<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) February 29, 2000
Saxon Asset Securities Company
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(Exact name of registrant as specified in charter)
<TABLE>
<S> <C> <C>
Virginia 34-0-20552 54-1810895
- ----------------------------- ---------------------------- ----------------------
(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
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(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.
On February 18, 2000, the Registrant entered into an underwriting
agreement with Prudential Securities Incorporated, Banc of America
Securities LLC, Greenwich Capital Markets, Inc. and Merrill Lynch,
Pierce, Fenner & Smith Incorporated (the "Underwriters"), pursuant to
which the Underwriters agreed to purchase and offer for sale to the
public, the Registrant's Mortgage Loan Asset Backed Certificates,
Series 2000-1, Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class
AF-5, Class AF-6, Class MF-1, Class MF- 2, Class BF-1, Class BF-1A,
Class AV-1, Class MV-1, Class MV-2, Class BV-1 and Class BV-1A
Certificates (collectively, the "Underwritten Certificates"). The
Underwritten Certificates are registered for sale under the
Registrant's effective shelf Registration Statement on Form S-3
(333-87351), and are offered pursuant to a Prospectus dated February
25, 2000, and a Prospectus Supplement dated February 25, 2000, to be
filed with the Securities and Exchange Commission pursuant to
Registration No. 333- 87351.
In connection with the offering of the Underwritten Certificates,
the Underwriters have prepared and disseminated to potential purchasers
certain "Computational Materials," as such term is defined in the
No-Action response letter to Kidder, Peabody and Co. Incorporated and
certain affiliates thereof (publicly available, May 20, 1994). The
Computational Materials furnished to certain prospective investors by
the lead Underwriter, Prudential Securities Incorporated, are filed
herewith as Exhibit 99.1. In addition, Banc of America Securities LLC,
Greenwich Capital Markets, Inc. and Merrill Lynch, Pierce, Fenner &
Smith Incorporated, as co-underwriters, have furnished Computational
Materials to certain prospective investors, which are substantially
identical to the Computational Materials furnished by Prudential
Securities Incorporated, other than the disclosure in each related
co-underwriter's legend.
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.
Exhibits
- --------
99.1 Copy of "Computational Materials" as provided by Prudential Securities
Incorporated.
<PAGE>
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
February 29, 2000
<PAGE>
INDEX TO EXHIBITS
-----------------
Page
----
99.1 Copy of Computational Materials as provided by Prudential
Securities Incorporated
<PAGE>
Saxon Asset Securities Trust 2000-1
[SAXON LOGO]
$[450,000,000]
Mortgage Loan Asset-Backed Certificates, Series 2000-1
<TABLE>
<S> <C>
$ [ 100,000,000] [TBD]% Class AF-1 Fixed-Rate Certificates
$ [ 42,000,000] [TBD]% Class AF-2 Fixed-Rate Certificates
$ [ 40,000,000] [TBD]% Class AF-3 Fixed-Rate Certificates
$ [ 30,000,000] [TBD]% Class AF-4 Fixed-Rate Certificates
$ [ 21,914,000] [TBD]% Class AF-5 Fixed-Rate Certificates
$ [ 26,000,000] [TBD]% Class AF-6 Fixed-Rate NAS Certificates
$ [ 15,386,000] [TBD]% Class MF-1 Fixed-Rate Certificates
$ [ 10,457,000] [TBD]% Class MF-2 Fixed-Rate Certificates
$ [ 8,964,000] [TBD]% Class BF-1 Fixed-Rate Certificates
$ [ 4,034,000] [TBD]% Class BF-1A Fixed-Rate Accelerated Certificates
$ [ 120,995,000] 1ML+[TBD]bps Class AV-1 Floating Rate Certificates
$ [ 12,856,000] 1ML+[TBD]bps Class MV-1 Floating Rate Certificates
$ [ 9,453,000] 1ML+[TBD]bps Class MV-2 Floating Rate Certificates
$ [ 4,916,000] 1ML+[TBD]bps Class BV-1 Floating Rate Certificates
$ [ 3,025,000] [TBD]% Class BV-1A Fixed-Rate Accelerated Certificates
</TABLE>
The information included herein is provided solely by Prudential Securities
Incorporated ("PSI") as underwriter for the Saxon Asset Securities Trust 2000-1
transaction, and not by or as agent for Saxon Mortgage, Inc. or any of its
affiliates (collectively, the "Sponsor"). The analysis in this report is
accurate to the best of PSI's knowledge and is based on information provided by
the Sponsor. PSI makes no representations as to the accuracy of such information
provided by the Sponsor. All opinions and conclusions in this report reflect
PSI's judgment as of this date and are subject to change. All analyses are based
on certain assumptions noted herein and different assumptions could yield
substantially different results. You are cautioned that there is no universally
accepted method for analyzing financial instruments. You should review the
assumptions; there may be differences between these assumptions and your actual
business practices. Further, PSI does not guarantee any results and there is no
guarantee as to the liquidity of the instruments involved in this analysis. The
decision to adopt any strategy remains your responsibility. PSI (or any of its
affiliates) or their officers, directors, analysts or employees may have
positions in securities, commodities or derivative instruments thereon referred
to herein, and may, as principal or agent, buy or sell such securities,
commodities or derivative instruments. In addition, PSI may make a market in the
securities referred to herein. Neither the information nor the opinions
expressed shall be construed to be, or constitute, an offer to sell or buy or a
solicitation of an offer to sell or buy any securities, commodities or
derivative instruments mentioned herein. Finally, PSI has not addressed the
legal, accounting and tax implications of the analysis with respect to you and
PSI strongly urges you to seek advice from your counsel, accountant and tax
advisor.
<PAGE>
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Saxon Asset Securities Trust 2000-1
Computational Materials
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[$450,000,000]
Saxon Asset Securities Trust 2000-1
Summary of Terms
Group I Certificates: Class AF-1 through Class AF-6 (the "Group I Senior
Certificates" or "Senior Certificates"); Class MF-1,
MF-2, BF-1 and BF-1A. The Group I Certificates will be
backed primarily by the Group I Loans
Group II Certificates: Class AV-1 (the "Group II Senior Certificates" or
"Senior Certificates"); Class MV-1, MV-2, BV-1 and
BV-1A The Group II Certificates will be backed
primarily by the Group II Loans.
The Group II Certificates and Group I Certificates
being collectively referred to as the "Certificates".
The Certificates will be referred to hereinafter as
the "Offered Certificates".
Lead Manager: Prudential Securities Incorporated
Co-Managers: Merrill Lynch & Co., Bank of America Securities LLC,
Greenwich Capital Markets, Inc.
The Mortgage Loans:
Group I Loans: Fixed-Rate conventional home equity mortgage loans
secured by first and second lien mortgages. The
balance of the Group I Loans at closing is expected to
be approximately [$298.8] million.
Group II Loans: Adjustable-Rate conventional home equity mortgage
loans secured by first lien mortgages. The balance of
the Group II Loans at closing is expected to be
approximately [$151.2 million].
Depositor: Saxon Asset Securities Company
Seller and Master
Servicer: Saxon Mortgage, Inc.
Servicer: Meritech Mortgage Services, Inc.
Servicing Fees: Approximately [56] bps for the Group I Loans and
approximately [55] bps for the Group II Loans
(including the master servicing fee)
Trustee: Chase Bank of Texas, National Association
Settlement Date: February 29th, 2000, through DTC Euroclear and
Clearstream
Distribution Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on the March 27th, 2000.
Group I Pricing Speed: 24% HEP (x% HEP is x%/10 CPR in month 1, increasing by
(Home Equity Prepayment x%/10 CPR each month through month 10, remaining at x%
- -HEP) CPR thereafter.)
Group II Pricing Speed: 35% HHEP (x% HHEP is equal to x% HEP with months 23
(Hybrid Home Equity through 25 at 42% CPR and months 35 through 37 at 44%
Prepayment - HHEP) CPR). Months referring to age of a loan.
Taxation: REMIC
ERISA Consideration: The Group I Senior Certificates and the
Group II Senior Certificates will be ERISA eligible.
SMMEA Considerations: Only the Class AV-1 and Class MV-1 Certificates
will be SMMEA eligible. The remaining
offered Certificates will NOT be SMMEA eligible.
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2
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural Term
Sheets and will be superseded by the structural information in the Prospectus
Supplement.
<PAGE>
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Saxon Asset Securities Trust 2000-1
Computational Materials
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<TABLE>
<CAPTION>
Initial Class Sizes: Group I Certificates Group II Certificates
-------------------- ---------------------
<S> <C>
Class AF-1 through Class AF-6 [87.00%] Class AV-1 [80.00%]
Class MF-1 [5.15%] Class MV-1 [8.50%]
Class MF-2 [3.50%] Class MV-2 [6.25%]
Class BF-1 [3.00%] Class BV-1 [3.25%]
Class BF-1A [1.35%] Class BV-1A [2.00%]
Overcollateralization [3.00%] Overcollateralization [2.75%]
Target Target
(Note: Target will be partially met by accelerating (paying)
the Class B-1A Certificates with excess interest as described
herein.)
</TABLE>
Credit Enhancement: A combination of:
- Excess monthly cash flow
- Cross-Collateralization
- Bond Subordination
Distributions Interest collections (net of servicing, master
of Interest: servicing and trustee fees) will be allocated in the
following priority:
With respect to a group:
1. Current interest and any interest carry forward
amount (plus interest on this amount) to the Senior
Certificates;
2. Current interest to the Class M-1 Certificates;
3. Current interest to the Class M-2 Certificates;
4. Current interest to the Class B-1 and B-1A
Certificates with equal priority;
5. Extra principal distributions required to reach
overcollateralization targets, provided that the
principal balance of the related Class B-1A
Certificate has been reduced to zero;
6. Extra principal distributions to cover realized
losses not covered in step #5;
7. Excess applied to any interest carry forward on
subordinate classes;
8. Excess made available to the other collateral group
(i.e. cross-collateralization - repeat steps #1
through #7 above, provided, however, step #5 will
be skipped until the principal balance of the
related Class B-1A Certificates has been reduced to
zero);
9. In the case of Group II, to the Group II
Certificates (in the order in which distributions
of current interest are made) for Group II
Certificates Carryover;
10. Class B-1A Additional Principal;
11. Excess to the residual holder.
Group II Certificates If on any Distribution Date the Pass Through Rate for
Carryover Amount: a Class of the Group II Certificates is based on upon
the Group II Available Funds Cap, the excess of (i)
the amount of interest that such Class would have been
entitled to receive on such Distribution Date based on
LIBOR plus the Applicable Spread (but not more than
the weighted average of the maximum lifetime net
Mortgage Interest Rates for Group II) over (ii) the
amount of interest such Class received on such
Distribution Date based on the Group II Available
Funds Cap, together with the unpaid portion of any
such excess from prior Distribution Dates (and
interest accrued thereon at the then applicable Pass
Through Rate, without giving effect to the Group II
Available Funds Cap).
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3
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural Term
Sheets and will be superseded by the structural information in the Prospectus
Supplement.
<PAGE>
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Saxon Asset Securities Trust 2000-1
Computational Materials
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Principal Collections of Principal BEFORE the Stepdown Date, or if
Priority: a CaTrigger Event exists, will be allocated in the
following priority:
Group I Cashflows
1. Pay AF-6 according to the following Lockout Percentage
Distribution Date:
Mar. 2000 - Feb. 2003 [0%]
Mar. 2003 - Feb. 2005 [45%]
Mar. 2005 - Feb. 2006 [80%]
Mar. 2006 - Feb. 2007 [100%]
Mar. 2007 and thereafter [300%]
2. Pay Classes AF-1 through AF-6 sequentially until each
is reduced to zero.
3. Pay Classes MF-1, MF-2, BF-1 and BF-1A sequentially
until each is reduced to zero.
Group II Cashflows
1. To the Class AV-1 Certificates until the Class AV-1
Certificate balance is reduced to zero.
2. Pay Classes MV-1, MV-2, BV-1 and BV-1A sequentially
until each is reduced to zero.
Collections of Principal ON and AFTER the Stepdown date,
(assuming no Trigger Event is in effect) will be allocated
in the following priority:
Group I Cashflows
Pay the Class AF-1 through Class AF-6 (according to
priority), Class MF-1, Class MF-2, Class BF-1 and Class
BF-1A concurrently in accordance with enhancement
targets, equal to 2.0 times the initial enhancement
target for each class:
Approximate Targeted Credit
Enhancement (Bond Subordination and O/C)
----------------------------------------
Class AF-1 [29.3%]
through AF-6
Class MF-1 [19.0%]
Class MF-2 [12.0%]
Class BF-1 [6.0%]
Class BF-1A [0.0%]
Group II Cashflows
Pay Class AV-1, Class MV-1, Class MV, Class BV-1 and
Class BV-1A concurrently in accordance with enhancement
targets equal to 2.0 times the initial enhancement target
for each class:
Approximate Targeted Credit
Enhancement (Bond Subordination and O/C)
----------------------------------------
Class AV-1 [41.5%]
Class MV-1 [24.5%]
Class MV-2 [12.0%]
Class BV-1 [5.5%]
Class BV-1A [0.0%]
- --------------------------------------------------------------------------------
4
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural Term
Sheets and will be superseded by the structural information in the Prospectus
Supplement.
