<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 22, 1999
Saxon Asset Securities Company
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in charter)
<TABLE>
<S> <C> <C>
Virginia 34-0-20552 52-1785164
- ---------------------------------------------------------------------------------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
</TABLE>
4880 Cox Road, Glen Allen, Virginia 23060
-----------------------------------------
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code (804) 967-7400
--------------
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
<PAGE>
Item 1. Changes in Control of Registrant. Not Applicable.
Item 2. Acquisition or Disposition of Assets. Not Applicable.
Item 3. Bankruptcy or Receivership. Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant. Not Applicable.
Item 5. Other Events.
It is expected that during August 1999, a series of certificates, entitled
Mortgage Loan Asset Backed Certificates, Series 1999-3 (the "Certificates"),
will be issued pursuant to a trust agreement, to be entered into by and among
Saxon Asset Securities Company (the "Registrant"), Saxon Mortgage, Inc., and
Chase Bank of Texas, N. A. The offering and sale of certain classes of the
Certificates (the "Underwritten Certificates") will be registered under the
Registrant's registration statement on Form S-3 (no. 333-59479) and sold to
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Banc of America Securities
LLC, Prudential Securities Incorporated and Banc One Capital Markets, Inc. (the
"Underwriters") pursuant to an underwriting agreement to be entered into by and
between the Registrant and each of the Underwriters.
In connection with the expected sale of the Underwritten Certificates,
Merrill Lynch, Pierce, Fenner & Smith Incorporated has advised the Registrant
that it has furnished to prospective investors certain information attached
hereto as exhibit 99.1 that may be considered "computational materials" (as
defined in the no-action letter dated May 20, 1994 issued by the Division of
Corporation Finance of the Securities and Exchange Commission (the "Commission")
to Kidder, Peabody Acceptance Corporation I, Kidder, Peabody & Co. Incorporated,
and Kidder Structured Asset Corporation and the no-action letter dated May 27,
1994 issued by the Division of Corporation Finance of the Commission to the
Public Securities Association) and "Collateral Term Sheets" (as defined in the
no-action letter dated February 17, 1995 issued by the Division of Corporation
Finance of the Commission to the Public Securities Association).
The Collateral Term Sheets attached hereto have been prepared and provided
to the Registrant by Merrill Lynch, Pierce, Fenner & Smith Incorporated. The
information in such Collateral Term Sheets is preliminary and will be superseded
by the final Prospectus Supplement relating to the Underwritten Certificates and
by any other information subsequently filed with the Commission.
Item 6. Resignations of Registrant's Directors. Not Applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
Not Applicable.
Item 8. Change in Fiscal Year. Not Applicable.
Exhibit
- -------
99.1 Copy of Collateral Term Sheets as provided by Merrill Lynch, Pierce,
Fenner & Smith Incorporated.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SAXON ASSET SECURITIES COMPANY
By: /s/ Bradley D. Adams
--------------------
Bradley D. Adams, Vice President
July 22, 1999
<PAGE>
INDEX TO EXHIBITS
-----------------
Page
----
99.1 Copy of Collateral Term Sheets as provided by Merrill Lynch, Pierce,
Fenner & Smith Incorporated
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Fixed Conforming Pool (Group 1-A) [Merrill Lynch Logo]
As of 08/01/1999
- -----------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXCONF 2,066 160,305,379.75 77,592.15 77.95 10.155 245.07 2.33
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Current Balance Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
11,160.01 - 20,000.00 21 1.02 346,141.81 0.22 11.872 169.18 166.71 2.47 65.49 605 16,482.94
20,000.01 - 40,000.00 352 17.04 11,231,718.53 7.01 10.969 240.55 238.35 2.20 70.43 596 31,908.29
40,000.01 - 60,000.00 534 25.85 27,008,197.80 16.85 10.642 246.09 243.78 2.31 76.75 595 50,577.15
60,000.01 - 80,000.00 408 19.75 28,615,076.95 17.85 10.224 243.50 241.31 2.19 77.11 595 70,134.99
80,000.01 - 100,000.00 249 12.05 22,429,380.74 13.99 10.004 247.48 245.06 2.43 78.20 601 90,077.83
100,000.01 - 120,000.00 170 8.23 18,613,272.92 11.61 9.990 234.57 232.34 2.23 79.84 600 109,489.84
120,000.01 - 140,000.00 131 6.34 17,062,610.28 10.64 9.893 258.78 256.46 2.32 78.97 608 130,248.93
140,000.01 - 160,000.00 84 4.07 12,572,503.82 7.84 9.813 249.76 247.35 2.41 79.75 598 149,672.66
160,000.01 - 180,000.00 51 2.47 8,789,204.57 5.48 9.866 271.81 269.06 2.75 82.34 591 172,337.34
180,000.01 - 200,000.00 30 1.45 5,677,247.12 3.54 9.669 245.16 242.35 2.81 80.14 624 189,241.57
200,000.01 - 220,000.00 19 0.92 4,020,575.38 2.51 9.456 256.16 254.27 1.88 79.33 635 211,609.23
220,000.01 - 240,000.00 16 0.77 3,693,035.36 2.30 9.663 247.70 245.02 2.68 79.48 620 230,814.71
240,000.01 - 246,414.47 1 0.05 246,414.47 0.15 11.125 360.00 359.00 1.00 85.00 568 246,414.47
- ------------------------------------------------------------------------------------------------------------------------------------
2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Original Balance Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
11,200.00 - 20,000.00 21 1.02 346,141.81 0.22 11.872 169.18 166.71 2.47 65.49 605 16,482.94
20,000.01 - 40,000.00 352 17.04 11,231,718.53 7.01 10.969 240.55 238.35 2.20 70.43 596 31,908.29
40,000.01 - 60,000.00 534 25.85 27,008,197.80 16.85 10.642 246.09 243.78 2.31 76.75 595 50,577.15
60,000.01 - 80,000.00 407 19.70 28,535,129.08 17.80 10.217 243.51 241.31 2.19 77.08 595 70,110.88
80,000.01 - 100,000.00 250 12.10 22,509,328.61 14.04 10.013 247.46 245.03 2.42 78.24 601 90,037.31
100,000.01 - 120,000.00 170 8.23 18,613,272.92 11.61 9.990 234.57 232.34 2.23 79.84 600 109,489.84
120,000.01 - 140,000.00 131 6.34 17,062,610.28 10.64 9.893 258.78 256.46 2.32 78.97 608 130,248.93
140,000.01 - 160,000.00 84 4.07 12,572,503.82 7.84 9.813 249.76 247.35 2.41 79.75 598 149,672.66
160,000.01 - 180,000.00 51 2.47 8,789,204.57 5.48 9.866 271.81 269.06 2.75 82.34 591 172,337.34
180,000.01 - 200,000.00 30 1.45 5,677,247.12 3.54 9.669 245.16 242.35 2.81 80.14 624 189,241.57
200,000.01 - 220,000.00 19 0.92 4,020,575.38 2.51 9.456 256.16 254.27 1.88 79.33 635 211,609.23
220,000.01 - 240,000.00 16 0.77 3,693,035.36 2.30 9.663 247.70 245.02 2.68 79.48 620 230,814.71
240,000.01 - 246,500.00 1 0.05 246,414.47 0.15 11.125 360.00 359.00 1.00 85.00 568 246,414.47
- ------------------------------------------------------------------------------------------------------------------------------------
2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 1
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Fixed Conforming Pool (Group 1-A) [Merrill Lynch Logo]
As of 08/01/1999
- -----------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXCONF 2,066 160,305,379.75 77,592.15 77.95 10.155 245.07 2.33
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Current Rate Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
6.870 - 6.999 3 0.15 217,754.51 0.14 6.916 180.00 177.37 2.63 44.78 622 72,584.84
7.000 - 7.499 1 0.05 91,710.31 0.06 7.250 360.00 356.00 4.00 88.46 747 91,710.31
7.500 - 7.999 22 1.06 2,346,696.67 1.46 7.730 278.02 275.25 2.77 60.48 627 106,668.03
8.000 - 8.499 72 3.48 6,536,997.22 4.08 8.210 268.00 265.48 2.52 72.03 633 90,791.63
8.500 - 8.999 249 12.05 24,045,054.77 15.00 8.737 242.18 239.78 2.40 74.98 630 96,566.49
9.000 - 9.499 192 9.29 17,667,765.37 11.02 9.210 235.57 233.27 2.30 76.56 620 92,019.61
9.500 - 9.999 343 16.60 28,061,197.54 17.50 9.721 252.70 250.62 2.08 76.95 610 81,811.07
10.000 - 10.499 206 9.97 16,251,557.96 10.14 10.225 244.64 242.17 2.47 79.96 599 78,891.06
10.500 - 10.999 358 17.33 26,557,820.65 16.57 10.699 258.66 256.22 2.44 81.44 582 74,183.86
11.000 - 11.499 159 7.70 11,518,122.18 7.19 11.184 236.40 234.14 2.26 82.92 574 72,441.02
11.500 - 11.999 191 9.24 12,336,092.39 7.70 11.650 235.76 233.41 2.35 81.08 575 64,586.87
12.000 - 12.499 114 5.52 6,464,877.69 4.03 12.148 253.89 251.80 2.09 78.43 564 56,709.45
12.500 - 12.999 86 4.16 4,757,663.52 2.97 12.682 240.43 238.18 2.25 78.80 560 55,321.67
13.000 - 13.499 36 1.74 1,794,136.13 1.12 13.156 234.43 231.56 2.87 77.93 548 49,837.11
13.500 - 13.999 20 0.97 1,052,117.40 0.66 13.637 233.81 231.47 2.34 68.40 552 52,605.87
14.000 - 14.499 11 0.53 472,896.50 0.29 14.033 318.54 316.06 2.48 62.06 556 42,990.59
14.500 - 14.800 3 0.15 132,918.94 0.08 14.712 220.61 216.73 3.88 70.43 645 44,306.31
- ------------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 10.155 2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Original Term Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
120 - 120 22 1.06 1,007,835.00 0.63 10.187 120.00 118.23 1.77 73.28 591 45,810.68
121 - 180 1,267 61.33 97,259,029.67 60.67 10.160 179.97 177.66 2.31 78.67 599 76,763.24
181 - 240 40 1.94 2,437,853.55 1.52 10.527 240.00 237.73 2.27 77.96 601 60,946.34
241 - 300 1 0.05 55,842.99 0.03 10.500 300.00 296.00 4.00 58.52 537 55,842.99
301 - 360 736 35.62 59,544,818.54 37.14 10.130 359.98 357.59 2.39 76.86 603 80,903.29
- ------------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 247 2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Stated Remaining Term Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
116 - 120 22 1.06 1,007,835.00 0.63 10.187 120.00 118.23 1.77 73.28 591 45,810.68
121 - 180 1,267 61.33 97,259,029.67 60.67 10.160 179.97 177.66 2.31 78.67 599 76,763.24
181 - 240 40 1.94 2,437,853.55 1.52 10.527 240.00 237.73 2.27 77.96 601 60,946.34
241 - 300 1 0.05 55,842.99 0.03 10.500 300.00 296.00 4.00 58.52 537 55,842.99
301 - 360 736 35.62 59,544,818.54 37.14 10.130 359.98 357.59 2.39 76.86 603 80,903.29
- ------------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 245 2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Seasoning Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0 - 12 2,063 99.85 159,952,635.19 99.78 10.153 247.47 245.17 2.30 77.93 601 77,534.00
13 - 20 3 0.15 352,744.56 0.22 11.073 221.07 203.94 17.12 85.42 523 117,581.52
- ------------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 2 2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Fixed Conforming Pool (Group 1-A) [Merrill Lynch Logo]
As of 08/01/1999
- -----------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXCONF 2,066 160,305,379.75 77,592.15 77.95 10.155 245.07 2.33
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
State Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AK 2 0.10 74,781.83 0.05 8.501 180.00 179.01 0.99 26.50 544 37,390.92
AR 8 0.39 628,476.74 0.39 10.807 238.38 235.60 2.78 79.59 598 78,559.59
AZ 30 1.45 2,208,097.06 1.38 9.789 240.15 237.40 2.75 79.31 608 73,603.24
CA 153 7.41 17,112,563.40 10.67 9.723 300.87 298.49 2.38 74.35 611 111,846.82
CO 41 1.98 3,872,712.10 2.42 9.519 269.94 267.52 2.42 76.67 607 94,456.39
CT 22 1.06 1,876,928.70 1.17 10.162 241.35 238.85 2.50 79.77 586 85,314.94
DC 6 0.29 638,628.03 0.40 10.003 204.49 201.66 2.83 73.45 600 106,438.01
DE 13 0.63 1,171,105.25 0.73 9.859 204.78 203.32 1.47 76.26 630 90,085.02
FL 159 7.70 13,030,585.24 8.13 9.874 267.66 265.20 2.46 78.49 609 81,953.37
GA 82 3.97 6,448,288.74 4.02 10.346 257.58 255.29 2.29 77.99 590 78,637.67
