<PAGE>
UNITED STATES
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): November 20, 1996
METROPOLITAN ASSET FUNDING, INC.
(Exact name of registrant as specified
in its organizational documents)
DELAWARE 333-11447 (APPLIED FOR)
- ------------------------ ---------------- -------------------
(State of incorporation) (Commission File (I.R.S. Employer
Number) Identification No.)
929 West Sprague Avenue, Spokane, Washington 99204
(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code: (509-838-3111)
NOT APPLICABLE
(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS.
This report is being filed for the purpose of filing certain
computional materials used by the underwriters in connection with
the Registrant's registration statement on Form S-3, file number
333-11447.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Computational Materials
99.2 Computational Materials
99.3 Computational Materials
<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 hereunto duly authorized.
METROPOLITAN ASSET FUNDING, INC.
Date: November 20, 1996 By /s/ TOM TURNER
------------------------------
Tom Turner, President
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Description
- ----------- -----------
99.1 Computational Materials
99.2 Computational Materials
99.3 Computational Materials
<PAGE>
FOR INTERNAL USE ONLY
- -------------------------------------------------------------------------------
METROPOLITAN ASSET FUNDING, INC.
1996-A
SALES MEMORANDUM
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
PRINCIPAL BALANCE # LOANS % OF TOTAL GWAC
----------------- ------- ---------- ----
TRANSACTION TOTAL $126,722,514.68 2,371 100.00 9.54
OVERVIEW Single Family $96,248,903.37 2,007 75.95 9.46
Commercial 30,473,611.31 364 24.05 9.80
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
SEASONING, SEASONING WAM CLTV AVG. SCHED. BAL.
WAM, LTV --------- ------- ----- ----------------
AND AVG. Single Family 67 mos 189 mos 72.51% $47,956.60
SCHEDULED Commercial 81 121 55.65 83,718.71
BAL. ------------- --------- ------- ----- ----------------
TOTAL 70 MOS 173 MOS 68.45% $53,446.86
- -------------------------------------------------------------------------------
- -------------------------------------------------------------
COMMERCIAL PROPERTY TYPES
TYPE PRIN. BALANCE # % COM.
- ---- -------------- --- ------
Churches $ 952,148.71 10 3.1%
Hotel/Motel 2,890,989.93 20 9.5%
Industrial 1,868,706.32 29 6.1%
Mixed-use 3,230,282.18 44 10.6%
Multi-family 5,374,789.93 60 17.6%
Retail 12,155,218.10 166 39.9%
All Other* 4,001,476.14 35 13.1%
- ----------- -------------- --- ------
TOTAL $30,473,611.31 364 100.0%
*Nursing/Retire, RV/Mobile Home Park, Multi-unit Pro.
- -------------------------------------------------------------
- -------------------------------------------------------------
GEOGRAPHIC DISTRIBUTION OF TOTAL COLLATERAL: TOP STATES
STATE PRIN. BALANCE # % TOTAL
- ----- -------------- ----- -------
TX $25,907,803.59 577 20.3%
CA 16,929,303.85 218 13.3%
WA 12,405,937.29 227 9.7%
FL 10,058,893.08 188 7.9%
NY 9,110,300.02 140 7.1%
AZ 5,240,655.95 125 4.1%
NJ 3,750,927.41 43 2.9%
- ----- -------------- ----- ------
TOTAL $83,403,821.19 1,518 65.3%
- -------------------------------------------------------------
- -------------------------------------------------------------------------------
PRINCIPAL BALANCE # LOANS % OF CLASS
----------------- ------- ----------
OWNER-OCCUPIED Single Family $ 66,041,689.53 1,315 68.62%
OR SINGLE TENANT Commercial 10,759,353.38 126 35.31
OCCUPIED ------------- ----------------- ------- ----------
TOTAL $ 76,807,042.91 1,441 60.61%
WTD. AVG.
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
PRINCIPAL BALANCE # LOANS % OF CLASS
----------------- ------- ----------
BALLOONS Single Family $ 18,917,428.17 320 19.66%
Commercial 7,177,869.86 71 23.56
------------- ----------------- ------- ----------
TOTAL $ 26,095,298.03 392 20.59%
WTD. AVG.
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
PRINCIPAL BALANCE # LOANS % OF CLASS
----------------- ------- ----------
SECURED BY Single Family $ 12,069,886.09 171 12.54%
PROPERTIES IN Commercial 4,859,417.76 47 15.95
CALIFORNIA ------------- ----------------- ------- ----------
TOTAL $ 16,929,303.85 218 13.36%
WTD. AVG.
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
PRINCIPAL BALANCE # LOANS % OF CLASS
----------------- ------- ----------
ORIGINATED FOR Single Family $ 90,168,273.53 1,934 71.15%
PURCHASE OF Commercial 30,113,671.64 361 23.76
PROPERTY ------------- ----------------- ------- ----------
TOTAL $120,281,945.17 2,295 94.92%
WTD. AVG.
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
PRINCIPAL BALANCE # LOANS % OF CLASS
----------------- ------- ----------
DELINQUENCY Single Family $ 1,406,322.08 30 1.46%
30+ DAYS* Commercial 318,199.70 3 1.04
------------- ----------------- ------- ----------
TOTAL $ 1,724,521.78 33 1.36%
WTD. AVG.
*All delinquent loans as of cut-off date are between 30-59 days delinquent.
- -------------------------------------------------------------------------------
<TABLE>
- ------------------------------------------------------------------------------------
OFFERED SECURITIES
- ------------------------------------------------------------------------------------
PRIN WINDOW
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CLASS RATING* PAR COUP SPRD PRICE YIELD A.L. 1ST LAST
- ----------------------------------------------------------------------------------------
A1 AAA/Aaa 42,460,468.66 1.231 1 30
- --------------------------------- --------------------
A2 AAA/Aaa 24,513,122.56 3.380 30 53
- --------------------------------- --------------------
A3 AAA/Aaa 9,241,971.12 TO BE PROVIDED 4.872 53 66
- --------------------------------- --------------------
A4 AAA/Aaa 25,796,061.98 5.327 1 97
- --------------------------------- --------------------
B1 AA/Aa2 6,969,738.31 5.327 1 97
- --------------------------------- --------------------
B2 A/A2 4,435,288.01 5.327 1 97
- --------------------------------- --------------------
B3 BBB/Baa2 3,801.675.44 8.467 97 106
- ----------------------------------------------------------------------------------------
</TABLE>
*Rated by Duff & Phelps and Moody's. Pricing speed 10 CPR. Settlement 11/26/96.
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE
DESCRIPTION OF THE COLLATERAL CONTAINED IN THE PROSPECTUS.
STRUCTURED CAPITAL MANAGEMENT
577 AIRPORT BOULEVARD, SUITE 600 BURLINGAME, CA 94010 (800) 782-2501
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Thu Nov 14 11:56:04 1996
Settlement Date: 11/26/96 Scenario 3: 10.00% CPR, 0 BP
File Name: MET#3
- -----------------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 A1 - AAA 42,460,468.66 6.20000 5.510 0.700 6.20997 99.75198 1.214 1.122 1 30
2 A2 - AAA 24,513,122.56 7.05000 5.963 1.100 7.06257 99.89355 3.363 2.891 30 53
3 A3 - AAA 9,241,971.12 7.35000 6.089 1.300 7.38874 99.90736 4.855 3.946 53 66
4 A4 - AAA 25,796,061.98 7.30000 6.115 1.200 7.31482 100.01865 5.311 4.153 1 97
5 B1 - AA 6,969,738.31 7.50000 6.115 1.400 7.51481 100.03142 5.311 4.127 1 97
6 B2 - A 4,435,288.01 7.70000 6.115 1.600 7.71480 100.04460 5.311 4.100 1 97
7 B3 - BBB 3,801,675.44 8.25000 6.266 1.950 8.21620 100.60883 8.450 5.876 97 106
8 B4 - BB 4,118,481.73 8.25000 6.304 3.850 10.15424 89.31997 9.275 6.017 106 117
9 B5 - B 2,851,256.58 8.25000 6.333 8.000 14.33340 68.88690 10.101 5.720 117 126
10 PO - Unrated 2,534,450.29 96.87279 17.914 0.000 17.91446 110.39021 14.682 11.028 126 449
- ---------------------------------------------------------------------------------------------------------------------------------
TOTAL: 126,722,514.68 8.78392 9.09730 99.07556 4.046 3.520 1 449
- -------------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
# CLASS PROCEEDS INTEREST DISCOUNT PROCEEDS
- -------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 A1 - AAA 42,355,158.21 182,815.91 0.00 42,537,974.11
2 A2 - AAA 24,487,028.34 120,012.16 0.00 24,607,040.50
3 A3 - AAA 9,233,409.36 47,172.56 0.00 9,280,581.92
4 A4 - AAA 25,800,872.95 130,771.70 0.00 25,931,644.65
5 B1 - AA 6,971,928.20 36,300.72 0.00 7,008,228.92
6 B2 - A 4,437,266.15 23,716.47 0.00 4,460,982.62
7 B3 - BBB 3,824,821.18 21,780.43 0.00 3,846,601.61
8 B4 - BB 3,678,626.65 23,595.47 0.00 3,702,222.11
9 B5 - B 1,964,142.27 16,335.32 0.00 1,980,477.59
10 PO - Unrated 2,797,785.00 40,919.88 0.00 2,838,704.87
- -------------------------------------------------------------------------------------
TOTAL: 125,551,038.29 643,420.63 0.00 126,194,458.92
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 126,194,458.92
Prepayment Method : CPR Collateral Accrued Interest: 773,000.24
Prepayment Rate (Initial) : 10.00000 Gross Collateral Cost : 127,495,514.92
Default Method : CPR Gross Collateral Cost: 127,495,514.92
Default Rate (Initial) : 0.00000 Cost of Issuance : 0.00
Initial Deposit : 0.00
Other Uses : 0.00
Number of Collateral Pools : 2371 TOTAL USES : 127,495,514.92
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11 Profit/(Contribution): -1,301,056.00
Weighted Average Orig. Mat. : 248.05 Percent Profit : -1.03
Weighted Average Orig. Amort. Term: 279.97
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Thu Nov 14 11:56:30 1996
Settlement Date: 11/26/96 Scenario 4: 15.00% CPR, 0 BP
File Name: MET#3
- -----------------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 A1 - AAA 42,460,468.66 6.20000 5.488 0.700 6.18817 99.75198 0.917 0.858 1 23
