<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) September 24, 1997
------------------
UCFC Funding Corporation
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Louisiana 333-7939 72-1328674
- ------------------------------ ------------ --------------
(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) ID Number)
4041 Essen Lane, Baton Rouge, Louisiana 70809
- ---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (504) 924-6007
--------------
N/A
-------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
Filing of Computational Materials.*
Pursuant to Rule 424(b) under the Securities Act of 1933, as amended, UCFC
Funding Corporation(R) (the "Depositor") is filing a prospectus and prospectus
supplement with the Securities and Exchange Commission relating to its
Manufactured Housing Contract Pass-Through Certificates, Series 1997-3.
In connection with the offering of the Manufactured Housing Contract
Pass-Through Certificates, Series 1997-3, Prudential Securities Incorporated
prepared certain materials (the "Computational Materials") which were
distributed by Prudential Securities Incorporated and Credit Suisse First Boston
Corporation (the "Underwriters") to their potential investors. Although the
Depositor provided the Underwriters with certain information regarding the
characteristics of the Manufactured Housing Contracts in the related portfolio,
it did not participate in the preparation of the Computational Materials. The
Computational Materials are attached hereto as Exhibit 99.1.
- --------
* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the Prospectus dated March 25, 1997, and Prospectus
Supplement dated September 24, 1997, of UCFC Funding Corporation(R), relating to
its Manufactured Housing Contract Pass-Through Certificates, Series 1997-3.
-2-
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
8.1 Opinion of Stroock & Stroock & Lavan LLP with
respect to certain tax matters.
23.1 Consent of Stroock & Stroock & Lavan LLP (included in
Exhibit 8.1).
99.1 Computational Materials.
-3-
<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.
UCFC ACCEPTANCE CORPORATION(R)
By: /s/ H.C. McCall, III
-----------------------------
Name: H. C. McCall, III
Title: President
Dated: September 24, 1997
<PAGE>
EXHIBIT INDEX
-------------
Exhibit Page
- ------- ----
8.1 Opinion of Stroock & Stroock & Lavan LLP with respect to
certain tax matters.
23.1 Consent of Stroock & Stroock & Lavan LLP (included in
Exhibit 8.1).
99.1 Computational Materials.
<PAGE>
Exhibit 8.1
Stroock & Stroock & Lavan LLP
180 Maiden Lane
New York, New York 10038-4982
September 24, 1997
UCFC Funding Corporation(R)
4041 Essen Lane
Baton Rouge, Louisiana 70809
RE: UCFC Funding Corporation
Registration Statement on Form S-3
(File No. 333-07939)
----------------------------------
Ladies and Gentlemen:
We have acted as special counsel for UCFC Funding Corporation(R), a Louisiana
Corporation ("the Company") in connection with the issuance of $70,125,000
aggregate principal amount of UCFC MH Trust 1997-3 of Manufactured Housing
Contract Pass-through Certificates, Series 1997-3 (the "Certificates"). A
Registration Statement on Form S-3 relating to the Certificates (No. 333-7939)
(the "Registration Statement") has been filed with the Securities and Exchange
Commission under the Securities Act of 1933, as amended (the "Securities Act").
As set forth in the Prospectus dated March 25, 1997 and the Prospectus
Supplement dated September 24, 1997, the Certificates will be issued by a trust
established by the Company pursuant to the provisions of a Pooling and Servicing
Agreement dated as of September 1, 1997 (the "Pooling and Servicing Agreement")
among the Company, as Depositor, United Companies Lending Corporation(R), as the
Servicer, United Companies Financial Corporation, as the Guarantor, and Bankers
Trust Company of California, N.A., as the Trustee.
We have examined a form of the Pooling and Servicing Agreement, a form of the
Certificates, and a form of the Prospectus and Prospectus Supplement referred to
above. We also have examined such other documents, papers, statutes and
authorities as we have deemed necessary to form the basis for the opinions
hereinafter expressed. In our examination of such material, we have assumed the
genuineness of all signatures, the authenticity of all documents submitted to us
as originals and the conformity to original documents of copies of documents
submitted to us.
On the basis of the foregoing, we are of the opinion that the information in the
Prospectus Supplement under the caption "Federal Income Tax Considerations," and
in the Prospectus under the caption "Federal Income Tax Considerations," to the
extent that it constitutes matters of law or legal conclusions, is correct in
all material respects.
This opinion is based on current provisions of the Internal Revenue Code of
1986, as amended, the Treasury regulations promulgated thereunder, and judicial
and administrative interpretations thereof.
Except as provided below, this opinion is solely for the benefit of the
addressee hereof and may not be relied upon in any manner by any other person or
entity.
<PAGE>
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement, to the references to us in the Prospectus Supplement,
and to the filing of this opinion as an exhibit to an application made by or on
behalf of the Company or any dealer in connection with the registration of the
Certificates under the securities or blue sky laws of any state or jurisdiction.
In giving such permission, we do not admit hereby that we come within the
category of persons whose consent is required under Section 7 of the Securities
Act or the General Rules and Regulations of the Securities and Exchange
Commission thereunder.
Very truly yours,
/s/ Stroock & Stroock & Lavan LLP
STROOCK & STROOCK & LAVAN LLP
<PAGE>
Preliminary
Marketing Memorandum for:
$[75,000,000]
UCFC Funding Corporation
(Depositor)
Manufactured Housing Contract Pass-Through Certificates,
Series 1997-3
The information included herein is provided solely by Prudential Securities
Incorporated ("PSI") as underwriter for the transaction, and not by or as agent
for UCFC Funding Corporation or any of its affiliates (collectively, the
"Depositor"). The Depositor has not prepared, reviewed or participated in the
preparation hereof, is not responsible for the accuracy hereof and has not
authorized the dissemination hereof. The analysis in this report is accurate to
the best of PSI's knowledge and is based on information provided by the
Depositor. PSI makes no representations as to the accuracy of such information
provided by the Depositor. 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>
UCFC Funding Corporation
Manufactured Housing Contract Pass-Through Certificates Series 1997-3
<TABLE>
<S> <C>
Title of Certificates: Manufactured Housing Contract Pass-Through Certificates, Series 1997-3
Offered Certificates: The Class A-1, Class A-2, Class A-3 and Class A-4 Certificates (collectively,
the "Senior Certificates"), the Class M and the Class B-1 Certificates.
Depositor: UCFC Funding Corporation, a Louisiana corporation.
Servicer: United Companies Lending Corporation, a Louisiana corporation, an indirect,
wholly-owned subsidiary of United Companies Financial Corporation.
Trustee: Bankers Trust Company of California, N.A.
Lead Manager: Prudential Securities Incorporated
Co-Manager: Credit Suisse First Boston
</TABLE>
<TABLE>
<CAPTION>
Class Class Class Class Class Class | *Class
A1 A2 A3 A4 M B1 | B2
|
<S> <C> <C> <C> <C> <C> <C> | <C>
Amount(000): [14,400 14,200 10,700 18,449 6,563 5,813 | 4,875]
|
**Coupon: 1M LIBOR + TBD TBD TBD TBD TBD TBD | n/a
|
Approx. Price: TBD TBD TBD TBD TBD TBD | n/a
|
Yield: TBD TBD TBD TBD TBD TBD | n/a
|
Spread: TBD TBD TBD TBD TBD TBD | n/a
|
Avg Life: [1.05 2.95 5.01 12.11 10.87 7.36] | n/a
|
Avg Life to Call: [1.05 2.95 5.01 11.40 10.30 7.36] | n/a
|
1st Prin. Pmt: [10/15/97 09/15/99 09/15/01 04/15/04 10/15/02 10/15/02] | n/a
|
Exp Mat: [09/15/99 09/15/01 04/15/04 03/15/20 03/15/20 01/15/08] | n/a
|
To 10% Call: [09/15/99 09/15/01 04/15/04 04/15/13 04/15/13 01/15/08] | n/a
|
Final Mat: [09/15/05 02/15/11 04/15/16 01/15/29 01/15/29 08/15/19] | n/a
|
Pymt Delay: 0 Days 14 Days 14 Days 14 Days 14 Days 14 Days | n/a
|
Dated Date: 09/25/97 09/1/97 09/1/97 09/1/97 09/1/97 09/1/97 | n/a
|
Int. Pymt: Monthly Monthly Monthly Monthly Monthly Monthly | n/a
|
1st Int. Pymt Date: 10/15/97 10/15/97 10/15/97 10/15/97 10/15/97 10/15/97 | n/a
|
Rating: Aaa/AAA Aaa/AAA Aaa/AAA Aaa/AAA Aa3/AA- Baa2/BBB | Ba1/BBB
</TABLE>
(Moody's/Fitch)
* NOTE: THE CLASS B-2 CERTIFICATES ARE NOT BEING OFFERED **
** PAYMENT OF INTEREST EACH MONTH ON ALL CLASSES OF CERTIFICATES IS SUBJECT
TO A MAXIMUM RATE EQUAL TO THE WEIGHTED AVERAGE OF THE NET CONTRACT RATES
(DEFINED BELOW) RELATING TO SUCH REMITTANCE DATE.
