fairbanks is a FNMA approved seller/servicer and a FHLMC approved servicer
that is engaged in the servicing of first and second lien mortgage loans.
o Fairbanks is currently servicing over 20,000 loans.
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICAL
CALCULATION DATE (5/25/99)
POOL 1
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Aggregate Field Description Count Balance$ 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
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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 $243,255,086 100.00%
-----------------------------------------------------------------------
DESCRIPTION OF HOME EQUITY LOANS AS OF THE STATISTICA
CALCULATION DATE (5/25/99)
POOL 2 INFORMATION (CONTINUED)
-----------------------------------------------------------------------
Aggregate Field Description Count Balance$ 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%
------------------------------------------------------------------------