<PAGE>
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Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
Class B-1A Additional After paying the amounts of interest and principal due
Principal: of the Certificates described above, the Trustee will
apply a portion of the remaining Interest Funds, the
"Applicable Percentage", with respect to a Group, if
any, to the payment of additional principal to the
Class B-1A Certificates relating to such group until
the principal balances of such Certificates are
reduced to zero. The Applicable Percentage for each
Group is as follows:
Distribution Dates in March 2000 through [April 2001]
(Subject to certain triggers):
Group I: 67.5%
Group II: 67.5%
With respect to any Distribution Date on or after [May
2001], or a Distribution Date before [May 2001] when
certain triggers are in effect:
Group I: 100%
Group II: 100%
Stepdown Date: With respect to a group, the earlier of (1) the date on
which the principal balance of the Senior Certificates
of the related group is reduced to $0 and (2) the later
of: (x) the [37th] Distribution Date and (y) the first
Distribution Date on which (i) with respect to Group I,
the principal balance of the Group I Senior
Certificates is less than or equal to [70.7%] of the
principal balance of the Group I Loans or (ii) with
respect to Group II, the principal balance of the Group
II Senior Certificates is less than or equal to [58.5%]
of the principal balance of the Group II Loans.
Trigger Event: Occurs with respect to a loan group when 60+ day
delinquency percentage is greater than (x) [50%] of the
senior enhancement percentage for the Group I
Certificates or (y) [40%] of the senior enhancement
percentage for the Group II Certificates.
Optional Termination The Distribution Date on which the aggregate principal
Date: balance of Group I Loans and Group II Loans has be
reduced to less than 10% of the original principal
balance of the Mortgage Loans.
Prospectus: The Offered Certificates are being offered pursuant to
a Prospectus which includes a Prospectus Supplement
(together, the "Prospectus"). Complete information with
respect to the Offered Certificates and the Collateral
is contained in the Prospectus. The foregoing is
qualified in its entirety by the information appearing
in the Prospectus. To the extent that the foregoing is
inconsistent with the Prospectus, the Prospectus shall
govern in all respects. Sales of the Offered
Certificates may not be consummated unless the
purchaser has received the Prospectus.
Contacts: Call the desk at (212) 778-2741, John Mawe at (212)
778-1166, Howard Blecher at (212) 778-4429, Brendan
Keane at (212) 778-4231, Mike Mattera at (212)
778-4459, or Andrew Kloch at (212) 778-7458 with any
questions.
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5
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural Term
Sheets and will be superseded by the structural information in the Prospectus
Supplement.
<PAGE>
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Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
Class Information
<TABLE>
<CAPTION>
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Average Life Average Life
Class Size Expected Ratings To Call To Maturity
Class ($ millions) (Moody's/Fitch) (years) (years) Stated Maturity Payment Window(4)
- -----------------------------------------------------------------------------------------------------
<S> <C>
AF-1 100.000 Aaa/AAA [0.9] [0.9] [12/25/14] [3/25/00 - 10/25/01]
AF-2 42.000 Aaa/AAA [2.0] [2.0] [12/25/14] [10/25/01 - 7/25/02]
AF-3 40.000 Aaa/AAA [3.0] [3.0] [10/25/20] [7/25/02 - 1/25/04]
AF-4(1) 30.000 Aaa/AAA [4.9] [4.9] [1/25/27] [1/25/04 - 7/25/06]
AF-5(1) 21.914 Aaa/AAA [7.3] [10.6] [3/25/30] [7/25/06 - 7/25/07]
AF-6(1) 26.000 Aaa/AAA [6.2] [6.6] [3/25/30] [4/25/03 - 7/25/07]
MF-1(1) 15.386 Aa2/AA [5.3] [6.0] [3/25/30] [3/25/03 - 7/25/07]
MF-2(1) 10.457 A2/A [5.3] [6.0] [3/25/30] [3/25/03 - 7/25/07]
BF-1(1) 8.964 Baa2/BBB [5.3] [5.8] [3/25/30] [3/25/03 - 7/25/07]
BF-1A(1) 4.034 [Baa1/BBB] (3) [0.6] [0.6] [5/25/01] [3/25/00 - 3/25/01]
AV-1(2) 120.995 Aaa/AAA [1.9] [1.9] [3/25/30] [3/25/00 - 7/25/07]
MV-1(2) 12.856 Aa2/AA [4.8] [4.9] [3/25/30] [10/25/03 - 7/25/07]
MV-2(2) 9.453 A2/A [4.3] [4.4] [3/25/30] [6/25/03 - 7/25/07]
BV-1(2) 4.916 Baa2/BBB [4.1] [4.1] [3/25/30] [4/25/03 - 7/25/07]
BV-1A(2) 3.025 [Baa1/BBB] (3) [0.5] [0.5] [5/25/01] [3/25/00 - 2/25/01]
- -----------------------------------------------------------------------------------------------------
</TABLE>
(1) May be subject to the Group I Available Funds Cap
(2) Subject to the Group II Available Funds Cap
(3) Subject to final rating agency approval 4 To Call
Group I
- -------
Group I Available Funds A rate equal to the weighted average net coupon rate
Cap: (i.e., the weighted average coupon rate less
approximately [0.56%]) for the Group I Loans.
Payment Delay: 24 days.
Coupon Step-Up at 10% If the Mortgage Loans are not purchased on the Optional
Optional Termination Termination Date, the coupon on the Class AF-5, Class
Date: MF-1 MF-2 Certificates will increase by [50] basis
points.
Interest Accrual Period: For the Group I Certificates, interest will accrue from
the first day of the preceding month until the last day
of the preceding month (assuming a year with twelve 30
day months - 30/360).
Group II
- --------
Group II The cap is calculated as the total scheduled interest
Available Funds Cap: for the related due period less monthly servicing and
master servicing fees (approximately [0.55%]) divided
by the outstanding principal balance of the Group II
Certificates (divided by Act/360).
Coupon Step-Up at 10% If the Mortgage Loans are not purchased on the Optional
Optional Termination Termination Date the coupon on the Class AV-1
Date: Certificates shall be raised to LIBOR + [2x] Spread;
and the Class MV-1, MV-2 and BV-1 Certificates shall be
raised to LIBOR + [1.5x] Spread, subject to the Group
II Available Funds Cap.
Payment Delay: 0 days (except for BV-1A Certificates which is 24 days)
Interest Accrual Period: Interest will accrue from the preceding Distribution
Date (or, with respect to the first accrual period, the
Settlement Date) to, but not including, the related
Distribution Date (except for BV-1A Certificates which
will accrue at 30/360)
SAXON ASSET SECURITIES TRUST 2000-1
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6
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural Term
Sheets and will be superseded by the structural information in the Prospectus
Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
Available Funds Schedule
Calculated using Group II Net WAC (Assuming 30/360 Daycount)
DATE COUPON
--------- ---------
03/00 9.672
04/00 9.672
05/00 9.672
06/00 9.672
07/00 9.672
08/00 9.672
09/00 9.672
10/00 9.671
11/00 9.671
12/00 9.671
01/01 9.671
02/01 9.677
03/01 9.677
04/01 9.677
05/01 9.677
06/01 9.677
07/01 9.677
08/01 9.677
09/01 9.677
10/01 9.677
11/01 9.677
12/01 9.677
01/02 10.813
02/02 10.816
03/02 10.816
04/02 10.817
05/02 10.817
06/02 10.817
07/02 10.821
08/02 10.821
- --------------------------------------------------------------------------------
7
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural Term
Sheets and will be superseded by the structural information in the Prospectus
Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
****** PRELIMINARY MARKETING INFORMATION ******
ORIGINAL BALANCE: $100,000,000.00 BOND AF-1 BE-YIELD TABLE
YIELD TABLE DATE: 02/29/00
PREPAYMENT SPEED
PRICING SPEED
100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
99-24 7.37 7.42 7.39 7.37 7.28
99-24+ 7.35 7.41 7.38 7.35 7.25
99-25 7.34 7.39 7.36 7.34 7.23
99-25+ 7.32 7.38 7.34 7.32 7.20
99-26 7.30 7.36 7.32 7.30 7.17
99-26+ 7.28 7.35 7.31 7.28 7.15
99-27 7.26 7.33 7.29 7.26 7.12
99-27+ 7.24 7.32 7.27 7.24 7.10
99-28 7.22 7.30 7.26 7.22 7.07
99-28+ 7.21 7.29 7.24 7.21 7.05
99-29 7.19 7.27 7.22 7.19 7.02
99-29+ 7.17 7.26 7.20 7.17 7.00
99-30 7.15 7.24 7.19 7.15 6.97
99-30+ 7.13 7.23 7.17 7.13 6.95
99-31 7.11 7.21 7.15 7.11 6.92
99-31+ 7.10 7.20 7.14 7.10 6.90
100-00 7.08 7.18 7.12 7.08 6.87
100-00+ 7.06 7.17 7.10 7.06 6.85
100-01 7.04 7.15 7.08 7.04 6.82
100-01+ 7.02 7.14 7.07 7.02 6.80
100-02 7.00 7.12 7.05 7.00 6.77
100-02+ 6.98 7.11 7.03 6.98 6.75
100-03 6.97 7.09 7.02 6.97 6.72
100-03+ 6.95 7.08 7.00 6.95 6.70
100-04 6.93 7.06 6.98 6.93 6.67
100-04+ 6.91 7.05 6.96 6.91 6.65
100-05 6.89 7.03 6.95 6.89 6.62
100-05+ 6.87 7.02 6.93 6.87 6.60
100-06 6.86 7.00 6.91 6.86 6.57
100-06+ 6.84 6.99 6.90 6.84 6.55
100-07 6.82 6.97 6.88 6.82 6.52
100-07+ 6.80 6.96 6.86 6.80 6.50
First Payment 0.069 0.069 0.069 0.069 0.069
Average Life 0.903 1.122 0.978 0.903 0.658
Last Payment 1.653 2.069 1.819 1.653 1.153
Mod.Dur. @ 100-00 0.840 1.033 0.906 0.840 0.620
Accrued Interest 0.586 0.586 0.586 0.586 0.586
- --------------------------------------------------------------------------------
8
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural Term
Sheets and will be superseded by the structural information in the Prospectus
Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
****** PRELIMINARY MARKETING INFORMATION ******
ORIGINAL BALANCE: $42,000,000.00 BOND AF-2 BE-YIELD TABLE
YIELD TABLE DATE: 02/29/00
PREPAYMENT SPEED
PRICING SPEED
100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
99-24 7.62 7.65 7.63 7.62 7.57
99-24+ 7.61 7.64 7.62 7.61 7.56
99-25 7.60 7.64 7.62 7.60 7.54
99-25+ 7.59 7.63 7.61 7.59 7.53
99-26 7.59 7.62 7.60 7.59 7.52
99-26+ 7.58 7.62 7.59 7.58 7.51
99-27 7.57 7.61 7.58 7.57 7.50
99-27+ 7.56 7.60 7.58 7.56 7.48
99-28 7.55 7.60 7.57 7.55 7.47
99-28+ 7.54 7.59 7.56 7.54 7.46
99-29 7.53 7.58 7.55 7.53 7.45
99-29+ 7.53 7.58 7.54 7.53 7.43
99-30 7.52 7.57 7.54 7.52 7.42
99-30+ 7.51 7.56 7.53 7.51 7.41
99-31 7.50 7.55 7.52 7.50 7.40
99-31+ 7.49 7.55 7.51 7.49 7.39
100-00 7.48 7.54 7.51 7.48 7.37
100-00+ 7.47 7.53 7.50 7.47 7.36
100-01 7.46 7.53 7.49 7.46 7.35
100-01+ 7.46 7.52 7.48 7.46 7.34
100-02 7.45 7.51 7.47 7.45 7.33
100-02+ 7.44 7.51 7.47 7.44 7.31
100-03 7.43 7.50 7.46 7.43 7.30
100-03+ 7.42 7.49 7.45 7.42 7.29
100-04 7.41 7.49 7.44 7.41 7.28
100-04+ 7.40 7.48 7.43 7.40 7.27
100-05 7.40 7.47 7.43 7.40 7.25
100-05+ 7.39 7.47 7.42 7.39 7.24
100-06 7.38 7.46 7.41 7.38 7.23
100-06+ 7.37 7.45 7.40 7.37 7.22
100-07 7.36 7.45 7.39 7.36 7.21
100-07+ 7.35 7.44 7.39 7.35 7.19
First Payment 1.653 2.069 1.819 1.653 1.153
Average Life 2.008 2.637 2.216 2.008 1.405
Last Payment 2.403 3.236 2.653 2.403 1.653
Mod.Dur. @ 100-00 1.798 2.305 1.968 1.798 1.287