<TABLE>
<S> <C>
Pricing Date: TBD
Closing Date: Settlement with Investors will be on or about September [26], 1997.
Cut-Off Date: The opening of business on September 1, 1997.
Prepayment Speed: 175% MHP
Net Contract Rate: The Net Contract Rate of a Contract equals the rate of interest then borne by such Contract
minus 0.515% per annum (the "Expense Fee Rate")
Remittance Date: The 15th day of each month or, if such day is not a business day, the next succeeding business
day, beginning in October, 1997.
Interest Accrual: The initial interest accrual period on the Class A-1 Certificates will be from September 25th
until October 14th. In future periods, interest will accrue on the Class A-1 Certificates
at the applicable Pass-Through Rate from the preceeding Disbribution Date to and including
the day prior to the current Distribution Date. Interest on the Class A-1 Certificates will be
calculated on an actual/360 basis.
The Interest Accrual Period on the other offered Certificates will be the calendar month preceding
the month of such Remittance Date. Interest will be calculated on the basis of a 360-day year
consisting of twelve 30-day months.
Originators: The Contracts were, and any Subsequent Contracts will have been, originated or purchased
by United Companies Funding, Inc. ("UCFI"), United Companies or UNICOR Mortgage, Inc.
("UNICOR," and collectively with UCFI and United Companies, the "Originators") Each Originator
is a Louisiana corporation and an affiliate of the Depositor.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
</TABLE>
<PAGE>
UCFC Funding Corporation
Manufactured Housing Contract Pass-Through Certificates Series 1997-3
<TABLE>
<CAPTION>
Credit Enhancement: SUBORDINATION: Expected subordination levels as a % of the total Certificates:
<S> <C>
Class A1-A4: Aaa/AAA 23.00%
Class M: Aa3/AA- 14.25%
Class B-1: Baa2/BBB 6.50%
EXCESS SERVICING: The Class R Certificate (not offered) represents excess servicing on the Contracts
and is the first loss piece. The Class R Certificate is subordinated to the Regular Certificates on
a monthly basis.
Expected Collateral
Delivery at Closing: Approximately $63 million to $75 million.
Pre-Funding Account: On the Closing Date, the Trustee will establish and thereafter maintain with itself a trust account
(the "Pre-Funding Account"). On the Closing date, approximately $0 to $12 million in cash (the
"Pre-Funded Amount") will be deposited in the Pre-Funding Account any may be used only to (i) acquire
additional manufactured housing installment sales contracts and manufactured housing installment
loan agreements (collectively, the "Subsequent Contracts") and (ii) make accelerated payments of
principal on the Senior Certificates. During the period (the "Pre-Funding Period") from the Closing
Date to the earliest to occur of (i) the Funding Termination Date (defined below), (ii) an Event of
Default under the Agreement and (iii) December 15, 1997, amounts on deposit in the Pre-Funding Account
may be withdrawn from time to time to acquire Subsequent Contracts in accordance with the Agreement.
The "Funding Termination Date" will be the date on which the Pre Funded amount has been reduced to less
than $100,000. Any Pre-Funded amount remaining in the Pre-Funding Account at the end of the Pre-Funding
Period will be distributed on the Remittance Date at or immediately following the end of such Pre-
Funding Period to the Classes of Senior Certificates then entitled to distributions of principal.
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
UCFC Funding Corporation
Manufactured Housing Contract Pass-Through Certificates Series 1997-3
<TABLE>
<S> <C>
Priority of
Distrbutions: On each Remittance Date, the Trustee will distribute out of the Certificate Account, the following
amounts in the following order of priority, in each case, to the extent of the remaining Amount
Available:
(i) to the Trustee, the Trustee Fee;
(ii) concurrently, to each Class of Senior Certificates, the related Class Interest
Distribution Amount, any shortfall being allocated on a pro rata basis in
accordance with the respective Class Interest Disbribution Amount for each such
Class;
(iii) sequentially to the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates, in that
order, an amount up to the Senior Principal Disbribution Amount, until the respective
Class Certificate Balances are reduced to zero;
(iv) to the Class M Certificates, the Class Interest Distribution Amount;
(v) to the Class M Certificates, an amount up to the Class M Principal Distribution
Amount, until the Class M Certificate Balance is reduced to zero;
(vi) to the Class B-1 Certificates, the Class Interest Distribution Amount;
(vii) to the Class B-1 Certificates, an amount up to the Class B Percentage of the
Formula Principal Distribution Amount, until the Class B-1 Certificate Balance is
reduced to zero;
(viii) to the Class B-2 Certificates, the Class Interest Distribution Amount;
(ix) to the Class B-2 Certificates, an amount up to the Class B-2 Principal Distribution
Amount, until the Class B-2 Certificate Balance is reduced to zero;
(x) to the Guarantor of the Class B-2 Certificates, any unreimbursed Guarantee Payments
with respect to the Class B-2 Certificates; and
(xi) to the Class R Certificates, any remaining Amount Available.
Distributions of principal of the Class M and Class B-1 Certificates will not commence until
at least the Remittance Date in October 2002 unless the aggregate Class Certificate Balance of
the Senior Certificates is reduced to zero prior thereto. After such Remittance Date, distributions
of principal of the Class M and/or Class B-1 Certificates will only be made if certain performance
tests are satisfied, unless the aggregate Class Certificate Balance of the Senior Certificates, and,
in the case of the Class B-1 Certificates, the Class Certificate Balance of the Class M Certificates
is reduced to zero.
_________________________________________________________________________________________
| | | | |
| A1 | A2 | A3 | A-4 |
|_____________________|______________________|____________________|_____________________|
| | |
| | M |
| 5 year lockout |___________________________________________________________|
| | | |
| | B-1 | B-2 |
|___________________________|_____________________________|_____________________________|
Performance Test: The Average 60-Day Delinquency Ratio is less than or equal to 5%; the Average 30-Day Delinquency
Ratio is less than or equal to 7%; the Current Realized Loss Ratio is less than or equal to
2.75%; and the Cumulative Realized Losses are less than or equal to the applicable percentage
of the Aggregate Cut-off Date Pool Principal Balance set forth below:
Remittance Date During Percentage
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~
October 1, 2002 - September 30, 2003 7%
October 1, 2003 - September 30, 2004 8%
October 1, 2004 and thereafter 9%
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
UCFC Funding Corporation
Manufactured Housing Contract Pass-Through Certificates Series 1997-3
<TABLE>
<S> <C>
Optional Termination: The Servicer has the option to purchase from the Trust all remaining Contracts and all other property
in the Trust on any Remittance Date when the Pool Principal Balance is less than 10% of the Aggregate
Cut-off Date Pool Principal Balance.
Auction Sale: If the Servicer does not exercise its optional termination right within ninety days after the
Servicer Optional Termination Date, the Trustee will solicit bids for the purchase of all
Contracts remaining in the Trust. In the event that satisfactory bids are received as described
in the Pooling and Servicing Agreement, the net sale proceeds will be distributed to Certificateholders
in the same order of priority as collections received in respect of the Contracts. If satisfactory
bids are not received, the Trustee will not sell the Contracts and will not solicit any further bids
or otherwise negotiate any further sale of the Contracts.
ERISA Considerations: Subject to the considerations and conditions described in the Prospectus Supplement, it is expected
that the Class A-1 through A-4 Certificates may be purchased by employee benefit plans that are
subject to ERISA.
The Class M and B-1 Certificates will NOT be ERISA eligible.
SMMEA Considerations: Upon termination of the Pre-Funding Period, the Senior Certificates and the Class M Certificates
will constitute "mortgage related securities" for purposes of the Secondary Mortgage Market
Enhancement Act of 1984 ("SMMEA") so long as they are rated in one of the two highest rating categories
by at least one nationally recognized statistical rating organization and, as such , will be "legal
investments" for certain types of institutional investors to the extent provided in SMMEA.
The Class B-1 Certificates will NOT constitute "mortgage related securities" for purposes of
SMMEA.
Prospectus: The Certificates are being offered pursuant to a Prospectus which includes a Prospectus
Supplement (together, the "Prospectus") Complete information with respect to the 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 Certificates
may not be consumated unless the purchaser has received the Prospectus.