HI 4 0.19 436,154.74 0.27 9.441 343.56 341.01 2.54 78.00 658 109,038.69
IA 37 1.79 2,110,728.32 1.32 10.805 201.74 199.64 2.10 80.47 582 57,046.71
ID 10 0.48 703,355.05 0.44 9.941 226.55 224.45 2.09 79.26 592 70,335.51
IL 73 3.53 5,458,718.72 3.41 10.288 220.12 218.01 2.11 76.98 598 74,776.97
IN 55 2.66 3,090,768.07 1.93 10.593 263.66 261.41 2.26 77.32 596 56,195.78
KS 47 2.27 3,385,239.63 2.11 10.407 191.62 189.90 1.73 81.36 598 72,026.38
KY 20 0.97 1,309,288.66 0.82 10.067 239.42 237.23 2.20 75.78 585 65,464.43
LA 66 3.19 4,471,271.47 2.79 10.426 254.22 252.25 1.97 79.26 588 67,746.54
MA 16 0.77 1,349,559.76 0.84 10.102 233.82 231.37 2.45 75.03 590 84,347.49
MD 31 1.50 2,245,951.38 1.40 10.363 194.22 192.05 2.17 76.72 589 72,450.04
MI 97 4.70 7,210,412.37 4.50 10.389 227.80 225.50 2.30 76.04 590 74,334.15
MN 56 2.71 4,812,189.27 3.00 10.159 240.74 238.58 2.16 78.43 605 85,931.95
MO 103 4.99 6,551,273.35 4.09 10.798 193.71 191.69 2.02 81.34 597 63,604.60
MS 26 1.26 1,643,714.46 1.03 10.470 267.06 263.70 3.37 79.71 604 63,219.79
MT 2 0.10 155,097.22 0.10 10.488 296.02 293.95 2.07 81.78 596 77,548.61
NC 71 3.44 5,128,934.71 3.20 10.119 259.30 256.97 2.32 78.39 580 72,238.52
ND 1 0.05 32,350.53 0.02 9.375 360.00 357.00 3.00 90.00 659 32,350.53
NE 21 1.02 1,353,990.06 0.84 10.747 217.68 215.46 2.22 74.19 602 64,475.72
NJ 30 1.45 3,183,912.77 1.99 10.155 241.33 237.73 3.60 79.52 608 106,130.43
NM 14 0.68 1,443,964.43 0.90 9.884 219.63 217.52 2.11 76.65 613 103,140.32
NV 7 0.34 719,645.20 0.45 10.512 285.13 281.38 3.75 87.24 572 102,806.46
NY 27 1.31 3,195,842.64 1.99 10.521 308.75 306.47 2.28 79.68 595 118,364.54
OH 112 5.42 7,442,733.83 4.64 10.330 218.89 216.46 2.42 79.91 603 66,452.98
OK 47 2.27 3,125,510.81 1.95 10.076 262.11 259.90 2.21 81.59 618 66,500.23
OR 39 1.89 3,668,547.71 2.29 9.439 216.66 214.14 2.52 75.99 607 94,065.33
PA 93 4.50 5,912,801.99 3.69 10.468 230.29 227.90 2.40 79.36 603 63,578.52
RI 6 0.29 600,758.05 0.37 10.593 205.59 203.54 2.05 81.68 593 100,126.34
SC 17 0.82 1,348,286.63 0.84 9.727 221.95 220.14 1.81 75.73 606 79,310.98
TN 80 3.87 5,742,275.15 3.58 9.980 230.01 227.89 2.12 80.40 599 71,778.44
TX 171 8.28 10,509,658.05 6.56 10.517 271.25 269.09 2.16 78.95 599 61,459.99
UT 21 1.02 1,917,159.50 1.20 9.955 293.63 291.38 2.25 72.73 597 91,293.31
VA 77 3.73 6,574,644.31 4.10 10.119 231.76 229.48 2.28 78.21 603 85,384.99
VT 1 0.05 67,931.24 0.04 12.625 180.00 176.00 4.00 85.00 539 67,931.24
WA 38 1.84 4,056,210.26 2.53 9.055 228.02 224.90 3.13 72.16 609 106,742.38
WI 16 0.77 1,216,916.32 0.76 10.621 226.10 223.54 2.56 81.96 599 76,057.27
WV 17 0.82 971,486.64 0.61 11.236 221.53 219.44 2.09 79.46 575 57,146.27
WY 1 0.05 95,929.36 0.06 12.750 180.00 177.00 3.00 80.00 498 95,929.36
- ------------------------------------------------------------------------------------------------------------------------------------
2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Fixed Conforming Pool (Group 1-A) [Merrill Lynch Logo]
As of 08/01/1999
- -----------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXCONF 2,066 160,305,379.75 77,592.15 77.95 10.155 245.07 2.33
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
Combined Loan % By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
To Value Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
14.45 - 20.00 2 0.10 79,672.33 0.05 9.033 304.01 300.32 3.69 17.12 606 39,836.17
20.01 - 30.00 18 0.87 829,456.87 0.52 9.743 261.92 259.59 2.33 25.35 597 46,080.94
30.01 - 40.00 36 1.74 1,644,715.87 1.03 9.529 264.80 262.57 2.23 35.59 629 45,686.55
40.01 - 50.00 61 2.95 3,746,660.05 2.34 9.989 266.25 263.81 2.44 46.05 593 61,420.66
50.01 - 60.00 104 5.03 6,875,430.48 4.29 9.533 273.76 271.84 1.93 56.22 599 66,109.91
60.01 - 70.00 300 14.52 19,856,815.40 12.39 9.996 253.15 250.64 2.51 66.98 597 66,189.38
70.01 - 80.00 850 41.14 69,632,832.14 43.44 9.959 243.39 241.06 2.33 77.97 604 81,920.98
80.01 - 90.00 644 31.17 52,945,862.88 33.03 10.617 246.90 244.56 2.34 87.82 592 82,214.07
92.01 - 93.00 1 0.05 94,797.30 0.06 9.625 180.00 178.00 2.00 92.50 623 94,797.30
94.01 - 95.00 44 2.13 4,390,477.41 2.74 9.721 228.35 226.24 2.12 94.98 655 99,783.58
96.01 - 97.00 1 0.05 30,463.20 0.02 12.250 180.00 177.00 3.00 96.15 704 30,463.20
99.01 - 100.00 5 0.24 178,195.82 0.11 13.311 180.00 178.38 1.62 99.87 712 35,639.16
- ------------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 77.95 2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Fico Score Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0 - 250 111 5.37 7,791,517.67 4.86 10.856 275.42 272.44 2.99 77.84 70,193.85
401 - 450 4 0.19 262,019.24 0.16 11.052 232.16 230.05 2.11 73.06 437 65,504.81
451 - 500 81 3.92 5,637,632.00 3.52 11.120 230.34 228.11 2.23 77.26 485 69,600.40
501 - 550 390 18.88 28,409,075.67 17.72 10.834 241.44 239.01 2.43 78.28 529 72,843.78
551 - 600 559 27.06 43,886,403.01 27.38 10.205 251.31 249.11 2.20 78.05 577 78,508.77
601 - 650 536 25.94 43,227,649.13 26.97 9.846 243.45 241.21 2.24 77.52 624 80,648.60
651 - 700 267 12.92 21,846,718.33 13.63 9.531 248.23 245.87 2.36 77.57 672 81,822.92
701 - 750 92 4.45 7,277,002.49 4.54 9.558 245.32 242.71 2.61 78.94 721 79,097.85
751 - 800 24 1.16 1,745,238.18 1.09 9.425 261.14 258.82 2.32 84.45 771 72,718.26
801 - 813 2 0.10 222,124.03 0.14 9.884 360.00 356.18 3.82 79.10 812 111,062.02
- ------------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 571 2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Grade Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A 447 21.64 38,806,546.63 24.21 9.184 233.18 230.82 2.36 77.50 636 86,815.54
A+ 80 3.87 6,946,019.83 4.33 8.901 244.69 242.42 2.28 78.42 669 86,825.25
A- 880 42.59 71,357,738.03 44.51 10.219 250.50 248.19 2.31 80.17 597 81,088.34
B 354 17.13 24,946,184.32 15.56 10.797 258.79 256.44 2.35 76.65 566 70,469.45
C 266 12.88 15,840,822.26 9.88 11.406 248.02 245.66 2.36 73.35 551 59,551.96
D 39 1.89 2,408,068.68 1.50 12.630 271.09 268.67 2.42 61.88 549 61,745.35
- ------------------------------------------------------------------------------------------------------------------------------------
2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 4
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Fixed Conforming Pool (Group 1-A) [Merrill Lynch Logo]
As of 08/01/1999
- -----------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXCONF 2,066 160,305,379.75 77,592.15 77.95 10.155 245.07 2.33
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Property Type Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2-4 UNITS 135 6.53 12,014,098.22 7.49 10.103 259.11 256.54 2.57 78.81 625 88,993.32
CONDO - HIGH RISE 12 0.58 1,140,787.70 0.71 9.825 313.90 311.01 2.89 75.28 631 95,065.64
CONDO - LOW RISE 74 3.58 4,679,862.63 2.92 9.899 245.51 242.93 2.58 79.08 615 63,241.39
SINGLE FAMILY ATTACHED 57 2.76 3,473,297.94 2.17 10.394 228.72 226.42 2.29 77.25 615 60,935.05
SINGLE FAMILY DETACHED 1,788 86.54 138,997,333.26 86.71 10.164 246.38 244.08 2.30 77.88 597 77,739.00
- ------------------------------------------------------------------------------------------------------------------------------------
2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Loan Purpose Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PURCHASE 605 29.28 47,359,721.43 29.54 10.471 239.18 236.73 2.45 83.26 614 78,280.53
REFINANCE 253 12.25 21,382,508.55 13.34 9.783 262.54 260.13 2.42 78.54 610 84,515.84
REFINANCE - CASH OUT 1,208 58.47 91,563,149.77 57.12 10.078 248.13 245.87 2.26 75.06 592 75,797.31
- ------------------------------------------------------------------------------------------------------------------------------------
2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Documentation Level Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FULL 1,652 79.96 125,551,402.72 78.32 10.299 246.97 244.68 2.30 80.15 594 75,999.64
LIMITED 147 7.12 13,298,222.83 8.30 9.371 234.78 232.35 2.44 73.99 632 90,464.10
NO RATIO 13 0.63 757,148.14 0.47 10.449 302.14 299.99 2.16 57.68 625 58,242.16
STATED INCOME 254 12.29 20,698,606.06 12.91 9.773 256.16 253.66 2.50 67.87 615 81,490.58
- ------------------------------------------------------------------------------------------------------------------------------------
2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Occupancy Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INVESTOR 212 10.26 13,331,704.28 8.32 10.052 252.76 250.47 2.30 73.98 640 62,885.40
PRIMARY 1,843 89.21 146,056,851.23 91.11 10.168 246.68 244.34 2.34 78.39 597 79,249.51
SECOND HOME 11 0.53 916,824.24 0.57 9.581 285.67 283.20 2.48 65.32 632 83,347.66
- ------------------------------------------------------------------------------------------------------------------------------------
2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Lien Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 2,015 97.53 158,514,719.64 98.88 10.135 248.13 245.80 2.33 77.90 600 78,667.35
2 51 2.47 1,790,660.11 1.12 11.906 183.53 181.00 2.53 81.92 621 35,110.98
- ------------------------------------------------------------------------------------------------------------------------------------
2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 5
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Fixed Conforming Pool (Group 1-A) [Merrill Lynch Logo]
As of 08/01/1999
- -----------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXCONF 2,066 160,305,379.75 77,592.15 77.95 10.155 245.07 2.33
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Product Type Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
15/30 BAL 1,012 48.98 82,155,069.72 51.25 10.251 180.00 177.68 2.32 80.05 599 81,180.90
30YR FIX 736 35.62 59,544,818.54 37.14 10.130 359.98 357.59 2.39 76.86 603 80,903.29
15YR FIX 253 12.25 15,015,915.25 9.37 9.660 180.00 177.76 2.24 71.16 603 59,351.44
20YR FIX 40 1.94 2,437,853.55 1.52 10.527 240.00 237.73 2.27 77.96 601 60,946.34
10YR FIX 22 1.06 1,007,835.00 0.63 10.187 120.00 118.23 1.77 73.28 591 45,810.68
12YR FIX 2 0.10 88,044.70 0.05 9.857 144.00 141.68 2.32 76.62 589 44,022.35
25YR FIX 1 0.05 55,842.99 0.03 10.500 300.00 296.00 4.00 58.52 537 55,842.99
- ------------------------------------------------------------------------------------------------------------------------------------
2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Balloon Loan Flag Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FULLY AMORTIZING (N) 1,054 51.02 78,150,310.03 48.75 10.053 318.27 315.92 2.35 75.74 603 74,146.40
PARTIALLY
AMORTIZING (Y) 1,012 48.98 82,155,069.72 51.25 10.251 180.00 177.68 2.32 80.05 599 81,180.90
- -----------------------------------------------------------------------------------------------------------------------------------
2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Days Late Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0 - 29 1,904 92.16 148,507,876.84 92.64 10.100 247.78 245.54 2.25 77.72 602 77,997.83
30 - 57 162 7.84 11,797,502.91 7.36 10.843 242.70 239.24 3.45 80.83 574 72,824.09
- ------------------------------------------------------------------------------------------------------------------------------------
2,066 100.00 160,305,379.75 100.00 10.155 247.41 245.07 2.33 77.95 601 77,592.15
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner & Smith Incorporated. Neither Merrill
Lynch, the Issuer of the securities nor any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be superseded by the applicable prospectus
supplement and by any other information subsequently filed with the Securities and Exchange Commission.