Accrued Interest 0.593 0.593 0.593 0.593 0.593
- --------------------------------------------------------------------------------
9
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural Term
Sheets and will be superseded by the structural information in the Prospectus
Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
****** PRELIMINARY MARKETING INFORMATION ******
ORIGINAL BALANCE: $40,000,000.00 BOND AF-3 BE-YIELD TABLE
YIELD TABLE DATE: 02/29/00
PREPAYMENT SPEED
PRICING SPEED
100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
99-24 7.74 7.76 7.75 7.74 7.69
99-24+ 7.73 7.75 7.74 7.73 7.68
99-25 7.72 7.75 7.73 7.72 7.67
99-25+ 7.72 7.75 7.73 7.72 7.66
99-26 7.71 7.74 7.72 7.71 7.65
99-26+ 7.71 7.74 7.72 7.71 7.65
99-27 7.70 7.73 7.71 7.70 7.64
99-27+ 7.69 7.73 7.71 7.69 7.63
99-28 7.69 7.72 7.70 7.69 7.62
99-28+ 7.68 7.72 7.70 7.68 7.61
99-29 7.68 7.71 7.69 7.68 7.60
99-29+ 7.67 7.71 7.69 7.67 7.59
99-30 7.66 7.70 7.68 7.66 7.58
99-30+ 7.66 7.70 7.68 7.66 7.57
99-31 7.65 7.70 7.67 7.65 7.57
99-31+ 7.65 7.69 7.66 7.65 7.56
100-00 7.64 7.69 7.66 7.64 7.55
100-00+ 7.63 7.68 7.65 7.63 7.54
100-01 7.63 7.68 7.65 7.63 7.53
100-01+ 7.62 7.67 7.64 7.62 7.52
100-02 7.62 7.67 7.64 7.62 7.51
100-02+ 7.61 7.66 7.63 7.61 7.50
100-03 7.60 7.66 7.63 7.60 7.49
100-03+ 7.60 7.65 7.62 7.60 7.49
100-04 7.59 7.65 7.62 7.59 7.48
100-04+ 7.59 7.65 7.61 7.59 7.47
100-05 7.58 7.64 7.61 7.58 7.46
100-05+ 7.57 7.64 7.60 7.57 7.45
100-06 7.57 7.63 7.59 7.57 7.44
100-06+ 7.56 7.63 7.59 7.56 7.43
100-07 7.56 7.62 7.58 7.56 7.42
100-07+ 7.55 7.62 7.58 7.55 7.41
- --------------------------------------------------------------------------------
10
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural Term
Sheets and will be superseded by the structural information in the Prospectus
Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
First Payment 2.403 3.236 2.653 2.403 1.653
Average Life 3.005 4.164 3.402 3.005 1.940
Last Payment 3.903 5.403 4.403 3.903 2.236
Mod.Dur. @ 100-00 2.587 3.431 2.884 2.587 1.740
Accrued Interest 0.599 0.599 0.599 0.599 0.599
****** PRELIMINARY MARKETING INFORMATION ******
ORIGINAL BALANCE: $30,000,000.00 BOND AF-4 BE-YIELD TABLE
YIELD TABLE DATE: 02/29/00
PREPAYMENT SPEED
PRICING SPEED
100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
99-24 8.04 8.06 8.05 8.04 7.99
99-24+ 8.04 8.06 8.05 8.04 7.98
99-25 8.03 8.05 8.04 8.03 7.98
99-25+ 8.03 8.05 8.04 8.03 7.97
99-26 8.03 8.05 8.04 8.03 7.96
99-26+ 8.02 8.05 8.03 8.02 7.96
99-27 8.02 8.04 8.03 8.02 7.95
99-27+ 8.01 8.04 8.02 8.01 7.94
99-28 8.01 8.04 8.02 8.01 7.94
99-28+ 8.01 8.03 8.02 8.01 7.93
99-29 8.00 8.03 8.01 8.00 7.92
99-29+ 8.00 8.03 8.01 8.00 7.91
99-30 7.99 8.03 8.01 7.99 7.91
99-30+ 7.99 8.02 8.00 7.99 7.90
99-31 7.99 8.02 8.00 7.99 7.89
99-31+ 7.98 8.02 8.00 7.98 7.89
100-00 7.98 8.01 7.99 7.98 7.88
100-00+ 7.97 8.01 7.99 7.97 7.87
100-01 7.97 8.01 7.99 7.97 7.87
100-01+ 7.97 8.01 7.98 7.97 7.86
100-02 7.96 8.00 7.98 7.96 7.85
100-02+ 7.96 8.00 7.98 7.96 7.84
100-03 7.95 8.00 7.97 7.95 7.84
100-03+ 7.95 7.99 7.97 7.95 7.83
100-04 7.95 7.99 7.96 7.95 7.82
100-04+ 7.94 7.99 7.96 7.94 7.82
100-05 7.94 7.99 7.96 7.94 7.81
100-05+ 7.93 7.98 7.95 7.93 7.80
100-06 7.93 7.98 7.95 7.93 7.80
100-06+ 7.93 7.98 7.95 7.93 7.79
100-07 7.92 7.97 7.94 7.92 7.78
100-07+ 7.92 7.97 7.94 7.92 7.77
- --------------------------------------------------------------------------------
11
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural Term
Sheets and will be superseded by the structural information in the Prospectus
Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
First Payment 3.903 5.403 4.403 3.903 2.236
Average Life 4.910 7.518 5.708 4.910 2.537
Last Payment 6.403 9.986 8.319 6.403 2.903
Mod.Dur. @ 100-00 3.908 5.410 4.402 3.908 2.215
Accrued Interest 0.620 0.620 0.620 0.620 0.620
****** PRELIMINARY MARKETING INFORMATION ******
ORIGINAL BALANCE: $21,914,000.00 BOND AF-5 BE-YIELD TABLE
YIELD TABLE DATE: 02/29/00
PREPAYMENT SPEED
PRICING SPEED
100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
99-24 8.32 8.33 8.32 8.32 8.29
99-24+ 8.32 8.33 8.32 8.32 8.28
99-25 8.31 8.33 8.32 8.31 8.28
99-25+ 8.31 8.32 8.32 8.31 8.27
99-26 8.31 8.32 8.31 8.31 8.27
99-26+ 8.31 8.32 8.31 8.31 8.26
99-27 8.30 8.32 8.31 8.30 8.26
99-27+ 8.30 8.31 8.31 8.30 8.25
99-28 8.30 8.31 8.30 8.30 8.25
99-28+ 8.29 8.31 8.30 8.29 8.24
99-29 8.29 8.31 8.30 8.29 8.24
99-29+ 8.29 8.30 8.30 8.29 8.23
99-30 8.28 8.30 8.29 8.28 8.23
99-30+ 8.28 8.30 8.29 8.28 8.23
99-31 8.28 8.30 8.29 8.28 8.22
99-31+ 8.28 8.29 8.28 8.28 8.22
100-00 8.27 8.29 8.28 8.27 8.21
100-00+ 8.27 8.29 8.28 8.27 8.21
100-01 8.27 8.29 8.28 8.27 8.20
100-01+ 8.26 8.29 8.27 8.26 8.20
100-02 8.26 8.28 8.27 8.26 8.19
100-02+ 8.26 8.28 8.27 8.26 8.19
100-03 8.26 8.28 8.27 8.26 8.18
100-03+ 8.25 8.28 8.26 8.25 8.18
100-04 8.25 8.27 8.26 8.25 8.17
100-04+ 8.25 8.27 8.26 8.25 8.17
100-05 8.24 8.27 8.26 8.24 8.16
100-05+ 8.24 8.27 8.25 8.24 8.16
100-06 8.24 8.26 8.25 8.24 8.15
100-06+ 8.23 8.26 8.25 8.23 8.15
100-07 8.23 8.26 8.24 8.23 8.14
100-07+ 8.23 8.26 8.24 8.23 8.14
- --------------------------------------------------------------------------------
12
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural Term
Sheets and will be superseded by the structural information in the Prospectus
Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
First Payment 6.403 9.986 8.319 6.403 2.903
Average Life 7.289 9.986 8.319 7.289 3.963
Last Payment 7.403 9.986 8.319 7.403 4.653
Mod.Dur. @ 100-00 5.284 6.570 5.810 5.284 3.246
Accrued Interest 0.640 0.640 0.640 0.640 0.640
****** PRELIMINARY MARKETING INFORMATION ******
ORIGINAL BALANCE: $26,000,000.00 BOND AF-6 BE-YIELD TABLE
YIELD TABLE DATE: 02/29/00
PREPAYMENT SPEED
PRICING SPEED
100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
99-24 7.94 7.94 7.94 7.94 7.92
99-24+ 7.93 7.94 7.93 7.93 7.92
99-25 7.93 7.93 7.93 7.93 7.91
99-25+ 7.93 7.93 7.93 7.93 7.91
99-26 7.92 7.93 7.93 7.92 7.91
99-26+ 7.92 7.92 7.92 7.92 7.90
99-27 7.92 7.92 7.92 7.92 7.90
99-27+ 7.91 7.92 7.92 7.91 7.89
99-28 7.91 7.92 7.91 7.91 7.89
99-28+ 7.91 7.91 7.91 7.91 7.88
99-29 7.90 7.91 7.91 7.90 7.88
99-29+ 7.90 7.91 7.90 7.90 7.88
99-30 7.90 7.90 7.90 7.90 7.87
99-30+ 7.89 7.90 7.90 7.89 7.87
99-31 7.89 7.90 7.89 7.89 7.86
99-31+ 7.89 7.89 7.89 7.89 7.86
100-00 7.88 7.89 7.89 7.88 7.86
100-00+ 7.88 7.89 7.88 7.88 7.85
100-01 7.88 7.88 7.88 7.88 7.85
100-01+ 7.87 7.88 7.88 7.87 7.84
100-02 7.87 7.88 7.87 7.87 7.84
100-02+ 7.87 7.88 7.87 7.87 7.83
100-03 7.86 7.87 7.87 7.86 7.83
100-03+ 7.86 7.87 7.86 7.86 7.83
100-04 7.86 7.87 7.86 7.86 7.82
100-04+ 7.85 7.86 7.86 7.85 7.82
100-05 7.85 7.86 7.86 7.85 7.81
100-05+ 7.85 7.86 7.85 7.85 7.81
100-06 7.84 7.85 7.85 7.84 7.81
100-06+ 7.84 7.85 7.85 7.84 7.80
100-07 7.84 7.85 7.84 7.84 7.80
100-07+ 7.83 7.85 7.84 7.83 7.79
- --------------------------------------------------------------------------------
12
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural Term
Sheets and will be superseded by the structural information in the Prospectus
Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
First Payment 3.153 3.069 3.069 3.153 3.819
Average Life 6.226 6.905 6.517 6.226 4.591
Last Payment 7.403 9.986 8.319 7.403 4.653
Mod.Dur. @ 100-00 4.713 5.066 4.868 4.713 3.720
Accrued Interest 0.611 0.611 0.611 0.611 0.611
Treas to Avg Life 0.000 0.000 0.000 0.000 0.000
****** PRELIMINARY MARKETING INFORMATION ******
ORIGINAL BALANCE: $15,386,000.00 BOND MF-1 BE-YIELD TABLE
YIELD TABLE DATE: 02/29/00
PREPAYMENT SPEED
PRICING SPEED
100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
99-24 8.33 8.34 8.33 8.33 8.31
99-24+ 8.32 8.34 8.33 8.32 8.30
99-25 8.32 8.33 8.32 8.32 8.30
99-25+ 8.31 8.33 8.32 8.31 8.29
99-26 8.31 8.33 8.32 8.31 8.29
99-26+ 8.31 8.32 8.31 8.31 8.28
99-27 8.30 8.32 8.31 8.30 8.28
99-27+ 8.30 8.32 8.31 8.30 8.28
99-28 8.29 8.31 8.30 8.29 8.27
99-28+ 8.29 8.31 8.30 8.29 8.27
99-29 8.29 8.31 8.30 8.29 8.26
99-29+ 8.28 8.30 8.29 8.28 8.26
99-30 8.28 8.30 8.29 8.28 8.25
99-30+ 8.28 8.30 8.28 8.28 8.25
99-31 8.27 8.30 8.28 8.27 8.24
99-31+ 8.27 8.29 8.28 8.27 8.24
100-00 8.26 8.29 8.27 8.26 8.23
100-00+ 8.26 8.29 8.27 8.26 8.23
100-01 8.26 8.28 8.27 8.26 8.22
100-01+ 8.25 8.28 8.26 8.25 8.22
- --------------------------------------------------------------------------------
14
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
100-02 8.25 8.28 8.26 8.25 8.21
100-02+ 8.25 8.27 8.26 8.25 8.21
100-03 8.24 8.27 8.25 8.24 8.20
100-03+ 8.24 8.27 8.25 8.24 8.20
100-04 8.23 8.26 8.25 8.23 8.19
100-04+ 8.23 8.26 8.24 8.23 8.19
100-05 8.23 8.26 8.24 8.23 8.18
100-05+ 8.22 8.26 8.24 8.22 8.18
100-06 8.22 8.25 8.23 8.22 8.18
100-06+ 8.21 8.25 8.23 8.21 8.17
100-07 8.21 8.25 8.23 8.21 8.17
100-07+ 8.21 8.24 8.22 8.21 8.16
First Payment 3.069 3.569 3.069 3.069 3.486
Average Life 5.315 7.090 5.910 5.315 3.989
Last Payment 7.403 9.986 8.319 7.403 4.653
Mod.Dur. @ 100-00 4.081 5.063 4.424 4.081 3.270
Accrued Interest 0.642 0.642 0.642 0.642 0.642
****** PRELIMINARY MARKETING INFORMATION ******
ORIGINAL BALANCE: $10,457,000.00 BOND MF-2 BE-YIELD TABLE
YIELD TABLE DATE: 02/29/00
PREPAYMENT SPEED
PRICING SPEED
100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
99-24 8.83 8.84 8.83 8.83 8.81
99-24+ 8.83 8.84 8.83 8.83 8.80
99-25 8.82 8.84 8.83 8.82 8.80
99-25+ 8.82 8.83 8.82 8.82 8.79
99-26 8.81 8.83 8.82 8.81 8.79
99-26+ 8.81 8.83 8.82 8.81 8.78
99-27 8.81 8.82 8.81 8.81 8.78
99-27+ 8.80 8.82 8.81 8.80 8.77
99-28 8.80 8.82 8.81 8.80 8.77
99-28+ 8.79 8.82 8.80 8.79 8.76
99-29 8.79 8.81 8.80 8.79 8.76
99-29+ 8.79 8.81 8.80 8.79 8.75
99-30 8.78 8.81 8.79 8.78 8.75
99-30+ 8.78 8.80 8.79 8.78 8.74
99-31 8.77 8.80 8.78 8.77 8.74
99-31+ 8.77 8.80 8.78 8.77 8.73
- --------------------------------------------------------------------------------
15
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
100-00 8.77 8.79 8.78 8.77 8.73
100-00+ 8.76 8.79 8.77 8.76 8.72
100-01 8.76 8.79 8.77 8.76 8.72
100-01+ 8.76 8.78 8.77 8.76 8.71
100-02 8.75 8.78 8.76 8.75 8.71
100-02+ 8.75 8.78 8.76 8.75 8.70
100-03 8.74 8.77 8.76 8.74 8.70
100-03+ 8.74 8.77 8.75 8.74 8.69
100-04 8.74 8.77 8.75 8.74 8.69
100-04+ 8.73 8.77 8.75 8.73 8.68
100-05 8.73 8.76 8.74 8.73 8.68
100-05+ 8.72 8.76 8.74 8.72 8.67
100-06 8.72 8.76 8.74 8.72 8.67
100-06+ 8.72 8.75 8.73 8.72 8.66
100-07 8.71 8.75 8.73 8.71 8.66
100-07+ 8.71 8.75 8.72 8.71 8.65
First Payment 3.069 3.569 3.069 3.069 3.236
Average Life 5.307 7.090 5.910 5.307 3.836
Last Payment 7.403 9.986 8.319 7.403 4.653
Mod.Dur. @ 100-00 4.014 4.969 4.352 4.014 3.125