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $14,400,000.00 DATED DATE: 09/25/97
CURRENT COUPON: TBD ucfcmh73 FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 7
ORIGINAL BALANCE: $14,400,000.00 BOND A1 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 09/26/97
ASSUMED CONSTANT LIBOR-1M 5.6563
</TABLE>
<TABLE>
<CAPTION>
PRICING SPEED
175.0% 100.00% 125.00% 200.00% 225.00% 250.00%
PRICE MHP MHP MHP MHP MHP MHP
<S> <C> <C> <C> <C> <C> <C>
99-24 34.546 27.081 29.611 36.979 39.416 41.840
99-24+ 33.009 26.012 28.383 35.290 37.574 39.846
99-25 31.473 24.942 27.156 33.601 35.732 37.853
99-25+ 29.936 23.873 25.928 31.913 33.891 35.860
99-26 28.400 22.805 24.701 30.224 32.051 33.868
99-26+ 26.865 21.736 23.474 28.537 30.210 31.876
99-27 25.330 20.668 22.248 26.849 28.370 29.884
99-27+ 23.795 19.600 21.021 25.162 26.531 27.893
99-28 22.260 18.532 19.795 23.475 24.692 25.903
99-28+ 20.726 17.464 18.569 21.789 22.853 23.913
99-29 19.192 16.397 17.344 20.103 21.015 21.923
99-29+ 17.658 15.329 16.119 18.417 19.177 19.934
99-30 16.125 14.262 14.894 16.732 17.340 17.945
99-30+ 14.592 13.196 13.669 15.047 15.503 15.956
99-31 13.059 12.129 12.444 13.363 13.666 13.968
99-31+ 11.527 11.063 11.220 11.679 11.830 11.981
100-00 9.995 9.997 9.996 9.995 9.994 9.994
100-00+ 8.464 8.931 8.773 8.311 8.159 8.007
100-01 6.932 7.865 7.549 6.628 6.324 6.021
100-01+ 5.401 6.800 6.326 4.946 4.489 4.035
100-02 3.871 5.735 5.103 3.263 2.655 2.050
100-02+ 2.341 4.670 3.880 1.581 0.821 0.065
First Payment 0.053 0.053 0.053 0.053 0.053 0.053
Average Life 1.049 1.534 1.326 0.952 0.870 0.802
Last Payment 1.969 2.886 2.553 1.803 1.636 1.553
Mod.Dur. @ 100-00 0.983 1.411 1.229 0.894 0.820 0.757
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL
INFORMATION IN THE PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $14,200,000.00 DATED DATE: 09/01/97
COUPON: TBD ucfcmh73 FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 7
ORIGINAL BALANCE: $14,200,000.00 BOND A2 BE-YIELD TABLE YIELD TABLE DATE: 09/26/97
PREPAYMENT SPEED
</TABLE>
<TABLE>
<CAPTION>
PRICING SPEED
175.0% 100.00% 125.00% 200.00% 225.00% 250.00%
PRICE MHP MHP MHP MHP MHP MHP
<S> <C> <C> <C> <C> <C> <C>
99-24 6.506 6.506 6.506 6.506 6.506 6.506
99-24+ 6.500 6.502 6.502 6.500 6.499 6.499
99-25 6.494 6.498 6.497 6.493 6.492 6.491
99-25+ 6.488 6.494 6.492 6.487 6.485 6.483
99-26 6.482 6.490 6.487 6.480 6.478 6.476
99-26+ 6.476 6.485 6.482 6.474 6.471 6.468
99-27 6.470 6.481 6.478 6.467 6.464 6.460
99-27+ 6.464 6.477 6.473 6.460 6.456 6.453
99-28 6.458 6.473 6.468 6.454 6.449 6.445
99-28+ 6.452 6.468 6.463 6.447 6.442 6.437
99-29 6.447 6.464 6.458 6.441 6.435 6.429
99-29+ 6.441 6.460 6.453 6.434 6.428 6.422
99-30 6.435 6.456 6.449 6.428 6.421 6.414
99-30+ 6.429 6.451 6.444 6.421 6.414 6.406
99-31 6.423 6.447 6.439 6.414 6.406 6.399
99-31+ 6.417 6.443 6.434 6.408 6.399 6.391
100-00 6.411 6.439 6.429 6.401 6.392 6.383
100-00+ 6.405 6.434 6.424 6.395 6.385 6.376
100-01 6.399 6.430 6.420 6.388 6.378 6.368
100-01+ 6.393 6.426 6.415 6.382 6.371 6.360
100-02 6.387 6.422 6.410 6.375 6.364 6.352
100-02+ 6.381 6.418 6.405 6.369 6.357 6.345
100-03 6.375 6.413 6.400 6.362 6.349 6.337
100-03+ 6.369 6.409 6.396 6.355 6.342 6.329
100-04 6.363 6.405 6.391 6.349 6.335 6.322
100-04+ 6.357 6.401 6.386 6.342 6.328 6.314
100-05 6.351 6.396 6.381 6.336 6.321 6.306
100-05+ 6.345 6.392 6.376 6.329 6.314 6.299
100-06 6.339 6.388 6.372 6.323 6.307 6.291
100-06+ 6.333 6.384 6.367 6.316 6.300 6.283
100-07 6.327 6.379 6.362 6.310 6.293 6.276
100-07+ 6.321 6.375 6.357 6.303 6.285 6.268
First Payment 1.969 2.886 2.553 1.803 1.636 1.553
Average Life 2.950 4.364 3.762 2.667 2.436 2.244
Last Payment 3.969 5.886 5.053 3.553 3.303 2.969
Mod.Dur. @ 100-00 2.599 3.675 3.229 2.371 2.182 2.023
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL
INFORMATION IN THE PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $10,700,000.00 DATED DATE: 09/01/97
COUPON: TBD ucfcmh73 FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 7
ORIGINAL BALANCE: $10,700,000.00 BOND A3 BE-YIELD TABLE YIELD TABLE DATE: 09/26/97
PREPAYMENT SPEED
</TABLE>
<TABLE>
<CAPTION>
PRICING SPEED
175.0% 100.00% 125.00% 200.00% 225.00% 250.00%
PRICE MHP MHP MHP MHP MHP MHP
<S> <C> <C> <C> <C> <C> <C>
99-24 6.639 6.639 6.639 6.639 6.639 6.638
99-24+ 6.635 6.636 6.636 6.634 6.634 6.633
99-25 6.631 6.634 6.633 6.630 6.629 6.629
99-25+ 6.627 6.631 6.630 6.626 6.625 6.624
99-26 6.624 6.628 6.627 6.622 6.620 6.619
99-26+ 6.620 6.626 6.624 6.618 6.616 6.614
99-27 6.616 6.623 6.621 6.613 6.611 6.609
99-27+ 6.612 6.620 6.618 6.609 6.607 6.604
99-28 6.609 6.618 6.615 6.605 6.602 6.599
99-28+ 6.605 6.615 6.612 6.601 6.597 6.594
99-29 6.601 6.612 6.609 6.597 6.593 6.589
99-29+ 6.597 6.609 6.606 6.592 6.588 6.584
99-30 6.593 6.607 6.603 6.588 6.584 6.579
99-30+ 6.590 6.604 6.600 6.584 6.579 6.574
99-31 6.586 6.601 6.597 6.580 6.575 6.569
99-31+ 6.582 6.599 6.594 6.576 6.570 6.564
100-00 6.578 6.596 6.591 6.571 6.565 6.560
100-00+ 6.575 6.593 6.588 6.567 6.561 6.555
100-01 6.571 6.591 6.585 6.563 6.556 6.550
100-01+ 6.567 6.588 6.582 6.559 6.552 6.545
100-02 6.563 6.585 6.579 6.555 6.547 6.540
100-02+ 6.560 6.583 6.576 6.550 6.543 6.535
100-03 6.556 6.580 6.573 6.546 6.538 6.530
100-03+ 6.552 6.577 6.570 6.542 6.533 6.525
100-04 6.548 6.575 6.567 6.538 6.529 6.520
100-04+ 6.545 6.572 6.564 6.534 6.524 6.515
100-05 6.541 6.569 6.561 6.530 6.520 6.510
100-05+ 6.537 6.566 6.558 6.525 6.515 6.505
100-06 6.533 6.564 6.555 6.521 6.511 6.500
100-06+ 6.529 6.561 6.552 6.517 6.506 6.496
100-07 6.526 6.558 6.549 6.513 6.502 6.491
100-07+ 6.522 6.556 6.546 6.509 6.497 6.486
First Payment 3.969 5.886 5.053 3.553 3.303 2.969
Average Life 5.007 7.602 6.582 4.410 4.000 3.669
Last Payment 6.553 9.886 8.636 5.469 4.803 4.386
Mod.Dur. @ 100-00 4.127 5.779 5.162 3.707 3.407 3.158
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL
INFORMATION IN THE PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $18,449,000.00 DATED DATE: 09/01/97
COUPON: TBD ucfcmh73 FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 7
ORIGINAL BALANCE: $18,449,000.00 BOND A4 BE-YIELD TABLE YIELD TABLE DATE: 09/26/97
PREPAYMENT SPEED
***** TO CALL *****
</TABLE>
<TABLE>
<CAPTION>
PRICING SPEED
175.0% 100.00% 125.00% 200.00% 225.00% 250.00%
PRICE MHP MHP MHP MHP MHP MHP
<S> <C> <C> <C> <C> <C> <C>
99-24 7.110 7.111 7.110 7.110 7.110 7.109
99-24+ 7.108 7.109 7.109 7.108 7.107 7.106
99-25 7.106 7.107 7.107 7.105 7.105 7.104
99-25+ 7.104 7.105 7.105 7.103 7.102 7.101
99-26 7.102 7.104 7.103 7.101 7.100 7.098
99-26+ 7.100 7.102 7.101 7.098 7.097 7.096