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Conforming Pool (Group II-A) [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMCONF 1,728 167,839,954.13 97,129.60 78.69 10.011 356.82 2.97
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
Current Balance
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Current Balance Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
17,975.62 - 20,000.00 5 0.29 95,137.97 0.06 11.536 360.00 357.43 2.57 61.57 598 19,027.59
20,000.01 - 40,000.00 141 8.16 4,684,107.35 2.79 10.716 358.48 355.41 3.07 69.02 578 33,220.62
40,000.01 - 60,000.00 306 17.71 15,871,689.59 9.46 10.367 358.92 356.01 2.92 75.02 575 51,868.27
60,000.01 - 80,000.00 325 18.81 22,704,810.54 13.53 10.172 359.51 356.51 3.00 77.67 576 69,860.96
80,000.01 - 100,000.00 256 14.81 22,987,059.69 13.70 10.080 360.00 357.15 2.85 79.12 576 89,793.20
100,000.01 - 120,000.00 230 13.31 25,178,372.49 15.00 9.934 360.00 356.92 3.08 80.31 583 109,471.18
120,000.01 - 140,000.00 145 8.39 18,929,895.46 11.28 10.125 360.00 357.28 2.72 79.84 578 130,551.00
140,000.01 - 160,000.00 104 6.02 15,519,163.23 9.25 9.736 360.00 357.40 2.60 79.92 583 149,222.72
160,000.01 - 180,000.00 81 4.69 13,773,721.41 8.21 9.809 360.00 356.61 3.39 80.02 584 170,045.94
180,000.01 - 200,000.00 56 3.24 10,703,278.21 6.38 10.008 360.00 356.76 3.24 76.85 581 191,129.97
200,000.01 - 220,000.00 36 2.08 7,537,417.99 4.49 9.419 360.00 357.18 2.82 80.03 589 209,372.72
220,000.01 - 240,000.00 43 2.49 9,855,300.20 5.87 9.715 360.00 356.82 3.18 81.61 588 229,193.03
- -----------------------------------------------------------------------------------------------------------------------------------
1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
Original Balance
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Original Balance Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
18,000.00 - 20,000.00 5 0.29 95,137.97 0.06 11.536 360.00 357.43 2.57 61.57 598 19,027.59
20,000.01 - 40,000.00 141 8.16 4,684,107.35 2.79 10.716 358.48 355.41 3.07 69.02 578 33,220.62
40,000.01 - 60,000.00 306 17.71 15,871,689.59 9.46 10.367 358.92 356.01 2.92 75.02 575 51,868.27
60,000.01 - 80,000.00 325 18.81 22,704,810.54 13.53 10.172 359.51 356.51 3.00 77.67 576 69,860.96
80,000.01 - 100,000.00 255 14.76 22,887,147.65 13.64 10.087 360.00 357.15 2.85 79.16 576 89,753.52
100,000.01 - 120,000.00 231 13.37 25,278,284.53 15.06 9.928 360.00 356.92 3.08 80.27 583 109,429.80
120,000.01 - 140,000.00 145 8.39 18,929,895.46 11.28 10.125 360.00 357.28 2.72 79.84 578 130,551.00
140,000.01 - 160,000.00 104 6.02 15,519,163.23 9.25 9.736 360.00 357.40 2.60 79.92 583 149,222.72
160,000.01 - 180,000.00 80 4.63 13,593,844.18 8.10 9.787 360.00 356.60 3.40 80.22 583 169,923.05
180,000.01 - 200,000.00 57 3.30 10,883,155.44 6.48 10.033 360.00 356.76 3.24 76.65 581 190,932.55
200,000.01 - 220,000.00 35 2.03 7,317,743.63 4.36 9.443 360.00 357.22 2.78 79.89 592 209,078.39
220,000.01 - 240,000.00 44 2.55 10,074,974.56 6.00 9.692 360.00 356.80 3.20 81.68 587 228,976.69
- -----------------------------------------------------------------------------------------------------------------------------------
1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 1
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Conforming Pool (Group II-A) [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMCONF 1,728 167,839,954.13 97,129.60 78.69 10.011 356.82 2.97
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Current Rate Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
5.850 - 5.999 1 0.06 233,102.37 0.14 5.850 360.00 346.00 14.00 84.28 613 233,102.37
6.500 - 6.999 1 0.06 146,114.16 0.09 6.990 360.00 356.00 4.00 68.18 695 146,114.16
7.000 - 7.499 6 0.35 592,107.23 0.35 7.260 360.00 357.34 2.66 75.16 696 98,684.54
7.500 - 7.999 20 1.16 2,474,549.61 1.47 7.802 360.00 357.06 2.94 71.12 604 123,727.48
8.000 - 8.499 39 2.26 4,774,836.28 2.84 8.301 360.00 357.40 2.60 75.41 605 122,431.70
8.500 - 8.999 158 9.14 17,838,892.73 10.63 8.786 360.00 357.18 2.82 75.80 597 112,904.38
9.000 - 9.499 189 10.94 19,797,988.61 11.80 9.244 359.64 356.43 3.21 78.89 590 104,751.26
9.500 - 9.999 429 24.83 44,627,646.23 26.59 9.749 359.79 356.77 3.02 79.81 583 104,027.15
10.000 - 10.499 245 14.18 22,010,469.09 13.11 10.226 360.00 357.16 2.84 81.61 575 89,838.65
10.500 - 10.999 341 19.73 32,929,977.33 19.62 10.711 359.66 356.88 2.78 80.35 571 96,568.85
11.000 - 11.499 129 7.47 10,122,047.11 6.03 11.212 360.00 357.10 2.90 78.32 559 78,465.48
11.500 - 11.999 98 5.67 7,372,637.26 4.39 11.696 358.95 355.62 3.33 73.85 551 75,230.99
12.000 - 12.499 33 1.91 2,105,573.24 1.25 12.142 360.00 356.84 3.16 72.78 556 63,805.25
12.500 - 12.999 25 1.45 1,635,035.92 0.97 12.670 360.00 356.56 3.44 67.67 548 65,401.44
13.000 - 13.499 8 0.46 527,657.70 0.31 13.264 360.00 356.28 3.72 67.87 517 65,957.21
13.500 - 13.999 4 0.23 472,772.85 0.28 13.771 360.00 357.55 2.45 66.76 521 118,193.21
14.000 - 14.499 1 0.06 38,888.77 0.02 14.000 360.00 357.00 3.00 60.00 626 38,888.77
14.500 - 14.500 1 0.06 139,657.64 0.08 14.500 360.00 356.00 4.00 65.00 579 139,657.64
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 10.011 1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Original Term Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
180 - 180 4 0.23 196,213.40 0.12 10.291 180.00 176.79 3.21 65.80 556 49,053.35
301 - 360 1,724 99.77 167,643,740.73 99.88 10.011 360.00 357.03 2.97 78.71 580 97,241.15
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 360 1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
% By Average
Stated Remaining % By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Term Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
176 - 180 4 0.23 196,213.40 0.12 10.291 180.00 176.79 3.21 65.80 556 49,053.35
301 - 360 1,724 99.77 167,643,740.73 99.88 10.011 360.00 357.03 2.97 78.71 580 97,241.15
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 357 1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Seasoning Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0 - 12 1,715 99.25 166,499,326.45 99.20 10.017 359.79 356.92 2.87 78.72 580 97,084.16
13 - 20 13 0.75 1,340,627.68 0.80 9.343 360.00 344.74 15.26 75.81 578 103,125.21
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 3 1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Conforming Pool (Group II-A) [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMCONF 1,728 167,839,954.13 97,129.60 78.69 10.011 356.82 2.97
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
State Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AK 5 0.29 435,626.80 0.26 9.280 360.00 357.91 2.09 76.42 594 87,125.36
AR 6 0.35 253,742.20 0.15 10.853 360.00 356.27 3.73 75.42 544 42,290.37
AZ 45 2.60 3,922,756.09 2.34 10.021 357.16 353.99 3.17 80.84 556 87,172.36
CA 273 15.80 36,383,954.99 21.68 9.811 360.00 356.70 3.30 77.74 591 133,274.56
CO 51 2.95 5,480,537.98 3.27 9.838 358.70 355.33 3.37 78.48 573 107,461.53
CT 25 1.45 1,901,059.42 1.13 10.646 360.00 357.22 2.78 73.63 581 76,042.38
DE 15 0.87 1,707,676.29 1.02 9.245 360.00 357.66 2.34 81.20 583 113,845.09
FL 61 3.53 5,004,510.85 2.98 10.289 360.00 356.55 3.45 81.54 589 82,041.16
GA 20 1.16 1,901,122.64 1.13 9.987 360.00 356.97 3.03 80.57 562 95,056.13
HI 3 0.17 414,909.25 0.25 9.148 360.00 358.45 1.55 75.84 566 138,303.08
IA 17 0.98 1,263,484.46 0.75 9.898 360.00 358.10 1.90 75.24 573 74,322.62
ID 15 0.87 1,466,531.71 0.87 10.013 360.00 357.14 2.86 82.70 586 97,768.78
IL 96 5.56 9,815,643.61 5.85 9.876 360.00 356.40 3.60 75.17 596 102,246.29
IN 84 4.86 5,378,577.53 3.20 10.328 360.00 357.22 2.78 79.78 583 64,030.68
KS 18 1.04 1,768,399.48 1.05 10.496 360.00 356.92 3.08 77.30 579 98,244.42
KY 16 0.93 1,340,253.42 0.80 10.217 360.00 357.19 2.81 81.28 548 83,765.84
LA 17 0.98 1,623,442.25 0.97 10.050 360.00 358.27 1.73 78.17 555 95,496.60
MA 16 0.93 1,427,336.24 0.85 9.960 360.00 357.18 2.82 77.63 558 89,208.52
MD 15 0.87 2,236,209.60 1.33 10.102 360.00 357.60 2.40 79.71 538 149,080.64
ME 1 0.06 123,503.61 0.07 9.500 360.00 356.00 4.00 75.00 508 123,503.61
MI 104 6.02 7,739,427.74 4.61 10.319 360.00 357.27 2.73 78.01 564 74,417.57
MN 50 2.89 5,719,133.85 3.41 9.619 360.00 357.38 2.62 76.49 593 114,382.68
MO 50 2.89 3,592,117.55 2.14 10.445 357.40 354.47 2.93 81.41 584 71,842.35
MS 10 0.58 746,287.28 0.44 10.473 360.00 357.90 2.10 81.92 584 74,628.73
MT 3 0.17 278,160.03 0.17 9.906 360.00 356.92 3.08 84.75 578 92,720.01
NC 40 2.31 2,968,160.05 1.77 10.350 360.00 357.82 2.18 76.54 581 74,204.00
ND 1 0.06 29,493.35 0.02 10.500 360.00 353.00 7.00 77.89 595 29,493.35
NE 4 0.23 286,986.54 0.17 10.536 360.00 359.00 1.00 87.53 556 71,746.64
NH 3 0.17 262,484.88 0.16 10.484 360.00 355.60 4.40 85.82 566 87,494.96
NJ 23 1.33 2,864,980.03 1.71 10.702 360.00 356.67 3.33 79.21 575 124,564.35
NM 8 0.46 698,557.61 0.42 10.082 348.96 347.18 1.78 79.43 552 87,319.70
NV 26 1.50 2,630,400.41 1.57 9.821 360.00 356.94 3.06 78.99 582 101,169.25
NY 7 0.41 815,897.42 0.49 10.126 360.00 356.61 3.39 68.13 552 116,556.77
OH 167 9.66 12,619,318.61 7.52 10.058 360.00 357.38 2.62 80.00 571 75,564.78
OK 22 1.27 1,543,563.31 0.92 10.310 360.00 357.90 2.10 81.83 603 70,161.97
OR 61 3.53 6,966,321.41 4.15 9.834 360.00 357.79 2.21 79.09 582 114,201.99
PA 48 2.78 4,542,691.52 2.71 10.262 360.00 357.78 2.22 82.67 583 94,639.41
RI 1 0.06 193,353.64 0.12 10.750 360.00 358.00 2.00 90.00 569 193,353.64
SC 13 0.75 1,199,702.08 0.71 10.270 360.00 357.70 2.30 82.72 587 92,284.78
TN 15 0.87 1,192,986.84 0.71 10.048 360.00 357.71 2.29 83.50 574 79,532.46
TX 65 3.76 5,412,732.99 3.22 10.369 360.00 357.21 2.79 80.86 593 83,272.82
UT 50 2.89 5,870,509.29 3.50 9.979 360.00 355.77 4.23 78.67 566 117,410.19
VA 21 1.22 1,962,114.37 1.17 9.939 360.00 357.92 2.08 81.99 577 93,434.02
WA 105 6.08 11,562,850.77 6.89 9.797 360.00 356.79 3.21 77.20 579 110,122.39
WI 25 1.45 1,675,448.69 1.00 10.405 360.00 357.33 2.67 79.76 583 67,017.95
WV 6 0.35 483,807.61 0.29 9.662 360.00 357.47 2.53 80.65 598 80,634.60
WY 1 0.06 133,187.84 0.08 9.750 360.00 359.00 1.00 65.00 561 133,187.84
- -----------------------------------------------------------------------------------------------------------------------------------
1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Conforming Pool (Group II-A) [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMCONF 1,728 167,839,954.13 97,129.60 78.69 10.011 356.82 2.97
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
Combined Loan % By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
To Value Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
14.17 - 20.00 2 0.12 89,945.02 0.05 11.813 360.00 358.00 2.00 16.35 545 44,972.51
20.01 - 30.00 6 0.35 476,320.37 0.28 9.415 360.00 357.62 2.38 26.11 536 79,386.73
30.01 - 40.00 17 0.98 798,610.35 0.48 10.190 360.00 356.28 3.72 36.47 576 46,977.08
40.01 - 50.00 29 1.68 2,171,139.36 1.29 9.682 360.00 357.25 2.75 47.52 588 74,866.87
50.01 - 60.00 65 3.76 4,822,245.96 2.87 10.064 356.09 352.98 3.12 57.09 585 74,188.40
60.01 - 70.00 271 15.68 23,062,659.72 13.74 10.280 359.69 356.34 3.35 67.10 574 85,102.07
70.01 - 80.00 745 43.11 74,232,976.49 44.23 9.919 359.87 356.78 3.09 78.10 582 99,641.58
80.01 - 90.00 589 34.09 61,723,681.12 36.78 10.030 360.00 357.32 2.68 87.45 580 104,794.03
94.01 - 95.00 4 0.23 462,375.74 0.28 9.984 360.00 358.76 1.24 95.00 644 115,593.94
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 78.69 1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Fico Score (FICO > 0) count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
411 - 450 5 0.29 371,317.72 0.22 10.158 360.00 357.22 2.78 70.45 428 74,263.54
451 - 500 83 4.80 8,282,274.82 4.93 10.404 360.00 356.94 3.06 75.78 487 99,786.44
501 - 550 443 25.64 40,530,128.02 24.15 10.283 359.54 356.46 3.07 78.06 529 91,490.13
551 - 600 563 32.58 55,601,244.21 33.13 9.997 360.00 357.13 2.87 79.67 574 98,758.87
601 - 650 320 18.52 32,782,885.89 19.53 9.647 359.71 356.72 3.00 79.12 622 102,446.52
651 - 700 122 7.06 12,185,934.53 7.26 9.635 360.00 356.86 3.14 78.67 668 99,884.71
701 - 750 44 2.55 4,171,122.65 2.49 9.627 360.00 357.26 2.74 77.22 721 94,798.24
751 - 797 11 0.64 1,021,403.01 0.61 9.082 360.00 357.51 2.49 77.38 767 92,854.82
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 580 1,591 92.07 154,946,310.85 92.32 9.975 359.82 356.84 2.97 78.74 580 97,389.26
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Grade Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A 15 0.87 1,778,174.67 1.06 9.531 360.00 357.63 2.37 80.93 617 118,544.98
A+ 1 0.06 203,847.08 0.12 7.450 360.00 359.00 1.00 80.00 762 203,847.08
A- 817 47.28 87,790,442.39 52.31 9.668 360.00 357.16 2.84 82.03 598 107,454.64
B 436 25.23 41,020,862.95 24.44 10.010 360.00 356.82 3.18 77.68 563 94,084.55
C 363 21.01 28,909,832.83 17.22 10.713 359.16 356.13 3.04 74.29 551 79,641.41
D 96 5.56 8,136,794.21 4.85 11.396 358.63 355.46 3.17 62.91 551 84,758.27
- -----------------------------------------------------------------------------------------------------------------------------------