2 A2 - AAA 24,513,122.56 7.05000 5.939 1.100 7.03855 99.89355 2.595 2.291 23 41
3 A3 - AAA 9,241,971.12 7.35000 6.071 1.300 7.37078 99.90736 3.769 3.181 41 50
4 A4 - AAA 25,796,061.98 7.30000 6.102 1.200 7.30182 100.01865 4.528 3.662 1 82
5 B1 - AA 6,969,738.31 7.50000 6.101 1.400 7.50106 100.03142 4.528 3.642 1 82
6 B2 - A 4,435,288.01 7.70000 6.100 1.600 7.70030 100.04460 4.528 3.622 1 82
7 B3 - BBB 3,801,675.44 8.25000 6.244 1.950 8.19429 100.60883 7.176 5.228 82 91
8 B4 - BB 4,118,481.73 8.25000 6.501 3.850 10.35138 89.31997 7.933 5.419 91 101
9 B5 - B 2,851,256.58 8.25000 6.883 8.000 14.88302 68.88690 8.761 5.269 101 110
10 PO - Unrated 2,534,450.29 96.87279 18.056 0.000 18.05583 110.39021 12.650 9.637 110 449
- ---------------------------------------------------------------------------------------------------------------------------------
TOTAL: 126,722,514.68 8.78392 9.13102 99.07556 3.337 2.944 1 449
- -------------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
# CLASS PROCEEDS INTEREST DISCOUNT PROCEEDS
- -------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 A1 - AAA 42,355,158.21 182,815.91 0.00 42,537,974.11
2 A2 - AAA 24,487,028.34 120,012.16 0.00 24,607,040.50
3 A3 - AAA 9,233,409.36 47,172.56 0.00 9,280,581.92
4 A4 - AAA 25,800,872.95 130,771.70 0.00 25,931,644.65
5 B1 - AA 6,971,928.20 36,300.72 0.00 7,008,228.92
6 B2 - A 4,437,266.15 23,716.47 0.00 4,460,982.62
7 B3 - BBB 3,824,821.18 21,780.43 0.00 3,846,601.61
8 B4 - BB 3,678,626.65 23,595.47 0.00 3,702,222.11
9 B5 - B 1,964,142.27 16,335.32 0.00 1,980,477.59
10 PO - Unrated 2,797,785.00 40,919.88 0.00 2,838,704.87
- -------------------------------------------------------------------------------------
TOTAL: 125,551.038.29 643,420.63 0.00 126,194,458.92
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 126,194,458.92
Prepayment Method : CPR Collateral Accrued Interest: 773,000.24
Prepayment Rate (Initial) : 15.00000 Gross Collateral Cost : 127,495,514.92
Default Method : CPR Gross Collateral Cost: 127,495,514.92
Default Rate (Initial) : 0.00000 Cost of Issuance : 0.00
Initial Deposit : 0.00
Other Uses : 0.00
Number of Collateral Pools : 2371 TOTAL USES : 127,495,514.92
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11 Profit/(Contribution): -1,301,056.00
Weighted Average Orig. Mat. : 248.05 Percent Profit : -1.03
Weighted Average Orig. Amort. Term: 279.97
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Thu Nov. 14 11:56:55 1996
Settlement Date: 11/26/96 Scenario 5: 20.00% CPR, O BP
File Name: MET#3
- -----------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 A1 - AAA 42,460,468.66 6.20000 5.464 0.700 6.16447 99.75198 0.724 0.683 1 18
2 A2 - AAA 24,513,122.56 7.05000 5.913 1.100 7.01275 99.89355 2.085 1.874 18 33
3 A3 - AAA 9,241,971.12 7.35000 6.051 1.300 7.35056 99.90736 3.012 2.612 33 40
4 A4 - AAA 25,796,061.98 7.30000 6.087 1.200 7.28718 100.01865 3.893 3.232 1 71
5 B1 - AA 6,969,738.31 7.50000 6.086 1.400 7.48558 100.03142 3.893 3.216 1 71
6 B2 - A 4,435,288.01 7.70000 6.084 1.600 7.68396 100.04460 3.893 3.201 1 71
7 B3 - BBB 3,801,675.44 8.25000 6.220 1.950 8.17000 100.60883 6.156 4.658 71 78
8 B4 - BB 4,118,481.73 8.25000 6.718 3.850 10.56778 89.31997 6.858 4.885 78 88
9 B5 - B 2,851,256.58 8.25000 7.508 8.000 15.50778 68.88690 7.634 4.831 88 96
10 PO - Unrated 2,534,450.29 96.87279 18.152 0.000 18.15210 110.39021 10.969 8.521 96 449
- -----------------------------------------------------------------------------------------------------------------------
TOTAL 126,722,514.68 8.78392 9.16588 99.07556 2.807 2.506 1 449
- -----------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
PROCEEDS INTEREST DISCOUNT PROCEEDS
- -----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 A1 - AAA 42,355,158.21 182,815.91 0.00 42,537,974.11
2 A2 - AAA 24,487,028.34 120,012.16 0.00 24,607,040.50
3 A3 - AAA 9,233,409.36 47,172.56 0.00 9,280,581.92
4 A4 - AAA 25,800,872.95 130,771.70 0.00 25,931,644.65
5 B1 - AA 6,971,928.20 36,300.72 0.00 7,008,228.92
6 B2 - A 4,437,266.15 23,716.47 0.00 4,460,982.62
7 B3 - BBB 3,824,821.18 21,780.43 0.00 3,846,601.61
8 B4 - BB 3,678,626.65 23,595.47 0.00 3,702,222.11
9 B5 - B 1,964,142.27 16,335.32 0.00 1,980,477.59
10 PO - Unrated 2,797,785.00 40,919.88 0.00 2,838,704.87
- -----------------------------------------------------------------------------------
TOTAL 125,551,038.29 643,420.63 0.00 126,194,458.92
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 126,194,458.92
Prepayment Method : CPR Collateral Accrued Interest: 773,000.24
Prepayment Rate (Initial) : 20.00000 Gross Collateral Cost : 127,495,514.92
Default Method : CPR Gross Collateral Cost: 127,495,514.92
Default Rate (Initial) : 0.00000 Cost of Issuance : 0.00
Initial Deposit : 0.00
Number of Collateral Pools : 2371 Other Uses : 0.00
Weighted Average Coupon : 9.54 TOTAL USES : 127,495,514.92
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11 Profit/(Contribution): -1,301,056.00
Weighted Average Orig. Mat. : 248.05 Percent Profit : -1.03
Weighted Average Orig. Amort. Term: 279.97
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Thu Nov. 14 11:56:55 1996
Settlement Date: 11/26/96 Scenario 5: 20.00% CPR, O BP
File Name: MET#3
- -----------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 A1 - AAA 42,460,468.66 6.20000 5.547 0.700 6.24718 99.75198 2.705 2.370 1 60
2 A2 - AAA 24,513,122.56 7.05000 6.004 1.100 7.10407 99.89355 6.918 5.276 60 108
3 A3 - AAA 9,241,971.12 7.35000 6.120 1.300 7.42046 99.90736 10.023 6.857 108 135
4 A4 - AAA 25,796,061.98 7.30000 6.132 1.200 7.33199 100.01865 6.988 5.046 1 141
5 B1 - AA 6,969,738.31 7.50000 6.133 1.400 7.53293 100.03142 6.988 5.005 1 141
6 B2 - A 4,435,288.01 7.70000 6.134 1.600 7.73387 100.04460 6.988 4.964 1 141
7 B3 - BBB 3,801,675.44 8.25000 6.303 1.950 8.25306 100.60883 12.171 7.425 141 151
8 B4 - BB 4,118,481.73 8.25000 5.980 3.850 9.82965 89.31997 13.012 7.342 151 162
9 B5 - B 2,851,256.58 8.25000 5.401 8.000 13.40147 68.88690 13.890 6.660 162 172
10 PO - Unrated 2,534,450.29 96.87279 17.609 0.000 17.60868 110.39021 19.931 14.959 172 449
- -----------------------------------------------------------------------------------------------------------------------
TOTAL 126,722,514.68 8.78392 9.02961 99.07556 6.526 5.420 1 449
- ----------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
PROCEEDS INTEREST DISCOUNT PROCEEDS
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 A1 - AAA 42,355,158.21 182,815.91 0.00 42,537,974.11
2 A2 - AAA 24,487,028.34 120,012.16 0.00 24,607,040.50
3 A3 - AAA 9,233,409.36 47,172.56 0.00 9,280,581.92
4 A4 - AAA 25,800,872.95 130,771.70 0.00 25,931,644.65
5 B1 - AA 6,971,928.20 36,300.72 0.00 7,008,228.92
6 B2 - A 4,437,266.15 23,716.47 0.00 4,460,982.62
7 B3 - BBB 3,824,821.18 21,780.43 0.00 3,846,601.61
8 B4 - BB 3,678,626.65 23,595.47 0.00 3,702,222.11
9 B5 - B 1,964,142.27 16,335.32 0.00 1,980,477.59
10 PO - Unrated 2,797,785.00 40,919.88 0.00 2,838,704.87
- ----------------------------------------------------------------------------------
TOTAL 125,551,038.29 643,420.63 0.00 126,194,458.92
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 126,194,458.92
Prepayment Method : CPR Collateral Accrued Interest: 773,000.24
Prepayment Rate (Initial) : 0.00000 Gross Collateral Cost : 127,495,514.92
Default Method : CPR Gross Collateral Cost: 127,495,514.92
Default Rate (Initial) : 0.00000 Cost of Issuance : 0.00
Initial Deposit : 0.00
Number of Collateral Pools : 2371 Other Uses : 0.00
Weighted Average Coupon : 9.54 TOTAL USES : 127,495,514.92
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11 Profit/(Contribution): -1,301,056.00
Weighted Average Orig. Mat. : 248.05 Percent Profit : -1.03
Weighted Average Orig. Amort. Term: 279.97
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Thu Nov.14 11:55:39 1996
Settlement Date: 11/26/96 Scenario 2: 5.00% CPR, 0 BP
File Name : MET#3
- -----------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 A1 - AAA 42,460,468.66 6.20000 5.530 0.700 6.22966 99.75198 1.715 1.556
2 A2 - AAA 24,513,122.56 7.05000 5.984 1.100 7.08443 99.89355 4.606 3.794
3 A3 - AAA 9,241,971.12 7.35000 6.108 1.300 7.40773 99.90736 7.007 5.290
4 A4 - AAA 25,796,061.98 7.30000 6.125 1.200 7.32460 100.01865 6.136 4.618
5 B1 - AA 6,969,738.31 7.50000 6.125 1.400 7.52513 100.03142 6.136 4.585
6 B2 - A 4,435,288.01 7.70000 6.126 1.600 7.72567 100.04460 6.136 4.552
7 B3 - BBB 3,801,675.44 8.25000 6.286 1.950 8.23572 100.60883 10.064 6.606
8 B4 - BB 4,118,481.73 8.25000 6.131 3.850 9.98133 89.31997 10.925 6.658
9 B5 - B 2,851,256.58 8.25000 5.849 8.000 13.84870 68.88690 11.731 6.179
10 PO - Unrated 2,534,450.29 96.87279 17.746 0.000 17.74572 110.39021 17.109 12.778
- -----------------------------------------------------------------------------------------------------------------------
TOTAL: 126,722,514.68 8.78392 9.06389 99.07556 5.041 4.304
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------
1st LAST FLAT ACCRUED UNDERWRITERS TOTAL
# PMT PMT PROCEEDS INTEREST DISCOUNT PROCEEDS
- -----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1 1 41 42,355,158.21 182,815.91 0.00 42,537,974.11
2 41 74 24,487,028.34 120,012.16 0.00 24,607,040.50
3 74 98 9,233,409.36 47,172.56 0.00 9,280,581.92
4 1 116 25,800,872.95 130,771.70 0.00 25,931,644.65