99-27 7.098 7.100 7.100 7.096 7.095 7.093
99-27+ 7.095 7.099 7.098 7.094 7.092 7.090
99-28 7.093 7.097 7.096 7.092 7.090 7.087
99-28+ 7.091 7.095 7.094 7.089 7.087 7.085
99-29 7.089 7.093 7.092 7.087 7.085 7.082
99-29+ 7.087 7.092 7.090 7.085 7.082 7.079
99-30 7.085 7.090 7.089 7.083 7.080 7.077
99-30+ 7.083 7.088 7.087 7.080 7.077 7.074
99-31 7.081 7.087 7.085 7.078 7.075 7.071
99-31+ 7.079 7.085 7.083 7.076 7.072 7.068
100-00 7.077 7.083 7.081 7.073 7.070 7.066
100-00+ 7.075 7.082 7.080 7.071 7.067 7.063
100-01 7.072 7.080 7.078 7.069 7.065 7.060
100-01+ 7.070 7.078 7.076 7.067 7.062 7.058
100-02 7.068 7.076 7.074 7.064 7.060 7.055
100-02+ 7.066 7.075 7.072 7.062 7.057 7.052
100-03 7.064 7.073 7.070 7.060 7.055 7.049
100-03+ 7.062 7.071 7.069 7.058 7.052 7.047
100-04 7.060 7.070 7.067 7.055 7.050 7.044
100-04+ 7.058 7.068 7.065 7.053 7.047 7.041
100-05 7.056 7.066 7.063 7.051 7.045 7.039
100-05+ 7.054 7.064 7.061 7.048 7.043 7.036
100-06 7.052 7.063 7.060 7.046 7.040 7.033
100-06+ 7.050 7.061 7.058 7.044 7.038 7.031
100-07 7.047 7.059 7.056 7.042 7.035 7.028
100-07+ 7.045 7.058 7.054 7.039 7.033 7.025
First Payment 6.553 9.886 8.636 5.469 4.803 4.386
Average Life 11.405 15.709 14.194 10.089 8.935 7.928
Last Payment 15.553 19.969 18.553 14.219 13.136 12.136
Mod.Dur. @ 100-00 7.452 9.087 8.559 6.848 6.271 5.738
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL
INFORMATION IN THE PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $6,563,000.00 DATED DATE: 09/01/97
COUPON: TBD ucfcmh73 FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 7
ORIGINAL BALANCE: $6,563,000.00 BOND M BE-YIELD TABLE YIELD TABLE DATE: 09/26/97
PREPAYMENT SPEED
***** TO CALL *****
</TABLE>
<TABLE>
<CAPTION>
PRICING SPEED
175.0% 100.00% 125.00% 200.00% 225.00% 250.00%
PRICE MHP MHP MHP MHP MHP MHP
<S> <C> <C> <C> <C> <C> <C>
99-24 7.141 7.141 7.141 7.140 7.140 7.140
99-24+ 7.138 7.139 7.139 7.138 7.138 7.138
99-25 7.136 7.137 7.137 7.136 7.135 7.135
99-25+ 7.134 7.135 7.135 7.133 7.133 7.133
99-26 7.131 7.134 7.133 7.131 7.131 7.130
99-26+ 7.129 7.132 7.131 7.129 7.128 7.128
99-27 7.127 7.130 7.129 7.126 7.126 7.125
99-27+ 7.125 7.128 7.127 7.124 7.123 7.123
99-28 7.122 7.126 7.125 7.122 7.121 7.120
99-28+ 7.120 7.124 7.123 7.119 7.119 7.118
99-29 7.118 7.122 7.121 7.117 7.116 7.115
99-29+ 7.116 7.120 7.119 7.115 7.114 7.113
99-30 7.113 7.118 7.117 7.112 7.111 7.110
99-30+ 7.111 7.117 7.115 7.110 7.109 7.108
99-31 7.109 7.115 7.113 7.108 7.106 7.105
99-31+ 7.107 7.113 7.111 7.105 7.104 7.103
100-00 7.104 7.111 7.109 7.103 7.102 7.100
100-00+ 7.102 7.109 7.107 7.101 7.099 7.098
100-01 7.100 7.107 7.105 7.098 7.097 7.095
100-01+ 7.098 7.105 7.103 7.096 7.094 7.093
100-02 7.095 7.103 7.100 7.094 7.092 7.090
100-02+ 7.093 7.101 7.098 7.091 7.090 7.088
100-03 7.091 7.100 7.096 7.089 7.087 7.085
100-03+ 7.089 7.098 7.094 7.087 7.085 7.083
100-04 7.086 7.096 7.092 7.084 7.082 7.080
100-04+ 7.084 7.094 7.090 7.082 7.080 7.078
100-05 7.082 7.092 7.088 7.080 7.078 7.075
100-05+ 7.079 7.090 7.086 7.077 7.075 7.073
100-06 7.077 7.088 7.084 7.075 7.073 7.070
100-06+ 7.075 7.086 7.082 7.073 7.070 7.068
100-07 7.073 7.085 7.080 7.070 7.068 7.066
100-07+ 7.070 7.083 7.078 7.068 7.065 7.063
First Payment 5.053 6.803 5.886 5.053 5.053 5.053
Average Life 10.301 13.674 12.287 9.734 9.257 8.826
Last Payment 15.553 19.969 18.553 14.219 13.136 12.136
Mod.Dur. @ 100-00 6.880 8.245 7.701 6.647 6.441 6.247
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL
INFORMATION IN THE PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $5,813,000.00 DATED DATE: 09/01/97
COUPON: TBD ucfcmh73 FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 7
ORIGINAL BALANCE: $5,813,000.00 BOND B1 BE-YIELD TABLE YIELD TABLE DATE: 09/26/97
PREPAYMENT SPEED
</TABLE>
<TABLE>
<CAPTION>
PRICING SPEED
175.0% 100.00% 125.00% 200.00% 225.00% 250.00%
PRICE MHP MHP MHP MHP MHP MHP
<S> <C> <C> <C> <C> <C> <C>
99-24 7.211 7.212 7.212 7.211 7.211 7.211
99-24+ 7.208 7.210 7.209 7.208 7.208 7.208
99-25 7.206 7.208 7.207 7.205 7.205 7.205
99-25+ 7.203 7.205 7.204 7.202 7.202 7.202
99-26 7.200 7.203 7.202 7.200 7.199 7.199
99-26+ 7.197 7.201 7.199 7.197 7.196 7.196
99-27 7.194 7.199 7.197 7.194 7.193 7.193
99-27+ 7.191 7.196 7.194 7.191 7.190 7.190
99-28 7.189 7.194 7.192 7.188 7.187 7.187
99-28+ 7.186 7.192 7.189 7.185 7.184 7.184
99-29 7.183 7.190 7.187 7.182 7.181 7.181
99-29+ 7.180 7.187 7.185 7.179 7.178 7.178
99-30 7.177 7.185 7.182 7.176 7.175 7.175
99-30+ 7.174 7.183 7.180 7.173 7.173 7.172
99-31 7.172 7.181 7.177 7.171 7.170 7.169
99-31+ 7.169 7.178 7.175 7.168 7.167 7.166
100-00 7.166 7.176 7.172 7.165 7.164 7.163
100-00+ 7.163 7.174 7.170 7.162 7.161 7.160
100-01 7.160 7.172 7.167 7.159 7.158 7.157
100-01+ 7.157 7.169 7.165 7.156 7.155 7.154
100-02 7.155 7.167 7.162 7.153 7.152 7.151
100-02+ 7.152 7.165 7.160 7.150 7.149 7.148
100-03 7.149 7.162 7.157 7.147 7.146 7.145
100-03+ 7.146 7.160 7.155 7.144 7.143 7.142
100-04 7.143 7.158 7.152 7.142 7.140 7.139
100-04+ 7.140 7.156 7.150 7.139 7.137 7.136
100-05 7.138 7.153 7.147 7.136 7.134 7.133
100-05+ 7.135 7.151 7.145 7.133 7.131 7.130
100-06 7.132 7.149 7.142 7.130 7.128 7.127
100-06+ 7.129 7.147 7.140 7.127 7.125 7.124
100-07 7.126 7.144 7.137 7.124 7.122 7.121
100-07+ 7.124 7.142 7.135 7.121 7.119 7.118
First Payment 5.053 6.803 5.886 5.053 5.053 5.053
Average Life 7.358 10.050 8.799 7.121 6.923 6.756
Last Payment 10.303 13.886 12.386 9.803 9.303 8.969
Mod.Dur. @ 100-00 5.496 6.879 6.265 5.367 5.257 5.162
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL
INFORMATION IN THE PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
________________________________________________________________________________
- UCFCMH73
- Cut Off Date of Tape is 9/1/97
- FIX
- $62,954,709.86
- Mortgage Summary Report
________________________________________________________________________________
Number of Mortgage Loans: 1,944
Aggregate Unpaid Principal Balance: $62,954,709.86
Aggregate Original Principal Balance: $63,038,011.78
Weighted Average Gross Coupon: 10.372%
Gross Coupon Range: 6.150% - 15.250%
________________________________________________________________________________
Average Unpaid Principal Balance: $32,384.11
Average Original Principal Balance: $32,426.96
Maximum Unpaid Principal Balance: $150,745.90
Minimum Unpaid Principal Balance: $4,840.48
Maximum Original Principal Balance: $151,161.38
Minimum Original Principal Balance: $5,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 276.906
Stated Rem Term Range: 24.000 - 360.000
Weighted Avg. Amortized Rem. Term: 276.900