1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Property Type Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2-4 UNITS 101 5.84 9,367,017.86 5.58 10.073 360.00 356.93 3.07 73.21 605 92,742.75
CONDO - HIGH RISE 5 0.29 441,142.84 0.26 9.727 360.00 357.34 2.66 69.89 595 88,228.57
CONDO - LOW RISE 85 4.92 7,558,178.40 4.50 9.725 360.00 356.79 3.21 79.66 598 88,919.75
SINGLE FAMILY ATTACHED 24 1.39 2,148,143.78 1.28 10.417 360.00 357.11 2.89 80.26 581 89,505.99
SINGLE FAMILY DETACHED 1,513 87.56 148,325,471.25 88.37 10.017 359.76 356.81 2.95 78.99 578 98,034.02
- -----------------------------------------------------------------------------------------------------------------------------------
1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 4
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Conforming Pool (Group II-A) [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMCONF 1,728 167,839,954.13 97,129.60 78.69 10.011 356.82 2.97
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Loan Purpose Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PURCHASE 662 38.31 62,295,959.64 37.12 10.170 360.00 357.12 2.88 81.94 590 94,102.66
REFINANCE 200 11.57 20,687,911.44 12.33 9.900 360.00 356.98 3.02 77.80 584 103,439.56
REFINANCE - CASH OUT 866 50.12 84,856,083.05 50.56 9.922 359.58 356.56 3.02 76.53 572 97,986.24
- -----------------------------------------------------------------------------------------------------------------------------------
1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Documentation Level Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FULL 1,395 80.73 133,329,849.42 79.44 10.044 359.74 356.89 2.84 80.54 577 95,576.95
LIMITED 67 3.88 7,992,568.77 4.76 9.737 360.00 356.56 3.44 74.66 593 119,292.07
NO RATIO 4 0.23 369,015.51 0.22 9.955 360.00 356.52 3.48 52.52 555 92,253.88
STATED INCOME 262 15.16 26,148,520.43 15.58 9.932 360.00 356.55 3.45 70.88 593 99,803.51
- -----------------------------------------------------------------------------------------------------------------------------------
1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Occupancy Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INVESTOR 128 7.41 9,698,217.33 5.78 10.008 360.00 356.87 3.13 69.04 616 75,767.32
PRIMARY 1,591 92.07 157,396,814.45 93.78 10.015 359.78 356.82 2.96 79.32 578 98,929.49
SECOND HOME 9 0.52 744,922.35 0.44 9.206 360.00 357.56 2.44 71.07 566 82,769.15
- -----------------------------------------------------------------------------------------------------------------------------------
1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Lien Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
- -----------------------------------------------------------------------------------------------------------------------------------
1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Product Type Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2/28 LIBOR 1,026 59.38 96,204,880.36 57.32 10.018 360.00 356.76 3.24 77.55 579 93,766.94
3/27 LIBOR 660 38.19 67,269,585.04 40.08 10.060 360.00 357.56 2.44 80.34 581 101,923.61
6 Month LIBOR 21 1.22 2,201,055.56 1.31 9.391 360.00 353.06 6.94 73.77 592 104,812.17
1/1 Yr CMT 17 0.98 1,968,219.77 1.17 8.713 360.00 356.94 3.06 85.14 590 115,777.63
3/12 LIBOR 4 0.23 196,213.40 0.12 10.291 180.00 176.79 3.21 65.80 556 49,053.35
- -----------------------------------------------------------------------------------------------------------------------------------
1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 5
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Conforming Pool (Group II-A) [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMCONF 1,728 167,839,954.13 97,129.60 78.69 10.011 356.82 2.97
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Margin Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2.875 - 3.000 1 0.06 203,847.08 0.12 7.450 360.00 359.00 1.00 80.00 762 203,847.08
3.001 - 3.500 1 0.06 59,466.64 0.04 8.875 360.00 359.00 1.00 70.00 661 59,466.64
3.501 - 4.000 3 0.17 335,458.16 0.20 7.933 360.00 356.68 3.32 76.18 652 111,819.39
4.001 - 4.500 20 1.16 1,986,137.16 1.18 8.939 360.00 357.23 2.77 72.03 582 99,306.86
4.501 - 5.000 55 3.18 5,491,367.85 3.27 8.897 360.00 357.44 2.56 69.37 606 99,843.05
5.001 - 5.500 161 9.32 16,723,658.64 9.96 9.323 360.00 357.28 2.72 76.22 596 103,873.66
5.501 - 6.000 259 14.99 25,413,581.91 15.14 9.647 360.00 357.04 2.96 78.01 585 98,121.94
6.001 - 6.500 499 28.88 49,991,776.88 29.79 9.990 360.00 357.25 2.75 82.99 581 100,183.92
6.501 - 7.000 427 24.71 41,635,305.12 24.81 10.254 359.42 356.40 3.02 78.56 574 97,506.57
7.001 - 7.500 180 10.42 15,904,539.85 9.48 10.704 359.30 355.64 3.66 76.42 568 88,358.55
7.501 - 8.000 78 4.51 6,447,970.42 3.84 11.058 360.00 356.58 3.42 73.61 553 82,666.29
8.001 - 8.500 28 1.62 2,684,705.57 1.60 10.776 360.00 356.17 3.83 73.57 572 95,882.34
8.501 - 9.000 12 0.69 649,035.28 0.39 11.448 360.00 357.54 2.46 77.38 558 54,086.27
9.001 - 9.500 1 0.06 120,661.23 0.07 12.740 360.00 357.00 3.00 75.00 566 120,661.23
9.501 - 10.000 2 0.12 126,610.73 0.08 12.268 360.00 358.39 1.61 66.93 594 63,305.37
11.001 - 11.250 1 0.06 65,831.61 0.04 9.250 360.00 355.00 5.00 90.00 65,831.61
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 6.397 1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Life Cap Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
12.850 - 13.000 3 0.17 454,167.80 0.27 6.407 360.00 350.87 9.13 78.39 654 151,389.27
13.001 - 13.500 3 0.17 465,103.64 0.28 7.442 360.00 358.15 1.85 79.66 689 155,034.55
13.501 - 14.000 12 0.69 1,310,466.65 0.78 7.953 360.00 357.14 2.86 63.30 587 109,205.55
14.001 - 14.500 31 1.79 3,891,508.21 2.32 8.239 360.00 357.02 2.98 73.80 610 125,532.52
14.501 - 15.000 89 5.15 9,745,804.15 5.81 8.771 359.27 356.01 3.26 75.69 603 109,503.42
15.001 - 15.500 120 6.94 12,395,475.22 7.39 9.085 360.00 356.71 3.29 78.09 590 103,295.63
15.501 - 16.000 252 14.58 26,567,349.40 15.83 9.436 360.00 356.98 3.02 78.58 582 105,425.99
16.001 - 16.500 268 15.51 26,727,210.48 15.92 9.749 359.58 356.60 2.99 79.47 583 99,728.40
16.501 - 17.000 320 18.52 31,315,924.93 18.66 10.100 359.70 356.97 2.73 79.33 581 97,862.27
17.001 - 17.500 242 14.00 21,902,991.40 13.05 10.554 360.00 357.14 2.86 81.52 574 90,508.23
17.501 - 18.000 221 12.79 20,548,217.58 12.24 10.960 359.62 356.78 2.85 80.36 566 92,978.36
18.001 - 18.500 80 4.63 5,992,435.27 3.57 11.431 360.00 357.16 2.84 76.56 561 74,905.44
18.501 - 19.000 51 2.95 3,703,417.93 2.21 11.983 360.00 357.01 2.99 72.82 551 72,616.04
19.001 - 19.500 24 1.39 1,552,996.89 0.93 12.656 360.00 356.28 3.72 69.54 548 64,708.20
19.501 - 20.000 9 0.52 849,908.80 0.51 13.212 360.00 356.07 3.93 70.65 540 94,434.31
20.001 - 20.500 3 0.17 416,975.78 0.25 13.669 360.00 356.67 3.33 73.34 519 138,991.93
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 16.603 1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Conforming Pool (Group II-A) [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMCONF 1,728 167,839,954.13 97,129.60 78.69 10.011 356.82 2.97
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Life Floor Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3.750 - 4.000 1 0.06 114,392.73 0.07 9.750 360.00 358.00 2.00 83.89 563 114,392.73
4.001 - 4.500 1 0.06 138,803.16 0.08 9.750 360.00 358.00 2.00 89.74 535 138,803.16
5.001 - 5.500 3 0.17 311,698.85 0.19 9.505 360.00 347.69 12.31 75.02 604 103,899.62
5.501 - 6.000 5 0.29 572,691.88 0.34 8.692 360.00 350.68 9.32 87.38 595 114,538.38
6.001 - 6.500 15 0.87 1,541,382.79 0.92 10.282 360.00 355.45 4.55 80.22 609 102,758.85
6.501 - 7.000 9 0.52 778,215.97 0.46 9.344 360.00 356.08 3.92 74.60 599 86,468.44
7.001 - 7.500 12 0.69 1,701,035.20 1.01 8.647 360.00 356.24 3.76 73.36 599 141,752.93
7.501 - 8.000 22 1.27 2,467,635.67 1.47 7.979 360.00 356.54 3.46 68.38 605 112,165.26
8.001 - 8.500 53 3.07 6,523,473.51 3.89 8.389 360.00 357.18 2.82 76.47 609 123,084.41
8.501 - 9.000 163 9.43 18,652,459.37 11.11 8.855 359.62 356.79 2.83 76.55 595 114,432.27
9.001 - 9.500 237 13.72 24,580,487.78 14.65 9.361 360.00 357.07 2.93 78.94 586 103,715.14
9.501 - 10.000 379 21.93 38,465,590.19 22.92 9.832 359.76 356.82 2.94 80.05 582 101,492.32
10.001 - 10.500 287 16.61 27,128,945.20 16.16 10.342 359.59 356.69 2.90 81.17 576 94,525.94
10.501 - 11.000 273 15.80 25,022,192.28 14.91 10.809 360.00 357.29 2.71 80.11 569 91,656.38
11.001 - 11.500 127 7.35 9,645,380.18 5.75 11.315 360.00 357.10 2.90 78.33 561 75,947.88
11.501 - 12.000 80 4.63 6,226,680.04 3.71 11.786 358.76 355.41 3.35 72.76 548 77,833.50
12.001 - 12.500 33 1.91 1,923,175.69 1.15 12.283 360.00 356.57 3.43 71.19 557 58,278.05
12.501 - 13.000 17 0.98 989,558.16 0.59 12.705 360.00 357.78 2.22 67.09 553 58,209.30
13.001 - 13.500 8 0.46 655,493.72 0.39 13.356 360.00 356.82 3.18 69.93 510 81,936.72
13.501 - 14.000 2 0.12 261,004.12 0.16 13.990 360.00 358.00 2.00 68.19 130,502.06
14.001 - 14.500 1 0.06 139,657.64 0.08 14.500 360.00 356.00 4.00 65.00 579 139,657.64
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 9.923 1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Initial Adj. Cap Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1.000 21 1.22 2,201,055.56 1.31 9.391 360.00 353.06 6.94 73.77 592 104,812.17
2.000 17 0.98 1,968,219.77 1.17 8.713 360.00 356.94 3.06 85.14 590 115,777.63
3.000 1,690 97.80 163,670,678.80 97.52 10.035 359.78 356.87 2.91 78.68 580 96,846.56
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 2.962 1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Periodic Adj. Cap Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1.000 1,462 84.61 139,895,517.10 83.35 10.007 359.75 356.99 2.76 78.81 580 95,687.77
1.500 247 14.29 25,850,554.84 15.40 10.137 360.00 355.91 4.09 77.70 582 104,658.12
2.000 18 1.04 2,003,007.90 1.19 8.720 360.00 356.88 3.12 84.09 590 111,278.22
3.000 1 0.06 90,874.29 0.05 9.850 360.00 357.00 3.00 65.00 508 90,874.29
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 1.090 1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page [7]
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Conforming Pool (Group II-A) [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMCONF 1,728 167,839,954.13 97,129.60 78.69 10.011 356.82 2.97
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
Months to Roll
--------------
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Months to Roll Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 - 6 25 1.45 2,729,955.02 1.63 9.373 360.00 352.08 7.92 75.18 587 109,198.20
7 - 12 24 1.39 2,522,656.18 1.50 9.140 360.00 353.93 6.07 82.28 591 105,110.67
13 - 24 1,015 58.74 95,121,544.49 56.67 10.018 360.00 356.89 3.11 77.56 579 93,715.81
25 - 36 664 38.43 67,465,798.44 40.20 10.061 359.48 357.03 2.44 80.30 581 101,605.12
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 26 1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
<CAPTION>
Days Late
---------
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Days Late Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0 - 29 1,536 88.89 149,684,796.92 89.18 9.979 359.76 356.94 2.83 78.78 582 97,451.04
30 - 47 192 11.11 18,155,157.21 10.82 10.281 360.00 355.88 4.12 78.02 566 94,558.11
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 3 1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
Arm Teaser Period
-----------------
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Arm Teaser Period Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
6 21 1.22 2,201,055.56 1.31 9.391 360.00 353.06 6.94 73.77 592 104,812.17
12 17 0.98 1,968,219.77 1.17 8.713 360.00 356.94 3.06 85.14 590 115,777.63
24 1,026 59.38 96,204,880.36 57.32 10.018 360.00 356.76 3.24 77.55 579 93,766.94
36 664 38.43 67,465,798.44 40.20 10.061 359.48 357.03 2.44 80.30 581 101,605.12
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 28 1,728 100.00 167,839,954.13 100.00 10.011 359.79 356.82 2.97 78.69 580 97,129.60
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 8
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Fixed Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXED 3,756 320,583,965.12 85,352.49 77.91 10.068 244.74 2.33
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Current Balance Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
11,160.01 - 20,000.00 29 0.77 477,931.55 0.15 11.780 177.42 174.79 2.63 66.06 610 16,480.40
20,000.01 - 40,000.00 643 17.12 20,598,972.95 6.43 10.884 242.96 240.68 2.28 70.62 598 32,035.73
40,000.01 - 60,000.00 884 23.54 44,757,902.24 13.96 10.575 246.69 244.40 2.29 76.44 595 50,631.11
60,000.01 - 80,000.00 730 19.44 50,911,883.49 15.88 10.297 246.08 243.93 2.15 77.58 596 69,742.31
80,000.01 - 100,000.00 455 12.11 40,944,376.00 12.77 10.047 246.64 244.24 2.40 78.21 598 89,987.64
100,000.01 - 120,000.00 305 8.12 33,492,374.68 10.45 9.962 232.16 229.94 2.22 79.76 600 109,811.06
120,000.01 - 140,000.00 220 5.86 28,693,188.14 8.95 9.891 247.79 245.47 2.32 79.33 607 130,423.58
140,000.01 - 160,000.00 147 3.91 22,099,551.17 6.89 9.746 249.42 247.13 2.29 79.41 601 150,337.08