5 1 116 6,971,928.20 36,300.72 0.00 7,008,228.92
6 1 116 4,437,266.15 23,716.47 0.00 4,460,982.62
7 117 126 3,824,821.18 21,780.43 0.00 3,846,601.61
8 126 137 3,678,626.65 23,595.47 0.00 3,702,222.11
9 137 145 1,964,142.27 16,335.32 0.00 1,980,477.59
10 145 449 2,797,785.00 40,919.88 0.00 2,838,704.87
- -----------------------------------------------------------------------------------
TOTAL 1 449 125,551,038.29 643,420.63 0.00 126,194,458.92
</TABLE>
Residual Yield : 0.00000
Residual Duration : 0.00000
Prepayment Method : CPR
Prepayment Rate (Initial) : 5.00000
Default Method : CPR
Default Rate (Initial) : 0.00000
Number of Collateral Pools : 2371
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11
Weighted Average Orig. Mat. : 248.05
Weighted Average Orig. Amort. Term : 279.97
Collateral Principal Amount : 126,722,514.68
Collateral Price : 100.00
Net Collateral Cost : 126,722,514.68
Collateral Accrued Interest : 773,000.24
Gross Collateral Cost : 127,495,514.92
Residual Proceeds : 0.00
Other Sources : 0.00
TOTAL SOURCES : 126,194,458.92
Gross Collateral Cost : 127,495,514.92
Cost of Issuance : 0.00
Initial Deposit : 0.00
Other Uses : 0.00
TOTAL USES : 127,495,514.92
Profit/(Contribution) : -1,301,056.00
Percent Profit : -1.03
<PAGE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A
Thu Nov. 14 11:56:56 1996
PRICE/YIELD TABLE: TRANCHE 1 of 12
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : A1 - AAA CUSIP :
Par Amount : 42,460,468.66 Coupon : 6.20000%
Type : File Name : MET#3
- --------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 2.705 1.715 1.214 0.917 0.724
DURATION: 2.370 1.556 1.122 0.858 0.683
1st PRIN DATE: 1 1 1 1 1
FINAL MATURITY: 60 41 30 23 18
- --------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
- --------------------------------------------------------------------------------
98.87698 6.618 6.795 6.994 7.215 7.455
99.00198 6.565 6.714 6.881 7.067 7.269
99.12698 6.512 6.633 6.769 6.920 7.084
99.25198 6.459 6.552 6.657 6.773 6.899
99.37698 6.406 6.471 6.545 6.626 6.715
99.50198 6.353 6.390 6.433 6.480 6.531
99.62698 6.300 6.310 6.321 6.334 6.347
99.75198 6.247 6.230 6.210 6.188 6.164
99.87698 6.195 6.150 6.099 6.043 5.982
100.00198 6.142 6.070 5.988 5.898 5.800
100.12698 6.090 5.990 5.878 5.753 5.619
100.25198 6.037 5.910 5.767 5.609 5.437
100.37698 5.985 5.831 5.657 5.465 5.257
100.50198 5.933 5.752 5.547 5.322 5.077
100.62698 5.881 5.672 5.438 5.179 4.897
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A
Thu Nov 14 1:56:56 1996 PRICE/YIELD TABLE: TRANCHE 2 of 12
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : A2 - AAA CUSIP :
Par Amount : 24,513,122.56 Coupon : 7.05000%
Type : File Name : MET#3
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 6.918 4.606 3.363 2.595 2.085
DURATION: 5.276 3.794 2.891 2.291 1.874
1st PRIN DATE: 60 41 30 23 18
FINAL MATURITY: 108 74 53 41 33
- ---------------------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
- ---------------------------------------------------------------------------------------------
99.01855 7.270 7.315 7.366 7.421 7.481
99.14355 7.246 7.282 7.322 7.366 7.413
99.26855 7.223 7.249 7.279 7.311 7.346
99.39355 7.199 7.216 7.235 7.257 7.279
99.51855 7.175 7.183 7.192 7.202 7.213
99.64355 7.151 7.150 7.149 7.147 7.146
99.76855 7.128 7.117 7.106 7.093 7.079
99.89355 7.104 7.084 7.063 7.039 7.013
100.01855 7.080 7.052 7.020 6.984 6.946
100.14355 7.057 7.019 6.977 6.930 6.880
100.26855 7.033 6.986 6.934 6.876 6.814
100.39355 7.010 6.954 6.891 6.822 6.748
100.51855 6.987 6.921 6.848 6.768 6.682
100.64355 6.963 6.888 6.805 6.714 6.616
100.76855 6.940 6.856 6.763 6.660 6.550
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A
Thu Nov 14 1:56:56 1996 PRICE/YIELD TABLE: TRANCHE 3 of 12
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : A3 - AAA CUSIP :
Par Amount : 9,241,971.12 Coupon : 7.35000%
Type : File Name : MET#3
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 10.023 7.007 4.855 3.769 3.012
DURATION: 6.857 5.290 3.946 3.181 2.612
1st PRIN DATE: 108 74 53 41 33
FINAL MATURITY: 135 98 66 50 40
- ---------------------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
- ---------------------------------------------------------------------------------------------
99.03236 7.548 7.573 7.611 7.646 7.686
99.15736 7.530 7.550 7.579 7.607 7.638
99.28236 7.512 7.526 7.547 7.567 7.590
99.40736 7.493 7.502 7.515 7.528 7.542
99.53236 7.475 7.478 7.484 7.488 7.494
99.65736 7.457 7.455 7.452 7.449 7.446
99.78236 7.439 7.431 7.420 7.410 7.398
99.90736 7.420 7.408 7.389 7.371 7.351
100.03236 7.402 7.384 7.357 7.332 7.303
100.15736 7.384 7.361 7.326 7.293 7.255
100.28236 7.366 7.337 7.294 7.254 7.208
100.40736 7.348 7.314 7.263 7.215 7.161
100.53236 7.330 7.291 7.232 7.176 7.113
100.65736 7.312 7.267 7.200 7.137 7.066
100.78236 7.294 7.244 7.169 7.098 7.019
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI
Thu Nov 14 1:56:56 1996 Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A PRICE/YIELD TABLE: TRANCHE 4 of 12
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : A4 - AAA CUSIP :
Par Amount : 25,796,061.98 Coupon : 7.30000%
Type : File Name : MET#3
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 6.988 6.136 5.311 4.528 3.893
DURATION: 5.046 4.618 4.153 3.662 3.232
1st PRIN DATE: 1 1 1 1 1
FINAL MATURITY: 141 116 97 82 71
- ---------------------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
- ---------------------------------------------------------------------------------------------
99.14365 7.506 7.514 7.526 7.541 7.558
99.26865 7.481 7.487 7.495 7.507 7.519
99.39365 7.456 7.460 7.465 7.472 7.480
99.51865 7.431 7.433 7.435 7.438 7.442
99.64365 7.406 7.406 7.405 7.404 7.403
99.76865 7.381 7.379 7.375 7.370 7.364
99.89365 7.357 7.352 7.345 7.336 7.326
100.01865 7.332 7.325 7.315 7.302 7.287
100.14365 7.307 7.298 7.285 7.268 7.249
100.26865 7.283 7.271 7.255 7.234 7.210
100.39365 7.258 7.244 7.225 7.200 7.172
100.51865 7.234 7.217 7.195 7.166 7.134
100.64365 7.209 7.191 7.166 7.133 7.096
100.76865 7.185 7.164 7.136 7.099 7.058
100.89365 7.161 7.137 7.107 7.066 7.019
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI
Thu Nov 14 1:56:56 1996 Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A PRICE/YIELD TABLE: TRANCHE 5 of 12
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : B1 - AA CUSIP :
Par Amount : 6,969,738.31 Coupon : 7.50000%
Type : File Name : MET#3
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 6.988 6.136 5.311 4.528 3.893
DURATION: 5.005 4.585 4.127 3.642 3.216
1st PRIN DATE: 1 1 1 1 1
FINAL MATURITY: 141 116 97 82 71
- ---------------------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
- ---------------------------------------------------------------------------------------------
99.15642 7.708 7.716 7.727 7.741 7.758
99.28142 7.683 7.689 7.697 7.707 7.719
99.40642 7.658 7.661 7.666 7.672 7.680
99.53142 7.633 7.634 7.636 7.638 7.641
99.65642 7.608 7.607 7.605 7.604 7.602
99.78142 7.583 7.579 7.575 7.569 7.563
99.90642 7.558 7.552 7.545 7.535 7.524
100.03142 7.533 7.525 7.515 7.501 7.486
100.15642 7.508 7.498 7.485 7.467 7.447
100.28142 7.483 7.471 7.455 7.433 7.408
100.40642 7.459 7.444 7.425 7.399 7.370
100.53142 7.434 7.417 7.395 7.365 7.332
100.65642 7.409 7.390 7.365 7.331 7.293
100.78142 7.385 7.363 7.335 7.297 7.255
100.90642 7.360 7.337 7.305 7.264 7.217
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A PRICE/YIELD TABLE: TRANCHE 6 of 12
Thu Nov 14 11:56:56 1996
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : B2 - A CUSIP :
Par Amount : 4,435,288.01 Coupon : 7.70000%
Type : File Name : MET#3
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 6.988 6.136 5.311 4.528 3.893
DURATION: 4.964 4.552 4.100 3.622 3.201
1st PRIN DATE: 1 1 1 1 1
FINAL MATURITY: 141 116 97 82 71
--------------------------------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
--------------------------------------------------------------------------------------------------------
99.16960 7.910 7.918 7.928 7.942 7.957
99.29460 7.885 7.890 7.898 7.907 7.918
99.41960 7.860 7.863 7.867 7.873 7.879
99.54460 7.834 7.835 7.836 7.838 7.840
99.66960 7.809 7.808 7.806 7.804 7.801
99.79460 7.784 7.780 7.776 7.769 7.762
99.91960 7.759 7.753 7.745 7.735 7.723
100.04460 7.734 7.726 7.715 7.700 7.684
100.16960 7.709 7.698 7.685 7.666 7.645
100.29460 7.684 7.671 7.654 7.632 7.606
100.41960 7.659 7.644 7.624 7.598 7.568
100.54460 7.634 7.617 7.594 7.564 7.529
100.66960 7.609 7.590 7.564 7.529 7.491
100.79460 7.585 7.563 7.534 7.495 7.452
100.91960 7.560 7.536 7.504 7.462 7.414
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A PRICE/YIELD TABLE: TRANCHE 7 of 12
Thu Nov 14 11:56:56 1996
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : B3-BBB CUSIP :
Par Amount : 3,801,675.44 Coupon : 8.25000%
Type : File Name : MET#3
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 12.171 10.064 8.450 7.176 6.156
DURATION: 7.425 6.606 5.876 5.228 4.658
1st PRIN DATE: 141 117 97 82 71
FINAL MATURITY: 151 126 106 91 78
--------------------------------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
--------------------------------------------------------------------------------------------------------
99.73383 8.370 8.367 8.364 8.361 8.357
99.85883 8.353 8.348 8.343 8.337 8.330
99.98383 8.337 8.330 8.322 8.313 8.303
100.10883 8.320 8.311 8.301 8.289 8.276
100.23383 8.303 8.292 8.279 8.265 8.250