Amortized Rem Term Range: 24.000 - 360.038
Weighted Average Age : 0.995
Age Range: 0.000 - 42.000
Weighted Average Original Term: 277.901
Original Term Range: 24.000 - 360.000
Weighted Average Original LTV: 86.242
Original LTV Range: 8.213% - 100.000%
Weighted Average Current LTV: 86.138
Current LTV Range: 8.213% - 100.000%
New Manufactured Homes 75.16%
Used Manufactured Homes 24.84%
Chattel Contracts 79.05%
Land-and-Home Contracts 20.95%
Primary Residence 99.99%
Other 0.01%
Purchase 83.13%
Refinance 16.87%
Single Wides 42.76%
Double Wides 53.13%
Triple Wides 1.63%
Unknown 2.48%
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<CAPTION>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
_____________________________________________________________________________________
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
State Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
Arizona 4 0.21% 94,013.15 0.15
Arkansas 42 2.16% 1,445,004.93 2.30
California 9 0.46% 163,167.97 0.26
Colorado 27 1.39% 1,008,410.09 1.60
Delaware 3 0.15% 44,424.25 0.07
Florida 186 9.57% 6,508,011.75 10.34
Georgia 110 5.66% 4,000,250.31 6.35
Illinois 17 0.87% 485,773.65 0.77
Indiana 20 1.03% 535,562.94 0.85
Iowa 20 1.03% 537,377.65 0.85
Kansas 1 0.05% 49,406.40 0.08
Kentucky 12 0.62% 270,851.35 0.43
Louisiana 104 5.35% 2,844,294.24 4.52
Maine 5 0.26% 166,905.86 0.27
Michigan 61 3.14% 1,771,672.16 2.81
Minnesota 59 3.03% 1,442,495.68 2.29
Mississippi 27 1.39% 917,943.45 1.46
Missouri 26 1.34% 829,966.72 1.32
Nebraska 1 0.05% 23,614.16 0.04
Nevada 1 0.05% 46,700.00 0.07
New Mexico 64 3.29% 2,568,850.51 4.08
New York 14 0.72% 260,972.59 0.41
North Carolina 304 15.64% 9,663,504.38 15.35
Ohio 35 1.80% 772,946.37 1.23
Oklahoma 24 1.23% 658,801.84 1.05
Oregon 13 0.67% 577,082.93 0.92
Pennsylvania 59 3.03% 1,230,002.21 1.95
South Carolina 257 13.22% 9,349,888.09 14.85
Tennessee 68 3.50% 2,390,681.33 3.80
Texas 309 15.90% 10,671,176.24 16.95
Utah 1 0.05% 35,804.37 0.06
Virginia 12 0.62% 329,776.27 0.52
Washington 4 0.21% 194,490.12 0.31
West Virginia 22 1.13% 472,730.02 0.75
Wisconsin 23 1.18% 592,155.88 0.94
_____________________________________________________________________________________
Total................... 1,944 100.00% 62,954,709.86 100.00%
=====================================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
Balance <= 5,000 3 14,745.96 0.02
5,000 < Balance <= 10,000 124 991,901.79 1.58
10,000 < Balance <= 15,000 215 2,696,550.56 4.28
15,000 < Balance <= 20,000 181 3,153,182.82 5.01
20,000 < Balance <= 25,000 206 4,643,683.43 7.38
25,000 < Balance <= 30,000 227 6,258,147.12 9.94
30,000 < Balance <= 35,000 254 8,237,654.80 13.09
35,000 < Balance <= 40,000 175 6,538,158.84 10.39
40,000 < Balance <= 45,000 142 6,024,058.31 9.57
45,000 < Balance <= 50,000 106 5,025,496.13 7.98
50,000 < Balance <= 55,000 110 5,752,999.29 9.14
55,000 < Balance <= 60,000 58 3,334,225.91 5.30
60,000 < Balance <= 65,000 56 3,483,606.97 5.53
65,000 < Balance <= 70,000 27 1,828,977.95 2.91
70,000 < Balance <= 75,000 21 1,521,089.34 2.42
75,000 < Balance <= 80,000 9 701,296.26 1.11
80,000 < Balance <= 85,000 9 746,678.89 1.19
85,000 < Balance <= 90,000 12 1,049,554.94 1.67
90,000 < Balance <= 95,000 4 371,973.01 0.59
95,000 < Balance <= 100,000 1 99,138.15 0.16
100,000 < Balance <= 150,000 3 330,843.49 0.53
150,000 < Balance <= 200,000 1 150,745.90 0.24
__________________________________________________________________________
Total.................... 1944 $ 62,954,709.86 100.00%
==========================================================================
ORIGINAL LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
5.000 < LTV <= 10.000 1 5,027.50 0.01
10.000 < LTV <= 15.000 1 5,157.21 0.01
15.000 < LTV <= 20.000 2 11,040.48 0.02
20.000 < LTV <= 25.000 7 59,584.54 0.09
25.000 < LTV <= 30.000 10 90,593.08 0.14
30.000 < LTV <= 35.000 11 101,605.06 0.16
35.000 < LTV <= 40.000 26 294,752.78 0.47
40.000 < LTV <= 45.000 23 353,760.85 0.56
45.000 < LTV <= 50.000 37 539,552.66 0.86
50.000 < LTV <= 55.000 40 721,658.88 1.15
55.000 < LTV <= 60.000 45 795,862.82 1.26
60.000 < LTV <= 65.000 70 1,463,066.90 2.32
65.000 < LTV <= 70.000 98 2,440,780.96 3.88
70.000 < LTV <= 75.000 122 3,294,870.58 5.23
75.000 < LTV <= 80.000 212 5,723,586.69 9.09
80.000 < LTV <= 85.000 206 6,701,480.57 10.64
85.000 < LTV <= 90.000 267 9,778,160.21 15.53
90.000 < LTV <= 95.000 329 12,905,034.96 20.50
95.000 < LTV <=100.000 437 17,669,133.13 28.07
__________________________________________________________________________
Total.................... 1944 $ 62,954,709.86 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
GROSS MORTGAGE INTEREST RATE RANGE
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
<S> <C> <C> <C>
6.00% < Gross Coupon <= 6.50% 2 154,228.77 0.24
6.50% < Gross Coupon <= 7.00% 8 551,992.70 0.88
7.00% < Gross Coupon <= 7.50% 14 1,034,811.75 1.64
7.50% < Gross Coupon <= 7.75% 5 310,826.48 0.49
7.75% < Gross Coupon <= 8.00% 24 1,314,245.61 2.09
8.00% < Gross Coupon <= 8.25% 39 2,146,839.38 3.41
8.25% < Gross Coupon <= 8.50% 77 4,018,217.97 6.38
8.50% < Gross Coupon <= 8.75% 30 1,547,828.96 2.46
8.75% < Gross Coupon <= 9.00% 70 3,374,044.02 5.36
9.00% < Gross Coupon <= 9.25% 30 1,645,881.95 2.61
9.25% < Gross Coupon <= 9.50% 24 1,073,332.04 1.70
9.50% < Gross Coupon <= 9.75% 37 1,528,021.50 2.43
9.75% < Gross Coupon <= 10.00% 90 3,745,223.53 5.95
10.00% < Gross Coupon <= 10.25% 112 4,816,846.98 7.65
10.25% < Gross Coupon <= 10.50% 241 9,359,440.56 14.87
10.50% < Gross Coupon <= 10.75% 135 4,130,335.56 6.56
10.75% < Gross Coupon <= 11.00% 230 6,809,773.99 10.82
11.00% < Gross Coupon <= 11.25% 64 1,786,194.23 2.84
11.25% < Gross Coupon <= 11.50% 51 1,582,352.75 2.51
11.50% < Gross Coupon <= 11.75% 91 1,645,507.02 2.61
11.75% < Gross Coupon <= 12.00% 98 2,518,405.31 4.00
12.00% < Gross Coupon <= 12.25% 210 3,274,821.52 5.20
12.25% < Gross Coupon <= 12.50% 36 731,321.04 1.16
12.50% < Gross Coupon <= 12.75% 140 2,201,623.77 3.50
12.75% < Gross Coupon <= 13.00% 20 378,323.50 0.60
13.00% < Gross Coupon <= 13.25% 27 451,737.39 0.72
13.25% < Gross Coupon <= 13.50% 6 98,445.57 0.16
13.50% < Gross Coupon <= 13.75% 9 206,938.20 0.33
13.75% < Gross Coupon <= 14.00% 13 292,041.63 0.46
14.00% < Gross Coupon <= 14.25% 3 80,802.40 0.13
14.25% < Gross Coupon <= 14.50% 3 86,000.00 0.14
14.50% < Gross Coupon <= 14.75% 3 33,600.00 0.05
15.00% < Gross Coupon <= 15.25% 2 24,703.78 0.04
_______________________________________________________________________________
Total.......... 1944 $ 62,954,709.86 100.00%