160,000.01 - 180,000.00 101 2.69 17,275,145.79 5.39 9.903 258.57 256.08 2.49 80.18 598 171,041.05
180,000.01 - 200,000.00 61 1.62 11,590,532.86 3.62 9.844 239.69 236.80 2.89 77.90 605 190,008.74
200,000.01 - 220,000.00 36 0.96 7,586,285.50 2.37 9.447 275.26 273.02 2.24 80.17 619 210,730.15
220,000.01 - 240,000.00 31 0.83 7,132,307.56 2.22 9.425 267.34 264.92 2.42 79.53 619 230,074.44
240,000.01 - 260,000.00 30 0.80 7,451,058.14 2.32 9.749 216.11 213.67 2.43 78.03 588 248,368.60
260,000.01 - 280,000.00 25 0.67 6,778,367.70 2.11 9.311 267.11 264.67 2.44 80.77 604 271,134.71
280,000.01 - 300,000.00 14 0.37 4,110,260.65 1.28 9.667 244.38 242.38 2.00 84.68 613 293,590.05
300,000.01 - 320,000.00 12 0.32 3,692,784.74 1.15 9.826 285.61 282.94 2.67 79.92 599 307,732.06
320,000.01 - 340,000.00 11 0.29 3,630,360.81 1.13 8.929 250.53 247.52 3.01 78.88 625 330,032.80
340,000.01 - 360,000.00 5 0.13 1,750,983.67 0.55 9.294 180.00 178.21 1.79 70.49 630 350,196.73
360,000.01 - 380,000.00 1 0.03 372,716.45 0.12 9.250 360.00 356.00 4.00 90.00 667 372,716.45
380,000.01 - 400,000.00 2 0.05 778,138.36 0.24 8.639 180.00 178.50 1.50 77.50 646 389,069.18
400,000.01 - 420,000.00 3 0.08 1,230,826.94 0.38 8.863 238.82 235.49 3.33 70.73 602 410,275.65
420,000.01 - 440,000.00 1 0.03 438,900.59 0.14 9.500 360.00 355.00 5.00 80.00 651 438,900.59
440,000.01 - 460,000.00 2 0.05 899,627.35 0.28 10.313 270.00 269.00 1.00 77.32 598 449,813.68
460,000.01 - 480,000.00 4 0.11 1,885,316.78 0.59 9.224 269.94 266.94 3.00 72.31 654 471,329.20
480,000.01 - 500,000.00 3 0.08 1,485,425.63 0.46 9.719 360.00 357.00 3.00 72.18 598 495,141.88
500,000.01 - 518,745.38 1 0.03 518,745.38 0.16 10.000 180.00 179.00 1.00 80.00 555 518,745.38
- ------------------------------------------------------------------------------------------------------------------------------------
3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page [1]
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Fixed Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXED 3,756 320,583,965.12 85,352.49 77.91 10.068 244.74 2.33
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Original Balance Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
11,200.00 - 20,000.00 28 0.75 463,079.00 0.14 11.817 177.34 174.82 2.52 66.10 611 16,538.54
20,000.01 - 40,000.00 644 17.15 20,613,825.50 6.43 10.884 242.91 240.63 2.28 70.62 598 32,009.05
40,000.01 - 60,000.00 884 23.54 44,757,902.24 13.96 10.575 246.69 244.40 2.29 76.44 595 50,631.11
60,000.01 - 80,000.00 728 19.38 50,752,080.19 15.83 10.295 246.29 244.14 2.15 77.57 596 69,714.40
80,000.01 - 100,000.00 456 12.14 41,004,430.98 12.79 10.051 246.11 243.72 2.38 78.25 598 89,922.00
100,000.01 - 120,000.00 306 8.15 33,592,123.00 10.48 9.963 232.54 230.30 2.24 79.72 600 109,778.18
120,000.01 - 140,000.00 218 5.80 28,413,198.15 8.86 9.895 247.57 245.26 2.31 79.42 607 130,335.77
140,000.01 - 160,000.00 148 3.94 22,220,473.99 6.93 9.736 250.18 247.90 2.28 79.41 603 150,138.34
160,000.01 - 180,000.00 102 2.72 17,434,212.96 5.44 9.909 257.86 255.35 2.51 80.03 597 170,923.66
180,000.01 - 200,000.00 61 1.62 11,590,532.86 3.62 9.844 239.69 236.80 2.89 77.90 605 190,008.74
200,000.01 - 220,000.00 36 0.96 7,586,285.50 2.37 9.447 275.26 273.02 2.24 80.17 619 210,730.15
220,000.01 - 240,000.00 31 0.83 7,132,307.56 2.22 9.425 267.34 264.92 2.42 79.53 619 230,074.44
240,000.01 - 260,000.00 30 0.80 7,451,058.14 2.32 9.749 216.11 213.67 2.43 78.03 588 248,368.60
260,000.01 - 280,000.00 25 0.67 6,778,367.70 2.11 9.311 267.11 264.67 2.44 80.77 604 271,134.71
280,000.01 - 300,000.00 14 0.37 4,110,260.65 1.28 9.667 244.38 242.38 2.00 84.68 613 293,590.05
300,000.01 - 320,000.00 12 0.32 3,692,784.74 1.15 9.826 285.61 282.94 2.67 79.92 599 307,732.06
320,000.01 - 340,000.00 11 0.29 3,630,360.81 1.13 8.929 250.53 247.52 3.01 78.88 625 330,032.80
340,000.01 - 360,000.00 5 0.13 1,750,983.67 0.55 9.294 180.00 178.21 1.79 70.49 630 350,196.73
360,000.01 - 380,000.00 1 0.03 372,716.45 0.12 9.250 360.00 356.00 4.00 90.00 667 372,716.45
380,000.01 - 400,000.00 2 0.05 778,138.36 0.24 8.639 180.00 178.50 1.50 77.50 646 389,069.18
400,000.01 - 420,000.00 2 0.05 811,777.33 0.25 9.309 269.19 266.20 2.99 65.95 607 405,888.67
420,000.01 - 440,000.00 2 0.05 857,950.20 0.27 8.767 272.08 267.57 4.51 80.00 622 428,975.10
440,000.01 - 460,000.00 2 0.05 899,627.35 0.28 10.313 270.00 269.00 1.00 77.32 598 449,813.68
460,000.01 - 480,000.00 4 0.11 1,885,316.78 0.59 9.224 269.94 266.94 3.00 72.31 654 471,329.20
480,000.01 - 500,000.00 3 0.08 1,485,425.63 0.46 9.719 360.00 357.00 3.00 72.18 598 495,141.88
500,000.01 - 520,000.00 1 0.03 518,745.38 0.16 10.000 180.00 179.00 1.00 80.00 555 518,745.38
- ------------------------------------------------------------------------------------------------------------------------------------
3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page [6]
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Fixed Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXED 3,756 320,583,965.12 85,352.49 77.91 10.068 244.74 2.33
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Current Rate Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
6.870 - 6.999 4 0.11 312,349.49 0.10 6.938 180.00 177.26 2.74 44.30 660 78,087.37
7.000 - 7.499 5 0.13 799,263.67 0.25 7.370 263.60 261.56 2.04 79.51 680 159,852.73
7.500 - 7.999 47 1.25 6,134,739.69 1.91 7.757 267.81 265.29 2.52 64.91 651 130,526.38
8.000 - 8.499 135 3.59 14,555,765.89 4.54 8.232 270.05 267.48 2.57 73.47 637 107,820.49
8.500 - 8.999 450 11.98 47,633,522.01 14.86 8.740 242.77 240.44 2.33 75.02 626 105,852.27
9.000 - 9.499 365 9.72 38,148,119.47 11.90 9.208 241.64 239.16 2.48 77.07 620 104,515.40
9.500 - 9.999 665 17.71 60,551,585.64 18.89 9.725 250.33 248.16 2.16 77.64 606 91,055.02
10.000 - 10.499 382 10.17 32,987,276.42 10.29 10.205 245.90 243.48 2.42 79.62 598 86,354.13
10.500 - 10.999 622 16.56 50,086,474.63 15.62 10.689 254.31 251.97 2.34 81.16 581 80,524.88
11.000 - 11.499 304 8.09 22,368,523.50 6.98 11.181 237.21 234.93 2.28 81.44 573 73,580.67
11.500 - 11.999 321 8.55 21,460,208.18 6.69 11.677 233.73 231.40 2.32 80.34 570 66,854.23
12.000 - 12.499 193 5.14 11,436,067.44 3.57 12.157 254.53 252.28 2.26 77.50 564 59,254.24
12.500 - 12.999 142 3.78 8,035,908.75 2.51 12.690 238.39 236.17 2.22 79.29 564 56,590.91
13.000 - 13.499 65 1.73 3,335,476.96 1.04 13.166 227.52 224.80 2.72 78.32 552 51,315.03
13.500 - 13.999 33 0.88 1,687,824.13 0.53 13.645 220.58 218.68 1.90 72.77 561 51,146.19
14.000 - 14.499 15 0.40 627,458.57 0.20 14.059 322.91 320.69 2.21 65.16 552 41,830.57
14.500 - 14.990 8 0.21 423,400.68 0.13 14.727 223.52 220.45 3.08 79.06 611 52,925.09
- ------------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 10.068 3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Original Term Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
60 - 60 1 0.03 25,681.64 0.01 12.000 60.00 59.00 1.00 43.33 563 25,681.64
61 - 120 28 0.75 1,376,526.75 0.43 10.144 120.00 117.99 2.01 74.14 595 49,161.67
121 - 180 2,311 61.53 195,799,433.43 61.08 10.097 179.93 177.67 2.26 78.60 599 84,724.98
181 - 240 75 2.00 4,938,641.19 1.54 10.099 240.00 237.34 2.66 76.78 608 65,848.55
241 - 300 3 0.08 234,346.03 0.07 9.696 300.00 297.55 2.45 76.16 560 78,115.34
301 - 360 1,338 35.62 118,209,336.08 36.87 10.018 359.99 357.54 2.45 76.88 604 88,347.78
- ------------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 247 3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
<CAPTION>
% By Average
Stated Remaining % By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Term Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
59 - 60 1 0.03 25,681.64 0.01 12.000 60.00 59.00 1.00 43.33 563 25,681.64
61 - 120 28 0.75 1,376,526.75 0.43 10.144 120.00 117.99 2.01 74.14 595 49,161.67
121 - 180 2,311 61.53 195,799,433.43 61.08 10.097 179.93 177.67 2.26 78.60 599 84,724.98
181 - 240 75 2.00 4,938,641.19 1.54 10.099 240.00 237.34 2.66 76.78 608 65,848.55
241 - 300 3 0.08 234,346.03 0.07 9.696 300.00 297.55 2.45 76.16 560 78,115.34
301 - 360 1,338 35.62 118,209,336.08 36.87 10.018 359.99 357.54 2.45 76.88 604 88,347.78
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 245 3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page [2]
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Fixed Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXED 3,756 320,583,965.12 85,352.49 77.91 10.068 244.74 2.33
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Seasoning Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0 - 12 3,751 99.87 319,997,241.50 99.82 10.067 247.04 244.73 2.30 77.90 601 85,309.85
13 - 20 5 0.13 586,723.62 0.18 10.663 264.77 246.63 18.14 87.90 595 117,344.72
- ------------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 2 3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 4
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Fixed Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXED 3,756 320,583,965.12 85,352.49 77.91 10.068 244.74 2.33
- ------------------------------------------------------------------------------------------------------------------------------------
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
State Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AK 2 0.05 74,781.83 0.02 8.501 180.00 179.01 0.99 26.50 544 37,390.92
AR 12 0.32 791,335.73 0.25 10.841 228.38 225.48 2.90 79.09 590 65,944.64
AZ 83 2.21 6,110,458.22 1.91 9.917 247.38 245.01 2.37 77.71 607 73,619.98
CA 309 8.23 40,619,381.57 12.67 9.572 294.77 292.19 2.58 75.51 613 131,454.31
CO 68 1.81 7,318,701.54 2.28 9.599 266.62 264.18 2.44 76.96 595 107,627.96
CT 46 1.22 3,765,764.00 1.17 10.093 217.17 214.56 2.62 76.75 589 81,864.43
DC 9 0.24 1,092,005.84 0.34 9.994 211.62 209.01 2.61 79.21 598 121,333.98
DE 17 0.45 1,712,662.77 0.53 9.976 202.14 200.12 2.01 78.81 614 100,744.87
FL 283 7.53 23,882,115.63 7.45 10.001 267.10 264.69 2.41 79.54 605 84,389.10
GA 160 4.26 14,006,464.89 4.37 10.303 252.25 250.29 1.96 79.42 596 87,540.41
HI 17 0.45 3,035,346.76 0.95 8.879 324.43 321.96 2.47 69.35 644 178,549.81
IA 62 1.65 3,952,525.32 1.23 10.258 209.17 207.11 2.06 77.46 594 63,750.41
ID 15 0.40 1,109,993.55 0.35 9.848 248.39 246.25 2.14 78.03 601 73,999.57
IL 116 3.09 9,087,784.08 2.83 10.350 216.00 213.86 2.13 76.43 609 78,342.97
IN 85 2.26 5,153,875.88 1.61 10.405 259.83 257.63 2.20 77.84 583 60,633.83
KS 81 2.16 6,864,439.57 2.14 9.978 199.64 197.68 1.96 81.05 606 84,746.17
KY 34 0.91 2,230,346.03 0.70 9.834 237.74 235.80 1.95 77.66 601 65,598.41
LA 109 2.90 7,595,184.51 2.37 10.391 251.26 249.21 2.06 78.75 594 69,680.59
MA 24 0.64 2,667,564.85 0.83 9.747 240.48 238.25 2.22 72.89 600 111,148.54
MD 57 1.52 6,262,530.45 1.95 9.995 199.77 196.96 2.81 79.25 595 109,868.96
MI 163 4.34 11,803,656.11 3.68 10.422 215.93 213.70 2.23 75.58 592 72,415.07
MN 93 2.48 8,512,155.03 2.66 10.185 248.40 246.19 2.21 78.29 600 91,528.55
MO 171 4.55 11,487,482.25 3.58 10.727 194.21 192.10 2.11 80.73 596 67,178.26
MS 42 1.12 2,774,842.76 0.87 10.495 261.47 258.73 2.74 80.56 599 66,067.68
MT 5 0.13 373,320.16 0.12 9.997 296.22 294.97 1.25 80.39 608 74,664.03
NC 141 3.75 10,494,272.62 3.27 9.997 243.60 241.33 2.27 79.42 592 74,427.47
ND 2 0.05 80,782.29 0.03 10.199 252.08 250.28 1.80 87.00 645 40,391.15
NE 29 0.77 2,316,511.70 0.72 10.635 202.02 199.79 2.24 75.33 597 79,879.71
NJ 64 1.70 7,821,581.42 2.44 9.977 240.29 237.45 2.85 76.68 594 122,212.21
NM 43 1.14 3,691,313.66 1.15 9.660 203.02 200.76 2.26 76.23 610 85,844.50
NV 16 0.43 1,483,360.11 0.46 10.142 275.59 272.41 3.18 80.06 592 92,710.01
NY 57 1.52 7,386,192.48 2.30 10.532 282.38 279.93 2.45 78.78 590 129,582.32
OH 173 4.61 11,377,005.90 3.55 10.408 216.65 214.18 2.47 79.29 599 65,763.04
OK 77 2.05 5,729,378.62 1.79 10.158 244.82 242.75 2.07 80.25 621 74,407.51
OR 81 2.16 8,377,476.40 2.61 9.383 213.12 210.73 2.39 74.51 604 103,425.63
PA 187 4.98 12,607,172.56 3.93 10.406 234.79 232.53 2.26 79.54 603 67,418.04
RI 9 0.24 1,061,041.16 0.33 10.660 266.28 263.89 2.39 77.24 570 117,893.46
SC 42 1.12 3,465,237.93 1.08 10.052 208.26 206.18 2.08 80.63 591 82,505.67
SD 2 0.05 76,878.73 0.02 11.828 267.51 265.99 1.51 85.00 560 38,439.37
TN 149 3.97 11,202,375.78 3.49 10.089 231.72 229.59 2.13 80.34 595 75,183.73
TX 298 7.93 20,487,019.97 6.39 10.426 283.44 281.16 2.28 78.25 596 68,748.39
UT 32 0.85 3,119,848.57 0.97 9.985 269.92 267.63 2.29 76.29 598 97,495.27
VA 148 3.94 14,639,900.18 4.57 9.913 232.27 230.09 2.18 78.94 604 98,918.24
VT 1 0.03 67,931.24 0.02 12.625 180.00 176.00 4.00 85.00 539 67,931.24
WA 76 2.02 8,402,627.49 2.62 9.322 240.38 237.59 2.79 74.16 607 110,560.89
WI 33 0.88 2,531,768.47 0.79 10.456 218.73 216.49 2.24 79.44 597 76,720.26
WV 29 0.77 1,590,783.45 0.50 11.135 225.48 223.25 2.23 80.06 584 54,854.60
WY 4 0.11 288,785.06 0.09 10.917 180.00 177.87 2.13 75.01 577 72,196.27
- ------------------------------------------------------------------------------------------------------------------------------------
3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 15