100.35883 8.286 8.273 8.258 8.242 8.223
100.48383 8.270 8.254 8.237 8.218 8.197
100.60883 8.253 8.236 8.216 8.194 8.170
100.73383 8.236 8.217 8.195 8.171 8.143
100.85883 8.220 8.198 8.174 8.147 8.117
100.98383 8.203 8.180 8.153 8.124 8.091
100.10883 8.187 8.161 8.132 8.100 8.064
101.23383 8.170 8.143 8.111 8.077 8.038
101.35883 8.154 8.124 8.091 8.053 8.012
101.48383 8.137 8.106 8.070 8.030 7.985
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A PRICE/YIELD TABLE: TRANCHE 8 of 12
Thu Nov 14 11:56:56 1996
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : B4 - BB CUSIP :
Par Amount : 4,118,481.73 Coupon : 8.25000%
Type : File Name : MET#3
<S> <C> <C> <C> <C> <C>
- -------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 13.012 10.925 9.275 7.933 6.858
DURATION: 7.342 6.658 6.017 5.419 4.885
1st PRIN DATE: 151 126 106 91 78
FINAL MATURITY: 162 137 117 101 88
- -------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
- -------------------------------------------------------------------------------
88.44497 9.963 10.129 10.317 10.532 10.768
88.56997 9.944 10.107 10.294 10.506 10.739
88.69497 9.925 10.086 10.270 10.480 10.711
88.81997 9.906 10.065 10.247 10.454 10.682
88.94497 9.887 10.044 10.224 10.429 10.653
89.06997 9.868 10.023 10.201 10.403 10.625
89.19497 9.849 10.002 10.177 10.377 10.596
89.31997 9.830 9.981 10.154 10.351 10.568
89.44497 9.811 9.960 10.131 10.326 10.539
89.56997 9.792 9.940 10.108 10.300 10.511
89.69497 9.773 9.919 10.085 10.275 10.483
89.81997 9.754 9.898 10.062 10.249 10.454
89.94497 9.735 9.877 10.039 10.224 10.426
90.06997 9.717 9.857 10.016 10.198 10.398
90.19497 9.698 9.836 9.994 10.173 10.370
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A PRICE/YIELD TABLE: TRANCHE 9 of 12
Thu Nov 14 11:56:56 1996
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : B5 - B CUSIP :
Par Amount : 2,851,256.58 Coupon : 8.25000%
Type : File Name : MET#3
<S> <C> <C> <C> <C> <C>
- -------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 13.890 11.731 10.101 8.761 7.634
DURATION: 6.660 6.179 5.720 5.269 4.831
1st PRIN DATE: 162 137 117 101 88
FINAL MATURITY: 172 145 126 110 96
- -------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
- -------------------------------------------------------------------------------
68.01190 13.593 14.055 14.556 15.124 15.771
68.13690 13.565 14.025 14.524 15.090 15.733
68.26190 13.538 13.995 14.492 15.055 15.695
68.38690 13.510 13.966 14.460 15.020 15.658
68.51190 13.483 13.936 14.428 14.986 15.620
68.63690 13.456 13.907 14.396 14.952 15.582
68.76190 13.429 13.878 14.365 14.917 15.545
68.88690 13.401 13.849 14.333 14.883 15.508
69.01190 13.374 13.820 14.302 14.849 15.471
69.13690 13.348 13.791 14.271 14.815 15.433
69.26190 13.321 13.762 14.239 14.781 15.396
69.38690 13.294 13.733 14.208 14.747 15.360
69.51190 13.267 13.704 14.177 14.713 15.323
69.63690 13.241 13.675 14.146 14.680 15.286
69.76190 13.214 13.647 14.115 14.646 15.249
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A PRICE/YIELD TABLE: TRANCHE 10, 11, 12 of 12
Thu Nov 14 1:56:56 1996
Settlement Date: 11/26/96 Prepayment Method: CPR
Class : PO - Unrated CUSIP :
Par Amount : 2,534,450.29 Coupon : 98.87279%
Type : File Name : MET#3
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------
SCEN #: 1 2 3 4 5
RATE CHANGE: 0 0 0 0 0
PPSPEED: 0.00000 5.00000 10.00000 15.00000 20.00000
AVERAGE LIFE: 19.931 17.109 14.682 12.650 10.969
DURATION: 14.959 12.778 11.028 9.637 8.521
1st PRIN DATE: 172 145 126 110 96
FINAL MATURITY: 449 449 449 449 449
- ---------------------------------------------------------------------------------------------
PRICE YIELD YIELD YIELD YIELD YIELD
- ---------------------------------------------------------------------------------------------
109.51521 17.661 17.807 17.986 18.137 18.244
109.64021 17.654 17.798 17.975 18.126 18.231
109.76521 17.646 17.790 17.965 18.114 18.218
109.89021 17.639 17.781 17.955 18.102 18.205
110.01521 17.631 17.772 17.945 18.091 18.191
110.14021 17.624 17.763 17.935 18.079 18.178
110.26521 17.616 17.754 17.925 18.067 18.165
110.39021 17.609 17.746 17.914 18.056 18.152
110.51521 17.601 17.737 17.904 18.044 18.139
110.64021 17.594 17.728 17.894 18.033 18.126
110.76521 17.586 17.720 17.884 18.021 18.113
110.89021 17.579 17.711 17.874 18.010 18.100
111.01521 17.571 17.702 17.864 17.998 18.087
111.14021 17.564 17.694 17.854 17.987 18.074
111.26521 17.557 17.685 17.844 17.975 18.061
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
Rating: Moody's: Aaa
- --------------------------------------------------------------------------------
DEAL PARAMETERS
- --------------------------------------------------------------------------------
Collateral Type : UC (and/or in stripped form) Assumed WAM : 205
Dated Date : 11/01/96 Gross WAC : 9.541
Settlement Date : 11/26/96 Net Coupon : 8.784
First Pmt Date : 12/20/96 Pricing Speed : 10% CPP
Offering : 126,723 Pmt Freq : Monthly
- --------------------------------------------------------------------------------
TRANCHE DESCRIPTION
- --------------------------------------------------------------------------------
Approx.
PAC
Cls Face Coupon Price WAL Yield Spr/Tay Dur. Prin. Pay Band
A1 42,460,469 6.0500 1.20 0.1-2.4
A2 24,513,123 6.8500 3.31 2.4-4.3
A3 9,241,971 7.1500 4.75 4.3-5.3
A4 25,796,062 6.9500 5.22 0.1-7.9
B1 6,969,738 7.2000 5.22 0.1-7.9
B2 4,435,288 7.5000 5.22 0.1-7.9
- --------------------------------------------------------------------------------
Ref: 1.0 yr 2.0 yr 3.0 yr 5.0 yr 7.0 yr 10.0 yr 30.0 yr
Treas: 5.400 5.660 5.780 5.940 6.020 6.170 6.440
- --------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns
statement regarding assumptions as to securities, pricing estimates and other
information ("The Statement") which should be attached. Do not use or rely on
this information if you have not received and reviewed the statement. You may
obtain a copy of the statement from your sales representative.
<PAGE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
METRO-96A Class A1 (A-1 ) SENIOR/SEQ/AAA
Orig Bal 42,460,469 Fac 1.00000 Coup 6.050 Mat 12/20/01 Wac- 0.000(0.000)
WAM- / (-22763)
Price/Yield View Fact Thru 09/9999 Hist Coupons
Settle Date 26-Nov-1996 Curve Date 21-Nov-1996 Tranche: A1(A-1 )
- --------------------------------------------------------------------------------
5% CPP 10% CPP 15% CPP 20% CPP 25% CPP 30% CPP 35% CPP prepay
Price leases
- --------------------------------------------------------------------------------
99.7086 6.108 6.101 6.094 6.085 6.076 6.067 6.057 Yield
1.69 1.20 0.91 0.72 0.59 0.49 0.42 Avg Life
1.53 1.11 0.85 0.68 0.56 0.47 0.40 Duration
12/96 12/96 12/96 12/96 12/96 12/96 12/96 1st Prin
03/00 04/99 10/98 05/98 02/98 12/97 10/97 Last Prin
- --------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns
statement regarding assumptions as to securities, pricing estimates and other
information ("The Statement") which should be attached. Do not use or rely on
this information if you have not received and reviewed the statement. You may
obtain a copy of the statement from your sales representative.
<PAGE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
METRO-96A Class A4 (A-4 ) SENIOR/LOCKOUT/AAA
Orig Bal 25,796,062 Fac 1.00000 Coup 6.950 Mat 09/20/06 Wac- 0.000(0.000)
WAM- / (-22763)
Price/Yield View Fact Thru 09/9999 Hist Coupons
Settle Date 26-Nov-1996 Curve Date 21-Nov-1996 Tranche: A4(A-4 )
- --------------------------------------------------------------------------------
5% CPP 10% CPP 15% CPP 20% CPP 25% CPP 30% CPP 35% CPP prepay
Price leases
- --------------------------------------------------------------------------------
99.8516 7.004 6.999 6.992 6.984 6.975 6.965 6.955 Yield
6.04 5.22 4.46 3.84 3.34 2.92 2.57 Avg. Life
4.62 4.14 3.65 3.22 2.85 2.54 2.26 Duration
12/96 12/96 12/96 12/96 12/96 12/96 12/96 1st Prin
05/06 10/04 08/03 08/02 11/01 04/01 10/00 Last Prin
- --------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns
statement regarding assumptions as to securities, pricing estimates and other
information ("The Statement") which should be attached. Do not use or rely on
this information if you have not received and reviewed the statement. You may
obtain a copy of the statement from your sales representative.
<PAGE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
METRO-96A Class B1 (B-1 ) SUBORDINATE/AA
Orig Bal 6,969,738 Fac 1.00000 Coup 7.200 Mat 09/20/06 Wac- 0.000(0.000)
WAM- / (-22763)
Price/Yield View Fact Thru 09/9999 Hist Coupons
Settle Date 26-Nov-1996 Curve Date 21-Nov-1996 Tranche: B1(B-1 )
- --------------------------------------------------------------------------------
5% CPP 10% CPP 15% CPP 20% CPP 25% CPP 30% CPP 35% CPP prepay
Price leases
- --------------------------------------------------------------------------------
99.8674 7.225 7.249 7.241 7.232 7.222 7.211 7.199 Yield
6.04 5.22 4.46 3.84 3.34 2.92 2.57 Avg. Life
4.58 4.11 3.63 3.20 2.84 2.52 2.25 Duration
12/96 12/96 12/96 12/96 12/96 12/96 12/96 1st Prin
05/06 10/04 08/03 08/02 11/01 04/01 10/00 Last Prin
- --------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns
statement regarding assumptions as to securities, pricing estimates and other
information ("The Statement") which should be attached. Do not use or rely on
this information if you have not received and reviewed the statement. You may
obtain a copy of the statement from your sales representative.