Accrued Interest 0.680 0.680 0.680 0.680 0.680
****** PRELIMINARY MARKETING INFORMATION ******
ORIGINAL BALANCE: $8,964,000.00 BOND BF-1 BE-YIELD TABLE
YIELD TABLE DATE: 02/29/00
PREPAYMENT SPEED
PRICING SPEED
100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
99-24 9.81 9.83 9.82 9.81 9.78
99-24+ 9.80 9.82 9.81 9.80 9.78
99-25 9.80 9.82 9.81 9.80 9.77
99-25+ 9.80 9.82 9.80 9.80 9.76
99-26 9.79 9.81 9.80 9.79 9.76
99-26+ 9.79 9.81 9.80 9.79 9.75
99-27 9.78 9.81 9.79 9.78 9.75
99-27+ 9.78 9.80 9.79 9.78 9.74
99-28 9.78 9.80 9.79 9.78 9.74
99-28+ 9.77 9.80 9.78 9.77 9.73
99-29 9.77 9.79 9.78 9.77 9.73
99-29+ 9.76 9.79 9.78 9.76 9.72
99-30 9.76 9.79 9.77 9.76 9.72
- --------------------------------------------------------------------------------
16
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
99-30+ 9.76 9.78 9.77 9.76 9.71
99-31 9.75 9.78 9.76 9.75 9.71
99-31+ 9.75 9.78 9.76 9.75 9.70
100-00 9.74 9.77 9.76 9.74 9.70
100-00+ 9.74 9.77 9.75 9.74 9.69
100-01 9.74 9.77 9.75 9.74 9.69
100-01+ 9.73 9.76 9.75 9.73 9.68
100-02 9.73 9.76 9.74 9.73 9.68
100-02+ 9.72 9.76 9.74 9.72 9.67
100-03 9.72 9.75 9.73 9.72 9.67
100-03+ 9.72 9.75 9.73 9.72 9.66
100-04 9.71 9.75 9.73 9.71 9.66
100-04+ 9.71 9.75 9.72 9.71 9.65
100-05 9.71 9.74 9.72 9.71 9.65
100-05+ 9.70 9.74 9.72 9.70 9.64
100-06 9.70 9.74 9.71 9.70 9.64
100-06+ 9.69 9.73 9.71 9.69 9.63
100-07 9.69 9.73 9.71 9.69 9.63
100-07+ 9.69 9.73 9.70 9.69 9.62
First Payment 3.069 3.569 3.069 3.069 3.153
Average Life 5.307 7.090 5.910 5.307 3.757
Last Payment 7.403 9.986 8.319 7.403 4.653
Mod.Dur. @ 100-00 3.900 4.794 4.218 3.900 3.003
Accrued Interest 0.755 0.755 0.755 0.755 0.755
****** PRELIMINARY MARKETING INFORMATION ******
ORIGINAL BALANCE: $4,034,000.00 BOND BF-1A BE-YIELD TABLE
YIELD TABLE DATE: 02/29/00
PREPAYMENT SPEED
PRICING SPEED
100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
99-24 8.46 8.46 8.46 8.46 8.48
99-24+ 8.43 8.43 8.43 8.43 8.45
99-25 8.40 8.39 8.40 8.40 8.42
99-25+ 8.37 8.36 8.37 8.37 8.40
99-26 8.34 8.33 8.34 8.34 8.37
99-26+ 8.31 8.30 8.31 8.31 8.34
99-27 8.28 8.27 8.28 8.28 8.31
99-27+ 8.25 8.24 8.25 8.25 8.28
- --------------------------------------------------------------------------------
17
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
99-28 8.22 8.21 8.22 8.22 8.25
99-28+ 8.19 8.18 8.19 8.19 8.22
99-29 8.16 8.15 8.16 8.16 8.19
99-29+ 8.13 8.12 8.13 8.13 8.16
99-30 8.10 8.09 8.10 8.10 8.13
99-30+ 8.07 8.06 8.07 8.07 8.10
99-31 8.04 8.03 8.04 8.04 8.07
99-31+ 8.01 8.00 8.00 8.01 8.04
100-00 7.98 7.97 7.97 7.98 8.02
100-00+ 7.95 7.94 7.94 7.95 7.99
100-01 7.92 7.91 7.91 7.92 7.96
100-01+ 7.89 7.87 7.88 7.89 7.93
100-02 7.86 7.84 7.85 7.86 7.90
100-02+ 7.83 7.81 7.82 7.83 7.87
100-03 7.80 7.78 7.79 7.80 7.84
100-03+ 7.77 7.75 7.76 7.77 7.81
100-04 7.74 7.72 7.73 7.74 7.78
100-04+ 7.71 7.69 7.70 7.71 7.75
100-05 7.68 7.66 7.67 7.68 7.72
100-05+ 7.65 7.63 7.64 7.65 7.69
100-06 7.62 7.60 7.61 7.62 7.67
100-06+ 7.59 7.57 7.58 7.59 7.64
100-07 7.56 7.54 7.55 7.56 7.61
100-07+ 7.53 7.51 7.52 7.53 7.58
First Payment 0.069 0.069 0.069 0.069 0.069
Average Life 0.550 0.543 0.547 0.550 0.569
Last Payment 1.069 1.069 1.069 1.069 1.153
Mod.Dur. @ 100-00 0.515 0.508 0.512 0.515 0.532
Accrued Interest 0.694 0.694 0.694 0.694 0.694
****** PRELIMINARY MARKETING INFORMATION ******
ORIGINAL BALANCE: $120,995,000.00 BOND AV-1 DISCOUNT MARGIN ACT/360 TABLE
YIELD TABLE DATE: 02/29/00
ASSUMED CONSTANT LIBOR-1M 5.8800
PRICING SPEED
100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
99-24 40.66 36.61 38.84 40.66 50.33
99-24+ 39.74 35.95 38.04 39.74 48.80
99-25 38.82 35.28 37.24 38.82 47.28
99-25+ 37.90 34.62 36.43 37.90 45.76
99-26 36.99 33.95 35.63 36.99 44.24
99-26+ 36.07 33.29 34.82 36.07 42.72
- --------------------------------------------------------------------------------
18
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
99-27 35.15 32.63 34.02 35.15 41.19
99-27+ 34.24 31.96 33.22 34.24 39.67
99-28 33.32 31.30 32.41 33.32 38.15
99-28+ 32.40 30.64 31.61 32.40 36.63
99-29 31.49 29.97 30.81 31.49 35.11
99-29+ 30.57 29.31 30.01 30.57 33.59
99-30 29.66 28.65 29.21 29.66 32.07
99-30+ 28.74 27.99 28.40 28.74 30.55
99-31 27.83 27.32 27.60 27.83 29.04
99-31+ 26.91 26.66 26.80 26.91 27.52
100-00 26.00 26.00 26.00 26.00 26.00
100-00+ 25.09 25.34 25.20 25.09 24.48
100-01 24.17 24.68 24.40 24.17 22.97
100-01+ 23.26 24.02 23.60 23.26 21.45
100-02 22.35 23.36 22.80 22.35 19.93
100-02+ 21.43 22.69 22.00 21.43 18.42
100-03 20.52 22.03 21.20 20.52 16.90
100-03+ 19.61 21.37 20.40 19.61 15.38
100-04 18.70 20.71 19.60 18.70 13.87
100-04+ 17.78 20.05 18.80 17.78 12.35
100-05 16.87 19.39 18.00 16.87 10.84
100-05+ 15.96 18.73 17.20 15.96 9.32
100-06 15.05 18.07 16.41 15.05 7.81
100-06+ 14.14 17.42 15.61 14.14 6.30
100-07 13.23 16.76 14.81 13.23 4.78
100-07+ 12.32 16.10 14.01 12.32 3.27
First Payment 0.069 0.069 0.069 0.069 0.069
Average Life 1.864 2.696 2.165 1.864 1.060
Last Payment 7.403 9.986 8.319 7.403 2.319
Mod.Dur. @ 100-00 1.641 2.267 1.873 1.641 0.988
Accrued Interest 0.000 0.000 0.000 0.000 0.000
****** PRELIMINARY MARKETING INFORMATION ******
ORIGINAL BALANCE: $12,856,000.00 BOND MV-1 DISCOUNT MARGIN ACT/360 TABLE
YIELD TABLE DATE: 02/29/00
ASSUMED CONSTANT LIBOR-1M 5.8800
PRICING SPEED
100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
99-24 56.07 55.52 56.00 56.07 57.20
- --------------------------------------------------------------------------------
19
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disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
99-24+ 55.69 55.17 55.63 55.69 56.75
99-25 55.31 54.83 55.25 55.31 56.30
99-25+ 54.93 54.48 54.88 54.93 55.85
99-26 54.55 54.14 54.50 54.55 55.40
99-26+ 54.17 53.79 54.12 54.17 54.95
99-27 53.79 53.45 53.75 53.79 54.50
99-27+ 53.41 53.10 53.37 53.41 54.05
99-28 53.03 52.76 53.00 53.03 53.60
99-28+ 52.65 52.41 52.62 52.65 53.15
99-29 52.27 52.07 52.25 52.27 52.70
99-29+ 51.89 51.72 51.87 51.89 52.25
99-30 51.51 51.38 51.50 51.51 51.80
99-30+ 51.14 51.03 51.12 51.14 51.35
99-31 50.76 50.69 50.75 50.76 50.90
99-31+ 50.38 50.34 50.37 50.38 50.45
100-00 50.00 50.00 50.00 50.00 50.00
100-00+ 49.62 49.66 49.63 49.62 49.55
100-01 49.24 49.31 49.25 49.24 49.10
100-01+ 48.86 48.97 48.88 48.86 48.65
100-02 48.49 48.62 48.50 48.49 48.20
100-02+ 48.11 48.28 48.13 48.11 47.75
100-03 47.73 47.93 47.75 47.73 47.31
100-03+ 47.35 47.59 47.38 47.35 46.86
100-04 46.97 47.25 47.01 46.97 46.41
100-04+ 46.60 46.90 46.63 46.60 45.96
100-05 46.22 46.56 46.26 46.22 45.51
100-05+ 45.84 46.22 45.88 45.84 45.06
100-06 45.46 45.87 45.51 45.46 44.61
100-06+ 45.08 45.53 45.14 45.08 44.17
100-07 44.71 45.18 44.76 44.71 43.72
100-07+ 44.33 44.84 44.39 44.33 43.27
First Payment 3.653 3.236 3.486 3.653 2.319
Average Life 4.770 5.446 4.864 4.770 3.902
Last Payment 7.403 9.986 8.319 7.403 4.653
Mod.Dur. @ 100-00 3.959 4.352 4.002 3.959 3.337
Accrued Interest 0.000 0.000 0.000 0.000 0.000
****** PRELIMINARY MARKETING INFORMATION ******
ORIGINAL BALANCE: $9,453,000.00 BOND MV-2 DISCOUNT MARGIN ACT/360 TABLE
YIELD TABLE DATE: 02/29/00
ASSUMED CONSTANT LIBOR-1M 5.8800
PRICING SPEED
100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
99-24 101.67 100.65 101.34 101.67 103.87
99-24+ 101.25 100.30 100.94 101.25 103.32
- --------------------------------------------------------------------------------
20
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disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
99-25 100.83 99.94 100.55 100.83 102.76
99-25+ 100.42 99.59 100.15 100.42 102.21
99-26 100.00 99.24 99.75 100.00 101.65
99-26+ 99.58 98.88 99.36 99.58 101.10
99-27 99.16 98.53 98.96 99.16 100.54
99-27+ 98.75 98.18 98.56 98.75 99.99
99-28 98.33 97.82 98.17 98.33 99.43
99-28+ 97.91 97.47 97.77 97.91 98.88
99-29 97.50 97.12 97.37 97.50 98.32
99-29+ 97.08 96.76 96.98 97.08 97.77
99-30 96.66 96.41 96.58 96.66 97.22
99-30+ 96.25 96.06 96.19 96.25 96.66
99-31 95.83 95.71 95.79 95.83 96.11
99-31+ 95.42 95.35 95.40 95.42 95.55
100-00 95.00 95.00 95.00 95.00 95.00
100-00+ 94.58 94.65 94.60 94.58 94.45
100-01 94.17 94.30 94.21 94.17 93.89
100-01+ 93.75 93.94 93.81 93.75 93.34
100-02 93.34 93.59 93.42 93.34 92.79
100-02+ 92.92 93.24 93.02 92.92 92.23
100-03 92.50 92.89 92.63 92.50 91.68
100-03+ 92.09 92.53 92.23 92.09 91.13
100-04 91.67 92.18 91.84 91.67 90.57
100-04+ 91.26 91.83 91.44 91.26 90.02
100-05 90.84 91.48 91.05 90.84 89.47
100-05+ 90.43 91.13 90.65 90.43 88.91
100-06 90.01 90.77 90.26 90.01 88.36
100-06+ 89.60 90.42 89.86 89.60 87.81
100-07 89.18 90.07 89.47 89.18 87.26
100-07+ 88.77 89.72 89.07 88.77 86.70
First Payment 3.319 3.153 3.236 3.319 2.653
Average Life 4.347 5.389 4.644 4.347 3.107
Last Payment 7.403 9.986 8.319 7.403 4.653
Mod.Dur. @ 100-00 3.596 4.244 3.783 3.596 2.701
Accrued Interest 0.000 0.000 0.000 0.000 0.000
- --------------------------------------------------------------------------------
21
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disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
****** PRELIMINARY MARKETING INFORMATION ******
ORIGINAL BALANCE: $4,916,000.00 BOND BV-1 DISCOUNT MARGIN ACT/360 TABLE
YIELD TABLE DATE: 02/29/00
ASSUMED CONSTANT LIBOR-1M 5.8800
PRICING SPEED
100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
99-24 227.16 225.94 226.72 227.16 229.81
99-24+ 226.71 225.57 226.30 226.71 229.19
99-25 226.26 225.19 225.88 226.26 228.58
99-25+ 225.81 224.82 225.46 225.81 227.96
99-26 225.37 224.45 225.04 225.37 227.35
99-26+ 224.92 224.08 224.62 224.92 226.74
99-27 224.47 223.71 224.20 224.47 226.13
99-27+ 224.02 223.34 223.78 224.02 225.51
99-28 223.58 222.97 223.36 223.58 224.90
99-28+ 223.13 222.60 222.94 223.13 224.29
99-29 222.68 222.22 222.52 222.68 223.67
99-29+ 222.23 221.85 222.10 222.23 223.06
99-30 221.79 221.48 221.68 221.79 222.45
99-30+ 221.34 221.11 221.26 221.34 221.84
99-31 220.89 220.74 220.84 220.89 221.22
99-31+ 220.45 220.37 220.42 220.45 220.61
100-00 220.00 220.00 220.00 220.00 220.00
100-00+ 219.55 219.63 219.58 219.55 219.39
100-01 219.11 219.26 219.16 219.11 218.78
100-01+ 218.66 218.89 218.74 218.66 218.16
100-02 218.21 218.52 218.32 218.21 217.55
100-02+ 217.77 218.15 217.90 217.77 216.94
100-03 217.32 217.78 217.49 217.32 216.33
100-03+ 216.88 217.41 217.07 216.88 215.72
100-04 216.43 217.04 216.65 216.43 215.11
100-04+ 215.98 216.67 216.23 215.98 214.50
100-05 215.54 216.30 215.81 215.54 213.89
100-05+ 215.09 215.93 215.39 215.09 213.27
100-06 214.65 215.56 214.97 214.65 212.66
100-06+ 214.20 215.19 214.55 214.20 212.05
100-07 213.76 214.82 214.14 213.76 211.44