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Fixed Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXED 3,756 320,583,965.12 85,352.49 77.91 10.068 244.74 2.33
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
Combined Loan % By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
To Value Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
11.36 - 20.00 4 0.11 160,895.99 0.05 9.812 285.39 282.82 2.58 14.64 578 40,224.00
20.01 - 30.00 29 0.77 1,621,196.00 0.51 9.442 263.52 260.85 2.67 25.78 594 55,903.31
30.01 - 40.00 53 1.41 2,456,457.38 0.77 9.544 265.49 263.48 2.01 36.00 620 46,348.25
40.01 - 50.00 104 2.77 6,096,960.82 1.90 10.093 257.61 255.35 2.27 46.03 593 58,624.62
50.01 - 60.00 189 5.03 13,518,449.40 4.22 9.541 260.25 258.17 2.08 56.21 607 71,526.19
60.01 - 70.00 576 15.34 43,354,163.97 13.52 9.924 257.50 255.08 2.42 66.88 602 75,267.65
70.01 - 80.00 1,553 41.35 141,738,956.80 44.21 9.855 243.64 241.32 2.32 77.87 604 91,267.84
80.01 - 90.00 1,145 30.48 101,316,106.77 31.60 10.548 246.96 244.61 2.35 87.70 591 88,485.68
92.01 - 93.00 3 0.08 441,615.72 0.14 8.610 180.00 177.45 2.55 92.80 616 147,205.24
93.01 - 94.00 1 0.03 117,833.50 0.04 9.750 180.00 177.00 3.00 93.65 627 117,833.50
94.01 - 95.00 82 2.18 9,065,874.00 2.83 9.583 225.30 222.95 2.35 94.99 645 110,559.44
95.01 - 96.00 1 0.03 35,386.28 0.01 13.125 180.00 179.00 1.00 95.47 682 35,386.28
96.01 - 97.00 1 0.03 30,463.20 0.01 12.250 180.00 177.00 3.00 96.15 704 30,463.20
99.01 - 100.00 15 0.40 629,605.29 0.20 13.308 189.14 186.20 2.95 99.96 703 41,973.69
- ------------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 77.91 3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Fico Score Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0 - 250 216 5.75 15,921,754.54 4.97 10.749 280.11 277.45 2.65 77.04 73,711.83
401 - 450 9 0.24 768,124.54 0.24 10.999 209.21 207.13 2.08 68.86 437 85,347.17
451 - 500 154 4.10 11,764,917.31 3.67 10.858 243.68 241.39 2.29 78.60 485 76,395.57
501 - 550 698 18.58 56,641,900.71 17.67 10.714 243.75 241.40 2.34 77.91 529 81,148.85
551 - 600 1,022 27.21 87,403,278.80 27.26 10.146 243.41 241.18 2.23 78.10 576 85,521.80
601 - 650 935 24.89 83,088,708.12 25.92 9.778 244.48 242.16 2.32 77.95 624 88,864.93
651 - 700 489 13.02 45,833,176.80 14.30 9.488 249.98 247.63 2.35 77.62 672 93,728.38
701 - 750 174 4.63 14,403,781.67 4.49 9.441 249.74 247.12 2.61 78.26 722 82,780.35
751 - 800 55 1.46 4,456,700.42 1.39 9.074 261.92 259.45 2.47 78.72 769 81,030.92
801 - 819 4 0.11 301,622.21 0.09 9.659 340.18 336.57 3.60 76.73 812 75,405.55
- ------------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 571 3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Grade Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A 822 21.88 82,027,260.04 25.59 9.197 235.72 233.31 2.40 77.50 633 99,789.85
A+ 173 4.61 15,664,130.15 4.89 8.755 253.65 251.39 2.26 77.71 672 90,544.10
A- 1,580 42.07 140,943,455.75 43.96 10.143 248.40 246.11 2.28 80.28 596 89,204.72
B 643 17.12 47,444,468.22 14.80 10.740 259.50 257.21 2.29 76.02 566 73,786.11
C 464 12.35 29,224,857.10 9.12 11.376 247.63 245.22 2.41 73.70 552 62,984.61
D 74 1.97 5,279,793.86 1.65 12.232 253.68 250.91 2.77 62.05 542 71,348.57
- ------------------------------------------------------------------------------------------------------------------------------------
3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Fixed Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXED 3,756 320,583,965.12 85,352.49 77.91 10.068 244.74 2.33
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Property Type Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2-4 UNITS 205 5.46 17,927,005.00 5.59 10.035 249.28 246.79 2.49 77.49 621 87,448.80
CONDO - HIGH RISE 19 0.51 1,699,325.24 0.53 9.716 293.90 291.15 2.76 76.49 632 89,438.17
CONDO - LOW RISE 115 3.06 7,664,500.10 2.39 9.868 248.53 245.51 3.02 80.05 618 66,647.83
MANUFACTURED HOME 211 5.62 12,926,134.49 4.03 10.005 236.35 234.24 2.10 76.88 593 61,261.30
PUD 148 3.94 19,220,945.34 6.00 9.703 259.39 257.15 2.24 79.72 603 129,871.25
PUD - DEMINIMUS 1 0.03 104,962.56 0.03 11.500 180.00 178.00 2.00 90.00 550 104,962.56
SINGLE FAMILY ATTACHED 89 2.37 5,377,047.78 1.68 10.357 231.06 228.81 2.25 76.86 613 60,416.27
SINGLE FAMILY DETACHED 2,938 78.22 253,704,373.99 79.14 10.103 246.34 244.02 2.32 77.84 599 86,352.75
TOWNHOUSE 30 0.80 1,959,670.62 0.61 10.028 272.28 270.19 2.09 75.94 608 65,322.35
- ------------------------------------------------------------------------------------------------------------------------------------
3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Loan Purpose Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PURCHASE 1,103 29.37 93,975,196.38 29.31 10.411 234.89 232.48 2.42 83.28 611 85,199.63
REFINANCE 506 13.47 49,026,341.97 15.29 9.688 258.70 256.40 2.30 77.96 610 96,890.00
REFINANCE - CASH OUT 2,147 57.16 177,582,426.77 55.39 9.992 250.30 248.00 2.30 75.06 594 82,711.89
- ------------------------------------------------------------------------------------------------------------------------------------
3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Documentation Level Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FULL 3,011 80.17 243,035,128.88 75.81 10.219 246.66 244.36 2.30 80.20 594 80,715.75
LIMITED 273 7.27 31,274,267.44 9.76 9.371 232.90 230.46 2.43 74.05 628 114,557.76
NO RATIO 20 0.53 1,225,468.71 0.38 10.272 275.01 272.41 2.61 58.72 641 61,273.44
STATED INCOME 452 12.03 45,049,100.09 14.05 9.732 258.36 255.94 2.42 68.77 615 99,666.15
- ------------------------------------------------------------------------------------------------------------------------------------
3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Occupancy Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INVESTOR 351 9.35 21,177,225.38 6.61 10.020 253.02 250.77 2.25 73.46 642 60,333.98
PRIMARY 3,384 90.10 297,227,943.87 92.71 10.077 246.51 244.18 2.34 78.33 598 87,833.32
SECOND HOME 21 0.56 2,178,795.87 0.68 9.276 264.91 262.38 2.52 64.97 639 103,752.18
- ------------------------------------------------------------------------------------------------------------------------------------
3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Lien Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 3,664 97.55 316,865,705.34 98.84 10.045 247.76 245.44 2.33 77.89 601 86,480.81
2 92 2.45 3,718,259.78 1.16 11.998 187.98 184.99 2.99 80.42 627 40,415.87
- ------------------------------------------------------------------------------------------------------------------------------------
3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 7
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Fixed Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXED 3,756 320,583,965.12 85,352.49 77.91 10.068 244.74 2.33
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Product Type Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
15/30 BAL 1,889 50.29 169,495,142.75 52.87 10.165 180.00 177.74 2.26 79.65 598 89,727.44
30YR FIX 1,338 35.62 118,209,336.08 36.87 10.018 359.99 357.54 2.45 76.88 604 88,347.78
15YR FIX 415 11.05 25,917,834.64 8.08 9.662 180.00 177.74 2.26 71.90 603 62,452.61
20YR FIX 75 2.00 4,938,641.19 1.54 10.099 240.00 237.34 2.66 76.78 608 65,848.55
10YR FIX 28 0.75 1,376,526.75 0.43 10.144 120.00 117.99 2.01 74.14 595 49,161.67
12YR FIX 7 0.19 386,456.04 0.12 9.424 144.00 141.78 2.22 65.65 626 55,208.01
25YR FIX 3 0.08 234,346.03 0.07 9.696 300.00 297.55 2.45 76.16 560 78,115.34
5YR FIX 1 0.03 25,681.64 0.01 12.000 60.00 59.00 1.00 43.33 563 25,681.64
- -----------------------------------------------------------------------------------------------------------------------------------
3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Balloon Loan Flag Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FULLY AMORTIZING (N) 1,867 49.71 151,088,822.37 47.13 9.959 322.31 319.89 2.42 75.96 604 80,925.99
PARTIALLY
AMORTIZING (Y) 1,889 50.29 169,495,142.75 52.87 10.165 180.00 177.74 2.26 79.65 598 89,727.44
- ------------------------------------------------------------------------------------------------------------------------------------
3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Days Late Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0 - 29 3,479 92.63 296,674,630.22 92.54 10.019 247.20 244.94 2.26 77.72 603 85,275.84
30 - 57 277 7.37 23,909,334.90 7.46 10.683 245.46 242.17 3.29 80.33 570 86,315.29
- ------------------------------------------------------------------------------------------------------------------------------------
3,756 100.00 320,583,965.12 100.00 10.068 247.07 244.74 2.33 77.91 601 85,352.49
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 8
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMS 1,998 232,387,855.82 116,310.24 78.42 9.959 356.82 2.99
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Current Balance Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
17,975.62 - 20,000.00 5 0.25 95,137.97 0.04 11.536 360.00 357.43 2.57 61.57 598 19,027.59
20,000.01 - 40,000.00 145 7.26 4,827,364.91 2.08 10.717 358.52 355.41 3.11 69.08 577 33,292.17
40,000.01 - 60,000.00 333 16.67 17,184,763.01 7.39 10.372 359.01 356.12 2.89 74.46 573 51,605.89
60,000.01 - 80,000.00 345 17.27 24,095,041.20 10.37 10.179 359.21 356.21 3.00 77.67 575 69,840.70
80,000.01 - 100,000.00 277 13.86 24,916,912.82 10.72 10.106 360.00 357.22 2.78 79.25 575 89,952.75
100,000.01 - 120,000.00 244 12.21 26,730,390.81 11.50 9.956 360.00 356.92 3.08 80.13 581 109,550.78
120,000.01 - 140,000.00 158 7.91 20,634,126.75 8.88 10.134 360.00 357.27 2.73 79.97 578 130,595.74
140,000.01 - 160,000.00 117 5.86 17,475,411.77 7.52 9.736 360.00 357.34 2.66 79.56 581 149,362.49
160,000.01 - 180,000.00 88 4.40 14,946,296.24 6.43 9.826 360.00 356.68 3.32 80.53 583 169,844.28
180,000.01 - 200,000.00 62 3.10 11,846,078.13 5.10 9.953 360.00 356.75 3.25 77.55 581 191,065.78
200,000.01 - 220,000.00 38 1.90 7,941,548.67 3.42 9.444 360.00 357.10 2.90 80.15 586 208,988.12
220,000.01 - 240,000.00 46 2.30 10,568,103.58 4.55 9.717 360.00 356.79 3.21 81.79 589 229,741.38
240,000.01 - 260,000.00 19 0.95 4,747,549.80 2.04 9.647 360.00 356.67 3.33 79.66 554 249,871.04
260,000.01 - 280,000.00 15 0.75 4,063,031.96 1.75 9.791 360.00 357.40 2.60 80.15 619 270,868.80
280,000.01 - 300,000.00 17 0.85 4,978,792.63 2.14 9.713 360.00 356.35 3.65 78.08 554 292,870.15
300,000.01 - 320,000.00 14 0.70 4,326,923.49 1.86 9.877 360.00 356.94 3.06 80.68 591 309,065.96
320,000.01 - 340,000.00 11 0.55 3,623,295.53 1.56 9.787 360.00 357.36 2.64 81.52 575 329,390.50
340,000.01 - 360,000.00 10 0.50 3,522,025.76 1.52 9.805 360.00 357.21 2.79 80.90 587 352,202.58
360,000.01 - 380,000.00 8 0.40 2,959,920.23 1.27 9.703 360.00 357.61 2.39 76.34 580 369,990.03
380,000.01 - 400,000.00 6 0.30 2,367,865.72 1.02 9.697 360.00 356.49 3.51 76.55 566 394,644.29
400,000.01 - 420,000.00 6 0.30 2,488,163.26 1.07 9.747 360.00 357.33 2.67 76.48 611 414,693.88
420,000.01 - 440,000.00 6 0.30 2,585,050.07 1.11 9.289 360.00 357.17 2.83 75.07 618 430,841.68
440,000.01 - 460,000.00 6 0.30 2,705,469.25 1.16 10.245 360.00 355.49 4.51 78.21 556 450,911.54
460,000.01 - 480,000.00 3 0.15 1,407,065.30 0.61 9.632 360.00 356.33 3.67 80.98 562 469,021.77
480,000.01 - 500,000.00 4 0.20 1,970,582.99 0.85 9.638 360.00 354.76 5.24 73.00 563 492,645.75
540,000.01 - 560,000.00 3 0.15 1,666,483.08 0.72 10.370 360.00 359.00 1.00 74.04 568 555,494.36
560,000.01 - 580,000.00 2 0.10 1,156,720.51 0.50 9.121 360.00 357.50 2.50 78.05 594 578,360.26
580,000.01 - 600,000.00 1 0.05 599,278.40 0.26 10.500 360.00 357.00 3.00 71.43 598 599,278.40
600,000.01 - 620,000.00 1 0.05 607,186.35 0.26 10.000 360.00 357.00 3.00 81.07 611 607,186.35
620,000.01 - 640,000.00 3 0.15 1,907,760.48 0.82 9.332 360.00 356.34 3.66 73.33 579 635,920.16
640,000.01 - 660,000.00 1 0.05 648,172.39 0.28 9.990 360.00 358.00 2.00 75.00 567 648,172.39
660,000.01 - 680,000.00 2 0.10 1,327,383.33 0.57 10.183 360.00 356.50 3.50 69.45 533 663,691.67
700,000.01 - 720,000.00 1 0.05 718,627.20 0.31 8.300 360.00 357.00 3.00 60.00 589 718,627.20
740,000.01 - 749,332.23 1 0.05 749,332.23 0.32 9.990 360.00 358.00 2.00 54.54 566 749,332.23
- -----------------------------------------------------------------------------------------------------------------------------------
1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 1
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMS 1,998 232,387,855.82 116,310.24 78.42 9.959 356.82 2.99
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Original Balance Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
18,000.00 - 20,000.00 5 0.25 95,137.97 0.04 11.536 360.00 357.43 2.57 61.57 598 19,027.59
20,000.01 - 40,000.00 145 7.26 4,827,364.91 2.08 10.717 358.52 355.41 3.11 69.08 577 33,292.17
40,000.01 - 60,000.00 333 16.67 17,184,763.01 7.39 10.372 359.01 356.12 2.89 74.46 573 51,605.89
60,000.01 - 80,000.00 345 17.27 24,095,041.20 10.37 10.179 359.21 356.21 3.00 77.67 575 69,840.70
80,000.01 - 100,000.00 276 13.81 24,817,000.78 10.68 10.112 360.00 357.22 2.78 79.29 575 89,916.67