<PAGE>
STRUCTURED CAPITAL MANAGEMENT
<TABLE>
HISTORICAL CPRs FOR TMFI 96-1
- -----------------------------------------------------------------------------------------------------------------------------------
ACCRUAL PAYMENT ORIGINAL ENDING PRINCIPAL ACCRUAL SCHEDULED PRE- SMM
PERIOD DATE BALANCE BALANCE DISTRIBUTION AMOUNT AMORT. PAYMENTS
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
5/2/96 thru 6/1/96 06/20/96 122,865,170 121,128,891 1,937,359 201,080 485,887 1,250,392 0.010217
6/2/96 thru 7/1/96 07/22/96 121,128,891 119,165,823 2,159,161 196,092 483,292 1,479,777 0.012265
7/2/96 thru 8/1/96 08/20/96 119,165,823 117,403,102 1,953,833 191,112 483,489 1,279,232 0.010779
8/2/96 thru 9/1/96 09/20/96 117,403,102 116,041,791 1,546,010 184,699 483,046 878,265 0.007512
9/2/96 thru 10/1/96 10/21/96 116,041,791 114,609,402 1,615,170 182,781 634,182 798,207 0.006916
- -----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------
ACCRUAL PAYMENT MONTHLY LIFE
PERIOD DATE CPRs CPRs
- ---------------------------------------------------------
<S> <C> <C> <C>
5/2/96 thru 6/1/96 06/20/96 11.59% 11.59%
6/2/96 thru 7/1/96 07/22/96 13.77% 12.69%
7/2/96 thru 8/1/96 08/20/96 12.19% 12.52%
8/2/96 thru 9/1/96 09/20/96 8.65% 11.57%
9/2/96 thru 10/1/96 10/21/96 7.99% 10.87%
- ---------------------------------------------------------
STRUCTURED CAPITAL MANAGEMENT HAS PREPARED THIS REPORT IN CORRELATION WITH INFORMATION PROVIDED TO US FROM A THIRD PARTY.
ALTHOUGH STRUCTURED CAPITAL MANAGEMENT BELIEVES THIS INFORMATION TO BE RELIABLE, WE CANNOT INACCURACIES SUPPLIED TO US BY A THIRD
PARTY. THIS REPORT IS FOR ANALYTICAL USE ONLY AND IS NOT INTENDED AS AN OFFER OR SOLICITATION TO THE PURCHASE OF THIS SECURITY.
THE DECISION WHETHER OR NOT TO ADOPT ANY STRATEGY OR AN REMAINS THE RESPONSIBILITY OF THE CUSTOMER. A PROSPECTUS HAS BEEN
PUBLISHED HIGHLIGHTING AMONG SEVERAL THINGS, THE UNDERLYING COLLATERAL CHARACTERISTICS, DEAL STRUCTURE, AND PAYMENT RULES. WE
STRONGLY RECOMMEND THEMSELVES WITH THE PROSPECTUS PRIOR TO MAKING ANY INVESTMENT DECISIONS.
11/20/96
</TABLE>
<PAGE>
STRUCTURED CAPITAL MANAGEMENT
HISTORICAL PREPAYMENTS JANUARY 1993 - JANUARY 1996
METROPOLITAN MORTGAGE PORTFOLIO
- -----------------------------------------------------------------------------
MONTH PREPAYMENT PRIOR MONTH END MONTHLY ANNUALIZED
END AMOUNT LOAN BALANCE PREPAY RATE CPRs
- -----------------------------------------------------------------------------
Jan-96 5,589,439 676,598,662 0.0083 9.48%
Dec-95 5,572,729 660,799,698 0.0084 9.66%
Nov-95 4,747,780 649,619,433 0.0073 8.43%
Oct-95 6,293,991 641,334,650 0.0098 11.16%
Sep-95 4,540,907 628,316,333 0.0072 8.34%
Aug-95 5,919,182 615,554,649 0.0096 10.95%
Jul-95 3,973,196 667,535,604 0.0060 6.91%
Jun-95 5,461,274 666,511,540 0.0082 9.40%
May-95 4,839,653 655,341,091 0.0074 8.51%
Apr-95 4,106,216 643,524,571 0.0064 7.39%
Mar-95 3,893,160 631,999,835 0.0062 7.15%
Feb-95 2,970,321 620,008,956 0.0048 5.60%
Jan-95 4,817,856 610,585,725 0.0079 9.07%
Dec-94 5,204,611 604,453,686 0.0086 9.86%
Nov-94 4,026,445 591,583,010 0.0068 7.87%
Oct-94 5,756,529 559,860,532 0.0103 11.66%
Sep-94 6,791,052 590,752,041 0.0115 12.96%
Aug-94 5,585,010 569,877,324 0.0098 11.15%
Jul-94 4,793,316 565,218,185 0.0085 9.72%
Jun-94 7,009,410 558,114,618 0.0126 14.07%
May-94 6,825,613 552,720,653 0.0123 13.85%
Apr-94 7,252,205 550,213,344 0.0137 15.23%
Mar-94 8,370,110 543,036,521 0.0154 17.01%
Feb-94 6,034,290 544,697,129 0.0111 12.51%
Jan-94 8,406,724 556,661,884 0.0151 16.69%
Dec-93 7,734,875 555,018,472 0.0139 15.50%
Nov-93 5,569,633 556,883,576 0.0100 11.36%
Oct-93 6,382,579 557,836,214 0.0114 12.90%
Sep-93 6,064,504 558,720,422 0.0109 12.28%
Aug-93 7,026,527 558,344,227 0.0126 14.10%
Jul-93 6,825,105 559,324,698 0.0122 13.70%
Jun-93 8,778,282 561,654,531 0.0156 17.22%
May-93 6,027,224 552,917,708 0.0109 12.32%
Apr-93 5,371,423 543,594,717 0.0099 11.23%
Mar-93 3,504,257 543,159,418 0.0065 7.47%
Feb-93 3,868,120 529,629,657 0.0073 8.42%
------------------------------
LIFE CPRs 11.194%
------------------------------
11/13/96
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Wed Nov 20 07:09:35 1996
Settlement Date: 11/20/99 Scenario 1: 10.00% CPR, 0 BP
File Name: MET#3
- -----------------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2 A2 - AAA 14,696.519.29 7.05000 5.627 1.100 6.72740 99.89355 0.661 0.622 28 52
3 A3 - AAA 9,241,971.12 7.35000 5.992 1.300 7.29194 99.90736 1.909 1.720 52 69
4 A4 - AAA 21,332,024.59 7.30000 6.086 1.200 7.28581 100.01865 3.901 3.200 1 128
5 B1 - AA 5,763,617.30 7.50000 6.084 1.400 7.48409 100.03142 3.901 3.183 1 128
6 B2 - A 3,667,756.46 7.70000 6.082 1.600 7.68234 100.04460 3.901 3.167 1 128
7 B3 - BBB 3,801,675.44 8.25000 6.269 1.950 8.21879 100.60883 8.642 5.969 128 154
8 B4 - BB 4,118,481.73 8.25000 6.029 3.850 9.87854 89.31997 12.431 7.110 154 244
9 B5 - B 2,851,256.58 8.25000 -2.976 8.000 5.02397 68.88690 99.000 6.706 244 449
10 PO - Unrated 2,791,647.90 39.991.76 -25.025 0.000 -25.02535 110.39021 99.000 14.784 0 440
- ---------------------------------------------------------------------------------------------------------------------------------
TOTAL: 68,264,950.40 8.77813 6.17286 98.49037 11.573 3.083 0 449
- -------------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
# CLASS PROCEEDS INTEREST DISCOUNT PROCEEDS
- -------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
2 A2 - AAA 14,680,874.84 54,683.30 0.00 14,735,558.14
3 A3 - AAA 9,233,409.36 35,851.15 0.00 9,269,260.50
4 A4 - AAA 21,336,003.01 82,287.55 0.00 21,418,190.56
5 B1 - AA 5,765,428.22 22,814,32 0.00 5,780,242.54
6 B2 - A 3,669,392.28 14,905.35 0.00 3,684,297.63
7 B3 - BBB 3,824,821.18 16,553.13 0.00 3,841,374.31
8 B4 - BB 3,678,626.65 17,932.56 0.00 3,696,559.20
9 B5 - B 1,964,142.27 12,414.85 0.00 1,976,557.12
10 PO - Unrated 3,081,705.98 0.00 0.00 3,081,705.98
- -------------------------------------------------------------------------------------
TOTAL: 67,234,403.79 257,342.20 0.00 67,491,745.99
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 67,491,745.99
Prepayment Method : CPR Collateral Accrued Interest: 33,981,090.41
Prepayment Rate (Initial) : 10.00000 Gross Collateral Cost : 160,703,605.09
Default Method : CPR Gross Collateral Cost: 160,703,605.05
Default Rate (Initial) : 5.00000 Cost of Issuance : 0.00
Initial Deposit : 0.00
Other Uses : 0.00
Number of Collateral Pools : 2371 TOTAL USES : 160,703,605.05
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11 Profit/(Contribution): -93,211,859.11
Weighted Average Orig. Mat. : 248.05 Percent Profit : -73.50
Weighted Average Orig. Amort. Term: 279.97
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Wed Nov 20 07:11:42 1996
Settlement Date: 11/20/00 Scenario 1: 10.00% CPR, 0 BP
File Name: MET#3
- -----------------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2 A2 - AAA 3,054,530,47 7.05000 4.650 1.100 5.75028 99.89355 0.196 0.190 28 52
3 A3 - AAA 9,241,971.12 7.35000 5.815 1.300 7.11506 99.90736 0.909 0.847 52 69
4 A4 - AAA 19,666,750.90 7.30000 6.061 1.200 7.26136 100.01865 3.184 2.680 1 128
5 B1 - AA 5,313,683.43 7.50000 6.058 1.400 7.45820 100.03142 3.184 2.668 1 128
6 B2 - A 3,381,434.91 7.70000 6.055 1.600 7.65498 100.04460 3.184 2.656 1 128
7 B3 - BBB 3,801,675.44 8.25000 6.253 1.950 8.20300 100.60883 7.642 5.473 128 154
8 B4 - BB 4,118,481.73 8.25000 6.104 3.850 9.95382 89.31997 11.431 6.774 154 244
9 B5 - B 2,851,256.58 8.25000 -4.066 8.000 3.93433 68.88690 99.000 6.960 244 449
10 PO - Unrated 1,929,094.77 41.84279 -24.270 0.000 -24.47011 110.39021 99.000 13.432 0 440
- ---------------------------------------------------------------------------------------------------------------------------------
TOTAL: 53,358,879.35 8.78022 6.34675 97.92283 12.157 3.024 0 449
- -------------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
# CLASS PROCEEDS INTEREST DISCOUNT PROCEEDS
- -------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
2 A2 - AAA 3,051,278.92 11,365.40 0.00 3,062,644.32
3 A3 - AAA 9,233,409.36 35,851.15 0.00 9,269,260.50
4 A4 - AAA 19,670,418.75 75,771.62 0.00 19,746,190.37
5 B1 - AA 5,315,352.99 21,033.33 0.00 5,336,386.32
6 B2 - A 3,382,943.03 13,741.78 0.00 3,396,684.80
7 B3 - BBB 3,824,821.18 16,553.13 0.00 3,841,374.31
8 B4 - BB 3,678,626.65 17,932.56 0.00 3,696,559.20
9 B5 - B 1,964,142.27 12,414.85 0.00 1,976,557.12
10 PO - Unrated 2,129,531.77 0.00 0.00 2,129,531.77
- -------------------------------------------------------------------------------------
TOTAL: 52,250,524.91 204,663.80 0.00 52,455,188.72
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 52,455,188.72
Prepayment Method : CPR Collateral Accrued Interest: 45,112,293.82
Prepayment Rate (Initial) : 10.00000 Gross Collateral Cost : 171,834,808.50
Default Method : CPR Gross Collateral Cost: 171,834,808.50
Default Rate (Initial) : 5.00000 Cost of Issuance : 0.00
Initial Deposit : 0.00