===============================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<CAPTION>
REMAINING TERM
____________________________________________________________________________________
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Rem Term Loan Loan Count Balance Balance
<S> <C> <C> <C> <C>
12 < Rem Term <= 24 1 0.05 6,200.00 0.01
48 < Rem Term <= 60 92 4.73 831,080.09 1.32
60 < Rem Term <= 72 4 0.21 32,492.79 0.05
72 < Rem Term <= 84 88 4.53 1,191,016.99 1.89
84 < Rem Term <= 96 7 0.36 110,140.61 0.17
96 < Rem Term <= 108 2 0.10 20,283.22 0.03
108 < Rem Term <= 120 199 10.24 3,634,357.34 5.77
132 < Rem Term <= 144 75 3.86 1,311,982.96 2.08
168 < Rem Term <= 180 308 15.84 6,860,566.70 10.90
216 < Rem Term <= 228 2 0.10 52,399.43 0.08
228 < Rem Term <= 240 362 18.62 11,667,640.42 18.53
264 < Rem Term <= 276 1 0.05 58,073.05 0.09
276 < Rem Term <= 288 2 0.10 92,733.47 0.15
288 < Rem Term <= 300 341 17.54 12,315,926.12 19.56
312 < Rem Term <= 324 1 0.05 40,411.08 0.06
324 < Rem Term <= 336 2 0.10 64,683.24 0.10
336 < Rem Term <= 348 2 0.10 74,774.53 0.12
348 < Rem Term <= 360 455 23.41 24,589,947.82 39.06
____________________________________________________________________________________
Total.................... 1,944 100.00% 62,954,709.86 100.00%
====================================================================================
</TABLE>
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
12 < Orig. Term <= 24 1 6,200.00 0.01%
48 < Orig. Term <= 60 92 831,080.09 1.32%
60 < Orig. Term <= 72 3 23,748.57 0.04%
72 < Orig. Term <= 84 89 1,199,761.21 1.91%
84 < Orig. Term <= 96 7 110,140.61 0.17%
96 < Orig. Term <= 108 2 20,283.22 0.03%
108 < Orig. Term <= 120 199 3,634,357.34 5.77%
132 < Orig. Term <= 144 75 1,311,982.96 2.08%
168 < Orig. Term <= 180 308 6,860,566.70 10.90%
228 < Orig. Term <= 240 364 11,720,039.85 18.62%
288 < Orig. Term <= 300 344 12,466,732.64 19.80%
348 < Orig. Term <= 360 460 24,769,816.67 39.35%
___________________________________________________________________
Total............ 1,944 62,954,709.86 100.00%
===================================================================
<TABLE>
<CAPTION>
AGE IN MONTHS
____________________________________________________________________________________
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Age Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
0 < Age <= 6 1,915 98.51 61,788,294.38 98.15
6 < Age <= 12 19 0.98 807,551.46 1.28
12 < Age <= 18 5 0.26 157,386.47 0.25
18 < Age <= 24 1 0.05 38,310.18 0.06
24 < Age <= 30 2 0.10 83,873.02 0.13
30 < Age <= 36 1 0.05 38,883.27 0.06
36 < Age <= 42 1 0.05 40,411.08 0.06
____________________________________________________________________________________
Total.................... 1,944 100.00% 62,954,709.86 100.00%
====================================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
UCFC Funding Corporation
Manufactured Housing Contract Pass-Through Certificates Series 1997-3
<TABLE>
<S> <C>
Title of Certificates: Manufactured Housing Contract Pass-Through Certificates, Series 1997-3
Offered Certificates: The Class A-1, Class A-2, Class A-3 and Class A-4 Certificates (collectively,
the "Senior Certificates"), the Class M and the Class B-1 Certificates.
Depositor: UCFC Funding Corporation, a Louisiana corporation.
Servicer: United Companies Lending Corporation, a Louisiana corporation, an indirect,
wholly-owned subsidiary of United Companies Financial Corporation.
Trustee: Bankers Trust Company of California, N.A.
Lead Manager: Prudential Securities Incorporated
Co-Manager: Credit Suisse First Boston
</TABLE>
<TABLE>
<CAPTION>
Class Class Class Class Class Class | *Class
A1 A2 A3 A4 M B1 | B2
<S> <C> <C> <C> <C> <C> <C> | <C>
Amount(000): [14,400 14,200 10,700 18,449 6,563 5,813 | 4,875]
|
**Coupon: 1M LIBOR + 10 6.360 6.565 6.975 7.115 7.125 | n/a
|
Approx. Price: 100-0 100-0 99-31 99-31+ 99-31+ 100-0 | n/a
|
Yield: n/a 6.350 6.601 7.043 7.183 7.181 | n/a
|
Spread: 10 51/3yr 62/5yr 94/10yr 108/10yr 110 | n/a
|
Avg Life: [1.05 2.95 5.01 12.11 10.87 7.36] | n/a
|
Avg Life to Call: [1.05 2.95 5.01 11.40 10.30 7.36] | n/a
|
1st Prin. Pmt: [10/15/97 09/15/99 09/15/01 04/15/04 10/15/02 10/15/02] | n/a
|
Exp Mat: [09/15/99 09/15/01 04/15/04 03/15/20 03/15/20 01/15/08] | n/a
|
To 10% Call: [09/15/99 09/15/01 04/15/04 04/15/13 04/15/13 01/15/08] | n/a
|
Final Mat: [09/15/05 02/15/11 04/15/16 01/15/29 01/15/29 08/15/19] | n/a
|
Pymt Delay: 0 Days 14 Days 14 Days 14 Days 14 Days 14 Days | n/a
|
Dated Date: 09/25/97 09/1/97 09/1/97 09/1/97 09/1/97 09/1/97 | n/a
|
Int. Pymt: Monthly Monthly Monthly Monthly Monthly Monthly | n/a
|
1st Int. Pymt Date: 10/15/97 10/15/97 10/15/97 10/15/97 10/15/97 10/15/97 | n/a
|
Rating: Aaa/AAA Aaa/AAA Aaa/AAA Aaa/AAA Aa3/AA- Baa2/BBB | Ba1/BBB
(Moody's/Fitch)
</TABLE>
* NOTE: THE CLASS B-2 CERTIFICATES ARE NOT BEING OFFERED **
** PAYMENT OF INTEREST EACH MONTH ON ALL CLASSES OF CERTIFICATES IS SUBJECT
TO A MAXIMUM RATE EQUAL TO THE WEIGHTED AVERAGE OF THE NET CONTRACT RATES
(DEFINED BELOW) RELATING TO SUCH REMITTANCE DATE.
<TABLE>
<S> <C>
Pricing Date: September 22, 1997
Closing Date: Settlement with Investors will be on or about September [26], 1997.
Cut-Off Date: The opening of business on September 1, 1997.
Prepayment Speed: 175% MHP
Net Contract Rate: The Net Contract Rate of a Contract equals the rate of interest then borne by such Contract
minus 0.515% per annum (the "Expense Fee Rate")
Remittance Date: The 15th day of each month or, if such day is not a business day, the next succeeding business
day, beginning in October, 1997.
Interest Accrual: The initial interest accrual period on the Class A-1 Certificates will be from September 25th
until October 14th. In future periods, interest will accrue on the Class A-1 Certificates
at the applicable Pass-Through Rate from the preceeding Disbribution Date to and including
the day prior to the current Distribution Date. Interest on the Class A-1 Certificates will be
calculated on an actual/360 basis.
The Interest Accrual Period on the other offered Certificates will be the calendar month preceding
the month of such Remittance Date. Interest will be calculated on the basis of a 360-day year
consisting of twelve 30-day months.
Originators: The Contracts were, and any Subsequent Contracts will have been, originated or purchased
by United Companies Funding, Inc. ("UCFI"), United Companies or UNICOR Mortgage, Inc.
("UNICOR," and collectively with UCFI and United Companies, the "Originators") Each Originator
is a Louisiana corporation and an affiliate of the Depositor.