100,000.01 - 120,000.00 245 12.26 26,830,302.85 11.55 9.950 360.00 356.92 3.08 80.09 581 109,511.44
120,000.01 - 140,000.00 158 7.91 20,634,126.75 8.88 10.134 360.00 357.27 2.73 79.97 578 130,595.74
140,000.01 - 160,000.00 116 5.81 17,315,573.92 7.45 9.729 360.00 357.36 2.64 79.47 581 149,272.19
160,000.01 - 180,000.00 88 4.40 14,926,256.86 6.42 9.812 360.00 356.67 3.33 80.81 583 169,616.56
180,000.01 - 200,000.00 63 3.15 12,025,955.36 5.17 9.977 360.00 356.75 3.25 77.36 581 190,888.18
200,000.01 - 220,000.00 37 1.85 7,721,874.31 3.32 9.467 360.00 357.13 2.87 80.02 589 208,699.31
220,000.01 - 240,000.00 46 2.30 10,548,109.08 4.54 9.689 360.00 356.79 3.21 82.05 587 229,306.72
240,000.01 - 260,000.00 20 1.00 4,987,218.66 2.15 9.664 360.00 356.64 3.36 79.33 555 249,360.93
260,000.01 - 280,000.00 15 0.75 4,063,031.96 1.75 9.791 360.00 357.40 2.60 80.15 619 270,868.80
280,000.01 - 300,000.00 17 0.85 4,978,792.63 2.14 9.713 360.00 356.35 3.65 78.08 554 292,870.15
300,000.01 - 320,000.00 14 0.70 4,326,923.49 1.86 9.877 360.00 356.94 3.06 80.68 591 309,065.96
320,000.01 - 340,000.00 11 0.55 3,623,295.53 1.56 9.787 360.00 357.36 2.64 81.52 575 329,390.50
340,000.01 - 360,000.00 10 0.50 3,522,025.76 1.52 9.805 360.00 357.21 2.79 80.90 587 352,202.58
360,000.01 - 380,000.00 8 0.40 2,959,920.23 1.27 9.703 360.00 357.61 2.39 76.34 580 369,990.03
380,000.01 - 400,000.00 6 0.30 2,367,865.72 1.02 9.697 360.00 356.49 3.51 76.55 566 394,644.29
400,000.01 - 420,000.00 6 0.30 2,488,163.26 1.07 9.747 360.00 357.33 2.67 76.48 611 414,693.88
420,000.01 - 440,000.00 6 0.30 2,585,050.07 1.11 9.289 360.00 357.17 2.83 75.07 618 430,841.68
440,000.01 - 460,000.00 6 0.30 2,705,469.25 1.16 10.245 360.00 355.49 4.51 78.21 556 450,911.54
460,000.01 - 480,000.00 3 0.15 1,407,065.30 0.61 9.632 360.00 356.33 3.67 80.98 562 469,021.77
480,000.01 - 500,000.00 4 0.20 1,970,582.99 0.85 9.638 360.00 354.76 5.24 73.00 563 492,645.75
540,000.01 - 560,000.00 3 0.15 1,666,483.08 0.72 10.370 360.00 359.00 1.00 74.04 568 555,494.36
560,000.01 - 580,000.00 2 0.10 1,156,720.51 0.50 9.121 360.00 357.50 2.50 78.05 594 578,360.26
580,000.01 - 600,000.00 1 0.05 599,278.40 0.26 10.500 360.00 357.00 3.00 71.43 598 599,278.40
600,000.01 - 620,000.00 1 0.05 607,186.35 0.26 10.000 360.00 357.00 3.00 81.07 611 607,186.35
620,000.01 - 640,000.00 3 0.15 1,907,760.48 0.82 9.332 360.00 356.34 3.66 73.33 579 635,920.16
640,000.01 - 660,000.00 1 0.05 648,172.39 0.28 9.990 360.00 358.00 2.00 75.00 567 648,172.39
660,000.01 - 680,000.00 2 0.10 1,327,383.33 0.57 10.183 360.00 356.50 3.50 69.45 533 663,691.67
700,000.01 - 720,000.00 1 0.05 718,627.20 0.31 8.300 360.00 357.00 3.00 60.00 589 718,627.20
740,000.01 - 750,000.00 1 0.05 749,332.23 0.32 9.990 360.00 358.00 2.00 54.54 566 749,332.23
- -----------------------------------------------------------------------------------------------------------------------------------
1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMS 1,998 232,387,855.82 116,310.24 78.42 9.959 356.82 2.99
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Current Rate Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
5.850 - 5.999 1 0.05 233,102.37 0.10 5.850 360.00 346.00 14.00 84.28 613 233,102.37
6.500 - 6.999 1 0.05 146,114.16 0.06 6.990 360.00 356.00 4.00 68.18 695 146,114.16
7.000 - 7.499 6 0.30 592,107.23 0.25 7.260 360.00 357.34 2.66 75.16 696 98,684.54
7.500 - 7.999 21 1.05 2,769,948.59 1.19 7.822 360.00 357.05 2.95 70.71 598 131,902.31
8.000 - 8.499 44 2.20 6,807,333.62 2.93 8.280 360.00 357.43 2.57 73.39 606 154,712.13
8.500 - 8.999 194 9.71 28,767,776.63 12.38 8.800 360.00 356.93 3.07 75.53 594 148,287.51
9.000 - 9.499 224 11.21 27,687,672.44 11.91 9.246 359.74 356.59 3.16 78.95 588 123,605.68
9.500 - 9.999 510 25.53 66,258,629.93 28.51 9.760 359.74 356.73 3.01 79.45 580 129,918.88
10.000 - 10.499 280 14.01 29,853,864.50 12.85 10.237 360.00 357.14 2.86 81.30 577 106,620.94
10.500 - 10.999 389 19.47 42,776,267.51 18.41 10.719 359.74 356.81 2.93 79.99 571 109,964.70
11.000 - 11.499 138 6.91 11,485,375.13 4.94 11.222 360.00 357.07 2.93 78.09 556 83,227.36
11.500 - 11.999 114 5.71 9,069,947.02 3.90 11.691 359.15 356.04 3.11 73.97 547 79,560.94
12.000 - 12.499 36 1.80 2,985,789.63 1.28 12.114 360.00 357.55 2.45 71.55 535 82,938.60
12.500 - 12.999 26 1.30 1,774,950.10 0.76 12.657 360.00 356.75 3.25 69.03 547 68,267.31
13.000 - 13.499 8 0.40 527,657.70 0.23 13.264 360.00 356.28 3.72 67.87 517 65,957.21
13.500 - 13.999 4 0.20 472,772.85 0.20 13.771 360.00 357.55 2.45 66.76 521 118,193.21
14.000 - 14.499 1 0.05 38,888.77 0.02 14.000 360.00 357.00 3.00 60.00 626 38,888.77
14.500 - 14.500 1 0.05 139,657.64 0.06 14.500 360.00 356.00 4.00 65.00 579 139,657.64
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 9.959 1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Original Term Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
180 - 180 4 0.20 196,213.40 0.08 10.291 180.00 176.79 3.21 65.80 556 49,053.35
181 - 240 1 0.05 66,121.13 0.03 9.500 240.00 236.00 4.00 66.50 66,121.13
301 - 360 1,993 99.75 232,125,521.29 99.89 9.959 360.00 357.01 2.99 78.43 579 116,470.41
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 360 1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Stated Remaining Term Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
176 - 180 4 0.20 196,213.40 0.08 10.291 180.00 176.79 3.21 65.80 556 49,053.35
181 - 240 1 0.05 66,121.13 0.03 9.500 240.00 236.00 4.00 66.50 66,121.13
301 - 360 1,993 99.75 232,125,521.29 99.89 9.959 360.00 357.01 2.99 78.43 579 116,470.41
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 357 1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Seasoning Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0 - 12 1,985 99.35 231,047,228.14 99.42 9.962 359.81 356.89 2.92 78.44 579 116,396.59
13 - 20 13 0.65 1,340,627.68 0.58 9.343 360.00 344.74 15.26 75.81 578 103,125.21
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 3 1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMS 1,998 232,387,855.82 116,310.24 78.42 9.959 356.82 2.99
- ------------------------------------------------------------------------------------------------------------------------------------
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
State Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AK 6 0.30 691,541.41 0.30 9.362 360.00 357.57 2.43 81.45 586 115,256.90
AR 6 0.30 253,742.20 0.11 10.853 360.00 356.27 3.73 75.42 544 42,290.37
AZ 61 3.05 6,271,283.52 2.70 10.036 358.23 355.24 2.98 80.78 562 102,807.93
CA 364 18.22 65,221,924.74 28.07 9.740 360.00 356.76 3.24 77.92 584 179,181.11
CO 62 3.10 8,497,420.12 3.66 9.680 359.16 356.00 3.17 76.58 571 137,055.16
CT 28 1.40 2,854,884.64 1.23 10.331 360.00 357.07 2.93 73.58 589 101,960.17
DC 1 0.05 373,311.92 0.16 9.875 360.00 356.00 4.00 85.00 373,311.92
DE 16 0.80 1,752,616.60 0.75 9.268 360.00 357.64 2.36 80.66 582 109,538.54
FL 75 3.75 7,125,371.10 3.07 10.249 360.00 356.77 3.23 79.10 583 95,004.95
GA 24 1.20 2,548,107.46 1.10 10.078 360.00 357.45 2.55 81.79 566 106,171.14
HI 4 0.20 763,132.16 0.33 9.076 360.00 357.79 2.21 77.74 570 190,783.04
IA 17 0.85 1,263,484.46 0.54 9.898 360.00 358.10 1.90 75.24 573 74,322.62
ID 18 0.90 1,720,591.30 0.74 9.913 360.00 357.16 2.84 81.40 577 95,588.41
IL 103 5.16 11,727,908.55 5.05 9.958 360.00 356.37 3.63 75.43 593 113,863.19
IN 86 4.30 5,512,541.44 2.37 10.332 360.00 357.21 2.79 79.73 581 64,099.32
KS 18 0.90 1,768,399.48 0.76 10.496 360.00 356.92 3.08 77.30 579 98,244.42
KY 17 0.85 1,917,547.96 0.83 9.776 360.00 357.13 2.87 79.72 569 112,796.94
LA 17 0.85 1,623,442.25 0.70 10.050 360.00 358.27 1.73 78.17 555 95,496.60
MA 18 0.90 1,824,806.58 0.79 9.892 360.00 356.44 3.56 76.95 553 101,378.14
MD 24 1.20 5,618,161.08 2.42 10.010 360.00 357.86 2.14 78.15 562 234,090.05
ME 1 0.05 123,503.61 0.05 9.500 360.00 356.00 4.00 75.00 508 123,503.61
MI 106 5.31 7,862,394.41 3.38 10.313 360.00 357.28 2.72 77.94 564 74,173.53
MN 53 2.65 6,269,164.45 2.70 9.731 358.73 356.15 2.58 75.79 591 118,286.12
MO 54 2.70 3,947,953.82 1.70 10.428 357.63 354.75 2.88 81.13 581 73,110.26
MS 10 0.50 746,287.28 0.32 10.473 360.00 357.90 2.10 81.92 584 74,628.73
MT 3 0.15 278,160.03 0.12 9.906 360.00 356.92 3.08 84.75 578 92,720.01
NC 50 2.50 3,985,162.42 1.71 10.359 360.00 357.36 2.64 77.91 573 79,703.25
ND 1 0.05 29,493.35 0.01 10.500 360.00 353.00 7.00 77.89 595 29,493.35
NE 4 0.20 286,986.54 0.12 10.536 360.00 359.00 1.00 87.53 556 71,746.64
NH 3 0.15 262,484.88 0.11 10.484 360.00 355.60 4.40 85.82 566 87,494.96
NJ 24 1.20 3,296,001.39 1.42 10.725 360.00 356.85 3.15 78.84 568 137,333.39
NM 9 0.45 789,962.37 0.34 9.986 350.24 348.43 1.81 78.92 557 87,773.60
NV 35 1.75 4,037,116.74 1.74 9.834 360.00 357.24 2.76 80.21 587 115,346.19
NY 8 0.40 1,089,382.42 0.47 10.471 360.00 356.71 3.29 69.86 540 136,172.80
OH 173 8.66 14,276,465.83 6.14 10.180 360.00 357.27 2.73 80.02 572 82,522.92
OK 23 1.15 1,585,511.60 0.68 10.348 360.00 357.85 2.15 81.52 600 68,935.29
OR 66 3.30 8,199,337.27 3.53 9.854 360.00 357.80 2.20 77.86 581 124,232.38
PA 54 2.70 5,020,799.94 2.16 10.217 360.00 357.83 2.17 82.97 580 92,977.78
RI 1 0.05 193,353.64 0.08 10.750 360.00 358.00 2.00 90.00 569 193,353.64
SC 15 0.75 1,341,445.96 0.58 10.289 360.00 357.52 2.48 81.91 586 89,429.73
TN 17 0.85 1,555,601.34 0.67 9.992 360.00 357.71 2.29 84.55 573 91,505.96
TX 85 4.25 8,512,505.94 3.66 10.312 360.00 356.98 3.02 80.22 583 100,147.13
UT 57 2.85 7,866,557.53 3.39 9.780 360.00 356.08 3.92 78.74 576 138,009.78
VA 26 1.30 3,612,394.58 1.55 9.759 360.00 357.35 2.65 79.09 584 138,938.25
WA 122 6.11 15,185,352.55 6.53 9.807 360.00 356.61 3.39 77.74 575 124,470.10
WI 25 1.25 1,675,448.69 0.72 10.405 360.00 357.33 2.67 79.76 583 67,017.95
WV 6 0.30 483,807.61 0.21 9.662 360.00 357.47 2.53 80.65 598 80,634.60
WY 2 0.10 545,000.66 0.23 9.844 360.00 359.00 1.00 51.67 612 272,500.33
- -----------------------------------------------------------------------------------------------------------------------------------
1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 4
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMS 1,998 232,387,855.82 116,310.24 78.42 9.959 356.82 2.99
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
Combined Loan % By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
To Value Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
14.17 - 20.00 2 0.10 89,945.02 0.04 11.813 360.00 358.00 2.00 16.35 545 44,972.51
20.01 - 30.00 7 0.35 626,072.73 0.27 9.315 360.00 357.47 2.53 27.04 543 89,438.96
30.01 - 40.00 21 1.05 1,242,859.37 0.53 10.061 360.00 356.32 3.68 36.68 560 59,183.78
40.01 - 50.00 32 1.60 2,987,565.58 1.29 9.596 360.00 357.48 2.52 47.73 582 93,361.42
50.01 - 60.00 73 3.65 6,802,030.45 2.93 9.837 357.23 354.36 2.87 57.10 580 93,178.50
60.01 - 70.00 315 15.77 34,045,841.72 14.65 10.154 359.56 356.17 3.38 67.26 565 108,082.04
70.01 - 80.00 865 43.29 104,675,021.20 45.04 9.870 359.91 356.80 3.11 77.88 582 121,011.59
80.01 - 90.00 678 33.93 81,372,715.19 35.02 10.017 360.00 357.29 2.71 87.68 581 120,018.75
94.01 - 95.00 5 0.25 545,804.56 0.23 9.967 360.00 358.65 1.35 95.00 646 109,160.91
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 78.42 1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
<CAPTION>
% By Average
FICO Score % By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
(FICO > 0) Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
411 - 450 6 0.30 476,563.45 0.21 10.333 360.00 356.95 3.05 73.66 431 79,427.24
451 - 500 95 4.75 10,604,443.96 4.56 10.481 360.00 357.13 2.87 74.09 487 111,625.73
501 - 550 534 26.73 61,400,483.41 26.42 10.215 359.69 356.51 3.18 77.58 528 114,982.18
551 - 600 642 32.13 73,717,740.97 31.72 9.911 360.00 357.09 2.91 79.03 575 114,825.14
601 - 650 370 18.52 45,624,492.06 19.63 9.633 359.79 356.81 2.99 79.29 621 123,309.44
651 - 700 138 6.91 16,789,161.64 7.22 9.601 360.00 357.07 2.93 79.63 669 121,660.59
701 - 750 47 2.35 5,281,894.90 2.27 9.611 360.00 357.00 3.00 77.55 721 112,380.74
751 - 797 12 0.60 1,299,255.92 0.56 9.279 360.00 357.61 2.39 80.08 763 108,271.33
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 579 1,844 92.29 215,194,036.31 92.60 9.933 359.87 356.87 3.00 78.43 579 116,699.59
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Grade Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A 20 1.00 4,155,467.83 1.79 9.279 360.00 357.55 2.45 75.87 629 207,773.39
A+ 1 0.05 203,847.08 0.09 7.450 360.00 359.00 1.00 80.00 762 203,847.08
A- 948 47.45 121,669,797.84 52.36 9.669 360.00 357.08 2.92 82.08 597 128,343.67
B 498 24.92 56,345,166.20 24.25 9.941 360.00 356.84 3.16 76.65 561 113,142.90
C 421 21.07 38,956,783.28 16.76 10.618 359.18 356.14 3.03 74.07 548 92,533.93
D 110 5.51 11,056,793.59 4.76 11.221 358.99 355.90 3.09 63.47 542 100,516.31
- -----------------------------------------------------------------------------------------------------------------------------------
1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE> Page 5
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMS 1,998 232,387,855.82 116,310.24 78.42 9.959 356.82 2.99