Other Uses : 0.00
Number of Collateral Pools : 2371 TOTAL USES : 171,834,808.50
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11 Profit/(Contribution):-119,379,619.79
Weighted Average Orig. Mat. : 248.05 Percent Profit : -94.21
Weighted Average Orig. Amort. Term: 279.97
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI
Wed Nov 20 07:23:10 1996 Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Settlement Date: 11/26/01 Scenario 1: 10.00% CPR, 0 BP
File Name : MET#3
- ---------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3 A3 - AAA 3,034,712.12 7.35000 5.289 1.300 6.58922 99.90736 0.354 0.338 52 69
4 A4 - AAA 17,878,344.76 7.30000 6.019 1.200 7.21930 100.01865 2.431 2.095 1 128
5 B1 - AA 4,830,480.89 7.50000 6.014 1.400 7.41365 100.03142 2.431 2.086 1 128
6 B2 - A 3,073,942.38 7.70000 6.008 1.600 7.60788 100.04460 2.431 2.078 1 128
7 B3 - BBB 3,801,675.44 8.25000 6.232 1.950 8.18179 100.60883 6.635 4.918 128 154
8 B4 - BB 4,118,481.73 8.25000 6.197 3.850 10.04680 89.31997 10.414 6.389 154 244
9 B5 - B 2,851,256.58 8.25000 -5.289 8.000 2.71098 68.88690 99.000 7.298 244 449
10 PO - UNRATED 1,189,946.11 47.48345 -22.502 0.000 -22.50246 110.39021 99.000 11.825 0 440
- ---------------------------------------------------------------------------------------------------------------------------
TOTAL 40,778,840.01 9.78107 6.57929 97.11425 13.044 3.008 0 449
- ---------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
PROCEEDS INTEREST DISCOUNT PROCEEDS
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
3 A3 - AAA 3,031,900.76 15,489.68 0.00 3,047,390.44
4 A4 - AAA 17,881,679.08 90,633.28 0.00 17,972,312.35
5 B1 - AA 4,831,998.63 25,158.75 0.00 4,857,157.38
6 B2 - A 3,075,313.36 16,437.05 0.00 3,091,750.41
7 B3 - BBB 3,824,821.18 21,780.43 0.00 3,846,601.61
8 B4 - BB 3,678,626.65 23,595.47 0.00 3,702,222.11
9 B5 - B 1,964,142.27 16,335.32 0.00 1,980,477.59
10 PO - UNRATED 1,313,584.01 9,417.12 0.00 1,323,001.13
- ---------------------------------------------------------------------------------
TOTAL 39,602,065.93 218,847.11 0.00 39,820,913.03
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 39,820,913.03
Prepayment Method : CPR Collateral Accrued Interest: 56,429,017.29
Prepayment Rate (Initial) : 10.00000 Gross Collateral Cost : 183,151,531.97 Gross Collateral Cost: 183,151,431.97
Default Method : CPR Cost of Issuance : 0.00
Default Rate (Initial) : 5.00000 Initial Deposit : 0.00
Other Uses : 0.00
Number of Collateral Pools : 2371 TOTAL USES : 183,151,531.97
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78 Profit/(Contribution): -143,330,618.94
Weighted Average Maturity : 174.11 Percent Profit : -113.11
Weighted Average Orig. Mat. : 248.05
Weighted Average Orig. Amort. Term: 279.97
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI
Wed Nov 20 07:07:56 1996 Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Settlement Date: 11/20/98 Scenario 1: 10.00% CPR, 0 BP
File Name : MET#3
- ---------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 A1 - AAA 6,030,675.09 6.20000 5.196 0.700 5.89592 99.75198 0.213 0.206 1 28
2 A2 - AAA 24,513,122.56 7.05000 5.828 1.100 6.92821 99.89355 1.276 1.174 28 52
3 A3 - AAA 9,241,971.12 7.35000 6.047 1.300 7.34693 99.90736 2.909 2.531 52 69
4 A4 - AAA 22,978,968.27 7.30000 6.102 1.200 7.30287 100.01865 4.589 3.666 1 128
5 B1 - AA 6,208,604.05 7.50000 6.101 1.400 7.50108 100.03142 4.589 3.645 1 128
6 B2 - A 3,950,929.84 7.70000 6.100 1.600 7.70028 100.04460 4.589 3.624 1 128
7 B3 - BBB 3,801,675.44 8.25000 6.281 1.950 8.23119 100.60883 9.642 6.427 128 154
8 B4 - BB 4,118,481.73 8.25000 5.966 3.850 9.81566 89.31997 13.431 7.417 154 244
9 B5 - B 2,851,256.58 8.25000 -2.004 8.000 5.99577 68.88690 99.000 6.535 244 449
10 PO - UNRATED 3,794,313.69 41.12368 -25.273 0.000 -25.27290 110.39021 99.000 16.001 0 440
- ---------------------------------------------------------------------------------------------------------------------------
TOTAL 87,490,018.38 8.77551 6.05136 98.91279 10.989 3.120 0 449
- ---------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
CLASS PROCEEDS INTEREST DISCOUNT PROCEEDS
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 A1 - AAA 6,015,717.81 19,733.71 0.00 6,035,451.52
2 A2 - AAA 24,487,028.34 91,209.24 0.00 24,578,237.58
3 A3 - AAA 9,233,409.36 35,851.15 0.00 9,269,260.50
4 A4 - AAA 22,983,273.85 88,532.94 0.00 23,071,806.75
5 B1 - AA 6,210,554.79 24,575.72 0.00 6,235,130.52
6 B2 - A 3,952,691.96 16,056.14 0.00 3,968,748.10
7 B3 - BBB 3,824,821.18 16,553.13 0.00 3,841,374.31
8 B4 - BB 3,678,626.65 17,932.56 0.00 3,696,559.20
9 B5 - B 1,964,142.27 12,414.85 0.00 1,976,557.12
10 PO - UNRATED 4,188,550.86 0.00 0.00 4,188,550.86
- ---------------------------------------------------------------------------------
TOTAL 86,538,817.06 322,859.43 0.00 86,861,676.45
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 86,861,676.49
Prepayment Method : CPR Collateral Accrued Interest: 22,849,887.00
Prepayment Rate (Initial) : 10.00000 Gross Collateral Cost : 149,572,401.68 Gross Collateral Cos : 149,572,401.68
Default Method : CPR Cost of Issuance : 0.00
Default Rate (Initial) : 5.00000 Initial Deposit : 0.00
Other Uses : 0.00
Number of Collateral Pools : 2371 TOTAL USES : 149,572,401.68
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78 Profit/(Contribution): -62,710,725.19
Weighted Average Maturity : 174.11 Percent Profit : -49.49
Weighted Average Orig. Mat. : 248.05
Weighted Average Orig. Amort. Term: 279.97
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI
Wed Nov 20 07:03:04 1996 Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Settlement Date: 11/20/97 Scenario 1: 10.00% CPR, 0 BP
File Name : MET#3
- ------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 A1 - AAA 24,431,701.93 6.20000 5.461 0.700 6.16109 99.75198 0.700 0.663 1 28
2 A2 - AAA 24,513,122.56 7.05000 5.924 1.100 7.02358 99.89355 2.276 2.029 28 52
3 A3 - AAA 9,241,971.12 7.35000 6.074 1.300 7.37369 99.90736 3.909 3.285 52 69
4 A4 - AAA 24,442,452.98 7.30000 6.114 1.200 7.31385 100.01865 5.287 4.114 1 128
5 B1 - AA 6,604,011.93 7.50000 6.114 1.400 7.51376 100.03142 5.287 4.088 1 128
6 B2 - A 4,202,553.04 7.70000 6.114 1.600 7.71367 100.04460 5.287 4.061 1 128
7 B3 - BBB 3,801,675.44 8.25000 5.291 1.950 8.24114 100.60883 10.642 6.049 128 154
8 B4 - BB 4,118,481.73 8.25000 5.913 3.850 9.76254 89.31997 14.431 7.696 154 244
9 B5 - B 2,851,256.58 8.25000 -1.149 8.000 6.85055 68.88690 99.000 6.432 244 449
10 PO - Unrated 4,853,953.93 44.61557 -25.133 0.000 -25.13337 110.39021 99.000 17.103 0 440
- ------------------------------------------------------------------------------------------------------------------------
TOTAL: 109,061,181.24 8.78377 5.97718 99.18740 10.619 3.224 0 449
- ---------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
# CLASS PROCEEDS INTEREST DISCOUNT PROCEEDS
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 A1 - AAA 24,371,106.42 79,945.96 0.00 24,451,052.38
2 A2 - AAA 24,487,028.34 91,209.24 0.00 24,578,237.58
3 A3 - AAA 9,233,409.36 35,951.15 0.00 9,269,260.50
4 A4 - AAA 24,447,011.50 94,171.34 0.00 24,541,182.84
5 B1 - AA 6,606,086.91 26,140.88 0.00 6,632,227.79
6 B2 - A 4,204,427.38 17,078.71 0.00 4,221,506.09
7 B3 - BBB 3,824,821.18 16,553.13 0.00 3,841,374.31
8 B4 - BB 3,678,626.65 17,932.56 0.00 3,696,559.20
9 B5 - B 1,964,142.27 12,414.85 0.00 1,976,557.12
10 PO - Unrated 5,358,289.93 0.00 0.00 5,358,289.93
- ---------------------------------------------------------------------------------
TOTAL: 108,174,949.94 391,297.81 0.00 108,566,247.74
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.58 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 108,586,247.74
Collateral Accrued Interest: 11,718,683.59
Prepayment Method : CPR Gross Collateral Cost : 138,441,198.27
Prepayment Rate (Initial) : 10.00000 Gross Collateral Cost: 138,441,198.27
Default Method : CPR Cost of Issuance : 0.00
Default Rate (Initial) : 5.00000 Initial Deposit : 0.00
Other Uses : 0.00
TOTAL USES : 138,441,198.27
Number of Collateral Pools : 2371
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78 Profit/(Contribution): -29,874,950.53
Weighted Average Maturity : 174.11 Percent Profit : -23.50
Weighted Average Orig. Mat. : 248.05
Weighted Average Orig. Amort. Term: 279.97
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI
Wed Nov 20 07:35:43 1996 Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Settlement Date: 11/26/99 Scenario 1: 10.00% CPR, 0 BP
File Name : MET#3
- ------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2 A2 - AAA 13,789,373.58 7.05000 5.598 1.100 6.69805 99.89355 0.618 0.582 28 52
3 A3 - AAA 9,241,971.12 7.35000 5.986 1.300 7.28639 99.90736 1.846 1.666 52 67
4 A4 - AAA 21,402,886.41 7.30000 6.099 1.200 7.29938 100.01865 4.538 3.584 1 174
5 B1 - AA 5,782,763.18 7.50000 6.098 1.400 7.49841 100.03142 4.538 3.562 1 174