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $14,400,000.00 DATED DATE: 09/25/97
CURRENT COUPON: 5.756% ucfcmh73 FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 7
ORIGINAL BALANCE: $14,400,000.00 BOND A1 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 09/26/97
ASSUMED CONSTANT LIBOR-1M 5.6563
</TABLE>
<TABLE>
<CAPTION>
PRICING SPEED
175.0% 100.00% 125.00% 200.00% 225.00% 250.00%
PRICE MHP MHP MHP MHP MHP MHP
<S> <C> <C> <C> <C> <C> <C>
99-24 34.546 27.081 29.611 36.979 39.416 41.840
99-24+ 33.009 26.012 28.383 35.290 37.574 39.846
99-25 31.473 24.942 27.156 33.601 35.732 37.853
99-25+ 29.936 23.873 25.928 31.913 33.891 35.860
99-26 28.400 22.805 24.701 30.224 32.051 33.868
99-26+ 26.865 21.736 23.474 28.537 30.210 31.876
99-27 25.330 20.668 22.248 26.849 28.370 29.884
99-27+ 23.795 19.600 21.021 25.162 26.531 27.893
99-28 22.260 18.532 19.795 23.475 24.692 25.903
99-28+ 20.726 17.464 18.569 21.789 22.853 23.913
99-29 19.192 16.397 17.344 20.103 21.015 21.923
99-29+ 17.658 15.329 16.119 18.417 19.177 19.934
99-30 16.125 14.262 14.894 16.732 17.340 17.945
99-30+ 14.592 13.196 13.669 15.047 15.503 15.956
99-31 13.059 12.129 12.444 13.363 13.666 13.968
99-31+ 11.527 11.063 11.220 11.679 11.830 11.981
100-00 9.995 9.997 9.996 9.995 9.994 9.994
100-00+ 8.464 8.931 8.773 8.311 8.159 8.007
100-01 6.932 7.865 7.549 6.628 6.324 6.021
100-01+ 5.401 6.800 6.326 4.946 4.489 4.035
100-02 3.871 5.735 5.103 3.263 2.655 2.050
100-02+ 2.341 4.670 3.880 1.581 0.821 0.065
First Payment 0.053 0.053 0.053 0.053 0.053 0.053
Average Life 1.049 1.534 1.326 0.952 0.870 0.802
Last Payment 1.969 2.886 2.553 1.803 1.636 1.553
Mod.Dur. @ 100-00 0.983 1.411 1.229 0.894 0.820 0.757
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL
INFORMATION IN THE PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $14,200,000.00 DATED DATE: 09/01/97
COUPON: 6.360% ucfcmh73 FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 7
ORIGINAL BALANCE: $14,200,000.00 BOND A2 BE-YIELD TABLE YIELD TABLE DATE: 09/26/97
PREPAYMENT SPEED
</TABLE>
<TABLE>
<CAPTION>
PRICING SPEED
175.0% 100.00% 125.00% 200.00% 225.00% 250.00%
PRICE MHP MHP MHP MHP MHP MHP
<S> <C> <C> <C> <C> <C> <C>
99-24 6.446 6.446 6.446 6.446 6.446 6.446
99-24+ 6.440 6.441 6.441 6.439 6.439 6.438
99-25 6.434 6.437 6.436 6.433 6.432 6.431
99-25+ 6.428 6.433 6.431 6.426 6.425 6.423
99-26 6.422 6.429 6.426 6.420 6.417 6.415
99-26+ 6.416 6.424 6.421 6.413 6.410 6.407
99-27 6.410 6.420 6.417 6.406 6.403 6.400
99-27+ 6.404 6.416 6.412 6.400 6.396 6.392
99-28 6.398 6.412 6.407 6.393 6.389 6.384
99-28+ 6.392 6.407 6.402 6.387 6.382 6.377
99-29 6.386 6.403 6.397 6.380 6.375 6.369
99-29+ 6.380 6.399 6.393 6.374 6.367 6.361
99-30 6.374 6.395 6.388 6.367 6.360 6.354
99-30+ 6.368 6.390 6.383 6.360 6.353 6.346
99-31 6.362 6.386 6.378 6.354 6.346 6.338
99-31+ 6.356 6.382 6.373 6.347 6.339 6.331
100-00 6.350 6.378 6.368 6.341 6.332 6.323
100-00+ 6.344 6.374 6.364 6.334 6.325 6.315
100-01 6.338 6.369 6.359 6.328 6.318 6.308
100-01+ 6.332 6.365 6.354 6.321 6.310 6.300
100-02 6.326 6.361 6.349 6.315 6.303 6.292
100-02+ 6.320 6.357 6.344 6.308 6.296 6.284
100-03 6.314 6.352 6.340 6.302 6.289 6.277
100-03+ 6.308 6.348 6.335 6.295 6.282 6.269
100-04 6.302 6.344 6.330 6.288 6.275 6.261
100-04+ 6.296 6.340 6.325 6.282 6.268 6.254
100-05 6.290 6.336 6.320 6.275 6.261 6.246
100-05+ 6.284 6.331 6.316 6.269 6.254 6.238
100-06 6.278 6.327 6.311 6.262 6.246 6.231
100-06+ 6.272 6.323 6.306 6.256 6.239 6.223
100-07 6.266 6.319 6.301 6.249 6.232 6.215
100-07+ 6.260 6.314 6.296 6.243 6.225 6.208
First Payment 1.969 2.886 2.553 1.803 1.636 1.553
Average Life 2.950 4.364 3.762 2.667 2.436 2.244
Last Payment 3.969 5.886 5.053 3.553 3.303 2.969
Mod.Dur. @ 100-00 2.602 3.681 3.234 2.373 2.184 2.025
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL
INFORMATION IN THE PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $10,700,000.00 DATED DATE: 09/01/97
COUPON: 6.565% ucfcmh73 FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 7
ORIGINAL BALANCE: $10,700,000.00 BOND A3 BE-YIELD TABLE YIELD TABLE DATE: 09/26/97
PREPAYMENT SPEED
</TABLE>
<TABLE>
<CAPTION>
PRICING SPEED
175.0% 100.00% 125.00% 200.00% 225.00% 250.00%
PRICE MHP MHP MHP MHP MHP MHP
<S> <C> <C> <C> <C> <C> <C>
99-23 6.662 6.660 6.660 6.662 6.663 6.664
99-23+ 6.658 6.657 6.657 6.658 6.658 6.659
99-24 6.654 6.654 6.654 6.654 6.654 6.654
99-24+ 6.650 6.652 6.651 6.650 6.649 6.649
99-25 6.647 6.649 6.648 6.646 6.645 6.644
99-25+ 6.643 6.646 6.645 6.641 6.640 6.639
99-26 6.639 6.644 6.642 6.637 6.635 6.634
99-26+ 6.635 6.641 6.639 6.633 6.631 6.629
99-27 6.631 6.638 6.636 6.629 6.626 6.624
99-27+ 6.628 6.636 6.633 6.624 6.622 6.619
99-28 6.624 6.633 6.630 6.620 6.617 6.614
99-28+ 6.620 6.630 6.627 6.616 6.613 6.609
99-29 6.616 6.627 6.624 6.612 6.608 6.604
99-29+ 6.613 6.625 6.621 6.608 6.603 6.599
99-30 6.609 6.622 6.618 6.603 6.599 6.594
99-30+ 6.605 6.619 6.615 6.599 6.594 6.589
99-31 6.601 6.617 6.612 6.595 6.590 6.585
99-31+ 6.597 6.614 6.609 6.591 6.585 6.580
100-00 6.594 6.611 6.606 6.587 6.581 6.575
100-00+ 6.590 6.609 6.603 6.582 6.576 6.570
100-01 6.586 6.606 6.600 6.578 6.571 6.565
100-01+ 6.582 6.603 6.597 6.574 6.567 6.560
100-02 6.579 6.601 6.594 6.570 6.562 6.555
100-02+ 6.575 6.598 6.591 6.566 6.558 6.550
100-03 6.571 6.595 6.588 6.561 6.553 6.545
100-03+ 6.567 6.592 6.585 6.557 6.549 6.540
100-04 6.564 6.590 6.582 6.553 6.544 6.535
100-04+ 6.560 6.587 6.579 6.549 6.540 6.530
100-05 6.556 6.584 6.576 6.545 6.535 6.525
100-05+ 6.552 6.582 6.573 6.541 6.530 6.521
100-06 6.548 6.579 6.570 6.536 6.526 6.516
100-06+ 6.545 6.576 6.567 6.532 6.521 6.511
First Payment 3.969 5.886 5.053 3.553 3.303 2.969
Average Life 5.007 7.602 6.582 4.410 4.000 3.669
Last Payment 6.553 9.886 8.636 5.469 4.803 4.386
Mod.Dur. @ 99-31 4.125 5.776 5.159 3.705 3.405 3.157
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL
INFORMATION IN THE PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $18,449,000.00 DATED DATE: 09/01/97
COUPON: 6.975% ucfcmh73 FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 7
ORIGINAL BALANCE: $18,449,000.00 BOND A4 BE-YIELD TABLE YIELD TABLE DATE: 09/26/97