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Property Type Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2-4 UNITS 102 5.11 9,715,240.77 4.18 10.035 360.00 356.93 3.07 73.45 604 95,247.46
CONDO - HIGH RISE 7 0.35 1,005,475.21 0.43 9.818 360.00 356.84 3.16 70.27 625 143,639.32
CONDO - LOW RISE 89 4.45 8,675,657.87 3.73 9.650 360.00 356.99 3.01 79.81 602 97,479.30
MANUFACTURED HOME 48 2.40 3,342,982.19 1.44 10.211 357.63 354.74 2.89 74.26 555 69,645.46
PUD 93 4.65 15,367,975.54 6.61 10.000 360.00 357.20 2.80 80.61 573 165,247.05
PUD - DEMINIMUS 2 0.10 479,577.54 0.21 9.779 360.00 356.00 4.00 79.02 568 239,788.77
SINGLE FAMILY ATTACHED 26 1.30 2,817,551.98 1.21 10.275 360.00 356.74 3.26 80.86 594 108,367.38
SINGLE FAMILY DETACHED 1,626 81.38 190,318,994.14 81.90 9.955 359.81 356.82 2.99 78.48 577 117,047.35
TOWNHOUSE 5 0.25 664,400.58 0.29 10.628 360.00 355.03 4.97 87.55 540 132,880.12
- -----------------------------------------------------------------------------------------------------------------------------------
1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Loan Purpose Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
PURCHASE 772 38.64 87,692,643.95 37.74 10.105 360.00 357.16 2.84 81.81 591 113,591.51
REFINANCE 245 12.26 30,552,223.61 13.15 9.844 360.00 356.91 3.09 77.36 577 124,702.95
REFINANCE - CASH OUT 981 49.10 114,142,988.26 49.12 9.877 359.62 356.54 3.08 76.10 570 116,353.71
- -----------------------------------------------------------------------------------------------------------------------------------
1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
<CAPTION>
% By Average
Documentation % By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Level Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
FULL 1,592 79.68 175,899,252.48 75.69 9.997 359.75 356.92 2.84 80.53 576 110,489.48
LIMITED 92 4.60 16,201,569.17 6.97 9.791 360.00 356.67 3.33 73.05 582 176,104.01
NO RATIO 4 0.20 369,015.51 0.16 9.955 360.00 356.52 3.48 52.52 555 92,253.88
STATED INCOME 310 15.52 39,918,018.66 17.18 9.859 360.00 356.46 3.54 71.54 590 128,767.80
- -----------------------------------------------------------------------------------------------------------------------------------
1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Occupancy Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INVESTOR 131 6.56 10,190,222.25 4.39 10.019 360.00 356.93 3.07 69.17 617 77,787.96
PRIMARY 1,858 92.99 221,452,711.22 95.29 9.958 359.80 356.81 2.99 78.87 577 119,188.76
SECOND HOME 9 0.45 744,922.35 0.32 9.206 360.00 357.56 2.44 71.07 566 82,769.15
- -----------------------------------------------------------------------------------------------------------------------------------
1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Lien Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
- -----------------------------------------------------------------------------------------------------------------------------------
1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMS 1,998 232,387,855.82 116,310.24 78.42 9.959 356.82 2.99
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Product Type Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2/28 LIBOR 1,179 59.01 132,628,686.54 57.07 9.944 360.00 356.71 3.29 77.75 577 112,492.52
3/27 LIBOR 771 38.59 94,206,768.96 40.54 10.023 360.00 357.52 2.48 79.29 581 122,187.77
1/1 CMT 22 1.10 3,089,010.23 1.33 9.012 360.00 356.79 3.21 84.90 577 140,409.56
6ML 21 1.05 2,201,055.56 0.95 9.391 360.00 353.06 6.94 73.77 592 104,812.17
3/12 LIBOR 4 0.20 196,213.40 0.08 10.291 180.00 176.79 3.21 65.80 556 49,053.35
3/17 LIBOR 1 0.05 66,121.13 0.03 9.500 240.00 236.00 4.00 66.50 66,121.13
- -----------------------------------------------------------------------------------------------------------------------------------
1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Margin Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2.875 - 3.000 1 0.05 203,847.08 0.09 7.450 360.00 359.00 1.00 80.00 762 203,847.08
3.001 - 3.500 1 0.05 59,466.64 0.03 8.875 360.00 359.00 1.00 70.00 661 59,466.64
3.501 - 4.000 4 0.20 747,270.98 0.32 9.003 360.00 357.96 2.04 60.30 639 186,817.75
4.001 - 4.500 25 1.25 3,697,085.58 1.59 9.215 360.00 357.16 2.84 70.56 573 147,883.42
4.501 - 5.000 64 3.20 8,462,525.05 3.64 9.058 359.06 356.55 2.51 71.56 607 132,226.95
5.001 - 5.500 190 9.51 24,052,522.80 10.35 9.297 360.00 357.21 2.79 75.53 592 126,592.23
5.501 - 6.000 320 16.02 41,359,523.47 17.80 9.578 360.00 356.90 3.10 77.63 585 129,248.51
6.001 - 6.500 556 27.83 63,095,473.91 27.15 9.988 360.00 357.26 2.74 82.82 581 113,481.07
6.501 - 7.000 488 24.42 55,777,345.84 24.00 10.214 359.57 356.48 3.08 79.04 570 114,297.84
7.001 - 7.500 208 10.41 22,244,634.19 9.57 10.605 359.50 355.97 3.53 75.62 561 106,945.36
7.501 - 8.000 90 4.50 8,018,919.95 3.45 11.006 360.00 356.65 3.35 74.89 555 89,099.11
8.001 - 8.500 33 1.65 3,574,634.84 1.54 10.709 360.00 356.31 3.69 74.47 567 108,322.27
8.501 - 9.000 12 0.60 649,035.28 0.28 11.448 360.00 357.54 2.46 77.38 558 54,086.27
9.001 - 9.500 3 0.15 253,127.87 0.11 12.188 360.00 357.35 2.65 67.31 576 84,375.96
9.501 - 10.000 2 0.10 126,610.73 0.05 12.268 360.00 358.39 1.61 66.93 594 63,305.37
11.001 - 11.250 1 0.05 65,831.61 0.03 9.250 360.00 355.00 5.00 90.00 65,831.61
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 6.343 1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 7
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMS 1,998 232,387,855.82 116,310.24 78.42 9.959 356.82 2.99
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Life Cap Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
12.850 - 13.000 3 0.15 454,167.80 0.20 6.407 360.00 350.87 9.13 78.39 654 151,389.27
13.001 - 13.500 3 0.15 465,103.64 0.20 7.442 360.00 358.15 1.85 79.66 689 155,034.55
13.501 - 14.000 13 0.65 1,605,865.63 0.69 7.960 360.00 357.12 2.88 64.03 580 123,528.13
14.001 - 14.500 35 1.75 5,267,682.34 2.27 8.273 360.00 356.95 3.05 72.13 613 150,505.21
14.501 - 15.000 103 5.16 13,348,688.54 5.74 8.823 359.47 356.26 3.21 76.26 601 129,598.92
15.001 - 15.500 142 7.11 17,752,856.85 7.64 9.100 359.55 356.35 3.20 78.58 588 125,020.12
15.501 - 16.000 301 15.07 40,561,743.22 17.45 9.366 360.00 356.87 3.13 77.74 583 134,756.62
16.001 - 16.500 311 15.57 36,369,753.54 15.65 9.752 359.69 356.61 3.08 79.35 580 116,944.55
16.501 - 17.000 380 19.02 47,304,853.68 20.36 10.074 359.80 356.95 2.85 78.83 578 124,486.46
17.001 - 17.500 274 13.71 28,557,664.83 12.29 10.534 360.00 357.19 2.81 81.04 576 104,225.05
17.501 - 18.000 248 12.41 25,238,407.67 10.86 10.948 359.69 356.84 2.85 80.37 564 101,767.77
18.001 - 18.500 90 4.50 7,520,916.84 3.24 11.435 360.00 357.16 2.84 75.88 553 83,565.74
18.501 - 19.000 57 2.85 4,898,299.28 2.11 11.968 360.00 357.55 2.45 73.08 538 85,935.08
19.001 - 19.500 26 1.30 1,774,967.38 0.76 12.630 360.00 356.57 3.43 70.54 546 68,267.98
19.501 - 20.000 9 0.45 849,908.80 0.37 13.212 360.00 356.07 3.93 70.65 540 94,434.31
20.001 - 20.500 3 0.15 416,975.78 0.18 13.669 360.00 356.67 3.33 73.34 519 138,991.93
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 16.568 1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Life Floor Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3.750 - 4.000 1 0.05 114,392.73 0.05 9.750 360.00 358.00 2.00 83.89 563 114,392.73
4.001 - 4.500 1 0.05 138,803.16 0.06 9.750 360.00 358.00 2.00 89.74 535 138,803.16
4.501 - 5.000 1 0.05 639,298.20 0.28 9.000 360.00 358.00 2.00 80.00 603 639,298.20
5.001 - 5.500 3 0.15 311,698.85 0.13 9.505 360.00 347.69 12.31 75.02 604 103,899.62
5.501 - 6.000 7 0.35 1,546,943.06 0.67 8.544 360.00 353.83 6.17 73.44 592 220,991.87
6.001 - 6.500 15 0.75 1,541,382.79 0.66 10.282 360.00 355.45 4.55 80.22 609 102,758.85
6.501 - 7.000 10 0.50 827,760.66 0.36 9.434 360.00 356.14 3.86 75.08 599 82,776.07
7.001 - 7.500 13 0.65 2,148,422.80 0.92 8.908 360.00 356.40 3.60 72.66 599 165,263.29
7.501 - 8.000 24 1.20 3,174,847.47 1.37 8.226 360.00 356.90 3.10 65.55 603 132,285.31
8.001 - 8.500 61 3.05 8,737,976.75 3.76 8.372 360.00 357.21 2.79 75.53 609 143,245.52
8.501 - 9.000 202 10.11 29,869,710.70 12.85 8.861 359.76 356.74 3.02 76.10 593 147,869.85
9.001 - 9.500 279 13.96 34,148,586.80 14.69 9.374 359.77 356.81 2.95 79.46 584 122,396.37
9.501 - 10.000 446 22.32 56,729,426.47 24.41 9.838 359.84 356.88 2.95 79.73 579 127,196.02
10.001 - 10.500 331 16.57 36,676,521.46 15.78 10.350 359.70 356.73 2.97 80.70 578 110,805.20
10.501 - 11.000 307 15.37 31,860,366.02 13.71 10.818 360.00 357.14 2.86 79.95 566 103,779.69
11.001 - 11.500 142 7.11 11,771,194.88 5.07 11.325 360.00 357.09 2.91 78.00 555 82,895.74
11.501 - 12.000 91 4.55 7,713,803.12 3.32 11.803 359.00 356.09 2.91 72.69 541 84,767.07
12.001 - 12.500 36 1.80 2,391,006.26 1.03 12.274 360.00 356.91 3.09 70.90 547 66,416.84
12.501 - 13.000 17 0.85 989,558.16 0.43 12.705 360.00 357.78 2.22 67.09 553 58,209.30
13.001 - 13.500 8 0.40 655,493.72 0.28 13.356 360.00 356.82 3.18 69.93 510 81,936.72
13.501 - 14.000 2 0.10 261,004.12 0.11 13.990 360.00 358.00 2.00 68.19 130,502.06
14.001 - 14.500 1 0.05 139,657.64 0.06 14.500 360.00 356.00 4.00 65.00 579 139,657.64
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 9.863 1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 8
<PAGE>
<TABLE>
<CAPTION>
Merrill Lynch ABFG Saxon 1993-3 - Arms Pool [Merrill Lynch Logo]
As of 08/01/1999
- ------------------------------------------------------------------------------------------------------------------------------------
Current Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg
Portfolio Count Balance Balance CLTV Rate Rem Term Seasoning
- ------------------------------------------------------------------------------------------------------------------------------------
ARMS 1,998 232,387,855.82 116,310.24 78.42 9.959 356.82 2.99
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Initial Adj Cap Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1.000 21 1.05 2,201,055.56 0.95 9.391 360.00 353.06 6.94 73.77 592 104,812.17
2.000 22 1.10 3,089,010.23 1.33 9.012 360.00 356.79 3.21 84.90 577 140,409.56
3.000 1,955 97.85 227,097,790.03 97.72 9.977 359.81 356.86 2.95 78.38 579 116,162.55
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 2.968 1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Periodic Adj Cap Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1.000 1,679 84.03 187,267,575.61 80.58 9.964 359.77 356.98 2.79 78.34 578 111,535.18
1.500 294 14.71 41,419,622.77 17.82 9.997 360.00 356.18 3.82 78.40 581 140,883.07
2.000 23 1.15 3,123,798.36 1.34 9.013 360.00 356.75 3.25 84.23 577 135,817.32
3.000 2 0.10 576,859.08 0.25 10.608 360.00 352.79 7.21 73.36 553 288,429.54
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 1.108 1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Months to Roll Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 - 6 25 1.25 2,729,955.02 1.17 9.373 360.00 352.08 7.92 75.18 587 109,198.20
7 - 12 29 1.45 3,643,446.64 1.57 9.263 360.00 354.73 5.27 82.96 580 125,636.09
13 - 24 1,168 58.46 131,545,350.67 56.61 9.944 360.00 356.80 3.20 77.76 577 112,624.44
25 - 36 776 38.84 94,469,103.49 40.65 10.023 359.54 357.06 2.48 79.26 581 121,738.54
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WgtAvg= 26 1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Days Late Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0 - 29 1,753 87.74 200,912,494.97 86.46 9.928 359.78 356.93 2.85 78.55 581 114,610.66
30 - 47 245 12.26 31,475,360.85 13.54 10.154 360.00 356.12 3.88 77.62 565 128,470.86
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 4 1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
<CAPTION>
% By Average
% By Current Current Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg Current
Arm Teaser Period Count Count Balance Balance Rate Origterm Rem Term Seasoning CLTV FICO Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
6 21 1.05 2,201,055.56 0.95 9.391 360.00 353.06 6.94 73.77 592 104,812.17
12 22 1.10 3,089,010.23 1.33 9.012 360.00 356.79 3.21 84.90 577 140,409.56
24 1,179 59.01 132,628,686.54 57.07 9.944 360.00 356.71 3.29 77.75 577 112,492.52
36 776 38.84 94,469,103.49 40.65 10.023 359.54 357.06 2.48 79.26 581 121,738.54
- -----------------------------------------------------------------------------------------------------------------------------------
WgtAvg= 29 1,998 100.00 232,387,855.82 100.00 9.959 359.81 356.82 2.99 78.42 579 116,310.24
The information herein has been provided solely by Merrill Lynch, Pierce, Fenner
& Smith Incorporated. Neither Merrill Lynch, the Issuer of the securities nor
any of its affiliates make any representation as to the accuracy or completeness
of the information herein. The information herein is preliminary, and will be
superseded by the applicable prospectus supplement and by any other information
subsequently filed with the Securities and Exchange Commission.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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