6 B2 - A 3,679,940.20 7.70000 6.097 1.600 7.69742 100.04460 4.538 3.541 1 174
7 B3 - BBB 3,801,675.44 8.25000 2.040 1.950 3.98999 100.60883 99.000 7.860 174 449
8 B4 - BB 4,118,481.73 8.25000 -57.791 3.850 -53.94126 89.31997 99.000 3.622 0 99
9 B5 - B 2,266,204.92 8.25000 -108.000 8.000 -100.00000 68.88690 99.000 0.132 0 50
- ------------------------------------------------------------------------------------------------------------------------
TOTAL: 64,083,296.58 7.44544 4.34034 98.22483 18.322 2.965 0 449
DEAL SUMMARY
- --------------------------------------------------------------------------------- --------------
FLAT ACCRUED UNDERWRITERS TOTAL TOTAL
# CLASS PROCEEDS INTEREST DISCOUNT PROCEEDS PROCEEDS
- --------------------------------------------------------------------------------- --------------
<S> <C> <C> <C> <C>
2 A2 - AAA 13,774,694.79 67,510.47 0.00 13,842,205.27 2,473,999.75
3 A3 - AAA 9,233,409.36 47,172.56 0.00 9,280,581.92 9,280,581.92
4 A4 - AAA 21,406,878.05 108,500.74 0.00 21,515,378.79 19,943,650.73
5 B1 - AA 5,784,580.12 30,118.56 0.00 5,814,698.68 5,389,926.93
6 B2 - A 3,681,581.45 19,677.46 0.00 3,701,258.91 3,430,876.85
7 B3 - BBB 3,824,821.18 21,780.43 0.00 3,846,601.61 3,846,601.61
8 B4 - BB 3,678,626.65 23,595.47 0.00 3,702,222.11 3,702,222.11
9 B5 - B 1,561,118.32 12,983.47 0.00 1,574,101.79 178,495.82
- --------------------------------------------------------------------------------- --------------
TOTAL: 62,945,709.92 331,339.16 0.00 63,277,049.08 48,246,355.73
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68
Residual Duration : 0.00000 Collateral Price : 100.00
Net Collateral Cost : 126,722,514.68
Collateral Accrued Interest: 34,166,610.47
Prepayment Method : CPR Gross Collateral Cost : 160,889,125.15
Prepayment Rate (Initial) : 10.00000
Default Method : CPR
Default Rate (Initial) : 8.00000
Number of Collateral Pools : 2371
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11
Weighted Average Orig. Mat. : 248.05
Weighted Average Orig. Amort. Term: 279.97
Residual Proceeds : 0.00 0.00
Other Sources : 0.00 0.00
TOTAL SOURCES : 63,277,049.08 48,246,355.73
Gross Collateral Cost: 160,889,125.15 172,020,328.56
Cost of Issuance : 0.00 0.00
Initial Deposit : 0.00 0.00
Other Uses : 0.00 0.00
TOTAL USES : 160,889,125.15 172,020,328.56
Profit/(Contribution): -97,612,076.07 123,773,972.83
Percent Profit : -77.03 -97.67
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Wed Nov 20 07:34:02 1996
Settlement Date: 11/26/98 Scenario 1: 10.00% CPR, 0 BP
File Name: MET#3
- -----------------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 A1 - AAA 5,202,162.52 6.20000 5.110 0.700 5.80965 99.75198 0.174 1.169 1 28
2 A2 - AAA 24,513,122.56 7.05000 5.813 1.100 6.91310 99.89355 1.195 1.100 28 52
3 A3 - AAA 9,241,971.12 7.35000 6.045 1.300 7.34453 99.90736 2.946 2.479 52 67
4 A4 - AAA 22,995,735.00 7.30000 6.111 1.200 7.31121 100.01865 5.191 4.005 1 174
5 B1 - AA 6,213,128.78 7.50000 6.111 1.400 7.51093 100.03142 5.191 3.978 1 174
6 B2 - A 3,953,809.22 7.70000 6.111 1.600 7.71065 100.04460 5.191 3.952 1 174
7 B3 - BBB 3,801,675.44 8.25000 2.536 1.950 4.48613 100.60883 99.000 8.040 174 449
8 B4 - BB 4,118,481.73 8.25000 -41.092 3.850 -37.24230 89.31997 99.000 3.655 0 99
9 B5 - B 2,851,256.58 8.25000 -108.000 8.000 -100.00000 68.88690 99.000 1.417 0 50
10 PO - Unrated 1,941,350.13 70.92021 -27.677 0.000 -27.67728 110.39021 99.000 19.121 0 426
- ---------------------------------------------------------------------------------------------------------------------------------
TOTAL: 84,832,693.09 8.77558 4.20696 98.65421 17.531 2.998 0 449
- -------------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
# CLASS PROCEEDS INTEREST DISCOUNT PROCEEDS
- -------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 A1 - AAA 5,189,260.12 22,398.20 0.00 5,211,658.32
2 A2 - AAA 24,487,028.34 120,012.16 0.00 24,607,040.50
3 A3 - AAA 9,233,409.36 47,172.56 0.00 9,280,581.92
4 A4 - AAA 23,000,023.71 116,575.60 0.00 23,116,599.31
5 B1 - AA 6,215,080.95 32,360.05 0.00 6,247,441.00
6 B2 - A 3,955,572.62 21,141.90 0.00 3,976,714.52
7 B3 - BBB 3,824,821.18 21,780.43 0.00 3,846,601.61
8 B4 - BB 3,678,626.65 23,595.47 0.00 3,702,222.11
9 B5 - B 1,964,142.27 16,335.32 0.00 1,980,477.59
10 PO - Unrated 2,143,060.49 22,946.83 0.00 2,166,007.32
- -------------------------------------------------------------------------------------
TOTAL: 83,691,025.68 444,318.52 0.00 84,135,344.20
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 84,135,344.20
Prepayment Method : CPR Collateral Accrued Interest: 23,035,407.06
Prepayment Rate (Initial) : 10.00000 Gross Collateral Cost : 149,757,921.74
Default Method : CPR Gross Collateral Cost: 149,757,921.74
Default Rate (Initial) : 8.00000 Cost of Issuance : 0.00
Initial Deposit : 0.00
Other Uses : 0.00
Number of Collateral Pools : 2371 TOTAL USES : 149,757,921.74
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11 Profit/(Contribution): -65,622,577.54
Weighted Average Orig. Mat. : 248.05 Percent Profit : -51.78
Weighted Average Orig. Amort. Term: 279.97
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Wed Nov 20 07:32:13 1996
Settlement Date: 11/26/97 Scenario 1: 10.00% CPR, 0 BP
File Name: MET#3
- -----------------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 A1 - AAA 24,598,553.16 6.20000 5.452 0.700 6.15203 99.75198 0.652 0.617 1 28
2 A2 - AAA 24,513,122.56 7.05000 5.919 1.100 7.01894 99.89355 2.195 1.960 28 52
3 A3 - AAA 9,241,971.12 7.35000 6.072 1.300 7.37234 99.90736 4.846 3.236 52 67
4 A4 - AAA 24,442,585.75 7.30000 6.120 1.200 7.32048 100.01865 5.856 4.411 1 174
5 B1 - AA 6,604,047.80 7.50000 6.121 1.400 7.52076 100.03142 5.856 4.379 1 174
6 B2 - A 4,202,575.87 7.70000 6.121 1.600 7.72103 100.04460 5.856 4.348 1 174
7 B3 - BBB 3,801,675.44 8.25000 2.966 1.950 4.91611 100.60883 99.000 8.208 174 449
8 B4 - BB 4,118,481.73 8.25000 -29.536 3.850 -25.68570 89.31997 99.000 3.833 0 99
9 B5 - B 2,851,256.58 8.25000 -74.649 8.000 -66.64893 68.88690 99.000 2.647 0 50
10 PO - Unrated 4,855,243.58 44.69535 -30.649 0.000 -30.64910 110.39021 99.000 21.136 0 426
- ---------------------------------------------------------------------------------------------------------------------------------
TOTAL: 109,229,513.59 8.78379 4.05396 99.18840 17.018 3.105 0 449
- -------------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
# CLASS PROCEEDS INTEREST DISCOUNT PROCEEDS
- -------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 A1 - AAA 24,537,543.83 105,910.44 0.00 24,643,454.27
2 A2 - AAA 24,487,028.34 120,012.16 0.00 24,607,040.50
3 A3 - AAA 9,233,409.36 47,172.56 0.00 9,280,581.92
4 A4 - AAA 24,447,144.29 123,910.33 0.00 24,571,054.63
5 B1 - AA 6,606,122.79 34,396.08 0.00 6,640,518.87
6 B2 - A 4,204,450.22 22,472.11 0.00 4,226,922.32
7 B3 - BBB 3,824,821.18 21,780.43 0.00 3,846,601.61
8 B4 - BB 3,678,626.65 23,595.47 0.00 3,702,222.11
9 B5 - B 1,964,142.27 16,335.32 0.00 1,980,477.59
10 PO - Unrated 5,359,713.58 36,167.80 0.00 5,395,881.39
- -------------------------------------------------------------------------------------
TOTAL: 108,343,002.51 551,752.71 0.00 108,894,755.22
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 108,894,755.22
Prepayment Method : CPR Collateral Accrued Interest: 11,904,203.65
Prepayment Rate (Initial) : 10.00000 Gross Collateral Cost : 138,626,718.33
Default Method : CPR Gross Collateral Cost: 138,626.718.33
Default Rate (Initial) : 8.00000 Cost of Issuance : 0.00
Initial Deposit : 0.00
Other Uses : 0.00
Number of Collateral Pools : 2371 TOTAL USES : 138,626.718.33
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78
Weighted Average Maturity : 174.11 Profit/(Contribution): -29,731,963.11
Weighted Average Orig. Mat. : 248.05 Percent Profit : -23.46
Weighted Average Orig. Amort. Term: 279.97
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI
Wed Nov 20 07:57:12 1996 Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Settlement Date: 11/26/01 Scenario 1: 10.00% CPR, 0 BP
File Name : MET#3
- ------------------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST FLAT ACCRUED
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT PROCEEDS INTEREST
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3 A3 - AAA 2,966,649.02 7.35000 5.069 1.300 6.36911 99.90736 0.282 0.270 52 67 2,963,900.72 15,142.27
4 A4 - AAA 18,223,040.42 7.30000 6.056 1.200 7.25629 100.01865 3.149 2.593 1 174 18,226,439.01 92,380.69
5 B1 - AA 4,923,612.88 7.50000 6.053 1.400 7.45274 100.03142 3.149 2.580 1 174 4,925,159.88 25,643.82
6 B2 - A 3,133,208.19 7.70000 6.049 1.600 7.64911 100.04460 3.149 2.567 1 174 3,134,605.60 16,753.96
7 B3 - BBB 3,801,675.44 8.25000 0.796 1.950 2.74600 100.60883 99.000 7.504 174 449 3,824,821.18 21,780.43
8 B4 - BB 2,832,899.51 8.25000 -103.850 3.850 -100.00000 89.31997 99.000 2.918 0 99 2,530,344.99 16,230.15