100-07+ 213.31 214.45 213.72 213.31 210.83
First Payment 3.153 3.069 3.069 3.153 2.486
Average Life 4.128 5.279 4.481 4.128 2.837
Last Payment 7.403 9.986 8.319 7.403 4.319
Mod.Dur. @ 100-00 3.333 4.017 3.549 3.333 2.432
Accrued Interest 0.000 0.000 0.000 0.000 0.000
- --------------------------------------------------------------------------------
22
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
****** PRELIMINARY MARKETING INFORMATION******
<TABLE>
<CAPTION>
ORIGINAL BALANCE: $3,025,000.00 BOND BV-1A BE-YIELD TABLE
YIELD TABLE DATE: 02/29/00
PREPAYMENT SPEED
PRICING SPEED
24.0%/ 100REP/ 75REP/ 90REP/ 100REP/ 150REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
<S> <C>
99-24 8.54 8.54 8.53 8.53 8.54 8.56
99-24+ 8.50 8.50 8.49 8.50 8.50 8.53
99-25 8.47 8.47 8.46 8.46 8.47 8.50
99-25+ 8.43 8.43 8.42 8.43 8.43 8.46
99-26 8.40 8.40 8.38 8.39 8.40 8.43
99-26+ 8.36 8.36 8.35 8.36 8.36 8.40
99-27 8.33 8.33 8.31 8.32 8.33 8.36
99-27+ 8.29 8.29 8.28 8.29 8.29 8.33
99-28 8.26 8.26 8.24 8.25 8.26 8.30
99-28+ 8.22 8.22 8.21 8.22 8.22 8.26
99-29 8.19 8.19 8.17 8.18 8.19 8.23
99-29+ 8.16 8.16 8.14 8.15 8.16 8.20
99-30 8.12 8.12 8.10 8.11 8.12 8.16
99-30+ 8.09 8.09 8.07 8.08 8.09 8.13
99-31 8.05 8.05 8.03 8.04 8.05 8.10
99-31+ 8.02 8.02 8.00 8.01 8.02 8.06
100-00 7.98 7.98 7.96 7.97 7.98 8.03
100-00+ 7.95 7.95 7.93 7.94 7.95 8.00
100-01 7.91 7.91 7.89 7.90 7.91 7.96
100-01+ 7.88 7.88 7.86 7.87 7.88 7.93
100-02 7.84 7.84 7.82 7.84 7.84 7.90
100-02+ 7.81 7.81 7.79 7.80 7.81 7.86
100-03 7.78 7.78 7.75 7.77 7.78 7.83
100-03+ 7.74 7.74 7.72 7.73 7.74 7.80
100-04 7.71 7.71 7.68 7.70 7.71 7.76
100-04+ 7.67 7.67 7.65 7.66 7.67 7.73
100-05 7.64 7.64 7.61 7.63 7.64 7.70
100-05+ 7.60 7.60 7.58 7.59 7.60 7.66
100-06 7.57 7.57 7.54 7.56 7.57 7.63
100-06+ 7.53 7.53 7.51 7.52 7.53 7.60
100-07 7.50 7.50 7.47 7.49 7.50 7.57
100-07+ 7.47 7.47 7.44 7.45 7.47 7.53
First Payment 0.069 0.069 0.069 0.069 0.069 0.069
Average Life 0.478 0.478 0.471 0.475 0.478 0.497
Last Payment 0.986 0.986 0.986 0.986 0.986 1.069
Mod.Dur. @ 100-00 0.449 0.449 0.442 0.446 0.449 0.466
Accrued Interest 0.708 0.708 0.708 0.708 0.708 0.708
</TABLE>
- --------------------------------------------------------------------------------
23
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disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
Deal Name: SASTA 2000-1
Cut Off Date: 2/1/00
Collateral: Fixed Rate Mortgages
Size: $231,279,410.83
Mortgage Summary Report
- ----------------------------------------------------------------
Number of Loans: 2,505
Lien Status: 1st and 2nd Lien
Loans
Aggregate Current Principal Balance: $231,279,410.83
Aggregate Original Principal Balance: $231,506,638.94
Weighted Average Gross Interest Rate: 10.404%
Gross Interest Rate Range: 7.250% - 15.990%
- ----------------------------------------------------------------
Average Current Principal Balance: $92,327.11
Average Original Principal Balance: $92,417.82
Maximum Current Principal Balance: $499,778.80
Minimum Current Principal Balance: $9,979.27
Maximum Original Principal Balance: $500,000.00
Minimum Original Principal Balance: $10,000.00
Weighted Average Rem Term to Mat Date: 339.566 (1)
Stated Remaining Term Range: 57 - 360
Weighted Average Age (First Pay to Paid 2.064
Through):
Age Range: 0 - 35
Weighted Average Original Term: 341.630 (1)
Original Term Range: 60 - 360
Weighted Average Original LTV: 74.972%
Original LTV Range: 6.410% - 95.000%
Weighted Average Combined LTV: 77.631% (2)
Combined LTV Range: 17.860% - 100.000%
Weighted Average Debt-to-Income Ratio: 39.302% (3)
Debt-to-Income Ratio Range: 2.070% - 79.740%
Weighted Average Borrower Credit Score: 593.096 (4)
Borrower Credit Score Range: 427 - 795
- ----------------------------------------------------------------
(1) For balloon loans, original and rem term to fully amortizing maturity date
(2) For 2,270 1st lien loans with no CLTV, original LTV is used
(3) Excludes 18 loans missing DTI ratio
(4) Excludes 70 loans missing FICO score
- --------------------------------------------------------------------------------
24
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
COUPON
Percentage of
Coupon Range Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
7.000%(less than)to(less than or equal to) 7.250% 1 $214,032.71 0.09
7.250%(less than)to(less than or equal to) 7.500% 2 $155,000.00 0.07
7.500%(less than)to(less than or equal to) 7.750% 10 $1,164,577.72 0.50
7.750%(less than)to(less than or equal to) 8.000% 23 $3,968,685.56 1.72
8.000%(less than)to(less than or equal to) 8.250% 25 $3,358,795.79 1.45
8.250%(less than)to(less than or equal to) 8.500% 49 $7,816,619.42 3.38
8.500%(less than)to(less than or equal to) 8.750% 70 $9,346,078.77 4.04
8.750%(less than)to(less than or equal to) 9.000% 96 $12,047,537.51 5.21
9.000%(less than)to(less than or equal to) 9.250% 78 $10,023,807.35 4.33
9.250%(less than)to(less than or equal to) 9.500% 131 $17,049,963.92 7.37
9.500%(less than)to(less than or equal to) 9.750% 140 $16,844,658.10 7.28
9.750%(less than)to(less than or equal to) 10.000% 216 $23,045,531.11 9.96
10.000%(less than)to(less than or equal to) 10.250% 136 $13,701,605.66 5.92
10.250%(less than)to(less than or equal to) 10.500% 182 $15,654,989.32 6.77
10.500%(less than)to(less than or equal to) 10.750% 169 $14,201,655.67 6.14
10.750%(less than)to(less than or equal to) 11.000% 212 $17,799,691.70 7.70
11.000%(less than)to(less than or equal to) 11.250% 118 $9,469,698.79 4.09
11.250%(less than)to(less than or equal to) 11.500% 161 $11,780,951.69 5.09
11.500%(less than)to(less than or equal to) 11.750% 111 $8,955,915.70 3.87
11.750%(less than)to(less than or equal to) 12.000% 134 $9,114,611.31 3.94
12.000%(less than)to(less than or equal to) 12.250% 81 $4,879,817.59 2.11
12.250%(less than)to(less than or equal to) 12.500% 82 $4,819,841.50 2.08
12.500%(less than)to(less than or equal to) 12.750% 66 $4,160,772.99 1.80
12.750%(less than)to(less than or equal to) 13.000% 64 $3,635,298.67 1.57
13.000%(less than)to(less than or equal to) 13.250% 35 $2,162,343.55 0.93
13.250%(less than)to(less than or equal to) 13.500% 32 $1,540,451.68 0.67
13.500%(less than)to(less than or equal to) 13.750% 21 $1,067,435.20 0.46
13.750%(less than)to(less than or equal to) 14.000% 26 $1,280,306.79 0.55
14.000%(less than)to(less than or equal to) 14.250% 10 $601,037.42 0.26
14.250%(less than)to(less than or equal to) 14.500% 15 $780,538.08 0.34
14.500%(less than)to(less than or equal to) 14.750% 8 $481,366.40 0.21
15.750%(less than)to(less than or equal to) 16.000% 1 $155,793.16 0.07
- ----------------------------------------------------------------------------------------------------------------------
Total: 2,505 $231,279,410.83 100.00%
=====================================================================================================================
REMAINING AMORTIZATION TERM
Percentage of
Rem Term Range Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
54(less than)to(less than or equal to) 60 4 $85,175.35 0.04
114(less than)to(less than or equal to) 120 40 $1,555,420.99 0.67
138(less than)to(less than or equal to) 144 9 $524,309.88 0.23
168(less than)to(less than or equal to) 174 9 $543,367.06 0.23
174(less than)to(less than or equal to) 180 334 $17,715,075.53 7.66
228(less than)to(less than or equal to) 234 3 $160,638.68 0.07
234(less than)to(less than or equal to) 240 53 $3,240,087.62 1.40
264(less than)to(less than or equal to) 270 1 $231,306.00 0.10
294(less than)to(less than or equal to) 300 6 $478,296.97 0.21
342(less than)to(less than or equal to) 348 1 $274,262.65 0.12
348(less than)to(less than or equal to) 354 39 $5,869,260.26 2.54
354(less than)to(less than or equal to) 360 2,006 $200,602,209.84 86.74
- -----------------------------------------------------------------------------------------------------------------------
Total: 2,505 $231,279,410.83 100.00%
=======================================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
25
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
ORIGINAL LTV RANGE
Percentage of
Original LTV Range Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
5.00(less than)to(less than or equal to) 10.00 23 $511,184.22 0.22
10.00(less than)to(less than or equal to) 15.00 52 $1,528,945.14 0.66
15.00(less than)to(less than or equal to) 20.00 63 $2,943,934.44 1.27
20.00(less than)to(less than or equal to) 25.00 48 $2,701,422.24 1.17
25.00(less than)to(less than or equal to) 30.00 41 $2,063,028.61 0.89
30.00(less than)to(less than or equal to) 35.00 29 $1,279,925.74 0.55
35.00(less than)to(less than or equal to) 40.00 34 $1,638,641.38 0.71
40.00(less than)to(less than or equal to) 45.00 38 $2,353,310.67 1.02
45.00(less than)to(less than or equal to) 50.00 66 $4,643,406.03 2.01
50.00(less than)to(less than or equal to) 55.00 49 $3,334,970.41 1.44
55.00(less than)to(less than or equal to) 60.00 81 $6,289,335.79 2.72
60.00(less than)to(less than or equal to) 65.00 124 $10,001,812.95 4.32
65.00(less than)to(less than or equal to) 70.00 209 $21,000,575.07 9.08
70.00(less than)to(less than or equal to) 75.00 301 $29,459,088.65 12.74
75.00(less than)to(less than or equal to) 80.00 604 $64,033,221.10 27.69
80.00(less than)to(less than or equal to) 85.00 312 $31,514,532.31 13.63
85.00(less than)to(less than or equal to) 90.00 396 $42,352,716.97 18.31
90.00(less than)to(less than or equal to) 95.00 35 $3,629,359.11 1.57
- -------------------------------------------------------------------------------------------------------------------
Total: 2,505 $231,279,410.83 100.00%
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
ORIGINAL COMBINED LTV RANGE
Percentage of
Original CLTV Range Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
15.00(less than)to(less than or equal to) 20.00 2 $44,925.94 0.02
20.00(less than)to(less than or equal to) 25.00 2 $60,834.22 0.03
25.00(less than)to(less than or equal to) 30.00 17 $655,589.21 0.28
30.00(less than)to(less than or equal to) 35.00 17 $716,746.56 0.31
35.00(less than)to(less than or equal to) 40.00 25 $1,061,181.06 0.46
40.00(less than)to(less than or equal to) 45.00 34 $2,145,520.04 0.93
45.00(less than)to(less than or equal to) 50.00 68 $4,733,321.17 2.05
50.00(less than)to(less than or equal to) 55.00 50 $3,334,521.58 1.44
55.00(less than)to(less than or equal to) 60.00 86 $6,583,865.40 2.85
60.00(less than)to(less than or equal to) 65.00 134 $10,563,808.05 4.57
65.00(less than)to(less than or equal to) 70.00 228 $21,752,899.04 9.41