PREPAYMENT SPEED
***** TO CALL *****
</TABLE>
<TABLE>
<CAPTION>
PRICING SPEED
175.0% 100.00% 125.00% 200.00% 225.00% 250.00%
PRICE MHP MHP MHP MHP MHP MHP
<S> <C> <C> <C> <C> <C> <C>
99-24 7.074 7.075 7.075 7.074 7.074 7.073
99-24+ 7.072 7.073 7.073 7.072 7.071 7.071
99-25 7.070 7.071 7.071 7.069 7.069 7.068
99-25+ 7.068 7.070 7.069 7.067 7.066 7.065
99-26 7.066 7.068 7.067 7.065 7.064 7.063
99-26+ 7.064 7.066 7.066 7.063 7.061 7.060
99-27 7.062 7.064 7.064 7.060 7.059 7.057
99-27+ 7.060 7.063 7.062 7.058 7.056 7.054
99-28 7.058 7.061 7.060 7.056 7.054 7.052
99-28+ 7.055 7.059 7.058 7.054 7.051 7.049
99-29 7.053 7.058 7.056 7.051 7.049 7.046
99-29+ 7.051 7.056 7.055 7.049 7.046 7.044
99-30 7.049 7.054 7.053 7.047 7.044 7.041
99-30+ 7.047 7.053 7.051 7.044 7.041 7.038
99-31 7.045 7.051 7.049 7.042 7.039 7.035
99-31+ 7.043 7.049 7.047 7.040 7.036 7.033
100-00 7.041 7.047 7.046 7.038 7.034 7.030
100-00+ 7.039 7.046 7.044 7.035 7.032 7.027
100-01 7.037 7.044 7.042 7.033 7.029 7.025
100-01+ 7.035 7.042 7.040 7.031 7.027 7.022
100-02 7.033 7.041 7.038 7.029 7.024 7.019
100-02+ 7.030 7.039 7.037 7.026 7.022 7.016
100-03 7.028 7.037 7.035 7.024 7.019 7.014
100-03+ 7.026 7.035 7.033 7.022 7.017 7.011
100-04 7.024 7.034 7.031 7.020 7.014 7.008
100-04+ 7.022 7.032 7.029 7.017 7.012 7.006
100-05 7.020 7.030 7.027 7.015 7.009 7.003
100-05+ 7.018 7.029 7.026 7.013 7.007 7.000
100-06 7.016 7.027 7.024 7.010 7.004 6.998
100-06+ 7.014 7.025 7.022 7.008 7.002 6.995
100-07 7.012 7.024 7.020 7.006 6.999 6.992
100-07+ 7.010 7.022 7.018 7.004 6.997 6.989
First Payment 6.553 9.886 8.636 5.469 4.803 4.386
Average Life 11.405 15.709 14.194 10.089 8.935 7.928
Last Payment 15.553 19.969 18.553 14.219 13.136 12.136
Mod.Dur. @ 100-00 7.466 9.110 8.578 6.860 6.281 5.747
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL
INFORMATION IN THE PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $6,563,000.00 DATED DATE: 09/01/97
COUPON: 7.115% ucfcmh73 FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 7
ORIGINAL BALANCE: $6,563,000.00 BOND M BE-YIELD TABLE YIELD TABLE DATE: 09/26/97
PREPAYMENT SPEED
***** TO CALL *****
</TABLE>
<TABLE>
<CAPTION>
PRICING SPEED
175.0% 100.00% 125.00% 200.00% 225.00% 250.00%
PRICE MHP MHP MHP MHP MHP MHP
<S> <C> <C> <C> <C> <C> <C>
99-24 7.217 7.218 7.218 7.217 7.217 7.217
99-24+ 7.215 7.216 7.216 7.215 7.215 7.214
99-25 7.213 7.214 7.214 7.213 7.212 7.212
99-25+ 7.211 7.212 7.212 7.210 7.210 7.209
99-26 7.208 7.210 7.210 7.208 7.207 7.207
99-26+ 7.206 7.208 7.208 7.205 7.205 7.204
99-27 7.204 7.207 7.206 7.203 7.203 7.202
99-27+ 7.201 7.205 7.204 7.201 7.200 7.199
99-28 7.199 7.203 7.202 7.198 7.198 7.197
99-28+ 7.197 7.201 7.199 7.196 7.195 7.194
99-29 7.195 7.199 7.197 7.194 7.193 7.192
99-29+ 7.192 7.197 7.195 7.191 7.190 7.189
99-30 7.190 7.195 7.193 7.189 7.188 7.187
99-30+ 7.188 7.193 7.191 7.187 7.186 7.184
99-31 7.186 7.191 7.189 7.184 7.183 7.182
99-31+ 7.183 7.190 7.187 7.182 7.181 7.179
100-00 7.181 7.188 7.185 7.180 7.178 7.177
100-00+ 7.179 7.186 7.183 7.177 7.176 7.174
100-01 7.176 7.184 7.181 7.175 7.173 7.172
100-01+ 7.174 7.182 7.179 7.173 7.171 7.169
100-02 7.172 7.180 7.177 7.170 7.169 7.167
100-02+ 7.170 7.178 7.175 7.168 7.166 7.164
100-03 7.167 7.176 7.173 7.166 7.164 7.162
100-03+ 7.165 7.174 7.171 7.163 7.161 7.159
100-04 7.163 7.172 7.169 7.161 7.159 7.157
100-04+ 7.161 7.171 7.167 7.158 7.156 7.154
100-05 7.158 7.169 7.165 7.156 7.154 7.152
100-05+ 7.156 7.167 7.163 7.154 7.152 7.149
100-06 7.154 7.165 7.161 7.151 7.149 7.147
100-06+ 7.152 7.163 7.159 7.149 7.147 7.145
100-07 7.149 7.161 7.157 7.147 7.144 7.142
100-07+ 7.147 7.159 7.155 7.144 7.142 7.140
First Payment 5.053 6.803 5.886 5.053 5.053 5.053
Average Life 10.301 13.674 12.287 9.734 9.257 8.826
Last Payment 15.553 19.969 18.553 14.219 13.136 12.136
Mod.Dur. @ 100-00 6.853 8.205 7.666 6.623 6.418 6.226
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL
INFORMATION IN THE PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $5,813,000.00 DATED DATE: 09/01/97
COUPON: 7.125% ucfcmh73 FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 7
ORIGINAL BALANCE: $5,813,000.00 BOND B1 BE-YIELD TABLE YIELD TABLE DATE: 09/26/97
PREPAYMENT SPEED
</TABLE>
<TABLE>
<CAPTION>
PRICING SPEED
175.0% 100.00% 125.00% 200.00% 225.00% 250.00%
PRICE MHP MHP MHP MHP MHP MHP
<S> <C> <C> <C> <C> <C> <C>
99-24 7.227 7.228 7.227 7.226 7.226 7.226
99-24+ 7.224 7.225 7.225 7.224 7.223 7.223
99-25 7.221 7.223 7.222 7.221 7.220 7.220
99-25+ 7.218 7.221 7.220 7.218 7.217 7.217
99-26 7.215 7.219 7.217 7.215 7.215 7.214
99-26+ 7.212 7.216 7.215 7.212 7.212 7.211
99-27 7.210 7.214 7.212 7.209 7.209 7.208
99-27+ 7.207 7.212 7.210 7.206 7.206 7.205
99-28 7.204 7.209 7.207 7.203 7.203 7.202
99-28+ 7.201 7.207 7.205 7.200 7.200 7.199
99-29 7.198 7.205 7.202 7.197 7.197 7.196
99-29+ 7.195 7.203 7.200 7.195 7.194 7.193
99-30 7.193 7.200 7.197 7.192 7.191 7.190
99-30+ 7.190 7.198 7.195 7.189 7.188 7.187
99-31 7.187 7.196 7.192 7.186 7.185 7.184
99-31+ 7.184 7.194 7.190 7.183 7.182 7.181
100-00 7.181 7.191 7.187 7.180 7.179 7.178
100-00+ 7.178 7.189 7.185 7.177 7.176 7.175
100-01 7.176 7.187 7.182 7.174 7.173 7.172
100-01+ 7.173 7.185 7.180 7.171 7.170 7.169
100-02 7.170 7.182 7.177 7.168 7.167 7.166
100-02+ 7.167 7.180 7.175 7.166 7.164 7.163
100-03 7.164 7.178 7.173 7.163 7.161 7.160
100-03+ 7.161 7.176 7.170 7.160 7.158 7.157
100-04 7.159 7.173 7.168 7.157 7.155 7.154
100-04+ 7.156 7.171 7.165 7.154 7.152 7.151
100-05 7.153 7.169 7.163 7.151 7.149 7.148
100-05+ 7.150 7.167 7.160 7.148 7.146 7.145
100-06 7.147 7.164 7.158 7.145 7.143 7.142
100-06+ 7.144 7.162 7.155 7.142 7.141 7.139
100-07 7.142 7.160 7.153 7.140 7.138 7.136
100-07+ 7.139 7.157 7.150 7.137 7.135 7.133
First Payment 5.053 6.803 5.886 5.053 5.053 5.053
Average Life 7.358 10.050 8.799 7.121 6.923 6.756
Last Payment 10.303 13.886 12.386 9.803 9.303 8.969
Mod.Dur. @ 100-00 5.493 6.874 6.261 5.364 5.254 5.159
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL
INFORMATION IN THE PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT
RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL
SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