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 35,881,085.45 7.54217 3.95079 99.23132 20.635 2.987 0 449 35,605,271.38 187,931.33
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
UNDERWRITERS TOTAL
# CLASS DISCOUNT PROCEEDS
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3 A3 - AAA 0.00 2,979,042.99
4 A4 - AAA 0.00 18,318,819.71
5 B1 - AA 0.00 4,950,803.69
6 B2 - A 0.00 3,151,359.56
7 B3 - BBB 0.00 3,846,601.61
8 B4 - BB 0.00 2,546,575.14
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 0.00 35,793,202.70
Residual Yield : 0.00000 Collateral Principal Amount : 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 35,793,202.70
Prepayment Method : CPR Collateral Accrued Interest : 56,429,017.29
Prepayment Rate (Initial) : 10.00000 Gross Collateral Cost : 183,151,531.97 Gross Collateral Cost : 183,151,531.97
Default Method : CPR Cost of Issuance : 0.00
Default Rate (Initial) : 8.00000 Initial Deposit : 0.00
Other Uses : 0.00
Number of Collateral Pools : 2371 TOTAL USES : 183,151,531.97
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78 Profit/(Contribution) : -147,358,329.27
Weighted Average Maturity : 174.11 Percent Profit : -116.28
Weighted Average Orig. Nat. : 248.05
Weighted Average Orig. Amort. Term : 279.97
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI
Wed Nov 20 07:51:59 1996 Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Settlement Date: 11/26/99 Scenario 1: 10.00% CPR, 0 BP
File Name : MET#3
- ------------------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST FLAT ACCRUED
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT PROCEEDS INTEREST
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2 A2 - AAA 13,789,373.58 7.05000 5.598 1.100 6.69805 99.89355 0.618 0.582 28 52 13,774,694.79 67,510.47
3 A3 - AAA 9,241,971.12 7.35000 5.986 1.300 7.28639 99.90736 1.846 1.666 52 67 9,233,409.36 47,172.56
4 A4 - AAA 21,402,886.41 7.30000 6.099 1.200 7.29938 100.01865 4.538 3.584 1 174 21,406,878.05 108,500.74
5 B1 - AA 5,782,763.18 7.50000 6.098 1.400 7.49841 100.03142 4.538 3.562 1 174 5,784,580.12 30,118.56
6 B2 - A 3,679,940.20 7.70000 6.097 1.600 7.69742 100.04460 4.538 3.541 1 174 3,681,581.45 19,677.46
7 B3 - BBB 3,801,675.44 8.25000 2.040 1.950 3.98999 100.60883 99.000 7.868 174 449 3,824,821.18 21,780.43
8 B4 - BB 4,118,481.73 8.25000 -57.791 3.850 -53.94126 89.31997 99.000 3.622 0 99 3,678,626.65 23,595.47
9 B5 - B 2,266,204.92 8.25000 -109.000 8.000 -100.00000 68.88690 99.000 0.132 0 50 1,561,118.32 12,983.47
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 64,083,296.58 7.44544 4.34034 98.22483 18.322 2.965 0 449 62,945,709.92 331,339.16
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
UNDERWRITERS TOTAL
# CLASS DISCOUNT PROCEEDS
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
2 A2 - AAA 0.00 13,842,205.20
3 A3 - AAA 0.00 9,280,501.90
4 A4 - AAA 0.00 21,515,378.70
5 B1 - AA 0.00 5,814,698.60
6 B2 - A 0.00 3,701,258.90
7 B3 - BBB 0.00 3,846,601.60
8 B4 - BB 0.00 3,702,222.10
9 B5 - B 0.00 1,574,101.70
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 0.00 63,277,049.00
Residual Yield : 0.00000 Collateral Principal Amount : 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 63,277,049.00
Prepayment Method : CPR Collateral Accrued Interest : 34,166,610.47
Prepayment Rate (Initial) : 10.00000 Gross Collateral Cost : 160,889,125.15 Gross Collateral Cost : 160,889,125.15
Default Method : CPR Cost of Issuance : 0.00
Default Rate (Initial) : 8.00000 Initial Deposit : 0.00
Other Uses : 0.00
Number of Collateral Pools : 2371 TOTAL USES : 160,889,125.15
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78 Profit/(Contribution) : -97,612,076.07
Weighted Average Maturity : 174.11 Percent Profit : -77.02
Weighted Average Orig. Nat. : 248.05
Weighted Average Orig. Amort. Term : 279.97
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI
Wed Nov 20 07:55:23 1996 Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Settlement Date: 11/26/00 Scenario 1: 10.00% CPR, 0 BP
File Name : MET#3
- ---------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------
2 A2 - AAA 2,464,557.21 7.05000 4.273 1.100 5.37251 99.89355 0.154 0.150 28 52
3 A3 - AAA 9,241,971.12 7.35000 5.790 1.300 7.08991 99.90736 0.846 0.790 52 67
4 A4 - AAA 19,839,376.07 7.30000 6.082 1.200 7.28229 100.01865 3.854 3.112 1 174
5 B1 - AA 5,360,324.36 7.50000 6.080 1.400 7.48031 100.03142 3.854 3.095 1 174
6 B2 - A 3,411,115.50 7.70000 6.078 1.600 7.67828 100.04460 3.854 3.078 1 174
7 B3 - BBB 3,801,675.44 8.25000 1.465 1.950 3.41512 100.60883 99.000 7.689 174 449
8 B4 - BB 4,118,481.73 8.25000 -81.599 3.850 -77.74901 89.31997 99.000 3.855 0 99
9 B5 - B 256,977.10 8.25000 -108.000 8.000 -100.00000 68.88690 99.000 0.003 0 50
- ---------------------------------------------------------------------------------------------------------------------------
TOTAL 48,494,478.53 7.50726 4.06554 98.96701 19.136 2.952 0 449
- ---------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
PROCEEDS INTEREST DISCOUNT PROCEEDS
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
2 A2 - AAA 2,461,933.69 12,066.06 0.00 2,473,999.75
3 A3 - AAA 9,233,409.36 47,172.56 0.00 9,280,581.92
4 A4 - AAA 19,843,076.11 100.574.61 0.00 19,943,650.70
5 B1 - AA 5,362,008.57 27,918.36 0.00 5,389,926.90
6 B2 - A 3,412,636.86 18,239.99 0.00 3,430,876.80
7 B3 - BBB 3,824,821.18 21,780.43 0.00 3,846,601.60
8 B4 - BB 3,678,626.65 23,595.47 0.00 3,702,222.10
9 B5 - B 177,023.56 1,472.26 0.00 178,495.80
- ---------------------------------------------------------------------------------
TOTAL 47,993,535.98 252,819.75 0.00 48,246,355.70
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.69 TOTAL SOURCES : 48,246,355.70
Prepayment Method : CPR Collateral Accrued Interest: 45,297,813.88
Prepayment Rate (Initial) : 10.00000 Gross Collateral Cost : 172,020,328.56 Gross Collateral Cost: 172,020,328.50
Default Method : CPR Cost of Issuance : 0.00
Default Rate (Initial) : 8.00000 Initial Deposit : 0.00
Other Uses : 0.00
Number of Collateral Pools : 2371 TOTAL USES : 172,020,328.50
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78 Profit/(Contribution): -123,773,972.80
Weighted Average Maturity : 174.11 Percent Profit : -97.80
Weighted Average Orig. Mat. : 248.05
Weighted Average Orig. Amort. Term: 279.97
</TABLE>
<PAGE>
<TABLE>
Trepp MAXIMI
Wed Nov 20 07:39:06 1996 Metropolitan Asset Funding, Inc. 1996-A Metropolitan 1996-A DEAL SUMMARY
Settlement Date: 11/26/01 Scenario 1: 10.00% CPR, 0 BP
File Name : MET#3
- ---------------------------------------------------------------------------------------------------------------------------
TSY/ SPREAD/ GROSS AVG 1st LAST
# CLASS PAR COUPON INDEX DM YIELD PRICE LIFE DUR PMT PMT
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------
3 A3 - AAA 2,966,649.02 7.35000 5.069 1.300 6.36911 99.90736 0.282 0.270 52 67
4 A4 - AAA 18,223,040.42 7.30000 6.056 1.200 7.25629 100.01865 3.149 2.593 1 174
5 B1 - AA 4,923,612.88 7.50000 6.053 1.400 7.45274 100.03142 3.149 2.580 1 174
6 B2 - A 3,133,208.19 7.70000 6.049 1.600 7.64911 100.04460 3.149 2.567 1 174
7 B3 - BBB 3,901,675.44 8.25000 0.796 1.950 2.74600 100.60883 99.000 7.504 174 449
8 B4 - BB 2,832,899.51 8.25000 -103.850 3.850 -100.00000 89.31997 99.000 2.918 0 99
---------------------------------------------------------------------------------------------------------------------------
TOTAL 35,881,085.45 7.54217 3.05079 99.23131 20.635 2.987 0 449
- ---------------------------------------------------------------------------------
FLAT ACCRUED UNDERWRITERS TOTAL
PROCEEDS INTEREST DISCOUNT PROCEEDS
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
3 A3 - AAA 2,963,900.72 15,142.27 0.00 2,979,042.90
4 A4 - AAA 18,226,439.01 92,380.69 0.00 18,318,819.70
5 B1 - AA 4,925,159.88 25,643.82 0.00 4,950,803.60
6 B2 - A 3,134,605.60 16,753.96 0.00 3,151,359.50
7 B3 - BBB 3,824,821.18 21,780.43 0.00 3,846,601.60
8 B4 - BB 2,530,344.99 16.230.15 0.00 2,546,575.10
- ---------------------------------------------------------------------------------
TOTAL 35,605,271.38 187,931.33 0.00 35,793,202.70
Residual Yield : 0.00000 Collateral Principal Amount: 126,722,514.68 Residual Proceeds : 0.00
Residual Duration : 0.00000 Collateral Price : 100.00 Other Sources : 0.00
Net Collateral Cost : 126,722,514.68 TOTAL SOURCES : 35,793,202.70
Prepayment Method : CPR Collateral Accrued Interest: 56,429,017.29
Prepayment Rate (Initial) : 10.00000 Gross Collateral Cost : 183,151,531.97 Gross Collateral Cost: 183,151,531.90
Default Method : CPR Cost of Issuance : 0.00
Default Rate (Initial) : 8.00000 Initial Deposit : 0.00
Other Uses : 0.00
Number of Collateral Pools : 2371 TOTAL USES : 183,151,531.90
Weighted Average Coupon : 9.54
Weighted Average Net Coupon : 8.78 Profit/(Contribution): -147,358,329.20
Weighted Average Maturity : 174.11 Percent Profit : -116.20
Weighted Average Orig. Mat. : 248.05
Weighted Average Orig. Amort. Term: 279.97
</TABLE>