70.00(less than)to(less than or equal to) 75.00 330 $30,933,136.44 13.37
75.00(less than)to(less than or equal to) 80.00 664 $66,550,744.14 28.78
80.00(less than)to(less than or equal to) 85.00 355 $33,191,867.19 14.35
85.00(less than)to(less than or equal to) 90.00 416 $43,377,128.46 18.76
90.00(less than)to(less than or equal to) 95.00 44 $4,055,334.61 1.75
95.00(less than)to(less than or equal to) 100.00 33 $1,517,987.72 0.66
- -----------------------------------------------------------------------------------------------------------------------
Total: 2,505 $231,279,410.83 100.00%
=======================================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
26
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE
Percentage of
Current Balance Range Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
0(less than)to(less than or equal to) 25,000 124 $2,438,943.37 1.05
25,000(less than)to(less than or equal to) 50,000 663 $25,196,109.64 10.89
50,000(less than)to(less than or equal to) 75,000 628 $38,921,165.21 16.83
75,000(less than)to(less than or equal to) 100,000 366 $32,039,233.03 13.85
100,000(less than)to(less than or equal to) 125,000 214 $24,009,907.55 10.38
125,000(less than)to(less than or equal to) 150,000 144 $19,647,361.40 8.50
150,000(less than)to(less than or equal to) 175,000 93 $14,987,204.78 6.48
175,000(less than)to(less than or equal to) 200,000 58 $10,829,131.62 4.68
200,000(less than)to(less than or equal to) 225,000 37 $7,905,548.06 3.42
225,000(less than)to(less than or equal to) 250,000 35 $8,389,280.32 3.63
250,000(less than)to(less than or equal to) 275,000 44 $11,506,676.40 4.98
275,000(less than)to(less than or equal to) 300,000 23 $6,634,315.58 2.87
300,000(less than)to(less than or equal to) 325,000 20 $6,227,159.94 2.69
325,000(less than)to(less than or equal to) 350,000 14 $4,761,589.42 2.06
350,000(less than)to(less than or equal to) 375,000 10 $3,648,212.79 1.58
375,000(less than)to(less than or equal to) 400,000 8 $3,124,049.39 1.35
400,000(less than)to(less than or equal to) 425,000 5 $2,076,677.39 0.90
425,000(less than)to(less than or equal to) 450,000 4 $1,756,252.47 0.76
450,000(less than)to(less than or equal to) 475,000 8 $3,701,423.39 1.60
475,000(less than)to(less than or equal to) 500,000 7 $3,479,169.08 1.50
- -----------------------------------------------------------------------------------------------------------------------
Total: 2,505 $231,279,410.83 100.00%
=======================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
PRODUCT TYPE
Percentage of
Product Type Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
10 Yr Fixed 40 $1,555,420.99 0.67
12 Yr Fixed 9 $524,309.88 0.23
15 Yr Fixed 343 $18,258,442.59 7.89
20 Yr Fixed 56 $3,400,726.30 1.47
25 Yr Fixed 6 $478,296.97 0.21
30 Yr Fixed 867 $88,778,787.71 38.39
30/15Yr Bln 1,179 $118,103,675.51 51.07
30/5Yr Bln 1 $94,575.53 0.04
5 Yr Fixed 4 $85,175.35 0.04
- -------------------------------------------------------------------------------------------
Total: 2,505 $231,279,410.83 100.00%
===========================================================================================
</TABLE>
<TABLE>
<CAPTION>
PROPERTY TYPE
Percentage of
Property Type Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
2-4 Family 133 $13,333,161.87 5.76
High Rise Condominium 10 $1,071,104.50 0.46
Low Rise Condominium 58 $4,522,404.98 1.96
Manufactured Housing 97 $6,434,232.20 2.78
PUD 86 $11,599,928.53 5.02
Single Family Attached 63 $4,122,823.08 1.78
Single Family Detached 2,034 $188,923,253.64 81.69
Townhouse 23 $1,205,002.03 0.52
Unknown 1 $67,500.00 0.03
- -------------------------------------------------------------------------------------------
Total: 2,505 $231,279,410.83 100.00%
===========================================================================================
</TABLE>
- --------------------------------------------------------------------------------
27
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
OWNER OCCUPANCY
Percentage of
Owner Occupancy Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
Investor 214 $13,985,986.95 6.05
Primary 2,278 $215,722,669.06 93.27
Second Home 13 $1,570,754.82 0.68
- -------------------------------------------------------------------------------------------
Total: 2,505 $231,279,410.83 100.00%
===========================================================================================
</TABLE>
<TABLE>
<CAPTION>
DOCUMENTATION
Percentage of
Documentation Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
Full Documentation 2,028 $174,676,419.01 75.53
Limited Documentation 129 $17,753,669.75 7.68
No Ratio 12 $1,046,265.95 0.45
Stated Income 336 $37,803,056.12 16.35
- -------------------------------------------------------------------------------------------
Total: 2,505 $231,279,410.83 100.00%
===========================================================================================
</TABLE>
<TABLE>
<CAPTION>
LOAN PURPOSE
Percentage of
Loan Purpose Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
Cash-Out Refinance 1,722 $152,091,561.91 65.76
Purchase 531 $50,794,576.17 21.96
Refinance 252 $28,393,272.75 12.28
- -------------------------------------------------------------------------------------------
Total: 2,505 $231,279,410.83 100.00%
===========================================================================================
</TABLE>
<TABLE>
<CAPTION>
LIEN STATUS
Percentage of
Lien Status Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
1 2,270 $220,785,294.89 95.46
2 235 $10,494,115.94 4.54
- -------------------------------------------------------------------------------------------
Total: 2,505 $231,279,410.83 100.00%
===========================================================================================
</TABLE>
<TABLE>
<CAPTION>
CREDIT QUALITY
Percentage of
Credit Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
A+ 271 $32,094,859.81 13.88
A 408 $37,028,579.64 16.01
A- 925 $93,852,487.17 40.58
B 506 $39,595,272.19 17.12
C 338 $25,354,988.92 10.96
D 57 $3,353,223.10 1.45
- -------------------------------------------------------------------------------------------
Total: 2,505 $231,279,410.83 100.00%
===========================================================================================
</TABLE>
- --------------------------------------------------------------------------------
28
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
GEOGRAPHIC DISTRIBUTION
Percentage of
State Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
Alaska 4 $663,488.81 0.29
Arizona 44 $3,517,068.85 1.52
Arkansas 25 $1,677,379.61 0.73
California 305 $41,743,660.09 18.05
Colorado 63 $6,391,565.53 2.76
Connecticut 36 $4,039,091.97 1.75
Delaware 13 $1,113,317.56 0.48
District of Columbia 9 $1,064,034.93 0.46
Florida 172 $13,913,538.38 6.02
Georgia 134 $11,983,511.68 5.18
Hawaii 25 $4,779,959.25 2.07
Idaho 15 $1,156,226.54 0.50
Illinois 105 $9,668,284.38 4.18
Indiana 85 $5,069,865.87 2.19
Iowa 33 $2,057,677.54 0.89
Kansas 33 $2,571,802.53 1.11
Kentucky 24 $2,019,834.24 0.87
Louisiana 70 $4,585,910.13 1.98
Maryland 37 $4,506,852.70 1.95
Massachusetts 14 $1,541,975.25 0.67
Michigan 139 $10,605,533.39 4.59
Minnesota 44 $4,840,755.79 2.09
Mississippi 26 $1,905,957.45 0.82
Missouri 61 $3,503,205.10 1.51
Montana 4 $276,435.14 0.12
Nebraska 5 $264,191.62 0.11
Nevada 13 $1,419,768.91 0.61
New Hampshire 6 $530,400.00 0.23
New Jersey 63 $6,915,743.41 2.99
New Mexico 14 $1,390,485.51 0.60
New York 54 $7,866,539.60 3.40
North Carolina 42 $3,456,044.76 1.49
North Dakota 1 $81,000.00 0.04
Ohio 126 $8,929,131.08 3.86
Oklahoma 33 $2,081,403.67 0.90
Oregon 34 $3,715,985.74 1.61
Pennsylvania 118 $9,305,623.46 4.02
Rhode Island 6 $544,114.92 0.24
South Carolina 21 $2,096,164.27 0.91
South Dakota 1 $132,300.00 0.06
Tennessee 93 $6,106,085.17 2.64
Texas 162 $12,398,345.27 5.36
Utah 25 $2,588,992.45 1.12
Vermont 1 $64,581.47 0.03
Virginia 87 $8,370,850.88 3.62
Washington 45 $5,282,229.31 2.28
West Virginia 9 $546,808.77 0.24
Wisconsin 21 $1,804,199.46 0.78
Wyoming 5 $191,488.39 0.08
- -------------------------------------------------------------------------------------------
Total: 2,505 $231,279,410.83 100.00%
===========================================================================================
</TABLE>
<TABLE>
<CAPTION>
AMORTIZATION
Percentage of
Amortization Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
Fully Amortizing 1,325 $113,081,159.79 48.89
Partially Amortizing 1,180 $118,198,251.04 51.11
- -------------------------------------------------------------------------------------------
Total: 2,505 $231,279,410.83 100.00%
===========================================================================================
</TABLE>
Deal Name: SASTA 2000-1
- --------------------------------------------------------------------------------
29
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
Cut Off Date: 2/1/00
Collateral: Adjustable Rate Mortgages
Size: $117,085,572.81
Mortgage Summary Report
- ------------------------------------------------------------------
Number of Loans: 1,016
Lien Status: 1st Lien Loans
Index:6 mo LIBOR & 1 Yr CMT
Aggregate Current Principal Balance: $117,085,572.81
Aggregate Original Principal Balance: $117,147,233.00
- ------------------------------------------------------------------
Weighted Average Gross Interest Rate: 10.221%
Gross Interest Rate Range: 7.010% - 13.990%
Weighted Average Gross Margin: 6.288%
Gross Margin Range: 3.875% - 9.500%
Weighted Average Gross Life Cap: 16.809%
Gross Life Cap Range: 13.010% - 20.125%
Weighted Average Gross Life Floor: 10.136%
Gross Life Floor Range: 5.900% - 13.990%
- ------------------------------------------------------------------
Average Current Principal Balance: $115,241.71
Average Original Principal Balance: $115,302.39
Maximum Current Principal Balance: $879,543.79
Minimum Current Principal Balance: $23,900.00
Maximum Original Principal Balance: $880,000.00
Minimum Original Principal Balance: $23,900.00
Weighted Average Rem Term to Mat Date: 358.162
Remaining Term Range: 339 - 360
Weighted Average Age (First Pay to Paid 1.838
Through):
Age Range: 0 - 21
Weighted Average Original Term to Mat Date: 360.000
Original Term Range: 360 - 360
Weighted Average Original LTV: 78.772%
Original LTV Range: 20.000% - 95.000%
Weighted Average Original Combined LTV: 78.772%
Original Combined LTV Range: 20.000% - 95.000%
Weighted Average Periodic Interest Cap: 1.121%
Periodic Interest Cap Range: 1.000% - 3.000%
Weighted Average Months to Interest Roll: 28.670
Months to Interest Roll Range: 3 - 36
Weighted Average Interest Roll Frequency: 6.016
Interest Roll Frequency Range: 6 - 12
Weighted Average Debt-to-Income Ratio: 39.934% (1)
Debt-to-Income Ratio Range: 6.444% - 76.029%
Weighted Average Borrower Credit Score: 577.157 (2)
Borrower Credit Score Range: 464 - 795
- ------------------------------------------------------------------
(1) Excludes 1 loan missing DTI ratio
(2) Excludes 34 loans missing FICO score
- --------------------------------------------------------------------------------
30
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
COUPON
Percentage of
Coupon Range Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
7.000%(less than)to(less than or equal to) 7.250% 2 $252,895.28 0.22
7.250%(less than)to(less than or equal to) 7.500% 1 $84,000.00 0.07
7.500%(less than)to(less than or equal to) 7.750% 2 $337,330.87 0.29
7.750%(less than)to(less than or equal to) 8.000% 7 $1,281,254.80 1.09
8.000%(less than)to(less than or equal to) 8.250% 8 $1,360,638.98 1.16
8.250%(less than)to(less than or equal to) 8.500% 16 $1,888,073.72 1.61
8.500%(less than)to(less than or equal to) 8.750% 14 $1,825,838.25 1.56
8.750%(less than)to(less than or equal to) 9.000% 54 $7,144,643.57 6.10
9.000%(less than)to(less than or equal to) 9.250% 39 $5,698,810.76 4.87
9.250%(less than)to(less than or equal to) 9.500% 67 $8,540,084.25 7.29
9.500%(less than)to(less than or equal to) 9.750% 77 $9,107,161.68 7.78
9.750%(less than)to(less than or equal to) 10.000% 128 $16,008,308.18 13.67
10.000%(less than)to(less than or equal to) 10.250% 80 $10,802,630.95 9.23
10.250%(less than)to(less than or equal to) 10.500% 99 $11,090,250.02 9.47
10.500%(less than)to(less than or equal to) 10.750% 95 $9,855,509.98 8.42
10.750%(less than)to(less than or equal to) 11.000% 110 $12,253,119.84 10.47
11.000%(less than)to(less than or equal to) 11.250% 63 $5,979,919.92 5.11
11.250%(less than)to(less than or equal to) 11.500% 43 $4,218,104.15 3.60
11.500%(less than)to(less than or equal to) 11.750% 25 $2,265,304.14 1.93
11.750%(less than)to(less than or equal to) 12.000% 43 $3,928,750.19 3.36
12.000%(less than)to(less than or equal to) 12.250% 8 $792,418.37 0.68
12.250%(less than)to(less than or equal to) 12.500% 16 $1,098,933.54 0.94
12.500%(less than)to(less than or equal to) 12.750% 9 $537,990.65 0.46
12.750%(less than)to(less than or equal to) 13.000% 6 $485,830.86 0.41
13.000%(less than)to(less than or equal to) 13.250% 1 $78,100.00 0.07
13.250%(less than)to(less than or equal to) 13.500% 2 $94,200.00 0.08
13.750%(less than)to(less than or equal to) 14.000% 1 $75,469.86 0.06
- ------------------------------------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
========================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
REMAINING TERM TO STATED MATURITY
Percentage of
Rem Term Range Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
336(less than)to(less than or equal to) 342 1 $49,395.11 0.04
342(less than)to(less than or equal to) 348 1 $41,786.86 0.04
348(less than)to(less than or equal to) 354 41 $4,910,857.75 4.19
354(less than)to(less than or equal to) 360 973 $112,083,533.09 95.73
- ----------------------------------------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
=============================================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
31
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
ORIGINAL LTV RANGE
Percentage of
Original LTV Range Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
15.00(less than)to(less than or equal to) 20.00 1 $26,990.88 0.02
20.00(less than)to(less than or equal to) 25.00 1 $99,973.53 0.09
25.00(less than)to(less than or equal to) 30.00 1 $24,900.00 0.02
30.00(less than)to(less than or equal to) 35.00 5 $460,508.69 0.39
35.00(less than)to(less than or equal to) 40.00 5 $333,944.23 0.29
40.00(less than)to(less than or equal to) 45.00 7 $551,212.00 0.47
45.00(less than)to(less than or equal to) 50.00 13 $936,073.65 0.80
50.00(less than)to(less than or equal to) 55.00 15 $1,474,560.42 1.26
55.00(less than)to(less than or equal to) 60.00 22 $1,563,706.65 1.34
60.00(less than)to(less than or equal to) 65.00 57 $7,366,226.63 6.29
65.00(less than)to(less than or equal to) 70.00 93 $10,802,292.82 9.23
70.00(less than)to(less than or equal to) 75.00 132 $15,305,184.50 13.07
75.00(less than)to(less than or equal to) 80.00 267 $32,330,426.82 27.61
80.00(less than)to(less than or equal to) 85.00 194 $20,808,883.66 17.77
85.00(less than)to(less than or equal to) 90.00 195 $24,113,945.06 20.60
90.00(less than)to(less than or equal to) 95.00 8 $886,743.27 0.76
- ------------------------------------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
========================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
ORIGINAL COMBINED LTV RANGE
Percentage of
Original CLTV Range Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
15.00(less than)to(less than or equal to) 20.00 1 $26,990.88 0.02
20.00(less than)to(less than or equal to) 25.00 1 $99,973.53 0.09
25.00(less than)to(less than or equal to) 30.00 1 $24,900.00 0.02
30.00(less than)to(less than or equal to) 35.00 5 $460,508.69 0.39
35.00(less than)to(less than or equal to) 40.00 5 $333,944.23 0.29
40.00(less than)to(less than or equal to) 45.00 7 $551,212.00 0.47
45.00(less than)to(less than or equal to) 50.00 13 $936,073.65 0.80
50.00(less than)to(less than or equal to) 55.00 15 $1,474,560.42 1.26
55.00(less than)to(less than or equal to) 60.00 22 $1,563,706.65 1.34
60.00(less than)to(less than or equal to) 65.00 57 $7,366,226.63 6.29
65.00(less than)to(less than or equal to) 70.00 93 $10,802,292.82 9.23
70.00(less than)to(less than or equal to) 75.00 132 $15,305,184.50 13.07
75.00(less than)to(less than or equal to) 80.00 267 $32,330,426.82 27.61
80.00(less than)to(less than or equal to) 85.00 194 $20,808,883.66 17.77
85.00(less than)to(less than or equal to) 90.00 195 $24,113,945.06 20.60
90.00(less than)to(less than or equal to) 95.00 8 $886,743.27 0.76
- ------------------------------------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
========================================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
32
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
CURRENT BALANCE
<TABLE>
<CAPTION>
Percentage of
Current Balance Range Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
0(less than)to(less than or equal to) 25,000 4 $98,591.32 0.08
25,000(less than)to(less than or equal to) 50,000 118 $4,837,800.87 4.13
50,000(less than)to(less than or equal to) 75,000 250 $15,869,097.79 13.55
75,000(less than)to(less than or equal to) 100,000 182 $15,935,856.44 13.61
100,000(less than)to(less than or equal to) 125,000 134 $14,996,257.06 12.81
125,000(less than)to(less than or equal to) 150,000 107 $14,767,119.46 12.61
150,000(less than)to(less than or equal to) 175,000 71 $11,585,654.86 9.90
175,000(less than)to(less than or equal to) 200,000 39 $7,248,996.06 6.19
200,000(less than)to(less than or equal to) 225,000 29 $6,242,976.18 5.33
225,000(less than)to(less than or equal to) 250,000 26 $6,170,714.34 5.27
250,000(less than)to(less than or equal to) 275,000 21 $5,453,237.98 4.66
275,000(less than)to(less than or equal to) 300,000 10 $2,898,806.05 2.48
300,000(less than)to(less than or equal to) 325,000 6 $1,860,625.88 1.59
325,000(less than)to(less than or equal to) 350,000 2 $685,703.96 0.59
350,000(less than)to(less than or equal to) 375,000 4 $1,438,321.41 1.23
375,000(less than)to(less than or equal to) 400,000 3 $1,182,500.00 1.01
400,000(less than)to(less than or equal to) 425,000 1 $405,000.00 0.35
425,000(less than)to(less than or equal to) 450,000 1 $439,123.95 0.38
450,000(less than)to(less than or equal to) 475,000 1 $460,000.00 0.39
475,000(less than)to(less than or equal to) 500,000 1 $488,000.00 0.42
525,000(less than)to(less than or equal to) 550,000 1 $534,400.00 0.46
600,000(less than)to(less than or equal to) 625,000 3 $1,860,076.09 1.59
725,000(less than)to(less than or equal to) 750,000 1 $747,169.32 0.64
875,000(less than)to(less than or equal to) 900,000 1 $879,543.79 0.75
- -----------------------------------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
=======================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
PRODUCT TYPE
Percentage of
Product Type Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
1CMT 4 $316,050.00 0.27
2Yr/6Libor 455 $50,794,404.06 43.38
3Yr/6Libor 553 $65,249,414.58 55.73
6Libor 4 $725,704.17 0.62
- --------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
============================================================================================
</TABLE>
- --------------------------------------------------------------------------------
33
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PROPERTY TYPE
Percentage of
Property Type Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
2-4 Family 37 $4,474,509.46 3.82
Deminimus PUD 2 $161,024.48 0.14
High Rise Condominium 7 $1,080,523.66 0.92
Low Rise Condominium 47 $4,873,315.98 4.16
Manufactured Housing 27 $2,092,361.42 1.79
PUD 55 $8,440,719.28 7.21
Single Family Attached 13 $2,302,127.14 1.97
Single Family Detached 822 $93,189,422.04 79.59
Townhouse 6 $471,569.35 0.40
- --------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
============================================================================================
</TABLE>
<TABLE>
<CAPTION>
OWNER OCCUPANCY
Percentage of
Owner Occupancy Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
Investor 62 $4,716,218.21 4.03
Primary 949 $111,998,021.66 95.65
Second Home 5 $371,332.94 0.32
- --------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
============================================================================================
</TABLE>
DOCUMENTATION
<TABLE>
<CAPTION>
Percentage of
Documentation Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
Full Documentation 784 $86,078,796.96 73.52
Limited Documentation 52 $7,548,896.26 6.45
Stated Income 180 $23,457,879.59 20.03
- --------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
============================================================================================
</TABLE>
LOAN PURPOSE
<TABLE>
<CAPTION>
Percentage of
Loan Purpose Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
Cash-Out Refinance 491 $56,780,140.10 48.49
Purchase 421 $47,685,841.82 40.73
Refinance 104 $12,619,590.89 10.78
- --------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
============================================================================================
</TABLE>
- --------------------------------------------------------------------------------
34
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
LIEN STATUS
Percentage of
Lien Status Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
1 1,016 $117,085,572.81 100.00
- --------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
============================================================================================
</TABLE>
CREDIT QUALITY
<TABLE>
<CAPTION>
Percentage of
Credit Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
A+ 10 $1,388,822.17 1.19
A 45 $7,652,392.34 6.54
A- 432 $53,172,761.43 45.41
B 276 $28,724,854.46 24.53
C 209 $21,561,903.37 18.42
D 44 $4,584,839.04 3.92
- --------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
============================================================================================
</TABLE>
<TABLE>
<CAPTION>
GROSS MARGIN RANGE
Percentage of
Gross Margin Range Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
3.750%(less than)to(less than or equal to) 4.000% 4 $1,471,943.79 1.26
4.000%(less than)to(less than or equal to) 4.250% 2 $161,081.16 0.14
4.250%(less than)to(less than or equal to) 4.500% 5 $471,984.13 0.40
4.500%(less than)to(less than or equal to) 4.750% 5 $1,737,196.47 1.48
4.750%(less than)to(less than or equal to) 5.000% 24 $3,718,774.61 3.18
5.000%(less than)to(less than or equal to) 5.250% 49 $5,757,410.26 4.92
5.250%(less than)to(less than or equal to) 5.500% 73 $7,708,478.77 6.58
5.500%(less than)to(less than or equal to) 5.750% 47 $5,877,579.00 5.02
5.750%(less than)to(less than or equal to) 6.000% 142 $16,124,210.68 13.77
6.000%(less than)to(less than or equal to) 6.250% 108 $11,819,533.34 10.09
6.250%(less than)to(less than or equal to) 6.500% 185 $21,428,420.82 18.30
6.500%(less than)to(less than or equal to) 6.750% 94 $9,862,955.30 8.42
6.750%(less than)to(less than or equal to) 7.000% 145 $16,894,296.34 14.43
7.000%(less than)to(less than or equal to) 7.250% 73 $8,817,859.33 7.53
7.250%(less than)to(less than or equal to) 7.500% 27 $2,589,983.26 2.21
7.500%(less than)to(less than or equal to) 7.750% 12 $931,472.58 0.80
7.750%(less than)to(less than or equal to) 8.000% 6 $572,466.63 0.49
8.000%(less than)to(less than or equal to) 8.250% 7 $537,970.90 0.46
8.250%(less than)to(less than or equal to) 8.500% 5 $322,911.23 0.28
8.500%(less than)to(less than or equal to) 8.750% 1 $191,568.21 0.16
9.250%(less than)to(less than or equal to) 9.500% 2 $87,476.00 0.07
- -----------------------------------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
=======================================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
35
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
GROSS LIFE CAP RANGE
<TABLE>
<CAPTION>
Percentage of
Life Cap Range Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
13.00%(less than)to(less than or equal to) 13.50% 2 $252,895.28 0.22
13.50%(less than)to(less than or equal to) 14.00% 9 $1,618,585.67 1.38
14.00%(less than)to(less than or equal to) 14.50% 23 $3,435,612.70 2.93
14.50%(less than)to(less than or equal to) 15.00% 46 $5,992,696.12 5.12
15.00%(less than)to(less than or equal to) 15.50% 55 $7,794,938.40 6.66
15.50%(less than)to(less than or equal to) 16.00% 105 $13,671,233.74 11.68
16.00%(less than)to(less than or equal to) 16.50% 117 $13,898,319.08 11.87
16.50%(less than)to(less than or equal to) 17.00% 175 $20,855,240.32 17.81
17.00%(less than)to(less than or equal to) 17.50% 149 $17,312,080.12 14.79
17.50%(less than)to(less than or equal to) 18.00% 159 $16,246,760.79 13.88
18.00%(less than)to(less than or equal to) 18.50% 80 $7,799,892.79 6.66
18.50%(less than)to(less than or equal to) 19.00% 61 $5,634,213.34 4.81
19.00%(less than)to(less than or equal to) 19.50% 23 $1,666,329.68 1.42
19.50%(less than)to(less than or equal to) 20.00% 11 $828,674.78 0.71
20.00%(less than)to(less than or equal to) 20.50% 1 $78,100.00 0.07
- -----------------------------------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
=======================================================================================================================
</TABLE>
GROSS LIFE FLOOR RANGE
<TABLE>
<CAPTION>
Percentage of
Life Floor Range Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
5.50%(less than)to(less than or equal to) 6.00% 2 $649,808.42 0.55
6.00%(less than)to(less than or equal to) 6.50% 2 $290,225.00 0.25
6.50%(less than)to(less than or equal to) 7.00% 2 $167,400.00 0.14
7.00%(less than)to(less than or equal to) 7.50% 8 $921,233.17 0.79
7.50%(less than)to(less than or equal to) 8.00% 20 $3,325,645.98 2.84
8.00%(less than)to(less than or equal to) 8.50% 25 $3,697,187.70 3.16
8.50%(less than)to(less than or equal to) 9.00% 66 $8,527,523.40 7.28
9.00%(less than)to(less than or equal to) 9.50% 102 $13,807,447.50 11.79
9.50%(less than)to(less than or equal to) 10.00% 196 $23,406,323.37 19.99
10.00%(less than)to(less than or equal to) 10.50% 175 $21,107,517.15 18.03
10.50%(less than)to(less than or equal to) 11.00% 201 $21,630,239.44 18.47
11.00%(less than)to(less than or equal to) 11.50% 106 $10,198,024.07 8.71
11.50%(less than)to(less than or equal to) 12.00% 68 $6,194,054.33 5.29
12.00%(less than)to(less than or equal to) 12.50% 24 $1,891,351.91 1.62
12.50%(less than)to(less than or equal to) 13.00% 15 $1,023,821.51 0.87
13.00%(less than)to(less than or equal to) 13.50% 3 $172,300.00 0.15
13.50%(less than)to(less than or equal to) 14.00% 1 $75,469.86 0.06
- ------------------------------------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
========================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
PERIODIC INTEREST CAP
Percentage of
Periodic Interest Cap Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
1.00% 781 $90,049,439.89 76.91
1.50% 226 $26,198,844.46 22.38
2.00% 6 $612,985.62 0.52
3.00% 3 $224,302.84 0.19
- --------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
============================================================================================
</TABLE>
- --------------------------------------------------------------------------------
36
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
NEXT INTEREST ROLL DATE
Percentage of
Next Roll Date Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
5/1/00 1 $49,395.11 0.04
7/1/00 3 $473,004.17 0.40
8/1/00 1 $252,700.00 0.22
11/1/00 1 $41,786.86 0.04
1/1/01 3 $256,050.00 0.22
2/1/01 1 $60,000.00 0.05
4/1/01 2 $199,597.27 0.17
5/1/01 2 $334,567.83 0.29
6/1/01 1 $43,219.10 0.04
6/28/01 1 $141,444.63 0.12
7/1/01 5 $746,677.42 0.64
7/5/01 1 $85,223.01 0.07
7/8/01 1 $50,867.50 0.04
7/9/01 1 $130,159.12 0.11
7/22/01 1 $124,511.78 0.11
8/1/01 11 $1,293,003.32 1.10
8/3/01 1 $90,729.43 0.08
8/10/01 1 $303,508.56 0.26
8/11/01 1 $99,777.45 0.09
8/16/01 1 $49,362.76 0.04
9/1/01 24 $2,328,660.52 1.99
9/7/01 1 $61,088.64 0.05
9/9/01 1 $439,123.95 0.38
10/1/01 14 $1,556,170.18 1.33
11/1/01 38 $4,739,101.85 4.05
12/1/01 101 $11,080,612.13 9.46
12/6/01 1 $104,939.46 0.09
1/1/02 215 $23,671,071.18 20.22
2/1/02 28 $3,029,805.00 2.59
4/1/02 2 $147,181.01 0.13
5/1/02 4 $333,437.55 0.28
6/1/02 2 $469,372.21 0.40
7/1/02 5 $618,344.56 0.53
8/1/02 2 $193,251.44 0.17
9/1/02 17 $1,808,424.78 1.54
10/1/02 22 $2,504,407.04 2.14
10/18/02 1 $79,930.61 0.07
11/1/02 28 $3,968,207.68 3.39
11/18/02 1 $67,960.89 0.06
11/23/02 1 $60,256.78 0.05
12/1/02 133 $18,918,010.32 16.16
12/8/02 2 $161,026.94 0.14
12/10/02 1 $59,982.79 0.05
12/20/02 1 $122,363.99 0.10
12/23/02 1 $53,979.67 0.05
12/28/02 1 $24,991.32 0.02
1/1/03 245 $26,325,600.00 22.48
1/5/03 1 $67,500.00 0.06
1/6/03 1 $63,750.00 0.05
1/19/03 1 $113,050.00 0.10
1/20/03 1 $223,000.00 0.19
1/21/03 1 $36,500.00 0.03
2/1/03 79 $8,828,885.00 7.54
- --------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
============================================================================================
</TABLE>
- --------------------------------------------------------------------------------
37
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
<PAGE>
- --------------------------------------------------------------------------------
Saxon Asset Securities Trust 2000-1
Computational Materials
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
GEOGRAPHIC DISTRIBUTION
Percentage of
State Number of Aggregate Unpaid Cut-Off Date
Mortgage Principal Balance Aggregate
Loans Principal Bal
<S> <C>
Alaska 4 $655,279.43 0.56
Arizona 28 $3,501,640.15 2.99
Arkansas 6 $513,006.16 0.44
California 215 $35,502,008.02 30.32
Colorado 31 $3,595,876.98 3.07
Connecticut 14 $1,870,282.65 1.60
Delaware 3 $256,950.00 0.22
District of Columbia 1 $165,321.61 0.14
Florida 50 $5,103,985.21 4.36
Georgia 26 $2,636,590.79 2.25
Hawaii 6 $1,108,956.56 0.95
Idaho 12 $1,265,978.47 1.08
Illinois 62 $7,454,692.73 6.37
Indiana 33 $3,003,712.30 2.57
Iowa 14 $829,650.00 0.71
Kansas 2 $231,846.44 0.20
Kentucky 13 $1,120,558.58 0.96
Louisiana 19 $1,621,615.83 1.38
Maryland 12 $1,265,243.24 1.08
Massachusetts 16 $2,239,228.52 1.91
Michigan 37 $2,915,305.57 2.49
Minnesota 18 $1,740,333.07 1.49
Mississippi 6 $536,724.06 0.46
Missouri 33 $1,981,786.40 1.69
Montana 1 $84,863.42 0.07
Nebraska 1 $34,350.00 0.03
Nevada 18 $2,455,632.67 2.10
New Hampshire 1 $50,867.50 0.04
New Jersey 13 $2,049,101.71 1.75
New Mexico 4 $296,647.90 0.25
New York 7 $667,040.94 0.57
North Carolina 9 $708,449.98 0.61
North Dakota 1 $51,975.73 0.04
Ohio 47 $3,751,517.21 3.20
Oklahoma 7 $505,662.26 0.43
Oregon 14 $1,605,561.89 1.37
Pennsylvania 28 $2,436,436.45 2.08
Rhode Island 1 $95,000.00 0.08
South Carolina 4 $334,467.02 0.29
South Dakota 2 $125,267.92 0.11
Tennessee 7 $496,155.91 0.42
Texas 70 $6,417,554.94 5.48
Utah 19 $2,763,096.93 2.36
Virginia 28 $3,196,634.71 2.73
Washington 57 $6,169,209.13 5.27
West Virginia 2 $160,612.99 0.14
Wisconsin 13 $1,444,076.70 1.23
Wyoming 1 $68,816.13 0.06
- --------------------------------------------------------------------------------------------
Total: 1,016 $117,085,572.81 100.00%
============================================================================================
</TABLE>
- --------------------------------------------------------------------------------
38
This page must be accompanied by a disclaimer. If you did not receive such a
disclaimer, please contact your Prudential Securities Incorporated Advisor
immediately. This structural Term Sheet supersedes any previous structural
Term Sheets and will be superseded by the structural information in the
Prospectus Supplement.
